Based on a fully overlapping domain decomposition approach, a parallel stabilized finite element variational multiscale method for the incompressible Navier-Stokes equations is proposed, where the stabilizations both for the velocity and pressure are based on two local Gauss integrations at the element level. The basic idea of the method is to use a locally refined global mesh to compute a stabilized solution in the given subdomain of interest. The proposed method only requires the application of an existing Navier-Stokes sequential solver on the locally refined global mesh associated with each subdomain, and thus can reuse the existing sequential solver without substantial recoding. Error bound of the approximate solutions from the proposed method is estimated with the use of local a priori error estimate for the stabilized solution. Algorithmic parameter scalings of the method are also derived. Some numerical simulations are presented to demonstrate the effectiveness of the method.