Additional investigation for deal between GrabTaxi and Uber
11:25 | 14/02/2019 Print Article
The investigation of the deal between ride-hailing firms GrabTaxi and Uber will be carried out by the Vietnam Competition Authority (VCA) under the Ministry of Industry and Trade (MoIT) within 60 days from the day of issuing Decision No.08/QD-HDCT.
|Further investigation is necessary to clarify all issues around the Grab-Uber acquisition |
On February 12, 2019, the VCA announced that they have read the documents and organised some meetings with the involved parties (including GrabTaxi and Uber) to express their opinions and explain related issues.
“New circumstances arose from the information, documents, and evidence provided by the parties. According to the Law on Competition 2004 and the decree guiding its implementation, chairman of the Hearing Board Phan Chi Hieu on behalf of the Board of Competition signed Decision No.08/QD-HDCT dated February 1, 2019 to return the documents to VCA for additional investigation and clarifying some issues in the economic concentration case between GrabTaxi and Uber,” the MoIT noted.
The VCA has 60 days from the day Decision No.08/QD-HDCT was issued to conduct the investigation.
In early January 2019, the MoIT signed the decision of establishing the board handling the case of Grab’s acquisition of Uber Vietnam. In addition to GrabTaxi Co., Ltd. and Uber Vietnam Co., Ltd., there are six companies involved in the case.
Previously, the VCA closed the investigation of the economic concentration resulting from Grab’s acquisition of Uber in Southeast Asia, including Vietnam, finding several violations of Article 20 on notification of economic concentration, and Article 18 on prohibited cases of economic concentration of the Competition Law 2004.