Mineva Lao Zabi is a baby in the Zabi family. Her father Dozle Zabi is a military general for the space army but is the biggest bonehead. Mineva's mother Zenna Zabi is just as dense and causes Mineva the biggest headache on a daily basis. This series follows the Zabi family and Mineva’s struggle with her parents who both have a screw loose.

Victory Gundam is set in UC 0153 and succeeds the Federation and Crossbone Vanguard conflict of Gundam F-91. Therefore, it takes place well after the events of the Earth Federation versus Principality of Zeon conflict (which could be said to have ended with Char's Counterattack or Unicorn). The greatly weakened Earth Federation comes under attack by the BESPA forces of the spaceborn Zanscare Empire; only the AEUG-like League Militaire stands in their way. The mass-produced Victory Gundam is the League Militaire's secret weapon against the invading BESPA.