A complete set of ordinary differential equations, based on modifications of existing models, is used to investigate bubble growth and collapse under microgravity conditions in this paper. As in previous work, effects of inertia, surface tension and viscosity are taken into consideration in the momentum equation of the liquid phase outside of vapor bubble, while effects of “moving interface”, interface curvature and thermal resistance of surrounding liquid are considered in the evaporation of the vapor bubble. A dimensionless fitting constant b is introduced to account for area change of the moving vapor/liquid interface and the diffusive nature of the interface layer. The values of these fitting constants for bubble growth and bubble collapse in water and ethanol are obtained by matching predicted temporal variations of bubble radii with experimental data. The predicted interfacial dynamics during bubble growth and bubble collapse is analyzed. Different stages during the bubble growth process are characterized. During the early stage of bubble collapse, the simulated bubble radii show some “fluctuations”, which can be attributed to the “rebound effect” of pressure balance in the bubble owing to the initial condition of a sudden drop in temperature.