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Theoretical and Practical Issues of Research on the Consumption Needs for Safe Foods in Vietnam Using the Willingness to Pay Model
,
Nguyen Van Phuong
1
,
and
Tran Quang Trung
1
1Faculty of Accounting and Business Management, Vietnam National University of Agriculture, Hanoi 131000, Vietnam
Received: Jun 11, 2020 /
Revised: Sep 8, 2021 /
Published: Mar 5, 2021
Main Article Content
Abstract
Research on consumer needs for safe foods under the willingness to pay (WTP) approach based on consumer behavior has been performed widely and has contributed greatly to the development of safe foods, assisted enterprises’ decision-making processes in improving agricultural and food products, and provided orientation to policymakers in improving public health as well as in fostering sustainable economic growth. Some of the methods used for measuring WTP for safe foods, such as contingent value (CV), choice experiment (CE), and auction experiment (AE), have made significant contributions to the evaluation of consumers’ WTP for food safety. Moreover, the application of these models has helped to estimate the effects of many factors such as demography, consumer habits, continuation of food safety, individual characteristics, promotion, and product attributes, etc., on the WTP for food safety. The trend of safe food consumption in Vietnam has distinct characteristics, some of which come from national cultural identities; therefore, Vietnamese researchers may approach the empirical studies on this issue all over the world in order to find proper methods for studying consumer needs for safe foods in Vietnam.
Keywords:
Willing to pay, Safe food, consumer need
Article Details
How to Cite
Ha, L., Phuong, N., Giam, D., & Trung, T. (2021). Theoretical and Practical Issues of Research on the Consumption Needs for Safe Foods in Vietnam Using the Willingness to Pay Model. Vietnam Journal of Agricultural Sciences, 3(3), 756-770. https://doi.org/10.31817/vjas.2020.3.3.09
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References
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