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Using Contingent Valuation Method to Explore the Households’ Participation and Willingness to Pay for Improved Plastic Waste Management in North Vietnam

In: Contemporary Economic Issues in Asian Countries: Proceeding of CEIAC 2022, Volume 2

Author

Listed:
  • An Thinh Nguyen

    (VNU University of Economics and Business, Vietnam National University)

  • Mai Tran
  • Thuy Nguyen
  • Quy Khuc

    (VNU University of Economics and Business, Vietnam National University)

Abstract

This study aims to inquire into residents’ awareness and responses to plastic waste, and their willingness to pay for enhancing plastic waste treatment in the North of Vietnam. We employed the contingent valuation method (CVM) and randomly surveyed 525 households in 25 provinces in Northern Vietnam. Findings suggest that a majority are interested and aware of impacts of plastic waste pollution, and 76.8% are willing to contribute to a fund designated for plastic waste pollution alleviation. Residents’ willingness to pay range from VND 680,775 to VND 944,461 per household per month. Age, gender, perceived effects of waste pollution, illness due to pollution, and care of plastic waste pollution are top factors influencing the households’ voluntary financial contribution to environmental fund. This study provides several evidence-based policy recommendations to improve the quality of plastic treatment in the North of Vietnam.

Suggested Citation

  • An Thinh Nguyen & Mai Tran & Thuy Nguyen & Quy Khuc, 2023. "Using Contingent Valuation Method to Explore the Households’ Participation and Willingness to Pay for Improved Plastic Waste Management in North Vietnam," Springer Books, in: An Thinh Nguyen & Thu Thuy Pham & Joon Song & Yen-Ling Lin & Manh Cuong Dong (ed.), Contemporary Economic Issues in Asian Countries: Proceeding of CEIAC 2022, Volume 2, pages 219-237, Springer.
    • Handle: RePEc:spr:sprchp:978-981-99-0490-7_14
    DOI: 10.1007/978-981-99-0490-7_14
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    References listed on IDEAS

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    1. Stefan Salhofer & Aleksander Jandric & Souphaphone Soudachanh & Thinh Le Xuan & Trinh Dinh Tran, 2021. "Plastic Recycling Practices in Vietnam and Related Hazards for Health and the Environment," IJERPH, MDPI, vol. 18(8), pages 1-13, April.
    2. Quan-Hoang Vuong, 2021. "The semiconducting principle of monetary and environmental values exchange," Economics and Business Letters, Oviedo University Press, vol. 10(3), pages 284-290.
    3. Quan-Hoang Vuong & Tam-Tri Le & Viet-Phuong La & Huyen Thanh Thanh Nguyen & Manh-Toan Ho & Quy Khuc & Minh-Hoang Nguyen, 2022. "Covid-19 vaccines production and societal immunization under the serendipity-mindsponge-3D knowledge management theory and conceptual framework," Palgrave Communications, Palgrave Macmillan, vol. 9(1), pages 1-12, December.
    4. Sudipta Bhawal Mukherji & Makiko Sekiyama & Takashi Mino & Bharati Chaturvedi, 2016. "Resident Knowledge and Willingness to Engage in Waste Management in Delhi, India," Sustainability, MDPI, vol. 8(10), pages 1-14, October.
    5. Khuc, Quy Van & Nong, Duy & Phu Vu, Tri, 2022. "To pay or not to pay that is the question - for air pollution mitigation in a world’s dynamic city: An experiment in Hanoi, Vietnam," Economic Analysis and Policy, Elsevier, vol. 74(C), pages 687-701.
    6. Richard T. Carson, 2012. "Contingent Valuation: A Practical Alternative When Prices Aren't Available," Journal of Economic Perspectives, American Economic Association, vol. 26(4), pages 27-42, Fall.
    7. Raheel Anjum, 2013. "Willingness to Pay for Solid Waste Management Services: A Case Study of Islamabad," CEECC Working Paper 2013:03, Pakistan Institute of Development Economics.
    8. Khuc, Quy Van, 2021. "Primary data survey: a step-by-step procedure for researchers in social sciences and humanities," OSF Preprints qpa9t, Center for Open Science.
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