Car Rental Vietnam | Car Rental For Self-Driving Vietnam

Monday, 27/07/2020
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Car rental Vietnam | car rental for self-driving Vietnam is a big trend for a leisure travel around the wold in the furture recently  while there are a lots of  Vietnam car rental agencies charge premiums cost includes driver from 65$USD/day

Vietnam car rental without driver is a new change and also a thread for owner car rentals service because of  the Vietnamese transportation regulation still limited for the self-driving foreigners in our country.

Vietnam car rental self -driving market has witnessed a robust growth in past few years. The market has grown at a five year from 10-30% during the period 2011-2018 owing to the cab taxi players entering the market.

Car rental without driver market increased during the period 2013-2016 owing to the cab travelers entering the market. In 2013, Vietnam transportation regulation entered into the country followed by Grab and Uber in 2014, creating a positive impact on the car rental service market in the Vietnam.
This segment is driven by tourists and people travelling for professional purposes to and from airport.

Vietnam cab aggregator market currently has three major players including Grab Taxi, Uber and Vietnam transportation regulation is operating in two cities namely Ho Chi Minh and Hanoi. Positioning of Major Players in Vietnam Car Rental Industry.

Vietnam car rental market is fragmented market with various organized and unorganized players operating in the space including Vietnam Budget Car Rental, Avis,Vinasun, Mai Linh and Vietnam Trust Car Rental.

The car rental market was dominated by domestic players until the entry of international players started with Vietnam Budget car Rental entering the Vietnam car rental industry in 2008. From then international car rental giants including Vietnam Trust Car Rental have also entered the Vietnam car rental market and are competing with the domestic giants including Vinasun and Mai Linh. The car rental companies compete on the parameters such as price, promotions and discounts.

What is a thread or new change for Vietnam self-drving car rental at the present?

Still, car rentals are a big huge dollars industry in Vietnam alone. However, two emerging trends are slowly chipping away at this time-honored tradition.

Trend 1: The New Sharing Economy
Uber and Grab are relatively new livery services that transport passengers around major urban centers, often for a fraction of what conventional taxis charge. This cost advantage hasn’t gone unnoticed by consumers. 

Trend 2: The Rise of Autonomous Vehicles
We’re still in the early days of self-driving cars. But as they become more mainstream, services such as Uber and Grab will increasingly phase out their human drivers for autonomous ones. This transition carries a higher upfront cost, but there are fewer ongoing expenses. If those savings are ultimately passed onto the consumer, the relative cost of renting cars will only increase. 

Instead of buying a new car every five years, the average Vietnamese might take a self-driving Uber car two or three times a day. With more transactions per unit of time, the industry will need smarter and faster payment processing. 

How to drive in Vietnam and do you need an international driving license?

Driver's License in Vietnam

To drive in the Vietname, the driver must have a valid driver's license that has been held for at least 2 years. The license must be valid at the time of rental and remain valid throughout the rental period. Driver's licenses accepted in the Vietnam are:

Vietnamese driving license 

International driving license was issued by a country that participated in the 1949 Geneva Convention on Road Traffic.

Tips

For foreigners want to rent a car outside their home countries, an International Driver's Permit is highly recommended. Especially if your domestic driving license is not printed in English, an International Driving Permit (IDP/IDL) or an official translation in English is required when you drive in Vietnam.

Please note that an International Driving Permit (often referred to as an International Driving Licence) does not replace the requirement for a regular driving license. And you must carry your current overseas driver’s license, IDP or translation with you all the time when driving in Vietnam.

Age Requirement

The minimum age to rent a vehicle in 18 years old Vietnam and the driver must have a valid driver's license held for at least one year. For certain specialty and larger-sized vehicles, the minimum age of 25 years of age applies. 

Exceptions

*Attention! Some car rental companies would have different requirements. Please check Terms and Conditions during the booking process.

Vietnam driving rules for Speed Limit and Traffic Signs.

Driving in Vietnam is on the left-hand side of the road. 

Speed Limit

The speed limits for Vietnam are 80 km/h on open roads, 50km/h in towns and 100km/h in motorways unless signs say otherwise.

Traffic Signs

There are mainly three types of road signs in Vietnam, including regulatory signs, warning signs, and informational signs. 

Vietnam regulatory signs have different shapes, most of them featuring red border and white background. Note that the Stop Sign is written in Vietnamese language instead of English or by pictogram, but a typical Octagon is applied to imply its meaning like most of the countries.

Vietnam warning signs mostly feature a yellow background with black pictogram.

Vietnam information signs are blue with rectangular or square shapes.

Seatbelt Laws

A new law has come into effect from the 5th of April 2017, stating that passengers in the rear seat of a car are now required to wear seatbelts in addition to the driver and front seat passenger. Failure to do so can result in a fine of up to 500,000 VND (22$USD).

Booster Seat Laws

The Vietnamese law states that children should be restrained in an age-appropriate system. Children under 12 years old should not sit in the front of a vehicle. 

Parking
Because of the heavy traffic, parking in some Vietnam cities can be difficult to find. Parking rules and rates are usually marked on signs with English translations in tourist areas.

Permitted Parking

White rectangle on the road indicates a designated car parking space. Many shops, malls, restaurants, sights and hotels offer to park and if payment is needed, it will not be expensive.

Yellow and white markings indicate a short-term parking space only, for usually no more than five minutes. These markings also indicate a bus stop. It is therefore not advised to park there.

· No Parking

- Red and white markings indicate a no parking zone, which means cars may not park here.

Multiple white diagonal lines indicate parking spaces for motorcycles only and no cars can park here.

Fuel Prices
The average price for Vietnam gasoline price between 0,9$USD/litter and diesel is 0,62$USD/lit in 2020.

Toll
There is not any area expressways demand electronic payment, while cash can be used in all road places. The usual charge is between 10,000 vnd and 100,000 vnd. 

DUI Laws
Drivers who have had their licenses for over five years are allowed to have a Blood Alcohol Content (BAC) of up to 0.05% when behind the wheel, while divers under 20 years are only allowed to have maximal BAC of 0.02%. A hefty fine of  15,000,000 vnd and /or a 6-month prison sentence will be applied in case of DUI.

Noted: My advise while driving is not drink any alcohol during the car rental period.

Foreigners driving after an excessive consumption of alcohol may also risk being deported, depending on the severity of the case.

Traffic Fines.

Speeding fines in Vietnam are between 500,000 vnd - 1,500,000 vnd. Parking in the wrong place or exceeding the time allowed will result in a parking ticket. Finally, parking in a non-parking area may result in a fine of 300,000 vnd. 

Some of the fines can be paid on the spot. In case you have not paid a fine, your car hire company will collect the fine’s charge as well as an added administration fee directly from your cash before the rental ending.

Should you have questions in terms of traffic fines collection, you are always welcome to contact Vietnam Trust car rental for assistance. 

Email:dos@vietnamtrustcarrental.com

Hotline :+84.934.189.301 whatsapp-2vibermessenger

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