This paper aims to present practical values of a socialism economy from ideologies of V.I Lenin and Ho Chi Minh, two talented leaders of the world. Authors mainly use qualitative analysis, consisting of synthesis and inductive methods and historical materialism methods. Research findings show us that from Ho Chi Minh views, People is the most important criterion to evaluate the effectiveness of the political system’s operating capacity. This is also a very humanistic goal of the Vietnamese political system. If the operation of the political system is ineffective, the bureaucracy, the contingent of cadres and civil servants, especially key cadres, are degenerated and degenerated, the political system will slip out of the orbit of the people. The owner of the people, to become a force opposed to the people.

Values of Socialism Economy, V.I. Lenin, Ho Chi Minh, Ideologies, State Government.