Abstract A three-phase, two-level inverter based on model forecastable control has good transient performance but poor steady-state performance. Considering the limitation of a limited number of discrete voltage vectors in a two-level inverter topology, this paper proposes a virtual vector model prediction method based on the analysis of a time-stepped forecasting model for a three-phase grid-connected inverter. First, three fixed virtual voltage vectors are constructed in each sector, and the action time of the required fundamental vector is found. Then, the cost function is constructed, and the optimum is selected among the virtual and fundamental voltage vectors in each sector. Finally, a hardware-in-the-loop experiment was carried out based on the PE-Expert4 experimental platform developed by Myway Co., LTD. The results show that the proposed virtual vector model forecastable control strategy can effectively improve the transient and steady-state performance of three-phase two-level inverters.