The invention discloses cotton fiber, aloe fiber and viscose fiber blended yarn and a yarn spinning process thereof. The blended yarn comprises the components by fiber-content blended ratio: 50 percent of cotton fiber, 30 percent of aloe fiber and 20 percent of viscose fiber, and the fibers are spun into the yarn through a blending process. The aloe fiber and the viscose fiber are subjected to coating mixing, and card slivers formed through working procedures such as blowing and cotton carding and cotton-fiber fine combing slivers are subjected to sliver mixing to form the yarn. A compact Siro spinning technique and the reasonable raw material collocation are adopted, so that the problems that the fiber of the aloe fiber is short, the viscose fiber is easy to deform, the elastic recovery properties are poor, the abrasive resistance is poorer, the fiber is not resistant to acid and the like are solved, and the advantages of the aloe fiber, the viscose fiber and the cotton fiber are exerted. A mixing mode of one pre-drawing and three mixing-drawing is adopted, the accurate blending ratio is favored, and the components are uniform. The produced single yarn evenness is uniform, the single yarn strength is high, the neps are less, and the yarn defects are less.