The invention discloses a method for manufacturing hot-rolled dual-phase steel based on a CSP (Compact Strip Production) process. The method comprises the following steps: (1) preparing a raw material comprising the following chemical compositions in percentage by weight: 0.055-0.070% of C, 0.40-0.50% of Si, 1.20-1.50% of Mn, less than or equal to 0.015% of P, less than or equal to 0.002% of S and the balance of Fe and unavoidable impurities; and (2) sequentially pretreating molten steel, carrying out converter top and bottom combined blowing, refining in an LF, continuously casting thin billet, soaking in a tunnel furnace, continuously rolling by virtue of an F1-F7 seven-stand hot continuous rolling mill group, cooling by virtue of a laminar cooling system, cooling by virtue of an ultra-fast cooling system and coiling. In the method, the out-of-furnace temperature of the continuous casting billet passing through the tunnel soaking furnace is equal to or greater than 1130 DEG C, the initial rolling temperature in the hot continuous rolling step is equal to or greater than 1010 DEG C, the reduction rate in an F1 stand is equal to or greater than 40%, the reduction rate in an F2 stand is equal to or greater than 33.3%, the temperature after the laminar cooling and air cooling is 600-690 DEG C, the temperature after ultra-fast cooling is 150-250 DEG C, the ultra-fast cooling speed is 70-150 DEG C/s. The microstructures of 11.0mm-thickness 590MPa-grade dual-phase steel in the thickness direction, which is produced from a simple low C-Mn-component system in an industrial mass manner, are ferrite and martensite duplex microstructures so that the dual-phase steel is excellent in comprehensive performance.