This paper presents a methodology for selecting the droop gains of the voltage source converters (VSCs) in multi-terminal high-voltage direct current (MT HVDC) transmission system. The droop gains are selected to improve the DC voltage transient and steady state dynamics performance. The proposed methodology relies on improving the small signal stability of the HVDC network, which is performed by selecting the droop gains values that increase minimize the real part of the system critical eigenvalues, while maintaining the steady state voltage deviation within limits. The proposed methodology has been tested on the CIGRE B4 DC grid test system. Furthermore, the simulation results confirm the effects of selecting the proper droop gains on the DC voltage dynamics.