In 1970–1985, V. Fokin was directing at the Moscow Sovremennik Theatre. In 1985–1991, he headed the Moscow Yermolova Theatre. Already the first performances put on by this young theatre director made this theatre one of the most popular. It was unanimously acknowledged by the press that the flagship for Fokin first performance in the Yermolova Theatre "Speak…" meant turning to new theatrical thinking for theatres in Russia. In 1987, Valery Fokin was awarded the State Prize of the RSFSR in the field of literature and arts.
In 1975–1979, he taught students in the Russian Academy of Theatre Arts (GITIS), in 1993–1994 — in the Krakow High Theatre School (Poland) and the Toen Theatre in Tokyo (Japan). He held master classes at European Theatre Directing courses in
From 1988 — the Chairman of the Commission for Vs. Meyerhold's Creative Legacy. In 1991, the Meyerhold Center was set up on the initiative of the Commission for Vs. Meyerhold's Creative Legacy, with the support of the Union of Theatre Workers of Russia and the Union of Architects of Russia. In 1999, the
In 2002, he staged N. V. Gogol's "The Government Inspector" at the Alexandrinsky Theatre (with the
He put on about one hundred theatrical performances in Russia and abroad. Over the years of V. V. Fokin's being the Artistic Director, the Alexandrinsky Theatre has become the leading drama theatre of Russia and initiated a number of large-scale national and international projects. The International Alexandrinsky Theatre Festival is held here annually (it was not held for two years in a row because of the COVID-19 pandemic restrictions). In 2013, the New Stage of the Alexandrinsky Theatre was opened.
In 2019, the Alexandrinsky Theatre was the main venue of the large-scale Theatre Olympics that took place between May and December 2019. The city received over 50 theatrical performances from 20 countries, the program for national theatres of
In 2020, the theatre was given the status and name of the National Drama Theatre of Russia. In January 2021, Pskov Pushkin Academic Drama Theatre was included in it as an affiliation. Currently, the National Association of Theatres is being created.