There are many LaTeX plugins for Vim which can make editing and compiling LaTeX files easier. The most popular among these plugins is Vim-LaTeX. It can be installed from its Github page here using your favorite Vim plugin manager.
The main features I use in Vim-LaTeX is:
Compile currently open LaTeX file by typing
\ll. Compilation errors are displayed in a buffer below and you can jump to the error line from there.
View compiled PDF file by typing
Tried with: Vim 7.4 and Ubuntu 14.04