Does the Value of Water-Related Ecosystem Services Capture Water Scarcity? Application to Rice Farming in the Mekong Delta of Vietnam?

Nguyen H. D. My, Nguyen Duc Kien, Pham Xuan Hung and Le Thi Quynh Anh
Additional contact information
Nguyen H. D. My: Faculty of Economics and Development Studies, University of Economics, Hue University, Hue City, Vietnam
Nguyen Duc Kien: Faculty of Economics and Development Studies, University of Economics, Hue University, Hue City, Vietnam
Pham Xuan Hung: Faculty of Economics and Development Studies, University of Economics, Hue University, Hue City, Vietnam
Le Thi Quynh Anh: Faculty of Economics and Development Studies, University of Economics, Hue University, Hue City, Vietnam

Water Economics and Policy (WEP), 2024, vol. 10, issue 01, 1-37

Abstract: This study utilized the contingent valuation method to estimate the value of water-related ecosystem services (ES) in Vietnam, focusing on provisioning and regulating services for addressing water scarcity (WS) in rice farming. By incorporating gender and climate change perceptions, it expanded the existing literature on valuing river ecosystem services. The findings showed a significant number of households experiencing severe water scarcity in the past five years, with over 70% facing occasional or regular WS in the last 12 months. Rice farmers were willing to adopt coping measures and preventive practices to preserve water-related ES, recognizing their importance for sustaining rice cultivation. Farmers demonstrated willingness to contribute financially to restore and maintain water-related ES in rivers and canals. The median willingness to pay for restoration was VND188,300/ha, with estimated values of US$2,898,133 for a 10% affected area and US$23,185,068 for an 80% affected area over five years. Perception of WS severity and associated risk positively influenced households’ decisions to contribute financially. These findings have policy implications and provide insights for effective coping strategies against WS, enhancing water-resilient agriculture in the Lower Mekong Basin.

Keywords: Ecosystem services; water scarcity; rice production; WTP; Mekong delta of Vietnam; Lower Mekong (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S2382624X23500066
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:wepxxx:v:10:y:2024:i:01:n:s2382624x23500066

Ordering information: This journal article can be ordered from

DOI: 10.1142/S2382624X23500066

Access Statistics for this article

Water Economics and Policy (WEP) is currently edited by Ariel Dinar

More articles in Water Economics and Policy (WEP) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().