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Grab - Uber deal is on the verge of facing an offical probe due to breach of antitrust law in Vietnam

The Competition and Consumer Protection Department (CCPD) under the Ministry of Industry and Trade considers launching a formal investigation into the acquisition of Uber in Southeast Asia including Vietnam by Grab, after announcing the preliminary results are presenting the sign of breaching antitrust law on May 16.

Grab-Uber acquisition probably fails

Days after Singapore began a probe into the deal between Grab and Uber under anti-competition scrutiny, the Philippines and Malaysia said that they will look into it on similar concerns.

Phuong Trang FUTA invests about $100 million in Vivu app: Change instead of complaint

Due to the wave of technology that Uber and Grab brought into Vietnam, FUTA Bus Lines – Phuong Trang Inc (FUTA) decided to pour VND2.2 trillion (roughly $100 million) in a future ecosystem.

Grab acquires Uber’s operation in Southeast Asia

On March 26, Grab officially announced that all of Uber’s motorcycle riders and taxi drivers in Vietnam would work for the former from this April.

Lawyer Truong Thanh Duc: Grab may countersue Vinasun for its unfair offence

Lawyer Truong Thanh Duc said Grab might countersue Vinasun for its unfair competition directly aiming at this taxi-hailing application such as using the protest slogans.

Uber sues the HCM city Department of Taxation

The coercive enforcement measures to collect over VND53 billion (US$2.3 million) of Uber’s unpaid taxes have been halted after the HCM City Department of Taxation (Tax Department) received the court’s temporary urgent decision.

Harsh measures to be taken to collect US$3-million tax arrears from Uber

In case Uber fails to pay VND67 million (US$3-million) in tax within 10 days since the date of receiving written notification from HCM city Department of Taxation, it will be enforced to pay the tax and named on media.

MoF rejects Uber’s complaints about tax arrears of nearly US$3 million

The Ministry of Finance (MoF) has rejected the Netherlands-based Uber International Holding BV’s complaints about the decision to collect VND67 billion (nearly US$3 million) in tax arrears in a statement sent to the US-ASEAN Business Council.

Mai Linh Group heats up the hi-tech motorbike taxi game to compete Uber, Grab

Mai Linh Bike, brand of motorbike taxi service of Mai Linh Group is officially just launched in three big cities namely Ha Noi, Da Nang and Ho Chi Minh city (HCMC) to compete with GrabBike, and UberMoto.

Grab Taxi’s accumulated losses reach US$41 million

Grab Taxi Co., Ltd (Grab Taxi)'s accumulated losses have reached VND398 billion (equivalent to US$41.36 million), 47 times higher than its charter capital, according to the General Department of Taxation (GDT).