{ "id": 46483, "date": "2025-09-03T15:53:50", "date_gmt": "2025-09-03T08:53:50", "guid": { "rendered": "https:\/\/hbbgroup.net\/thi-truong-chung-khoan-don-chu-ky-tang-truong-moi\/" }, "modified": "2025-09-03T15:53:50", "modified_gmt": "2025-09-03T08:53:50", "slug": "thi-truong-chung-khoan-don-chu-ky-tang-truong-moi", "status": "publish", "type": "post", "link": "https:\/\/hbbgroup.net\/en_us\/thi-truong-chung-khoan-don-chu-ky-tang-truong-moi\/", "title": { "rendered": "Th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n \u0111\u00f3n chu k\u1ef3 t\u0103ng tr\u01b0\u1edfng m\u1edbi" }, "content": { "rendered": "
\n

Th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n \u0111\u00f3n chu k\u1ef3 t\u0103ng tr\u01b0\u1edfng m\u1edbi<\/p>\n

Th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam \u0111ang \u0111\u1ee9ng tr\u01b0\u1edbc m\u1ed9t giao \u0111i\u1ec3m mang t\u00ednh b\u01b0\u1edbc ngo\u1eb7t – n\u01a1i c\u00e1c \u0111\u1ed9ng l\u1ef1c t\u1eeb ch\u00ednh s\u00e1ch v\u0129 m\u00f4, k\u1ef3 v\u1ecdng n\u00e2ng h\u1ea1ng v\u00e0 d\u00f2ng v\u1ed1n qu\u1ed1c t\u1ebf \u0111ang h\u1ed9i t\u1ee5, h\u1ee9a h\u1eb9n \u0111\u1ecbnh h\u00ecnh m\u1ed9t chu k\u1ef3 t\u0103ng tr\u01b0\u1edfng m\u1edbi c\u1ea3 v\u1ec1 l\u01b0\u1ee3ng v\u00e0 ch\u1ea5t. D\u00f9 nh\u1eefng th\u00e1ch th\u1ee9c ng\u1eafn h\u1ea1n v\u1eabn hi\u1ec7n h\u1eefu, b\u1ee9c tranh d\u00e0i h\u1ea1n \u0111ang d\u1ea7n tr\u1edf n\u00ean s\u00e1ng r\u00f5 h\u01a1n bao gi\u1edd h\u1ebft.<\/p>\n

<\/p>\n

B\u1ec7 \u0111\u1ee1 v\u1eefng ch\u1eafc t\u1eeb v\u0129 m\u00f4 v\u00e0 ch\u00ednh s\u00e1ch<\/p>\n

\u0110\u1ed9ng l\u1ef1c t\u0103ng tr\u01b0\u1edfng c\u1ee7a th\u1ecb tr\u01b0\u1eddng \u0111ang \u0111\u01b0\u1ee3c c\u1ee7ng c\u1ed1 b\u1edfi 3 tr\u1ee5 c\u1ed9t ch\u00ednh. <\/p>\n

Th\u1ee9 nh\u1ea5t, m\u00f4i tr\u01b0\u1eddng ti\u1ec1n t\u1ec7 to\u00e0n c\u1ea7u \u0111ang tr\u1edf n\u00ean thu\u1eadn l\u1ee3i h\u01a1n. Vi\u1ec7c C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang M\u1ef9 (Fed) d\u1ef1 ki\u1ebfn b\u01b0\u1edbc v\u00e0o chu k\u1ef3 h\u1ea1 l\u00e3i su\u1ea5t trong nh\u1eefng th\u00e1ng cu\u1ed1i n\u0103m s\u1ebd t\u1ea1o \u00e1p l\u1ef1c l\u00ean \u0111\u1ed3ng USD<\/span>. T\u1eeb \u0111\u00f3, kh\u00f4ng ch\u1ec9 gi\u00fap gi\u1ea3m s\u1ee9c \u00e9p l\u00ean t\u1ef7 gi\u00e1 trong n\u01b0\u1edbc m\u00e0 c\u00f2n l\u00e0 y\u1ebfu t\u1ed1 then ch\u1ed1t \u0111\u1ec3 l\u00e0m d\u1ecbu \u0111\u00e0 b\u00e1n r\u00f2ng c\u1ee7a kh\u1ed1i ngo\u1ea1i, t\u1ea1o \u0111i\u1ec1u ki\u1ec7n cho d\u00f2ng v\u1ed1n \u0111\u1ea7u t\u01b0 qu\u1ed1c t\u1ebf quay tr\u1edf l\u1ea1i c\u00e1c th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i nh\u01b0 Vi\u1ec7t Nam.<\/p>\n

Th\u1ee9 hai, c\u00e2u chuy\u1ec7n n\u00e2ng h\u1ea1ng th\u1ecb tr\u01b0\u1eddng t\u1eeb c\u1eadn bi\u00ean l\u00ean m\u1edbi n\u1ed5i \u0111ang b\u01b0\u1edbc v\u00e0o giai \u0111o\u1ea1n quy\u1ebft \u0111\u1ecbnh. \u0110\u00e2y \u0111\u01b0\u1ee3c xem l\u00e0 \u201cc\u00fa h\u00edch\u201d mang t\u00ednh l\u1ecbch s\u1eed, c\u00f3 kh\u1ea3 n\u0103ng thu h\u00fat h\u00e0ng t\u1ef7 USD<\/span> t\u1eeb c\u00e1c qu\u1ef9 \u0111\u1ea7u t\u01b0 quy m\u00f4 l\u1edbn, \u0111\u1eb7c bi\u1ec7t l\u00e0 c\u00e1c qu\u1ef9 ch\u1ec9 s\u1ed1 to\u00e0n c\u1ea7u. Quan tr\u1ecdng h\u01a1n, qu\u00e1 tr\u00ecnh n\u00e0y c\u00f2n l\u00e0 ch\u1ea5t x\u00fac t\u00e1c m\u1ea1nh m\u1ebd, bu\u1ed9c th\u1ecb tr\u01b0\u1eddng ph\u1ea3i t\u1ef1 c\u1ea3i thi\u1ec7n c\u00e1c chu\u1ea9n m\u1ef1c v\u1ec1 minh b\u1ea1ch th\u00f4ng tin, qu\u1ea3n tr\u1ecb doanh nghi\u1ec7p v\u00e0 hi\u1ec7n \u0111\u1ea1i h\u00f3a h\u1ea1 t\u1ea7ng giao d\u1ecbch. <\/p>\n

Th\u1ee9 ba, c\u00e1c ch\u00ednh s\u00e1ch h\u1ed7 tr\u1ee3 t\u1eeb trong n\u01b0\u1edbc ti\u1ebfp t\u1ee5c l\u00e0 \u0111i\u1ec3m t\u1ef1a quan tr\u1ecdng. Vi\u1ec7c th\u00ed \u0111i\u1ec3m n\u1edbi room t\u00edn d\u1ee5ng, m\u1eb7t b\u1eb1ng l\u00e3i su\u1ea5t cho vay duy tr\u00ec \u1edf m\u1ee9c th\u1ea5p v\u00e0 c\u00e1c gi\u1ea3i ph\u00e1p c\u1ea3i thi\u1ec7n kh\u1ea3 n\u0103ng ti\u1ebfp c\u1eadn v\u1ed1n s\u1ebd tr\u1ef1c ti\u1ebfp n\u00e2ng \u0111\u1ee1 \u201cs\u1ee9c kh\u1ecfe\u201d t\u00e0i ch\u00ednh c\u1ee7a doanh nghi\u1ec7p. Khi doanh nghi\u1ec7p v\u1eefng m\u1ea1nh, th\u1ecb tr\u01b0\u1eddng v\u1ed1n t\u1ea5t y\u1ebfu s\u1ebd \u0111\u01b0\u1ee3c h\u01b0\u1edfng l\u1ee3i.<\/p>\n

B\u1ee9c tranh sau n\u00e2ng h\u1ea1ng – T\u1eeb d\u00f2ng ti\u1ec1n \u0111\u1ebfn ch\u1ea5t l\u01b0\u1ee3ng <\/p>\n

Sau giai \u0111o\u1ea1n h\u01b0ng ph\u1ea5n ban \u0111\u1ea7u \u0111\u01b0\u1ee3c th\u00fac \u0111\u1ea9y b\u1edfi d\u00f2ng v\u1ed1n ngo\u1ea1i, th\u1ecb tr\u01b0\u1eddng s\u1ebd b\u01b0\u1edbc v\u00e0o giai \u0111o\u1ea1n ph\u00e1t tri\u1ec3n m\u1edbi, t\u1eadp trung v\u00e0o y\u1ebfu t\u1ed1 c\u1ed1t l\u00f5i l\u00e0 ch\u1ea5t l\u01b0\u1ee3ng v\u00e0 s\u1ef1 \u0111a d\u1ea1ng c\u1ee7a \u201ch\u00e0ng h\u00f3a\u201d ni\u00eam y\u1ebft.<\/p>\n

Khi \u0111\u00f3, c\u1ea3 nh\u00e0 \u0111\u1ea7u t\u01b0 qu\u1ed1c t\u1ebf v\u00e0 trong n\u01b0\u1edbc s\u1ebd c\u00f3 xu h\u01b0\u1edbng \u0111\u00e1nh gi\u00e1 s\u00e2u h\u01a1n v\u00e0o n\u1ec1n t\u1ea3ng c\u01a1 b\u1ea3n c\u1ee7a doanh nghi\u1ec7p, bao g\u1ed3m: doanh thu, l\u1ee3i nhu\u1eadn, t\u1ed1c \u0111\u1ed9 t\u0103ng tr\u01b0\u1edfng b\u1ec1n v\u1eefng v\u00e0 hi\u1ec7u qu\u1ea3 s\u1eed d\u1ee5ng v\u1ed1n. Th\u1ecb tr\u01b0\u1eddng s\u1ebd kh\u00f4ng c\u00f2n t\u0103ng tr\u01b0\u1edfng d\u00e0n tr\u1ea3i m\u00e0 s\u1ebd c\u00f3 s\u1ef1 ph\u00e2n h\u00f3a m\u1ea1nh m\u1ebd. <\/p>\n

S\u1ef1 xu\u1ea5t hi\u1ec7n c\u1ee7a c\u00e1c th\u01b0\u01a1ng v\u1ee5 IPO quy m\u00f4 l\u1edbn t\u1eeb nh\u1eefng doanh nghi\u1ec7p \u0111\u1ea7u ng\u00e0nh s\u1ebd n\u00e2ng t\u1ea7m chi\u1ec1u s\u00e2u v\u00e0 s\u1ee9c h\u1ea5p d\u1eabn c\u1ee7a th\u1ecb tr\u01b0\u1eddng, gi\u00fap ch\u1ec9 s\u1ed1 VN-Index<\/a> ph\u1ea3n \u00e1nh s\u00e1t th\u1ef1c t\u1ebf h\u01a1n s\u1ee9c kh\u1ecfe c\u1ee7a n\u1ec1n kinh t\u1ebf. \u0110\u00e2y l\u00e0 l\u00fac th\u1ecb tr\u01b0\u1eddng chuy\u1ec3n d\u1ecbch m\u00f4 h\u00ecnh t\u0103ng tr\u01b0\u1edfng t\u1eeb \u201ct\u0103ng nh\u1edd d\u00f2ng ti\u1ec1n\u201d sang \u201ct\u0103ng nh\u1edd n\u1ed9i l\u1ef1c doanh nghi\u1ec7p\u201d.<\/p>\n

Th\u00e1ch th\u1ee9c ng\u1eafn h\u1ea1n v\u00e0 nh\u1eefng nh\u1ecbp \u201cth\u1eed l\u1eeda\u201d <\/p>\n

Tuy nhi\u00ean, con \u0111\u01b0\u1eddng ph\u00eda tr\u01b0\u1edbc kh\u00f4ng ho\u00e0n to\u00e0n b\u1eb1ng ph\u1eb3ng. Sau m\u1ed9t chu k\u1ef3 t\u0103ng tr\u01b0\u1edfng k\u00e9o d\u00e0i, th\u1ecb tr\u01b0\u1eddng \u0111ang v\u1eadn \u0111\u1ed9ng t\u1ea1i v\u00f9ng \u0111\u1ec9nh l\u1ecbch s\u1eed v\u00e0 nhi\u1ec1u ch\u1ec9 b\u00e1o k\u1ef9 thu\u1eadt \u0111ang ph\u00e1t \u0111i t\u00edn hi\u1ec7u \u201cqu\u00e1 mua\u201d (overbought). Theo \u0111\u00f3, l\u00e0m gia t\u0103ng kh\u1ea3 n\u0103ng xu\u1ea5t hi\u1ec7n c\u00e1c nh\u1ecbp \u0111i\u1ec1u ch\u1ec9nh \u0111\u1ec3 h\u1ea5p th\u1ee5 l\u1ef1c ch\u1ed1t l\u1eddi ng\u1eafn h\u1ea1n.<\/p>\n

M\u1ed1c 1,600 \u0111i\u1ec3m hi\u1ec7n kh\u00f4ng ch\u1ec9 l\u00e0 ng\u01b0\u1ee1ng kh\u00e1ng c\u1ef1 k\u1ef9 thu\u1eadt m\u00e0 c\u00f2n l\u00e0 m\u1ed9t ng\u01b0\u1ee1ng c\u1ea3n t\u00e2m l\u00fd quan tr\u1ecdng. N\u1ebfu ch\u1ec9 s\u1ed1 kh\u00f4ng th\u1ec3 gi\u1eef v\u1eefng m\u1ed1c n\u00e0y v\u1edbi thanh kho\u1ea3n l\u1edbn, th\u1ecb tr\u01b0\u1eddng c\u00f3 th\u1ec3 b\u01b0\u1edbc v\u00e0o m\u1ed9t giai \u0111o\u1ea1n \u0111i\u1ec1u ch\u1ec9nh s\u00e2u h\u01a1n tr\u01b0\u1edbc khi t\u00ecm th\u1ea5y \u0111i\u1ec3m c\u00e2n b\u1eb1ng m\u1edbi. Nh\u1eefng nh\u1ecbp rung l\u1eafc nh\u01b0 v\u1eady l\u00e0 kh\u00f3 tr\u00e1nh kh\u1ecfi v\u00e0 c\u1ea7n \u0111\u01b0\u1ee3c xem l\u00e0 m\u1ed9t ph\u1ea7n t\u1ea5t y\u1ebfu c\u1ee7a qu\u00e1 tr\u00ecnh \u0111i l\u00ean. <\/p>\n

Chi\u1ebfn l\u01b0\u1ee3c n\u00e0o cho nh\u00e0 \u0111\u1ea7u t\u01b0?<\/p>\n

Trong b\u1ed1i c\u1ea3nh \u201ccao tr\u00e0o ng\u1eafn h\u1ea1n \u0111an xen ti\u1ec1m n\u0103ng d\u00e0i h\u1ea1n\u201d, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n m\u1ed9t chi\u1ebfn l\u01b0\u1ee3c linh ho\u1ea1t nh\u01b0ng nh\u1ea5t qu\u00e1n. <\/p>\n

Trong ng\u1eafn h\u1ea1n, c\u1ea7n chu\u1ea9n b\u1ecb t\u00e2m l\u00fd cho c\u00e1c \u0111\u1ee3t rung l\u1eafc v\u00e0 \u0111i\u1ec1u ch\u1ec9nh. \u0110\u00e2y kh\u00f4ng ph\u1ea3i l\u00e0 t\u00edn hi\u1ec7u c\u1ee7a s\u1ef1 \u0111\u1ea3o chi\u1ec1u xu h\u01b0\u1edbng, m\u00e0 l\u00e0 nh\u1eefng \u201cb\u01b0\u1edbc l\u00f9i c\u1ea7n thi\u1ebft\u201d \u0111\u1ec3 c\u1ee7ng c\u1ed1 n\u1ec1n t\u1ea3ng cho m\u1ed9t chu k\u1ef3 t\u0103ng gi\u00e1 b\u1ec1n v\u1eefng h\u01a1n.<\/p>\n

Trong trung v\u00e0 d\u00e0i h\u1ea1n, c\u00e1c y\u1ebfu t\u1ed1 n\u1ec1n t\u1ea3ng v\u1eabn \u0111ang \u1ee7ng h\u1ed9 m\u1ed9t xu h\u01b0\u1edbng \u0111i l\u00ean. Tri\u1ec3n v\u1ecdng v\u0129 m\u00f4 thu\u1eadn l\u1ee3i, c\u01a1 h\u1ed9i n\u00e2ng h\u1ea1ng r\u00f5 r\u00e0ng v\u00e0 s\u1ef1 c\u1ea3i thi\u1ec7n v\u1ec1 ch\u1ea5t l\u01b0\u1ee3ng doanh nghi\u1ec7p ni\u00eam y\u1ebft s\u1ebd l\u00e0 c\u00e2u chuy\u1ec7n ch\u00ednh d\u1eabn d\u1eaft th\u1ecb tr\u01b0\u1eddng. <\/p>\n

Nh\u1eefng nh\u1ecbp \u0111i\u1ec1u ch\u1ec9nh c\u1ee7a th\u1ecb tr\u01b0\u1eddng kh\u00f4ng ch\u1ec9 l\u00e0 th\u1eed th\u00e1ch m\u00e0 c\u00f2n l\u00e0 c\u01a1 h\u1ed9i v\u00e0ng \u0111\u1ec3 t\u00e1i c\u01a1 c\u1ea5u danh m\u1ee5c, h\u01b0\u1edbng d\u00f2ng v\u1ed1n v\u00e0o c\u00e1c c\u1ed5 phi\u1ebfu c\u00f3 n\u1ec1n t\u1ea3ng c\u01a1 b\u1ea3n m\u1ea1nh, s\u1edf h\u1eefu c\u00e2u chuy\u1ec7n t\u0103ng tr\u01b0\u1edfng ri\u00eang v\u00e0 h\u01b0\u1edfng l\u1ee3i tr\u1ef1c ti\u1ebfp t\u1eeb c\u1ea3 d\u00f2ng v\u1ed1n ngo\u1ea1i l\u1eabn xu h\u01b0\u1edbng n\u00e2ng t\u1ea7m ch\u1ea5t l\u01b0\u1ee3ng c\u1ee7a th\u1ecb tr\u01b0\u1eddng. Chi\u1ebfn l\u01b0\u1ee3c kh\u00f4n ngoan l\u00fac n\u00e0y l\u00e0 k\u1ebft h\u1ee3p qu\u1ea3n tr\u1ecb r\u1ee7i ro ng\u1eafn h\u1ea1n v\u1edbi m\u1ed9t t\u1ea7m nh\u00ecn d\u00e0i h\u1ea1n, bi\u1ebfn nh\u1eefng con s\u00f3ng tr\u01b0\u1edbc m\u1eaft th\u00e0nh c\u01a1 h\u1ed9i \u0111\u1ec3 \u0111\u00f3n \u0111\u1ea7u m\u1ed9t chu k\u1ef3 t\u0103ng tr\u01b0\u1edfng m\u1edbi, v\u1eefng v\u00e0ng v\u00e0 ch\u1ea5t l\u01b0\u1ee3ng h\u01a1n.<\/p>\n

Nguy\u1ec5n Quang Huy – CEO Khoa T\u00e0i ch\u00ednh – Ng\u00e2n h\u00e0ng, Tr\u01b0\u1eddng \u0111\u1ea1i h\u1ecdc Nguy\u1ec5n Tr\u00e3i<\/a><\/p>\n

FILI<\/a><\/p>\n

– 07:49 20\/08\/2025<\/p>\n<\/p><\/div>", "protected": false }, "excerpt": { "rendered": "

Th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n \u0111\u00f3n chu k\u1ef3 t\u0103ng tr\u01b0\u1edfng m\u1edbi Th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam \u0111ang \u0111\u1ee9ng tr\u01b0\u1edbc m\u1ed9t […]<\/p>", "protected": false }, "author": 1, "featured_media": 46484, "comment_status": "open", "ping_status": "open", "sticky": false, "template": "", "format": "standard", "meta": { "_acf_changed": false, "footnotes": "" }, "categories": [ 229 ], "tags": [], "class_list": [ "post-46483", "post", "type-post", "status-publish", "format-standard", "has-post-thumbnail", "hentry", "category-y-kien-chuyen-gia" ], "acf": [], "_links": { "self": [ { "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/posts\/46483", "targetHints": { "allow": [ "GET" ] } } ], "collection": [ { "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/posts" } ], "about": [ { "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/types\/post" } ], "author": [ { "embeddable": true, "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/users\/1" } ], "replies": [ { "embeddable": true, "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/comments?post=46483" } ], "version-history": [ { "count": 0, "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/posts\/46483\/revisions" } ], "wp:featuredmedia": [ { "embeddable": true, "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/media\/46484" } ], "wp:attachment": [ { "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/media?parent=46483" } ], "wp:term": [ { "taxonomy": "category", "embeddable": true, "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/categories?post=46483" }, { "taxonomy": "post_tag", "embeddable": true, "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/tags?post=46483" } ], "curies": [ { "name": "wp", "href": "https:\/\/api.w.org\/{rel}", "templated": true } ] } }