The Vietnam Ride-Hailing Market report segments the industry into Vehicle Type (Passenger Cars, Motorcycles), Propulsion Type (Internal Combustion Engine (ICE), Electric), and Province (Hanoi, Ho Chi Minh, Binh Duong, Dong Nai, Ba Ria-Vung Tau, Hai Phong, Quang Ninh, Bac Ninh, Thanh Hoa, Nghe An, Other Provinces). Get five years of historical data alongside five-year market forecasts.

The revenue in the 'Ride-hailing' segment of the shared mobility market in Vietnam was modeled to stand at 1.76 billion U.S. dollars in 2024. Between 2017 and 2024, the revenue rose by 776.54 million U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The revenue will steadily rise by 959.47 million U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Ride-hailing.

The Vietnam ride-hailing market is booming, projected to reach $3.6 billion by 2033 with a 19.5% CAGR. Explore market size, key players (Grab, Gojek, Be Group), growth drivers, and regional analysis in this comprehensive report. Discover investment opportunities in this rapidly expanding Southeast Asian market. Recent developments include: March 2024: Following successful launches in Vientiane and the tourist town of Vang Vieng, Xanh SM Laos officially expanded its electric taxi service to Savannakhet Province. This marks Xanh SM’s next step in brand development and the company’s continued commitment toward promoting electric vehicles and environmental protection worldwide., January 2024: Mai Linh Corporation expanded its services in Hanoi, Da Nang, and DongNai to further strengthen its legacy in the ride-hailing market., October 2023: Gojek, the Indonesian technology firm, announced its expansion into Binh Duong (Di An, Thuan An, and Thu Dau Mot) and Dong Nai (Bien Hoa) provinces, situated as neighboring cities to Ho Chi Minh City (HCMC)., June 2023: VinFast announced the launch of VF 3, a mini electric car model designed for the Vietnamese market. The VinFast VF 3, categorized as a mini car, presents various advantages, rendering it appropriate for diverse applications and conditions.. Key drivers for this market are: Increased Travel and Tourism to Provide Long-term Momentum in Market, Increased Internet and Smartphone Penetration to Drive Market Demand. Potential restraints include: Increased Travel and Tourism to Provide Long-term Momentum in Market, Increased Internet and Smartphone Penetration to Drive Market Demand. Notable trends are: Passenger Cars will Continue to be the Largest Segment.

In 2019, Grab was the leading ride-sharing platform in Vietnam with ** percent of the market share. Founded in Singapore in 2012, Grab offers transportation, food delivery, and digital payment services via its mobile app. Ride-hailing market in Vietnam Alongside its economic development and the growing internet economy, Vietnam has one of the highest ride-hailing market values within the Southeast Asia region. While Grab has consistently held a prominent part of the market share, other brands have been expanding their portfolios to compete with the market leader. For instance, the Indonesian platform Gojek has expanded its ride-hailing service to include a car-sharing option in addition to bike hailing in early 2021. In the meantime, Vietnamese brand be Group recently partnered up with local taxi brands across the country to launch its beTaxi service. Impact of the COVID-19 pandemic on the ride-hailing market The COVID-19 pandemic has negatively impacted the global mobility market, including in Vietnam. The spending intention on transportation among Vietnamese consumers decreased drastically during the major outbreak in July 2020 compared to pre-pandemic levels. During lockdowns imposed by the government, the demand for mobility reduced significantly, and ride-hailing services were not spared. For instance, the number of Grab rides went down by over ** percent in the first half of 2020. On the other hand, the revenue of the ride-hailing segment was forecasted to recover together with Vietnam’s economic recovery.

Vietnam Ride Hailing Market size was valued at USD 2.14 Billion in 2024 and is projected to reach USD 8.61 Billion by 2032, growing at a CAGR of 19% during the forecast period 2026-2032.

Vietnam Ride Hailing Market Drivers

1. Traffic congestion and rapid urbanisation Traffic congestion is a result of the fast urbanisation of Vietnam's cities, especially Hanoi and Ho Chi Minh City. As a practical substitute for own automobiles and conventional taxis, ride-hailing services have become more popular as a result.

2. Increasing Internet Access & Smartphone Penetration More customers have access to mobile ride-hailing apps thanks to rising smartphone usage and internet penetration rates of over 70%. The market's growth is fuelled by this accessibility.

3. Growing Number of Middle-Class People and Their Disposable Income In contrast to more conventional modes of transportation, ride-hailing services are preferred by Vietnam's expanding middle class because they are more economical, comfortable, and dependable.

4. Development of the Digital Economy and Cashless Payments The use of digital banking and e-wallets (such as MoMo, ZaloPay, and VietQR) has simplified cashless transactions, increasing the efficiency and accessibility of ride-hailing.

Vietnam ride hailing market size reached USD 800 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 4,300 Million by 2033, exhibiting a growth rate (CAGR) of 17.6% during 2025-2033. Continuous innovation and diversification of ride hailing services, favorable government regulations and policies, and investments in safety and security measures represent some of the key factors driving the market.

The Vietnam Taxi Market Report Segments the Industry Into Propulsion Type (Internal Combustion Engine (ICE) and Electric and Hybrid), and Province (Ho Chi Minh City, Ha Noi, Quang Ninh, Binh Duong, Vung Tau, Dong Nai, Bac Ninh, Da Nang, Thanh Hoa, Thai Nguyen, Vinh Phuc, Can Tho, Hung Yen, Phu Tho, Ninh Binh, Hue, and More). Five Years of Historical Data and Forecasts are Included.

The revenue change in the 'Ride-hailing' segment of the shared mobility market in Vietnam was modeled to be ***** percent in 2024. Between 2018 and 2024, the revenue change rose by **** percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The revenue change is forecast to decline by **** percentage points from 2024 to 2030, fluctuating as it trends downward.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Ride-hailing.

The arpu in the 'Ride-hailing' segment of the shared mobility market in Vietnam was modeled to stand at ***** U.S. dollars in 2024. From 2017 to 2024, the arpu rose by ***** U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the arpu will rise by ***** U.S. dollars, showing an overall upward trend with periodic ups and downs.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Ride-hailing.

Vietnam Taxi Market size was valued at USD 2.1 Billion in 2024 and is projected to reach USD 3.9 Billion by 2032, growing at a CAGR of 7.8% from 2026 to 2032.

Key Market Drivers:

Rising Urbanization and Mobility Needs: Vietnam is experiencing rapid urbanization, with the General Statistics Office reporting in 2023 that approximately 38.2% of the population now resides in urban areas, up from 34.5% in 2020. As cities grow, the demand for efficient, accessible transportation services rises. Major taxi operators like Mai Linh and Vinasun are expanding their fleets to cater to the increasing need for urban mobility. Additionally, these companies are investing in digital solutions, allowing passengers to book rides via mobile apps.

The number of users in the 'Ride-hailing' segment of the shared mobility market in Vietnam was modeled to be ************* users in 2024. Following a continuous upward trend, the number of users has risen by ************ users since 2017. Between 2024 and 2030, the number of users will rise by ************ users, continuing its consistent upward trajectory.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Ride-hailing.

The penetration rate in the 'Ride-hailing' segment of the shared mobility market in Vietnam was modeled to amount to ***** percent in 2024. Following a continuous upward trend, the penetration rate has risen by **** percentage points since 2017. Between 2024 and 2030, the penetration rate will rise by **** percentage points, continuing its consistent upward trajectory.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Ride-hailing.

The Vietnam Two-Wheeler Taxi And Express Delivery Service Market report segments the industry into Vehicle Type (Scooters/Mopeds, Motorcycles), Application (Passenger Transport/Taxi, Goods Delivery), Passenger Transport/Taxi (Ride-Hailing/Online, Offline Taxi), and Province (Ho Chi Minh City, Hà Noi, Quang Ninh, Binh Duong, Vung Tàu, Dong Nai, Bac Ninh, Ðà Nang, Thanh Hóa, Thái Nguyên, Vinh Phúc, and more).

According to a survey conducted by Decision Lab, in the second quarter of 2024, Grab, a super app made by Singaporean's Grab Holdings Inc., was the leading ride-hailing app used by Vietnamese respondents, as stated by ** percent of them. The survey also revealed that Xanh SM, the first Vietnamese electric taxi service from Vingroup was used by ** percent of the respondents.

North America Ride Hailing Market was valued at USD 65.81 billion in 2024 and is expected to reach USD 92.23 billion by 2030 with a CAGR of 5.84%.

The Vietnam taxi market, valued at $500 million in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 11.80% from 2025 to 2033. This expansion is fueled by several key drivers. Rising urbanization and increasing disposable incomes within Vietnam are leading to higher demand for convenient and reliable transportation options. The burgeoning tourism sector further contributes to this growth, as visitors rely heavily on taxis for navigating unfamiliar cities. Technological advancements, particularly the rise of ride-hailing apps and online booking platforms, are transforming the industry, offering increased accessibility and efficiency. The market is segmented by booking type (offline and online), service type (ride-hailing and ride-sharing), and vehicle type (motorcycles, cars, and vans). Online booking is rapidly gaining traction, reflecting the increasing smartphone penetration and digital literacy within the country. Ride-hailing services, particularly those leveraging technology for efficient dispatch and fare calculation, are experiencing significant growth, outpacing traditional offline booking methods. The dominance of cars in the vehicle type segment is expected to continue, although the motorcycle segment remains significant, particularly in smaller cities and towns. Competition amongst key players like Grab Holdings Inc, Gojek Tech, and local companies such as Mai Linh Group and Vinasun Taxi Corp, is driving innovation and improvements in service quality. While the market presents significant opportunities, certain restraints are also at play. These include fluctuating fuel prices, which directly impact operational costs for taxi operators, and potential regulatory challenges related to the licensing and operation of ride-hailing services. Traffic congestion in major cities like Ho Chi Minh City and Hanoi also poses a significant constraint on efficiency and profitability. However, the ongoing infrastructure development and government initiatives aimed at improving urban transportation networks are expected to mitigate these challenges over the long term. The continued investment in technological solutions, combined with a growing preference for convenient and affordable transportation options, positions the Vietnam taxi market for continued, strong growth over the forecast period. Recent developments include: January 2024: Xanh SM, a new transportation brand launched in early 2023 focusing on sustainable growth, launched a short-term self-driving car rental service, Xanh SM Rentals, with electric car rental packages offering attractive price policies, and attracted more than 15 million customers after only 8 months of launch., April 2023: Green and Smart Mobility JSC (GSM) was established and launched in Vietnam as a multi-platform green transportation model. It operates with a fleet of 100% electric vehicles.. Key drivers for this market are: Rapid Urbanization and Demand for Convinient Transportation. Potential restraints include: Rapid Urbanization and Demand for Convinient Transportation. Notable trends are: Ride-hailing Services are Anticipated to Play a Key Role in the Market.

Discover the booming Vietnam taxi market! This comprehensive analysis reveals a $0.5B market in 2025, expanding at 11.8% CAGR until 2033. Learn about key drivers, trends, challenges, and leading players like Grab & Gojek. Explore market segmentation & future prospects. Recent developments include: In June 2022, Grab Holdings Inc. announced the launch of GrabMaps, a new enterprise service that will enable the company to capitalize on the USD 1 billion market opportunity for mapping and location-based services in Southeast Asia each year. GrabMaps was initially created for internal use to address Grab's need for a more hyperlocal solution to power its services.. Key drivers for this market are: Rapid Urbanization and Demand for Convinient Transportation. Potential restraints include: Traffic Congestion in Major Cities. Notable trends are: Ride-hailing Services Anticipated to Play Key role in the Market.

The Asia-Pacific rickshaw ride-hailing service market is experiencing robust growth, driven by increasing urbanization, rising disposable incomes, and the burgeoning adoption of smartphone technology. The market's convenience, affordability compared to traditional taxis, and eco-friendliness in the case of electric rickshaws are key factors fueling its expansion. A Compound Annual Growth Rate (CAGR) of 21.50% from 2019 to 2024 indicates a significant upward trajectory. While precise market size figures for 2025 are unavailable, projecting from the historical data and considering the sustained growth rate, a reasonable estimate places the market value at approximately $2.5 billion for 2025. This figure is supported by the growing number of players—including both established ride-hailing giants like Grab and Gojek, and regional startups like Mauto Electric Mobility—actively competing for market share. The market is segmented based on application (freight and passenger commuting), booking type (online and offline), payment methods (cashless and e-wallets), and propulsion type (electric and internal combustion engine). The preference for cashless transactions and the increasing availability of electric rickshaws contribute to the market's dynamism. Significant growth potential exists in less penetrated markets within the region, particularly in countries with high population density and limited public transportation options. However, challenges remain, including regulatory hurdles related to licensing and safety standards, and the need for improved infrastructure to support the expansion of electric vehicle charging networks. The dominance of major players like Grab and Gojek highlights the competitive landscape. However, the market also offers significant opportunities for smaller, localized firms specializing in specific niches, such as freight transportation or electric rickshaw services. Further growth will be determined by the success of these companies in adapting to evolving consumer demands, leveraging technological advancements, and navigating regulatory landscapes. The increasing adoption of innovative technologies such as GPS tracking, real-time fare calculation, and integrated payment systems is expected to enhance the user experience and drive market growth. The future success of the market hinges on a synergistic relationship between technological innovation, supportive government policies, and the continued expansion of e-commerce and logistics activities within the region. This market segment displays a strong growth forecast extending into 2033. This comprehensive report provides an in-depth analysis of the rapidly evolving Asia-Pacific rickshaw ride hailing service market. Covering the historical period (2019-2024), base year (2025), and forecast period (2025-2033), this study offers invaluable insights for stakeholders seeking to understand this dynamic sector. The market is segmented by application (freight and logistics, passenger commuting), booking type (online, offline), payment method (cashless, e-money/e-wallet), and propulsion type (electric, internal combustion engine). Key players like Uber, Ola Cabs, Gojek, and numerous regional players are analyzed, revealing market concentration, competitive dynamics, and future growth trajectories. This report uses data valued in the millions. Recent developments include: In 2021, Uber India announced increasing its electric vehicle fleet to 3,000 e-vehicles due to trending e-mobility and green technology trends in the country. The company also has plans to establish charging infrastructures and partnered with OEM to smoothen its operations.. Key drivers for this market are: Increasing Inclusion of E-bikes in the Sharing Fleet. Potential restraints include: Limited Infrastructure May Hinder Market Growth. Notable trends are: Rising Tourism, Leisure Traveling and Logistics Sector.

The Vietnam taxi market is booming, projected to reach $1.22 billion by 2033, with a robust CAGR of 11.80%. This report analyzes market drivers, trends, and key players like Grab and Gojek, offering insights into this dynamic sector. Discover the opportunities and challenges in this rapidly growing market. Key drivers for this market are: Rapid Urbanization and Demand for Convinient Transportation. Potential restraints include: Traffic Congestion in Major Cities. Notable trends are: Ride-hailing Services Anticipated to Play Key role in the Market.

According to a survey among consumers in Vietnam in the second quarter of 2024 by Decision Lab, Grab, a super app made by Singaporean's Grab Holdings Inc., was the ride-hailing app that was most often used by Vietnamese respondents of all surveyed respondents, as stated by ** percent of Gen X respondents, ** percent of Gen Y respondents and ** percent of Gen Z respondents. Meanwhile, the same survey revealed that XanhSM was used most frequently by ** percent of Gen Z respondents.