The invention provides regenerated glass fiber reinforced plastic-polyvinyl alcohol hybrid fiber high-toughness concrete. The concrete is prepared from the following raw materials in parts by weight: 800 to 1000 parts of cement, 30 to 50 parts of silica fume, 1200 to 1350 parts of fine aggregate, 1600 to 2000 parts of coarse aggregate, 10 to 20 parts of large-size regenerated glass fiber reinforced plastic fiber, 20 to 30 parts of medium-size regenerated glass fiber reinforced plastic fiber, 5 to 10 parts of small-size regenerated glass fiber reinforced plastic fiber, 6.3 to 7.5 parts of polyvinyl alcohol fiber, 6.5 to 8.5 parts of water reducing agent, 5.6 to 7.1 parts of defoaming agent, 300 to 400 parts of oxidant solution, 0.2 to 0.5 part of dispersing agent and 400 to 450 parts of water. Toughness is improved by improving binding power of the regenerated glass fiber reinforced plastic fiber in concrete and improving dispersity of the PVA fiber, an oxidizing agent is adopted to conduct surface oxidation treatment on the regenerated glass fiber reinforced plastic fibers, etching is conducted on the fiber surfaces, mechanical meshing is formed on the contact surface of the fibers and the concrete, hydrophilic groups exist in molecular chains of a dispersing agent, when the fibers are soaked in a dispersing agent aqueous solution, wetting of the fibers by water is facilitated, and dispersion is improved. The hybrid fiber concrete prepared by the method is simple in preparation process and convenient to construct, and can be widely applied to the fields of civil engineering, traffic and the like.