{"id":65401,"date":"2026-03-26T08:56:56","date_gmt":"2026-03-26T01:56:56","guid":{"rendered":"https:\/\/hbbgroup.net\/vn-index-da-thuc-su-tao-day\/"},"modified":"2026-03-26T09:32:50","modified_gmt":"2026-03-26T02:32:50","slug":"vn-index-da-thuc-su-tao-day-hay-chi-la-nhip-hoi-ky-thuat","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/vi\/vn-index-da-thuc-su-tao-day-hay-chi-la-nhip-hoi-ky-thuat\/","title":{"rendered":"VN-Index \u0111\u00e3 th\u1ef1c s\u1ef1 t\u1ea1o \u0111\u00e1y hay ch\u1ec9 l\u00e0 nh\u1ecbp h\u1ed3i k\u1ef9 thu\u1eadt?"},"content":{"rendered":"
\n

Sau c\u00fa s\u1ed1c xung \u0111\u1ed9t M\u1ef9-Iran, th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam \u0111\u00e3 tr\u1ea3i qua nh\u1eefng bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh m\u1ebd v\u1edbi s\u1ef1 thay \u0111\u1ed5i ch\u00f3ng m\u1eb7t trong th\u1eddi gian ng\u1eafn.<\/p>\n

\u0110i\u1ec3m t\u00edch c\u1ef1c l\u00e0 VN-Index \u0111\u00e3 nhanh ch\u00f3ng ph\u1ee5c h\u1ed3i sau khi ch\u1ea1m v\u00f9ng \u0111\u00e1y 7 th\u00e1ng, v\u01b0\u1ee3t qua m\u1ee9c MA200 v\u00e0 ghi nh\u1eadn nh\u1eefng nh\u1ecbp t\u0103ng tr\u01b0\u1edfng tr\u1edf l\u1ea1i.\u00a0\u0110\u00f3ng c\u1eeda phi\u00ean giao d\u1ecbch 25\/3, VN-Index ti\u1ebfp t\u1ee5c t\u0103ng 43 \u0111i\u1ec3m, qua \u0111\u00f3 v\u01b0\u01a1n l\u00ean m\u1ed1c 1.658 \u0111i\u1ec3m, song thanh kho\u1ea3n l\u1ea1i ch\u01b0a th\u1eadt s\u1ef1 b\u00f9ng n\u1ed5.<\/p>\n

\"VN-Index
<\/figcaption><\/figure>\n

C\u00e2u h\u1ecfi \u0111\u1eb7t ra l\u00e0 li\u1ec7u VN-Index \u0111\u00e3 th\u1ef1c s\u1ef1 t\u1ea1o \u0111\u00e1y? Trong b\u1ed1i c\u1ea3nh n\u00e0y, \u0111\u00e2u s\u1ebd chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 ph\u00f9 h\u1ee3p \u0111\u1ec3 c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 n\u1eafm b\u1eaft c\u01a1 h\u1ed9i khi th\u1ecb tr\u01b0\u1eddng ph\u1ee5c h\u1ed3i?<\/p>\n

Ch\u01b0a th\u1ec3 kh\u1eb3ng \u0111\u1ecbnh VN-Index \u0111\u00e3 t\u1ea1o \u0111\u00e1y “c\u1ee9ng” <\/b><\/p>\n

Theo \u0111\u00e1nh gi\u00e1 c\u1ee7a \u00f4ng Nguy\u1ec5n \u0110\u1ee9c Khang, Tr\u01b0\u1edfng ph\u00f2ng Ph\u00e2n t\u00edch C\u00f4ng ty Ch\u1ee9ng kho\u00e1n Pinetree <\/b> , ch\u01b0a th\u1ec3 kh\u1eb3ng \u0111\u1ecbnh th\u1ecb tr\u01b0\u1eddng \u0111\u00e3 t\u1ea1o \u0111\u00e1y trung h\u1ea1n b\u1edfi:<\/p>\n

Th\u1ee9 nh\u1ea5t, <\/i> \u0111\u1ee3t gi\u1ea3m \u0111i\u1ec3m v\u1eeba qua kh\u00f4ng ch\u1ec9 \u0111\u01a1n thu\u1ea7n \u0111\u1ebfn t\u1eeb l\u00fd do \u0111\u1ecba ch\u00ednh tr\u1ecb. Nh\u1eefng r\u1ee7i ro n\u00e0y v\u1ed1n d\u0129 mang t\u00ednh th\u1eddi \u0111i\u1ec3m v\u00e0 c\u00f3 th\u1ec3 thay \u0111\u1ed5i r\u1ea5t nhanh ch\u00f3ng \u2013 t\u01b0\u01a1ng t\u1ef1 nh\u01b0 c\u00e1ch th\u1ecb tr\u01b0\u1eddng t\u1eebng ph\u1ea3n \u1ee9ng v\u1edbi nh\u1eefng pha “quay xe” ch\u00ednh s\u00e1ch b\u1ea5t ng\u1edd c\u1ee7a \u00f4ng Donald Trump tr\u01b0\u1edbc \u0111\u00e2y. Do \u0111\u00f3, r\u1ea5t kh\u00f3 \u0111\u1ec3 l\u1ea5y y\u1ebfu t\u1ed1 \u0111\u1ecba ch\u00ednh tr\u1ecb l\u00e0m th\u01b0\u1edbc \u0111o duy nh\u1ea5t cho vi\u1ec7c t\u1ea1o \u0111\u00e1y.<\/p>\n

Th\u1ee9 hai, <\/i> nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n nh\u00ecn th\u1eb3ng v\u00e0o b\u1ea3n ch\u1ea5t c\u1ee7a th\u1ecb tr\u01b0\u1eddng. Tr\u01b0\u1edbc khi nh\u1ecbp gi\u1ea3m m\u1ea1nh th\u00e1ng 3 di\u1ec5n ra, VN-Index v\u1ed1n d\u0129 \u0111\u00e3 “manh nha” b\u01b0\u1edbc v\u00e0o m\u1ed9t xu h\u01b0\u1edbng \u0111i\u1ec1u ch\u1ec9nh. R\u1ea5t nhi\u1ec1u nh\u00f3m c\u1ed5 phi\u1ebfu tr\u1ee5 c\u1ed9t mang t\u00ednh d\u1eabn d\u1eaft nh\u01b0 ng\u00e2n h\u00e0ng, ch\u1ee9ng kho\u00e1n v\u00e0 c\u00e1c c\u1ed5 phi\u1ebfu Midcap (v\u1ed1n h\u00f3a v\u1eeba) \u0111\u00e3 \u0111\u00e1nh m\u1ea5t xu h\u01b0\u1edbng t\u0103ng ng\u1eafn h\u1ea1n, th\u1ee7ng c\u00e1c \u0111\u01b0\u1eddng trung b\u00ecnh \u0111\u1ed9ng quan tr\u1ecdng (MA10, 20, 50, 100, th\u1eadm ch\u00ed l\u00e0 MA200).<\/p>\n

Theo th\u1ed1ng k\u00ea d\u1eef li\u1ec7u t\u1eeb Pinetree, t\u00ednh \u0111\u1ebfn th\u1eddi \u0111i\u1ec3m hi\u1ec7n t\u1ea1i, s\u1ed1 l\u01b0\u1ee3ng m\u00e3 gi\u1eef \u0111\u01b0\u1ee3c xu h\u01b0\u1edbng t\u0103ng trung h\u1ea1n l\u00e0 r\u1ea5t khi\u00eam t\u1ed1n: ch\u1ec9 c\u00f3 kho\u1ea3ng 18% c\u1ed5 phi\u1ebfu n\u1eb1m tr\u00ean \u0111\u01b0\u1eddng MA50 v\u00e0 25% n\u1eb1m tr\u00ean MA200.<\/p>\n

“V \u1edbi \u0111\u1ed9 r\u1ed9ng th\u1ecb tr\u01b0\u1eddng h\u1eb9p nh\u01b0 hi\u1ec7n t\u1ea1i, nh\u1ecbp ph\u1ee5c h\u1ed3i hi\u1ec7n t\u1ea1i nhi\u1ec1u kh\u1ea3 n\u0103ng ch\u1ec9 mang t\u00ednh ch\u1ea5t c\u1ee7a m\u1ed9t nh\u1ecbp h\u1ed3i k\u1ef9 thu\u1eadt” <\/i> , \u00f4ng Khang nh\u1eadn \u0111\u1ecbnh, \u0111\u1ed3ng th\u1eddi nh\u1ea5n m\u1ea1nh r\u1eb1ng trong nh\u1eefng phi\u00ean t\u1edbi, kh\u1ea3 n\u0103ng th\u1ecb tr\u01b0\u1eddng quay l\u1ea1i ki\u1ec3m \u0111\u1ecbnh v\u00f9ng 1.614 \u0111i\u1ec3m l\u00e0 ho\u00e0n to\u00e0n c\u00f3 th\u1ec3 x\u1ea3y ra.<\/p>\n

\"VN-Index
<\/figcaption><\/figure>\n

Hai d\u1ea5u hi\u1ec7u nh\u1eadn bi\u1ebft VN-Index b\u01b0\u1edbc v\u00e0o pha t\u0103ng b\u1ec1n v\u1eefng <\/b><\/p>\n

Tr\u01b0\u1edbc khi ch\u1ecbu t\u00e1c \u0111\u1ed9ng m\u1ea1nh t\u1eeb xung \u0111\u1ed9t \u0111\u1ecba ch\u00ednh tr\u1ecb, \u00f4ng Khang nh\u1ea5n m\u1ea1nh th\u1ecb tr\u01b0\u1eddng \u0111\u00e3 \u00e2m th\u1ea7m b\u01b0\u1edbc v\u00e0o v\u00f9ng gi\u1ea3m \u0111i\u1ec3m. ” Tuy nhi\u00ean, \u0111i\u1ec1u nguy hi\u1ec3m l\u00e0 th\u1ecb tr\u01b0\u1eddng gi\u1ea3m theo ki\u1ec3u ‘c\u01b0a ch\u00e2n b\u00e0n’, khi\u1ebfn nh\u00e0 \u0111\u1ea7u t\u01b0 kh\u00f4ng nh\u1eadn di\u1ec7n \u0111\u01b0\u1ee3c b\u1ee9c tranh t\u1ed5ng th\u1ec3 \u0111ang x\u1ea5u \u0111i <\/i> “, \u00f4ng n\u00f3i.<\/p>\n

\u0110\u1ec3 x\u00e1c \u0111\u1ecbnh VN-Index \u0111\u00e3 th\u1ef1c s\u1ef1 t\u1ea1o \u0111\u00e1y trung – d\u00e0i h\u1ea1n v\u00e0 b\u01b0\u1edbc v\u00e0o chu k\u1ef3 t\u0103ng tr\u01b0\u1edfng b\u1ec1n v\u1eefng, v\u1ecb chuy\u00ean gia cho r\u1eb1ng c\u1ea7n theo d\u00f5i ch\u1eb7t ch\u1ebd hai y\u1ebfu t\u1ed1: s\u1ef1 tr\u1edf l\u1ea1i c\u1ee7a d\u00f2ng v\u1ed1n ngo\u1ea1i v\u00e0 vi\u1ec7c gi\u1ea3i quy\u1ebft b\u00e0i to\u00e1n thanh kho\u1ea3n h\u1ec7 th\u1ed1ng ti\u1ec1n t\u1ec7.<\/p>\n

” N\u1ebfu \u00e1p l\u1ef1c b\u00e1n r\u00f2ng t\u1eeb kh\u1ed1i ngo\u1ea1i \u0111\u01b0\u1ee3c ch\u1ea5m d\u1ee9t v\u00e0 d\u00f2ng ti\u1ec1n b\u1eaft \u0111\u1ea7u mua r\u00f2ng \u1ed5n \u0111\u1ecbnh, c\u00f9ng v\u1edbi vi\u1ec7c gi\u1ea3i quy\u1ebft \u0111\u01b0\u1ee3c v\u1ea5n \u0111\u1ec1 thanh kho\u1ea3n, th\u1ecb tr\u01b0\u1eddng c\u00f3 th\u1ec3 s\u1ebd b\u01b0\u1edbc v\u00e0o m\u1ed9t giai \u0111o\u1ea1n h\u1ed3i ph\u1ee5c v\u1eefng ch\u1eafc h\u01a1n <\/i> “, \u00f4ng Khang kh\u1eb3ng \u0111\u1ecbnh.<\/p>\n

Hi\u1ec7n t\u1ea1i, thanh kho\u1ea3n h\u1ec7 th\u1ed1ng \u0111ang ph\u1ee5 thu\u1ed9c qu\u00e1 nhi\u1ec1u v\u00e0o c\u00e1c c\u00f4ng c\u1ee5 ng\u1eafn h\u1ea1n nh\u01b0 nghi\u1ec7p v\u1ee5 th\u1ecb tr\u01b0\u1eddng m\u1edf (OMO), d\u1eabn \u0111\u1ebfn s\u1ef1 tr\u1ed3i s\u1ee5t th\u1ea5t th\u01b0\u1eddng c\u1ee7a m\u1eb7t b\u1eb1ng l\u00e3i su\u1ea5t li\u00ean ng\u00e2n h\u00e0ng. Nguy\u00ean nh\u00e2n s\u00e2u xa l\u00e0 c\u00e1c ng\u00e2n h\u00e0ng th\u01b0\u01a1ng m\u1ea1i \u0111ang g\u1eb7p \u00e1p l\u1ef1c thanh kho\u1ea3n \u1edf c\u1ea3 hai \u0111\u1ea7u VND v\u00e0 USD.<\/p>\n

M\u1eb7c d\u00f9 Ng\u00e2n h\u00e0ng Nh\u00e0 n\u01b0\u1edbc \u0111\u00e3 c\u00f3 \u0111\u1ed9ng th\u00e1i b\u00e1n USD k\u1ef3 h\u1ea1n \u0111\u1ec3 h\u1ea1 nhi\u1ec7t t\u1ef7 gi\u00e1 trong ng\u1eafn h\u1ea1n, nh\u01b0ng ph\u1ea7n g\u1ed1c r\u1ec5 c\u1ee7a v\u1ea5n \u0111\u1ec1 thanh kho\u1ea3n v\u1eabn ch\u01b0a \u0111\u01b0\u1ee3c x\u1eed l\u00fd tri\u1ec7t \u0111\u1ec3. \u00d4ng Khang \u0111\u00e1nh gi\u00e1 m\u00f4i tr\u01b0\u1eddng ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 c\u00f3 xu h\u01b0\u1edbng th\u1eaft ch\u1eb7t ho\u1eb7c m\u1eb7t b\u1eb1ng l\u00e3i su\u1ea5t r\u1ee5c r\u1ecbch t\u0103ng lu\u00f4n l\u00e0 “k\u1ebb th\u00f9” c\u1ee7a th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n.<\/p>\n

H\u1ea1n ch\u1ebf “d\u00f2 \u0111\u00e1y, b\u1eaft \u0111\u00e1y” <\/b><\/p>\n

Khi t\u00e2m l\u00fd nh\u00e0 \u0111\u1ea7u t\u01b0 \u1ed5n \u0111\u1ecbnh tr\u1edf l\u1ea1i, chuy\u00ean gia d\u1ef1 b\u00e1o d\u00f2ng ti\u1ec1n s\u1ebd t\u00ecm \u0111\u1ebfn nh\u1eefng nh\u00f3m ng\u00e0nh c\u00f3 c\u01a1 b\u1ea3n t\u1ed1t v\u00e0 kh\u1ea3 n\u0103ng ch\u1ed1ng ch\u1ecbu t\u1ed1t v\u1edbi l\u1ea1m ph\u00e1t, ti\u00eau bi\u1ec3u l\u00e0 D\u1ea7u kh\u00ed v\u00e0 H\u00f3a ch\u1ea5t.<\/p>\n

\u00d4ng l\u00fd gi\u1ea3i r\u1eb1ng gi\u00e1 d\u1ea7u th\u00f4 s\u1ebd kh\u00f3 quay l\u1ea1i m\u1ee9c th\u1ea5p tr\u01b0\u1edbc xung \u0111\u1ed9t, \u0111\u1eb7c bi\u1ec7t v\u1edbi c\u00e1c v\u1ea5n \u0111\u1ec1 v\u1ec1 chu\u1ed7i cung \u1ee9ng to\u00e0n c\u1ea7u. ” S\u1ef1 gi\u00e1n \u0111o\u1ea1n n\u00e0y s\u1ebd gi\u00fap gi\u00e1 d\u1ea7u duy tr\u00ec \u1edf m\u1ee9c cao trong th\u1eddi gian t\u1edbi, t\u1ea1o \u0111i\u1ec1u ki\u1ec7n thu\u1eadn l\u1ee3i cho c\u00e1c doanh nghi\u1ec7p d\u1ea7u kh\u00ed <\/i> “, chuy\u00ean gia Pinetree chia s\u1ebb. Ngo\u00e0i D\u1ea7u kh\u00ed, c\u00e1c nh\u00f3m ng\u00e0nh nh\u01b0 H\u00f3a ch\u1ea5t, Cao su v\u00e0 Ph\u00e2n b\u00f3n c\u0169ng \u0111\u01b0\u1ee3c k\u1ef3 v\u1ecdng s\u1ebd h\u01b0\u1edfng l\u1ee3i t\u1eeb xu h\u01b0\u1edbng gi\u00e1 h\u00e0ng h\u00f3a th\u1ebf gi\u1edbi \u0111ang \u0111\u01b0\u1ee3c h\u1ed7 tr\u1ee3 m\u1ea1nh m\u1ebd.<\/p>\n

V\u1ec1 chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 trong b\u1ed1i c\u1ea3nh hi\u1ec7n t\u1ea1i, \u00f4ng Khang khuy\u1ebfn ngh\u1ecb nh\u00e0 \u0111\u1ea7u t\u01b0 h\u1ea1n ch\u1ebf t\u1ed1i \u0111a vi\u1ec7c d\u00f2 \u0111\u00e1y v\u00e0 b\u1eaft \u0111\u00e1y <\/b> , v\u00ec th\u1ecb tr\u01b0\u1eddng \u0111ang trong m\u1ed9t pha \u0111i\u1ec1u ch\u1ec9nh v\u1edbi nhi\u1ec1u y\u1ebfu t\u1ed1 kh\u00f3 l\u01b0\u1eddng.<\/p>\n

\u00d4ng cho r\u1eb1ng chi\u1ebfn l\u01b0\u1ee3c h\u1ee3p l\u00fd nh\u1ea5t l\u00e0 duy tr\u00ec t\u1ef7 tr\u1ecdng c\u1ed5 phi\u1ebfu \u1edf m\u1ee9c v\u1eeba ph\u1ea3i v\u00e0 ch\u1ee7 \u0111\u1ed9ng hi\u1ec7n th\u1ef1c h\u00f3a l\u1ee3i nhu\u1eadn khi c\u1ed5 phi\u1ebfu trong danh m\u1ee5c \u0111\u1ea1t \u0111\u01b0\u1ee3c t\u1ef7 su\u1ea5t sinh l\u1eddi m\u1ee5c ti\u00eau. ” H\u00e3y linh ho\u1ea1t ‘n\u0103ng nh\u1eb7t ch\u1eb7t b\u1ecb’, t\u1eadp trung v\u00e0o vi\u1ec7c qu\u1ea3n tr\u1ecb r\u1ee7i ro v\u00e0 b\u1ea3o v\u1ec7 v\u1ed1n, \u0111\u1ec3 ch\u1edd \u0111\u1ee3i m\u1ed9t chu k\u1ef3 t\u0103ng tr\u01b0\u1edfng th\u1ef1c s\u1ef1 r\u00f5 r\u00e0ng <\/i> “, \u00f4ng Khang nh\u1ea5n m\u1ea1nh.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

Sau c\u00fa s\u1ed1c xung \u0111\u1ed9t M\u1ef9-Iran, th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam \u0111\u00e3 tr\u1ea3i qua nh\u1eefng bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh m\u1ebd […]<\/p>","protected":false},"author":5,"featured_media":65512,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[221],"tags":[],"class_list":["post-65401","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\/65401","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=65401"}],"version-history":[{"count":1,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/65401\/revisions"}],"predecessor-version":[{"id":65515,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/65401\/revisions\/65515"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media\/65512"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media?parent=65401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/categories?post=65401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/tags?post=65401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}