{"id":57649,"date":"2025-12-24T09:26:53","date_gmt":"2025-12-24T02:26:53","guid":{"rendered":"https:\/\/hbbgroup.net\/bom-tan-tcbs-ipo-thanh-cong-loi-khang-dinh-cho-vi-the-so-1-nganh-chung-khoan-dan-dat-lan-song-hang-hoa-chat-luong-do-bo-thi-truong\/"},"modified":"2025-12-24T09:26:53","modified_gmt":"2025-12-24T02:26:53","slug":"bom-tan-tcbs-ipo-thanh-cong-loi-khang-dinh-cho-vi-the-so-1-nganh-chung-khoan-dan-dat-lan-song-hang-hoa-chat-luong-do-bo-thi-truong","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/vi\/bom-tan-tcbs-ipo-thanh-cong-loi-khang-dinh-cho-vi-the-so-1-nganh-chung-khoan-dan-dat-lan-song-hang-hoa-chat-luong-do-bo-thi-truong\/","title":{"rendered":"Bom t\u1ea5n TCBS IPO th\u00e0nh c\u00f4ng: L\u1eddi kh\u1eb3ng \u0111\u1ecbnh cho v\u1ecb th\u1ebf s\u1ed1 1 ng\u00e0nh ch\u1ee9ng kho\u00e1n, d\u1eabn d\u1eaft l\u00e0n s\u00f3ng h\u00e0ng ho\u00e1 ch\u1ea5t l\u01b0\u1ee3ng \u0111\u1ed5 b\u1ed9 th\u1ecb tr\u01b0\u1eddng"},"content":{"rendered":"
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C\u00f9ng v\u1edbi s\u1ef1 ph\u00e1t tri\u1ec3n c\u1ee7a \u0111\u1ea5t n\u01b0\u1edbc, ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam \u0111ang b\u01b0\u1edbc v\u00e0o k\u1ef7 nguy\u00ean “m\u1edbi n\u1ed5i” v\u1edbi nh\u1eefng thay \u0111\u1ed5i mang t\u00ednh b\u01b0\u1edbc ngo\u1eb7t. <\/span> <\/span>Sau th\u1eddi gian d\u00e0i g\u1ea7n nh\u01b0 “\u0111\u00f3ng b\u0103ng”, ho\u1ea1t \u0111\u1ed9ng ch\u00e0o b\u00e1n c\u1ed5 phi\u1ebfu l\u1ea7n \u0111\u1ea7u ra c\u00f4ng ch\u00fang (IPO) \u0111ang d\u1ea7n s\u00f4i \u0111\u1ed9ng tr\u1edf l\u1ea1i. Xu h\u01b0\u1edbng g\u00f3p ph\u1ea7n gi\u1ea3i quy\u1ebft m\u1ed9t trong nh\u1eefng \u0111i\u1ec3m ngh\u1ebdn l\u1edbn nh\u1ea5t c\u1ee7a th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam trong nhi\u1ec1u n\u0103m qua l\u00e0 thi\u1ebfu h\u00e0ng ho\u00e1 m\u1edbi, ch\u1ea5t l\u01b0\u1ee3ng.<\/span><\/p>\n

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Trong qu\u00e1 kh\u1ee9, t\u1eebng c\u00f3 th\u1eddi k\u1ef3 ho\u1ea1t \u0111\u1ed9ng IPO di\u1ec5n ra r\u1ea7m r\u1ed9 t\u1ea1i Vi\u1ec7t Nam. L\u00e0n s\u00f3ng IPO \u0111\u1ea7u ti\u00ean di\u1ec5n ra v\u00e0o giai \u0111o\u1ea1n 2006-2007, khi th\u1ecb tr\u01b0\u1eddng l\u1eadp \u0111\u1ec9nh v\u1ec1 s\u1ed1 l\u01b0\u1ee3ng doanh nghi\u1ec7p ni\u00eam y\u1ebft v\u1edbi 63 doanh nghi\u1ec7p th\u1ef1c hi\u1ec7n IPO, t\u1ed5ng tr\u1ecb gi\u00e1 2,55 t\u1ef7 USD. \u0110\u00e2y c\u0169ng l\u00e0 th\u1eddi k\u1ef3 \u0111\u1ea7u ph\u00e1t tri\u1ec3n c\u1ee7a th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam, khi c\u00e1c ch\u00ednh s\u00e1ch c\u00f2n s\u01a1 khai. Ho\u1ea1t \u0111\u1ed9ng IPO khi \u0111\u00f3 ch\u1ee7 y\u1ebfu t\u1eadp trung v\u00e0o vi\u1ec7c chuy\u1ec3n \u0111\u1ed5i h\u00ecnh th\u1ee9c s\u1edf h\u1eefu t\u1eeb khu v\u1ef1c Nh\u00e0 n\u01b0\u1edbc sang c\u00f4ng ty c\u1ed5 ph\u1ea7n.<\/span><\/p>\n

\u0110\u1ebfn giai \u0111o\u1ea1n 2016-2018, l\u00e0n s\u00f3ng IPO th\u1ee9 2 v\u1edbi s\u1ef1 xu\u1ea5t hi\u1ec7n c\u1ee7a r\u1ea5t nhi\u1ec1u “bom t\u1ea5n” kh\u1ed1i doanh nghi\u1ec7p t\u01b0 nh\u00e2n, c\u00f3 th\u1ec3 k\u1ec3 \u0111\u1ebfn nh\u01b0 Vinhomes (VHM), Vincom Retail (VRE), Vietjet Air (VJC), VPBank (VPB),\u2026 B\u00ean c\u1ea1nh \u0111\u00f3, kh\u1ed1i doanh nghi\u1ec7p Nh\u00e0 n\u01b0\u1edbc v\u1edbi c\u00e1c \u0111\u1ea1i di\u1ec7n nh\u00f3m d\u1ea7u kh\u00ed nh\u01b0 Petrolimex (PLX), PV Power (POW), PV Oil (OIL), L\u1ecdc ho\u00e1 d\u1ea7u B\u00ecnh S\u01a1n (BSR),\u2026 c\u0169ng IPO th\u00e0nh c\u00f4ng v\u00e0 l\u00ean s\u00e0n ch\u1ee9ng kho\u00e1n.<\/span><\/p>\n

\u0110\u00e1ng ch\u00fa \u00fd, t\u1ed5ng s\u1ed1 v\u1ed1n huy \u0111\u1ed9ng \u0111\u01b0\u1ee3c t\u1eeb c\u00e1c th\u01b0\u01a1ng v\u1ee5 IPO trong n\u0103m 2018 th\u1eadm ch\u00ed c\u00f2n l\u00ean \u0111\u1ebfn g\u1ea7n 74 ngh\u00ecn t\u1ef7 \u0111\u1ed3ng (3,3 t\u1ef7 USD th\u1eddi \u0111i\u1ec3m \u0111\u00f3). Tuy nhi\u00ean, ho\u1ea1t \u0111\u1ed9ng IPO nhanh ch\u00f3ng “ngu\u1ed9i l\u1ea1nh” trong h\u01a1n n\u1eeda th\u1eadp k\u1ef7 sau \u0111\u00f3. Gi\u00e1 tr\u1ecb huy \u0111\u1ed9ng v\u1ed1n t\u1eeb IPO s\u1ee5t gi\u1ea3m m\u1ea1nh giai \u0111o\u1ea1n 2019-2024, ch\u1ec9 c\u00f2n v\u00e0i tr\u0103m \u0111\u1ebfn v\u00e0i ngh\u00ecn t\u1ef7 m\u1ed7i n\u0103m. “Bom t\u1ea5n” g\u1ea7n nh\u01b0 m\u1ea5t h\u00fat, c\u00e1c th\u01b0\u01a1ng v\u1ee5 c\u00f3 quy m\u00f4 nh\u1ecf kh\u00f4ng t\u1ea1o \u0111\u01b0\u1ee3c hi\u1ec7u \u1ee9ng l\u00ean th\u1ecb tr\u01b0\u1eddng.<\/span><\/p>\n

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Sau nhi\u1ec1u n\u0103m tr\u1ea7m l\u1eafng, l\u00e0n s\u00f3ng IPO th\u1ee9 3 \u0111ang c\u00f3 d\u1ea5u hi\u1ec7u tr\u1edf l\u1ea1i m\u1ea1nh m\u1ebd v\u1edbi h\u00e0ng lo\u1ea1t t\u00ean tu\u1ed5i “\u0111\u00ecnh \u0111\u00e1m” nh\u01b0 Vinpearl, TCBS, VPBankS, VPS, N\u00f4ng nghi\u1ec7p H\u00f2a Ph\u00e1t, H\u1ea1 t\u1ea7ng GELEX… \u01af\u1edbc t\u00ednh trong n\u0103m 2025, t\u1ed5ng gi\u00e1 tr\u1ecb huy \u0111\u1ed9ng v\u1ed1n t\u1eeb c\u00e1c th\u01b0\u01a1ng v\u1ee5 IPO c\u00f3 th\u1ec3 l\u00ean \u0111\u1ebfn 45 ngh\u00ecn t\u1ef7 \u0111\u1ed3ng (1,7 t\u1ef7 USD), cao nh\u1ea5t k\u1ec3 t\u1eeb n\u0103m 2018.<\/span><\/p>\n

Con s\u1ed1 tr\u00ean ch\u1ec9 l\u00e0 kh\u1edfi \u0111\u1ea7u cho m\u1ed9t chu k\u1ef3 m\u1edbi khi r\u1ea5t nhi\u1ec1u “bom t\u1ea5n” \u0111ang x\u1ebfp h\u00e0ng ch\u1edd k\u00edch ho\u1ea1t v\u00e0 l\u00ean s\u00e0n. Theo t\u00ednh to\u00e1n c\u1ee7a Dragon Capital, ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam c\u00f3 th\u1ec3 \u0111\u00f3n l\u00e0n s\u00f3ng IPO quy m\u00f4 \u0111\u1ebfn g\u1ea7n 50 t\u1ef7 USD trong 3 n\u0103m t\u1edbi, v\u1edbi \u0111a d\u1ea1ng c\u00e1c l\u0129nh v\u1ef1c t\u1eeb t\u00e0i ch\u00ednh, b\u00e1n l\u1ebb \u0111\u1ebfn c\u00f4ng nghi\u1ec7p, c\u00f4ng ngh\u1ec7,…<\/span><\/p>\n

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\u00d4ng L\u00ea V\u0169 Tr\u01b0\u1eddng, Ph\u00f3 T\u1ed5ng Gi\u00e1m \u0111\u1ed1c Ernst & Young Vi\u1ec7t Nam cho r\u1eb1ng, n\u1ec1n kinh t\u1ebf Vi\u1ec7t Nam \u0111\u00e3 ph\u00e1t tri\u1ec3n qua nhi\u1ec1u giai \u0111o\u1ea1n v\u00e0 t\u1edbi th\u1eddi \u0111i\u1ec3m n\u00e0y, nhi\u1ec1u doanh nghi\u1ec7p \u0111\u1ea1t \u0111\u1ebfn quy m\u00f4 l\u1edbn, c\u00f3 th\u1ec3 so s\u00e1nh v\u1edbi t\u1ea7m v\u00f3c trong khu v\u1ef1c. V\u00ec th\u1ebf, s\u1ef1 s\u1eb5n s\u00e0ng t\u1eeb ph\u00eda doanh nghi\u1ec7p cho ho\u1ea1t \u0111\u1ed9ng ni\u00eam y\u1ebft \u0111\u00e3 t\u1ed1t h\u01a1n giai \u0111o\u1ea1n tr\u01b0\u1edbc. B\u1ea3n th\u00e2n c\u00e1c c\u1ed5 \u0111\u00f4ng, nh\u00e0 qu\u1ea3n l\u00fd doanh nghi\u1ec7p c\u0169ng mu\u1ed1n t\u0103ng c\u01b0\u1eddng n\u0103ng l\u1ef1c qu\u1ea3n tr\u1ecb, \u0111i\u1ec1u h\u00e0nh v\u00e0 s\u1ef1 minh b\u1ea1ch trong ho\u1ea1t \u0111\u1ed9ng c\u1ee7a doanh nghi\u1ec7p.<\/span><\/p>\n

Ho\u1ea1t \u0111\u1ed9ng IPO s\u00f4i \u0111\u1ed9ng tr\u1edf l\u1ea1i g\u00f3p ph\u1ea7n c\u1ee7ng c\u1ed1 vai tr\u00f2 c\u1ee7a k\u00eanh huy \u0111\u1ed9ng v\u1ed1n trung, d\u00e0i h\u1ea1n cho n\u1ec1n kinh t\u1ebf v\u00e0 s\u1ef1 tr\u01b0\u1edfng th\u00e0nh c\u1ee7a kh\u1ed1i doanh nghi\u1ec7p Vi\u1ec7t Nam. Theo \u0111\u00e1nh gi\u00e1 c\u1ee7a FiinGroup, t\u1ed5ng gi\u00e1 tr\u1ecb huy \u0111\u1ed9ng v\u1ed1n c\u1ed5 ph\u1ea7n (ch\u01b0a k\u1ec3 huy \u0111\u1ed9ng tr\u00e1i phi\u1ebfu ch\u00e0o b\u00e1n ra c\u00f4ng ch\u00fang ho\u1eb7c tr\u00e1i phi\u1ebfu ri\u00eang l\u1ebb) trong n\u0103m nay ch\u1eafc ch\u1eafn s\u1ebd \u0111\u1ea1t k\u1ef7 l\u1ee5c ch\u01b0a t\u1eebng c\u00f3 trong l\u1ecbch s\u1eed, v\u01b0\u1ee3t m\u1ee9c \u0111\u1ec9nh n\u0103m 2021 (kho\u1ea3ng 127 ng\u00e0n t\u1ef7 \u0111\u1ed3ng).<\/span><\/p>\n

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L\u00e0n s\u00f3ng IPO tr\u1edf l\u1ea1i n\u0103m nay c\u00f3 d\u1ea5u \u1ea5n r\u00f5 r\u1ec7t c\u1ee7a TCBS, “bom t\u1ea5n” thu h\u00fat s\u1ef1 quan t\u00e2m l\u1edbn c\u1ee7a gi\u1edbi \u0111\u1ea7u t\u01b0, v\u1edbi l\u01b0\u1ee3ng \u0111\u1eb7t mua h\u01a1n 575,16 tri\u1ec7u c\u1ed5 phi\u1ebfu, g\u1ea5p 2,5 l\u1ea7n kh\u1ed1i l\u01b0\u1ee3ng ch\u00e0o b\u00e1n (231,15 tri\u1ec7u c\u1ed5 phi\u1ebfu). TCBS l\u00e0 c\u00e1i t\u00ean \u0111\u1ea7u ti\u00ean huy \u0111\u1ed9ng \u0111\u01b0\u1ee3c tr\u00ean 10 ngh\u00ecn t\u1ef7 \u0111\u1ed3ng t\u1eeb ho\u1ea1t \u0111\u1ed9ng IPO trong n\u0103m 2025.<\/span><\/p>\n

S\u1ee9c h\u1ea5p d\u1eabn t\u1eeb th\u01b0\u01a1ng v\u1ee5 n\u00e0y cho th\u1ea5y m\u1ee9c \u0111\u1ed9 s\u1eb5n s\u00e0ng ch\u1ea5p nh\u1eadn cao c\u1ee7a d\u00f2ng ti\u1ec1n \u0111\u1ed1i v\u1edbi c\u00e1c h\u00e0ng ho\u00e1 m\u1edbi, ch\u1ea5t l\u01b0\u1ee3ng. TCBS IPO th\u00e0nh c\u00f4ng \u0111\u01b0\u1ee3c Finance Asia \u0111\u00e1nh gi\u00e1 l\u00e0 th\u01b0\u01a1ng v\u1ee5 c\u00f3 \u1ea3nh h\u01b0\u1edfng l\u1edbn nh\u1ea5t th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam n\u0103m 2025, vinh danh trong h\u1ea1ng m\u1ee5c “Best IPO 2025”.<\/span><\/p>\n

\u1ede g\u00f3c \u0111\u1ed9 s\u00e2u h\u01a1n t\u1eeb ph\u00eda c\u00f4ng ty \u0111\u1ea1i ch\u00fang, IPO mang l\u1ea1i nhi\u1ec1u gi\u00e1 tr\u1ecb h\u01a1n l\u00e0 s\u1ed1 v\u1ed1n huy \u0111\u1ed9ng \u0111\u01b0\u1ee3c \u0111\u01a1n thu\u1ea7n. H\u01a1n h\u1ebft \u0111\u00f3 l\u00e0 ni\u1ec1m tin, t\u1eeb \u0111\u1ed9i ng\u0169 \u0111\u1ebfn kh\u00e1ch h\u00e0ng. “\u0110\u00e2y l\u00e0 m\u1ed9t s\u1ef1 t\u00e1i kh\u1eb3ng \u0111\u1ecbnh ni\u1ec1m tin c\u1ee7a \u0111\u1ed9i ng\u0169 c\u00f4ng ty v\u00e0o nh\u1eefng \u0111i\u1ec1u ch\u00fang t\u00f4i \u0111ang l\u00e0m l\u00e0 \u0111\u00fang \u0111\u1eafn v\u00e0 s\u1eb5n s\u00e0ng b\u01b0\u1edbc ti\u1ebfp, \u0111\u1ed3ng th\u1eddi th\u1ec3 hi\u1ec7n s\u1ef1 kh\u00e1c bi\u1ec7t v\u1edbi nh\u1eefng c\u00f4ng ty kh\u00e1c \u1edf tr\u00ean th\u1ecb tr\u01b0\u1eddng”<\/i>, b\u00e0 Nguy\u1ec5n Th\u1ecb Thu Hi\u1ec1n, T\u1ed5ng Gi\u00e1m \u0111\u1ed1c TCBS chia s\u1ebb.<\/span><\/p>\n

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Th\u01b0\u01a1ng v\u1ee5 IPO th\u00e0nh c\u00f4ng c\u1ee7a TCBS t\u1ea1o ra hi\u1ec7u \u1ee9ng t\u00edch c\u1ef1c, g\u00f3p ph\u1ea7n th\u00fac \u0111\u1ea9y t\u1ed1c \u0111\u1ed9 tri\u1ec3n khai c\u1ee7a c\u00e1c “bom t\u1ea5n” ti\u1ebfp theo. Lo\u1ea1t c\u00f4ng ty l\u1edbn trong ng\u00e0nh ch\u1ee9ng kho\u00e1n, h\u1ea1 t\u1ea7ng, n\u00f4ng nghi\u1ec7p “\u1ed3 \u1ea1t” IPO nh\u1eefng th\u00e1ng cu\u1ed1i n\u0103m l\u00e0 b\u01b0\u1edbc kh\u1edfi \u0111\u1ea7u ho\u00e0n h\u1ea3o cho m\u1ed9t l\u00e0n s\u00f3ng IPO s\u1eafp t\u1edbi. Ngu\u1ed3n h\u00e0ng ho\u00e1 m\u1edbi, ch\u1ea5t l\u01b0\u1ee3ng g\u00f3p ph\u1ea7n \u0111a d\u1ea1ng c\u01a1 c\u1ea5u th\u1ecb tr\u01b0\u1eddng, th\u00fac \u0111\u1ea9y ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam t\u0103ng tr\u01b0\u1edfng b\u1ec1n v\u1eefng.<\/span><\/p>\n

Ngay sau khi IPO, TCBS \u0111\u00e3 ni\u00eam y\u1ebft c\u1ed5 phi\u1ebfu tr\u00ean s\u00e0n HoSE v\u00e0 tr\u1edf th\u00e0nh c\u00f4ng ty ch\u1ee9ng kho\u00e1n \u0111\u1ea7u ti\u00ean c\u1ee7a Vi\u1ec7t Nam c\u00f3 v\u1ed1n h\u00f3a tr\u00ean 100.000 t\u1ef7 \u0111\u1ed3ng, x\u00e1c l\u1eadp k\u1ef7 l\u1ee5c “v\u00f4 ti\u1ec1n kho\u00e1ng h\u1eadu”. B\u1ec7 ph\u00f3ng \u0111\u1ebfn ng\u00f4i v\u01b0\u01a1ng v\u1ed1n h\u00f3a c\u1ee7a TCBS l\u00e0 v\u1ecb th\u1ebf s\u1ed1 1 ng\u00e0nh ch\u1ee9ng kho\u00e1n \u1edf nhi\u1ec1u ch\u1ec9 ti\u00eau quan tr\u1ecdng nh\u01b0 n\u0103ng l\u1ef1c v\u1ed1n, kh\u1ea3 n\u0103ng cho vay…. Ri\u00eang v\u1ec1 v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu – y\u1ebfu t\u1ed1 quan trong b\u1eadc nh\u1ea5t v\u1edbi m\u1ed9t c\u00f4ng ty ch\u1ee9ng kho\u00e1n, TCBS \u0111ang d\u1eabn \u0111\u1ea7u to\u00e0n ng\u00e0nh, v\u1edbi m\u1ee9c t\u0103ng tr\u01b0\u1edfng h\u01a1n 60% trong n\u0103m qua.<\/span><\/p>\n

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V\u1ecb th\u1ebf d\u1eabn \u0111\u1ea7u c\u1ee7a TCBS c\u00f3 \u0111\u01b0\u1ee3c nh\u1edd chi\u1ebfn l\u01b0\u1ee3c kh\u00e1c bi\u1ec7t, n\u0103ng l\u1ef1c c\u00f4ng ngh\u1ec7 v\u01b0\u1ee3t tr\u1ed9i v\u00e0 t\u01b0 duy t\u1eadp trung tuy\u1ec7t \u0111\u1ed1i v\u00e0o tr\u1ea3i nghi\u1ec7m kh\u00e1ch h\u00e0ng. Ti\u00ean phong \u00e1p d\u1ee5ng Zero fee, kh\u00f4ng ch\u1ea1y theo m\u00f4 h\u00ecnh m\u00f4i gi\u1edbi truy\u1ec1n th\u1ed1ng, TCBS ch\u1ecdn h\u01b0\u1edbng \u0111i chuy\u00ean s\u00e2u v\u00e0o m\u1ea3ng ng\u00e2n h\u00e0ng \u0111\u1ea7u t\u01b0 v\u00e0 qu\u1ea3n l\u00fd t\u00e0i s\u1ea3n, tr\u1edf th\u00e0nh \u0111\u01a1n v\u1ecb ti\u00ean phong s\u1ed1 h\u00f3a to\u00e0n di\u1ec7n c\u00e1c s\u1ea3n ph\u1ea9m t\u00e0i ch\u00ednh. Th\u1ecb ph\u1ea7n giao d\u1ecbch c\u1ee7a c\u00f4ng ty ch\u1ee9ng kho\u00e1n n\u00e0y tr\u00ean HoSE \u0111\u00e3 v\u01b0\u01a1n l\u00ean m\u1ea1nh m\u1ebd, v\u01b0\u1ee3t qua nhi\u1ec1u t\u00ean tu\u1ed5i l\u00e2u n\u0103m \u0111\u1ec3 x\u1ebfp th\u1ee9 3 to\u00e0n ng\u00e0nh.<\/span><\/p>\n

T\u1ec7p kh\u00e1ch h\u00e0ng m\u1edf r\u1ed9ng th\u00fac \u0111\u1ea9y c\u00e1c m\u1ea3ng ho\u1ea1t \u0111\u1ed9ng kh\u00e1c c\u1ee7a TCBS ph\u00e1t tri\u1ec3n m\u1ea1nh m\u1ebd, nh\u01b0 cho vay, kinh doanh tr\u00e1i phi\u1ebfu,\u2026 TCBS l\u00e0 c\u00f4ng ty ch\u1ee9ng kho\u00e1n c\u00f3 d\u01b0 n\u1ee3 cho vay l\u1edbn nh\u1ea5t th\u1ecb tr\u01b0\u1eddng t\u00ednh \u0111\u1ebfn cu\u1ed1i qu\u00fd 3\/2025, v\u1edbi h\u01a1n 40.000 t\u1ef7 \u0111\u1ed3ng. Trong m\u1ea3ng tr\u00e1i phi\u1ebfu, TCBS \u0111\u1ee9ng top 1 Vi\u1ec7t Nam, v\u1edbi th\u1ecb ph\u1ea7n ph\u00e1t h\u00e0nh kho\u1ea3ng 40% v\u00e0 b\u00e1n l\u1ebb (kh\u00f4ng t\u00ednh tr\u00e1i phi\u1ebfu ng\u00e2n h\u00e0ng) l\u00ean t\u1edbi 90%. V\u1edbi n\u1ec1n t\u1ea3ng c\u00f4ng ngh\u1ec7 v\u1eefng v\u00e0ng, TCBS l\u00e0 c\u00f4ng ty ch\u1ee9ng kho\u00e1n duy nh\u1ea5t hi\u1ec7n nay t\u1ed5 ch\u1ee9c \u0111\u01b0\u1ee3c trung t\u00e2m tr\u00e1i phi\u1ebfu v\u1edbi iConnect (h\u1ec7 th\u1ed1ng h\u1ed7 tr\u1ee3 giao d\u1ecbch tr\u00e1i phi\u1ebfu tr\u1ef1c tuy\u1ebfn).<\/span><\/p>\n

Y\u1ebfu t\u1ed1 quan tr\u1ecdng t\u1ea1o n\u00ean l\u1ee3i th\u1ebf c\u1ea1nh tranh c\u1ee7a TCBS l\u00e0 n\u0103ng l\u1ef1c c\u00f4ng ngh\u1ec7 v\u1edbi g\u1ea7n 65% t\u1ed5ng s\u1ed1 nh\u00e2n vi\u00ean l\u00e0 k\u1ef9 s\u01b0. TCInvest \u0111\u01b0\u1ee3c xem l\u00e0 m\u1ed9t trong nh\u1eefng h\u1ec7 th\u1ed1ng giao d\u1ecbch v\u00e0 qu\u1ea3n l\u00fd t\u00e0i s\u1ea3n hi\u1ec7n \u0111\u1ea1i nh\u1ea5t Vi\u1ec7t Nam, cho ph\u00e9p kh\u00e1ch h\u00e0ng th\u1ef1c hi\u1ec7n tr\u1ecdn v\u1eb9n c\u00e1c giao d\u1ecbch t\u1eeb mua b\u00e1n ch\u1ee9ng kho\u00e1n, \u0111\u1ea7u t\u01b0 tr\u00e1i phi\u1ebfu, qu\u1ef9 m\u1edf, \u0111\u1ebfn qu\u1ea3n l\u00fd danh m\u1ee5c v\u00e0 ph\u00e2n t\u00edch th\u1ecb tr\u01b0\u1eddng ch\u1ec9 tr\u00ean m\u1ed9t \u1ee9ng d\u1ee5ng duy nh\u1ea5t.<\/span><\/p>\n

B\u00ean c\u1ea1nh \u0111\u00f3, TCBS c\u00f2n n\u1ed5i b\u1eadt nh\u1edd chi\u1ebfn l\u01b0\u1ee3c t\u1eadp trung v\u00e0o s\u1ea3n ph\u1ea9m \u0111\u1ea7u t\u01b0 an to\u00e0n v\u00e0 d\u00e0i h\u1ea1n. C\u00f4ng ty l\u00e0 m\u1ed9t trong s\u1ed1 \u00edt \u0111\u01a1n v\u1ecb x\u00e2y d\u1ef1ng \u0111\u01b0\u1ee3c h\u1ec7 sinh th\u00e1i s\u1ea3n ph\u1ea9m \u0111\u1ea7u t\u01b0 b\u00e0i b\u1ea3n, c\u00f3 chi\u1ec1u s\u00e2u, h\u01b0\u1edbng \u0111\u1ebfn nhu c\u1ea7u t\u00edch l\u0169y b\u1ec1n v\u1eefng thay v\u00ec l\u01b0\u1edbt s\u00f3ng ng\u1eafn h\u1ea1n. V\u1ecb th\u1ebf c\u1ee7a TCBS kh\u00f4ng ch\u1ec9 \u0111\u01b0\u1ee3c kh\u1eb3ng \u0111\u1ecbnh qua s\u1ed1 li\u1ec7u th\u1ecb ph\u1ea7n hay l\u1ee3i nhu\u1eadn, m\u00e0 l\u00e0 ni\u1ec1m tin c\u1ee7a h\u00e0ng tri\u1ec7u nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111ang l\u1ef1a ch\u1ecdn c\u00f4ng ty nh\u01b0 m\u1ed9t \u0111\u1ed1i t\u00e1c \u0111\u1ed3ng h\u00e0nh l\u00e2u d\u00e0i tr\u00ean h\u00e0nh tr\u00ecnh x\u00e2y d\u1ef1ng t\u00e0i ch\u00ednh c\u00e1 nh\u00e2n.<\/span><\/p>\n

\n

\"Bom<\/a><\/p>

<\/figcaption><\/figure>\n

V\u1edbi v\u1ecb th\u1ebf, t\u1ea7m \u1ea3nh h\u01b0\u1edfng l\u1edbn, TCBS ni\u00eam y\u1ebft kh\u00f4ng ch\u1ec9 t\u1ea1o ra c\u00fa hu\u00fdch l\u1edbn \u0111\u1ed1i v\u1edbi nh\u00f3m ch\u1ee9ng kho\u00e1n m\u00e0 c\u00f2n t\u00e1c \u0111\u1ed9ng t\u00edch c\u1ef1c \u0111\u1ebfn th\u1ecb tr\u01b0\u1eddng chung. <\/span>“Ni\u00eam<\/span><\/i> y\u1ebft<\/span><\/i> kh\u00f4ng ch\u1ec9 l\u00e0 m\u1ed9t d\u1ea5u m\u1ed1c, m\u00e0 c\u00f2n l\u00e0 \u0111i\u1ec3m kh\u1edfi \u0111\u1ea7u cho h\u00e0nh tr\u00ecnh t\u0103ng tr\u01b0\u1edfng m\u1edbi. TCBS s\u1ebd ti\u1ebfp t\u1ee5c ph\u00e1t tri\u1ec3n v\u1ec1 quy m\u00f4 v\u00e0 l\u1ee3i nhu\u1eadn, \u0111\u00e1p \u1ee9ng k\u1ef3 v\u1ecdng c\u1ee7a c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 trong v\u00e0 ngo\u00e0i n\u01b0\u1edbc, \u0111\u1ec3 m\u1ed7i b\u01b0\u1edbc ti\u1ebfn trong t\u01b0\u01a1ng lai s\u1ebd \u0111\u01b0\u1ee3c ph\u1ea3n \u00e1nh qua gi\u00e1 tr\u1ecb c\u1ed5 phi\u1ebfu TCX<\/span><\/i>“<\/span><\/i>, \u00f4<\/span>ng Nguy\u1ec5n Xu\u00e2n Minh, Ch\u1ee7 t\u1ecbch H\u0110QT TCBS chia s\u1ebb<\/span> t\u1ea1i bu\u1ed5i l\u1ec5 ni\u00eam y\u1ebft.<\/span><\/p>\n

\n

\"Bom<\/a><\/p>

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R\u1ea5t nhi\u1ec1u nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u1eb7t c\u00e2u h\u1ecfi v\u00ec sao l\u00e0n s\u00f3ng IPO tr\u1edf l\u1ea1i v\u00e0o l\u00fac n\u00e0y m\u00e0 kh\u00f4ng ph\u1ea3i m\u1ed9t th\u1eddi \u0111i\u1ec3m n\u00e0o \u0111\u00f3 trong v\u00e0i n\u0103m qua. Th\u1ef1c t\u1ebf, s\u1ef1 gia t\u0103ng c\u1ee7a c\u00e1c k\u1ebf ho\u1ea1ch IPO kh\u00f4ng ph\u1ea3i l\u00e0 ng\u1eabu nhi\u00ean m\u00e0 g\u1eafn li\u1ec1n v\u1edbi s\u1ef1 thay \u0111\u1ed5i m\u1ea1nh m\u1ebd c\u1ee7a khung ph\u00e1p l\u00fd, \u0111\u1eb7c bi\u1ec7t l\u00e0 Ngh\u1ecb \u0111\u1ecbnh 245\/2025\/N\u0110-CP. \u0110\u00e2y \u0111\u01b0\u1ee3c \u0111\u00e1nh gi\u00e1 l\u00e0 “cu\u1ed9c c\u00e1ch m\u1ea1ng th\u1ee7 t\u1ee5c” trong l\u0129nh v\u1ef1c ch\u00e0o b\u00e1n v\u00e0 ni\u00eam y\u1ebft c\u1ed5 phi\u1ebfu.<\/span><\/p>\n

Theo quy \u0111\u1ecbnh c\u0169, khi doanh nghi\u1ec7p th\u1ef1c hi\u1ec7n IPO xong th\u00ec m\u1edbi l\u00e0m th\u1ee7 t\u1ee5c ni\u00eam y\u1ebft. Quy tr\u00ecnh n\u00e0y m\u1ea5t kh\u00e1 nhi\u1ec1u th\u1eddi gian, khi\u1ebfn doanh nghi\u1ec7p v\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0 ph\u1ea3i ch\u1edd \u0111\u1ee3i, l\u00e0m gi\u1ea3m t\u00ednh thanh kho\u1ea3n tr\u00ean th\u1ecb tr\u01b0\u1eddng. Trong khi \u0111\u00f3, nh\u00e0 \u0111\u1ea7u t\u01b0 tham gia mua IPO th\u01b0\u1eddng k\u1ef3 v\u1ecdng s\u1edbm \u0111\u01b0\u1ee3c giao d\u1ecbch c\u1ed5 phi\u1ebfu tr\u00ean s\u00e0n ch\u1ee9ng kho\u00e1n.<\/span><\/p>\n

V\u1edbi quy \u0111\u1ecbnh m\u1edbi, UBCKNN g\u1eafn ch\u1eb7t hai ho\u1ea1t \u0111\u1ed9ng IPO v\u00e0 ni\u00eam y\u1ebft, r\u00fat ng\u1eafn \u0111\u00e1ng k\u1ec3 th\u1eddi gian th\u1ef1c hi\u1ec7n. C\u1ee5 th\u1ec3, trong v\u00f2ng 30 ng\u00e0y l\u00e0 \u0111\u00e3 c\u00f3 k\u1ebft qu\u1ea3 gi\u1eefa IPO v\u00e0 ni\u00eam y\u1ebft, thay v\u00ec k\u00e9o d\u00e0i 90 \u0111\u1ebfn 120 ng\u00e0y nh\u01b0 tr\u01b0\u1edbc. TCBS ch\u00ednh l\u00e0 m\u1ed9t trong nh\u1eefng c\u00e1i t\u00ean \u0111\u1ea7u ti\u00ean h\u01b0\u1edfng l\u1ee3i t\u1eeb quy \u0111\u1ecbnh m\u1edbi n\u00e0y. Ch\u1ec9 ch\u01b0a \u0111\u1ea7y 30 ng\u00e0y sau khi ho\u00e0n t\u1ea5t IPO, c\u1ed5 phi\u1ebfu TCX c\u1ee7a TCBS \u0111\u00e3 \u0111\u01b0\u1ee3c HOSE ch\u1ea5p thu\u1eadn ni\u00eam y\u1ebft, \u0111\u00e1nh d\u1ea5u t\u1ed1c \u0111\u1ed9 tri\u1ec3n khai nhanh, chuy\u00ean nghi\u1ec7p v\u00e0 tu\u00e2n th\u1ee7 chu\u1ea9n m\u1ef1c cao.<\/span><\/p>\n

“C\u1ea3i ti\u1ebfn n\u00e0y gi\u00fap doanh nghi\u1ec7p nhanh ch\u00f3ng \u0111\u01b0a c\u1ed5 phi\u1ebfu v\u00e0o giao d\u1ecbch, t\u1ea1o thanh kho\u1ea3n, \u0111\u00e1p \u1ee9ng k\u1ef3 v\u1ecdng c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0. \u0110\u1eb7c bi\u1ec7t, \u0111\u1ed1i v\u1edbi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i, \u0111\u00e2y l\u00e0 y\u1ebfu t\u1ed1 h\u1ecd r\u1ea5t quan t\u00e2m trong b\u1ed1i c\u1ea3nh Vi\u1ec7t Nam \u0111\u00e3 \u0111\u01b0\u1ee3c n\u00e2ng h\u1ea1ng. Quy \u0111\u1ecbnh m\u1edbi kh\u00f4ng ch\u1ec9 thu\u1eadn l\u1ee3i cho doanh nghi\u1ec7p c\u00f3 nhu c\u1ea7u IPO v\u00e0 ni\u00eam y\u1ebft, m\u00e0 c\u00f2n gi\u00fap th\u1ecb tr\u01b0\u1eddng c\u00f3 th\u00eam ngu\u1ed3n h\u00e0ng h\u00f3a ch\u1ea5t l\u01b0\u1ee3ng, \u0111\u00e1p \u1ee9ng nhu c\u1ea7u \u0111\u1ea7u t\u01b0 qu\u1ed1c t\u1ebf”<\/span><\/i>, \u00f4ng Ho\u00e0ng V\u0103n Thu, Ph\u00f3 Ch\u1ee7 t\u1ecbch UBCKNN chia s\u1ebb.<\/span><\/p>\n

B\u00ean c\u1ea1nh h\u00e0nh lang ph\u00e1p l\u00fd th\u00f4ng tho\u00e1ng, c\u00e2u chuy\u1ec7n n\u00e2ng h\u1ea1ng c\u0169ng l\u00e0 m\u1ed9t y\u1ebfu t\u1ed1 th\u00fac \u0111\u1ea9y s\u1ef1 b\u00f9ng n\u1ed5 ho\u1ea1t \u0111\u1ed9ng IPO. <\/span>Theo Dragon Capital, khi m\u1ed9t th\u1ecb tr\u01b0\u1eddng \u0111\u01b0\u1ee3c ph\u00e2n lo\u1ea1i l\u00e0 m\u1edbi n\u1ed5i v\u00e0 thu h\u00fat nhi\u1ec1u v\u1ed1n qu\u1ed1c t\u1ebf h\u01a1n, th\u1ecb tr\u01b0\u1eddng n\u00e0y c\u00f3 xu h\u01b0\u1edbng khuy\u1ebfn kh\u00edch c\u00e1c c\u00f4ng ty (v\u00e0 Ch\u00ednh ph\u1ee7 th\u00f4ng qua c\u1ed5 ph\u1ea7n h\u00f3a) khai th\u00e1c th\u1ecb tr\u01b0\u1eddng<\/span>.<\/span><\/p>\n

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\"Bom<\/a><\/p>

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C\u00e1c ch\u1ee7 s\u1edf h\u1eefu c\u00f4ng ty coi \u0111\u00e2y l\u00e0 th\u1eddi \u0111i\u1ec3m t\u1ed1t \u0111\u1ec3 ni\u00eam y\u1ebft, v\u00ec h\u1ecd c\u00f3 th\u1ec3 \u0111\u1ea1t \u0111\u01b0\u1ee3c m\u1ee9c gi\u00e1 t\u1ed1t h\u01a1n cho c\u1ed5 phi\u1ebfu c\u1ee7a m\u00ecnh v\u00e0 t\u1ef1 tin r\u1eb1ng c\u00f3 \u0111\u1ee7 nhu c\u1ea7u c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0. <\/span>\u0110<\/span>\u1ed1i v\u1edbi Vi\u1ec7t Nam, c\u00e1c <\/span>“<\/span>k\u1ef3 l\u00e2n<\/span>“<\/span> ho\u1eb7c c\u00e1c doanh nghi\u1ec7p <\/span>N<\/span>h\u00e0 n\u01b0\u1edbc c\u00f3 th\u1ec3 s\u1eb5n s\u00e0ng ti\u1ebfn h\u00e0nh IPO h\u01a1n khi th\u1ecb tr\u01b0\u1eddng n\u1eb1m trong danh m\u1ee5c m\u1edbi n\u1ed5i, k\u1ef3 v\u1ecdng nhu c\u1ea7u m\u1ea1nh m\u1ebd t\u1eeb c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i hi\u1ec7n c\u00f3 th\u1ec3 \u0111\u1ea7u t\u01b0.<\/span><\/span><\/p>\n

Theo Dragon Capital, m\u1ed9t th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i c\u00f3 th\u1ec3 k\u00edch<\/span> th\u00edch<\/span> Vi\u1ec7t Nam \u0111\u1ea9y nhanh c\u00e1c k\u1ebf ho\u1ea1ch c\u1ed5 ph\u1ea7n h\u00f3a, b\u00e1n c\u1ed5 ph\u1ea7n t\u1ea1i c\u00e1c c\u00f4ng ty nh\u00e0 n\u01b0\u1edbc th\u00f4ng qua th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 qu\u1ed1c t\u1ebf v\u1edbi m\u1ee9c gi\u00e1 \u01b0u \u0111\u00e3i. \u0110\u1ed3ng th\u1eddi<\/span>, ch\u00ednh th\u1ee9c n\u00e2ng h\u1ea1ng<\/span> c\u00f3 th\u1ec3 khuy\u1ebfn kh\u00edch khu v\u1ef1c t\u01b0 nh\u00e2n c\u00e2n nh\u1eafc IPO \u0111\u1ec3 t\u00e0i tr\u1ee3 cho vi\u1ec7c m\u1edf r\u1ed9ng, v\u00ec bi\u1ebft r\u1eb1ng th\u1ecb tr\u01b0\u1eddng c\u00f3 th\u1ec3 h\u1ea5p th\u1ee5 c\u00e1c giao d\u1ecbch l\u1edbn h\u01a1n.<\/span><\/span><\/p>\n

B\u00ean<\/span> c\u1ea1nh \u0111\u00f3,<\/span> <\/span>v<\/span>\u1ecb th\u1ebf th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i mang l\u1ea1i uy t\u00edn v\u00e0 s\u1ef1 t\u00edn nhi\u1ec7m. C\u00e1c c\u00f4ng ty th\u01b0\u1eddng th\u00edch ni\u00eam y\u1ebft tr\u00ean m\u1ed9t th\u1ecb tr\u01b0\u1eddng n\u1eb1m trong t\u1ea7m ng\u1eafm c\u1ee7a c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 to\u00e0n c\u1ea7u. N\u1ebfu Vi\u1ec7t Nam l\u00e0 m\u1ed9t th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i, b\u1ea5t k\u1ef3 \u0111\u1ee3t IPO n\u00e0o t\u1ea1i Vi\u1ec7t Nam \u0111\u1ec1u t\u1ef1 \u0111\u1ed9ng c\u00f3 \u0111\u1ed1i t\u01b0\u1ee3ng ti\u1ec1m n\u0103ng r\u1ed9ng h\u01a1n<\/span>. \u0110<\/span>i\u1ec1u n\u00e0y c\u00f3 th\u1ec3<\/span> thu h\u00fat<\/span> c\u00e1c qu\u1ef9 th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i to\u00e0n c\u1ea7u tham<\/span> gia.<\/span><\/p>\n

H\u01a1n<\/span> n\u1eefa, k<\/span>hi \u0111\u01b0\u1ee3c n\u00e2ng h\u1ea1ng, <\/span>\u0111<\/span>\u1ec3 duy tr\u00ec ho\u1eb7c t\u0103ng tr\u1ecdng s\u1ed1 c\u1ee7a Vi\u1ec7t Nam trong ch\u1ec9 s\u1ed1 c\u1ee7a th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i, c\u00e1c c\u00f4ng ty ni\u00eam y\u1ebft m\u1edbi s\u1ebd \u0111\u00f3ng g\u00f3p l\u1edbn.<\/span> <\/span>Do \u0111\u00f3, c\u00e1c nh\u00e0 ho\u1ea1ch \u0111\u1ecbnh ch\u00ednh s\u00e1ch c\u00f3 th\u1ec3 th\u00fac \u0111\u1ea9y IPO c\u1ee7a c\u00e1c c\u00f4ng ty \u0111\u1ea7u ng\u00e0nh trong c\u00e1c l\u0129nh v\u1ef1c nh\u01b0 c\u00e1c ng\u00e2n h\u00e0ng, vi\u1ec5n th\u00f4ng ho\u1eb7c c\u00f4ng ty con c\u1ee7a c\u00e1c t\u1eadp \u0111o\u00e0n \u0111\u1ec3 t\u0103ng quy m\u00f4 th\u1ecb tr\u01b0\u1eddng v\u00e0 t\u00ednh \u0111a d\u1ea1ng c\u1ee7a ng\u00e0nh.<\/span><\/span><\/p>\n

Nh\u00ecn chung, Vi\u1ec7t Nam \u0111ang trong th\u1eddi \u0111i\u1ec3m v\u00e0ng \u0111\u1ec3 t\u1ea1o ra m\u1ed9t l\u00e0n s\u00f3ng IPO c\u00f3 th\u1ec3 l\u00e0 l\u1edbn nh\u1ea5t l\u1ecbch s\u1eed. T\u1eeb b\u1ed1i c\u1ea3nh v\u0129 m\u00f4, h\u00e0nh lang ph\u00e1p l\u00fd \u0111\u1ebfn di\u1ec5n bi\u1ebfn th\u1ecb tr\u01b0\u1eddng, d\u00f2ng v\u1ed1n \u0111\u1ec1u \u0111ang t\u1ea1o \u0111i\u1ec1u ki\u1ec7n thu\u1eadn l\u1ee3i cho c\u00e1c “bom t\u1ea5n” IPO k\u00edch ho\u1ea1t. Nh\u1eefng t\u00ean tu\u1ed5i \u0111\u1ea7u ng\u00e0nh nh\u01b0 TCBS s\u1ebd \u0111\u1eb7t n\u1ec1n m\u00f3ng cho m\u1ed9t chu k\u1ef3 ph\u00e1t tri\u1ec3n m\u1edbi c\u1ee7a th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n.<\/span><\/p>\n

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\"Bom<\/a><\/p>

<\/figcaption><\/figure>\n
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FChoice l\u00e0 b\u1ea3ng b\u00ecnh ch\u1ecdn th\u01b0\u1eddng ni\u00ean do CafeF t\u1ed5 ch\u1ee9c, ra \u0111\u1eddi t\u1eeb n\u0103m 2021. \u0110\u00e2y kh\u00f4ng ch\u1ec9 l\u00e0 m\u1ed9t cu\u1ed9c b\u00ecnh ch\u1ecdn th\u00f4ng th\u01b0\u1eddng m\u00e0 l\u00e0 “b\u1ea3n \u0111\u1ed3 th\u00e0nh t\u1ef1u” ph\u1ea3n \u00e1nh nh\u1eefng c\u00e2u chuy\u1ec7n \u0111\u1ed9t ph\u00e1, c\u00f3 t\u00e1c \u0111\u1ed9ng quan tr\u1ecdng \u0111\u1ebfn n\u1ec1n kinh t\u1ebf qu\u1ed1c gia, \u0111\u1eb7c bi\u1ec7t trong l\u0129nh v\u1ef1c t\u00e0i ch\u00ednh. N\u0103m 2025, FChoice \u0111\u00e3 ch\u00ednh th\u1ee9c quay tr\u1edf l\u1ea1i v\u1edbi th\u00f4ng \u0111i\u1ec7p “Vi\u1ec7t Nam v\u01b0\u01a1n m\u00ecnh” v\u1edbi 4 nh\u00f3m h\u1ea1ng m\u1ee5c l\u1edbn.<\/p>\n

Ngay t\u1eeb b\u00e2y gi\u1edd, h\u00e3y theo d\u00f5i b\u1ea3ng vinh danh T\u1ea0I \u0110\u00c2Y<\/a> v\u1edbi nh\u1eefng c\u00e2u chuy\u1ec7n \u0111\u1ed9t ph\u00e1, nh\u1eefng minh ch\u1ee9ng s\u1ed1ng \u0111\u1ed9ng cho s\u1ef1 ki\u00ean c\u01b0\u1eddng, n\u1ed7 l\u1ef1c \u0111\u1ed5i m\u1edbi v\u00e0 ni\u1ec1m t\u1ef1 h\u00e0o d\u00e2n t\u1ed9c trong giai \u0111o\u1ea1n ph\u00e1t tri\u1ec3n m\u1edbi T\u1ea0I \u0110\u00c2Y<\/a><\/p>\n<\/p><\/div>\n

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H\u00e0 Linh – TK: H\u01b0\u01a1ng Xu\u00e2n<\/p>\n

Nh\u1ecbp S\u1ed1ng Th\u1ecb Tr\u01b0\u1eddng<\/p>\n<\/p><\/div>\n

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Theo Nh\u1ecbp S\u1ed1ng Th\u1ecb Tr\u01b0\u1eddng<\/span> <\/svg> Copy link<\/i> <\/span> <\/a><\/p>\n

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Link b\u00e0i g\u1ed1c<\/span> <\/svg> L\u1ea5y link!<\/i> <\/span> https:\/\/markettimes.vn\/bom-tan-tcbs-ipo-thanh-cong-loi-khang-dinh-cho-vi-the-so-1-nganh-chung-khoan-dan-dat-lan-song-hang-hoa-chat-luong-do-bo-thi-truong-100888.html <\/span><\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

C\u00f9ng v\u1edbi s\u1ef1 ph\u00e1t tri\u1ec3n c\u1ee7a \u0111\u1ea5t n\u01b0\u1edbc, ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam \u0111ang b\u01b0\u1edbc v\u00e0o k\u1ef7 nguy\u00ean “m\u1edbi n\u1ed5i” v\u1edbi […]<\/p>","protected":false},"author":5,"featured_media":57653,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[221],"tags":[],"class_list":["post-57649","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\/57649","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\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/comments?post=57649"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/57649\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media\/57653"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media?parent=57649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/categories?post=57649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/tags?post=57649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}