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

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

Nam Xuan Vo, Tram Thi Huyen Nguyen, Pol Van Nguyen, Quang Vinh Tran, Trung Quang Vo

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. 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. We also found the differences in WTP according to sex, living area, monthly income, and the level of self-rated risk of COVID-19. Our findings possibly contribute to the implementation of a pricing policy when the COVID-19 vaccine is introduced in Vietnam.

2021

Vietnam, covid-19, Vaccination, willingness to pay, contingent valuation method

10.1016/j.vhri.2021.01.002

Value in health regional issues