{"id":48191,"date":"2025-09-08T07:54:27","date_gmt":"2025-09-08T00:54:27","guid":{"rendered":"https:\/\/hbbgroup.net\/kich-ban-cho-thi-truong-chung-khoan-sau-phien-roi-sau-day-hoang-mang\/"},"modified":"2025-09-08T07:54:27","modified_gmt":"2025-09-08T00:54:27","slug":"kich-ban-cho-thi-truong-chung-khoan-sau-phien-roi-sau-day-hoang-mang","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/vi\/kich-ban-cho-thi-truong-chung-khoan-sau-phien-roi-sau-day-hoang-mang\/","title":{"rendered":"K\u1ecbch b\u1ea3n cho th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n sau phi\u00ean r\u01a1i s\u00e2u \u0111\u1ea7y hoang mang"},"content":{"rendered":"
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\"K\u1ecbch<\/p>

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Th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n v\u1eabn \u0111\u01b0\u1ee3c \u0111\u00e1nh gi\u00e1 t\u00edch c\u1ef1c trong trung v\u00e0 d\u00e0i h\u1ea1n, \u0111\u1eb7c bi\u1ec7t n\u1ebfu \u0111\u01b0\u1ee3c n\u00e2ng h\u1ea1ng – \u1ea2nh: QUANG \u0110\u1ecaNH<\/p>\n<\/figcaption><\/figure>\n

Hai k\u1ecbch b\u1ea3n cho th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n<\/h2>\n

* \u00d4ng \u0110\u1ed3ng Thanh Tu\u1ea5n – chuy\u00ean gia Ch\u1ee9ng kho\u00e1n Mirae Asset Vi\u1ec7t Nam:<\/b><\/p>\n

– K\u1ef3 \u0111\u00e1nh gi\u00e1 c\u1ee7a FTSE Russell<\/a> v\u1ec1 c\u01a1 h\u1ed9i n\u00e2ng h\u1ea1ng th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n l\u00ean th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i v\u00e0 quy\u1ebft \u0111\u1ecbnh h\u1ea1 l\u00e3i su\u1ea5t c\u1ee7a C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang M\u1ef9 (Fed) \u0111\u01b0\u1ee3c quan t\u00e2m trong th\u00e1ng 9 n\u00e0y.<\/p>\n

Song th\u1ef1c t\u1ebf, c\u1ea3 hai c\u00e2u chuy\u1ec7n tr\u00ean \u0111\u1ec1u kh\u00f4ng m\u1edbi trong khi b\u1ea5t k\u1ef3 s\u1ef1 bi\u1ebfn thi\u00ean v\u1ec1 m\u1eb7t th\u00f4ng tin \u0111\u1ec1u s\u1ebd l\u00e0 d\u1ea5u hi\u1ec7u \u0111\u1ec3 nh\u00e0 \u0111\u1ea7u t\u01b0 ch\u1ed1t l\u1eddi, nh\u1eb1m b\u1ea3o to\u00e0n th\u00e0nh qu\u1ea3 \u0111\u00e3 t\u00edch l\u0169y \u1edf nh\u1eefng th\u00e1ng g\u1ea7n nh\u1ea5t.<\/p>\n

Ch\u00fang t\u00f4i c\u0169ng kh\u00f4ng qu\u00e1 l\u1ea1c quan v\u1ec1 quy\u1ebft \u0111\u1ecbnh h\u1ea1 l\u00e3i su\u1ea5t c\u1ee7a Fed<\/a> \u1edf th\u1eddi \u0111i\u1ec3m hi\u1ec7n t\u1ea1i, khi t\u00e1c \u0111\u1ed9ng c\u1ee7a th\u01b0\u01a1ng chi\u1ebfn tr\u00ean di\u1ec7n r\u1ed9ng s\u1ebd ti\u1ebfp t\u1ee5c t\u00e1c \u0111\u1ed9ng v\u00e0o l\u1ea1m ph\u00e1t trong th\u1eddi gian t\u1edbi – \u0111i\u1ec1u n\u00e0y s\u1ebd ti\u1ebfp t\u1ee5c l\u00e0m h\u1ea1n ch\u1ebf d\u01b0 \u0111\u1ecba h\u1ea1 l\u00e3i su\u1ea5t c\u1ee7a Fed trong n\u0103m 2026, v\u00e0 \u00e1p l\u1ef1c t\u1ec9 gi\u00e1 \u0111\u1ed1i v\u1edbi Vi\u1ec7t Nam s\u1ebd v\u1eabn c\u00f2n hi\u1ec7n h\u1eefu.<\/p>\n

\u0110\u1ed1i v\u1edbi tri\u1ec3n v\u1ecdng giao d\u1ecbch c\u1ee7a th\u00e1ng 9 v\u00e0 ph\u1ea7n c\u00f2n l\u1ea1i c\u1ee7a n\u0103m 2025, ch\u00fang t\u00f4i duy tr\u00ec s\u1ef1 l\u1ea1c quan v\u1ec1 trung v\u00e0 d\u00e0i h\u1ea1n r\u1eb1ng VN-Index v\u1eabn c\u00f2n d\u01b0 \u0111\u1ecba t\u0103ng \u0111\u1ec3 h\u01b0\u1edbng v\u1ec1 m\u1ed1c \u0111\u1ec9nh l\u1ecbch s\u1eed m\u1edbi t\u1ea1i 1.800 – 2.000 \u0111i\u1ec3m, n\u1ebfu xung l\u1ef1c t\u0103ng \u0111\u01b0\u1ee3c duy tr\u00ec nh\u01b0 \u1edf th\u1eddi \u0111i\u1ec3m hi\u1ec7n t\u1ea1i v\u00e0 \u00e1p l\u1ef1c t\u1ec9 gi\u00e1 s\u1ebd duy tr\u00ec trong ng\u01b0\u1ee1ng cho ph\u00e9p c\u1ee7a Ng\u00e2n h\u00e0ng Nh\u00e0 n\u01b0\u1edbc.<\/p>\n

Do \u0111\u00f3 ch\u00fang t\u00f4i \u0111\u01b0a ra hai k\u1ecbch b\u1ea3n \u0111\u1ed1i v\u1edbi di\u1ec5n bi\u1ebfn giao d\u1ecbch c\u1ee7a ch\u1ec9 s\u1ed1 VN-Index \u1edf c\u00e1c th\u00e1ng c\u00f2n l\u1ea1i c\u1ee7a n\u0103m 2025.<\/p>\n

K\u1ecbch b\u1ea3n c\u01a1 s\u1edf: VN-Index \u0111\u01b0\u1ee3c k\u1ef3 v\u1ecdng thi\u1ebft l\u1eadp v\u00f9ng h\u1ed7 tr\u1ee3 ng\u1eafn h\u1ea1n t\u1ea1i 1.650 \u0111i\u1ec3m, v\u00e0 ti\u1ebfp t\u1ee5c \u0111\u00e0 t\u0103ng v\u1ec1 1.800 \u0111i\u1ec3m.<\/p>\n

K\u1ecbch b\u1ea3n k\u00e9m kh\u1ea3 quan: H\u00ecnh th\u00e0nh v\u00f9ng h\u1ed7 tr\u1ee3 trung h\u1ea1n t\u1ea1i 1.550 \u0111i\u1ec3m.<\/p>\n

Nh\u00f3m c\u1ed5 phi\u1ebfu ng\u00e2n h\u00e0ng, ch\u1ee9ng kho\u00e1n c\u00f2n “hot”?<\/h2>\n

* \u00d4ng Nguy\u1ec5n Anh Khoa – gi\u00e1m \u0111\u1ed1c ph\u00e2n t\u00edch Ch\u1ee9ng kho\u00e1n Agribank (Agriseco):<\/b><\/p>\n

– Theo t\u00f4i, nh\u00f3m ng\u00e2n h\u00e0ng v\u1eabn c\u00f2n d\u01b0 \u0111\u1ecba t\u0103ng gi\u00e1, nh\u01b0ng s\u1ebd c\u00f3 xu h\u01b0\u1edbng ch\u1ecdn l\u1ecdc h\u01a1n. 7 th\u00e1ng \u0111\u1ea7u n\u0103m 2025, t\u00edn d\u1ee5ng to\u00e0n h\u1ec7 th\u1ed1ng t\u0103ng 9,64% so v\u1edbi cu\u1ed1i n\u0103m 2024, trong khi c\u00f9ng th\u1eddi \u0111i\u1ec3m n\u0103m ngo\u00e1i m\u1edbi ch\u1ec9 t\u0103ng kho\u1ea3ng 6%.\u00a0<\/p>\n

C\u00e1c th\u00e1ng cu\u1ed1i n\u0103m 2025, b\u00ean c\u1ea1nh l\u00e0n s\u00f3ng \u0111\u1ea9y m\u1ea1nh gi\u1ea3i ng\u00e2n \u0111\u1ea7u t\u01b0 c\u00f4ng c\u1ee7a Ch\u00ednh ph\u1ee7, \u0111\u00e2y c\u0169ng l\u00e0 giai \u0111o\u1ea1n cao \u0111i\u1ec3m c\u1ee7a ho\u1ea1t \u0111\u1ed9ng ti\u00eau d\u00f9ng, s\u1ea3n xu\u1ea5t – kinh doanh, k\u1ef3 v\u1ecdng s\u1ebd g\u00f3p ph\u1ea7n th\u00fac \u0111\u1ea9y nhu c\u1ea7u t\u00edn d\u1ee5ng cho to\u00e0n h\u1ec7 th\u1ed1ng.\u00a0<\/p>\n

B\u00ean c\u1ea1nh \u0111\u00f3, ch\u1ea5t l\u01b0\u1ee3ng t\u00e0i s\u1ea3n c\u0169ng s\u1ebd d\u1ea7n c\u1ea3i thi\u1ec7n khi th\u1ecb tr\u01b0\u1eddng b\u1ea5t \u0111\u1ed9ng s\u1ea3n \u0111ang c\u00f3 nh\u1eefng t\u00edn hi\u1ec7u h\u1ed3i ph\u1ee5c r\u00f5 n\u00e9t.<\/p>\n

Vi\u1ec7c ti\u1ebfn t\u1edbi g\u1ee1 b\u1ecf c\u01a1 ch\u1ebf “room t\u00edn d\u1ee5ng<\/a>” c\u0169ng \u0111\u01b0\u1ee3c k\u1ef3 v\u1ecdng s\u1ebd t\u00e1c \u0111\u1ed9ng t\u00edch c\u1ef1c \u0111\u1ebfn k\u1ebft qu\u1ea3 kinh doanh c\u1ee7a kh\u1ed1i ng\u00e2n h\u00e0ng khi c\u00e1c nh\u00e0 b\u0103ng c\u00f3 th\u1ec3 d\u1ef1a v\u00e0o s\u1ee9c kh\u1ecfe t\u00e0i ch\u00ednh n\u1ed9i t\u1ea1i v\u00e0 nhu c\u1ea7u th\u1ef1c t\u1ebf c\u1ee7a th\u1ecb tr\u01b0\u1eddng \u0111\u1ec3 \u0111\u1ea9y m\u1ea1nh t\u00edn d\u1ee5ng, gi\u00fap t\u1ed1i \u0111a h\u00f3a thu nh\u1eadp t\u1eeb l\u00e3i v\u00e0 c\u1ea3i thi\u1ec7n hi\u1ec7u qu\u1ea3 kinh doanh t\u1ed5ng th\u1ec3.<\/p>\n

Tuy nhi\u00ean xu h\u01b0\u1edbng t\u0103ng gi\u00e1 c\u1ee7a nh\u00f3m s\u1ebd ph\u00e2n h\u00f3a r\u00f5 n\u00e9t h\u01a1n, b\u1edfi m\u1eb7t b\u1eb1ng \u0111\u1ecbnh gi\u00e1 chung c\u1ee7a nh\u00f3m ng\u00e2n h\u00e0ng \u0111\u00e3 kh\u00f4ng c\u00f2n th\u1ea5p.<\/p>\n

C\u00e1c ng\u00e2n h\u00e0ng \u0111ang d\u1eabn \u0111\u1ea7u v\u1ec1 n\u1ec1n t\u1ea3ng v\u1ed1n v\u00e0 \u0111\u00e3 x\u00e2y d\u1ef1ng \u0111\u01b0\u1ee3c h\u1ec7 sinh th\u00e1i kh\u00e1ch h\u00e0ng v\u1eefng ch\u1eafc c\u0169ng nh\u01b0 kh\u1ea3 n\u0103ng qu\u1ea3n l\u00fd r\u1ee7i ro hi\u1ec7u qu\u1ea3 \u0111\u01b0\u1ee3c k\u1ef3 v\u1ecdng s\u1ebd ti\u1ebfp t\u1ee5c l\u00e0 \u0111i\u1ec3m \u0111\u1ebfn c\u1ee7a d\u00f2ng ti\u1ec1n c\u00e1c th\u00e1ng cu\u1ed1i n\u0103m 2025.<\/p>\n

Ngo\u00e0i ra trong c\u00e1c th\u00e1ng cu\u1ed1i n\u0103m, v\u1edbi nh\u1eefng \u0111\u1ed9ng l\u1ef1c t\u0103ng tr\u01b0\u1edfng n\u00eau tr\u00ean v\u00e0 c\u00e2u chuy\u1ec7n \u0111\u1ea7u t\u01b0 ri\u00eang c\u1ee7a t\u1eebng c\u1ed5 phi\u1ebfu c\u00f3 th\u1ec3 k\u1ec3 \u0111\u1ebfn nh\u01b0 c\u00e2u chuy\u1ec7n IPO, t\u0103ng v\u1ed1n, c\u00e2u chuy\u1ec7n ph\u00e1t tri\u1ec3n th\u1ecb tr\u01b0\u1eddng ti\u1ec1n s\u1ed1,\u2026 t\u00f4i cho r\u1eb1ng c\u1ed5 phi\u1ebfu ch\u1ee9ng kho\u00e1n v\u1eabn c\u00f2n nhi\u1ec1u d\u01b0 \u0111\u1ecba t\u0103ng gi\u00e1 trong th\u1eddi gian t\u1edbi.<\/p>\n

Chi\u1ebfn l\u01b0\u1ee3c nh\u00e0 \u0111\u1ea7u t\u01b0 trong ng\u1eafn h\u1ea1n<\/h2>\n

* B\u00e0 Nguy\u1ec5n Ph\u01b0\u01a1ng Nga – chuy\u00ean gia ph\u00e2n t\u00edch Ch\u1ee9ng kho\u00e1n Vietcombank (VCBS):<\/b><\/p>\n

– VN-Index th\u00e0nh c\u00f4ng chinh ph\u1ee5c m\u1ed1c 1.700 phi\u00ean cu\u1ed1i tu\u1ea7n tr\u01b0\u1edbc. Tuy nhi\u00ean s\u1ef1 gia t\u0103ng nhanh ch\u00f3ng l\u1ef1c cung \u0111\u00e3 khi\u1ebfn ch\u1ec9 s\u1ed1 h\u1ee5t h\u01a1i v\u00e0 tr\u01b0\u1ee3t \u0111i\u1ec3m v\u1ec1 d\u01b0\u1edbi m\u1ed1c 1.670.\u00a0<\/p>\n

S\u1eafc \u0111\u1ecf chi\u1ebfm \u01b0u th\u1ebf c\u00f9ng s\u1ef1 \u0111i\u1ec1u ch\u1ec9nh di\u1ec5n ra tr\u00ean di\u1ec7n r\u1ed9ng cho th\u1ea5y \u00e1p l\u1ef1c ch\u1ed1t l\u1eddi ng\u1eafn h\u1ea1n, nh\u01b0ng \u0111\u1ed3ng th\u1eddi c\u0169ng s\u1ebd khi\u1ebfn d\u00f2ng ti\u1ec1n c\u00f3 xu h\u01b0\u1edbng th\u1eadn tr\u1ecdng h\u01a1n trong nh\u1eefng phi\u00ean t\u1edbi.<\/p>\n

Theo \u0111\u00f3 ch\u00fang t\u00f4i khuy\u1ebfn ngh\u1ecb nh\u00e0 \u0111\u1ea7u t\u01b0 b\u00e1m s\u00e1t di\u1ec5n bi\u1ebfn th\u1ecb tr\u01b0\u1eddng, v\u00e0 ch\u1ec9 n\u00ean gi\u1ea3i ng\u00e2n khi \u0111\u00e3 c\u00f3 t\u00edn hi\u1ec7u x\u00e1c nh\u1eadn \u0111i\u1ec3m c\u00e2n b\u1eb1ng m\u1edbi c\u1ee7a th\u1ecb tr\u01b0\u1eddng.<\/p>\n

C\u00f9ng v\u1edbi \u0111\u00f3, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u0169ng c\u1ea7n ch\u1ee7 \u0111\u1ed9ng h\u1ea1 t\u1ec9 tr\u1ecdng margin v\u00e0 gi\u1eef s\u1ee9c mua \u0111\u1ec3 v\u1eeba c\u00f3 th\u1ec3 qu\u1ea3n tr\u1ecb r\u1ee7i ro, c\u0169ng nh\u01b0 t\u1eadn d\u1ee5ng nh\u1eefng nh\u1ecbp \u0111i\u1ec1u ch\u1ec9nh c\u1ee7a th\u1ecb tr\u01b0\u1eddng \u0111\u1ec3 t\u00ecm ki\u1ebfm c\u01a1 h\u1ed9i gi\u1ea3i ng\u00e2n cho m\u1ee5c \u0111\u00edch l\u01b0\u1edbt s\u00f3ng ng\u1eafn h\u1ea1n.<\/p>\n

<\/pattern> <\/defs> <\/svg> \u0110\u1ecdc ti\u1ebfp <\/a> <\/pattern> <\/defs> <\/svg> V\u1ec1 trang Ch\u1ee7 \u0111\u1ec1 <\/a> <\/p>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

Th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n v\u1eabn \u0111\u01b0\u1ee3c \u0111\u00e1nh gi\u00e1 t\u00edch c\u1ef1c trong trung v\u00e0 d\u00e0i h\u1ea1n, \u0111\u1eb7c bi\u1ec7t n\u1ebfu \u0111\u01b0\u1ee3c n\u00e2ng […]<\/p>","protected":false},"author":1,"featured_media":48192,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[221],"tags":[],"class_list":["post-48191","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chung-khoan"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/48191","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/comments?post=48191"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/48191\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media\/48192"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media?parent=48191"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/categories?post=48191"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/tags?post=48191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}