{"id":57424,"date":"2025-12-22T15:35:28","date_gmt":"2025-12-22T08:35:28","guid":{"rendered":"https:\/\/hbbgroup.net\/chung-khoan-viet-nam-tang-manh-nhat-ke-tu-khi-nang-hang\/"},"modified":"2025-12-22T15:35:28","modified_gmt":"2025-12-22T08:35:28","slug":"chung-khoan-viet-nam-tang-manh-nhat-ke-tu-khi-nang-hang","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/chung-khoan-viet-nam-tang-manh-nhat-ke-tu-khi-nang-hang\/","title":{"rendered":"Ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam t\u0103ng m\u1ea1nh nh\u1ea5t k\u1ec3 t\u1eeb khi n\u00e2ng h\u1ea1ng"},"content":{"rendered":"
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Th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam kh\u1edfi \u0111\u1ea7u tu\u1ea7n m\u1edbi \u0111\u1ea7y h\u01b0ng ph\u1ea5n v\u1edbi s\u1eafc xanh bao ph\u1ee7 tr\u00ean h\u1ea7u h\u1ebft c\u00e1c nh\u00f3m ng\u00e0nh quan tr\u1ecdng. VN-Index t\u0103ng g\u1ea7n 47 \u0111i\u1ec3m (+2,74%), \u0111\u00f3ng c\u1eeda cao nh\u1ea5t phi\u00ean tr\u00ean m\u1ed1c 1.750 \u0111i\u1ec3m. \u0110\u00e2y l\u00e0 phi\u00ean t\u0103ng m\u1ea1nh nh\u1ea5t c\u1ee7a ch\u1ec9 s\u1ed1 k\u1ec3 t\u1eeb khi FTSE Russell th\u00f4ng b\u00e1o n\u00e2ng h\u1ea1ng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam (8\/10). <\/p>\n

Ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam t\u0103ng m\u1ea1nh n\u1eb1m trong xu h\u01b0\u1edbng chung c\u1ee7a th\u1ecb tr\u01b0\u1eddng khu v\u1ef1c. \u0110\u00e1ng ch\u00fa \u00fd, m\u1ee9c t\u0103ng 2,74% c\u00f2n \u0111\u01b0a VN-Index tr\u1edf th\u00e0nh ch\u1ec9 s\u1ed1 ch\u1ee9ng kho\u00e1n t\u0103ng m\u1ea1nh nh\u1ea5t Ch\u00e2u \u00c1 ng\u00e0y 22\/12. Sau 2 phi\u00ean t\u0103ng m\u1ea1nh li\u00ean ti\u1ebfp, ch\u1ec9 s\u1ed1 ch\u00ednh c\u1ee7a ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam \u0111\u1ebfn r\u1ea5t g\u1ea7n \u0111\u1ec9nh c\u0169 thi\u1ebft l\u1eadp h\u1ed3i gi\u1eefa th\u00e1ng 10. <\/p>\n

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Trong b\u00e1o c\u00e1o ph\u00e2n t\u00edch m\u1edbi \u0111\u00e2y, MBS cho r\u1eb1ng c\u00e1c y\u1ebfu t\u1ed1 ng\u1eafn h\u1ea1n k\u00ecm h\u00e3m th\u1ecb tr\u01b0\u1eddng trong ng\u1eafn h\u1ea1n \u0111\u00e3 qua \u0111i (nh\u01b0 \u0111\u00e1o h\u1ea1n ph\u00e1i sinh, ETF t\u00e1i c\u01a1 c\u1ea5u danh m\u1ee5c hay t\u1ef7 gi\u00e1 v\u00e0 l\u00e3i su\u1ea5t huy \u0111\u1ed9ng nh\u00edch t\u0103ng theo m\u00f9a v\u1ee5), th\u1ecb tr\u01b0\u1eddng h\u01b0\u1edbng \u0111\u1ebfn nh\u1ecbp t\u0103ng v\u00e0o giai \u0111o\u1ea1n cu\u1ed1i n\u0103m. <\/p>\n

MBS khuy\u1ebfn ngh\u1ecb nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1eadn d\u1ee5ng c\u00e1c nh\u1ecbp rung l\u1eafc tr\u01b0\u1edbc l\u1ec5 Gi\u00e1ng sinh \u0111\u1ec3 t\u00edch l\u0169y c\u1ed5 phi\u1ebfu, T\u1eadp trung v\u00e0o nh\u00f3m B\u00e1n l\u1ebb (nhu c\u1ea7u mua s\u1eafm) v\u00e0 Ng\u00e2n h\u00e0ng (t\u00edn d\u1ee5ng cu\u1ed1i n\u0103m, nh\u01b0ng th\u1eadn tr\u1ecdng v\u1edbi vi\u1ec7c s\u1eed d\u1ee5ng Margin cao qua k\u1ef3 ngh\u1ec9 l\u1ec5 d\u00e0i ng\u00e0y. <\/p>\n

\u0110\u00e1nh gi\u00e1 v\u1ec1 tri\u1ec3n v\u1ecdng n\u0103m 2026, Dragon Capital cho r\u1eb1ng Vi\u1ec7t Nam \u0111ang s\u1edf h\u1eefu n\u1ec1n t\u1ea3ng v\u0129 m\u00f4 t\u01b0\u01a1ng \u0111\u1ed1i thu\u1eadn l\u1ee3i v\u1edbi t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf duy tr\u00ec \u1edf m\u1ee9c cao, l\u1ea1m ph\u00e1t \u0111\u01b0\u1ee3c ki\u1ec3m so\u00e1t v\u00e0 khu v\u1ef1c kinh t\u1ebf t\u01b0 nh\u00e2n ng\u00e0y c\u00e0ng gi\u1eef vai tr\u00f2 n\u1ed5i b\u1eadt h\u01a1n. \u0110\u00e2y l\u00e0 nh\u1eefng y\u1ebfu t\u1ed1 quan tr\u1ecdng t\u1ea1o n\u1ec1n t\u1ea3ng h\u1ed7 tr\u1ee3 cho tri\u1ec3n v\u1ecdng l\u1ee3i nhu\u1eadn c\u1ee7a doanh nghi\u1ec7p ni\u00eam y\u1ebft trong trung v\u00e0 d\u00e0i h\u1ea1n. <\/p>\n

B\u00ean c\u1ea1nh \u0111\u00f3, th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n \u0111\u01b0\u1ee3c k\u1ef3 v\u1ecdng s\u1ebd ti\u1ebfp t\u1ee5c c\u1ea3i thi\u1ec7n v\u1ec1 ch\u1ea5t l\u01b0\u1ee3ng v\u00e0 hi\u1ec7u qu\u1ea3 nh\u1edd c\u00e1c l\u1ef1c \u0111\u1ea9y \u0111\u1ebfn t\u1eeb n\u1ed9i t\u1ea1i n\u1ec1n kinh t\u1ebf, bao g\u1ed3m \u0111\u1ea9y m\u1ea1nh chi ti\u00eau cho h\u1ea1 t\u1ea7ng, d\u00f2ng v\u1ed1n FDI duy tr\u00ec t\u00edch c\u1ef1c v\u00e0 l\u1ef1c l\u01b0\u1ee3ng nh\u00e0 \u0111\u1ea7u t\u01b0 trong n\u01b0\u1edbc ng\u00e0y c\u00e0ng l\u1edbn m\u1ea1nh. <\/p>\n

\u201cCh\u00fang t\u00f4i cho r\u1eb1ng \u0111\u00e2y l\u00e0 th\u1eddi \u0111i\u1ec3m ph\u00f9 h\u1ee3p \u0111\u1ec3 nh\u00e0 \u0111\u1ea7u t\u01b0 duy tr\u00ec s\u1ef1 ki\u00ean \u0111\u1ecbnh, c\u1ee7ng c\u1ed1 c\u00e1c v\u1ecb th\u1ebf \u0111\u1ea7u t\u01b0 h\u1ee3p l\u00fd v\u00e0 h\u01b0\u1edbng t\u1edbi m\u1ee5c ti\u00eau d\u00e0i h\u1ea1n, qua \u0111\u00f3 t\u1ea1o n\u1ec1n t\u1ea3ng cho m\u1ed9t n\u0103m 2026 t\u00edch c\u1ef1c h\u01a1n\u201d<\/i>, Dragon Capital nh\u1eadn \u0111\u1ecbnh <\/p>\n

C\u0169ng c\u00f3 g\u00f3c nh\u00ecn l\u1ea1c quan, \u00f4ng Petri Deryng – ng\u01b0\u1eddi \u0111\u1ee9ng \u0111\u1ea7u Pyn Elite Fund kh\u1eb3ng \u0111\u1ecbnh con s\u1ed1 3.200 \u0111i\u1ec3m m\u00e0 qu\u1ef9 \u0111\u1eb7t m\u1ee5c ti\u00eau cho VN-Index ho\u00e0n to\u00e0n kh\u1ea3 thi trong v\u00f2ng 3 n\u0103m t\u1edbi, d\u1ef1a tr\u00ean m\u1ee9c t\u0103ng tr\u01b0\u1edfng l\u1ee3i nhu\u1eadn doanh nghi\u1ec7p trung b\u00ecnh t\u1eeb 18-20% m\u1ed7i n\u0103m. V\u1edbi \u0111\u00e0 t\u0103ng tr\u01b0\u1edfng n\u00e0y, \u0111\u1ecbnh gi\u00e1 P\/E c\u1ee7a th\u1ecb tr\u01b0\u1eddng v\u00e0o n\u0103m 2028 s\u1ebd \u0111\u1ea1t m\u1ee9c h\u1ee3p l\u00fd l\u00e0 16 (so v\u1edbi m\u1ee9c \u0111\u1ecbnh gi\u00e1 r\u1ebb hi\u1ec7n t\u1ea1i). <\/p>\n

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Theo qu\u1ef9 ngo\u1ea1i n\u00e0y, \u0111\u1ed9ng l\u1ef1c l\u1edbn nh\u1ea5t cho b\u01b0\u1edbc nh\u1ea3y v\u1ecdt m\u1edbi c\u1ee7a th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam \u0111\u1ebfn t\u1eeb n\u1ec1n t\u1ea3ng v\u0129 m\u00f4. M\u1ee5c ti\u00eau \u0103ng tr\u01b0\u1edfng GDP tr\u00ean 10%\/n\u0103m trong 10\u201315 n\u0103m t\u1edbi s\u1ebd c\u00f3 th\u1ec3 \u0111\u01b0a quy m\u00f4 n\u1ec1n kinh t\u1ebf v\u00e0 m\u1ee9c s\u1ed1ng ng\u01b0\u1eddi d\u00e2n l\u00ean m\u1ed9t m\u1eb7t b\u1eb1ng cao h\u01a1n. Qu\u1ef9 cho r\u1eb1ng \u0111\u1ecbnh h\u01b0\u1edbng n\u00e0y kh\u00f4ng ch\u1ec9 th\u1ec3 hi\u1ec7n qua ph\u00e1t ng\u00f4n ch\u00ednh s\u00e1ch, m\u00e0 \u0111\u00e3 \u0111\u01b0\u1ee3c c\u1ee5 th\u1ec3 h\u00f3a b\u1eb1ng c\u00e1c c\u1ea3i c\u00e1ch h\u00e0nh ch\u00ednh m\u1ea1nh m\u1ebd, gi\u1ea3i ph\u00f3ng ngu\u1ed3n l\u1ef1c kh\u1ed5ng l\u1ed3 cho n\u1ec1n kinh t\u1ebf. <\/p>\n

Qu\u1ef9 \u0111\u00e1nh gi\u00e1 th\u00eam, d\u01b0 \u0111\u1ecba t\u00e0i kh\u00f3a c\u1ee7a Vi\u1ec7t Nam v\u1eabn c\u00f2n l\u1edbn, t\u1ef7 l\u1ec7 n\u1ee3 c\u00f4ng c\u00f3 th\u1ec3 t\u0103ng l\u00ean 45%. Ngu\u1ed3n l\u1ef1c n\u00e0y \u0111ang \u0111\u01b0\u1ee3c \u0111\u1ecbnh h\u01b0\u1edbng v\u00e0o h\u00e0ng lo\u1ea1t si\u00eau d\u1ef1 \u00e1n h\u1ea1 t\u1ea7ng, n\u1ed5i b\u1eadt l\u00e0 \u0111\u01b0\u1eddng s\u1eaft cao t\u1ed1c B\u1eafc \u2013 Nam, c\u00f9ng c\u00e1c d\u1ef1 \u00e1n giao th\u00f4ng, n\u0103ng l\u01b0\u1ee3ng quy m\u00f4 l\u1edbn. Theo PYN, \u0111\u1ea7u t\u01b0 c\u00f4ng kh\u00f4ng ch\u1ec9 t\u1ea1o l\u1ef1c \u0111\u1ee1 cho t\u0103ng tr\u01b0\u1edfng ng\u1eafn h\u1ea1n, m\u00e0 c\u00f2n k\u00e9o theo \u0111\u1ea7u t\u01b0 t\u01b0 nh\u00e2n v\u00e0 t\u0103ng tr\u01b0\u1edfng l\u1ee3i nhu\u1eadn doanh nghi\u1ec7p. <\/p>\n

S\u1ef1 l\u1ea1c quan c\u1ee7a PYN Elite c\u00f2n \u0111\u1ebfn t\u1eeb nh\u1eefng b\u01b0\u1edbc ti\u1ebfn trong vi\u1ec7c hi\u1ec7n \u0111\u1ea1i h\u00f3a th\u1ecb tr\u01b0\u1eddng v\u1ed1n. Vi\u1ec7c FTSE n\u00e2ng h\u1ea1ng Vi\u1ec7t Nam l\u00ean Th\u1ecb tr\u01b0\u1eddng M\u1edbi n\u1ed5i th\u1ee9 c\u1ea5p v\u00e0o th\u00e1ng 10 v\u1eeba qua l\u00e0 minh ch\u1ee9ng r\u00f5 nh\u1ea5t. Qu\u1ef9 ngo\u1ea1i n\u00e0y c\u0169ng tin r\u1eb1ng MSCI s\u1ebd s\u1edbm c\u00f3 \u0111\u1ed9ng th\u00e1i t\u01b0\u01a1ng t\u1ef1 sau khi c\u00e1c c\u1ea3i c\u00e1ch nh\u01b0 h\u1ec7 th\u1ed1ng giao d\u1ecbch m\u1edbi, b\u1ecf y\u00eau c\u1ea7u k\u00fd qu\u1ef9 tr\u01b0\u1edbc (prefunding) v\u00e0 tri\u1ec3n khai m\u00f4 h\u00ecnh b\u00f9 tr\u1eeb trung t\u00e2m (CCP) \u0111\u01b0\u1ee3c ho\u00e0n thi\u1ec7n. <\/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 h\u01b0ng ph\u1ea5n v\u1edbi s\u1eafc xanh bao ph\u1ee7 tr\u00ean h\u1ea7u […]<\/p>","protected":false},"author":5,"featured_media":57428,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[221],"tags":[],"class_list":["post-57424","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\/57424","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=57424"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/57424\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media\/57428"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media?parent=57424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/categories?post=57424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/tags?post=57424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}