From January 1, 2025, the following securities accounts will be temporarily suspended from providing online trading services.

According to Official Dispatch 6435/UBCK-CNTT dated September 30, 2024 of the State Securities Commission on reviewing and standardizing data of investors and securities practitioners according to Project 06/CP, from January 1, 2025, Securities companies will only provide online securities trading services for accounts with investor information matching the National Database/electronic identification and authentication system/chip-embedded CCCD/ID card.

In cases where investors have completed the reconciliation, update and standardization of account information, the units will provide normal services. In cases where there is no coordination to update and standardize information, the SSC requests that the units request investors to come to trade securities directly at the counter and continue to take measures to standardize data information when investors trade directly at the counter.

Previously, in Official Dispatch 4501/UBCK-CNTT dated July 19, 2024 of the State Securities Commission, it was stated that from October 1, 2024, to ensure the principles of electronic transactions on the stock market as prescribed in Article 4 of Circular 134/2017/TT-BTC; Units will only provide online securities trading services for accounts with investor information matching the National Database/electronic identification and authentication system/chip-embedded CCCD/ID card.

However, in Official Dispatch 6435/UBCK-CNTT, the State Securities Commission has postponed the above deadline. Securities companies are requested to urgently contact and request individual investors to verify and update account information, to be completed before January 1, 2025.

At the request of the State Securities Commission, securities companies have notified investors about updating/adjusting information through online, postal and direct forms at the Headquarters/Branch/Transaction Office/Customer Service Center of the securities company… with a deadline before January 1, 2025 to avoid affecting the use of online services.

VSDC data recorded that by the end of November 2024, domestic individual investors had a total of nearly 9.1 million securities accounts, equivalent to about 9% of the population, completing the target ahead of schedule in 2025 and aiming for 11 million accounts by 2030. The total number of foreign investor accounts reached 47,598 accounts.

Currently, online stock trading is the most popular method in the stock market. With just an Internet connection, investors can access their accounts, look up portfolios, place buy and sell orders, and deposit/withdraw money through online website platforms or mobile applications.

Source: cafef.vn