A vent relief valve performs as a safety valve, which ensures ventilation of propellant tank during filling and protection from tank overpressure after filling. Because of the reliability and cost saving, the virtually same vent relief valve has been used on all US cryogenic liquid fueled launch vehicles. Some modification to the valve has been applied to satisfy the various mission requirements of launch vehicles. This paper reviews the main technology trends of the vent relief valve applied to the propellant feed system for launch vehicle with respect to design and manufacture. This paper also introduces the operating technology of vent relief valve applied for launch vehicles of advanced countries in space development.