The invention relates to a downhole tool for achieving efficient rock breaking through spin vibration, and belongs to the technical fields of petroleum and natural gas exploitation and drilling tools. According to the technical scheme, drilling fluid drives a turbine to rotate, a turbine rotor drives a transmission shaft to rotate to drive a disc valve set to periodically rotate, the open area changes, a periodic pressure pulse is generated to act on a vibration nipple to generate reciprocating vibration, the friction resistance between a drilling column and the well wall is effectively improved, and mechanical drilling speed is increased; the lower end of a tooth-shaped impact hammer head is provided with a tooth-shaped curved surface which is meshed with a tooth-shaped curved surface of a lower-end transmission connector, and the lower-end transmission connector is driven by a transmission shaft to generate rotating motion, so that the tooth-shaped impact hammer head is driven to rotate to generate axial reciprocating impact on the lower-end transmission connector under the joint action of the tooth-shaped impact hammer head and a force accumulating spring. According to the downhole tool, the structure is simple, the friction resistance is small, effective bit pressure and effective vibration are increased, the mechanical rotating speed is increased, and the cost is reduced.