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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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