From October 1, stop online stock trading if you do not update your citizen identification

Many securities companies have sent notices to customers to update their latest citizen identification cards, ensuring that the information matches the National Population Database.

Investors will have to stop trading stocks online if they do not update their citizen identification from October 1 - Photo: QUANG DINH

Notice requiring investors to update citizen identification information is issued by a series of Securities company sent to investors.

This update is carried out in accordance with project 06/CP and the official dispatch of the Securities Commission on reviewing and standardizing investor data.

Representative of the Joint Stock Company VPS Securities (VPS) recommends that customers update the above information according to their current and valid citizen identification or identification card.

According to VPS, this update ensures that the information registered at the securities company matches the information registered at the National Population Database.

Completion date should be before October 1st.

"After this period, if the investor's identification information on VPS does not match the information on the National Population Database, the investor may encounter service limitations. stock trading online and need to make transactions directly at the branch office or transaction office," the announcement from VPS stated.

To avoid interruptions during transactions, FPT Securities Joint Stock Company (FPTS) also recommends that investors update their latest chip-embedded citizen identification information at FPTS either directly or online.

If updating online, FPTS requires investors to send a photo of both sides of the new citizen ID card with a clear photo, face and number and the old ID card or QR code information on the new citizen ID card via email to complete the procedure to change personal information.

In addition to VPS or FPTS, investors opening accounts at other securities companies also received similar notices and the same "deadline".

Some places even require that even when making transactions at the counter, customers still have to standardize information.

According to data from the Vietnam Securities Depository (VSD), as of the end of July 2024, the total number of securities accounts of domestic investors reached more than 8.33 million accounts, the highest ever.

Of these, individual investors have more than 8.11 million accounts, equivalent to about 8% of the population. Vietnam aims to reach 9 million accounts by 2025 and 11 million accounts by 2030.

Source