The Report Covers the Car Rental Industry in Vietnam, and the Market is Segmented by Booking Type (Offline and Online), Rental Duration Type (Short-Term and Long-Term), and Application Type (Tourism and Commuting). The Market Size and Forecast for all the Above Segments are Provided in Value (USD).

The number of users in the 'Car Rentals' segment of the shared mobility market in Vietnam was forecast to continuously increase between 2025 and 2029 by in total 1.9 million users (+23.28 percent). After the eighth consecutive increasing year, the number of users is estimated to reach 10.09 million users and therefore a new peak in 2029. Find further information concerning the revenue in the 'Ride-hailing' segment of the shared mobility market in Vietnam and the ARPU in the 'Bus Tickets' segment of the shared mobility market in Austria. The Statista Market Insights cover a broad range of additional markets.

The Vietnam car hire industry, valued at $680 million in 2025, is experiencing robust growth, projected to expand at a Compound Annual Growth Rate (CAGR) of 13.82% from 2025 to 2033. This expansion is fueled by several key factors. Firstly, a burgeoning tourism sector, with increasing numbers of both domestic and international travelers seeking convenient and independent exploration options, significantly boosts demand. Secondly, the rising middle class in Vietnam is driving increased personal disposable income, leading to higher car rental utilization for leisure and business travel. The growth of online booking platforms further simplifies the rental process, expanding accessibility and driving market growth. While the industry benefits from these positive trends, challenges remain. Infrastructure limitations in certain areas, particularly in less developed regions, might pose constraints on market expansion. Furthermore, intensifying competition among established players like Vinasun, Mai Linh Group, and Grab, alongside international entrants like Hertz and Avis, necessitates strategic pricing and service differentiation to maintain market share. The industry segmentation reveals a dynamic landscape, with online bookings gaining traction over offline methods, and short-term rentals dominating, though long-term rentals are gradually increasing in importance, particularly driven by business needs. The competitive landscape is characterized by a mix of local giants and global players. Local companies like Vinasun and Mai Linh have strong brand recognition and established networks, while international players bring global expertise and branding. The presence of ride-hailing services like Grab and Gojek further complicates the market, blurring lines between traditional car rental and on-demand transportation. The future success of companies within this sector depends on their ability to adapt to the evolving technological landscape, offer competitive pricing and superior customer service, and effectively address infrastructure limitations to cater to the growing demand from both tourists and the expanding Vietnamese middle class. The long-term outlook for the Vietnam car hire industry remains positive, with sustained growth expected throughout the forecast period, contingent on addressing existing challenges and capitalizing on emerging opportunities. Recent developments include: September 2023: The Government of Vietnam had set a strategic vision for electric vehicle deployment and transportation sector decarbonization by approving the Action Program for green energy transition and carbon dioxide and methane emissions mitigation in transportation.May 2023: Ahamove, the on-demand transportation application in Vietnam, launched a self-driving electric car rental service for tourists to Da Nang, with the addition of electric cars in its fleet like VinFast VF e2 and VinFast VF34.. Key drivers for this market are: Increasing Penetration of Electric Vehicles for Rental Fuels. Potential restraints include: Increasing Penetration of Electric Vehicles for Rental Fuels. Notable trends are: Online Segment Holds the Highest Share.

The Vietnam car rental market was valued at USD 781.20 Million in 2024. The industry is expected to grow at a CAGR of 14.00% during the forecast period of 2025-2034 to attain a valuation of USD 2896.08 Million by 2034.

Car Rental (hiring of a passenger vehicle, which includes cars and small vans, by both business and leisure travelers for short term duration; excluding leasing and long term rentals) has evolved intensely in the very recent years and is also expected to evolve in similar fashion in the near future. The report Car Rentals Market in Vietnam to 2020: Fleet Size, Rental Occasion and Days, Utilization Rate and Average Revenue Analytics provides deep dive data analytics on wide ranging Car Rental market aspects including overall market value by customer type – Business and Leisure, by point of rental – Airport and Non-Airport, Insurance / Temporary Replacement Revenue from Car Rentals, Car Rental Occasion, Days and Length for the period 2001 to 2015. Furthermore, the report also details out Fleet Size (number of operational cars available for short term rental for the purpose of business, leisure, and insurance replacement) for the period 2011 to 2020 along with Utilization Rate and Average Revenue per Day from the Car Rental business in Vietnam. The report acts as an essential tool for companies active or plans to venture in to the Vietnam’s Car Rental market. The comprehensive statistics within the report provides insight into the operating environment of the market and also ensures right business decision making based on historical trends and industry model based forecasting. This is an on-demand report and will be delivered within 2 working days (excluding weekends) of the purchase. Read More

The number of users in the 'Car Rentals' segment of the shared mobility market in Indonesia was forecast to continuously increase between 2025 and 2029 by in total three million users (+23.18 percent). After the eighth consecutive increasing year, the number of users is estimated to reach 15.91 million users and therefore a new peak in 2029. Find further information concerning the revenue in the shared mobility market in El Salvador and the number of users in the 'Ride-hailing' segment of the shared mobility market in Vietnam. The Statista Market Insights cover a broad range of additional markets.

Car Rental (hiring of a passenger vehicle for self drive, which includes cars and small vans, by both business and leisure travelers for short term duration; excluding leasing and long term rentals) market has evolved intensely in the very recent years and is also expected to evolve in similar fashion in the near future. The report Car Rentals (Self Drive) Market in Vietnam to 2024: Fleet Size, Rental Occasion and Days, Utilization Rate and Average Revenue Analytics provides deep dive data analytics on wide ranging Car Rental market aspects including overall market value by customer type – Business and Leisure, by point of rental – Airport and Non-Airport, Insurance / Temporary Replacement Revenue, Car Rental Occasion, Days and Length for the period 2015 to 2019. Read More

Vietnam Car Rental Market size was valued at USD 610.5 Million in 2024 and is projected to reach USD 1,834.2 Million by 2032, growing at a CAGR of 12.8 % from 2025 to 2032.

The Vietnam car rental market is driven by rising tourism, increasing urbanization, and a growing middle class with higher disposable income. Business travel and corporate leasing also fuel demand, while the expansion of ride-hailing services and digital platforms enhances accessibility and convenience.

Additionally, government investments in infrastructure and improved road networks boost car rental adoption. The shift towards electric and eco-friendly vehicles, along with flexible rental options, further accelerates market growth.

The ASEAN car rental market is experiencing robust growth, projected to reach $2.58 billion in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 15.70% from 2025 to 2033. This expansion is driven by several key factors. The rise of tourism in Southeast Asia, particularly among budget-conscious travelers seeking flexible transportation options, significantly fuels market demand. Increased urbanization and growing middle classes in countries like Indonesia, Vietnam, and Thailand are further bolstering the need for convenient short-term and long-term car rentals for both personal and business travel. The burgeoning online booking platforms are simplifying the rental process, improving accessibility and transparency, contributing significantly to this growth. While regulatory hurdles and infrastructural limitations in certain regions might pose some challenges, the overall positive economic outlook and the increasing adoption of technology within the car rental industry are expected to mitigate these constraints. The market segmentation reveals diverse opportunities. Online bookings are rapidly gaining traction, surpassing offline methods as consumers prioritize convenience and competitive pricing. Short-term rentals dominate the market due to tourist demand, while long-term rentals are witnessing growth due to the rising needs of expatriates and business travelers. The tourism sector remains the largest application segment, although the commuting segment is expected to show significant growth in the coming years, particularly in major cities across the region. Key players like INDORENT, Blue Bird Group, and Tribecar Pte Ltd are leveraging technology and expanding their service offerings to capture market share in this competitive landscape. Indonesia and Vietnam are likely to be the leading markets due to their large populations and growing economies. However, all ASEAN countries are expected to witness substantial growth over the forecast period. Recent developments include: February 2024: Sime Darby Auto Bavaria entered into a partnership with Sime Darby Rent-A-Car (SDRAC) - Hertz Malaysia to introduce luxury electric cars for rental service. This collaboration enabled the company to enhance its vehicle fleet and extend its car rental offerings nationwide., November 2023: Green Motion, an international brand in the car rental industry, announced a significant achievement in its global expansion plan. The expansion was facilitated by a master franchise partnership with Lokman Hakim Ibrahim, an enterprising and independent entrepreneur with expertise in the car rental sector.. Key drivers for this market are: Rise in Tourism is Driving the Market's Growth. Potential restraints include: Rise in Tourism is Driving the Market's Growth. Notable trends are: Online Booking Segment Driving Market Growth.

Car Rental (hiring of a passenger vehicle for self drive, which includes cars and small vans, by both business and leisure travelers for short term duration; excluding leasing and long term rentals) market has evolved intensely in the very recent years and is also expected to evolve in similar fashion in the near future. The report Car Rentals (Self Drive) Market in Vietnam to 2023: Fleet Size, Rental Occasion and Days, Utilization Rate and Average Revenue Analytics provides deep dive data analytics on wide ranging Car Rental market aspects including overall market value by customer type – Business and Leisure, by point of rental – Airport and Non-Airport, Insurance / Temporary Replacement Revenue, Car Rental Occasion, Days and Length for the period 2014 to 2018. Read More

Significant fluctuations are estimated for all segments over the forecast period for the number of users. Only in the segment Shared Rides, a significant increase can be observed over the forecast period. In this segment, the indicator exhibits a difference of 7.81 million users between 2018 and 2028. The Statista Market Insights cover a broad range of additional markets.

The ASEAN Car Rental Market Report is Segmented by Booking Type (Offline and Online), Rental Duration Type (Short Term and Long Term), Application Type (Tourism and Commuting), and Country (Vietnam, Indonesia, Malaysia, Thailand, Singapore, and the Rest of Southeast Asia). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

The Southeast Asia Tourism Vehicle Rental Market report segments the industry into By Vehicle Type (Passenger Car, Commercial Vehicles), By Booking Type (Online Booking, Offline Booking), By Rental Duration (Short-Term Rental, Long-Term Rental), By Driving Type (Self-Driven, Chauffeur-Driven), and By Country (Indonesia, Thailand, Vietnam, Singapore, Philippines, Malaysia, Other Countries).

This dataset provides information on 3 in District 4, Ho Chi Minh City, Vietnam as of June, 2025. It includes details such as email addresses (where publicly available), phone numbers (where publicly available), and geocoded addresses. Explore market trends, identify potential business partners, and gain valuable insights into the industry. Download a complimentary sample of 10 records to see what's included.

Over the last two observations, the number of users is forecast to significantly increase in all segments. As part of the positive trend, the user number reaches the maximum value for all two different segments at the end of the comparison period. Particularly noteworthy is the segment Shared Vehicles, which has the highest value of 1.1 billion individuals.Find further similar statistics regarding the shared mobility market in countries or regions like Vietnam, Russia, and Indonesia.

This dataset provides information on 52 in Phu Quoc, Kien Giang, Vietnam as of June, 2025. It includes details such as email addresses (where publicly available), phone numbers (where publicly available), and geocoded addresses. Explore market trends, identify potential business partners, and gain valuable insights into the industry. Download a complimentary sample of 10 records to see what's included.

This dataset provides information on 30 in Liên Chiểu, Đà Nẵng, Vietnam as of June, 2025. It includes details such as email addresses (where publicly available), phone numbers (where publicly available), and geocoded addresses. Explore market trends, identify potential business partners, and gain valuable insights into the industry. Download a complimentary sample of 10 records to see what's included.

Báo cáo bao gồm Thị trưỠng cho thuê ô tô Việt Nam, Thị trưỠng ô tô cho thuê sân bay tại Việt Nam, Thuê ô tô tại Việt Nam, Cho thuê ô tô tại Việt Nam.

This dataset provides information on 11 in Giao Thủy District, Nam Dinh, Vietnam as of June, 2025. It includes details such as email addresses (where publicly available), phone numbers (where publicly available), and geocoded addresses. Explore market trends, identify potential business partners, and gain valuable insights into the industry. Download a complimentary sample of 10 records to see what's included.

This dataset provides information on 15 in Duy Xuyên District, Quảng Nam, Vietnam as of May, 2025. It includes details such as email addresses (where publicly available), phone numbers (where publicly available), and geocoded addresses. Explore market trends, identify potential business partners, and gain valuable insights into the industry. Download a complimentary sample of 10 records to see what's included.