Hyderabad, India, Nov. 10, 2026 (GLOBE NEWSWIRE) -- According to the latest report by Mordor Intelligence, the Vietnam ride-hailing market size expected to grow from USD 1.49 billion in 2027 to USD 3.57 billion by 2032, at a CAGR of 19.08% during 2027-2032. Extended first-registration fee relief for battery-electric cars through 2030 is supporting fleet renewal by reducing vehicle acquisition costs for qualifying operators. Metro connections in Hanoi and Ho Chi Minh City are also creating demand for short first- and last-mile rides. Operators are expanding their reach through partner fleets and vehicle-supply partnerships. However, driver economics and local licensing requirements may constrain the service capacity available to meet growing demand.  

Vietnam Ride-Hailing Market Trends and Drivers  

Metro Expansion in Hanoi and Ho Chi Minh City Driving First- and Last-Mile Ride Demand: The expansion of metro networks in Hanoi and Ho Chi Minh City is creating new opportunities for ride-hailing services to support first- and last-mile travel. Features that connect passengers with nearby metro stations can make rail journeys more convenient, while creating demand for short trips to and from transit hubs.  

 EV Tax Incentives Supporting Fleet Electrification:  Lower registration fees are encouraging ride-hailing operators to consider battery-electric cars for fleet expansion and replacement. Extended government incentives reduce upfront acquisition costs and make electric vehicles more competitive with conventional cars, although the benefits are limited to qualifying new registrations.  

 “By defining the market around completed passenger trips and validating estimates against independent demand, fare, fleet, and operator data, Mordor Intelligence provides a consistent basis for assessing Vietnam’s ride-hailing market, its competitive structure, and the commercial implications of its growth.” says Phani Kumar, Senior Research Manager, Mordor Intelligence.        

Ride-Hailing Market in Vietnam Regional Market Dynamics  

Recent service launches in cities such as Can Tho, Nha Trang, and Bac Ninh highlight the expansion of app-based ride-hailing beyond Vietnam’s major urban centers. Operators are introducing both electric motorcycle and car services to address local travel needs, while gradually extending their customer reach across regional markets.  

Urban mobility needs vary between Hanoi and Ho Chi Minh City. Growing metro use in Hanoi creates opportunities for connecting rides, while driver availability and waiting times remain important service considerations in Ho Chi Minh City. Ride-hailing operators need to address these local travel patterns to improve service reliability and meet passenger expectations.  

Vietnam Ride-Hailing Industry Segmentation  

By Vehicle Type  

  • Two-Wheelers  
  • Three-Wheelers  
  • Passenger Cars  
  • Vans & MPVs  
  • Buses & Shuttles  

By Propulsion Type  

  • Internal Combustion Engine (ICE)  
  • Hybrid  
  • Battery-Electric  
  • Compressed Natural Gas (CNG) / Liquefied Petroleum Gas (LPG)  

By Service Type  

  • E-Hailing  
  • Car-Sharing (Peer-to-Peer)  
  • Robo-Taxi  
  • Subscription-Based Ride Packages  

By Booking Channel  

  • App-Based  
  • Voice / Phone  

By End-User  

  • Personal  
  • Corporate / Institutional  

Check out more details and stay updated with the latest industry trends, including the Japanese version for localized insights: https://www.mordorintelligence.com/ja/industry-reports/vietnam-ride-hailing-market?utm_source=globenewswire  

Vietnam Ride-Hailing Companies  

  • GrabTaxi Holdings Pte Ltd  
  • Be Group JSC  
  • Vinasun Corp.  
  • Mai Linh Group  
  • Xanh SM (GSM)  
  • inDrive  
  • TADA Mobility  
  • TaxiGo  

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