HCMC – Vietnamese investors are required to update their ID information by October 1 to continue trading shares online, according to the State Securities Commission of Vietnam (SSC).
The SSC has announced that only stock trading accounts with details matching the national database and the electronic identification and authentication system will be permitted to conduct online transactions.
Investors who do not update their chip-based ID cards by the deadline will have their online trading services suspended. They will need to conduct transactions in person at the offices or branches of securities companies until their ID information is updated.
The process for updating ID information varies among securities companies and can be completed either in person or online.
This directive follows an earlier order from Prime Minister Pham Minh Chinh in February, which required the SSC to verify investor information against the national database and to clarify data on securities practitioners by the end of March.
The SSC has also instructed securities companies and fund management firms to review and report the list of licensed practitioners who have worked at their units between January 2021 and June 2024.
