WHAT'S NEW

MoIT to run official investigation into Grab, Uber merger

by VTV419 May 2018 Last updated at 11:17 AM

VTV.vn - The Ministry of Industry and Trade (MoIT) will be officially investigating the Grab and Uber merger in the Vietnam market.

The Vietnam Competition Authority under the MoIT will start the 180 day investigation after its announcement. They can extend the period if needed. After that, the agency will submit the case file to the Vietnam Competition Council for processing.

Earlier, the preliminary report showed that the merger between Grab and Uber in Vietnam formed a combined market share of more than 50%, which is suspected to have breached regulations on economic concentration under the country's Law on Competition 2004.

Tags:

Top VND Exchange Rates

Auto-refesh 15m

USD

EUR

AUD
1 VND
Inverse:
0.00004
22,510.0
0.00004
25,226.0
0.00006
15,674.0

Mid-market rates: 2018-08-21 15:48 UTC

WEATHER FORECAST