{ "id": 53554, "date": "2025-11-07T09:40:00", "date_gmt": "2025-11-07T02:40:00", "guid": { "rendered": "https:\/\/hbbgroup.net\/chuyen-gia-dragon-capital-thi-truong-viet-nam-lot-tam-ngam-cua-nhieu-quy-dau-tu-dong-von-ngoai-se-som-dao-chieu-mua-rong\/" }, "modified": "2025-11-07T09:40:00", "modified_gmt": "2025-11-07T02:40:00", "slug": "chuyen-gia-dragon-capital-thi-truong-viet-nam-lot-tam-ngam-cua-nhieu-quy-dau-tu-dong-von-ngoai-se-som-dao-chieu-mua-rong", "status": "publish", "type": "post", "link": "https:\/\/hbbgroup.net\/en_us\/chuyen-gia-dragon-capital-thi-truong-viet-nam-lot-tam-ngam-cua-nhieu-quy-dau-tu-dong-von-ngoai-se-som-dao-chieu-mua-rong\/", "title": { "rendered": "Chuy\u00ean gia Dragon Capital: Th\u1ecb tr\u01b0\u1eddng Vi\u1ec7t Nam l\u1ecdt “t\u1ea7m ng\u1eafm” c\u1ee7a nhi\u1ec1u qu\u1ef9 \u0111\u1ea7u t\u01b0, d\u00f2ng v\u1ed1n ngo\u1ea1i s\u1ebd s\u1edbm \u0111\u1ea3o chi\u1ec1u mua r\u00f2ng" }, "content": { "rendered": "
<\/figcaption>

D\u00f2ng v\u1ed1n ngo\u1ea1i s\u1ebd \u0111\u1ea3o chi\u1ec1u mua r\u00f2ng trong 1-2 n\u0103m t\u1edbi <\/b> <\/p>\n

T\u1ea1i h\u1ed9i th\u1ea3o “N\u00e2ng h\u1ea1ng th\u1ecb tr\u01b0\u1eddng\u00a0 – M\u1edf kh\u00f3a c\u01a1 h\u1ed9i” do Ch\u1ee9ng kho\u00e1n VNSC t\u1ed5 ch\u1ee9c, \u00f4ng Nguy\u1ec5n Sang L\u1ed9c – Gi\u00e1m \u0111\u1ed1c Nghi\u1ec7p v\u1ee5 qu\u1ea3n l\u00fd danh m\u1ee5c Dragon Capital <\/b> nh\u1eadn \u0111\u1ecbnh vi\u1ec7c th\u1ecb tr\u01b0\u1eddng \u0111\u01b0\u1ee3c n\u00e2ng h\u1ea1ng FTSE m\u1edbi ch\u1ec9 l\u00e0 b\u01b0\u1edbc \u0111\u1ea7u cho h\u00e0nh tr\u00ecnh h\u01b0\u1edbng t\u1edbi MSCI trong th\u1eddi gian t\u1edbi. <\/p>\n

B\u00ean c\u1ea1nh n\u00e2ng h\u1ea1ng, d\u1ef1 b\u00e1o trong 3-4 n\u0103m t\u1edbi, l\u00e0n s\u00f3ng IPO c\u00f3 th\u1ec3 \u0111\u1ea1t kho\u1ea3ng 47,5 t\u1ef7 USD gi\u00e1 tr\u1ecb doanh nghi\u1ec7p l\u00ean s\u00e0n, tr\u1ea3i d\u00e0i nhi\u1ec1u ng\u00e0nh ngh\u1ec1 t\u1eeb ti\u00eau d\u00f9ng, gi\u1ea3i tr\u00ed \u0111\u1ebfn c\u00f4ng ngh\u1ec7 v\u00e0 d\u1ecbch v\u1ee5 th\u00f4ng tin. Vi\u1ec7c ho\u00e0n thi\u1ec7n khung ph\u00e1p l\u00fd v\u00e0 \u0111a d\u1ea1ng h\u00f3a s\u1ea3n ph\u1ea9m ch\u1ee9ng kho\u00e1n s\u1ebd thu h\u00fat d\u00f2ng v\u1ed1n t\u1eeb c\u00e1c qu\u1ef9 l\u1edbn to\u00e0n c\u1ea7u c\u00f3 quy m\u00f4 \u0111\u1ebfn h\u00e0ng tr\u0103m t\u1ef7 USD,\u00a0 h\u1ed7 tr\u1ee3 doanh nghi\u1ec7p t\u01b0 nh\u00e2n huy \u0111\u1ed9ng v\u1ed1n v\u00e0 m\u1edf r\u1ed9ng s\u1ea3n xu\u1ea5t kinh doanh. <\/p>\n

Trong v\u00e0i n\u0103m qua, kh\u1ed1i ngo\u1ea1i \u0111\u00e3 b\u00e1n r\u00f2ng m\u1ea1nh, \u0111\u1eb7c bi\u1ec7t n\u0103m 2025 kho\u1ea3ng 4 t\u1ef7 USD. Tuy nhi\u00ean, k\u1ef3 v\u1ecdng n\u00e2ng h\u1ea1ng t\u1eeb n\u0103m 2026 \u0111\u01b0\u1ee3c cho l\u00e0 s\u1ebd gi\u00fap d\u00f2ng v\u1ed1n ngo\u1ea1i d\u1ea7n \u0111\u1ea3o chi\u1ec1u, d\u1eebng b\u00e1n r\u00f2ng v\u00e0 quay l\u1ea1i mua r\u00f2ng trong 1-2 n\u0103m t\u1edbi. Theo quan s\u00e1t c\u1ee7a Dragon Capital, nhi\u1ec1u nh\u00e0 \u0111\u1ea7u t\u01b0, \u0111\u1eb7c bi\u1ec7t c\u00e1c qu\u1ef9 t\u1ed5 ch\u1ee9c ch\u01b0a t\u1eebng tham gia v\u00e0o Vi\u1ec7t Nam \u0111ang t\u00ecm hi\u1ec3u v\u00e0 chu\u1ea9n b\u1ecb m\u1edf t\u00e0i kho\u1ea3n, t\u1ea1o \u0111i\u1ec1u ki\u1ec7n cho d\u00f2ng v\u1ed1n ngo\u1ea1i quay l\u1ea1i trong v\u00e0i qu\u00fd t\u1edbi. <\/p>\n

N\u1ec1n t\u1ea3ng cho s\u1ef1 tr\u1edf l\u1ea1i n\u00e0y g\u1ed3m v\u0129 m\u00f4 \u1ed5n \u0111\u1ecbnh, t\u0103ng tr\u01b0\u1edfng cao so v\u1edbi khu v\u1ef1c, ch\u00ednh tr\u1ecb \u1ed5n \u0111\u1ecbnh, th\u1ecb tr\u01b0\u1eddng minh b\u1ea1ch, l\u1ee3i nhu\u1eadn doanh nghi\u1ec7p t\u00edch c\u1ef1c, thanh kho\u1ea3n t\u1ed1t v\u00e0 \u0111a d\u1ea1ng h\u00e0ng h\u00f3a. <\/p>\n

VN-Index c\u00f3 th\u1ec3 \u0111\u1ea1t 1.800 \u0111i\u1ec3m n\u0103m 2026 <\/b> <\/p>\n

\u0110\u1ed3ng quan \u0111i\u1ec3m, b\u00e0 Tr\u1ecbnh H\u1ea3i Ng\u1ecdc Anh – Chuy\u00ean gia C\u00f4ng ty Qu\u1ea3n l\u00fd qu\u1ef9 SSI (SSIAM) <\/b> cho r\u1eb1ng d\u00f2ng v\u1ed1n ngo\u1ea1i trong 2025 c\u00f3 bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh do lo ng\u1ea1i t\u1ef7 gi\u00e1 v\u00e0 ch\u1ed1t l\u1eddi, nh\u01b0ng th\u1ecb tr\u01b0\u1eddng v\u1eabn duy tr\u00ec s\u1ee9c ch\u1ed1ng ch\u1ecbu nh\u1edd nh\u00e0 \u0111\u1ea7u t\u01b0 n\u1ed9i chi\u1ebfm 90% giao d\u1ecbch, t\u1ea1o n\u1ec1n t\u1ea3ng thanh kho\u1ea3n v\u1eefng ch\u1eafc. <\/p>\n

\u0110\u1eb7c bi\u1ec7t, vi\u1ec7c n\u00e2ng h\u1ea1ng l\u00ean th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i l\u00e0 ch\u1ea5t x\u00fac t\u00e1c ch\u00ednh, thu h\u00fat s\u1ef1 ch\u00fa \u00fd c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 to\u00e0n c\u1ea7u, c\u1ee7ng c\u1ed1 ni\u1ec1m tin trong n\u01b0\u1edbc v\u00e0 t\u1ea1o ti\u1ec1n \u0111\u1ec1 cho d\u00f2ng v\u1ed1n ngo\u1ea1i. \u01af\u1edbc t\u00ednh kho\u1ea3ng 1,6 t\u1ef7 USD s\u1ebd ch\u1ea3y v\u00e0o th\u1ecb tr\u01b0\u1eddng t\u1eeb c\u00e1c qu\u1ef9 ETF th\u1ee5 \u0111\u1ed9ng, \u0111\u00f3ng vai tr\u00f2 quan tr\u1ecdng cho th\u1ecb tr\u01b0\u1eddng trong qu\u00fd 4\/2025. <\/p>\n

Chuy\u00ean gia SSIAM k\u1ef3 v\u1ecdng n\u00e2ng h\u1ea1ng l\u00ean th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i s\u1ebd \u0111\u1ea3o chi\u1ec1u d\u00f2ng v\u1ed1n ngo\u1ea1i trung v\u00e0 d\u00e0i h\u1ea1n, trong khi d\u00f2ng ti\u1ec1n n\u1ed9i ti\u1ebfp t\u1ee5c h\u1ed7 tr\u1ee3 h\u1ea5p th\u1ee5 bi\u1ebfn \u0111\u1ed9ng ng\u1eafn h\u1ea1n. Ba y\u1ebfu t\u1ed1 n\u00e2ng h\u1ea1ng, IPO v\u00e0 d\u00f2ng v\u1ed1n n\u1ed9it\u01b0\u01a1ng t\u00e1c l\u1eabn nhau, t\u1ea1o hi\u1ec7u \u1ee9ng c\u1ed9ng h\u01b0\u1edfng, c\u1ee7ng c\u1ed1 s\u1ee9c h\u1ea5p d\u1eabn v\u00e0 quy m\u00f4 th\u1ecb tr\u01b0\u1eddng. <\/p>\n

T\u1ea5t c\u1ea3 nh\u1eefng y\u1ebfu t\u1ed1 t\u00edch c\u1ef1c n\u00e0y di\u1ec5n ra trong b\u1ed1i c\u1ea3nh kinh t\u1ebf v\u0129 m\u00f4 \u1ed5n \u0111\u1ecbnh, v\u1edbi m\u1ee5c ti\u00eau t\u0103ng tr\u01b0\u1edfng GDP kho\u1ea3ng 8% trong 2025 v\u00e0 tr\u00ean 10% giai \u0111o\u1ea1n 2026-2030. C\u00f9ng v\u1edbi s\u1ef1 th\u00fac \u0111\u1ea9y \u0111\u1ea7u t\u01b0 c\u00f4ng v\u00e0 c\u00e1c c\u1ea3i c\u00e1ch v\u1ec1 th\u1ec3 ch\u1ebf, h\u1ea1 t\u1ea7ng nh\u01b0 h\u1ec7 th\u1ed1ng KRX hay Ngh\u1ecb \u0111\u1ecbnh 24, \u0111\u00e2y l\u00e0 t\u00edn hi\u1ec7u t\u00edch c\u1ef1c cho th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n. <\/p>\n

Theo chuy\u00ean gia, th\u1ecb tr\u01b0\u1eddng hi\u1ec7n \u0111ang trong m\u1ed9t chu k\u1ef3 t\u0103ng tr\u01b0\u1edfng m\u1edbi, v\u1edbi VN-Index \u0111\u00e3 t\u0103ng 55% k\u1ec3 t\u1eeb \u0111\u00e1y th\u00e1ng 4\/2025. P\/E c\u1ee7a VN-Index v\u00e0o th\u00e1ng 10\/2025 \u1edf m\u1ee9c 14,9 l\u1ea7n, g\u1ea7n v\u1edbi m\u1ee9c trung b\u00ecnh 10 n\u0103m. D\u1ef1 b\u00e1o P\/E cho n\u0103m 2026 kho\u1ea3ng 12 l\u1ea7n, th\u1ea5p h\u01a1n m\u1ee9c trung b\u00ecnh l\u1ecbch s\u1eed, cho th\u1ea5y th\u1ecb tr\u01b0\u1eddng v\u1eabn c\u00f2n ti\u1ec1m n\u0103ng t\u0103ng gi\u00e1. <\/p>\n

Theo quan \u0111i\u1ec3m c\u1ee7a SSIAM, m\u1ee5c ti\u00eau 1.800 \u0111i\u1ec3m cho n\u0103m 2026 l\u00e0 h\u1ee3p l\u00fd, ph\u1ea3n \u00e1nh ti\u1ec1m n\u0103ng t\u0103ng tr\u01b0\u1edfng d\u1ef1a tr\u00ean c\u01a1 s\u1edf \u0111\u1ecbnh gi\u00e1 doanh nghi\u1ec7p. Tuy nhi\u00ean,\u00a0c\u00e1c r\u1ee7i ro ti\u1ec1m \u1ea9n cu\u1ed1i 2025 v\u00e0 2026 v\u1eabn hi\u1ec7n h\u1eefu, bao g\u1ed3m r\u1ee7i ro t\u1ef7 gi\u00e1, m\u1ee9c s\u1eed d\u1ee5ng margin cao, b\u1ea5t \u0111\u1ecbnh kinh t\u1ebf to\u00e0n c\u1ea7u, \u0111\u1ecba ch\u00ednh tr\u1ecb v\u00e0 kh\u1ea3 n\u0103ng tri\u1ec3n khai c\u1ea3i c\u00e1ch. <\/p>\n

Nh\u00ecn chung, chuy\u00ean gia cho r\u1eb1ng qu\u00fd 4\/2025 l\u00e0 giai \u0111o\u1ea1n b\u1ea3n l\u1ec1 v\u1edbi nhi\u1ec1u y\u1ebfu t\u1ed1 t\u00edch c\u1ef1c, t\u1ea1o \u0111\u00e0 cho th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam b\u01b0\u1edbc v\u00e0o chu k\u1ef3 t\u0103ng tr\u01b0\u1edfng b\u1ec1n v\u1eefng. <\/p>\n<\/p><\/div>", "protected": false }, "excerpt": { "rendered": "

D\u00f2ng v\u1ed1n ngo\u1ea1i s\u1ebd \u0111\u1ea3o chi\u1ec1u mua r\u00f2ng trong 1-2 n\u0103m t\u1edbi T\u1ea1i h\u1ed9i th\u1ea3o “N\u00e2ng h\u1ea1ng th\u1ecb tr\u01b0\u1eddng\u00a0 – […]<\/p>", "protected": false }, "author": 5, "featured_media": 53556, "comment_status": "open", "ping_status": "open", "sticky": false, "template": "", "format": "standard", "meta": { "_acf_changed": false, "footnotes": "" }, "categories": [ 221 ], "tags": [], "class_list": [ "post-53554", "post", "type-post", "status-publish", "format-standard", "has-post-thumbnail", "hentry", "category-chung-khoan" ], "acf": [], "_links": { "self": [ { "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/posts\/53554", "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\/5" } ], "replies": [ { "embeddable": true, "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/comments?post=53554" } ], "version-history": [ { "count": 0, "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/posts\/53554\/revisions" } ], "wp:featuredmedia": [ { "embeddable": true, "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/media\/53556" } ], "wp:attachment": [ { "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/media?parent=53554" } ], "wp:term": [ { "taxonomy": "category", "embeddable": true, "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/categories?post=53554" }, { "taxonomy": "post_tag", "embeddable": true, "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/tags?post=53554" } ], "curies": [ { "name": "wp", "href": "https:\/\/api.w.org\/{rel}", "templated": true } ] } }