Since housing is a big money while their income is still low, moving to another place seems to be inapplicable. Doing almost nothing and leaning on the public projects are still the main strategy. | Journal of Asian Business and Economic Studies Volumn 25, Special Issue 02 (2018), 112–128 Journal of Asian Business and Economic Studies Household investment behavior toward urban flooding adaptation in Ho Chi Minh City LE THANH NHAN a a University of Economics Ho Chi Minh City ARTICLE INFO ABSTRACT Received: 14 Jul, 2017 An investigation about the adaptive capacity of residents in Ho Chi Minh City when facing the flooding problems which have frequently happened in recent years. Although the government has spent a lot of money in the drainage system, and the situation has been reported to be better, a high proportion of surveyed people said that the improvement is just local; however, the whole city still needs more effort to control flooding. Households living closely to frequently flood-prone usually consider two main measures to protect themselves from the flood: Floor elevation or dry-proof investment. Since housing is a big money while their income is still low, moving to another place seems to be inapplicable. Doing almost nothing and leaning on the public projects are still the main strategy. Revised: 29 Aug, 2017 Accepted 2 Oct, 2018 Available online JEL classification: Q54, R29, D10 Keywords Urban floods; Adaptation; Household investment. a nhanlt@ Please cite this article as: Le, T. N. (2018). Household investment behavior toward urban flooding adaptation in Ho Chi Minh City. Journal of Asian Business and Economic Studies, 25(Special Issue 02), 112–128 Le Thanh Nhan / JABES Vol. 25(Special Issue 02), 2018, 112–128 1. Introduction As the biggest and most important center in Vietnam, Ho Chi Minh City (HCMC) has a population of 8 million with a density of 3,800 people per kilometer square. Rapid economic development is one of the good signs of this city, but many other problems also occurred when the development of infrastructure cannot catch up with the speedy urbanization rate of HCMC. The .
