The invention relates to an MVB (Multifunction Vehicle Bus) bus decoding and on-vehicle recording system based on an SOPC technology. The system comprises an FPGA chip, an EPCS serial FLASH chip, an SDRAM chip, an SRAM chip, an SD card and an MVB level switching circuit, wherein the FPGA chip comprises an NIOS-II soft-core processor, a phase-locked loop frequency multiplier, an MVB decoder, an SRAM read/write controller, an SPI switching module and an SPI; the NIOS-II soft-core processor is connected with the EPCS serial FLASH chip, the SDRAM chip, the phase-locked loop frequency multiplier, the MVB decoder, the SRAM read/write controller and the SPI; the MVB decoder is connected with the phase-locked loop frequency multiplier, the MVB level switching circuit and the SRAM read/write controller; and the SPI switching module is connected with the SPI interface, the SRAM read/write controller and the SD card. Compared with the prior art, the MVB bus decoding and on-vehicle recording system disclosed by the invention has the advantages of software and hardware integration, high reliability, convenience in operation, high real-time property and the like.