Vietnamese securities firms' stocks rise, boosted by increased speed of cryptocurrency exchanges.

After Vietnamese Prime Minister Pham Minh Chinh called for the speeding up of the regulatory process for cryptocurrency exchanges, Vietnamese brokerage stocks rose in response. Saigon Securities Incorporated stated in a report that Vietnamese local media had reported that Pham Minh Chinh had requested the Ministry of Finance to accelerate the development of a regulatory framework for cryptocurrency exchanges before mid-January. This boosted the market sentiment for brokerages involved in cryptocurrency exchange licensing businesses. The institution stated, "Although this timeline may seem ambitious, this significant news reinforces market expectations that the licensing process is progressing, bringing a slight positive boost to related stocks." Saigon Securities, VNDirect Securities, and HCM City Securities all hit their upper limit; VIX Securities rose by 6.8%, FPT Securities by 6.4%, and VPBank Securities by 3.1%. Vietnam's benchmark VN index rose by as much as 1.1%.