Finite element analysis of V-bending process of polypropylene was performed using hydrostatic-dependent elastic-plastic constitutive equations proposed by the present authors. Kinematic and isotropic hardening rule was employed for the plastic constitutive equations. The kinematic hardening rule was more suitable for the expression of the stress reversal in uniaxial stress - strain relation than the isotropic hardening. For the result of the finite element analysis of V-bending, the kinematic hardening rule was able to predict the experimental behavior of springback more properly than the isotropic hardening. Moreover, the effects of hydrostatic pressure-dependence were revealed by examining the calculated distribution of bending plastic strain, bending stress and the width of the bent specimen.