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 Vietnam taxi market, valued at $0.5 billion in 2025, is experiencing robust growth, projected to expand at a Compound Annual Growth Rate (CAGR) of 11.80% from 2025 to 2033. This growth is fueled by several key factors. The rising middle class in Vietnam is increasingly reliant on convenient and affordable transportation options, driving demand for taxi services. Furthermore, the rapid expansion of e-commerce and tourism contributes significantly to the sector's dynamism, with increased demand for airport transfers and deliveries. The burgeoning online booking segment is a significant driver, offering convenience and transparency to consumers, while the diversification of vehicle types, including motorcycles, cars, and vans, caters to a wider range of customer needs and preferences. Strong competition among major players like Grab Holdings Inc., Gojek Tech, and local firms like Vinasun Taxi Corp and Mai Linh Group, fosters innovation and efficiency within the market. However, challenges remain, including regulatory hurdles, infrastructure limitations in certain areas, and fluctuating fuel prices. The government's ongoing infrastructure development projects and supportive policies toward the transportation sector should mitigate some of these challenges in the coming years. The competitive landscape is shaped by a mix of international and domestic players. International companies like Grab and Gojek bring advanced technology and operational expertise, while local companies possess strong local knowledge and established networks. The ongoing investment in technological advancements, such as ride-hailing apps and improved payment systems, further enhances the market's appeal. The market segmentation, encompassing offline and online bookings, diverse service types (ride-hailing and ride-sharing), and a variety of vehicle types, offers opportunities for specialization and targeted marketing strategies. The future of the Vietnam taxi market appears bright, promising sustained growth propelled by economic expansion, technological advancements, and increasing consumer demand for reliable and convenient transportation solutions. However, navigating the competitive landscape and adapting to evolving regulatory frameworks will be crucial for sustained success. This report provides a detailed analysis of the Vietnam taxi market, covering the period from 2019 to 2033. It delves into market size, segmentation, trends, challenges, and opportunities, offering valuable insights for businesses and investors in this dynamic sector. The report uses 2025 as the base year and provides forecasts up to 2033, leveraging data from the historical period of 2019-2024. Key market players such as Grab Holdings Inc, Gojek Tech, and VinaSun Taxi Corp are analyzed in detail. High-search-volume keywords like "Vietnam ride-hailing market," "Vietnam taxi industry," "online taxi booking Vietnam," and "Vietnam transportation market" are strategically used throughout. 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.

Vietnam taxi market is valued at USD 2.1 billion, driven by urbanization, rising incomes, and ride-hailing growth. Key segments include ride-hailing services and sedans, with opportunities in electric vehicles.

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.

In 2021, the revenue of the ride-hailing and taxi business in Vietnam is estimated to increase to *** billion U.S. Dollar. At the same time, more and more sales in the market continued to be made online. Sales by this channel increased by another percent and according to the Statista Mobility Market Outlook will continue to grow at a yearly rate of *** percent until 2025 when it will make up ** percent of all sales in the Vietnamese ride-hailing and taxi market.

The Vietnam taxi market was approximately USD 0.50 Billion in 2024. The market is assessed to grow at a CAGR of 7.00% between 2025 and 2034, reaching a value of USD 0.98 Billion by 2034.

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 revenue in the 'Ride-hailing' segment of the shared mobility market in Vietnam was forecast to continuously increase between 2025 and 2029 by in total 0.6 billion U.S. dollars (+31.91 percent). After the ninth consecutive increasing year, the revenue is estimated to reach 2.46 billion U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the 'Ride-hailing' segment of the shared mobility market was continuously increasing over the past years.Find other key market indicators concerning the average revenue per user (ARPU) and number of users. The Statista Market Insights cover a broad range of additional markets.

The Vietnam ride-hailing market, valued at $880 million in 2025, is experiencing robust growth, projected to expand at a 19.5% Compound Annual Growth Rate (CAGR) from 2025 to 2033. This expansion is fueled by several key factors. Increasing urbanization and rising disposable incomes within Vietnam are driving greater demand for convenient and affordable transportation options. The proliferation of smartphones and readily available internet access has significantly increased the adoption of ride-hailing apps, contributing to the market's rapid growth. Furthermore, the expansion of e-commerce and the rise of delivery services are creating synergistic opportunities for ride-hailing companies to diversify their revenue streams beyond passenger transportation. The market is segmented by vehicle type (passenger cars and motorcycles), propulsion type (ICE and electric), and geographic location, with major cities like Hanoi, Ho Chi Minh City, and others contributing significantly to overall market size. Competition is fierce, with established players like Grab, Gojek (now GoViet), and Vinasun competing with newer entrants and local companies. The ongoing development of electric vehicle infrastructure in Vietnam presents a considerable opportunity for ride-hailing services to transition towards more sustainable and environmentally friendly operations, further shaping future market dynamics. Regulatory changes and government initiatives concerning traffic management and environmental sustainability could impact the growth trajectory in the coming years. The competitive landscape necessitates continuous innovation and strategic adaptations by ride-hailing companies. Factors such as driver compensation models, technological advancements in app functionality (including enhanced safety features and payment options), and effective marketing strategies will play critical roles in market share acquisition and retention. Expansion into underserved areas and targeting specific demographic groups are also crucial strategies for growth. The market's future success will largely depend on the companies' ability to navigate these challenges, adapt to evolving consumer preferences, and capitalize on emerging opportunities related to technological advancements and sustainable transportation solutions. This comprehensive report provides an in-depth analysis of the rapidly evolving Vietnam ride-hailing market, covering the period from 2019 to 2033. With a base year of 2025 and a forecast period extending to 2033, this report offers invaluable insights for businesses, investors, and policymakers seeking to understand this dynamic sector. The report analyzes market trends, competitive landscapes, and future growth potential, incorporating data from key players like Grab, Gojek, and Vinasun, alongside emerging players such as Xanh SM and Mai Linh. We delve into crucial market segments including motorcycle taxis, passenger cars, ICE vehicles, electric vehicles, and regional breakdowns focusing on major cities such as Hanoi and Ho Chi Minh City, as well as expanding provinces like Binh Duong and Dong Nai. The report's detailed analysis of market size (in millions of USD), key drivers, challenges, and emerging trends, makes it an indispensable resource for navigating the complexities of the Vietnam ride-hailing 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: High Purchase and Maintenance Costs. Notable trends are: Passenger Cars will Continue to be the Largest Segment.

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).

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 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.

The number of users in the 'Ride-hailing' segment of the shared mobility market in Vietnam was forecast to continuously increase between 2025 and 2029 by in total 6.9 million users (+22.95 percent). After the ninth consecutive increasing year, the number of users is estimated to reach 36.97 million users and therefore a new peak in 2029. Notably, the number of users of the 'Ride-hailing' segment of the shared mobility market was continuously increasing over the past years.Find other key market indicators concerning the revenue and average revenue per user (ARPU). The Statista Market Insights cover a broad range of additional markets.

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 APAC Two-Wheeler Taxi Industry is segmented by Vehicle Type (Motorcycle and Scooter), Service Type (Pay as You Go and Subscription-Based), and Geography (China, India, Japan, Thailand, Vietnam, and the Rest of Asia-Pacific). The report offers the market size and forecast in value (USD) for all the above segments.

The penetration rate in the 'Ride-hailing' segment of the shared mobility market in Vietnam was forecast to continuously increase between 2025 and 2029 by in total 6.1 percentage points. After the ninth consecutive increasing year, the penetration rate is estimated to reach 35.63 percent and therefore a new peak in 2029. Notably, the penetration rate of the 'Ride-hailing' segment of the shared mobility market was continuously increasing over the past years.Find other key market indicators concerning the number of users and average revenue per user (ARPU). The Statista Market Insights cover a broad range of additional markets.

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Moto Taxi Service Market Size 2025-2029

The moto taxi service market size is forecast to increase by USD 14.45 billion at a CAGR of 10% between 2024 and 2029.

The market is witnessing significant growth, driven by increasing investments in moto taxi startups. This trend reflects the market's potential and the investors' confidence in the business model. Furthermore, the use of social media and analytics is transforming the way moto taxi services are marketed and operated, providing valuable insights into customer preferences and behavior. However, the market faces challenges, including regulatory restrictions and bans on moto taxis in various countries. Data security and privacy policies are crucial for protecting user information. These obstacles necessitate a strategic approach to navigating regulatory environments and addressing safety concerns to ensure the sustainable growth of moto taxi services.
Companies seeking to capitalize on market opportunities must stay informed of regulatory changes and invest in technology solutions that enhance safety and customer experience. Additionally, collaborating with local authorities and stakeholders can help build trust and support for the moto taxi service industry. To maintain operational efficiency, motor taxi services employ fleet management and dispatch systems.

What will be the Size of the Moto Taxi Service Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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In the dynamic market, various strategies are shaping the competitive landscape. Referral programs are increasingly popular for customer acquisition, offering existing riders incentives to invite new users. Risk management is a critical aspect, with companies implementing comprehensive strategies to mitigate potential hazards. Public relations plays a significant role in maintaining a positive brand image, especially during crises. Market penetration is driven by API integrations, allowing seamless connectivity with various platforms. Fraud prevention is a priority, with machine learning algorithms and data encryption ensuring secure transactions. Loyalty programs and in-app messaging foster customer engagement, while big data analytics provide valuable insights for competitive advantage.

Third-party integrations, including social media and legal consulting, expand service offerings and ensure regulatory compliance. Crisis management plans are essential for handling unexpected incidents, while automated dispatch and smart routing enhance operational efficiency. Open-source technologies and artificial intelligence further optimize services, ensuring a superior user experience. Motorcycle maintenance and data anonymization are crucial for maintaining a reliable and secure fleet. Cloud computing enables scalability and flexibility, ensuring businesses remain agile in the ever-evolving market. Additionally, the use of social media and analytics is becoming increasingly prevalent in the industry, enabling providers to better understand customer preferences and tailor their services accordingly.

How is this Moto Taxi Service Industry segmented?

The moto taxi service industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Service

  E-hailing
  Ride sharing


Application

  Passenger
  Load


Vehicle Type

  Motorcycle
  Scooters


Propulsion

  ICE
  Electric


Geography

  North America

    US


  Europe

    France
    UK


  Middle East and Africa

    UAE


  APAC

    India
    Indonesia
    Thailand
    Philippines
    Vietnam


  South America

    Brazil


  Rest of World (ROW)

By Service Insights

The E-hailing segment is estimated to witness significant growth during the forecast period. E-hailing services for motor taxis have gained significant popularity due to their convenience and affordability, particularly in regions with high population density and heavy traffic congestion. These services enable passengers to easily book motor taxis through mobile applications, streamlining the process and reducing waiting times. The growing preference for cost-effective transportation solutions, coupled with the convenience offered by e-hailing platforms, is driving the market's expansion. Safety is a top priority for motor taxi services. Background checks and driver verification ensure the safety of passengers. Motorcycles are equipped with safety gear, and insurance policies cover both drivers and riders. Insurance claims processing is handled efficiently to minimize disruptions.

Rider safety features, such as helmets, are provided to ensure the safety of passengers. Real-time

The arpu in the 'Ride-hailing' segment of the shared mobility market in Vietnam was forecast to continuously increase between 2025 and 2029 by in total 3.9 U.S. dollars (+6.24 percent). After the ninth consecutive increasing year, the arpu is estimated to reach 66.45 U.S. dollars and therefore a new peak in 2029. Notably, the arpu of the 'Ride-hailing' segment of the shared mobility market was continuously increasing over the past years.Find other key market indicators concerning the revenue and user penetration. The Statista Market Insights cover a broad range of additional markets.

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.