Vietnam's Vingroup scraps plan to launch airline to focus on tech

HANOI (Reuters) - Vietnam's largest conglomerate Vingroup JSC said on Tuesday it has scrapped a plan to launch an airline and will instead focus on technology development and industrial production.The company last year applied for a licence to launch an airline in 2020 but had yet to order any planes.It has now notified the Ministry of Transport that it will withdraw from the aviation transport services sector."We need to focus our resources on the development of technologies and industrial..