Vietnam Digest: Singapore's PropNex inks franchise deal; State to cut stake in banks

Vietnam Digest: Singapore's PropNex inks franchise deal; State to cut stake in banks

Nguyen Hue, Vietnam. Photo: Peter Nguyen/unsplash

Singapore’s PropNex has entered into a master franchise agreement with PropNex Realty (Vietnam) Co to grow its business in the country while in the banking sector, the government plans to reduce state ownership from 65 per cent to 51 per cent in three major banks during 2021-2025. 

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