A method for preparing polyvinyl alcohol and polyvinyl acetate latex by use of a kettle bottom residue from vinyl acetate production process includes: distilling a kettle bottom residue of vinyl acetate to obtain a crude acetic acid and a distillation residue; multiple washing the distillation residue with water under boiling condition to obtain a washing residue containing polyvinyl acetate; dissolving a first portion of the washing residue into a first solvent to obtain a first polyvinyl acetate solution; subjecting the first polyvinyl acetate solution to saponification with an alkali aqueous solution; dissolving a second portion of the washing residue into a second solvent; and dispersing the second polyvinyl acetate solution into the polyvinyl alcohol solution, and optionally recovering the solvent to obtain a polyvinyl acetate latex; or adding the second polyvinyl acetate solution into an emulsion reaction system and optionally recovering vinyl acetate, to obtain a polyvinyl acetate latex.
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