This paper assesses the typhoon losses and income effect of weather variability in Vietnam by using multi-variable regression method with panel data. The income models show that extremely hot weather and widespread rains reduce sector income. The results also indicate that widespread rains decrease income in all five income quintiles. The results imply that the government needs to have financial policies in place that help sectors and people prevent and mitigate damages caused by extremely hot weather and widespread rains. The results indicate that typhoons in Vietnam often cause widespread flooding that damage not only properties but also human losses. The results show the coastal region of Ninh Thuan – Ca Mau and The Mekong River Delta are vulnerable to typhoons. The government needs to focus effective support policies to help people in two regions to mitigate the effect of typhoons. In addition, the government and insurance enterprises can offer weather insurance against weather variability, especially natural hazard insurance, such as typhoon insurance, flooding insurance, etc.

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