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. 2021 May:24:240-246.
doi: 10.1016/j.vhri.2021.01.002. Epub 2021 Apr 23.

Using Contingent Valuation Method to Estimate Adults' Willingness to Pay for a Future Coronavirus 2019 Vaccination

Nam Xuan Vo  1 , Tram Thi Huyen Nguyen  2 , Pol Van Nguyen  3 , Quang Vinh Tran  3 , Trung Quang Vo  4
Affiliations

Using Contingent Valuation Method to Estimate Adults' Willingness to Pay for a Future Coronavirus 2019 Vaccination

Nam Xuan Vo et al. Value Health Reg Issues. 2021 May.

Abstract

Objectives: Vaccines are recognized as the most effective strategy for long-term prevention of coronavirus disease 2019 (COVID-19) because they can reduce morbidity and mortality. The purpose of the present study was to evaluate willingness to pay (WTP) for a future COVID-19 vaccination among young adults in Southern Vietnam.

Methods: A cross-sectional, descriptive, and analytic study was undertaken with data collected from a community-based survey in southern Vietnam for 2 weeks in May 2020. The contingent valuation method was used to estimate WTP for COVID-19 vaccine. The average amount that respondents were willing to pay for the vaccine was US$ 85.9 2 ± 69.01.

Results: We also found the differences in WTP according to sex, living area, monthly income, and the level of self-rated risk of COVID-19.

Conclusion: Our findings possibly contribute to the implementation of a pricing policy when the COVID-19 vaccine is introduced in Vietnam.

Keywords: COVID-19; Vietnam; contingent valuation method; vaccination; willingness to pay.

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Figures

Figure 1
Figure 1
Characteristics among participants in Southern of Vietnam, 2020 (n = 495).
Figure 2
Figure 2
Cumulative percentages of WTP for COVID-19 vaccination among different groups of (a) Total (b) gender, (c) area and (d) risk of contracting.
See this image and copyright information in PMC

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