A method and apparatus for deriving a motion vector predictor (MVP) candidate set for a block are disclosed. Embodiments according to the present invention generate a complete full MVP candidate set based on the redundancy-removed MVP candidate set if one or more redundant MVP candidates exist. In one embodiment, the method generates the complete full MVP candidate set by adding replacement MVP candidates to the redundancy-removed MVP candidate set and a value corresponding to a non-redundant MVP is assigned to each replacement MVP candidate. In another embodiment, the method generates the complete full MVP candidate set by adding replacement MVP candidates to the redundancy-removed MVP candidate set and a value is as signed to each replacement MVP candidate according to a rule. The procedure of assigning value, checking redundancy, removing redundant MVP candidate are repeated until the MVP candidate set is complete and full.