The present invention provides a high transmittance PSVA liquid crystal display panel and a manufacturing method thereof. The liquid crystal display panel includes an upper substrate (1) on which a first common electrode (31), an insulation layer (32), and a second common electrode (33) are formed, a lower substrate (2) on which a pixel electrode (4) is formed, and a plurality of polymer projections (5) formed on surfaces of the second common electrode (33) and the pixel electrode (4) to align liquid crystal molecules (7). One of the first and second common electrodes (31, 33) is a patternized common electrode and the other is a planar common electrode. The pixel electrode (4) is a planar electrode. In a manufacturing process, a voltage is applied to the pixel electrode (4) and the patternized common electrode to cause the liquid crystal molecules (7) to tilt in various directions so as to form multiple domains in each of sub-pixels. In a use, a voltage is applied to the pixel electrode (4) and the planar common electrode to make the entire pixel area to simultaneously achieve the maximum transmittance.