{"id":78968,"date":"2026-05-12T08:57:43","date_gmt":"2026-05-12T01:57:43","guid":{"rendered":"https:\/\/hbbgroup.net\/tin-tuc-sang-12-5-se-lien-ket-tai-khoan-vi-dien-tu-tren-vneid-de-thuc-hien-thanh-toan\/"},"modified":"2026-05-12T10:09:49","modified_gmt":"2026-05-12T03:09:49","slug":"abs-research-yeu-to-rui-ro-voi-co-phieu-da-giam-di-dang-ke-phu-hop-cho-vi-the-trung-han","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/vi\/abs-research-yeu-to-rui-ro-voi-co-phieu-da-giam-di-dang-ke-phu-hop-cho-vi-the-trung-han\/","title":{"rendered":"ABS Research: Y\u1ebfu t\u1ed1 r\u1ee7i ro v\u1edbi c\u1ed5 phi\u1ebfu \u0111\u00e3 gi\u1ea3m \u0111i \u0111\u00e1ng k\u1ec3, ph\u00f9 h\u1ee3p cho v\u1ecb th\u1ebf trung h\u1ea1n"},"content":{"rendered":"
\n
<\/figure>\n

\u00a0<\/p>\n<\/div>\n\n\n

Trong b\u00e1o c\u00e1o chi\u1ebfn l\u01b0\u1ee3c th\u00e1ng 5, Kh\u1ed1i Ph\u00e2n t\u00edch v\u00e0 \u0110\u1ea7u t\u01b0 – C\u00f4ng ty C\u1ed5 ph\u1ea7n Ch\u1ee9ng kho\u00e1n An B\u00ecnh (ABS<\/a> Research) \u0111\u00e1nh gi\u00e1 P\/E d\u1ef1 ph\u00f3ng c\u1ee7a VN-Index<\/a> \u1edf m\u1ee9c kho\u1ea3ng 13.4x, t\u01b0\u01a1ng \u0111\u01b0\u01a1ng m\u1ee9c trung b\u00ecnh d\u00e0i h\u1ea1n. N\u1ebfu lo\u1ea1i tr\u1eeb nh\u00f3m c\u1ed5 phi\u1ebfu Vingroup th\u00ec P\/E \u1edf m\u1ee9c 10.5x, v\u1eabn l\u00e0 m\u1ee9c h\u1ea5p d\u1eabn cho \u0111\u1ea7u t\u01b0 trung d\u00e0i h\u1ea1n.<\/p>\n\n\n\n

Sau qu\u00fd 1 t\u0103ng tr\u01b0\u1edfng m\u1ea1nh m\u1ebd, n\u1ec1n kinh t\u1ebf th\u1ef1c duy tr\u00ec \u0111\u00e0 t\u0103ng trong th\u00e1ng 4 v\u1edbi s\u1ea3n xu\u1ea5t c\u00f4ng nghi\u1ec7p ti\u1ebfp t\u1ee5c m\u1edf r\u1ed9ng th\u00e1ng th\u1ee9 10 li\u00ean ti\u1ebfp (theo ch\u1ec9 s\u1ed1 PMI) trong khi ch\u1ec9 s\u1ed1 s\u1ea3n xu\u1ea5t c\u00f4ng nghi\u1ec7p (IIP) t\u0103ng 9.9% so v\u1edbi c\u00f9ng k\u1ef3.<\/p>\n\n\n\n

ABS Research tin r\u1eb1ng Vi\u1ec7t Nam v\u1eabn duy tr\u00ec \u0111\u00e0 t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf m\u1ea1nh m\u1ebd trong c\u00e1c qu\u00fd t\u1edbi, \u0111\u1ea1t m\u1ee9c t\u0103ng GDP 8.6% cho c\u1ea3 n\u0103m 2026, v\u1edbi tr\u1edf ng\u1ea1i ch\u00ednh hi\u1ec7n \u0111ang n\u1eb1m \u1edf c\u00e1c ch\u1ec9 s\u1ed1 v\u0129 m\u00f4 nh\u01b0 l\u1ea1m ph\u00e1t, t\u1ef7 gi\u00e1, l\u00e3i su\u1ea5t\u2026<\/p>\n\n\n\n

Y\u1ebfu t\u1ed1 quan tr\u1ecdng nh\u1ea5t m\u00e0 th\u1ecb tr\u01b0\u1eddng th\u1ebf gi\u1edbi \u0111ang tr\u00f4ng ch\u1edd l\u00e0 tri\u1ec3n v\u1ecdng M\u1ef9 v\u00e0 Iran s\u1edbm \u0111\u1ea1t \u0111\u01b0\u1ee3c th\u1ecfa thu\u1eadn v\u1ec1 vi\u1ec7c ch\u1ea5m d\u1ee9t xung \u0111\u1ed9t, theo ch\u00fang t\u00f4i l\u00e0 r\u1ea5t kh\u1ea3 thi. Khi eo bi\u1ec3n Hormuz \u0111\u01b0\u1ee3c gi\u1ea3i t\u1ecfa, c\u00f9ng v\u1edbi vi\u1ec7c M\u1ef9, UAE v\u00e0 c\u00e1c n\u01b0\u1edbc OPEC t\u0103ng l\u01b0\u1ee3ng cung d\u1ea7u nh\u01b0 trong th\u1eddi gian v\u1eeba qua, th\u1ecb tr\u01b0\u1eddng k\u1ef3 v\u1ecdng gi\u00e1 d\u1ea7u th\u1ebf gi\u1edbi s\u1ebd gi\u1ea3m \u0111\u00e1ng k\u1ec3, gi\u00fap gi\u1ea3m \u00e1p l\u1ef1c l\u1ea1m ph\u00e1t tr\u00ean to\u00e0n th\u1ebf gi\u1edbi.<\/p>\n\n\n\n

Tr\u00ean c\u01a1 s\u1edf \u0111\u00f3, c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng c\u00e1c n\u1ec1n kinh t\u1ebf l\u1edbn c\u00f3 th\u1ec3 \u0111\u1ea9y nhanh ti\u1ebfn tr\u00ecnh c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t \u0111i\u1ec1u h\u00e0nh. Gi\u00e1 d\u1ea7u gi\u1ea3m, \u00e1p l\u1ef1c t\u0103ng nh\u1eadp kh\u1ea9u x\u0103ng d\u1ea7u v\u00e0 nguy\u00ean v\u1eadt li\u1ec7u s\u1ea3n xu\u1ea5t gi\u1ea3m b\u1edbt, gi\u00e1 v\u00e0ng v\u00e0 DXY suy y\u1ebfu c\u00f3 th\u1ec3 gi\u00fap gi\u1ea3m \u00e1p l\u1ef1c l\u1ea1m ph\u00e1t, l\u00e3i su\u1ea5t v\u00e0 t\u1ef7 gi\u00e1 \u0111\u1ed1i v\u1edbi Vi\u1ec7t Nam trong th\u1eddi gian t\u1edbi, trong khi c\u1ea3i thi\u1ec7n s\u1ee9c c\u1ea7u v\u00e0 bi\u00ean l\u1ee3i nhu\u1eadn c\u1ee7a h\u00e0ng h\u00f3a Vi\u1ec7t Nam.<\/p>\n\n\n\n

Tr\u00ean th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n, tri\u1ec3n v\u1ecdng l\u1ee3i nhu\u1eadn c\u1ee7a c\u00e1c doanh nghi\u1ec7p ni\u00eam y\u1ebft trong ph\u1ea7n c\u00f2n l\u1ea1i c\u1ee7a n\u0103m d\u1ef1 ki\u1ebfn ph\u00e2n h\u00f3a. \u00c1p l\u1ef1c t\u1eeb chi ph\u00ed s\u1ea3n xu\u1ea5t v\u00e0 l\u00e3i su\u1ea5t t\u0103ng cao d\u1ef1 ki\u1ebfn s\u1ebd ph\u1ea3n \u00e1nh r\u00f5 n\u00e9t h\u01a1n, khi\u1ebfn thu h\u1eb9p bi\u00ean l\u1ee3i nhu\u1eadn v\u00e0 doanh thu b\u00e1n h\u00e0ng, \u0111\u1eb7c bi\u1ec7t t\u1ea1i c\u00e1c doanh nghi\u1ec7p c\u00f3 \u0111\u00f2n b\u1ea9y t\u00e0i ch\u00ednh cao, s\u1eed d\u1ee5ng nhi\u1ec1u y\u1ebfu t\u1ed1 s\u1ea3n xu\u1ea5t v\u00e0 b\u00e1n h\u00e0ng li\u00ean quan \u0111\u1ebfn x\u0103ng d\u1ea7u, s\u1ea3n ph\u1ea9m h\u00f3a d\u1ea7u, v\u1eadn t\u1ea3i\u2026 NIM c\u00e1c ng\u00e2n h\u00e0ng c\u0169ng ch\u1ecbu \u00e1p l\u1ef1c suy gi\u1ea3m tr\u01b0\u1edbc \u00e1p l\u1ef1c c\u00e2n \u0111\u1ed1i ngu\u1ed3n v\u1ed1n v\u00e0 n\u1ee3 x\u1ea5u c\u00f3 xu h\u01b0\u1edbng t\u0103ng<\/p>\n\n\n\n

V\u1ec1 m\u1eb7t \u0111\u1ecbnh gi\u00e1, P\/E d\u1ef1 ph\u00f3ng c\u1ee7a VN-Index \u1edf m\u1ee9c kho\u1ea3ng 13.4x, t\u01b0\u01a1ng \u0111\u01b0\u01a1ng m\u1ee9c trung b\u00ecnh d\u00e0i h\u1ea1n. N\u1ebfu lo\u1ea1i tr\u1eeb nh\u00f3m c\u1ed5 phi\u1ebfu Vingroup th\u00ec P\/E \u1edf m\u1ee9c 10.5x, v\u1eabn l\u00e0 m\u1ee9c h\u1ea5p d\u1eabn cho \u0111\u1ea7u t\u01b0 trung d\u00e0i h\u1ea1n.<\/p>\n\n\n\n

Trong th\u00e1ng 5, nhi\u1ec1u th\u00f4ng tin t\u1ed1t li\u00ean t\u1ee5c xu\u1ea5t hi\u1ec7n gi\u00fap c\u1ea3i thi\u1ec7n s\u1ee9c h\u00fat c\u1ee7a th\u1ecb tr\u01b0\u1eddng Vi\u1ec7t Nam v\u1edbi d\u00f2ng v\u1ed1n qu\u1ed1c t\u1ebf, nh\u01b0 vi\u1ec7c h\u00e3ng \u0111\u1ecbnh m\u1ee9c t\u00edn nhi\u1ec7m uy t\u00edn Moody\u2019s v\u1eeba n\u00e2ng tri\u1ec3n v\u1ecdng t\u00edn nhi\u1ec7m qu\u1ed1c gia c\u1ee7a Vi\u1ec7t Nam t\u1eeb ‘\u1ed5n \u0111\u1ecbnh’ l\u00ean ‘t\u00edch c\u1ef1c’. \u0110\u1ed3ng th\u1eddi, c\u00f3 nhi\u1ec1u th\u00f4ng tin cho r\u1eb1ng Vi\u1ec7t Nam c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c v\u00e0o danh s\u00e1ch theo d\u00f5i (Watch List) c\u1ee7a MSCI trong k\u1ef3 \u0111\u00e1nh gi\u00e1 th\u00e1ng 6\/2026, khi Vi\u1ec7t Nam \u0111\u00e3 \u0111\u1ea1t \u0111\u01b0\u1ee3c 10\/18 ti\u00eau ch\u00ed v\u1ec1 kh\u1ea3 n\u0103ng ti\u1ebfp c\u1eadn th\u1ecb tr\u01b0\u1eddng v\u00e0 \u0111ang t\u00edch c\u1ef1c c\u1ea3i thi\u1ec7n c\u00e1c ti\u00eau ch\u00ed c\u00f2n l\u1ea1i.<\/p>\n\n\n\n

Trong khi \u0111\u00f3, d\u00f2ng ti\u1ec1n n\u1ed9i s\u1ebd \u0111\u01b0\u1ee3c c\u1ea3i thi\u1ec7n nh\u1edd \u00e1p l\u1ef1c v\u0129 m\u00f4 \u0111\u01b0\u1ee3c gi\u1ea3i t\u1ecfa ph\u1ea7n n\u00e0o. Ngo\u00e0i ra, n\u1ebfu Th\u00f4ng t\u01b0 22 \u0111\u01b0\u1ee3c s\u1eeda \u0111\u1ed5i v\u1edbi c\u00e1c quy \u0111\u1ecbnh v\u00e0 l\u1ed9 tr\u00ecnh \u00e1p d\u1ee5ng h\u1ee3p l\u00fd c\u0169ng c\u00f3 th\u1ec3 c\u1ea3i thi\u1ec7n thanh kho\u1ea3n cho th\u1ecb tr\u01b0\u1eddng.<\/p>\n\n\n\n

D\u1ef1 b\u00e1o di\u1ec5n bi\u1ebfn VN-Index trong th\u00e1ng 5\/2026, ABS Research \u0111\u1ec1 xu\u1ea5t 2 k\u1ecbch b\u1ea3n.<\/p>\n\n\n\n

Trong k\u1ecbch b\u1ea3n th\u1ee9 nh\u1ea5t<\/strong>, ch\u1ec9 s\u1ed1 VN-Index s\u1edbm v\u01b0\u1ee3t qua \u0111\u1ec9nh c\u0169 1,920 \u0111i\u1ec3m, t\u00edch l\u0169y tr\u00ean v\u00f9ng \u0111\u1ec9nh v\u1edbi d\u00f2ng ti\u1ec1n lan t\u1ecfa v\u00e0 thanh kho\u1ea3n gia t\u0103ng, c\u1ee7ng c\u1ed1 \u0111\u00e0 t\u0103ng h\u01b0\u1edbng t\u1edbi m\u1ee5c ti\u00eau g\u1ea7n nh\u1ea5t \u1edf quanh v\u00f9ng kh\u00e1ng c\u1ef1 2,084 – 2,145 \u0111i\u1ec3m.<\/p>\n\n\n\n

\u1ede k\u1ecbch b\u1ea3n hai<\/strong>, trong tr\u01b0\u1eddng h\u1ee3p xung \u0111\u1ed9t t\u1ea1i Trung \u0110\u00f4ng ti\u1ebfp t\u1ee5c k\u00e9o d\u00e0i g\u00e2y t\u00e1c \u0111\u1ed9ng ti\u00eau c\u1ef1c \u0111\u1ebfn tri\u1ec3n v\u1ecdng kinh t\u1ebf th\u1ebf gi\u1edbi, th\u1ecb tr\u01b0\u1eddng c\u00f3 th\u1ec3 quay l\u1ea1i ki\u1ec3m \u0111\u1ecbnh h\u1ed7 tr\u1ee3 1,750-1,800 \u0111i\u1ec3m. C\u00f3 th\u1ec3 coi \u0111\u00e2y l\u00e0 v\u00f9ng \u0111\u00e1nh gi\u00e1 s\u1ee9c m\u1ea1nh t\u0103ng c\u1ee7a xu h\u01b0\u1edbng v\u00e0 nh\u1ecbp \u0111i\u1ec1u ch\u1ec9nh l\u00e0 nh\u1ecbp r\u0169 b\u1ecf trong xu h\u01b0\u1edbng t\u0103ng.<\/p>\n\n\n\n

Theo ABS Research, y\u1ebfu t\u1ed1 r\u1ee7i ro \u0111\u1ed1i v\u1edbi c\u1ed5 phi\u1ebfu gi\u1ea3m \u0111i \u0111\u00e1ng k\u1ec3, kh\u00e1 an to\u00e0n cho vi\u1ec7c ti\u1ebfp t\u1ee5c gia t\u0103ng v\u1ecb th\u1ebf n\u1eafm gi\u1eef trung h\u1ea1n khi th\u1ecb tr\u01b0\u1eddng chung c\u00f2n \u0111ang nghi ng\u1edd xu h\u01b0\u1edbng t\u0103ng.<\/p>\n\n\n\n

\u0110\u1ed1i v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 giao d\u1ecbch ng\u1eafn h\u1ea1n, c\u00f3 th\u1ec3 t\u0103ng t\u1ea7n su\u1ea5t giao d\u1ecbch d\u1ef1a tr\u00ean m\u1ed1c h\u1ed7 tr\u1ee3 – kh\u00e1ng c\u1ef1 s\u1eb5n c\u00f3 c\u1ee7a c\u1ed5 phi\u1ebfu. \u01afu ti\u00ean giao d\u1ecbch \u0111\u1ed1i v\u1edbi c\u1ed5 phi\u1ebfu h\u00ecnh th\u00e0nh \u0111\u00e1y sau n\u00e2ng d\u1ea7n tr\u00ean khung ng\u1eafn h\u1ea1n. C\u00e1c doanh nghi\u1ec7p c\u00f3 tri\u1ec3n v\u1ecdng KQKD t\u00edch c\u1ef1c, c\u01a1 c\u1ea5u t\u00e0i ch\u00ednh l\u00e0nh m\u1ea1nh, c\u1ed5 t\u1ee9c cao, \u0111\u1ecbnh gi\u00e1 h\u1ee3p l\u00fd v\u00e0 c\u00e1c c\u1ed5 phi\u1ebfu c\u00f3 tri\u1ec3n v\u1ecdng \u0111\u01b0\u1ee3c d\u00f2ng v\u1ed1n ngo\u1ea1i mua v\u00e0o khi th\u1ecb tr\u01b0\u1eddng \u0111\u01b0\u1ee3c n\u00e2ng h\u1ea1ng\u2026 l\u00e0 c\u00e1c c\u1ed5 phi\u1ebfu \u0111\u00e1ng ch\u00fa \u00fd.<\/p>\n\n\n\n

<\/p>","protected":false},"excerpt":{"rendered":"

\u00a0 Trong b\u00e1o c\u00e1o chi\u1ebfn l\u01b0\u1ee3c th\u00e1ng 5, Kh\u1ed1i Ph\u00e2n t\u00edch v\u00e0 \u0110\u1ea7u t\u01b0 – C\u00f4ng ty C\u1ed5 ph\u1ea7n Ch\u1ee9ng […]<\/p>","protected":false},"author":5,"featured_media":79191,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[221],"tags":[],"class_list":["post-78968","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\/78968","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=78968"}],"version-history":[{"count":1,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/78968\/revisions"}],"predecessor-version":[{"id":79192,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/78968\/revisions\/79192"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media\/79191"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media?parent=78968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/categories?post=78968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/tags?post=78968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}