Novel oxovanadium(IV)–bisoxazoline catalysts, such as vanadyl sulfate (VOSO4)–(R)‐2,2′‐isopropylidenebis(4‐phenyl‐2‐oxazoline) [(R)Phbox], for the asymmetric oxidative coupling polymerization (AOCP) of 2,3‐dihydroxynaphthalene were developed. For example, the AOCP with VOSO4–(R)Phbox in CH2Cl2–MeOH [7/1 (v/v)] at room temperature for 24 h under an O2 atmosphere, followed by acetylation of the hydroxyl groups, afforded a polymer in a 58% yield with a specific rotation of [α]D = −147. The enantioselectivity during the polymerization was estimated to be 80% enantiomeric excess (S), a value much higher than that observed for the polymerizations with the copper(I)‐based catalyst systems and the typical oxovanadium(IV) catalysts reported for the asymmetric oxidative coupling producing the 1,1′‐bi‐2‐naphthol derivatives. © 2005 Wiley Periodicals, Inc., Inc. J Polym Sci Part A: Polym Chem 43: 5872–5878, 2005