The present application discloses a method for preparing microporous PVA fiber comprising the following steps: Step 1: preparing spinning solution, calcium hydroxide solution, and sodium sulfate solution; Step 2: cooling the spinning solution to 40-60° C., and adding a foaming agent thereto to provide the PVA spinning stock solution; Step 3: spinning into the sodium sulfate solution so that the fiber containing the reaction product of the foaming agent and the mirabilite is dehydrated to provide a primary PVA fiber; Step 4: reacting the fiber with the calcium hydroxide solution to provide a secondary fiber; Step 5: foaming and pore forming; and Step 6: cleaning and drying to provide the final product of microporous PVA fiber.