VietJet is eyeing an Australian domestic entry that could come under a fresh name to compete with Qantas, Jetstar and Virgin.

The Vietnamese budget airline is best known for its irreverent branding including bikini-clad models and has more than 100 aircraft on order as it expands.

A Vietnamese low-cost carrier is looking to take on Qantas and Virgin in the domestic market.

VietJet is eyeing an Australian domestic entry that could come under a fresh name to compete with Qantas, Jetstar and Virgin.