Past accidents have shown that vapor cloud explosions are the predominant cause of the largest losses in the chemical and petrochemical industries due to the generation of significant overpressures. Prediction of such overpressure is of great concern and a knowledge of the likely overpressure is needed for the design of equipment, safety cases and emergency planning. For these reasons, risk assessment for vapor cloud explosion is crucial and this assessment can be carried out using the different models including TNT-Equivalency, TNO Hemispherical, TNO Multi-Energy and CFD models. Accordingly, in this paper, the published VCE prediction models are reviewed to provide a critical comparison of the different models used for the quantification of explosion hazards, in terms of the fundamental assumptions employed, and their predictive accuracy