Theo \u00f4ng, giai \u0111o\u1ea1n th\u1ecb tr\u01b0\u1eddng d\u1ef1a nhi\u1ec1u v\u00e0o \u0111\u1ea7u c\u01a1, \u201cl\u01b0\u1edbt s\u00f3ng\u201d, mua \u0111i b\u00e1n l\u1ea1i \u0111\u1ec3 \u0111\u1ea9y gi\u00e1 \u0111\u00e3 d\u1ea7n \u0111i qua. <\/p>\n
Trao \u0111\u1ed5i t\u1ea1i h\u1ed9i th\u1ea3o \u201cTh\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n 2026 \u2013 Chu k\u1ef3 t\u0103ng tr\u01b0\u1edfng m\u1edbi \u2013 C\u01a1 h\u1ed9i t\u1eeb ph\u00e2n h\u00f3a v\u00e0 ch\u1ea5t l\u01b0\u1ee3ng t\u0103ng tr\u01b0\u1edfng\u201d do Ch\u1ee9ng kho\u00e1n Nh\u1ea5t Vi\u1ec7t (VFS) t\u1ed5 ch\u1ee9c m\u1edbi \u0111\u00e2y, tr\u01b0\u1edbc b\u0103n kho\u0103n c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 v\u1ec1 vi\u1ec7c c\u1ed5 phi\u1ebfu b\u1ea5t \u0111\u1ed9ng s\u1ea3n ph\u1ea3n \u1ee9ng m\u1ea1nh sau th\u00f4ng \u0111i\u1ec7p t\u1eadp trung ph\u00e1t tri\u1ec3n ph\u00e2n kh\u00fac chung c\u01b0 cho thu\u00ea, ki\u1ec3m so\u00e1t \u0111\u1ea7u c\u01a1 b\u1ea5t \u0111\u1ed9ng s\u1ea3n, TS C\u1ea5n V\u0103n L\u1ef1c \u2013 Chuy\u00ean gia Kinh t\u1ebf tr\u01b0\u1edfng v\u00e0 Gi\u00e1m \u0111\u1ed1c Vi\u1ec7n \u0110\u00e0o t\u1ea1o, Nghi\u00ean c\u1ee9u BIDV cho r\u1eb1ng th\u1ecb tr\u01b0\u1eddng \u0111ang c\u00f3 ph\u1ea7n ph\u1ea3n \u1ee9ng h\u01a1i th\u00e1i qu\u00e1. <\/p>\n
Theo \u00f4ng, nhu c\u1ea7u nh\u00e0 \u1edf t\u1ea1i Vi\u1ec7t Nam hi\u1ec7n v\u1eabn r\u1ea5t l\u1edbn, \u0111\u1eb7c bi\u1ec7t l\u00e0 ph\u00e2n kh\u00fac nh\u00e0 \u1edf ph\u00f9 h\u1ee3p v\u1edbi kh\u1ea3 n\u0103ng chi tr\u1ea3 c\u1ee7a ng\u01b0\u1eddi d\u00e2n. Hi\u1ec7n nay, Vi\u1ec7t Nam m\u1edbi ch\u1ec9 \u0111\u00e1p \u1ee9ng \u0111\u01b0\u1ee3c kho\u1ea3ng 60% nhu c\u1ea7u nh\u00e0 \u1edf, t\u1ee9c v\u1eabn c\u00f2n thi\u1ebfu kho\u1ea3ng 40%. Trong khi \u0111\u00f3, c\u01a1 c\u1ea5u ngu\u1ed3n cung v\u1eabn m\u1ea5t c\u00e2n \u0111\u1ed1i khi ph\u00e2n kh\u00fac cao c\u1ea5p ph\u00e1t tri\u1ec3n m\u1ea1nh, c\u00f2n ph\u00e2n kh\u00fac trung c\u1ea5p v\u00e0 nh\u00e0 \u1edf ph\u00f9 h\u1ee3p v\u1edbi \u0111\u1ea1i \u0111a s\u1ed1 ng\u01b0\u1eddi d\u00e2n v\u1eabn thi\u1ebfu h\u1ee5t \u0111\u00e1ng k\u1ec3. <\/p>\n
Ngu\u1ed3n cung nh\u00e0 \u1edf x\u00e3 h\u1ed9i th\u1eddi gian qua \u0111\u00e3 c\u00f3 d\u1ea5u hi\u1ec7u c\u1ea3i thi\u1ec7n khi h\u01a1n 700.000 c\u0103n \u0111\u01b0\u1ee3c b\u1ed5 sung ra th\u1ecb tr\u01b0\u1eddng trong h\u01a1n m\u1ed9t n\u0103m qua. Tuy nhi\u00ean, ph\u00e2n kh\u00fac nh\u00e0 \u1edf th\u01b0\u01a1ng m\u1ea1i gi\u00e1 v\u1eeba ph\u1ea3i d\u00e0nh cho nh\u00f3m thu nh\u1eadp trung b\u00ecnh v\u1eabn c\u00f2n thi\u1ebfu r\u1ea5t l\u1edbn. <\/p>\n
TS C\u1ea5n V\u0103n L\u1ef1c cho r\u1eb1ng th\u1ecb tr\u01b0\u1eddng c\u1ea7n \u0111\u01b0\u1ee3c ph\u00e1t tri\u1ec3n \u0111a d\u1ea1ng v\u1edbi ba m\u00f4 h\u00ecnh g\u1ed3m mua, thu\u00ea v\u00e0 thu\u00ea mua thay v\u00ec ch\u1ec9 t\u1eadp trung v\u00e0o m\u1ed9t h\u00ecnh th\u1ee9c duy nh\u1ea5t. T\u00f9y t\u1eebng nh\u00f3m \u0111\u1ed1i t\u01b0\u1ee3ng s\u1ebd c\u00f3 nhu c\u1ea7u kh\u00e1c nhau, trong \u0111\u00f3 c\u00f4ng nh\u00e2n v\u00e0 sinh vi\u00ean c\u00f3 xu h\u01b0\u1edbng \u01b0u ti\u00ean thu\u00ea, c\u00f2n nh\u00f3m c\u00f3 nhu c\u1ea7u \u1ed5n \u0111\u1ecbnh l\u00e2u d\u00e0i v\u1eabn mu\u1ed1n s\u1edf h\u1eefu nh\u00e0 \u1edf. <\/p>\n
Theo v\u1ecb chuy\u00ean gia, \u0111\u1ecbnh h\u01b0\u1edbng hi\u1ec7n nay kh\u00f4ng ph\u1ea3i chuy\u1ec3n ho\u00e0n to\u00e0n t\u1eeb m\u00f4 h\u00ecnh mua b\u00e1n sang cho thu\u00ea, m\u00e0 l\u00e0 c\u1ea7n quan t\u00e2m nhi\u1ec1u h\u01a1n t\u1edbi th\u1ecb tr\u01b0\u1eddng cho thu\u00ea \u2013 l\u0129nh v\u1ef1c c\u00f2n thi\u1ebfu h\u1ee5t trong th\u1eddi gian d\u00e0i. V\u00ec v\u1eady, th\u1ecb tr\u01b0\u1eddng s\u1ebd c\u1ea7n ph\u00e1t tri\u1ec3n \u0111\u1ed3ng th\u1eddi c\u1ea3 ba ph\u00e2n kh\u00fac g\u1ed3m cho thu\u00ea, thu\u00ea mua v\u00e0 mua b\u00e1n t\u00f9y theo nhu c\u1ea7u c\u1ee7a t\u1eebng \u0111\u1ecba ph\u01b0\u01a1ng v\u00e0 t\u1eebng khu v\u1ef1c. <\/p>\n
TS C\u1ea5n V\u0103n L\u1ef1c c\u0169ng cho r\u1eb1ng vi\u1ec7c m\u1ed9t s\u1ed1 c\u1ed5 phi\u1ebfu b\u1ea5t \u0111\u1ed9ng s\u1ea3n gi\u1ea3m m\u1ea1nh th\u1eddi gian qua c\u00f3 th\u1ec3 xu\u1ea5t ph\u00e1t t\u1eeb lo ng\u1ea1i c\u1ee7a th\u1ecb tr\u01b0\u1eddng \u0111\u1ed1i v\u1edbi nh\u00f3m doanh nghi\u1ec7p mang t\u00ednh \u0111\u1ea7u c\u01a1 cao. Theo \u00f4ng, giai \u0111o\u1ea1n th\u1ecb tr\u01b0\u1eddng d\u1ef1a nhi\u1ec1u v\u00e0o \u0111\u1ea7u c\u01a1, \u201cl\u01b0\u1edbt s\u00f3ng\u201d, mua \u0111i b\u00e1n l\u1ea1i \u0111\u1ec3 \u0111\u1ea9y gi\u00e1 \u0111\u00e3 d\u1ea7n \u0111i qua. <\/p>\n
\u201c \u0110\u1ea7u c\u01a1 ngh\u0129a l\u00e0 mua \u0111i b\u00e1n l\u1ea1i r\u1ed3i th\u1ed5i gi\u00e1 l\u00ean \u0111\u1ec3 h\u01b0\u1edfng ch\u00eanh l\u1ec7ch. B\u00e2y gi\u1edd l\u00e0 h\u1ebft c\u00e1i th\u1eddi \u0111\u00f3 r\u1ed3i. Ngay c\u1ea3 th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n hi\u1ec7n nay c\u0169ng \u0111ang theo xu h\u01b0\u1edbng gi\u1ea3m d\u1ea7n t\u00ednh \u0111\u1ea7u c\u01a1, \u00edt \u2018l\u01b0\u1edbt s\u00f3ng\u2019 h\u01a1n \u0111\u1ec3 h\u01b0\u1edbng t\u1edbi s\u1ef1 b\u1ec1n v\u1eefng\u201d <\/i> , \u00f4ng n\u00f3i. <\/p>\n
Theo TS C\u1ea5n V\u0103n L\u1ef1c, kh\u1ea3o s\u00e1t t\u1ea1i Vi\u1ec7t Nam cho th\u1ea5y tr\u01b0\u1edbc \u0111\u00e2y h\u01a1n 80% giao d\u1ecbch b\u1ea5t \u0111\u1ed9ng s\u1ea3n l\u00e0 mua \u0111i b\u00e1n l\u1ea1i trong v\u00f2ng m\u1ed9t n\u0103m, trong khi t\u1ea1i nhi\u1ec1u th\u1ecb tr\u01b0\u1eddng n\u01b0\u1edbc ngo\u00e0i, t\u1ef7 l\u1ec7 n\u00e0y ch\u1ec9 kho\u1ea3ng 20-30%. Vi\u1ec7c li\u00ean t\u1ee5c sang tay \u0111\u00e3 khi\u1ebfn gi\u00e1 b\u1ea5t \u0111\u1ed9ng s\u1ea3n b\u1ecb \u0111\u1ea9y l\u00ean cao qua nhi\u1ec1u t\u1ea7ng n\u1ea5c trung gian. <\/p>\n
\u201c Nh\u1eefng doanh nghi\u1ec7p d\u1ef1a qu\u00e1 nhi\u1ec1u v\u00e0o m\u00f4 h\u00ecnh \u0111\u1ea7u c\u01a1 ch\u1eafc ch\u1eafn s\u1ebd ch\u1ecbu t\u00e1c \u0111\u1ed9ng. Ng\u01b0\u1ee3c l\u1ea1i, c\u00e1c doanh nghi\u1ec7p ph\u00e1t tri\u1ec3n b\u1ec1n v\u1eefng, \u0111\u00e1p \u1ee9ng nhu c\u1ea7u th\u1ef1c c\u1ee7a th\u1ecb tr\u01b0\u1eddng v\u1eabn s\u1ebd c\u00f3 d\u01b0 \u0111\u1ecba t\u0103ng tr\u01b0\u1edfng\u201d <\/i> , \u00f4ng nh\u1eadn \u0111\u1ecbnh. <\/p>\n
C\u00f9ng b\u00e0n v\u1ec1 v\u1ea5n \u0111\u1ec1 n\u00e0y, b\u00e0 \u0110\u1ed7 H\u1ed3ng V\u00e2n \u2013 Tr\u01b0\u1edfng ph\u00f2ng Ph\u00e2n t\u00edch d\u1eef li\u1ec7u c\u1ee7a FiinGroup cho bi\u1ebft c\u1ed5 phi\u1ebfu b\u1ea5t \u0111\u1ed9ng s\u1ea3n v\u1ed1n c\u00f3 t\u00ednh \u0111\u1ea7u c\u01a1 cao v\u00e0 r\u1ea5t nh\u1ea1y c\u1ea3m v\u1edbi th\u00f4ng tin. V\u00ec v\u1eady, ph\u1ea3n \u1ee9ng gi\u1ea3m v\u1eeba qua c\u1ee7a nh\u00f3m c\u1ed5 phi\u1ebfu n\u00e0y sau \u0111\u1ecbnh h\u01b0\u1edbng ch\u00ednh s\u00e1ch m\u1edbi v\u1ec1 ph\u00e1t tri\u1ec3n nh\u00e0 \u1edf l\u00e0 \u0111i\u1ec1u kh\u00f3 tr\u00e1nh kh\u1ecfi, song \u0111\u00e2y c\u0169ng l\u00e0 c\u01a1 h\u1ed9i \u0111\u1ec3 th\u1ecb tr\u01b0\u1eddng ph\u00e2n h\u00f3a r\u00f5 n\u00e9t h\u01a1n. <\/p>\n
Theo b\u00e0 V\u00e2n, nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean \u01b0u ti\u00ean c\u00e1c doanh nghi\u1ec7p s\u1edf h\u1eefu qu\u1ef9 \u0111\u1ea5t s\u1ea1ch, s\u1eb5n s\u00e0ng tri\u1ec3n khai d\u1ef1 \u00e1n, kh\u00f4ng v\u01b0\u1edbng m\u1eafc ph\u00e1p l\u00fd k\u00e9o d\u00e0i; c\u00f3 n\u0103ng l\u1ef1c tri\u1ec3n khai th\u1ef1c t\u1ebf t\u1ed1t v\u00e0 t\u1eadp trung v\u00e0o ph\u00e2n kh\u00fac nh\u00e0 \u1edf gi\u00e1 ph\u00f9 h\u1ee3p, d\u1ec5 ti\u1ebfp c\u1eadn v\u1edbi s\u1ed1 \u0111\u00f4ng ng\u01b0\u1eddi mua. <\/p>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"
Theo \u00f4ng, giai \u0111o\u1ea1n th\u1ecb tr\u01b0\u1eddng d\u1ef1a nhi\u1ec1u v\u00e0o \u0111\u1ea7u c\u01a1, \u201cl\u01b0\u1edbt s\u00f3ng\u201d, mua \u0111i b\u00e1n l\u1ea1i \u0111\u1ec3 \u0111\u1ea9y gi\u00e1 […]<\/p>","protected":false},"author":5,"featured_media":83285,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[221],"tags":[],"class_list":["post-83284","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\/83284","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=83284"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/83284\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media\/83285"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media?parent=83284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/categories?post=83284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/tags?post=83284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}