Vietnamese brokerage stocks climbed following Prime Minister Pham Minh Chinh's directive to expedite the regulatory process for cryptocurrency exchanges. A report from SSI Securities Corporation noted that local media indicated the Prime Minister has instructed the Ministry of Finance to accelerate the formulation of a regulatory framework for crypto exchanges by mid-January, a move that has buoyed market sentiment for brokerages involved in the licensing process for these platforms. The institution remarked, "Although this timeline appears ambitious, this significant news reinforces market expectations that the licensing procedure is advancing, providing a modest positive boost to related concept stocks." SSI Securities, VNDirect Securities, and HCM City Securities all surged by their daily limit; VIX Securities gained 6.8%, FPT Securities rose 6.4%, and VPBank Securities increased by 3.1%. The benchmark VN-Index advanced by as much as 1.1%.
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