The present invention relates to paint technology and is one kind of water soluble industrial paint. The water soluble industrial paint consists of deionized water, dispersant, wetting agent, defoaming agent, corrosion retardant, triethanolamine, Fe2O3, zinc chrome yellow, mica powder, aluminum tripolyphosphate, talcum powder, barite, glycol, CS-12, alcoholic acid modified styrene-acrylic resin, preservative, bactericide, WT-105A and 113. Compared with available technology, the present invention has the advantages of water solvent, no toxicity, no smell, no burning and exploding, no pollution, high resistance to acid, alkali, salt, oil and other corrosive medium, etc.