{"id":71725,"date":"2026-04-15T09:09:34","date_gmt":"2026-04-15T02:09:34","guid":{"rendered":"https:\/\/hbbgroup.net\/dai-dien-ftse-bat-mi-tieu-chi-chon-co-phieu-vao-ro-chi-so-va-loat-co-hoi-dau-tu-dang-chu-y\/"},"modified":"2026-04-15T09:09:34","modified_gmt":"2026-04-15T02:09:34","slug":"dai-dien-ftse-bat-mi-tieu-chi-chon-co-phieu-vao-ro-chi-so-va-loat-co-hoi-dau-tu-dang-chu-y","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/dai-dien-ftse-bat-mi-tieu-chi-chon-co-phieu-vao-ro-chi-so-va-loat-co-hoi-dau-tu-dang-chu-y\/","title":{"rendered":"\u0110\u1ea1i di\u1ec7n FTSE \u201cb\u1eadt m\u00ed\u201d ti\u00eau ch\u00ed ch\u1ecdn c\u1ed5 phi\u1ebfu v\u00e0o r\u1ed5 ch\u1ec9 s\u1ed1 v\u00e0 lo\u1ea1t c\u01a1 h\u1ed9i \u0111\u1ea7u t\u01b0 \u0111\u00e1ng ch\u00fa \u00fd"},"content":{"rendered":"
<\/figcaption>

Trong b\u1ed1i c\u1ea3nh th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam \u0111ang n\u1ed7 l\u1ef1c chuy\u1ec3n m\u00ecnh \u0111\u1ec3 \u0111\u00e1p \u1ee9ng c\u00e1c ti\u00eau chu\u1ea9n n\u00e2ng h\u1ea1ng, nh\u1eefng chia s\u1ebb c\u1ee7a b\u00e0 Wanming Du \u2013 Gi\u00e1m \u0111\u1ed1c Ch\u00ednh s\u00e1ch khu v\u1ef1c ch\u00e2u \u00c1 \u2013 Th\u00e1i B\u00ecnh D\u01b0\u01a1ng c\u1ee7a FTSE Russell v\u00e0 \u00f4ng Ph\u1ea1m L\u01b0u H\u01b0ng \u2013 Kinh t\u1ebf tr\u01b0\u1edfng SSI Research t\u1ea1i webinar m\u1edbi \u0111\u00e2y \u0111\u00e3 ph\u00e1c h\u1ecda m\u1ed9t b\u1ee9c tranh to\u00e0n c\u1ea3nh v\u1ec1 c\u00e1c ti\u00eau chu\u1ea9n kh\u1eaft khe t\u1eeb d\u00f2ng v\u1ed1n qu\u1ed1c t\u1ebf. <\/p>\n

\ufeffTi\u00eau ch\u00ed l\u1ef1a ch\u1ecdn c\u1ed5 phi\u1ebfu sau n\u00e2ng h\u1ea1ng <\/b> <\/p>\n

Theo b\u00e0 Wanming Du, n\u1ec1n t\u1ea3ng c\u1ed1t l\u00f5i \u0111\u1ec3 m\u1ed9t m\u00e3 c\u1ed5 phi\u1ebfu l\u1ecdt v\u00e0o danh s\u00e1ch theo d\u00f5i c\u1ee7a FTSE Russell kh\u00f4ng ch\u1ec9 d\u1eebng l\u1ea1i \u1edf quy m\u00f4 v\u1ed1n h\u00f3a m\u00e0 t\u1eadp trung \u0111\u1eb7c bi\u1ec7t v\u00e0o t\u00ednh thanh kho\u1ea3n v\u00e0 t\u1ef7 l\u1ec7 c\u1ed5 phi\u1ebfu t\u1ef1 do chuy\u1ec3n nh\u01b0\u1ee3ng (free float). \u0110\u00e2y l\u00e0 n\u1ec1n t\u1ea3ng \u0111\u1ec3 x\u00e1c \u0111\u1ecbnh m\u1ee9c \u0111\u1ed9 \u201c\u0111\u1ea7u t\u01b0 \u0111\u01b0\u1ee3c\u201d (investability) c\u1ee7a m\u1ed9t c\u1ed5 phi\u1ebfu. <\/p>\n

Trong \u0111\u00f3, t\u1ef7 l\u1ec7 c\u1ed5 phi\u1ebfu t\u1ef1 do chuy\u1ec3n nh\u01b0\u1ee3ng (free float) \u0111\u01b0\u1ee3c xem l\u00e0 th\u01b0\u1edbc \u0111o ph\u1ea3n \u00e1nh tr\u1ef1c ti\u1ebfp m\u1ee9c \u0111\u1ed9 d\u1ed3i d\u00e0o c\u1ee7a ngu\u1ed3n cung giao d\u1ecbch, \u0111\u1ea3m b\u1ea3o r\u1eb1ng nh\u00e0 \u0111\u1ea7u t\u01b0 ngo\u1ea1i c\u00f3 th\u1ec3 th\u1ef1c hi\u1ec7n c\u00e1c v\u1ecb th\u1ebf mua b\u00e1n m\u1ed9t c\u00e1ch minh b\u1ea1ch v\u00e0 nh\u1ea5t qu\u00e1n. <\/p>\n

Ch\u00ednh nh\u1eefng nguy\u00ean t\u1eafc n\u00e0y l\u00e0 n\u1ec1n t\u1ea3ng \u0111\u1ec3 x\u00e2y d\u1ef1ng v\u00e0 \u0111\u00e1nh gi\u00e1 ch\u1ea5t l\u01b0\u1ee3ng c\u1ee7a m\u1ed9t b\u1ed9 ch\u1ec9 s\u1ed1, n\u01a1i m\u1ed9t ch\u1ec9 s\u1ed1 \u0111\u01b0\u1ee3c coi l\u00e0 t\u1ed1t khi \u0111\u1ea3m b\u1ea3o c\u00e1c ti\u00eau ch\u00ed r\u00f5 r\u00e0ng v\u1ec1 quy m\u00f4 v\u00e0 kh\u1ea3 n\u0103ng ti\u1ebfp c\u1eadn c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0. Tr\u00ean c\u01a1 s\u1edf \u0111\u00f3, th\u1ecb tr\u01b0\u1eddng s\u1ebd x\u00e1c \u0111\u1ecbnh c\u00f3 bao nhi\u00eau c\u1ed5 phi\u1ebfu Vi\u1ec7t Nam \u0111\u1ee7 \u0111i\u1ec1u ki\u1ec7n \u0111\u01b0\u1ee3c \u0111\u01b0a v\u00e0o r\u1ed5 ch\u1ec9 s\u1ed1. <\/p>\n

\u0110i s\u00e2u v\u00e0o s\u1ef1 kh\u00e1c bi\u1ec7t gi\u1eefa c\u00e1c b\u1ed9 ch\u1ec9 s\u1ed1 n\u1ed9i \u0111\u1ecba v\u00e0 qu\u1ed1c t\u1ebf, \u0111\u1ea1i di\u1ec7n FTSE Russell cho r\u1eb1ng \u0111i\u1ec3m kh\u00e1c bi\u1ec7t quan tr\u1ecdng n\u1eb1m \u1edf gi\u1edbi h\u1ea1n s\u1edf h\u1eefu n\u01b0\u1edbc ngo\u00e0i (room ngo\u1ea1i). \u0110\u1ed1i v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 qu\u1ed1c t\u1ebf, c\u00e1c h\u1ea1n ch\u1ebf n\u00e0y \u1ea3nh h\u01b0\u1edfng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn t\u1ef7 l\u1ec7 c\u1ed5 phi\u1ebfu th\u1ef1c s\u1ef1 c\u00f3 th\u1ec3 ti\u1ebfp c\u1eadn v\u00e0 giao d\u1ecbch. Khi room ngo\u1ea1i b\u1ecb gi\u1edbi h\u1ea1n, \u201cheadroom\u201d d\u00e0nh cho kh\u1ed1i ngo\u1ea1i s\u1ebd thu h\u1eb9p, k\u00e9o theo vi\u1ec7c gi\u1ea3m s\u1ee9c h\u1ea5p d\u1eabn c\u1ee7a c\u1ed5 phi\u1ebfu trong m\u1eaft c\u00e1c qu\u1ef9 \u0111\u1ea7u t\u01b0 to\u00e0n c\u1ea7u. <\/p>\n

Trong khi \u0111\u00f3, v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 trong n\u01b0\u1edbc, y\u1ebfu t\u1ed1 room ngo\u1ea1i kh\u00f4ng ph\u1ea3i l\u00e0 r\u00e0o c\u1ea3n l\u1edbn. Do \u0111\u00f3, r\u1ed5 VN30 hi\u1ec7n nay ch\u1ee7 y\u1ebfu ph\u1ea3n \u00e1nh g\u00f3c nh\u00ecn v\u00e0 kh\u1ea3 n\u0103ng ti\u1ebfp c\u1eadn c\u1ee7a d\u00f2ng v\u1ed1n n\u1ed9i, thay v\u00ec \u0111\u00e1p \u1ee9ng \u0111\u1ea7y \u0111\u1ee7 c\u00e1c ti\u00eau ch\u00ed c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 qu\u1ed1c t\u1ebf. <\/p>\n

Ch\u00ednh s\u1ef1 kh\u00e1c bi\u1ec7t n\u00e0y t\u1ea1o ra kho\u1ea3ng c\u00e1ch gi\u1eefa c\u00e1c b\u1ed9 ch\u1ec9 s\u1ed1 n\u1ed9i \u0111\u1ecba nh\u01b0 VN30 v\u00e0 c\u00e1c b\u1ed9 ch\u1ec9 s\u1ed1 do FTSE Russell x\u00e2y d\u1ef1ng. C\u00e1c b\u1ed9 ch\u1ec9 s\u1ed1 qu\u1ed1c t\u1ebf th\u01b0\u1eddng \u0111\u1eb7t tr\u1ecdng t\u00e2m l\u1edbn h\u01a1n v\u00e0o t\u00ednh minh b\u1ea1ch, kh\u1ea3 n\u0103ng ti\u1ebfp c\u1eadn c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i v\u00e0 m\u1ee9c \u0111\u1ed9 t\u1ef1 do giao d\u1ecbch c\u1ee7a c\u1ed5 phi\u1ebfu. <\/p>\n

” Do \u0111\u00f3, nh\u1eefng doanh nghi\u1ec7p c\u00f3 v\u1ed1n h\u00f3a l\u1edbn, thanh kho\u1ea3n cao, t\u1ef7 l\u1ec7 free float \u0111\u1ee7 l\u1edbn v\u00e0 c\u00f2n d\u01b0 \u0111\u1ecba room ngo\u1ea1i s\u1ebd c\u00f3 l\u1ee3i th\u1ebf r\u00f5 r\u1ec7t. Ng\u01b0\u1ee3c l\u1ea1i, c\u00e1c c\u1ed5 phi\u1ebfu b\u1ecb gi\u1edbi h\u1ea1n s\u1edf h\u1eefu n\u01b0\u1edbc ngo\u00e0i ho\u1eb7c c\u00f3 thanh kho\u1ea3n th\u1ea5p s\u1ebd g\u1eb7p b\u1ea5t l\u1ee3i trong qu\u00e1 tr\u00ecnh s\u00e0ng l\u1ecdc” <\/i> , \u0111\u1ea1i di\u1ec7n FTSE cho bi\u1ebft. <\/p>\n

\ufeffLo\u1ea1t nh\u00f3m ng\u00e0nh d\u1ef1 b\u00e1o h\u00fat ti\u1ec1n <\/b> <\/p>\n

\u0110\u1ee9ng t\u1eeb g\u00f3c \u0111\u1ed9 \u0111i\u1ec1u h\u00e0nh v\u00e0 ph\u00e2n t\u00edch th\u1ecb tr\u01b0\u1eddng, \u00f4ng Ph\u1ea1m L\u01b0u H\u01b0ng nh\u1ea5n m\u1ea1nh Vi\u1ec7t Nam \u0111ang d\u1ea7n tr\u1edf th\u00e0nh m\u1ed9t trong nh\u1eefng \u0111i\u1ec3m \u0111\u1ebfn h\u1ea5p d\u1eabn tr\u00ean b\u1ea3n \u0111\u1ed3 \u0111\u1ea7u t\u01b0 to\u00e0n c\u1ea7u, khi nh\u1eefng c\u1ea3i c\u00e1ch v\u1ec1 ch\u00ednh s\u00e1ch v\u00e0 h\u1ea1 t\u1ea7ng th\u1ecb tr\u01b0\u1eddng \u0111ang \u0111\u01b0\u1ee3c \u0111\u1ea9y m\u1ea1nh. <\/p>\n

Trong ng\u1eafn h\u1ea1n, vi\u1ec7c n\u00e2ng h\u1ea1ng th\u1ecb tr\u01b0\u1eddng c\u00f3 th\u1ec3 t\u1ea1o ra nh\u1eefng t\u00e1c \u0111\u1ed9ng r\u00f5 r\u1ec7t l\u00ean gi\u00e1 c\u1ed5 phi\u1ebfu nh\u1edd s\u1ef1 gia nh\u1eadp m\u1ea1nh m\u1ebd c\u1ee7a d\u00f2ng ti\u1ec1n ngo\u1ea1i. Tuy nhi\u00ean, v\u1ec1 d\u00e0i h\u1ea1n, c\u00e2u chuy\u1ec7n kh\u00f4ng ch\u1ec9 d\u1eebng l\u1ea1i \u1edf n\u00e2ng h\u1ea1ng th\u1ecb tr\u01b0\u1eddng. \u0110i\u1ec1u quan tr\u1ecdng h\u01a1n l\u00e0 s\u1ef1 thay \u0111\u1ed5i mang t\u00ednh n\u1ec1n t\u1ea3ng c\u1ee7a th\u1ecb tr\u01b0\u1eddng v\u1ed1n, t\u1eeb vi\u1ec7c ph\u00e1t tri\u1ec3n \u0111\u1ed3ng b\u1ed9 c\u00e1c k\u00eanh c\u1ed5 phi\u1ebfu, tr\u00e1i phi\u1ebfu cho \u0111\u1ebfn m\u1edf r\u1ed9ng c\u00e1c s\u1ea3n ph\u1ea9m t\u00e0i ch\u00ednh m\u1edbi. \u0110\u00e2y s\u1ebd l\u00e0 y\u1ebfu t\u1ed1 gi\u00fap n\u00e2ng cao thanh kho\u1ea3n, c\u1ea3i thi\u1ec7n ch\u1ea5t l\u01b0\u1ee3ng th\u1ecb tr\u01b0\u1eddng v\u00e0 t\u1ea1o n\u1ec1n t\u1ea3ng thu h\u00fat d\u00f2ng v\u1ed1n b\u1ec1n v\u1eefng. <\/p>\n

M\u1eb7c d\u00f9 nh\u00f3m ng\u00e0nh ng\u00e2n h\u00e0ng \u2013 v\u1ed1n chi\u1ebfm t\u1ef7 tr\u1ecdng l\u1edbn trong r\u1ed5 ch\u1ec9 s\u1ed1 VN30 v\u1edbi m\u1ee9c ph\u00e2n b\u1ed5 kho\u1ea3ng 10% trong t\u1ed5ng s\u1ed1 30% t\u1ef7 tr\u1ecdng chung v\u1eabn \u0111ang g\u1eb7p v\u01b0\u1edbng m\u1eafc v\u1ec1 room ngo\u1ea1i, song chuy\u00ean gia tin r\u1eb1ng \u0111\u00e2y kh\u00f4ng ph\u1ea3i tr\u1edf ng\u1ea1i qu\u00e1 l\u1edbn n\u1ebfu nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i \u0111\u01b0\u1ee3c h\u1ed7 tr\u1ee3 ti\u1ebfp c\u1eadn th\u00f4ng qua c\u00e1c h\u00ecnh th\u1ee9c \u0111\u1ea7u t\u01b0 ph\u00f9 h\u1ee3p. <\/p>\n

Nh\u00ecn v\u1ec1 tri\u1ec3n v\u1ecdng d\u00f2ng v\u1ed1n trong giai \u0111o\u1ea1n t\u1edbi, \u00f4ng H\u01b0ng cho r\u1eb1ng d\u00f2ng ti\u1ec1n \u0111ang c\u00f3 xu h\u01b0\u1edbng \u01b0u ti\u00ean c\u00e1c nh\u00f3m ng\u00e0nh g\u1eafn v\u1edbi t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf th\u1ef1c, trong \u0111\u00f3 n\u1ed5i b\u1eadt l\u00e0 c\u00e2u chuy\u1ec7n Net Zero v\u00e0 \u0111\u1ea7u t\u01b0 c\u00f4ng v\u1edbi c\u00e1c \u0111\u1ea1i di\u1ec7n nh\u01b0 STB, SGB. \u1ede m\u1ea3ng ti\u00eau d\u00f9ng, Masan (MSN) v\u00e0 Vinamilk (VNM) \u0111\u01b0\u1ee3c \u0111\u00e1nh gi\u00e1 t\u00edch c\u1ef1c nh\u1edd h\u01b0\u1edfng l\u1ee3i t\u1eeb \u0111\u00e0 m\u1edf r\u1ed9ng c\u1ee7a th\u1ecb tr\u01b0\u1eddng n\u1ed9i \u0111\u1ecba. Trong khi \u0111\u00f3, l\u0129nh v\u1ef1c t\u00e0i ch\u00ednh ghi nh\u1eadn s\u1ef1 ch\u00fa \u00fd \u0111\u1ed1i v\u1edbi Vietcombank (VCB) nh\u1edd n\u1ec1n t\u1ea3ng v\u1eadn h\u00e0nh v\u1eefng ch\u1eafc v\u00e0 ch\u1ea5t l\u01b0\u1ee3ng d\u1ecbch v\u1ee5 thu\u1ed9c nh\u00f3m d\u1eabn \u0111\u1ea7u th\u1ecb tr\u01b0\u1eddng. <\/i> <\/b> <\/p>\n

\u0110\u00e2y l\u00e0 nh\u1eefng nh\u00f3m ng\u00e0nh kh\u00f4ng ch\u1ec9 h\u01b0\u1edfng l\u1ee3i t\u1eeb d\u00f2ng v\u1ed1n ngo\u1ea1i m\u00e0 c\u00f2n g\u1eafn v\u1edbi c\u00e2u chuy\u1ec7n t\u0103ng tr\u01b0\u1edfng d\u00e0i h\u1ea1n c\u1ee7a n\u1ec1n kinh t\u1ebf Vi\u1ec7t Nam. <\/p>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

Trong b\u1ed1i c\u1ea3nh th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam \u0111ang n\u1ed7 l\u1ef1c chuy\u1ec3n m\u00ecnh \u0111\u1ec3 \u0111\u00e1p \u1ee9ng c\u00e1c ti\u00eau chu\u1ea9n […]<\/p>","protected":false},"author":5,"featured_media":71727,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[221],"tags":[],"class_list":["post-71725","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\/71725","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=71725"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/71725\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media\/71727"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media?parent=71725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/categories?post=71725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/tags?post=71725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}