Vietnam Ride Hailing Market Report by Vehicle Type (Motorcycle, Cars, Vans and Buses), and Region 2024-2032

Vietnam Ride Hailing Market Report by Vehicle Type (Motorcycle, Cars, Vans and Buses), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A13276
Buy Now

Market Overview:

Vietnam ride hailing market is projected to exhibit a growth rate (CAGR) of 19.17% during 2024-2032. 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.

Report Attribute
Key Statistics
Base Year
Forecast Years
Historical Years
Market Growth Rate (2024-2032) 19.17%

Ride hailing, also known as ride sharing, is a contemporary transportation service that leverages digital platforms to connect passengers with drivers using their personal vehicles. This innovative mode of transportation has gained significant popularity due to its convenience, affordability, and accessibility compared to traditional taxi services. Ride hailing companies offer mobile applications that enable passengers to request rides, track their drivers' location, and make cashless payments, enhancing the overall commuting experience. Besides this, they provide a source of income for drivers who use their own vehicles to offer rides. These services have transformed urban mobility, influencing traffic patterns, reducing the need for personal car ownership, and promoting shared transportation options as an efficient alternative to traditional taxis and public transportation.

Vietnam Ride Hailing Market Trends:

The country's burgeoning urban population and increasing traffic congestion have created a heightened demand for efficient transportation solutions, with ride hailing services offering a swift and convenient means of getting around crowded urban areas, primarily driving the market growth. In line with this, the proliferation of smartphones and internet connectivity has enabled widespread access to ride hailing platforms, further fueling their adoption. Furthermore, the flexibility it offers to drivers, allowing them to work on their schedules, has attracted a large pool of individuals seeking supplementary income opportunities, which, in turn, is creating a favorable outlook for market expansion. Besides this, the ongoing development of Vietnam's digital payment infrastructure has facilitated cashless transactions, enhancing the convenience and security of ride hailing services, thereby impelling the market growth. Concurrently, increasing partnerships with local businesses, such as restaurants and hotels, diversifying the services offered by ride hailing companies, and creating synergies that benefit both passengers and drivers, are bolstering the market growth. In confluence with this, extensive investments in safety and security measures, including driver background checks and global positioning system (GPS) tracking, boosting passenger confidence in these services are aiding in market expansion. Additionally, as environmental consciousness and cost-effectiveness become more prominent, people are increasingly opting for shared rides over owning private vehicles, thus propelling the market forward. Along with this, partnerships and collaborations between leading industry players and public transportation authorities fostering the integration of ride hailing into broader transportation networks, are bolstering the market growth. Furthermore, the continuous innovation and diversification of ride hailing services, stringent regulatory framework that ensure safety, fair competition, and compliance with local laws and favorable tax incentives and subsidies for the adoption of eco-friendly and electric vehicles (EVs) in ride hailing fleets are influencing the market growth.

Vietnam Ride Hailing Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on vehicle type.

Vehicle Type Insights:

  • Motorcycle
  • Cars
  • Vans and Buses

The report has provided a detailed breakup and analysis of the market based on the vehicle type. This includes motorcycle, cars, and vans and buses.

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 in the market. 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 Ride Hailing Market Report Coverage:

Report Features Details
Base Year of the Analysis 2023
 Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Scope of the Report Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
  • Vehicle Type
  • Region
Vehicle Types Covered Motorcycle, Cars, Vans and Buses
Regions Covered Northern Vietnam, Central Vietnam, Southern Vietnam
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

  • How has the Vietnam ride hailing market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the Vietnam ride hailing market?
  • What is the breakup of the Vietnam ride hailing market on the basis of vehicle type?
  • What are the various stages in the value chain of the Vietnam ride hailing market? 
  • What are the key driving factors and challenges in the Vietnam ride hailing?
  • What is the structure of the Vietnam ride hailing market and who are the key players?
  • What is the degree of competition in the Vietnam ride hailing 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 ride hailing market from 2018-2032.
  • The research report provides the latest information on the market drivers, challenges, and opportunities in the Vietnam ride hailing 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 ride hailing 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.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Vietnam Ride Hailing Market Report by Vehicle Type (Motorcycle, Cars, Vans and Buses), and Region 2024-2032
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-713-2163


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More