{"id":68878,"date":"2026-04-07T09:06:20","date_gmt":"2026-04-07T02:06:20","guid":{"rendered":"https:\/\/hbbgroup.net\/luat-do-thi-dac-biet-linh-hoat-quy-hoach-de-tp-hcm-tu-may-ao-phat-trien-2\/"},"modified":"2026-04-07T10:07:25","modified_gmt":"2026-04-07T03:07:25","slug":"co-phieu-ngan-hang-nao-thoat-lua-trung-dong","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/co-phieu-ngan-hang-nao-thoat-lua-trung-dong\/","title":{"rendered":"C\u1ed5 phi\u1ebfu ng\u00e2n h\u00e0ng n\u00e0o \u201ctho\u00e1t l\u1eeda\u201d Trung \u0110\u00f4ng?"},"content":{"rendered":"
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Chi\u1ebfn s\u1ef1 Trung \u0110\u00f4ng leo thang trong th\u00e1ng 3 \u0111\u00e3 \u201cph\u1ea3 nhi\u1ec7t\u201d l\u00ean th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam. T\u00e1c \u0111\u1ed9ng kh\u00f3 l\u01b0\u1eddng khi\u1ebfn d\u00f2ng ti\u1ec1n tr\u1edf n\u00ean th\u1eadn tr\u1ecdng h\u01a1n, k\u00e9o theo \u00e1p l\u1ef1c \u0111i\u1ec1u ch\u1ec9nh \u1edf nhi\u1ec1u nh\u00f3m c\u1ed5 phi\u1ebfu, trong \u0111\u00f3 c\u00f3 c\u1ea3 nh\u00f3m ng\u00e2n h\u00e0ng, v\u1ed1n \u0111\u01b0\u1ee3c xem l\u00e0 tr\u1ee5 \u0111\u1ee1 c\u1ee7a th\u1ecb tr\u01b0\u1eddng<\/strong><\/p>\n<\/div>\n\n\n

Di\u1ec5n bi\u1ebfn ch\u1ec9 s\u1ed1 ng\u00e2n h\u00e0ng v\u00e0\u00a0<\/strong>VN-Index<\/a>\u00a0t\u1eeb \u0111\u1ea7u n\u0103m 2025 \u0111\u1ebfn \u0111\u1ea7u th\u00e1ng 4\/2026<\/strong><\/p>\n\n\n\n

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Kh\u00e9p l\u1ea1i th\u00e1ng 3 \u0111\u1ea7y bi\u1ebfn \u0111\u1ed9ng, VN-Index d\u1eebng \u1edf m\u1ee9c 1,674.49 \u0111i\u1ec3m, gi\u1ea3m g\u1ea7n 206 \u0111i\u1ec3m ch\u1ec9 trong m\u1ed9t th\u00e1ng, t\u01b0\u01a1ng \u1ee9ng m\u1ee9c s\u1ee5t gi\u1ea3m kho\u1ea3ng 11%. Trong khi \u0111\u00f3, ch\u1ec9 s\u1ed1 ng\u00e0nh ng\u00e2n h\u00e0ng c\u0169ng m\u1ea5t h\u01a1n 9%, l\u00f9i v\u1ec1 956.82 \u0111i\u1ec3m t\u00ednh \u0111\u1ebfn ng\u00e0y 31\/3, cho th\u1ea5y nh\u00f3m n\u00e0y v\u1eabn ch\u1ecbu \u1ea3nh h\u01b0\u1edfng \u0111\u00e1ng k\u1ec3 t\u1eeb b\u1ed1i c\u1ea3nh chung c\u1ee7a th\u1ecb tr\u01b0\u1eddng.<\/p>\n\n\n\n

\u201cL\u1eeda\u201d Trung \u0110\u00f4ng \u201cthi\u00eau r\u1ee5i\u201d h\u01a1n 250 ng\u00e0n t\u1ef7 v\u1ed1n h\u00f3a<\/strong><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

B\u1ea5t \u1ed5n \u0111\u1ecba ch\u00ednh tr\u1ecb gia t\u0103ng l\u00e0m d\u1ea5y l\u00ean lo ng\u1ea1i v\u1ec1 \u00e1p l\u1ef1c l\u1ea1m ph\u00e1t quay tr\u1edf l\u1ea1i, qua \u0111\u00f3 \u0111\u1ea9y chi ph\u00ed v\u1ed1n l\u00ean cao. Di\u1ec5n bi\u1ebfn n\u00e0y khi\u1ebfn s\u1ee9c h\u1ea5p d\u1eabn c\u1ee7a c\u00e1c t\u00e0i s\u1ea3n r\u1ee7i ro suy gi\u1ea3m, \u0111\u1ed3ng th\u1eddi gia t\u0103ng \u00e1p l\u1ef1c l\u00ean th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n. Trong b\u1ed1i c\u1ea3nh n\u00e0y, v\u1ed1n h\u00f3a to\u00e0n ng\u00e0nh ng\u00e2n h\u00e0ng \u0111\u00e3 \u201cb\u1ed1c h\u01a1i\u201d g\u1ea7n 259,000 t\u1ef7 \u0111\u1ed3ng so v\u1edbi cu\u1ed1i th\u00e1ng 2, t\u01b0\u01a1ng \u1ee9ng m\u1ee9c gi\u1ea3m kho\u1ea3ng 9%.<\/p>\n\n\n\n

Di\u1ec5n bi\u1ebfn ti\u00eau c\u1ef1c lan r\u1ed9ng khi h\u01a1n 85% m\u00e3 ng\u00e2n h\u00e0ng gi\u1ea3m gi\u00e1, k\u00e9o m\u1eb7t b\u1eb1ng v\u1ed1n h\u00f3a \u0111i xu\u1ed1ng. \u0110\u00e1ng ch\u00fa \u00fd, BID<\/a> l\u00e0 c\u1ed5 phi\u1ebfu gi\u1ea3m m\u1ea1nh nh\u1ea5t v\u1edbi m\u1ee9c s\u1ee5t 18%, trong khi hai \u201c\u00f4ng l\u1edbn\u201d c\u00f2n l\u1ea1i l\u00e0 VCB<\/a> v\u00e0 CTG<\/a> c\u00f9ng chung m\u1ee9c gi\u1ea3m 10%.<\/p>\n\n\n\n

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D\u00f9 s\u1eafc \u0111\u1ecf chi\u1ebfm \u01b0u th\u1ebf, v\u1eabn c\u00f3 m\u1ed9t v\u00e0i \u201ctho\u00e1t l\u1eeda\u201d. C\u1ee5 th\u1ec3, 4 m\u00e3 ng\u00e2n h\u00e0ng \u0111i ng\u01b0\u1ee3c xu h\u01b0\u1edbng, trong \u0111\u00f3 ABB<\/a> t\u0103ng 6%, VBB<\/a> v\u00e0 EIB<\/a> nh\u00edch nh\u1eb9 kho\u1ea3ng 1%, c\u00f2n SSB<\/a> gi\u1eef \u0111\u01b0\u1ee3c m\u1eb7t b\u1eb1ng gi\u00e1 so v\u1edbi cu\u1ed1i th\u00e1ng 2.<\/p>\n\n\n\n

T\u00e1c \u0111\u1ed9ng t\u1eeb chi\u1ebfn s\u1ef1 Trung \u0110\u00f4ng trong th\u00e1ng 3 c\u0169ng ph\u1ea3n \u00e1nh r\u00f5 n\u00e9t v\u00e0o hi\u1ec7u su\u1ea5t c\u1ed5 phi\u1ebfu ng\u00e2n h\u00e0ng trong qu\u00fd 1\/2026. K\u1ebft th\u00fac qu\u00fd, EIB l\u00e0 m\u00e3 t\u0103ng m\u1ea1nh nh\u1ea5t v\u1edbi m\u1ee9c t\u0103ng 11%, ti\u1ebfp \u0111\u1ebfn l\u00e0 STB<\/a> t\u0103ng 7%, MBB<\/a> t\u0103ng 5% v\u00e0 VBB t\u0103ng 2%. Trong khi \u0111\u00f3, hai \u201c\u00f4ng l\u1edbn\u201d BID v\u00e0 VCB \u2013 t\u1eebng b\u1ee9t ph\u00e1 trong th\u00e1ng 1 \u0111\u00e3 thu h\u1eb9p \u0111\u00e0 t\u0103ng, ch\u1ec9 c\u00f2n t\u0103ng kho\u1ea3ng 1% sau ba th\u00e1ng \u0111\u1ea7u n\u0103m.<\/p>\n\n\n\n

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D\u00f2ng ti\u1ec1n \u0111\u1ee9ng ngo\u00e0i quan s\u00e1t?<\/strong><\/p>\n\n\n\n

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Tr\u01b0\u1edbc \u00e1p l\u1ef1c \u0111i\u1ec1u ch\u1ec9nh, thanh kho\u1ea3n nh\u00f3m c\u1ed5 phi\u1ebfu ng\u00e2n h\u00e0ng trong th\u00e1ng 3 bi\u1ebfn \u0111\u1ed9ng kh\u00f4ng l\u1edbn. B\u00ecnh qu\u00e2n m\u1ed7i phi\u00ean \u0111\u1ea1t g\u1ea7n 248 tri\u1ec7u cp \u0111\u01b0\u1ee3c kh\u1edbp l\u1ec7nh, t\u0103ng kho\u1ea3ng 6% so v\u1edbi th\u00e1ng tr\u01b0\u1edbc, t\u01b0\u01a1ng \u0111\u01b0\u01a1ng th\u00eam 13.7 tri\u1ec7u cp\/phi\u00ean. Tuy nhi\u00ean, gi\u00e1 tr\u1ecb giao d\u1ecbch kh\u1edbp l\u1ec7nh l\u1ea1i gi\u1ea3m g\u1ea7n 319 t\u1ef7 \u0111\u1ed3ng m\u1ed7i phi\u00ean, xu\u1ed1ng c\u00f2n kho\u1ea3ng 6,300 t\u1ef7 \u0111\u1ed3ng\/ng\u00e0y. Di\u1ec5n bi\u1ebfn n\u00e0y cho th\u1ea5y \u00e1p l\u1ef1c b\u00e1n kh\u00f4ng qu\u00e1 m\u1ea1nh, \u0111\u1ed3ng th\u1eddi ph\u1ea3n \u00e1nh t\u00e2m l\u00fd th\u1eadn tr\u1ecdng khi d\u00f2ng ti\u1ec1n c\u00f3 xu h\u01b0\u1edbng \u0111\u1ee9ng ngo\u00e0i quan s\u00e1t.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

T\u00ednh c\u1ea3 giao d\u1ecbch th\u1ecfa thu\u1eadn, m\u1ed7i phi\u00ean c\u00f3 kho\u1ea3ng 314 tri\u1ec7u cp ng\u00e2n h\u00e0ng \u0111\u01b0\u1ee3c chuy\u1ec3n giao, t\u0103ng 5% so v\u1edbi th\u00e1ng 2, trong khi gi\u00e1 tr\u1ecb giao d\u1ecbch gi\u1ea3m nh\u1eb9 4%, c\u00f2n kho\u1ea3ng 7,681 t\u1ef7 \u0111\u1ed3ng\/ng\u00e0y.<\/p>\n\n\n\n

D\u00f9 b\u1ee9c tranh t\u1ed5ng th\u1ec3 kh\u00e1 \u201c\u00eam \u1ea3\u201d, di\u1ec5n bi\u1ebfn \u1edf t\u1eebng m\u00e3 l\u1ea1i cho th\u1ea5y s\u1ef1 ph\u00e2n h\u00f3a c\u1ee7a d\u00f2ng ti\u1ec1n. M\u1ed9t s\u1ed1 c\u1ed5 phi\u1ebfu ghi nh\u1eadn thanh kho\u1ea3n c\u1ea3i thi\u1ec7n \u0111\u00e1ng k\u1ec3 nh\u01b0 SGB<\/a> v\u1edbi kh\u1ed1i l\u01b0\u1ee3ng kh\u1edbp l\u1ec7nh t\u0103ng 88% v\u00e0 gi\u00e1 tr\u1ecb t\u0103ng 84%. TCB<\/a> v\u00e0 OCB<\/a> c\u00f9ng t\u0103ng 39% v\u1ec1 kh\u1ed1i l\u01b0\u1ee3ng, trong \u0111\u00f3 gi\u00e1 tr\u1ecb giao d\u1ecbch c\u1ee7a OCB t\u0103ng 30% v\u00e0 TCB t\u0103ng 22%. Ng\u01b0\u1ee3c l\u1ea1i, PGB<\/a> ghi nh\u1eadn m\u1ee9c s\u1ee5t gi\u1ea3m m\u1ea1nh nh\u1ea5t, v\u1edbi kh\u1ed1i l\u01b0\u1ee3ng v\u00e0 gi\u00e1 tr\u1ecb kh\u1edbp l\u1ec7nh \u0111\u1ec1u gi\u1ea3m s\u00e2u 40%.<\/p>\n\n\n\n

V\u1ec1 thanh kho\u1ea3n, SHB<\/a> ti\u1ebfp t\u1ee5c d\u1eabn \u0111\u1ea7u to\u00e0n ng\u00e0nh v\u1edbi b\u00ecnh qu\u00e2n kho\u1ea3ng 71 tri\u1ec7u cp kh\u1edbp l\u1ec7nh m\u1ed7i phi\u00ean, c\u00f9ng g\u1ea7n 4 tri\u1ec7u cp giao d\u1ecbch th\u1ecfa thu\u1eadn, t\u0103ng l\u1ea7n l\u01b0\u1ee3t 35% v\u00e0 11% so v\u1edbi th\u00e1ng tr\u01b0\u1edbc. \u1ede chi\u1ec1u ng\u01b0\u1ee3c l\u1ea1i, BAB<\/a> l\u00e0 m\u00e3 c\u00f3 thanh kho\u1ea3n th\u1ea5p nh\u1ea5t khi kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch b\u00ecnh qu\u00e2n ch\u01b0a t\u1edbi 10,000 cp\/ng\u00e0y, gi\u1ea3m 29% so v\u1edbi th\u00e1ng 2.<\/p>\n\n\n\n

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Kh\u1ed1i ngo\u1ea1i r\u00fat r\u00f2ng v\u1ed1n m\u1ea1nh nh\u1ea5t 5 th\u00e1ng<\/strong><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Trong b\u1ed1i c\u1ea3nh nhi\u1ec1u y\u1ebfu t\u1ed1 b\u1ea5t \u0111\u1ecbnh gia t\u0103ng, nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i \u0111\u00e3 t\u0103ng t\u1ed1c b\u00e1n r\u00f2ng c\u1ed5 phi\u1ebfu ng\u00e2n h\u00e0ng. Ri\u00eang trong th\u00e1ng 3, kh\u1ed1i ngo\u1ea1i b\u00e1n r\u00f2ng g\u1ea7n 171 tri\u1ec7u cp, t\u01b0\u01a1ng \u1ee9ng gi\u00e1 tr\u1ecb kho\u1ea3ng 6,440 t\u1ef7 \u0111\u1ed3ng \u2013 m\u1ee9c cao nh\u1ea5t k\u1ec3 t\u1eeb th\u00e1ng 11\/2025.<\/p>\n\n\n\n

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\u00c1p l\u1ef1c b\u00e1n di\u1ec5n ra tr\u00ean di\u1ec7n r\u1ed9ng, t\u1eadp trung m\u1ea1nh \u1edf c\u00e1c m\u00e3 v\u1ed1n h\u00f3a l\u1edbn nh\u01b0 STB v\u1edbi gi\u00e1 tr\u1ecb b\u00e1n r\u00f2ng 2,503 t\u1ef7 \u0111\u1ed3ng, VCB 1,415 t\u1ef7 \u0111\u1ed3ng v\u00e0 BID 1,253 t\u1ef7 \u0111\u1ed3ng.<\/p>\n\n\n\n

Trong khi \u0111\u00f3, l\u1ef1c mua r\u00f2ng kh\u00e1 h\u1ea1n ch\u1ebf. ACB<\/a> l\u00e0 m\u00e3 \u0111\u01b0\u1ee3c kh\u1ed1i ngo\u1ea1i mua r\u00f2ng nhi\u1ec1u nh\u1ea5t v\u1edbi gi\u00e1 tr\u1ecb 253 t\u1ef7 \u0111\u1ed3ng, theo sau l\u00e0 VIB<\/a> v\u1edbi 133 t\u1ef7 \u0111\u1ed3ng.<\/p>\n\n\n\n

Di\u1ec5n bi\u1ebfn trong th\u00e1ng 3 cho th\u1ea5y ngay c\u1ea3 nh\u00f3m c\u1ed5 phi\u1ebfu tr\u1ee5 c\u1ed9t nh\u01b0 ng\u00e2n h\u00e0ng c\u0169ng kh\u00f4ng tr\u00e1nh kh\u1ecfi s\u1ee9c \u00e9p t\u1eeb c\u00e1c y\u1ebfu t\u1ed1 kh\u00f3 l\u01b0\u1eddng, khi d\u00f2ng v\u1ed1n ngo\u1ea1i c\u00f3 xu h\u01b0\u1edbng r\u00fat lui r\u00f5 n\u00e9t.<\/p>","protected":false},"excerpt":{"rendered":"

\u00a0 Chi\u1ebfn s\u1ef1 Trung \u0110\u00f4ng leo thang trong th\u00e1ng 3 \u0111\u00e3 \u201cph\u1ea3 nhi\u1ec7t\u201d l\u00ean th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam. […]<\/p>","protected":false},"author":5,"featured_media":69033,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[221],"tags":[],"class_list":["post-68878","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\/68878","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=68878"}],"version-history":[{"count":1,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/68878\/revisions"}],"predecessor-version":[{"id":69034,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/68878\/revisions\/69034"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media\/69033"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media?parent=68878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/categories?post=68878"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/tags?post=68878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}