Vietnam finds no violations in Grab's acquisition of Uber's local business

Vietnam finds no violations in Grab's acquisition of Uber's local business

FILE PHOTO: A view of Uber and Grab offices in Singapore March 26, 2018. REUTERS/Edgar Su/File Photo

A Vietnamese competition council has concluded that Grab’s acquisition of Uber’s Vietnam operations in 2018 did not infringe competition laws in the country.

The verdict from the local competition council came six months after the Vietnam Competition and Customer Protection Authority (VCA) found the acquisition had breached Vietnamese regulation.

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