As most fractures of ductile materials in metal forming processes occurred due to the results of evolution of internal damage — void nucleation, growth and coalescence. In this paper, an approximate yield criterion for voided (porous) anisotropic ductile materials is developed. The proposed approximate yield function is based on Gurson’s yield function in conjunction with the Hosford’s non-quadratic anisotropic yield criterion in order to consider the characteristic of anisotropic properties of matrix material. The associated flow rules are presented and the laws governing void growth with strain are derived. Using the proposed model void growth of an anisotropic sheet under biaxial tensile loading and its effect on sheet metal formability are investigated. The yield surface of voided anisotropic sheet and void growth with strain are predicted and compared with the experimental results.