In the current literature on the Vietnam Nationalist Party (Việt Nam Quốc dân đảng), besides the literary works and memoirs, a number of articles and monographs have dealt with the establishment, organizational structure, operational sites and provided some preliminary assessments of this political party. However, there are still some issues that need further research. By studying documents about the guiding principles, action plans and statute of the party, referencing and making comparisons with the notes and reports of the Indochinese General Security Department, and summerizing and analyzing the historical information provided by domestic and foreign works on revolutionary leader Nguyễn Thái Học and the Nationalist Party, the article seeks to clarify the two following issues: the Vietnam Nationalist Party’s political views on the ‘national liberation’ question, and the role of the Vietnam Nationalist Party in Vietnam’s nationalist movement prior to the rise of the Communist Party.