Market Share of Vietnam Bike-Sharing Industry
The Vietnam bike-sharing market is highly consolidated and competitive due to the presence of a few players capturing the majority share of the market. Some prominent players in the market include Trinam Group JSC, Meituan (Mobike), Lemonc Vietnam Company Limited (MBI Sharing), TUMI, and Hue Smart Bike. These players actively strategize to expand their fleet size and enhance their digital platforms to cater to increasing consumer needs. Active partnerships with local governments and municipalities also assist these players in setting up dedicated docks in a locality, enhancing their brand presence.
- In August 2023, TriNam Group JSC launched a public bicycle-sharing service in Hanoi, operating at least 90 stations with a fleet of 1,000 bikes. Consumers need to register using the company's mobile app. The cost of availing this service is VND 5,000 (USD 0.22) per 30 minutes.
- In March 2023, Da Nang's Transport Department announced the launch of the one-year pilot bicycle-sharing service program in the city to curb environmental pollution and reduce traffic congestion. The transport department has planned to operate 61 rental stations with 600 bikes available to consumers in five districts across the city. Consumers willing to rent a bike from the platform need to pay VND 5,000 (USD 0.21) per 30 minutes of use, and for trips that extend 7.5 hours of the journey in a day, the price is charged at VND 50,000 per day (USD 1.96).
The market is anticipated to witness the integration of electric bikes deployed as sharing services, complementing the government's efforts to raise awareness of sustainable transportation mediums and lessen traffic congestion on roads.
Vietnam Bike-Sharing Market Leaders
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TriNam Group JSC
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Meiutan (Mobike)
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Lemonc Vietnam Company Limited (MBI Sharing)
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TUMI
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Hue Smart Bike
*Disclaimer: Major Players sorted in no particular order
