{"id":52224,"date":"2025-10-20T16:07:21","date_gmt":"2025-10-20T09:07:21","guid":{"rendered":"https:\/\/hbbgroup.net\/buon-cua-chung-khoan-viet-nam-vn-index-giam-ky-luc-vn30-lan-dau-mat-hon-tram-diem-trong-mot-phien\/"},"modified":"2025-10-20T16:07:21","modified_gmt":"2025-10-20T09:07:21","slug":"buon-cua-chung-khoan-viet-nam-vn-index-giam-ky-luc-vn30-lan-dau-mat-hon-tram-diem-trong-mot-phien","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/buon-cua-chung-khoan-viet-nam-vn-index-giam-ky-luc-vn30-lan-dau-mat-hon-tram-diem-trong-mot-phien\/","title":{"rendered":"Bu\u1ed3n c\u1ee7a ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam: VN-Index gi\u1ea3m k\u1ef7 l\u1ee5c, VN30 l\u1ea7n \u0111\u1ea7u m\u1ea5t h\u01a1n tr\u0103m \u0111i\u1ec3m trong m\u1ed9t phi\u00ean"},"content":{"rendered":"
<\/figcaption>

Th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam kh\u1edfi \u0111\u1ea7u tu\u1ea7n m\u1edbi \u0111\u1ea7y s\u00f3ng gi\u00f3. \u00c1p l\u1ef1c b\u00e1n chi\u1ebfm \u01b0u th\u1ebf trong ph\u1ea7n l\u1edbn th\u1eddi gian tr\u01b0\u1edbc khi \u00e1p \u0111\u1ea3o ho\u00e0n to\u00e0n v\u1ec1 cu\u1ed1i phi\u00ean. VN-Index \u0111\u00f3ng c\u1eeda gi\u1ea3m g\u1ea7n 95 \u0111i\u1ec3m (-5,47%) qua \u0111\u00f3 l\u00f9i xu\u1ed1ng m\u1ee9c 1.636,43 \u0111i\u1ec3m. X\u00e9t v\u1ec1 s\u1ed1 tuy\u1ec7t \u0111\u1ed1i, \u0111\u00e2y l\u00e0 m\u1ee9c gi\u1ea3m k\u1ef7 l\u1ee5c trong 25 n\u0103m l\u1ecbch s\u1eed c\u1ee7a ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam. <\/p>\n

V\u1ec1 \u0111\u1ed9 r\u1ed9ng th\u1ecb tr\u01b0\u1eddng, s\u1eafc \u0111\u1ecf bao tr\u00f9m c\u1ea3 3 s\u00e0n v\u1edbi h\u01a1n 650 m\u00e3 gi\u1ea3m \u0111i\u1ec3m trong \u0111\u00f3 c\u00f3 h\u01a1n tr\u0103m m\u00e3 gi\u1ea3m s\u00e0n. \u0110\u00e1ng ch\u00fa \u00fd, to\u00e0n b\u1ed9 c\u1ed5 phi\u1ebfu trong nh\u00f3m VN30 \u0111\u1ec1u gi\u1ea3m v\u1edbi 13 m\u00e3 k\u1ecbch s\u00e0n. Ch\u1ec9 s\u1ed1 VN30 c\u0169ng theo \u0111\u00f3 c\u00f3 l\u1ea7n \u0111\u1ea7u ti\u00ean trong l\u1ecbch s\u1eed gi\u1ea3m tr\u00ean 100 \u0111i\u1ec3m, qua \u0111\u00f3 l\u00f9i v\u1ec1 m\u1ed1c 1.870 \u0111i\u1ec3m. <\/p>\n

Nh\u01b0 v\u1eady, VN-Index \u0111\u00e3 gi\u1ea3m m\u1ea1nh 2 phi\u00ean li\u00ean ti\u1ebfp v\u1edbi t\u1ed5ng c\u1ed9ng 130 \u0111i\u1ec3m t\u1eeb v\u00f9ng \u0111\u1ec9nh. C\u00fa r\u01a1i th\u1ed5i bay to\u00e0n b\u1ed9 th\u00e0nh qu\u1ea3 t\u0103ng gi\u00e1 t\u1eeb \u0111\u1ea7u th\u00e1ng 10. \u00c1p l\u1ef1c ch\u1ed1t l\u1eddi ng\u1eafn h\u1ea1n c\u00f3 l\u1ebd l\u00e0 m\u1ed9t trong nh\u1eefng nguy\u00ean nh\u00e2n khi\u1ebfn th\u1ecb tr\u01b0\u1eddng gi\u1ea3m m\u1ea1nh. B\u00ean c\u1ea1nh \u0111\u00f3, kh\u1ed1i ngo\u1ea1i c\u0169ng ti\u1ebfp t\u1ee5c b\u00e1n r\u00f2ng kho\u1ea3ng 2.000 t\u1ef7 g\u00e2y th\u00eam \u00e1p l\u1ef1c l\u00ean th\u1ecb tr\u01b0\u1eddng. <\/p>\n

\n

\"Bu\u1ed3n <\/p>

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

T\u1ea1i s\u1ef1 ki\u1ec7n Investor Day m\u1edbi \u0111\u00e2y, \u00f4ng L\u00ea Anh Tu\u1ea5n, T\u1ed5ng Gi\u00e1m \u0111\u1ed1c Dragon Capital, cho r\u1eb1ng nh\u1eefng bi\u1ebfn \u0111\u1ed9ng ng\u1eafn h\u1ea1n, d\u00f9 t\u0103ng hay gi\u1ea3m l\u00e0 \u0111i\u1ec1u ho\u00e0n to\u00e0n b\u00ecnh th\u01b0\u1eddng, gi\u1ed1ng nh\u01b0 \u201c\u1ed5 g\u00e0, \u1ed5 tr\u00e2u\u201d tr\u00ean h\u00e0nh tr\u00ecnh d\u00e0i c\u1ee7a th\u1ecb tr\u01b0\u1eddng. <\/p>\n

\u201cBi\u1ebfn \u0111\u1ed9ng trong chu k\u1ef3 t\u0103ng l\u00e0 \u0111i\u1ec1u kh\u00f3 tr\u00e1nh kh\u1ecfi. Vi\u1ec7c th\u1ecb tr\u01b0\u1eddng t\u0103ng hay gi\u1ea3m 5-10% l\u00e0 ho\u00e0n to\u00e0n b\u00ecnh th\u01b0\u1eddng. \u0110\u1eebng ng\u1ea1c nhi\u00ean, th\u1eafc m\u1eafc hay s\u1ee3 h\u00e3i khi th\u1ecb tr\u01b0\u1eddng c\u00f3 nh\u1eefng \u0111\u1ee3t chi\u1ebft kh\u1ea5u nh\u01b0 v\u1eady. Khi hi\u1ec3u \u0111\u00fang b\u1ea3n ch\u1ea5t, nh\u1eefng nh\u1ecbp \u0111i\u1ec1u ch\u1ec9nh \u0111\u00f3 l\u1ea1i ch\u00ednh l\u00e0 c\u01a1 h\u1ed9i\u201d, <\/i> \u00f4ng Tu\u1ea5n chia s\u1ebb. <\/p>\n

Theo l\u00e3nh \u0111\u1ea1o Dragon Capital, \u0111i\u1ec1u quan tr\u1ecdng l\u00e0 xu h\u01b0\u1edbng v\u00e0 n\u1ed9i l\u1ef1c d\u00e0i h\u1ea1n c\u1ee7a th\u1ecb tr\u01b0\u1eddng \u0111ang \u0111\u01b0\u1ee3c c\u1ee7ng c\u1ed1 m\u1ea1nh m\u1ebd. Theo \u0111\u00f3, Vi\u1ec7t Nam \u0111ang h\u01b0\u1edbng t\u1edbi vi\u1ec7c \u0111\u01b0\u1ee3c n\u00e2ng h\u1ea1ng l\u00ean nh\u00f3m MSCI Emerging Markets v\u00e0 FTSE Advanced Emerging trong 3-5 n\u0103m t\u1edbi \u2013 m\u1ed9t b\u01b0\u1edbc ti\u1ebfn c\u00f3 th\u1ec3 m\u1edf ra chu k\u1ef3 t\u0103ng tr\u01b0\u1edfng m\u1edbi cho th\u1ecb tr\u01b0\u1eddng. <\/p>\n

T\u01b0\u01a1ng t\u1ef1, J.P. Morgan cho r\u1eb1ng quy\u1ebft \u0111\u1ecbnh n\u00e2ng h\u1ea1ng s\u1ebd m\u1edf ra l\u00e0n s\u00f3ng d\u00f2ng v\u1ed1n th\u1ee5 \u0111\u1ed9ng \u0111\u00e1ng k\u1ec3 v\u00e0o Vi\u1ec7t Nam. Theo \u01b0\u1edbc t\u00ednh c\u1ee7a t\u1ed5 ch\u1ee9c n\u00e0y, c\u00e1c qu\u1ef9 ch\u1ec9 s\u1ed1 to\u00e0n c\u1ea7u c\u00f3 th\u1ec3 r\u00f3t kho\u1ea3ng 1,3 t\u1ef7 USD v\u00e0o th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam, t\u01b0\u01a1ng \u0111\u01b0\u01a1ng t\u1ef7 tr\u1ecdng 0,34% trong r\u1ed5 FTSE Emerging Market All Cap Index. D\u1ef1a tr\u00ean quy m\u00f4 v\u1ed1n h\u00f3a hi\u1ec7n t\u1ea1i, kho\u1ea3ng 22 c\u1ed5 phi\u1ebfu Vi\u1ec7t Nam c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c th\u00eam v\u00e0o danh m\u1ee5c ch\u1ec9 s\u1ed1 n\u00e0y. <\/p>\n

Tr\u00ean c\u01a1 s\u1edf \u0111\u00f3, J.P. Morgan n\u00e2ng m\u1ee5c ti\u00eau VN-Index trong 12 th\u00e1ng t\u1edbi l\u00ean m\u1ee9c 2.000 \u0111i\u1ec3m cho k\u1ecbch b\u1ea3n c\u01a1 s\u1edf v\u00e0 2.200 \u0111i\u1ec3m cho k\u1ecbch b\u1ea3n l\u1ea1c quan, t\u01b0\u01a1ng \u0111\u01b0\u01a1ng m\u1ee9c t\u0103ng 20 \u2013 30% so v\u1edbi m\u1eb7t b\u1eb1ng hi\u1ec7n t\u1ea1i. N\u1ec1n t\u1ea3ng v\u0129 m\u00f4 v\u1eefng ch\u1eafc v\u00e0 t\u0103ng tr\u01b0\u1edfng l\u1ee3i nhu\u1eadn doanh nghi\u1ec7p l\u00e0 hai y\u1ebfu t\u1ed1 then ch\u1ed1t h\u1ed7 tr\u1ee3 cho xu h\u01b0\u1edbng t\u00edch c\u1ef1c c\u1ee7a th\u1ecb tr\u01b0\u1eddng. <\/p>\n

\n

\"Bu\u1ed3n <\/p>

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

J.P. Morgan cho r\u1eb1ng m\u1ee9c \u0111\u1ecbnh gi\u00e1 hi\u1ec7n t\u1ea1i c\u1ee7a VN-Index v\u1eabn \u1edf v\u00f9ng h\u1ee3p l\u00fd. Ch\u1ec9 s\u1ed1 \u0111\u01b0\u1ee3c d\u1ef1 b\u00e1o giao d\u1ecbch v\u1edbi P\/E d\u1ef1 ph\u00f3ng 15 \u2013 16,5 l\u1ea7n trong 12 th\u00e1ng t\u1edbi, cao h\u01a1n trung b\u00ecnh ASEAN nh\u01b0ng v\u1eabn th\u1ea5p h\u01a1n hai giai \u0111o\u1ea1n \u0111\u1ec9nh l\u1ecbch s\u1eed n\u0103m 2018 v\u00e0 2021. \u0110i\u1ec1u n\u00e0y ph\u1ea3n \u00e1nh k\u1ef3 v\u1ecdng t\u0103ng tr\u01b0\u1edfng d\u00e0i h\u1ea1n c\u1ee7a n\u1ec1n kinh t\u1ebf v\u00e0 n\u0103ng l\u1ef1c sinh l\u1eddi ng\u00e0y c\u00e0ng c\u1ea3i thi\u1ec7n c\u1ee7a doanh nghi\u1ec7p Vi\u1ec7t Nam. <\/p>\n

\u201cN\u1ebfu qu\u00e1 tr\u00ecnh n\u00e2ng h\u1ea1ng theo ti\u00eau chu\u1ea9n MSCI di\u1ec5n ra thu\u1eadn l\u1ee3i, th\u1ecb tr\u01b0\u1eddng c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c h\u01b0\u1edfng th\u00eam kho\u1ea3ng 10% m\u1ee9c t\u0103ng t\u1eeb vi\u1ec7c \u0111\u1ecbnh gi\u00e1 l\u1ea1i h\u1ec7 s\u1ed1 P\/E\u201d <\/i> , b\u00e1o c\u00e1o c\u1ee7a J.P. Morgan n\u00eau. <\/p>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

Th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam kh\u1edfi \u0111\u1ea7u tu\u1ea7n m\u1edbi \u0111\u1ea7y s\u00f3ng gi\u00f3. \u00c1p l\u1ef1c b\u00e1n chi\u1ebfm \u01b0u th\u1ebf trong […]<\/p>","protected":false},"author":5,"featured_media":52226,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[221],"tags":[],"class_list":["post-52224","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\/52224","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=52224"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/52224\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media\/52226"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media?parent=52224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/categories?post=52224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/tags?post=52224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}