diff --git a/Doc/library/venv.rst b/Doc/library/venv.rst
index 2fb5cda..eda0cb6 100644
--- a/Doc/library/venv.rst
+++ b/Doc/library/venv.rst
@@ -187,6 +187,9 @@
         * ``__VENV_NAME__`` is replaced with the environment name (final path
           segment of environment directory).
 
+        * ``__VENV_PROMPT__`` is replaced with the prompt (the environment
+          name surrounded by parentheses and with a following space)
+
         * ``__VENV_BIN_NAME__`` is replaced with the name of the bin directory
           (either ``bin`` or ``Scripts``).
 
diff --git a/Lib/venv/__init__.py b/Lib/venv/__init__.py
index 1688bc4..f184328 100644
--- a/Lib/venv/__init__.py
+++ b/Lib/venv/__init__.py
@@ -261,7 +261,8 @@
                         being processed.
         """
         text = text.replace('__VENV_DIR__', context.env_dir)
-        text = text.replace('__VENV_NAME__', context.prompt)
+        text = text.replace('__VENV_NAME__', context.env_name)
+        text = text.replace('__VENV_PROMPT__', context.prompt)
         text = text.replace('__VENV_BIN_NAME__', context.bin_name)
         text = text.replace('__VENV_PYTHON__', context.env_exe)
         return text
diff --git a/Lib/venv/scripts/nt/Activate.ps1 b/Lib/venv/scripts/nt/Activate.ps1
index df78963..b15decb 100644
--- a/Lib/venv/scripts/nt/Activate.ps1
+++ b/Lib/venv/scripts/nt/Activate.ps1
@@ -34,7 +34,7 @@
 function global:_OLD_VIRTUAL_PROMPT {""}
 copy-item function:prompt function:_OLD_VIRTUAL_PROMPT
 function global:prompt {
-    Write-Host -NoNewline -ForegroundColor Green '__VENV_NAME__'
+    Write-Host -NoNewline -ForegroundColor Green '__VENV_PROMPT__'
     _OLD_VIRTUAL_PROMPT
 }
 
diff --git a/Lib/venv/scripts/nt/activate.bat b/Lib/venv/scripts/nt/activate.bat
index 3cebe26..9eab147 100644
--- a/Lib/venv/scripts/nt/activate.bat
+++ b/Lib/venv/scripts/nt/activate.bat
@@ -14,7 +14,7 @@
 )
 
 set "_OLD_VIRTUAL_PROMPT=%PROMPT%"
-set "PROMPT=__VENV_NAME__%PROMPT%"
+set "PROMPT=__VENV_PROMPT__%PROMPT%"
 
 if defined PYTHONHOME (
     set "_OLD_VIRTUAL_PYTHONHOME=%PYTHONHOME%"
diff --git a/Lib/venv/scripts/posix/activate b/Lib/venv/scripts/posix/activate
index c241450..7bbffd9 100644
--- a/Lib/venv/scripts/posix/activate
+++ b/Lib/venv/scripts/posix/activate
@@ -54,8 +54,8 @@
 
 if [ -z "$VIRTUAL_ENV_DISABLE_PROMPT" ] ; then
     _OLD_VIRTUAL_PS1="$PS1"
-    if [ "x__VENV_NAME__" != x ] ; then
-	PS1="__VENV_NAME__$PS1"
+    if [ "x__VENV_PROMPT__" != x ] ; then
+	PS1="__VENV_PROMPT__$PS1"
     else
     if [ "`basename \"$VIRTUAL_ENV\"`" = "__" ] ; then
         # special case for Aspen magic directories
diff --git a/Lib/venv/scripts/posix/activate.fish b/Lib/venv/scripts/posix/activate.fish
index 5ac1638..45391aa 100644
--- a/Lib/venv/scripts/posix/activate.fish
+++ b/Lib/venv/scripts/posix/activate.fish
@@ -55,8 +55,8 @@
     # with the original prompt function renamed, we can override with our own.
     function fish_prompt
         # Prompt override?
-        if test -n "__VENV_NAME__"
-            printf "%s%s%s" "__VENV_NAME__" (set_color normal) (_old_fish_prompt)
+        if test -n "__VENV_PROMPT__"
+            printf "%s%s%s" "__VENV_PROMPT__" (set_color normal) (_old_fish_prompt)
             return
         end
         # ...Otherwise, prepend env