diff --git a/.github/workflows/test.yml b/.github/workflows/activation.yml
similarity index 93%
rename from .github/workflows/test.yml
rename to .github/workflows/activation.yml
index 39d0963..c06732a 100644
--- a/.github/workflows/test.yml
+++ b/.github/workflows/activation.yml
@@ -25,7 +25,7 @@ jobs:
       - name: Set up Python
         uses: actions/setup-python@v7
         with:
-          python-version: "3.12" # Vim on Ubuntu supports only 3.12
+          python-version: "3.14" # Vim on Ubuntu supports only 3.14
 
       - name: Set up tools
         run: |
@@ -66,4 +66,5 @@ jobs:
             -c "call assert_equal('${{ matrix.tool }}', virtualenv#state('virtualenv_type'))" \
             -c "call assert_equal(${MATRIX_KIND_CODE}, virtualenv#state('virtualenv_internal'))" \
             -c "call assert_equal('${VIM_VIRTUALENV_TARGET}', virtualenv#state('virtualenv_directory'))" \
+            -c "call assert_equal('${VIM_VIRTUALENV_TARGET}', py3eval('sys.prefix'))" \
             -c "call g:ExitTest()"
diff --git a/.github/workflows/dyn-stable.yml b/.github/workflows/dyn-stable.yml
new file mode 100644
index 0000000..2e8c1bd
--- /dev/null
+++ b/.github/workflows/dyn-stable.yml
@@ -0,0 +1,73 @@
+name: Test dynamic stable ABI virtual environment activation
+
+on:
+  push:
+    branches: [ "master" ]
+  pull_request:
+    branches: [ "master" ]
+
+jobs:
+  test:
+    runs-on: ubuntu-latest
+    container: fedora:45
+    timeout-minutes: 10
+
+    defaults:
+      run:
+        shell: bash
+
+    strategy:
+      fail-fast: false
+      matrix:
+        tool: [ "venv", "virtualenv" ]
+        kind: [ "internal", "external" ]
+        system-python: [ "3.14", "3.12" ]
+        venv-python: [ "3.14", "3.12" ]
+
+    steps:
+      - name: Set up tools
+        run: |
+          dnf install -y git python3.12 python3.14 python3-virtualenv
+
+      - name: Checkout repository
+        uses: actions/checkout@v7
+
+      - name: Set up Python
+        run: |
+          export VIM_VIRTUALENV_PYTHON_BIN="${RUNNER_TEMP}/python-bin"
+          mkdir -p "${VIM_VIRTUALENV_PYTHON_BIN}"
+          ln -s "$(command -v python${{ matrix.system-python }})" "${VIM_VIRTUALENV_PYTHON_BIN}/python"
+          ln -s "$(command -v python${{ matrix.system-python }})" "${VIM_VIRTUALENV_PYTHON_BIN}/python3"
+          echo "${VIM_VIRTUALENV_PYTHON_BIN}" >> "${GITHUB_PATH}"
+
+      - name: Set up editor
+        run: |
+          dnf install -y vim-enhanced
+          vim --version | grep -F '+python3/dyn-stable'
+
+      - name: Create virtual environment
+        run: |
+          export VIM_VIRTUALENV_TARGET="$(mktemp --directory)"
+          if [[ "${{ matrix.tool }}" == "venv" ]]; then
+            python${{ matrix.venv-python }} -m venv --without-pip "${VIM_VIRTUALENV_TARGET}"
+          else
+            /usr/bin/python -m virtualenv --no-seed --python ${{ matrix.venv-python }} "${VIM_VIRTUALENV_TARGET}"
+          fi
+          echo "VIM_VIRTUALENV_TARGET=${VIM_VIRTUALENV_TARGET}" >> "${GITHUB_ENV}"
+
+      - name: Activate virtual environment
+        run: |
+          python --version
+          if [[ "${{ matrix.kind }}" == "internal" ]];
+            then cd "${VIM_VIRTUALENV_TARGET}"
+            else source "${VIM_VIRTUALENV_TARGET}/bin/activate"
+          fi
+          MATRIX_KIND_CODE=$([[ "${{ matrix.kind }}" == "internal" ]] && echo 1 || echo 0)
+          vim --not-a-term --clean -u "${GITHUB_WORKSPACE}/.github/workflows/minimal.vim" \
+            -c "call assert_equal('${{ matrix.tool }}', virtualenv#state('virtualenv_type'))" \
+            -c "call assert_equal(${MATRIX_KIND_CODE}, virtualenv#state('virtualenv_internal'))" \
+            -c "call assert_equal('${VIM_VIRTUALENV_TARGET}', virtualenv#state('virtualenv_directory'))" \
+            -c "call assert_equal('${VIM_VIRTUALENV_TARGET}', py3eval('sys.prefix'))" \
+            -c "call assert_equal('${{ matrix.venv-python }}', virtualenv#state('virtualenv_python'))" \
+            -c "call assert_equal('${{ matrix.venv-python }}', join(py3eval('sys.version_info[:2]'), '.'))" \
+            -c "call g:ExitTest()"
diff --git a/autoload/virtualenv.vim b/autoload/virtualenv.vim
index c265330..b995a1a 100644
--- a/autoload/virtualenv.vim
+++ b/autoload/virtualenv.vim
@@ -1,22 +1,8 @@
 function! virtualenv#init()
     let s:state = {}
 
-    if has('python3_stable')
-        let s:vim_major = and(v:python3_version >> 24, 0xff)
-        let s:vim_minor = and(v:python3_version >> 16, 0xff)
-    else
-        let s:vim_major = py3eval('sys.version_info.major')
-        let s:vim_minor = py3eval('sys.version_info.minor')
-    endif
-
     let s:custom_project_finder = 'virtualenv#gutentags_project_root_finder'
 
-    try
-        execute 'py3file' fnameescape(g:virtualenv#python_script)
-    catch
-        return s:error('failed to load Python virtual environment manager')
-    endtry
-
     if !empty(g:virtualenv#directory)
         let g:virtualenv#directory =
             \ s:normalize_path(fnamemodify(g:virtualenv#directory, ':p'))
@@ -125,10 +111,16 @@ function! virtualenv#force_activate(target, ...)
         let [l:major, l:minor] = l:pyversion
         call s:error('Python version mismatch')
         call s:error('Environment version: '.l:major.'.'.l:minor)
-        call s:error('Vim version: '.s:vim_major.'.'.s:vim_minor)
+        call s:error('Vim version: '.s:python.major.'.'.s:python.minor)
         return s:error(l:target.' is not supported')
     endif
 
+    if exists('+pythonthreedll')
+        let [&pythonthreedll] = s:execute_system_python_command(
+            \ 'import sysconfig; print(sysconfig.get_config_var("INSTSONAME"))',
+            \ l:target)
+    endif
+
     let s:state['virtualenv_type'] = l:env_type
     let s:state['virtualenv_internal'] = l:internal
     let s:state['virtualenv_python'] = join(l:pyversion, '.')
@@ -282,7 +274,8 @@ function! s:get_env_type(target)
         return filereadable(s:join_path(a:target, 'uv.lock')) ? 'uv' : '.venv'
     elseif filereadable(s:join_path(a:target, 'venv/.tox-info.json'))
         return '.tox'
-    elseif filereadable(s:join_path(a:target, '.python-version')) && exists('$PYENV_ROOT')
+    elseif filereadable(s:join_path(a:target, '.python-version')) &&
+         \ exists('$PYENV_ROOT')
         return 'pyenv'
     elseif filereadable(s:join_path(a:target, 'bin/activate_this.py'))
         return filereadable(s:join_path(a:target, 'bin/get_env_details'))
@@ -325,11 +318,25 @@ function! s:get_pyversion_external(...)
 endfunction
 
 function! s:is_python_supported(pyversion)
+    if !exists('s:python')
+        if has('python3_stable')
+            let s:python = {
+                \ 'major': and(v:python3_version >> 24, 0xff),
+                \ 'minor': and(v:python3_version >> 16, 0xff),
+                \ }
+        else
+            let s:python = {
+                \ 'major': py3eval('sys.version_info.major'),
+                \ 'minor': py3eval('sys.version_info.minor'),
+                \ }
+        endif
+    endif
+
     let [l:major, l:minor] = a:pyversion
     if has('python3_stable')
-        return (l:major >= s:vim_major) && (l:minor >= s:vim_minor)
+        return (l:major >= s:python.major) && (l:minor >= s:python.minor)
     else
-        return (l:major == s:vim_major) && (l:minor == s:vim_minor)
+        return (l:major == s:python.major) && (l:minor == s:python.minor)
     endif
 endfunction
 
@@ -394,11 +401,22 @@ function! s:normalize_path(path)
 endfunction
 
 " python machinery
-function! s:execute_system_python_command(command)
-    return systemlist("python -B -c 'import sys; ".a:command."'")
+function! s:execute_system_python_command(command, root=v:null)
+    let l:prefix = a:root is v:null ? '' : s:join_path(a:root, 'bin/')
+    return systemlist(l:prefix."python -B -c 'import sys; ".a:command."'")
 endfunction
 
 function! s:execute_python_command(command, ...)
+    if !exists('s:python_loaded')
+        try
+            execute 'py3file' fnameescape(g:virtualenv#python_script)
+        catch
+            throw 'failed to load Python virtual environment manager: '.
+                \ v:exception
+        endtry
+        let s:python_loaded = 1
+    endif
+
     let l:command = a:command.((a:0) ? s:build_arguments(a:000) : '')
     return split(execute('python3 '.l:command), '\n')
 endfunction
diff --git a/plugin/virtualenv.vim b/plugin/virtualenv.vim
index 61951c1..b51cf93 100644
--- a/plugin/virtualenv.vim
+++ b/plugin/virtualenv.vim
@@ -2,7 +2,7 @@ if exists('g:loaded_virtualenv')
     finish
 endif
 
-if !has('python3')
+if !has('python3_compiled') && !has('python3')
     echoerr 'vim-virtualenv requires python3 feature to be enabled'
     finish
 endif