{"id":50410,"date":"2025-10-03T09:51:05","date_gmt":"2025-10-03T02:51:05","guid":{"rendered":"https:\/\/hbbgroup.net\/thuong-vu-lon-nhat-lich-su-chung-khoan-viet-nam-se-bat-dau-sau-vai-ngay-nua\/"},"modified":"2025-10-03T09:51:05","modified_gmt":"2025-10-03T02:51:05","slug":"thuong-vu-lon-nhat-lich-su-chung-khoan-viet-nam-se-bat-dau-sau-vai-ngay-nua","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/thuong-vu-lon-nhat-lich-su-chung-khoan-viet-nam-se-bat-dau-sau-vai-ngay-nua\/","title":{"rendered":"Th\u01b0\u01a1ng v\u1ee5 l\u1edbn nh\u1ea5t l\u1ecbch s\u1eed ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam s\u1ebd b\u1eaft \u0111\u1ea7u sau v\u00e0i ng\u00e0y n\u1eefa"},"content":{"rendered":"
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Ng\u00e0y 1\/10, sau khi \u0111\u01b0\u1ee3c \u1ee6y ban Ch\u1ee9ng kho\u00e1n Nh\u00e0 n\u01b0\u1edbc c\u1ea5p Gi\u1ea5y ch\u1ee9ng nh\u1eadn ch\u00e0o b\u00e1n c\u1ed5 phi\u1ebfu ra c\u00f4ng ch\u00fang, CTCP Ch\u1ee9ng kho\u00e1n VPBank (VPBankS) \u0111\u00e3 c\u00f4ng b\u1ed1 Th\u00f4ng b\u00e1o ch\u00e0o b\u00e1n c\u1ed5 phi\u1ebfu ra c\u00f4ng ch\u00fang v\u1edbi m\u1ee9c gi\u00e1 33.900 \u0111\u1ed3ng\/c\u1ed5 phi\u1ebfu <\/b> v\u00e0 s\u1ed1 l\u01b0\u1ee3ng l\u00e0 375 tri\u1ec7u \u0111\u01a1n v\u1ecb. <\/p>\n

T\u1ed5ng gi\u00e1 tr\u1ecb v\u1ed1n huy \u0111\u1ed9ng d\u1ef1 ki\u1ebfn \u0111\u1ea1t g\u1ea7n 12.713 t\u1ef7 \u0111\u1ed3ng \u2013 tr\u1edf th\u00e0nh th\u01b0\u01a1ng v\u1ee5 ch\u00e0o b\u00e1n l\u1ea7n \u0111\u1ea7u ra c\u00f4ng ch\u00fang (IPO) l\u1edbn nh\u1ea5t trong l\u1ecbch s\u1eed ng\u00e0nh ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam <\/b> , t\u1ea1o ti\u1ec1n \u0111\u1ec1 \u0111\u1ec3 c\u00f4ng ty m\u1edf r\u1ed9ng d\u01b0 d\u1ecba cho vay margin, th\u00fac \u0111\u1ea9y ho\u1ea1t \u0111\u1ed9ng kinh doanh. \u1ede m\u1ee9c gi\u00e1 ch\u00e0o b\u00e1n n\u00e0y, VPBankS \u0111\u01b0\u1ee3c \u0111\u1ecbnh gi\u00e1 kho\u1ea3ng 63.562 t\u1ef7 \u0111\u1ed3ng (h\u01a1n 2,4 t\u1ef7 USD) sau IPO. <\/p>\n

Th\u1eddi gian nh\u1eadn \u0111\u0103ng k\u00fd mua l\u00e0 t\u1eeb 8h00 ng\u00e0y 10\/10 \u0111\u1ebfn 16h00 ng\u00e0y 31\/10\/2025. M\u1ed7i nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u01b0\u1ee3c \u0111\u0103ng k\u00fd mua t\u1ed1i thi\u1ec3u 100 c\u1ed5 phi\u1ebfu v\u00e0 t\u1ed1i \u0111a kh\u00f4ng qu\u00e1 93,75 tri\u1ec7u c\u1ed5 phi\u1ebfu (t\u01b0\u01a1ng \u0111\u01b0\u01a1ng 5% v\u1ed1n \u0111i\u1ec1u l\u1ec7 sau ph\u00e1t h\u00e0nh), b\u01b0\u1edbc kh\u1ed1i l\u01b0\u1ee3ng l\u00e0 100 c\u1ed5 phi\u1ebfu. S\u1ed1 ti\u1ec1n \u0111\u1eb7t c\u1ecdc b\u1eb1ng 10% t\u1ed5ng gi\u00e1 tr\u1ecb \u0111\u0103ng k\u00fd mua. K\u1ebft qu\u1ea3 \u0111\u0103ng k\u00fd v\u00e0 ph\u00e2n b\u1ed5 c\u1ed5 phi\u1ebfu s\u1ebd \u0111\u01b0\u1ee3c c\u00f4ng b\u1ed1 t\u1eeb ng\u00e0y 1\/11 \u0111\u1ebfn 2\/11, trong khi th\u1eddi gian nh\u1eadn ti\u1ec1n mua c\u1ed5 phi\u1ebfu t\u1eeb ng\u00e0y 3\/11 \u0111\u1ebfn 7\/11\/2025. <\/p>\n

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\"Th\u01b0\u01a1ng <\/p>

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CTCP Ch\u1ee9ng kho\u00e1n VPBank (VPBankS) s\u1ebd nh\u1eadn \u0111\u0103ng k\u00fd mua c\u1ed5 phi\u1ebfu IPO t\u1eeb ng\u00e0y 10\/10 \u0111\u1ebfn 31\/10.<\/p>\n<\/figcaption><\/figure>\n

C\u1ed5 phi\u1ebfu c\u1ee7a VPBankS s\u1ebd \u0111\u01b0\u1ee3c c\u00f4ng ty t\u1ef1 ph\u00e2n ph\u1ed1i c\u0169ng nh\u01b0 th\u00f4ng qua 3 \u0111\u1ea1i l\u00fd l\u00e0 Ch\u1ee9ng kho\u00e1n Vietcap, Ch\u1ee9ng kh\u00f3a SSI v\u00e0 Ch\u1ee9ng kho\u00e1n S\u00e0i G\u00f2n \u2013 H\u00e0 N\u1ed9i (SHS). Th\u00f4ng b\u00e1o h\u01b0\u1edbng d\u1eabn \u0111\u0103ng k\u00fd mua c\u1ed5 phi\u1ebfu s\u1ebd \u0111\u01b0\u1ee3c c\u00f4ng b\u1ed1 t\u1ea1i website c\u1ee7a c\u1ea3 4 \u0111\u01a1n v\u1ecb tr\u00ean. <\/p>\n

T\u1ea1i m\u1ee9c gi\u00e1 ch\u00e0o b\u00e1n 33.900 \u0111\u1ed3ng\/cp v\u00e0 k\u1ebf ho\u1ea1ch l\u1ee3i nhu\u1eadn c\u1ea3 n\u0103m 2025, t\u1ef7 l\u1ec7 P\/E (gi\u00e1 tr\u00ean l\u1ee3i nhu\u1eadn r\u00f2ng) c\u1ee7a VPBankS \u1edf m\u1ee9c 14,3 l\u1ea7n, trong khi P\/B (gi\u00e1 tr\u00ean gi\u00e1 tr\u1ecb s\u1ed5 s\u00e1ch) t\u00ednh \u0111\u1ebfn cu\u1ed1i qu\u00fd III\/2025 \u01b0\u1edbc \u0111\u1ea1t 2,5 l\u1ea7n \u2013 c\u1ea3 hai \u0111\u1ec1u th\u1ea5p h\u01a1n so v\u1edbi m\u1eb7t b\u1eb1ng chung c\u1ee7a th\u1ecb tr\u01b0\u1eddng. <\/p>\n

Theo \u01b0\u1edbc t\u00ednh, P\/E d\u1ef1 ph\u00f3ng n\u0103m 2025 c\u1ee7a VPBankS l\u00e0 h\u01a1n 14 l\u1ea7n, th\u1ea5p h\u01a1n m\u1eb7t b\u1eb1ng chung th\u1ecb tr\u01b0\u1eddng, m\u1edf ra c\u01a1 h\u1ed9i \u0111\u1eb7c bi\u1ec7t h\u1ea5p d\u1eabn cho nh\u00e0 \u0111\u1ea7u t\u01b0. M\u1ee9c \u0111\u1ecbnh gi\u00e1 th\u1ea5p n\u00e0y c\u0169ng t\u1ea1o d\u01b0 \u0111\u1ecba t\u0103ng gi\u00e1 \u0111\u00e1ng k\u1ec3 khi c\u1ed5 phi\u1ebfu ch\u00ednh th\u1ee9c ni\u00eam y\u1ebft. <\/p>\n

V\u1ec1 kinh doanh, VPBankS c\u00f3 t\u1ef7 l\u1ec7 chi ph\u00ed tr\u00ean thu nh\u1eadp (CIR) \u0111\u1ea1t 28,9% v\u00e0o cu\u1ed1i qu\u00fd II\/2025, so v\u1edbi trung b\u00ecnh ng\u00e0nh ch\u1ee9ng kho\u00e1n t\u1eeb 35 \u2013 50%. <\/p>\n

K\u1ebf ho\u1ea1ch giai \u0111o\u1ea1n 2026 – 2030 \u0111\u1eb7t ra m\u1ee5c ti\u00eau l\u1ee3i nhu\u1eadn v\u00e0 doanh thu t\u0103ng tr\u01b0\u1edfng k\u00e9p kho\u1ea3ng 32%\/n\u0103m, c\u00e1n m\u1ed1c l\u1ea7n l\u01b0\u1ee3t 29.051 v\u00e0 17.520 t\u1ef7 \u0111\u1ed3ng v\u00e0o n\u0103m 2030; c\u00e1c ch\u1ec9 s\u1ed1 sinh l\u1eddi duy tr\u00ec \u1edf m\u1ee9c v\u01b0\u1ee3t tr\u1ed9i b\u00ecnh qu\u00e2n ng\u00e0nh ch\u1ee9ng kho\u00e1n hi\u1ec7n nay, v\u1edbi ROE v\u00e0 ROA l\u1ea7n l\u01b0\u1ee3t \u0111\u1ea1t 19% v\u00e0 6,5%. <\/p>\n

\u0110\u1ed3ng th\u1eddi, th\u1ecb ph\u1ea7n m\u00f4i gi\u1edbi ch\u1ee9ng kho\u00e1n \u0111\u1ea1t 10%, ph\u00e1i sinh l\u00e0 20%, chi\u1ebfm 18,5% th\u1ecb ph\u1ea7n ph\u00e1t h\u00e0nh tr\u00e1i phi\u1ebfu doanh nghi\u1ec7p phi ng\u00e2n h\u00e0ng v\u00e0 15% th\u1ecb ph\u1ea7n cho vay k\u00fd qu\u1ef9 (margin). Qua \u0111\u00f3, k\u1ef3 v\u1ecdng \u0111\u1ea1t v\u1ecb tr\u00ed top 1 v\u1ec1 cho vay margin, top 2 th\u1ecb ph\u1ea7n tr\u00ean HoSE c\u0169ng nh\u01b0 top 2 th\u1ecb tr\u01b0\u1eddng v\u1ed1n n\u1ee3 v\u00e0 v\u1ed1n c\u1ed5 ph\u1ea7n v\u00e0o n\u0103m 2030\u2026 <\/p>\n

VPBankS b\u01b0\u1edbc v\u00e0o ch\u1eb7ng \u0111\u01b0\u1eddng IPO v\u1edbi l\u1ee3i th\u1ebf \u0111\u1eb7c bi\u1ec7t khi th\u1eeba h\u01b0\u1edfng kinh nghi\u1ec7m d\u00e0y d\u1ea1n t\u1eeb ng\u00e2n h\u00e0ng m\u1eb9. VPBank l\u00e0 m\u1ed9t trong s\u1ed1 \u00edt \u0111\u01a1n v\u1ecb th\u1ef1c hi\u1ec7n th\u00e0nh c\u00f4ng hai th\u01b0\u01a1ng v\u1ee5 t\u1ef7 USD t\u1ea1i Vi\u1ec7t Nam: B\u00e1n 49% c\u1ed5 ph\u1ea7n c\u00f4ng ty t\u00edn d\u1ee5ng ti\u00eau d\u00f9ng FE CREDIT cho \u0111\u1ed1i t\u00e1c ngo\u1ea1i SMBCCF v\u00e0 ph\u00e1t h\u00e0nh 15% c\u1ed5 ph\u1ea7n VPBank cho SMBC. <\/p>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

Ng\u00e0y 1\/10, sau khi \u0111\u01b0\u1ee3c \u1ee6y ban Ch\u1ee9ng kho\u00e1n Nh\u00e0 n\u01b0\u1edbc c\u1ea5p Gi\u1ea5y ch\u1ee9ng nh\u1eadn ch\u00e0o b\u00e1n c\u1ed5 phi\u1ebfu ra […]<\/p>","protected":false},"author":5,"featured_media":50411,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[221],"tags":[],"class_list":["post-50410","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chung-khoan"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/50410","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/comments?post=50410"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/50410\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media\/50411"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media?parent=50410"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/categories?post=50410"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/tags?post=50410"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}