Unprecedented in Vietnam's stock market in 23 years

According to data from the Vietnam Securities Depository (VSD), in October, the number of securities accounts of domestic individual investors decreased by 378,137 units to 7.38 million accounts.

Of which, domestic individual investors opened 167,189 accounts and closed 545,326 accounts.

In 23 years of operation, this is the first time the number of securities accounts of domestic investors has decreased. The number of accounts decreased in October was even larger than the total number of newly opened accounts in the previous 2 months.

This decline occurred in the context of many negative developments in the stock market. In October, the VN-Index decreased by nearly 11% and became the stock index with the strongest decline in the world .

In addition, in October, the Government requested the State Securities Commission to connect with the national population database to clean up data on securities trading participants. This task is required to be completed by November.

According to the State management agency, cleaning user data is the process of comparing user information to ensure consistency and eliminating incorrect, duplicate or virtual data.

In contrast to domestic investors, in October, foreign investors continued to open 246 new accounts, a slight decrease compared to 253 accounts in September. At the end of October, foreign investors had a total of 44,952 accounts .

Source