Average Mortgage Processor Salary in Vietnam for 2024

In this article, we will look at the average Mortgage Processor salary for 2024 in Vietnam and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Vietnamese đồng. To keep things simple, we are using the VND currency code instead of the currency symbol ₫.

How Much Does a Mortgage Processor Make in Vietnam?

A Mortgage Processor working in Vietnam will typically earn around 99,358,600 VND per year, and this can range from the lowest average salary of about 52,681,700 VND to the highest average salary of 151,201,000 VND.

Average Annual Salary
99,358,600 VND
Average Monthly Salary
8,279,883 VND

Lowest Annual Salary
52,681,700 VND
Lowest Monthly Salary
4,390,141 VND

Highest Annual Salary
151,201,000 VND
Highest Monthly Salary
12,600,083 VND

These are average salaries for a Mortgage Processor in Vietnam and include benefits such as housing and transport. It's also possible for a Mortgage Processor to earn more or less than the average salaries shown above.

Mortgage Processor salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Mortgage Processor Salaries in Vietnam

So we've looked at the average salaries a Mortgage Processor will earn in Vietnam. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Mortgage Processor can earn between 52,681,700 VND and 151,201,000 VND on average in Vietnam. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Mortgage Processor in Vietnam is 93,478,400 VND. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 93,478,400 VND, and 50% of the population earn more than 93,478,400 VND.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Mortgage Processor salary in Vietnam, 25% of the population are earning less than 65,759,500 VND while 75% of the population earn more than 65,759,500 VND.

75% of the population earn less than 114,960,700 VND, and 25% of the population earn more than 114,960,700 VND.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Mortgage Processor Salary by Experience Level in Vietnam

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average mortgage processor salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Mortgage Processor in Vietnam that has less than two years of experience can expect to earn somewhere in the region of 60,598,100 VND.
  • 2 - 5 Years Experience. With two to five years of experience the average Mortgage Processor salary would increase to 74,279,700 VND.
  • 5 - 10 Years Experience. From five to ten years of experience as a Mortgage Processor, the average salary would be 105,358,700 VND.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 123,599,800 VND.
  • 15 - 20 Years Experience. A Mortgage Processor with 15 to 20 years of experience can earn an average of 135,600,300 VND.
  • 20+ Years Experience. For a Mortgage Processor with more than 20 years, the expected average salary increases to 142,799,100 VND.

Average Salary by Experience Chart

0-2 Years
60,598,100 VND
2-5 Years +23%
74,279,700 VND
5-10 Years +42%
105,358,700 VND
10-15 Years +17%
123,599,800 VND
15-20 Years +10%
135,600,300 VND
20+ Years +6%
142,799,100 VND

Mortgage Processor Salary by Education Level in Vietnam

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Mortgage Processor in Vietnam based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Certificate or Diploma. A Mortgage Processor in Vietnam with a certificate or diploma education can earn an average salary of 74,279,700 VND.

  • Bachelor's Degree. A Mortgage Processor in Vietnam with a bachelor's degree education can earn an average salary of 95,998,700 VND.

  • Master's Degree. A Mortgage Processor in Vietnam with a master's degree education can earn an average salary of 136,800,100 VND.

Average Salary by Education Chart

Certificate or Diploma
74,279,700 VND
Bachelor's Degree +29%
95,998,700 VND
Master's Degree +43%
136,800,100 VND

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Vietnam is around 86,100,000 to 258,000,000 VND and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Mortgage Processor Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Vietnam, a male mortgage processor will earn an average of 103,561,000 VND, while a female mortgage processor will earn around 92,998,400 VND.

This means that a male mortgage processor earns approximately 11% more than a female mortgage processor for performing the same job.

Average Salary by Gender Chart in Vietnam

Male
103,561,000 VND
Female -11%
92,998,400 VND

Mortgage Processor Average Pay Raise in Vietnam

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Mortgage Processor in Vietnam is around 12% every 15 months.

The national average pay raise across all professions and industries in Vietnam is around 9% every 17 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 12 ÷ 15 ) × 12  = 10%

What this means is that a Mortgage Processor in Vietnam can expect to receive an average pay raise of around 10% every 12 months.

Annual Pay Raise by Industry in Vietnam for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Vietnam.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Mortgage Processor Bonus and Incentive Rates in Vietnam

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Mortgage Processor is a low bonus based job, with 25% of employees reporting at least one bonus in the last 12 months.

75% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 1% to 3%.

Received Bonus
25%
No Bonus
75%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Vietnam earn approximately 9% more than private sector employees in the same role.

Public Sector
213,601,200 VND
Private Sector -9%
196,799,500 VND

Salaries for Jobs Similar to a Mortgage Processor

In the table below, we have salary information for jobs that are similar to a Mortgage Processor in Vietnam.

Job Title Category Salary
AML Analyst Banking 330,000,500 VND
Assistant Bank Branch Manager Banking 268,801,500 VND
Assistant Bank Manager Banking 347,998,900 VND
ATM Manager Banking 304,798,100 VND
ATM Service Technician Banking 87,001,300 VND
Bank Accounts Analyst Banking 116,521,600 VND
Bank Accounts Collector Banking 71,039,200 VND
Bank Accounts Controller Banking 148,800,300 VND
Bank Accounts Executive Banking 229,198,300 VND
Bank Accounts Manager Banking 274,800,400 VND
Bank Auditing Manager Banking 262,800,400 VND
Bank Branch Manager Banking 389,999,800 VND
Bank Branch Operations Coordinator Banking 163,201,300 VND
Bank Clerk Banking 71,280,900 VND
Bank Client Service Associate Banking 100,679,100 VND
Bank Collector Banking 74,639,200 VND
Bank Compliance Specialist Banking 202,799,300 VND
Bank Manager Banking 451,200,600 VND
Bank Operational Risk Manager Banking 453,600,600 VND
Bank Operations Head Banking 428,401,700 VND
Bank Operations Officer Banking 166,799,600 VND
Bank Operations Specialist Banking 265,200,200 VND
Bank Process Manager Banking 253,201,100 VND
Bank Product Manager Banking 283,199,800 VND
Bank Programme Manager Banking 292,800,300 VND
Bank Project Manager Banking 334,798,200 VND
Bank Propositions Manager Banking 320,398,300 VND
Bank Quantitative Analyst Banking 219,601,200 VND
Bank Regional Manager Banking 462,001,300 VND
Bank Regional Risk Officer Banking 223,198,300 VND
Bank Relationship Manager Banking 316,799,800 VND
Bank Relationship Officer Banking 144,001,700 VND
Bank Teller Banking 79,679,400 VND
Banker Banking 154,800,100 VND
Banking Business Analyst Banking 231,599,000 VND
Banking Business Development Officer Banking 141,598,200 VND
Banking Business Planning Executive Banking 331,199,700 VND
Banking Product Manager Banking 296,400,500 VND
Banking Reference Data Manager Banking 248,398,700 VND
Banking Risk Analyst Banking 226,800,200 VND
Banking Technical Analyst Banking 117,001,300 VND
Bankruptcy Coordinator Banking 163,201,300 VND
Bill and Account Collector Banking 83,521,700 VND
Budget Analyst Banking 229,198,300 VND
Capital Risk Manager Banking 411,601,400 VND
Cards Marketing Manager Banking 274,800,400 VND
Cash Management Manager Banking 409,198,500 VND
Check Processing Manager Banking 284,398,600 VND
Commercial Vault Associate Banking 224,398,200 VND
Corporate Banker Banking 169,198,600 VND
Corporate Dealer Banking 241,199,300 VND
Credit Analyst Banking 171,598,600 VND
Credit and Collections Manager Banking 309,601,700 VND
Credit Card Fraud Investigator Banking 246,000,200 VND
Credit Portfolio Manager Banking 408,000,400 VND
Credit Risk Analyst Banking 249,599,700 VND
Credit Risk Associate Banking 236,398,300 VND
Direct Bank Sales Representative Banking 158,398,200 VND
Exchange Control Consultant Banking 252,000,400 VND
Executive Account Analyst Banking 232,799,400 VND
Financial Bank Planning Consultant Banking 283,199,800 VND
Financial Banking Analysis Manager Banking 352,799,800 VND
Financial Banking Assistant Banking 107,161,400 VND
Financial Banking Systems Manager Banking 318,000,500 VND
Foreign Exchange Manager Banking 318,000,500 VND
Fraud Analyst Banking 241,199,300 VND
Fraud Detection Associate Banking 163,201,300 VND
Fraud Detection Manager Banking 370,798,400 VND
Fraud Detection Supervisor Banking 205,201,300 VND
Internal Bank Audit Manager Banking 415,198,100 VND
Internal Bank Auditor Banking 229,198,300 VND
Internal Private Banker Banking 162,000,100 VND
International Banking Manager Banking 453,600,600 VND
Investment Banking Analyst Banking 321,599,700 VND
Loan Analyst Banking 235,200,900 VND
Loan Area Manager Banking 278,400,900 VND
Loan Audit Team Leader Banking 260,400,500 VND
Loan Branch Manager Banking 267,601,100 VND
Loan Business Development Officer Banking 135,600,300 VND
Loan Clerk Banking 81,840,300 VND
Loan Collection and Recovery Manager Banking 269,998,100 VND
Loan Collection Manager Banking 286,800,900 VND
Loan Collector Banking 76,199,500 VND
Loan Examiner Banking 95,161,700 VND
Loan Officer Banking 90,958,900 VND
Loan Processing Manager Banking 243,598,200 VND
Loan Processor Banking 105,600,200 VND
Loan Quality Assurance Auditor Banking 221,999,600 VND
Loan Quality Assurance Manager Banking 256,799,900 VND
Loan Quality Assurance Representative Banking 177,599,600 VND
Loan Review Manager Banking 250,801,100 VND
Loan Team Leader Banking 232,799,400 VND
Loans Manager Banking 292,800,300 VND
Mortgage Advisor Banking 165,599,600 VND
Mortgage Collection Manager Banking 262,800,400 VND
Mortgage Collector Banking 75,838,700 VND
Mortgage Credit Analyst Banking 115,560,900 VND
Mortgage Credit Manager Banking 252,000,400 VND
Mortgage Development Manager Banking 299,999,800 VND
Mortgage Document Reviewer Banking 95,639,500 VND
Mortgage Funding Manager Banking 293,999,200 VND
Mortgage Operations Manager Banking 385,198,500 VND
Mortgage Payment Processing Clerk Banking 88,199,100 VND
Mortgage Processing Manager Banking 269,998,100 VND
Mortgage Quality Assurance Auditor Banking 236,398,300 VND
Mortgage Quality Assurance Manager Banking 254,401,100 VND
Mortgage Servicing Clerk Banking 79,679,400 VND
Mortgage Servicing Manager Banking 261,598,900 VND
Mortgage Underwriter Banking 98,400,200 VND
Online Banking Manager Banking 399,598,300 VND
Payment Processing Clerk Banking 84,479,000 VND
Personal Banker Banking 165,599,600 VND
Personal Banking Advisor Banking 164,398,100 VND
Phone Banker Banking 109,559,500 VND
Private Banker Banking 162,000,100 VND
Reconciliation and Investigation Specialist Banking 190,800,100 VND
Tax Officer Banking 131,998,300 VND
Teller Banking 76,921,100 VND
Trade Officer Banking 94,440,800 VND
Trade Product Manager Banking 280,800,800 VND
Trader Banking 110,280,700 VND
Treasury Operations Officer Banking 200,401,500 VND

Salary Comparison by City

If you want to compare salaries with different cities in Vietnam, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Da Nang 102,840,200 VND
Ha Noi 103,561,000 VND
Hai Phong 97,321,300 VND
Thanh Pho Ho Chi Minh 110,639,600 VND

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