Although new soybean yogurt is gradually popular as a new nutrition health food for people, it is lack in China. There are some deficiencies in the flavor and fermentation technology. Based on domestic and international latest researches, the progresses on removal of beany flavor, fermentation strains and other aspects were reviewed in this paper. Some physiological functions, such as enhancing immunity, anti-cancer, lowering cholesterol by soybean yogurt was introduced in this paper. The prospect of the new soybean yogurt was expected in this paper.