The invention relates to a technology method for emission reducing and resource utilization of industrial waste water, in particular to a method for processing waste water containing ammonia and acid through the efficient steam stripping deamination technology and the steam stripping deacidification technology and conducting resource utilization on ammonia nitrogen and hydrogen sulfide in the waste water. The waste water with the content of ammonia nitrogen being 500-50000 mg/L and the content of hydrogen sulfide being 100-10000 mg/L can reach the national-level ammonia nitrogen discharging standard after being treated through the technologies, and the content of sulfide is reduced to be below 20 mg/L. Meanwhile, ammonia in the waste water is recycled in a high-purity ammonium sulfate mode, and hydrogen sulfide removed from the waste water can be used for preparing sulfur.