Vietnam Car Sharing Market Size, Share, Trends and Forecast by Car Type, Business Model, Application, and Region, 2025-2033

Vietnam Car Sharing Market Overview:

The Vietnam car sharing market size reached USD 44.65 Million in 2024. Looking forward, the market is expected to reach USD 127.01 Million by 2033, exhibiting a growth rate (CAGR) of 11.02% during 2025-2033. The market is driven by rapid urbanization, increasing smartphone penetration, and growing demand for convenient, cost-effective transportation solutions. Rising traffic congestion and limited parking in major cities like Hanoi and Ho Chi Minh City have encouraged users to opt for shared mobility over private car ownership. Government support for smart city initiatives and environmental concerns are also promoting shared mobility services. Technological advancements and improved app-based booking systems further enhance user experience, contributing to growth of Vietnam car sharing market share.

Vietnam Car Sharing Market Trends:

Urbanization and Changing Mobility Preferences

Vietnam’s rapid urbanization is reshaping how people move within cities, and this transformation is directly influencing the rise of car sharing services. As cities like Hanoi and Ho Chi Minh City become more populous, conventional modes of transport like buses and motorbikes are found to fall short in meeting the emerging need for convenient and comfortable mobility. Vietnam's middle class is growing, and with it comes rising expectations for convenience and lifestyle improvements. Yet, car ownership continues to be expensive, as import duties remain high, and parking is limited in densely populated city areas. This renders car sharing a tempting option, providing vehicle access without ownership obligations. Consumers, particularly younger professionals and technology-oriented millennials are embracing car sharing for quick business trips, weekend escapes, and city errands. The mobility trend is economics-driven and solves the longing for brighter, more sustainable urban living.

Digital Integration and Local Innovation

Among the characteristics that define the Vietnam car sharing trend is the convergence of digital technology and local mobility solutions. Being a very high smartphone-adoption country, Vietnam offers fertile ground for mobile-based car sharing platforms. These are the opportunities that local startups and regional companies have seized upon, creating simplified applications specifically to the Vietnamese consumer. These apps feature bilingual user interfaces, live GPS tracking, mobile payments, and dynamic pricing depending on demand and traffic. Additionally, car sharing services have been enabled to be integrated with other types of transport such as motorbike taxis and public buses to facilitate a smooth, multimodal transportation experience. Vietnamese car sharing isn't an imitation of Western schemes; it has evolved to fit local habits, road traffic, and customers' behavior. This regionalization assists companies in establishing brand loyalty and makes the services useful for daily life in Vietnamese cities, which further contributes to the Vietnam car sharing market growth.

Environmental Consciousness and Government Involvement

Rising environmental consciousness in Vietnam is hugely contributing to defining the future of car sharing. As traffic congestion and air pollution remain issues of city living, government officials and the public alike seek cleaner, more productive means of transportation. Car sharing fits with those needs, particularly when paired with electric cars and hybrid technology. The government has also indicated its interest in encouraging green transport, such as electrifying urban public transit, and is slowly making the foundation for facilitating shared mobility in the form of supportive regulations and infrastructure investments. A few car sharing companies have even started to pilot electric cars in pilot tests in urban areas. All these initiatives are focused on emission reduction along with the utilization of roads through the minimization of cars on the road. Car sharing in this regard is considered a central element of sustainable urban growth in Vietnam, and its support is increasingly gaining momentum among citizens as well as policymakers.

Vietnam Car Sharing Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on car type, business model, and application.

Car Type Insights:

• Economy
• Executive
• Luxury
• Others

The report has provided a detailed breakup and analysis of the market based on the car type. This includes economy, executive, luxury, and others.

Business Model Insights:

• P2P
• Station Based
• Free-Floating

A detailed breakup and analysis of the market based on the business model has also been provided in the report. This includes P2P, station based, and free-floating.

Application Insights:

• Business
• Private

The report has provided a detailed breakup and analysis of the market based on the application. This includes business and private.

Regional Insights:

• Northern Vietnam
• Central Vietnam
• Southern Vietnam

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Vietnam, Central Vietnam, and Southern Vietnam.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Vietnam Car Sharing Market News:

• In June 2025, ride-hailing firms in Việt Nam switched to electric and hybrid cars as a primary tactic to draw in drivers and consumers in the face of growing market rivalry and the country's need for more environmentally friendly transportation choices. Electric vehicles (EVs) and fuel-efficient options are seen as essential for reducing emissions and improving transportation infrastructure in major cities like HCM City, where green mobility is strongly promoted under Resolution No 98/2023/QH15, a policy passed by the National Assembly on June 24, 2023, giving the city more autonomy to test special mechanisms and policies for sustainable development.
• In November 2024, plans to lease 1,000 VinFast electric cars from an EV leasing company 90% owned by billionaire Pham Nhat Vuong, the CEO of the Vietnamese automaker, were disclosed by a taxi service in the central Vietnamese province of Binh Dinh. Holi Vietnam Technology Development Investment Corporation. (HoliTech) will utilize VinFast vehicles provided by For Green Future Trading and Services JSC (FGF) during 2024-2025 to deliver passenger transportation services for residents and visitors. Additionally, the V-Green Global Charging Station, which is also 90% owned by Vuong, will provide a franchise to Lado Taxi, allowing the taxi service provider to implement charging services in Binh Dinh province through a revenue-sharing arrangement.

Vietnam Car Sharing Market Report Coverage:

Key Questions Answered in This Report:

• How has the Vietnam car sharing market performed so far and how will it perform in the coming years?
• What is the breakup of the Vietnam car sharing market on the basis of car type?
• What is the breakup of the Vietnam car sharing market on the basis of business model?
• What is the breakup of the Vietnam car sharing market on the basis of application?
• What is the breakup of the Vietnam car sharing market on the basis of region?
• What are the various stages in the value chain of the Vietnam car sharing market? 
• What are the key driving factors and challenges in the Vietnam car sharing market?
• What is the structure of the Vietnam car sharing market and who are the key players?
• What is the degree of competition in the Vietnam car sharing market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Vietnam car sharing market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Vietnam car sharing market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Vietnam car sharing industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.