The invention discloses a hydraulic system of a vibrating pile driver. The hydraulic system comprises a first oil cylinder, a first electromagnetic valve, a first vibration control valve, a second oil cylinder, a second electromagnetic valve, a second vibration control valve and a driving mechanism. The first vibration control valve is connected with the first oil cylinder, and the second vibration control valve is connected with the second oil cylinder; one end of the first electromagnetic valve and one end of the second electromagnetic valve are connected with the first oil cylinder, and the other end of the first electromagnetic valve and the other end of the second electromagnetic valve are connected with the second oil cylinder; and the first vibration control valve and the second vibration control valve are both connected with the driving mechanism. The electromagnetic valves and the vibration control valves are utilized for controlling the working sequence of the first oil cylinder and the second oil cylinder, and therefore the two oil cylinders constantly and alternatively vibrate for pile driving; on the basis of the pile driving principle, the impact fore is large, too large pile driving mass is not needed, the reactive force is small, and the reliability is high; and in addition, the full-hydraulic system is adopted to carry out driving and control, and the hydraulic system is simple in structure, large in driving force, convenient to control and use, and also low in manufacturing cost.