{"id":58462,"date":"2026-01-06T11:35:14","date_gmt":"2026-01-06T04:35:14","guid":{"rendered":"https:\/\/hbbgroup.net\/tong-giam-doc-vsdc-he-lo-thoi-diem-van-hanh-co-che-doi-tac-bu-tru-trung-tam-ccp\/"},"modified":"2026-01-06T11:35:14","modified_gmt":"2026-01-06T04:35:14","slug":"tong-giam-doc-vsdc-he-lo-thoi-diem-van-hanh-co-che-doi-tac-bu-tru-trung-tam-ccp","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/vi\/tong-giam-doc-vsdc-he-lo-thoi-diem-van-hanh-co-che-doi-tac-bu-tru-trung-tam-ccp\/","title":{"rendered":"T\u1ed5ng Gi\u00e1m \u0111\u1ed1c VSDC h\u00e9 l\u1ed9 th\u1eddi \u0111i\u1ec3m v\u1eadn h\u00e0nh c\u01a1 ch\u1ebf \u0111\u1ed1i t\u00e1c b\u00f9 tr\u1eeb trung t\u00e2m (CCP)"},"content":{"rendered":"<div data-role=\"content\" id=\"mainContent\"><figcaption> <\/figcaption><p>  N\u0103m 2025 v\u1eeba qua l\u00e0 m\u1ed9t n\u0103m \u0111\u1eb7c bi\u1ec7t \u0111\u1ed1i v\u1edbi n\u1ec1n kinh t\u1ebf Vi\u1ec7t Nam khi \u0111\u1ea5t n\u01b0\u1edbc b\u01b0\u1edbc v\u00e0o k\u1ef7 nguy\u00ean v\u01b0\u01a1n m\u00ecnh c\u1ee7a d\u00e2n t\u1ed9c v\u00e0 th\u1ecb tr\u01b0\u1eddng v\u1ed1n, th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam c\u0169ng \u0111\u00e3 c\u00f3 m\u1ed9t n\u0103m ghi nh\u1eadn nhi\u1ec1u d\u1ea5u \u1ea5n quan tr\u1ecdng, trong \u0111\u00f3 n\u1ed5i b\u1eadt l\u00e0 H\u1ec7 th\u1ed1ng C\u00f4ng ngh\u1ec7 th\u00f4ng tin m\u1edbi cho th\u1ecb tr\u01b0\u1eddng (KRX) ch\u00ednh th\u1ee9c \u0111\u01b0\u1ee3c v\u1eadn h\u00e0nh. <\/p>\n<p>  \u0110\u1eb7c bi\u1ec7t, FTSE Russell \u0111\u00e3 c\u00f4ng b\u1ed1 n\u00e2ng h\u1ea1ng TTCK Vi\u1ec7t Nam t\u1eeb c\u1eadn bi\u00ean l\u00ean m\u1edbi n\u1ed5i th\u1ee9 c\u1ea5p. Trong n\u0103m qua, th\u1ecb tr\u01b0\u1eddng c\u0169ng \u0111\u00e3 ti\u1ebfp t\u1ee5c gi\u1eef v\u1eefng xu h\u01b0\u1edbng t\u0103ng tr\u01b0\u1edfng t\u00edch c\u1ef1c so v\u1edbi c\u00e1c th\u1ecb tr\u01b0\u1eddng kh\u00e1c trong khu v\u1ef1c. <\/p>\n<p>  B\u01b0\u1edbc sang n\u0103m 2026, m\u1ed9t n\u0103m c\u00f3 \u00fd ngh\u0129a quan tr\u1ecdng, l\u00e0 n\u0103m b\u1ea3n l\u1ec1 c\u1ee7a chu k\u1ef3 m\u1edbi \u0111\u1ed1i v\u1edbi n\u1ec1n kinh t\u1ebf n\u00f3i chung v\u00e0 TTCK Vi\u1ec7t Nam n\u00f3i ri\u00eang. Ch\u00ednh v\u00ec v\u1eady, ng\u00e0nh ch\u1ee9ng kho\u00e1n \u0111\u01b0\u1ee3c k\u1ef3 v\u1ecdng s\u1ebd ti\u1ebfp t\u1ee5c \u0111\u1ed5i m\u1edbi m\u1ea1nh m\u1ebd h\u01a1n, c\u00e1c c\u01a1 quan qu\u1ea3n l\u00fd v\u00e0 v\u1eadn h\u00e0nh th\u1ecb tr\u01b0\u1eddng trong \u0111\u00f3 c\u00f3 VSDC s\u1ebd t\u1eadp trung v\u00e0o m\u1ed9t s\u1ed1 nhi\u1ec7m v\u1ee5 tr\u1ecdng t\u00e2m. <\/p>\n<p>  Trao \u0111\u1ed5i trong Talk show Ph\u1ed1 T\u00e0i ch\u00ednh (The Finance Street) tr\u00ean VTV8, Ti\u1ebfn S\u0129 T\u1ea1 Thanh B\u00ecnh, T\u1ed5ng Gi\u00e1m \u0111\u1ed1c T\u1ed5ng c\u00f4ng ty L\u01b0u k\u00fd v\u00e0 B\u00f9 tr\u1eeb Ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam (VSDC) cho bi\u1ebft n\u0103m 2026, VSDC cam k\u1ebft \u0111\u1ed3ng h\u00e0nh c\u00f9ng th\u1ecb tr\u01b0\u1eddng, g\u00f3p ph\u1ea7n x\u00e2y d\u1ef1ng m\u1ed9t h\u1ec7 th\u1ed1ng sau giao d\u1ecbch an to\u00e0n, hi\u1ec7n \u0111\u1ea1i v\u00e0 b\u1ec1n v\u1eefng, t\u1ea1o n\u1ec1n t\u1ea3ng quan tr\u1ecdng \u0111\u1ec3 th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam ph\u00e1t tri\u1ec3n v\u00e0 thu h\u00fat hi\u1ec7u qu\u1ea3 c\u00e1c d\u00f2ng v\u1ed1n trong n\u01b0\u1edbc v\u00e0 qu\u1ed1c t\u1ebf trong giai \u0111o\u1ea1n t\u1edbi. <\/p>\n<p>  <b>   Trong n\u0103m 2025, VSDC \u0111\u00e3 t\u00edch c\u1ef1c ph\u1ed1i h\u1ee3p v\u1edbi UBCKNN, c\u00e1c s\u1edf giao d\u1ecbch ch\u1ee9ng kho\u00e1n c\u00f9ng c\u00e1c th\u00e0nh vi\u00ean tri\u1ec3n khai nhi\u1ec1u gi\u1ea3i ph\u00e1p quan tr\u1ecdng, gi\u00fap h\u1ec7 th\u1ed1ng KRX \u0111i v\u00e0o v\u1eadn h\u00e0nh, c\u0169ng nh\u01b0 ho\u00e0n thi\u1ec7n c\u00e1c ti\u00eau ch\u00ed \u0111\u1ec3 FTSE Russell c\u00f4ng b\u1ed1 n\u00e2ng h\u1ea1ng TTCK Vi\u1ec7t Nam. B\u00e0 \u0111\u00e1nh gi\u00e1 nh\u01b0 th\u1ebf n\u00e0o v\u1ec1 n\u0103m 2025 v\u1eeba qua?  <\/b> <\/p>\n<p>  <b>   TS. T\u1ea1 Thanh B\u00ecnh:  <\/b>  \ufeffN\u0103m 2025 c\u00f3 th\u1ec3 kh\u1eb3ng \u0111\u1ecbnh l\u00e0 m\u1ed9t n\u0103m b\u1ea3n l\u1ec1 v\u00e0 quan tr\u1ecdng trong l\u1ed9 tr\u00ecnh hi\u1ec7n \u0111\u1ea1i h\u00f3a h\u1ea1 t\u1ea7ng th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam, c\u0169ng nh\u01b0 trong ti\u1ebfn tr\u00ecnh \u0111\u00e1p \u1ee9ng c\u00e1c ti\u00eau ch\u00ed n\u00e2ng h\u1ea1ng theo chu\u1ea9n m\u1ef1c qu\u1ed1c t\u1ebf. \u0110\u00e2y l\u00e0 n\u0103m m\u00e0 s\u1ef1 ph\u1ed1i h\u1ee3p ch\u1eb7t ch\u1ebd, \u0111\u1ed3ng b\u1ed9 gi\u1eefa \u1ee6y ban Ch\u1ee9ng kho\u00e1n Nh\u00e0 n\u01b0\u1edbc (UBCKNN), S\u1edf Giao d\u1ecbch Ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam (VNX), T\u1ed5ng c\u00f4ng ty L\u01b0u k\u00fd v\u00e0 B\u00f9 tr\u1eeb Ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam (VSDC) c\u00f9ng c\u00e1c th\u00e0nh vi\u00ean th\u1ecb tr\u01b0\u1eddng \u0111\u00e3 \u0111\u01b0\u1ee3c c\u1ee5 th\u1ec3 h\u00f3a b\u1eb1ng nh\u1eefng k\u1ebft qu\u1ea3 r\u1ea5t r\u00f5 n\u00e9t v\u00e0 c\u00f3 t\u00ednh n\u1ec1n t\u1ea3ng d\u00e0i h\u1ea1n. <\/p>\n<p>  Th\u1ee9 nh\u1ea5t v\u1ec1 c\u00f4ng t\u00e1c n\u00e2ng h\u1ea1ng th\u1ecb tr\u01b0\u1eddng, ng\u00e0y 7\/10\/2025, FTSE Russell \u0111\u00e3 c\u00f3 th\u00f4ng b\u00e1o n\u00e2ng h\u1ea1ng th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam (TTCK) t\u1eeb nh\u00f3m c\u1eadn bi\u00ean (Frontier Market) l\u00ean th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i th\u1ee9 c\u1ea5p (Secondary Emerging Market), c\u00f3 hi\u1ec7u l\u1ef1c t\u1eeb ng\u00e0y 21\/9\/2026. Quy\u1ebft \u0111\u1ecbnh n\u00e0y \u0111\u00e3 \u0111\u00e1nh d\u1ea5u b\u01b0\u1edbc ngo\u1eb7t chi\u1ebfn l\u01b0\u1ee3c, ph\u1ea3n \u00e1nh n\u1ed7 l\u1ef1c c\u1ea3i c\u00e1ch h\u1ea1 t\u1ea7ng, c\u01a1 ch\u1ebf giao d\u1ecbch v\u00e0 minh b\u1ea1ch th\u00f4ng tin c\u1ee7a Vi\u1ec7t Nam trong th\u1eddi gian v\u1eeba qua. <\/p>\n<p>  N\u0103m 2025 c\u0169ng \u0111\u00e3 \u0111\u00e1nh d\u1ea5u m\u1ed9t trong nh\u1eefng giai \u0111o\u1ea1n s\u00f4i \u0111\u1ed9ng nh\u1ea5t trong h\u00e0nh tr\u00ecnh 25 n\u0103m h\u00ecnh th\u00e0nh v\u00e0 ph\u00e1t tri\u1ec3n c\u1ee7a TTCK Vi\u1ec7t Nam. Th\u1ecb tr\u01b0\u1eddng ghi nh\u1eadn m\u1ee9c t\u0103ng tr\u01b0\u1edfng v\u01b0\u1ee3t b\u1eadc v\u1edbi ch\u1ec9 s\u1ed1 VN-Index t\u0103ng 41%, c\u00f3 th\u1eddi \u0111i\u1ec3m \u0111\u1ea1t tr\u00ean 1.800 \u0111i\u1ec3m. Th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n n\u0103m 2025 c\u0169ng ch\u1ee9ng ki\u1ebfn s\u1ef1 b\u00f9ng n\u1ed5 v\u1ec1 thanh kho\u1ea3n. T\u1ed5ng gi\u00e1 tr\u1ecb giao d\u1ecbch c\u1ea3 3 s\u00e0n l\u1eadp k\u1ef7 l\u1ee5c v\u1edbi g\u1ea7n 83.000 t\u1ef7 \u0111\u1ed3ng trong phi\u00ean ng\u00e0y 5\/8\/2025. Gi\u00e1 tr\u1ecb giao d\u1ecbch b\u00ecnh qu\u00e2n trong n\u0103m \u0111\u1ea1t g\u1ea7n 29.500 t\u1ef7 \u0111\u1ed3ng\/phi\u00ean, t\u0103ng h\u01a1n 40% so v\u1edbi b\u00ecnh qu\u00e2n n\u0103m tr\u01b0\u1edbc. <\/p>\n<p>  Th\u1ee9 hai l\u00e0 h\u1ec7 th\u1ed1ng m\u1edbi KRX, vi\u1ec7c h\u1ec7 th\u1ed1ng c\u00f4ng ngh\u1ec7 th\u00f4ng tin KRX ch\u00ednh th\u1ee9c \u0111i v\u00e0o v\u1eadn h\u00e0nh an to\u00e0n, th\u00f4ng su\u1ed1t l\u00e0 m\u1ed9t d\u1ea5u m\u1ed1c \u0111\u1eb7c bi\u1ec7t quan tr\u1ecdng, cho ph\u00e9p th\u1ecb tr\u01b0\u1eddng tri\u1ec3n khai \u0111\u1ed3ng b\u1ed9 nhi\u1ec1u c\u1ea3i c\u00e1ch v\u1ec1 nghi\u1ec7p v\u1ee5 giao d\u1ecbch, b\u00f9 tr\u1eeb v\u00e0 thanh to\u00e1n, t\u1ea1o ti\u1ec1n \u0111\u1ec1 k\u1ef9 thu\u1eadt \u0111\u1ec3 x\u1eed l\u00fd c\u00e1c v\u1ea5n \u0111\u1ec1 t\u1ed3n t\u1ea1i trong c\u00e1c b\u1ed9 ti\u00eau ch\u00ed n\u00e2ng h\u1ea1ng. Tr\u00ean c\u01a1 s\u1edf h\u1ec7 th\u1ed1ng KRX, VSDC \u0111\u00e3 ph\u1ed1i h\u1ee3p v\u1edbi UBCKNN, SGDCK v\u00e0 c\u00e1c th\u00e0nh vi\u00ean th\u1ecb tr\u01b0\u1eddng ho\u00e0n thi\u1ec7n ho\u1ea1t \u0111\u1ed9ng b\u00f9 tr\u1eeb, thanh to\u00e1n theo h\u01b0\u1edbng ti\u1ec7m c\u1eadn th\u00f4ng l\u1ec7 qu\u1ed1c t\u1ebf, \u0111\u1eb7c bi\u1ec7t l\u00e0 vi\u1ec7c \u00e1p d\u1ee5ng c\u01a1 ch\u1ebf giao d\u1ecbch kh\u00f4ng y\u00eau c\u1ea7u \u0111\u1ee7 ti\u1ec1n tr\u01b0\u1edbc khi \u0111\u1eb7t l\u1ec7nh mua (non-prefunding) \u0111\u1ed1i v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1ed5 ch\u1ee9c n\u01b0\u1edbc ngo\u00e0i, \u0111\u1ed3ng th\u1eddi v\u1eabn b\u1ea3o \u0111\u1ea3m ch\u1eb7t ch\u1ebd y\u00eau c\u1ea7u qu\u1ea3n l\u00fd r\u1ee7i ro h\u1ec7 th\u1ed1ng. <\/p>\n<p>  Th\u1ee9 ba l\u00e0 n\u0103m 2025 c\u0169ng ghi nh\u1eadn b\u01b0\u1edbc ti\u1ebfn r\u1ea5t r\u00f5 r\u00e0ng v\u1ec1 khung kh\u1ed5 ph\u00e1p l\u00fd v\u00e0 chu\u1ea9n m\u1ef1c minh b\u1ea1ch th\u00f4ng tin, l\u00e0 n\u1ed9i dung \u0111\u01b0\u1ee3c c\u00e1c t\u1ed5 ch\u1ee9c x\u1ebfp h\u1ea1ng v\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0 qu\u1ed1c t\u1ebf \u0111\u1eb7c bi\u1ec7t quan t\u00e2m. VSDC \u0111\u00e3 ph\u1ed1i h\u1ee3p ch\u1eb7t ch\u1ebd v\u1edbi c\u00e1c Ban c\u1ee7a UBCKNN trong c\u00f4ng t\u00e1c x\u00e2y d\u1ef1ng v\u00e0 ho\u00e0n thi\u1ec7n h\u00e0nh lang ph\u00e1p l\u00fd, s\u1eeda \u0111\u1ed5i, b\u1ed5 sung c\u00e1c v\u0103n b\u1ea3n quan tr\u1ecdng nh\u01b0 Ngh\u1ecb \u0111\u1ecbnh 245\/2025\/N\u0110-CP, Th\u00f4ng t\u01b0 18\/2025\/TT-BTC, c\u0169ng nh\u01b0 ho\u00e0n thi\u1ec7n h\u1ec7 th\u1ed1ng quy ch\u1ebf n\u1ed9i b\u1ed9 ph\u1ee5c v\u1ee5 ho\u1ea1t \u0111\u1ed9ng \u0111\u0103ng k\u00fd, l\u01b0u k\u00fd, b\u00f9 tr\u1eeb v\u00e0 thanh to\u00e1n ch\u1ee9ng kho\u00e1n. <\/p>\n<p>  <b>   N\u0103m qua c\u0169ng \u0111\u00e1nh d\u1ea5u m\u1ed9t n\u0103m s\u1ed1 l\u01b0\u1ee3ng nh\u00e0 \u0111\u1ea7u t\u01b0 m\u1edf t\u00e0i kho\u1ea3n m\u1edbi \u0111\u1ea1t k\u1ef7 l\u1ee5c, ho\u00e0n th\u00e0nh s\u1edbm tr\u01b0\u1edbc m\u1ee5c ti\u00eau ph\u00e1t tri\u1ec3n th\u1ecb tr\u01b0\u1eddng \u0111\u1ebfn n\u0103m 2030, b\u00e0 \u0111\u00e1nh gi\u00e1 nh\u01b0 th\u1ebf n\u00e0o v\u1ec1 \u0111i\u1ec1u n\u00e0y?  <\/b> <\/p>\n<p>  <b>   TS. T\u1ea1 Thanh B\u00ecnh:  <\/b>  \ufeffD\u01b0\u1edbi g\u00f3c nh\u00ecn c\u1ee7a T\u1ed5ng c\u00f4ng ty L\u01b0u k\u00fd v\u00e0 B\u00f9 tr\u1eeb ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam (VSDC), vi\u1ec7c s\u1ed1 l\u01b0\u1ee3ng nh\u00e0 \u0111\u1ea7u t\u01b0 m\u1edf t\u00e0i kho\u1ea3n m\u1edbi trong n\u0103m qua \u0111\u1ea1t m\u1ee9c k\u1ef7 l\u1ee5c l\u00e0 m\u1ed9t d\u1ea5u m\u1ed1c r\u1ea5t \u0111\u00e1ng ch\u00fa \u00fd, ph\u1ea3n \u00e1nh c\u1ea3 s\u1ef1 ph\u00e1t tri\u1ec3n v\u1ec1 chi\u1ec1u r\u1ed9ng l\u1eabn chi\u1ec1u s\u00e2u c\u1ee7a th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam. <\/p>\n<p>  S\u1ed1 li\u1ec7u th\u1ed1ng k\u00ea t\u1ea1i VSDC cho th\u1ea5y \u0111\u1ebfn gi\u1eefa th\u00e1ng 12\/2025, t\u1ed5ng s\u1ed1 t\u00e0i kho\u1ea3n nh\u00e0 \u0111\u1ea7u t\u01b0 tr\u00ean to\u00e0n th\u1ecb tr\u01b0\u1eddng \u0111\u00e3 \u0111\u1ea1t h\u01a1n 11,7 tri\u1ec7u t\u00e0i kho\u1ea3n, t\u0103ng m\u1ea1nh so v\u1edbi \u0111\u1ea7u n\u0103m v\u00e0 v\u01b0\u1ee3t xa m\u1ed1c d\u1ef1 ki\u1ebfn. Trong \u0111\u00f3, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n trong n\u01b0\u1edbc ti\u1ebfp t\u1ee5c chi\u1ebfm t\u1ef7 tr\u1ecdng \u00e1p \u0111\u1ea3o, v\u1edbi h\u01a1n 11,66 tri\u1ec7u t\u00e0i kho\u1ea3n. <\/p>\n<p>  C\u00f2n \u0111\u1ed1i v\u1edbi kh\u1ed1i nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i, m\u1eb7c d\u00f9 quy m\u00f4 t\u00e0i kho\u1ea3n c\u00f2n khi\u00eam t\u1ed1n so v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 trong n\u01b0\u1edbc, xu h\u01b0\u1edbng gia t\u0103ng v\u1eabn \u0111\u01b0\u1ee3c ghi nh\u1eadn t\u01b0\u01a1ng \u0111\u1ed1i \u1ed5n \u0111\u1ecbnh  <b>   .  <\/b>  Tuy nhi\u00ean, ch\u00fang t\u00f4i cho r\u1eb1ng, vi\u1ec7c s\u1ed1 l\u01b0\u1ee3ng nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n chi\u1ebfm t\u1ec9 l\u1ec7 qu\u00e1 l\u1edbn nh\u01b0 v\u1eady, c\u0169ng s\u1ebd ph\u1ea7n n\u00e0o \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn t\u00ednh \u1ed5n \u0111\u1ecbnh c\u1ee7a th\u1ecb tr\u01b0\u1eddng. Ch\u00ednh v\u00ec v\u1eady, B\u1ed9 T\u00e0i ch\u00ednh \u0111\u00e3 ban h\u00e0nh Quy\u1ebft \u0111\u1ecbnh s\u1ed1 3168\/Q\u0110-BTC ng\u00e0y 12\/9\/2025 ph\u00ea duy\u1ec7t \u0110\u1ec1 \u00e1n \u201cT\u00e1i c\u1ea5u tr\u00fac nh\u00e0 \u0111\u1ea7u t\u01b0 v\u00e0 ph\u00e1t tri\u1ec3n ng\u00e0nh qu\u1ef9 \u0111\u1ea7u t\u01b0 ch\u1ee9ng kho\u00e1n \u0111\u1ebfn n\u0103m 2030\u201d. \u0110\u00e2y l\u00e0 m\u1ed9t trong nh\u1eefng n\u1ed7 l\u1ef1c tr\u1ecdng t\u00e2m c\u1ee7a c\u01a1 quan qu\u1ea3n l\u00fd nh\u1eb1m c\u01a1 c\u1ea5u l\u1ea1i c\u1ea7u \u0111\u1ea7u t\u01b0, n\u00e2ng cao ch\u1ea5t l\u01b0\u1ee3ng v\u00e0 t\u00ednh b\u1ec1n v\u1eefng c\u1ee7a th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam. <\/p>\n<p>  T\u1eeb g\u00f3c \u0111\u1ed9 tri\u1ec3n v\u1ecdng, VSDC \u0111\u00e1nh gi\u00e1 s\u1ed1 l\u01b0\u1ee3ng t\u00e0i kho\u1ea3n nh\u00e0 \u0111\u1ea7u t\u01b0 v\u1eabn c\u00f2n d\u01b0 \u0111\u1ecba ti\u1ebfp t\u1ee5c t\u0103ng trong nh\u1eefng n\u0103m t\u1edbi. S\u1ef1 gia t\u0103ng nhanh c\u1ee7a s\u1ed1 l\u01b0\u1ee3ng t\u00e0i kho\u1ea3n c\u0169ng song h\u00e0nh v\u1edbi di\u1ec5n bi\u1ebfn t\u00edch c\u1ef1c c\u1ee7a th\u1ecb tr\u01b0\u1eddng trong n\u0103m qua, khi ch\u1ec9 s\u1ed1 th\u1ecb tr\u01b0\u1eddng t\u0103ng kho\u1ea3ng 30%, thanh kho\u1ea3n c\u1ea3i thi\u1ec7n r\u00f5 r\u1ec7t, ni\u1ec1m tin c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1eebng b\u01b0\u1edbc \u0111\u01b0\u1ee3c c\u1ee7ng c\u1ed1. <\/p>\n<p>  <b>   Trong b\u1ed1i c\u1ea3nh nhi\u1ec1u thu\u1eadn l\u1ee3i nh\u01b0 v\u1eady th\u00ec VSDC s\u1ebd c\u00f9ng c\u00e1c  <\/b>  <b>   c\u01a1 quan qu\u1ea3n l\u00fd v\u00e0 \u0111\u01a1n v\u1ecb v\u1eadn h\u00e0nh th\u1ecb tr\u01b0\u1eddng  <\/b>  <b>   kh\u00e1c ho\u00e0n thi\u1ec7n c\u00e1c ti\u00eau ch\u00ed n\u00e2ng h\u1ea1ng, c\u0169ng nh\u01b0 cung c\u1ea5p c\u00e1c s\u1ea3n ph\u1ea9m, d\u1ecbch v\u1ee5 m\u1edbi  <\/b>  <b>   cho nh\u00e0 \u0111\u1ea7u t\u01b0 nh\u01b0 th\u1ebf n\u00e0o nh\u01b0 th\u1ebf n\u00e0o trong n\u0103m 2026 v\u00e0 c\u00e1c n\u0103m t\u1edbi?  <\/b> <\/p>\n<p>  <b>   TS. T\u1ea1 Thanh B\u00ecnh:  <\/b>  \ufeffN\u0103m 2026, ho\u1ea1t \u0111\u1ed9ng c\u1ee7a VSDC ti\u1ebfp t\u1ee5c h\u01b0\u1edbng t\u1edbi vi\u1ec7c ho\u00e0n thi\u1ec7n n\u00e2ng h\u1ea1ng v\u00e0 ph\u00e1t tri\u1ec3n TTCK Vi\u1ec7t Nam. <\/p>\n<p>  Th\u1ee9 nh\u1ea5t l\u00e0 ch\u00fang t\u00f4i s\u1ebd ti\u1ebfp t\u1ee5c ph\u1ed1i h\u1ee3p v\u1edbi c\u00e1c S\u1edf GDCK ho\u00e0n thi\u1ec7n m\u1ee5c ti\u00eau n\u00e2ng h\u1ea1ng. Tr\u01b0\u1edbc h\u1ebft, VSDC x\u00e1c \u0111\u1ecbnh tri\u1ec3n khai \u1ed5n \u0111\u1ecbnh c\u00e1c nghi\u1ec7p v\u1ee5 c\u1ee7a VSDC tr\u00ean h\u1ec7 th\u1ed1ng m\u1edbi nh\u1eb1m \u0111\u00e1p \u1ee9ng l\u01b0u l\u01b0\u1ee3ng thanh to\u00e1n giao d\u1ecbch ch\u1ee9ng kho\u00e1n d\u1ef1 b\u00e1o s\u1ebd \u0111\u1ed9t bi\u1ebfn khi TTCK Vi\u1ec7t Nam \u0111\u01b0\u1ee3c n\u00e2ng h\u1ea1ng. B\u00ean c\u1ea1nh \u0111\u00f3, th\u1ef1c hi\u1ec7n ch\u1ec9 \u0111\u1ea1o c\u1ee7a UBCKNN h\u01b0\u1edbng t\u1edbi gi\u1ea3i quy\u1ebft c\u00e1c y\u00eau c\u1ea7u c\u1ee7a FTSE Russel cho k\u1ef3 \u0111\u00e1nh gi\u00e1 th\u00e1ng 3\/2026, VSDC \u0111ang t\u00edch c\u1ef1c tri\u1ec3n khai gi\u1ea3i ph\u00e1p k\u1ebft n\u1ed1i gi\u1eefa CTCK v\u00e0 ng\u00e2n h\u00e0ng l\u01b0u k\u00fd \u0111\u1ec3 n\u00e2ng cao hi\u1ec7u qu\u1ea3 giao d\u1ecbch, n\u00e2ng c\u1ea5p h\u1ec7 th\u1ed1ng qu\u1ef9 m\u1edf \u0111\u1ec3 \u0111\u00e1p \u1ee9ng t\u1ed1t h\u01a1n y\u00eau c\u1ea7u c\u1ee7a c\u00e1c Qu\u1ef9 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i. <\/p>\n<p>  Th\u1ee9 2 l\u00e0 ch\u00fang t\u00f4i s\u1ebd cung c\u1ea5p c\u00e1c s\u1ea3n ph\u1ea9m, d\u1ecbch v\u1ee5 m\u1edbi tr\u00ean n\u1ec1n t\u1ea3ng c\u00f4ng ngh\u1ec7 hi\u1ec7n \u0111\u1ea1i. VSDC \u0111\u1ecbnh h\u01b0\u1edbng ti\u1ebfp t\u1ee5c ph\u1ed1i h\u1ee3p ch\u1eb7t ch\u1ebd v\u1edbi c\u01a1 quan qu\u1ea3n l\u00fd v\u00e0 c\u00e1c th\u00e0nh vi\u00ean th\u1ecb tr\u01b0\u1eddng \u0111\u1ec3 x\u00e2y d\u1ef1ng v\u00e0 tri\u1ec3n khai c\u01a1 ch\u1ebf \u0111\u1ed1i t\u00e1c b\u00f9 tr\u1eeb trung t\u00e2m (CCP) cho th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n c\u01a1 s\u1edf, qua \u0111\u00f3 s\u1ebd gi\u00fap b\u1ea3o \u0111\u1ea3m an to\u00e0n thanh to\u00e1n, t\u0103ng t\u00ednh minh b\u1ea1ch v\u00e0 c\u1ee7ng c\u1ed1 ni\u1ec1m tin c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0. <\/p>\n<p>  Trong n\u0103m qua, VSDC \u0111\u00e3 ph\u1ed1i h\u1ee3p v\u1edbi SGDCK H\u00e0 N\u1ed9i v\u00e0 c\u00e1c b\u00ean li\u00ean quan tri\u1ec3n khai h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai ch\u1ec9 s\u1ed1 ch\u1ee9ng kho\u00e1n VN100. B\u00ean c\u1ea1nh \u0111\u00f3, VSDC s\u1ebd ti\u1ebfp t\u1ee5c ph\u1ed1i h\u1ee3p ch\u1eb7t ch\u1ebd v\u1edbi Ch\u1ee7 \u0111\u1ea7u t\u01b0 \u0111\u1ec3 n\u00e2ng c\u1ea5p h\u1ec7 th\u1ed1ng, t\u1ea1o n\u1ec1n t\u1ea3ng cho c\u00e1c nghi\u1ec7p v\u1ee5 m\u1edbi nh\u01b0 b\u00e1n ch\u1ee9ng kho\u00e1n ch\u1edd v\u1ec1, \u0111\u1ed3ng th\u1eddi s\u1eb5n s\u00e0ng h\u1ea1 t\u1ea7ng \u0111\u1ec3 h\u1ed7 tr\u1ee3 c\u00e1c s\u1ea3n ph\u1ea9m m\u1edbi c\u1ee7a th\u1ecb tr\u01b0\u1eddng nh\u01b0 s\u1ea3n ph\u1ea9m ph\u00e1i sinh v\u00e0ng, s\u00e0n giao d\u1ecbch ch\u1ee9ng kho\u00e1n chuy\u00ean bi\u1ec7t cho doanh nghi\u1ec7p kh\u1edfi nghi\u1ec7p s\u00e1ng t\u1ea1o. <\/p>\n<p>  <b>   Trong \u0110\u1ec1 \u00e1n n\u00e2ng h\u1ea1ng th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam \u0111\u01b0\u1ee3c th\u1ee7 t\u01b0\u1edbng Ch\u00ednh ph\u1ee7 ph\u00ea duy\u1ec7t \u0111\u00e3 n\u00eau r\u00f5 Vi\u1ec7t Nam s\u1ebd h\u01b0\u1edbng t\u1edbi c\u00e1c ti\u00eau chu\u1ea9n cao h\u01a1n c\u1ee7a FTSE v\u00e0 MSCI. VSDC \u0111ang tri\u1ec3n khai c\u00e1c gi\u1ea3i ph\u00e1p \u0111\u00e1p \u1ee9ng c\u00e1c y\u00eau c\u1ea7u n\u00e0y nh\u01b0 th\u1ebf n\u00e0o, th\u01b0a b\u00e0?  <\/b> <\/p>\n<p>  <b>   TS. T\u1ea1 Thanh B\u00ecnh:  <\/b>  \ufeffV\u1edbi vai tr\u00f2 l\u00e0 \u0111\u01a1n v\u1ecb h\u1ea1 t\u1ea7ng c\u1ed1t l\u00f5i c\u1ee7a th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam, VSDC \u0111ang t\u1eadp trung tri\u1ec3n khai \u0111\u1ed3ng b\u1ed9 nhi\u1ec1u nh\u00f3m gi\u1ea3i ph\u00e1p nh\u1eb1m \u0111\u00e1p \u1ee9ng c\u00e1c y\u00eau c\u1ea7u n\u00e2ng h\u1ea1ng th\u1ecb tr\u01b0\u1eddng theo c\u1ea3 c\u00e1c ti\u00eau ch\u00ed cao h\u01a1n c\u1ee7a FTSE Russel v\u00e0 xa h\u01a1n l\u00e0 c\u1ee7a MSCI. <\/p>\n<p>  Theo ti\u00eau ch\u00ed c\u1ee7a MSCI Global, Vi\u1ec7t Nam hi\u1ec7n \u0111ang \u0111\u01b0\u1ee3c x\u1ebfp h\u1ea1ng \u1edf m\u1ee9c th\u1ecb tr\u01b0\u1eddng c\u1eadn bi\u00ean. MSCI Global \u0111\u00e3 ghi nh\u1eadn th\u1ecb tr\u01b0\u1eddng Vi\u1ec7t Nam \u0111\u00e3 \u0111\u00e1p \u1ee9ng 10\/18 ti\u00eau ch\u00ed. C\u00f2n 03 ti\u00eau ch\u00ed ghi nh\u1eadn trong b\u00e1o c\u00e1o c\u1ee7a MSCI Global li\u00ean quan t\u1edbi ch\u00ednh s\u00e1ch bao g\u1ed3m: <\/p>\n<p>  &#8211;       M\u1ee9c gi\u1edbi h\u1ea1n s\u1edf h\u1eefu n\u01b0\u1edbc ngo\u00e0i (Foreign Ownership Limit Level) c\u00f2n h\u1ea1n ch\u1ebf; <\/p>\n<p>  &#8211;       M\u1ee9c s\u1edf h\u1eefu n\u01b0\u1edbc ngo\u00e0i c\u00f2n l\u1ea1i (Foreign Room Level)\/ Room n\u01b0\u1edbc ngo\u00e0i c\u00f2n l\u1ea1i t\u1ef1 do giao d\u1ecbch t\u1ea1i c\u00e1c doanh nghi\u1ec7p ni\u00eam y\u1ebft r\u1ea5t th\u1ea5p, thanh kho\u1ea3n kh\u00f4ng \u0111\u00e1p \u1ee9ng, \u1ea3nh h\u01b0\u1edfng t\u1edbi t\u1ef7 tr\u1ecdng danh m\u1ee5c c\u1ee7a MSCI khi c\u01a1 c\u1ea5u danh m\u1ee5c \u0111\u1ea7u t\u01b0 <\/p>\n<p>  &#8211;       M\u1ee9c \u0111\u1ed9 t\u1ef1 do h\u00f3a c\u1ee7a th\u1ecb tr\u01b0\u1eddng h\u1ed1i \u0111o\u00e1i ch\u01b0a \u0111\u00e1p \u1ee9ng. <\/p>\n<p>  Trong khu\u00f4n kh\u1ed5 Vi\u1ec7t Nam, \u0111\u1ec3 h\u01b0\u1edbng t\u1edbi m\u1ee5c ti\u00eau n\u00e2ng h\u1ea1ng cao h\u01a1n v\u00e0 xa h\u01a1n, c\u00e1c \u0111\u01a1n v\u1ecb t\u1ed5 ch\u1ee9c v\u00e0 v\u1eadn h\u00e0nh th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n c\u1ea7n t\u1eadp trung v\u00e0o c\u00e1c v\u1ea5n \u0111\u1ec1 v\u1ec1 c\u00f4ng b\u1ed1 th\u00f4ng tin, ho\u1ea1t \u0111\u1ed9ng gi\u00e1m s\u00e1t t\u1ef7 l\u1ec7 s\u1edf h\u1eefu n\u01b0\u1edbc ngo\u00e0i, v\u00e0 vi\u1ec7c t\u1ed1i \u01b0u h\u00f3a c\u00e1c c\u01a1 ch\u1ebf giao d\u1ecbch v\u00e0 thanh to\u00e1n giao d\u1ecbch theo th\u00f4ng l\u1ec7 qu\u1ed1c t\u1ebf. <\/p>\n<p>  Trong th\u1eddi gian t\u1edbi, VSDC s\u1ebd ti\u1ebfp t\u1ee5c kh\u1ea9n tr\u01b0\u01a1ng ho\u00e0n t\u1ea5t c\u00f4ng t\u00e1c th\u00e0nh l\u1eadp c\u00f4ng ty con th\u1ef1c hi\u1ec7n ch\u1ee9c n\u0103ng CCP. VSDC \u0111ang ho\u00e0n thi\u1ec7n khu\u00f4n kh\u1ed5 ph\u00e1p l\u00fd, thi\u1ebft k\u1ebf m\u00f4 h\u00ecnh qu\u1ea3n tr\u1ecb r\u1ee7i ro v\u00e0 chu\u1ea9n b\u1ecb c\u00e1c \u0111i\u1ec1u ki\u1ec7n c\u1ea7n thi\u1ebft,  <b>   ph\u1ea5n \u0111\u1ea5u \u0111\u01b0a CCP v\u00e0o v\u1eadn h\u00e0nh trong \u0111\u1ea7u n\u0103m 2027  <\/b>  , \u0111\u1ea3m b\u1ea3o ti\u1ec7m c\u1eadn c\u00e1c th\u00f4ng l\u1ec7 qu\u1ed1c t\u1ebf v\u00e0 \u0111\u00e1p \u1ee9ng y\u00eau c\u1ea7u c\u1ee7a c\u00e1c t\u1ed5 ch\u1ee9c x\u1ebfp h\u1ea1ng th\u1ecb tr\u01b0\u1eddng. <\/p>\n<p>  \u0110\u1ec3 h\u1ed7 tr\u1ee3 n\u00e2ng cao hi\u1ec7u qu\u1ea3 ho\u1ea1t \u0111\u1ed9ng giao d\u1ecbch, VSDC \u0111ang x\u00e2y d\u1ef1ng v\u00e0 ho\u00e0n thi\u1ec7n h\u1ec7 th\u1ed1ng giao ti\u1ebfp \u0111i\u1ec7n t\u1eed (STP) gi\u1eefa c\u00e1c ng\u00e2n h\u00e0ng l\u01b0u k\u00fd v\u00e0 c\u00f4ng ty ch\u1ee9ng kho\u00e1n, nh\u1eb1m r\u00fat ng\u1eafn th\u1eddi gian x\u1eed l\u00fd, n\u00e2ng cao kh\u1ea3 n\u0103ng ti\u1ebfp c\u1eadn th\u1ecb tr\u01b0\u1eddng cho nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i. VSDC c\u0169ng \u0111\u00e3 v\u00e0 \u0111ang t\u00edch c\u1ef1c g\u00f3p \u00fd cho c\u00e1c ch\u00ednh s\u00e1ch c\u1ee7a c\u01a1 quan qu\u1ea3n l\u00fd li\u00ean quan t\u1edbi ho\u1ea1t \u0111\u1ed9ng gi\u00e1m s\u00e1t t\u1ef7 l\u1ec7 s\u1edf h\u1eefu n\u01b0\u1edbc ngo\u00e0i, ho\u1ea1t \u0111\u1ed9ng c\u00f4ng b\u1ed1 th\u00f4ng tin v\u00e0 c\u00e1c ch\u00ednh s\u00e1ch c\u00f3 li\u00ean quan. <\/p>\n<p>  <b>   B\u00ean c\u1ea1nh \u0111\u00f3, trong vai tr\u00f2 v\u00e0 nhi\u1ec7m v\u1ee5 c\u1ee7a m\u00ecnh, VSDC s\u1ebd th\u1ef1c hi\u1ec7n c\u00e1c gi\u1ea3i ph\u00e1p chi\u1ebfn l\u01b0\u1ee3c nh\u01b0 th\u1ebf n\u00e0o trong n\u0103m 2026 \u0111\u1ec3 qua \u0111\u00f3 g\u00f3p ph\u1ea7n gi\u00fap th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n ng\u00e0y c\u00e0ng ph\u00e1t tri\u1ec3n m\u1ea1nh m\u1ebd v\u00e0 b\u1ec1n v\u1eefng?  <\/b> <\/p>\n<p>  <b>   TS. T\u1ea1 Thanh B\u00ecnh: <\/b>Nh\u01b0 \u0111\u00e3 trao \u0111\u1ed5i, trong n\u0103m 2026, VSDC s\u1ebd th\u1ef1c hi\u1ec7n c\u00e1c gi\u1ea3i ph\u00e1p chi\u1ebfn l\u01b0\u1ee3c cho giai \u0111o\u1ea1n m\u1edbi ph\u00f9 h\u1ee3p v\u1edbi c\u00e1c m\u1ee5c ti\u00eau trong Chi\u1ebfn l\u01b0\u1ee3c ph\u00e1t tri\u1ec3n th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam v\u00e0 nh\u1eefng \u0111\u1ecbnh h\u01b0\u1edbng ch\u00ednh s\u00e1ch theo c\u00e1c \u0110\u1ec1 \u00e1n \u0111\u00e3 \u0111\u01b0\u1ee3c Ch\u00ednh ph\u1ee7 v\u00e0 B\u1ed9 T\u00e0i ch\u00ednh ph\u00ea duy\u1ec7t. Trong \u0111\u00f3, VSDC t\u1eadp trung th\u1ef1c hi\u1ec7n c\u00e1c gi\u1ea3i ph\u00e1p. <\/p>\n<p>  Th\u1ee9 nh\u1ea5t l\u00e0 ho\u00e0n t\u1ea5t th\u00e0nh l\u1eadp c\u00f4ng ty con th\u1ef1c hi\u1ec7n ch\u1ee9c n\u0103ng \u0111\u1ed1i t\u00e1c b\u00f9 tr\u1eeb trung t\u00e2m (CCP) ho\u00e0n thi\u1ec7n c\u01a1 ch\u1ebf thanh to\u00e1n giao d\u1ecbch cho th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n c\u01a1 s\u1edf. <\/p>\n<p>  Th\u1ee9 hai l\u00e0 \u00e1p d\u1ee5ng th\u00f4ng su\u1ed1t v\u00e0 to\u00e0n di\u1ec7n chi\u1ebfn l\u01b0\u1ee3c chuy\u1ec3n \u0111\u1ed5i s\u1ed1 \u0111\u1ed1i v\u1edbi c\u00e1c nghi\u1ec7p v\u1ee5 gi\u1eefa VSDC v\u00e0 th\u00e0nh vi\u00ean. <\/p>\n<p>  Th\u1ee9 ba, \u0111\u1ea7u t\u01b0 h\u1ec7 th\u1ed1ng, ph\u00e1t tri\u1ec3n c\u00e1c s\u1ea3n ph\u1ea9m d\u1ecbch v\u1ee5 m\u1edbi nh\u01b0 s\u1ea3n ph\u1ea9m S\u1ed5 l\u01b0u k\u00fd \u0111i\u1ec7n t\u1eed (E-Passbook), c\u00e1c d\u1ecbch v\u1ee5 m\u1edbi nh\u01b0 vay\/cho vay ch\u1ee9ng kho\u00e1n, n\u00e2ng c\u1ea5p h\u1ec7 th\u1ed1ng \u0111\u1ea1i l\u00fd chuy\u1ec3n nh\u01b0\u1ee3ng cho qu\u1ef9 \u0111\u1ea7u t\u01b0, tri\u1ec3n khai v\u1eadn h\u00e0nh h\u1ec7 th\u1ed1ng giao ti\u1ebfp \u0111i\u1ec7n t\u1eed gi\u1eefa c\u00f4ng ty ch\u1ee9ng kho\u00e1n v\u00e0 ng\u00e2n h\u00e0ng l\u01b0u k\u00fd (h\u1ec7 th\u1ed1ng STP). <\/p>\n<p>  Th\u1ee9 t\u01b0 l\u00e0 th\u00fac \u0111\u1ea9y h\u1ee3p t\u00e1c s\u00e2u r\u1ed9ng v\u1edbi c\u00e1c \u0111\u1ed1i t\u00e1c qu\u1ed1c t\u1ebf, tham gia nghi\u00ean c\u1ee9u, \u00e1p d\u1ee5ng chu\u1ea9n m\u1ef1c qu\u1ed1c t\u1ebf, c\u1ea3i thi\u1ec7n hi\u1ec7u qu\u1ea3 ho\u1ea1t \u0111\u1ed9ng v\u00e0 ti\u1ebfp thu c\u00e1c s\u00e1ng ki\u1ebfn m\u1edbi, n\u00e2ng cao v\u1ecb th\u1ebf c\u1ee7a VSDC trong khu v\u1ef1c, g\u00f3p ph\u1ea7n x\u00e2y d\u1ef1ng uy t\u00edn c\u1ee7a TTCK Vi\u1ec7t Nam trong c\u1ed9ng \u0111\u1ed3ng \u0111\u1ea7u t\u01b0 qu\u1ed1c t\u1ebf. <\/p>\n<p>  T\u00f4i cho r\u1eb1ng n\u0103m 2026 s\u1ebd l\u00e0 m\u1ed9t n\u0103m s\u00f4i \u0111\u1ed9ng ti\u1ebfp theo c\u1ee7a th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam v\u00e0 c\u0169ng s\u1ebd l\u00e0 m\u1ed9t n\u0103m ghi nh\u1eadn nhi\u1ec1u thay \u0111\u1ed5i m\u1edbi h\u01a1n n\u1eefa c\u1ee7a th\u1ecb tr\u01b0\u1eddng. VSDC cam k\u1ebft \u0111\u1ed3ng h\u00e0nh c\u00f9ng th\u1ecb tr\u01b0\u1eddng, g\u00f3p ph\u1ea7n x\u00e2y d\u1ef1ng m\u1ed9t h\u1ec7 th\u1ed1ng sau giao d\u1ecbch an to\u00e0n, hi\u1ec7n \u0111\u1ea1i v\u00e0 b\u1ec1n v\u1eefng, t\u1ea1o n\u1ec1n t\u1ea3ng quan tr\u1ecdng \u0111\u1ec3 th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam ph\u00e1t tri\u1ec3n v\u00e0 thu h\u00fat hi\u1ec7u qu\u1ea3 c\u00e1c d\u00f2ng v\u1ed1n trong n\u01b0\u1edbc v\u00e0 qu\u1ed1c t\u1ebf trong giai \u0111o\u1ea1n t\u1edbi. <\/p>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"<p>N\u0103m 2025 v\u1eeba qua l\u00e0 m\u1ed9t n\u0103m \u0111\u1eb7c bi\u1ec7t \u0111\u1ed1i v\u1edbi n\u1ec1n kinh t\u1ebf Vi\u1ec7t Nam khi \u0111\u1ea5t n\u01b0\u1edbc b\u01b0\u1edbc [&hellip;]<\/p>","protected":false},"author":5,"featured_media":58466,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[221],"tags":[],"class_list":["post-58462","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\/58462","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=58462"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/58462\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media\/58466"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media?parent=58462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/categories?post=58462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/tags?post=58462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}