Vietnam trade ministry says formally launched investigation into Uber-Grab merger

David Paul Morris | Bloomberg | Getty Images
An Uber signage is displayed outside the company’s headquarters building in San Francisco, California, on June 21, 2017.

Vietnam’s Ministry of Industry and Trade on Friday officially launched an investigation into the takeover of Uber Technologies’ Southeast Asia business by rival Grab, the ministry said.

The investigation will take 180 days, with the possibility to be extended by up to 120 days, the ministry said in a statement.

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