Natural Disasters and Firms in Vietnam

27 Pages Posted: 6 Aug 2018

See all articles by Tam Bang Vu

Tam Bang Vu

University of Hawaii at Hilo

Ilan Noy

Victoria University of Wellington

Date Written: August 2018

Abstract

We investigate the consequences of natural disasters on operating firms in Vietnam, and find evidence of adverse effects of disasters on retail sales accompanied by increases in firm investment of very similar magnitude. There are important spatial differences, with the post‐disaster increase in investment unique to the largest cities and provinces with large urban concentrations. We find that more remote rural areas, especially in the North, experience declines in firm sales without the mitigating boost to investment in the disasters’ aftermath. The decline in firms’ sales does not appear to be associated with declines in household incomes in those regions.

Suggested Citation

Vu, Tam Bang and Noy, Ilan, Natural Disasters and Firms in Vietnam (August 2018). Pacific Economic Review, Vol. 23, Issue 3, pp. 426-452, 2018, Available at SSRN: https://ssrn.com/abstract=3226041 or http://dx.doi.org/10.1111/1468-0106.12184

Tam Bang Vu (Contact Author)

University of Hawaii at Hilo ( email )

200 W. Kāwili St.
Hilo, HI 96720-4091

Ilan Noy

Victoria University of Wellington ( email )

P.O. Box 600
Wellington, 6140
New Zealand

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