HANOI — Vietnam plans to freeze approval for new entries to the airline industry until 2022, a move that threatens to solidify the virtual duopoly already in place.
The chilled business climate caused by the novel coronavirus makes supporting existing airlines the top priority, Transport Minister Nguyen Van The said.
Currently five commercial airlines operate within Vietnam, but two top players dominate the market. With Australia’s Qantas Airways offloading its 30% stake in Jetstar Pacific, a joint venture with Vietnam Airlines, the state’s move to block additional competition has raised concerns about higher ticket prices.
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