The 2023–24 V.League 1, known as the 2023–24 Night Wolf V.League 1 (Vietnamese: Giải bóng đá Vô địch Quốc gia Night Wolf 2023–24) for sponsorship reasons, was the 41st season of the V.League 1, the highest division of Vietnamese football and the 24th as a professional league.

The relegated team is SHB Da Nang, who have spent 21 years in the top flight ever since their promotion in 2002.

The promoted teams is Quang Nam FC, who have come back to the top flight after 3 seasons.

Hanoi and Haiphong will be allowed to register 1 additional foreign players as they will compete in the AFC competitions.

Notes: The 2023–24 season ended with a relegation play-off game between the 13th-placed V.League 1 team, Hong Linh Ha Tinh, and the V.League 2 runner-up, PVF-CAND.