The relevance of the article is due to the need to train specialists capable of productive work in the conditions of accelerated innovative development, the transition to the use of technologies and equipment of a higher level. This determines the problem of readiness formation for professional self-development, which is especially significant for vocational training teachers who are directly involved in the reproduction of the labor force and are capable of carrying out engineering and technical activities at enterprises and organizations in various sectors of the economy. The authors pointed to the insufficient degree of development of the problem of formation of readiness for professional self-development among future teachers of vocational training, taking into account the multifunctional nature of their work, which is due to the requirements of educational standards. This determined the purpose of the article to identify the essence of professional self-development of a teacher of vocational training and the features of its formation by means of a creative competition. Methods of analysis, synthesis, generalization, systematization, study of pedagogical experience, conversations and observations, as well as leading positions of system and project methodological approaches were used to conduct the research. The author’s definition of professional self-development of the future teacher of vocational training is presented. The potential possibilities of creative competitions in solving the problem of forming the readiness of students of the direction of training “Professional training (by industry)” for professional self-development based on project planning, which underlies the content of creative competitions and corresponds to the nature of the activity of a teacher of vocational training, are indicated. The experience of preparing future teachers of vocational training at the Lugansk State Pedagogical University for participation in creative competitions is characterized. A systematized list of competencies formed by students at different stages of preparation and participation in creative competitions is presented. Ways of organically combining the possibilities of educational and extracurricular processes in the preparation of future teachers of vocational training for participation in creative competitions and the development of the content of such training, which in general will contribute to the formation of students’ readiness for professional self-development, are proposed. Keywords: professional self-development, vocational training teacher, professional and pedagogical activity, readiness for professional self-development of future vocational training teachers, creative competition, project method