Uber Vietnam: Ride-sharing apps vie to replace private car ownership

Uber launched its service in Vietnam last year and says Ho Chi Minh City and Hanoi already have the highest average numbers of trips per user out of the 300 cities in which it operates, double the rate in New York. “Our goal is to replace private car ownership,” San Francisco-based Uber Technologies’ general manager for Vietnam, Dang Viet Dzung, told Reuters in an interview.

With less than three people out of every 100 owning cars in Vietnam, a country of 90 million people, and one of the fastest-growing smartphone markets in the region, ride-sharing executives are thinking big.

Uber charges 8,000 dong (27-36 cents) per kilometre compared with 11,000-15,000 dong for taxis in Ho Chi Minh City. The city’s taxi rates are more than double those in Bangkok, Manila and Jakarta, according to Vietnam’s Association for Consumer Standards and Protection.

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