The invention provides multifunctional vinyl acetate decorative coating for an interior wall. The multifunctional vinyl acetate decorative coating is prepared from the following components in parts byweight: 50 to 80 parts of a vinyl acetate emulsion, 5 to 10 parts of fluorescent powder, 1 to 3 parts of a negative ion additive, 3 to 6 parts of nano silicon dioxide, 8 to 12 parts of nano titaniumdioxide, 10 to 20 parts of diatomite, 5 to 10 parts of mica powder, 3 to 6 parts of titanium white, 10 to 20 parts of calcium carbonate, 4 to 8 parts of a 20% hydroxyethyl cellulose solution, 0.3 to 0.5 part of a fungicide, 0.5 to 0.8 part of a mildew preventive, 0.1 to 0.3 part of a pH regulator, 0.5 to 1.0 part of a dispersant, 0.2 to 0.5 part of a de-foaming agent, 1.0 to 2.5 parts of a film forming auxiliary agent, 0.5 to 0.8 part of a thickener, 1 to 3 parts of an anti-freezing agent and 20 to 50 parts of de-ionized water. The coating provided by the invention has good scrubbing resistance, weather resistance, contamination resistance and ageing resistance and can be used for statically and continuously releasing negative ions and removing harmful gas including formaldehyde, ammonia,benzene and the like; and the coating has the advantages of bacterium resistance and bacterium inhibition, no pollution, environment protection, high decoration performance, fluorescent performance, multifunction and the like.