In the assembly process of aeroengine, the aeroengines have been rejected at pass off test for high vibration of high pressure rotor under the condition of meeting the geometric accuracy. Repeated disassembly and trial assembly will lead to interface damage, which will affect the safety and reliability of the engine. Therefore, a multi-objective collaborative optimization process method for geometric accuracy and dynamic performance is put forward based on the practical engineering problems. In the proposed method, the primal problem is firstly reveals the transfer mechanism of coaxiality and unbalance of rotor system, and the prediction model of the coaxiality and unbalance of the rotor system was established. Then, combined with the high-precision reduced order model of aeroengine high-pressure combined rotor, the system vibration responses under different assembly states are obtained. Finally, a multi-objective collaborative optimization assembly process method considering coaxiality, unbalance and vibration response is obtained. The results show that the collaborative optimization process method considering assembly accuracy and dynamic performance is the optimal assembly strategy, which can reduce the vibration amplitude of the key nodes of the rotor system while ensuring high assembly accuracy, and achieve the low-level vibration of the rotor system.