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Citizens in Vietnam can now open stock trading accounts directly through the Ministry of Public Security’s VNeID app, alongside administrative and banking transactions. The move is positioned as a new step in using national population data to simplify financial procedures for individuals.
VCBS, a securities company of Vietnam Joint Stock Commercial Bank for Foreign Trade, pioneered the integration of this solution. Under the process, citizens who have completed Level-2 electronic identification can connect their information to open a securities account directly on the VNeID platform.
Compared with traditional methods, users do not need to complete manual registration steps or visit transaction points to finalize paperwork. With a smartphone that has the VNeID app installed, the account-opening process is described as faster and more convenient.
A key advantage of opening an account via VNeID is that electronic identification (eKYC) and biometric verification are handled automatically by the system:
The integration by institutions such as VCBS is presented as evidence of a broader digital transformation trend in Vietnam’s financial sector, with eKYC access and authentication conducted through a single national digital identity platform.
For details, customers may contact the VCBS Contact Center at 1900 98 9999 or visit www.vcbs.com.vn for consultation and support.
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