Insurance Average Salaries in Thanh Pho Ho Chi Minh 2026
How much money does a person working in Insurance make in Thanh Pho Ho Chi Minh?
LOW
7.3M
VND AVERAGE
19M
VND HIGH
38M
VND
A person working in Insurance in Thanh Pho Ho Chi Minh typically earns around 19M VND. Salaries range from 7.3M VND (lowest average) to 38M VND (highest average, actual maximum salary is higher).
Salary Variance
The provided figure represents the median compensation that encompasses housing, transportation, and other perks. The salaries within the Insurance domain in Thanh Pho Ho Chi Minh exhibit significant discrepancies across various professions. In case you seek information about the remuneration of a specific position, please refer to the salaries listed below for respective job titles.
Salaries for specific jobs
| Job Title | Average Salary |
| Insurance | |
| Actuarial Analyst | 27M VND |
| Actuarial Assistant | 18M VND |
| Actuarial Specialist | 18M VND |
| Actuary | 27M VND |
| Adjustment Insurance Clerk | 6.9M VND |
| Assistant Broker | 12M VND |
| Assistant Claims Manager | 21M VND |
| Associate Insurance Representative | 10M VND |
| Auditing Insurance Manager | 30M VND |
| Blockchain Insurance Auditor | 17M VND |
| Broker | 20M VND |
| Claim Advocacy Professional | 20M VND |
| Claims Adjuster | 7.2M VND |
| Claims Analyst | 9.7M VND |
| Claims Examiner | 10M VND |
| Claims Manager | 27M VND |
| Claims Processor | 7M VND |
| Claims Representative | 8.5M VND |
| Claims Resolution Specialist | 21M VND |
| Claims Supervisor | 20M VND |
| Complaints Specialist | 18M VND |
| Compliance Examiner | 17M VND |
| Compliance Officer | 16M VND |
| Compliance Reviewer | 18M VND |
| Consultant | 18M VND |
| Drone Claims Adjuster | 8.9M VND |
| Eligibility Interviewer | 20M VND |
| Eligibility Specialist | 19M VND |
| Insurance Account Manager | 22M VND |
| Insurance Accounts Executive | 20M VND |
| Insurance Adjuster | 18M VND |
| Insurance Agent | 11M VND |
| Insurance Analyst | 18M VND |
| Insurance Appraiser | 20M VND |
| Insurance Claims Clerk | 7.2M VND |
| Insurance Compliance Officer | 21M VND |
| Insurance Data Scientist | 19M VND |
| Insurance Examiner | 17M VND |
| Insurance Fraud Investigator | 16M VND |
| Insurance Investigator | 19M VND |
| Insurance Manager | 33M VND |
| Insurance Operations Manager | 34M VND |
| Insurance Policy Processing Clerk | 7.2M VND |
| Insurance Pricing Assistant | 16M VND |
| Insurance Product Manager | 22M VND |
| Insurance Program Manager | 25M VND |
| Insurance Project Manager | 23M VND |
| Insurance Quality Assurance Agent | 17M VND |
| Insurance Sales Agent | 11M VND |
| Insurance Sales Director | 32M VND |
| Insurance Sales Manager | 26M VND |
| Insurance Sales Representative | 10M VND |
| Insurance Team Leader | 20M VND |
| Insurance Underwriter | 15M VND |
| Insurtech Analyst | 19M VND |
| Loss Control Specialist | 19M VND |
| Loss Prevention Investigator | 20M VND |
| Loss Prevention Manager | 27M VND |
| Loss Prevention Specialist | 21M VND |
| Marine Underwriter | 15M VND |
| Medical Auditor | 19M VND |
| Monitoring and Performance Officer | 14M VND |
| Parametric Insurance Specialist | 19M VND |
| Payment Services Specialist | 19M VND |
| Peer-to-Peer Insurance Manager | 22M VND |
| Policy Change Director | 31M VND |
| Policy Change Supervisor | 21M VND |
| Policy Change Technician | 9.1M VND |
| Risk Analyst | 22M VND |
| Risk Management Director | 36M VND |
| Risk Management Supervisor | 25M VND |
| Risk Manager | 36M VND |
| Risk Modeling Manager | 35M VND |
| Social Media Risk Analyst | 20M VND |
| Title Insurance Typist | 17M VND |
| Training Manager | 22M VND |
| Underwriting Assistant | 10M VND |
Insurance Jobs Pay Scale and Salaries in Thanh Pho Ho Chi Minh
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries in Insurance in Thanh Pho Ho Chi Minh range from 7.3M VND (starting average salary) to 38M VND (maximum average salary, actual maximum is higher). To clarify, the number presented is not the legally mandated minimum wage. Rather, it represents the lowest figure reported in a salary survey that involved thousands of participants and professionals from across the entire country.
Median Salary
The median income in the field of Insurance is 18M VND, implying that half of the workforce in Thanh Pho Ho Chi Minh earns less than this figure, and the other half earns more. It represents the central value of salaries. As a rule of thumb, you would prefer to be part of the group earning above the median wage, situated on the right-hand side of the salary distribution chart.
Percentiles and Salary Scale
Two values that are highly correlated with the median are the 25th and 75th percentiles. By examining the salary distribution diagram, it is possible to determine that 25% of individuals employed in Insurance in Thanh Pho Ho Chi Minh earn less than 14M VND, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 21M VND, while 25% earn more than that.
Pay Scale Structure
Data was regrouped into brackets to provide a better understanding of what salaries can be expected. This approach was deemed more accurate than relying solely on the average salary, as it offers greater insights into the distribution of salaries in the field of Insurance in Thanh Pho Ho Chi Minh. The analysis revealed that roughly 65% of all reported salaries fell within the range of 9.7M VND to 16M VND. Approximately 20% of salaries were below the 9.7M VND mark, while 10% ranged from 16M VND to 20M VND. Only 5% of individuals earned a gross salary of 20M VND or higher.
Salary Comparison by Years of Experience
How does a person's salary progress over time?
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage.
Generally speaking, employees in Insurance in Thanh Pho Ho Chi Minh having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.
Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.
As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.
Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.
Salary Comparison By Education
How does the education level affect your salary?
It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income?
We compared the salaries of professionals at the same level but with different college degree levels across many jobs in Insurance in Thanh Pho Ho Chi Minh, below are our findings.
Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.
Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a certificate or diploma.
Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.
Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.
Is a Master's degree or an MBA worth it? Should you pursue higher education?
A Master's degree program or any post-graduate program in Vietnam costs anywhere from 86M VND to 259M VND and lasts approximately two years. That is quite an investment.
Employees can't expect any salary increases during the study period, assuming they already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
The decision really depends on the situation and experience among many other factors. Putting all variables aside, if a person can afford the costs of higher education then the return on investment is definitely worth it. Degree costs can be recovered roughly in a year or so.
Salary and Compensation Comparison By Gender / Insurance / Thanh Pho Ho Chi Minh
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? In the field of Insurance in Vietnam, the average difference between the salary of male and female employees is 8%.
| Male | 18M VND | |
| Female | -7% | 16M VND |
Average Annual Salary Increment Percentage / Insurance / Thanh Pho Ho Chi Minh
How much are annual salary increments in Thanh Pho Ho Chi Minh for individuals working in Insurance? How often do employees get salary raises?
Professionals working in Insurance in Vietnam are likely to observe a salary increase of approximately 10% every 16 months. The national average annual increment for all professions combined is 9% granted to employees every 17 months.
The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
How to calculate the salary increment percentage?
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency
Worldwide Salary Raises: All Countries and All Jobs
Salary Packages and Schemes
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
Bonus and Incentive Rates / Insurance / Vietnam
How much and how often are bonuses being awarded?
52% of surveyed staff in Insurance reported that they haven't received any bonuses or incentives in the previous year while 48% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 4% to 5% of their annual salary.
| Received Bonus | 48% | |
| No Bonus | 52% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.
Goal-Based BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese types of bonuses are given without a reason and usually resemble an appreciation token.
Bonuses Are Not Commissions!
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
What makes a position worthy of good bonuses and a high salary?
The main two types of jobs | |
| Revenue Generators | Supporting Cast |
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business. | Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations. |
Example: | Example: |
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Bonus Comparison by Seniority Level
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
Hourly Average Wage / Insurance / Thanh Pho Ho Chi Minh
The average hourly wage (pay per hour) in Insurance in Thanh Pho Ho Chi Minh is 112,000 VND.This is the rate they get paid for every worked hour.
About The Hourly Pay Rate
The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
What is the minimum hourly rate of pay?
The minimum pay rate per hour for people working in Insurance in Thanh Pho Ho Chi Minh is 41,900 VND. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary Comparison By City
| City | Average Salary |
| Da Nang | 17M VND |
| Ha Noi | 19M VND |
| Hai Phong | 16M VND |
| Thanh Pho Ho Chi Minh | 19M VND |
Government vs Private Sector Salary Comparison
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Vietnam is 8% on average across all career fields.
| Private Sector | 17M VND | |
| Public Sector | +8% | 18M VND |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary in Insurance in Thanh Pho Ho Chi Minh?
A good and competitive compensation would range anywhere between 18M VND and 21M VND. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
Gross Salary (before tax) and Net Salary (after tax)
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
Base / Basic Salary
The base salary for jobs in Insurance in Thanh Pho Ho Chi Minh ranges from 7.3M VND to 14M VND. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios.