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Vingroup takes expansion to the skies with new aviation unit

Latest venture raises concern that Vietnamese company has spread itself too thin

Vinpearl Air, new aviation unit under Vingroup, will initially focus on training pilots.   © Reuters

HANOI -- Vingroup, Vietnam's largest private conglomerate, has continued its rapid expansion by launching an aviation wing in hopes of becoming the country's sixth carrier after forays into car and smartphone production.

The announcement on July 9 of Vinpearl Air came just weeks after Vingroup inaugurated a factory to build the fast-growing Southeast Asian economy's first domestic automobile brand.

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