Vietnam's ride-hailing market to reach $21.6bn by 2029 with a 19.5% CAGR, driven by urban population, transport shortages, and tourism.

Vietnam's ride-hailing market is expected to reach $880m in 2024 and $21.6bn by 2029, with a 19.5% CAGR, according to Mordor Intelligence. Rising urban population, lack of public transport, and increasing traffic congestion drive demand for private transportation. Consumers' preference for convenience in mobility and rising number of tourists contribute to the growth of the ride-hailing market.

March 15, 2024
3 Articles

Further Reading