Although many literatures used to employ dynamic capabilities to research on international new ventures phenomena, there is no scholar to make a literature review on international new ventures from the perspective of dynamic capability. This article systematically reviews and critically examines 48 articles on this topic published over the past two decades. Firstly, it analyzes the trends of publishing time, the distributions of journals and the contributions of scholars to international new ventures from dynamic capability perspective. Then, it analyzes the theoretical foundations, contexts, methods and topics included by the related literature. Finally, based on it, we discuss future development directions for international new ventures research of dynamic capabilities perspective from several sides, such as dynamic managerial capabilities, moderator variable, different international dimensions.