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

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Key Points
  • The investigation will take 180 days, with the possibility to be extended by up to 120 days, Vietnam's trade ministry said in a statement.
A woman using the Grab app on an Apple iPhone in Ho Chi Minh City, Vietnam.
Godong | UIG | Getty Images

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.