Magnesium (Mg) alloy is a promising candidate for biodegradable implants; however, its rapid degradation can create an unstable physiological environment that hampers tissue regeneration. To address this challenge, a polyvinyl alcohol (PVA) hydrogel composite reinforced with bioactive glass (BG) particles was developed as a coating for Mg alloy pellets, which underwent laser surface texturing (LST) and salting-out processes. results demonstrate that these treatments significantly enhance both the adhesiveness and swelling of the hydrogel coating. Notably, electrochemical corrosion assessments reveal a marked improvement in corrosion resistance, with the Mg–B1-L-S specimen exhibiting the highest performance after salting-out treatment. Electrochemical corrosion assessments revealed a significant enhancement in corrosion resistance for Mg alloy with the hydrogel coating, with the Mg–B1-L-S specimen showing superior performance following salting-out treatment. Immersion tests in simulated body fluid (SBF) confirmed the protective effect of the coatings, indicating that the addition of BG particles and salting-out treatment reduced mass loss and maintained pH stability. Biocompatibility evaluations through in vitro viability tests and osteogenic differentiation assays indicate that the Mg–B1-L and Mg–B1-L-S specimens exhibit superior cell activity, surface adhesion, and osteogenic potential. These findings highlight the effectiveness of PVA-BG hydrogel composite coatings in enhancing the corrosion resistance and biocompatibility of Mg alloy implants, positioning this approach as a significant advancement in the development of biodegradable materials for biomedical applications.