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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Vietnam Taxi Market Competitive Landscape
Grab Holdings Inc. was founded in 2021 and is headquartered in Singapore. It enables consumers to order food and groceries online, book rides, make online purchases, and receive financial services like insurance, wealth management, and mortgage loans. It operates in 500 cities across 8 different countries in Southeast Asia. This includes Vietnam, Indonesia, Myanmar, and Cambodia, among others.
VINATAXI Company was established in October 1992 and is headquartered in Tan Phu District of Vietnam. This player in the Vietnam taxi industry provides ride-hailing services that are paid via prepaid vouchers or a postpaid card. Its taxis are highly comfortable with spacious interiors and good quality music systems, with an LCD screen to watch movies and television shows.
Avis Budget Group Inc. was incorporated in 1994 and is headquartered in New Jersey, United States. It is mainly engaged in providing car rental and ride-sharing services to people and has a significant global presence. Its rental taxis include luxury cars and specialty-use vehicles, among others. Some of its most popular mobility brands include Avis, Budget, and Zipcar.
Other major players in the Vietnamese taxi market include Go Viet Technology Trading Joint Stock Company, FASTGO Vietnam Joint Stock Company, Mai Linh Group, Anh Duong Vietnam Joint Stock Company (Vinasun Corp.), Be Group JSC, VATO.EC, and Thien Phong Trading Co., Ltd., among others.
Vietnam Taxi Market Report Snapshots
Vietnam Taxi Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 0.5 billion.
The market is estimated to grow at a CAGR of 7% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 0.93 billion by 2032.
The market is being driven by increasing popularity of ride sharing services due to increasing traffic and congestion in Vietnam and provision of various safety features by several taxi companies including live location sharing to ensure the safety of the passengers.
The key trends aiding the market expansion include adoption of digital technologies by taxi firms and lateral expansion plans of ride hailing companies.
Taxis can be booked through either online or offline mode.
The major vehicle types include cars and motorcycle, among others.
The key players in the market are Go Viet Technology Trading Joint Stock Company, FASTGO Vietnam Joint Stock Company, Grab Holdings Inc., Mai Linh Group, VINATAXI Company, Anh Duong Vietnam Joint Stock Company (Vinasun Corp.), Avis Budget Group Inc., Be Group JSC, VATO.EC, and Thien Phong Trading Co., Ltd., among others.
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Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124