In this paper, Vienna rectifier has been inspected as one of the prominent topologies among three-level switched-mode rectifiers. A Fast Processing discontinuous modulation strategy has been proposed with the aim of improving the rectifier’s performance. The proposed method not only takes advantage of special properties available in three-phase three-level rectifiers, but also reduces the control design complexity and the switching loss. Moreover, neutral point voltage balancing is inherently realized. To achieve these goals, the rectifier is decoupled into two 2-level boost converters in every defined region, leading to simple modulation algorithm and Fast Processing control strategy. The validity of the proposed technique has been verified via simulation and experimental results conducted on a laboratory prototype.