{"id":84199,"date":"2026-06-02T09:36:54","date_gmt":"2026-06-02T02:36:54","guid":{"rendered":"https:\/\/hbbgroup.net\/nhom-nganh-nao-thuong-boi-thu-trong-cac-mua-world-cup\/"},"modified":"2026-06-02T09:36:54","modified_gmt":"2026-06-02T02:36:54","slug":"nhom-nganh-nao-thuong-boi-thu-trong-cac-mua-world-cup","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/nhom-nganh-nao-thuong-boi-thu-trong-cac-mua-world-cup\/","title":{"rendered":"Nh\u00f3m ng\u00e0nh n\u00e0o th\u01b0\u1eddng b\u1ed9i thu trong c\u00e1c m\u00f9a World Cup?"},"content":{"rendered":"

Th\u1ed1ng k\u00ea t\u1eeb MBS, k\u1ef3 World Cup (2022, 2018) th\u01b0\u1eddng mang l\u1ea1i hai t\u00e1c \u0111\u1ed9ng tr\u00e1i chi\u1ec1u: l\u00e0m suy gi\u1ea3m thanh kho\u1ea3n c\u1ee5c b\u1ed9 nh\u01b0ng l\u1ea1i t\u1ea1o ra c\u00fa h\u00edch doanh thu cho m\u1ed9t s\u1ed1 nh\u00f3m ng\u00e0nh. <\/p>\n

<\/figcaption>

Ch\u1ee9ng kho\u00e1n to\u00e0n c\u1ea7u ti\u1ebfp t\u1ee5c l\u1eadp k\u1ef7 l\u1ee5c m\u1edbi, ch\u1ec9 s\u1ed1 ch\u1ee9ng kho\u00e1n MSCI ACWI \u0111o l\u01b0\u1eddng hi\u1ec7u su\u1ea5t c\u1ee7a c\u00e1c th\u1ecb tr\u01b0\u1eddng ph\u00e1t tri\u1ec3n v\u00e0 m\u1edbi n\u1ed5i t\u0103ng +1,6% trong tu\u1ea7n v\u1eeba qua, +11,5% k\u1ec3 t\u1eeb \u0111\u1ea7u n\u0103m (YTD) v\u00e0 cao h\u01a1n th\u1eddi \u0111i\u1ec3m xung \u0111\u1ed9t Trung \u0110\u00f4ng +7%. <\/p>\n

Tr\u00e1i ng\u01b0\u1ee3c v\u1edbi \u201cb\u1eefa ti\u1ec7c\u201d to\u00e0n c\u1ea7u, ch\u1ec9 s\u1ed1 VN-Index kh\u00e9p l\u1ea1i th\u00e1ng 5 b\u1eb1ng tu\u1ea7n gi\u1ea3m th\u1ee9 2 li\u00ean ti\u1ebfp. Ch\u1ed1t th\u00e1ng 5, VN-Index d\u1eebng \u1edf 1.863,49 \u0111i\u1ec3m, gi\u1ea3m -13,64 \u0111i\u1ec3m (-0,73%) d\u01b0\u1edbi \u00e1p l\u1ef1c \u0111i\u1ec1u ch\u1ec9nh t\u1eeb c\u00e1c c\u1ed5 phi\u1ebfu tr\u1ee5. <\/p>\n

Sang th\u00e1ng 6, Ch\u1ee9ng kho\u00e1n MB (MBS) <\/b> nh\u1eadn \u0111\u1ecbnh r\u1eb1ng th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n th\u1ebf gi\u1edbi s\u1ebd kh\u00e1 \u201cb\u1eadn r\u1ed9n\u201d khi h\u00e0ng lo\u1ea1t NHTW h\u1ecdp ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7. Th\u1ecb tr\u01b0\u1eddng s\u1ebd ph\u1ea3i \u0111\u1ed1i m\u1eb7t v\u1edbi m\u1ed9t \u0111\u1ee3t “stress test” khi c\u00e1c Ng\u00e2n h\u00e0ng Trung \u01b0\u01a1ng (NHTW) l\u1edbn nh\u01b0 BOJ v\u00e0 ECB r\u1ee5c r\u1ecbch t\u0103ng l\u00e3i su\u1ea5t. \u0110\u00e1ng ch\u00fa \u00fd, xu h\u01b0\u1edbng th\u1eaft ch\u1eb7t \u0111ang lan r\u1ed9ng kh\u1eafp Ch\u00e2u \u00c1 (\u00dac, Singapore, Philippines v\u00e0 Indonesia l\u00e0 qu\u1ed1c gia th\u1ee9 4 th\u1eaft ch\u1eb7t ch\u00ednh s\u00e1ch), t\u1ea1o \u00e1p l\u1ef1c l\u1edbn l\u00ean chi ph\u00ed v\u1ed1n to\u00e0n khu v\u1ef1c. <\/p>\n

V\u1ec1 TTCK Vi\u1ec7t Nam, nh\u00f3m ph\u00e2n t\u00edch cho bi\u1ebft nh\u1ecbp \u0111i\u1ec1u ch\u1ec9nh 2 tu\u1ea7n v\u1eeba qua c\u1ee7a ch\u1ec9 s\u1ed1 VN-Index di\u1ec5n ra \u1edf v\u00f9ng tr\u0169ng th\u00f4ng tin, tuy v\u1eady b\u1ed1i c\u1ea3nh trong n\u01b0\u1edbc c\u00f3 th\u1ec3 thay \u0111\u1ed5i v\u00e0o cu\u1ed1i tu\u1ea7n t\u1edbi khi lo\u1ea1t th\u00f4ng tin v\u0129 m\u00f4 th\u00e1ng 5 \u0111\u01b0\u1ee3c c\u00f4ng b\u1ed1, b\u00ean c\u1ea1nh t\u00e1c \u0111\u1ed9ng t\u1eeb c\u00e1c s\u1ef1 ki\u00ean b\u00ean ngo\u00e0i nh\u01b0 cu\u1ed9c h\u1ecdp c\u1ee7a c\u00e1c NHTW hay m\u00f9a WorldCup chu\u1ea9n b\u1ecb kh\u1edfi tranh. <\/p>\n

Nh\u00f3m c\u1ed5 phi\u1ebfu h\u01b0\u1edfng l\u1ee3i nh\u1edd c\u00e1c k\u1ef3 \ufeffWorld Cup <\/b> <\/p>\n

Th\u1ed1ng k\u00ea t\u1eeb MBS t\u1ea1i c\u00e1c k\u1ef3 World Cup g\u1ea7n \u0111\u00e2y (2022, 2018) th\u01b0\u1eddng mang l\u1ea1i hai t\u00e1c \u0111\u1ed9ng tr\u00e1i chi\u1ec1u: l\u00e0m suy gi\u1ea3m thanh kho\u1ea3n c\u1ee5c b\u1ed9 do s\u1ef1 ph\u00e2n t\u00e1n ch\u00fa \u00fd c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n, nh\u01b0ng \u0111\u1ed3ng th\u1eddi t\u1ea1o ra c\u00fa h\u00edch doanh thu \u0111\u1ed9t bi\u1ebfn cho m\u1ed9t s\u1ed1 nh\u00f3m ng\u00e0nh b\u00e1n l\u1ebb v\u00e0 ti\u00eau d\u00f9ng thi\u1ebft y\u1ebfu <\/b> <\/i> . <\/p>\n

C\u1ee5 th\u1ec3, d\u1eef li\u1ec7u t\u1ed5ng h\u1ee3p t\u1eeb c\u00e1c chu k\u1ef3 2014, 2018 v\u00e0 2022 cho th\u1ea5y m\u1ed9t m\u1eabu h\u00ecnh l\u1eb7p l\u1ea1i: thanh kho\u1ea3n c\u00f3 xu h\u01b0\u1edbng s\u1ee5t gi\u1ea3m (-12% trong s\u1ef1 ki\u1ec7n). Trong khi th\u1ecb tr\u01b0\u1eddng chung c\u00f3 th\u1ec3 \u1ea3m \u0111\u1ea1m, d\u00f2ng ti\u1ec1n th\u00f4ng minh th\u01b0\u1eddng t\u00ecm \u0111\u1ebfn c\u00e1c nh\u00f3m ng\u00e0nh h\u01b0\u1edfng l\u1ee3i tr\u1ef1c ti\u1ebfp t\u1eeb h\u00e0nh vi ti\u00eau d\u00f9ng m\u00f9a b\u00f3ng \u0111\u00e1: doanh s\u1ed1 TV& \u0110i\u1ec7n m\u00e1y t\u0103ng +18% (tr\u01b0\u1edbc s\u1ef1 ki\u1ec7n), t\u0103ng tr\u01b0\u1edfng ng\u00e0nh F&B (+8-10%, trong s\u1ef1 ki\u1ec7n). <\/p>\n

Theo th\u1ed1ng k\u00ea t\u1eeb c\u00e1c m\u00f9a c\u00f3 s\u1ef1 ki\u1ec7n WorldCup g\u1ea7n \u0111\u00e2y, thanh kho\u1ea3n gi\u1ea3m d\u1ea7n v\u00e0 t\u1ea1o \u0111\u00e1y \u1edf tu\u1ea7n th\u1ee9 2 sau khi khai m\u1ea1c. Trong b\u1ed1i c\u1ea3nh c\u00e1c t\u00edn hi\u00eau k\u1ef9 thu\u1eadt \u0111ang b\u1ea5t l\u1ee3i cho VN-Index, th\u1ecb tr\u01b0\u1eddng c\u1ea7n th\u1eddi gian \u0111\u1ec3 t\u1ea1o v\u00f9ng c\u00e2n b\u1eb1ng m\u1edbi, qua \u0111\u00f3 thu h\u00fat d\u00f2ng ti\u1ec1n quay tr\u1edf l\u1ea1i. <\/p>\n

VN-Index c\u00f3 th\u1ec3 \u0111i\u1ec1u ch\u1ec9nh xu\u1ed1ng v\u00f9ng 1.800 \u0111i\u1ec3m, c\u1ea7n th\u1eadn tr\u1ecdng v\u00e0 ki\u00ean nh\u1eabn\ufeff <\/b> <\/p>\n

T\u1ed5ng quan, MBS \u0111\u00e1nh gi\u00e1 th\u1ecb tr\u01b0\u1eddng v\u1eabn g\u1eb7p kh\u00f3 kh\u0103n \u1edf tu\u1ea7n \u0111\u1ea7u th\u00e1ng 6, c\u00e1c y\u1ebfu t\u1ed1 \u0111ang chi ph\u1ed1i nh\u1ecbp \u0111i\u1ec1u ch\u1ec9nh v\u1eabn ch\u01b0a thay \u0111\u1ed5i, bao g\u1ed3m: 1) S\u1ef1 suy y\u1ebfu t\u1eeb nh\u00f3m c\u1ed5 phi\u1ebfu tr\u1ee5, 2) \u00c1p l\u1ef1c b\u00e1n r\u00f2ng t\u1eeb kh\u1ed1i ngo\u1ea1i, 3) Xu h\u01b0\u1edbng t\u0103ng l\u00e3i su\u1ea5t t\u1eeb c\u00e1c NHTW Ch\u00e2u \u00c1 v\u00e0 4) d\u00f2ng ti\u1ec1n th\u1eadn tr\u1ecdng \u1edf v\u00f9ng tr\u0169ng th\u00f4ng tin h\u1ed7 tr\u1ee3. <\/p>\n

V\u1ec1 k\u1ef9 thu\u1eadt, ch\u1ec9 s\u1ed1 VN-Index v\u1eabn \u0111ang n\u1eb1m tr\u00ean c\u00e1c \u0111\u01b0\u1eddng trung b\u00ecnh trung v\u00e0 d\u00e0i h\u1ea1n (MA50, MA100, MA200), tuy v\u1eady xu h\u01b0\u1edbng ng\u1eafn h\u1ea1n \u0111ang g\u1eb7p b\u1ea5t l\u1ee3i t\u1eeb c\u00e1c m\u1eabu h\u00ecnh c\u0169ng nh\u01b0 t\u00edn hi\u1ec7u k\u1ef9 thu\u1eadt sau 2 tu\u1ea7n \u0111i\u1ec1u ch\u1ec9nh li\u00ean ti\u1ebfp t\u1eeb v\u00f9ng \u0111\u1ec9nh. \u00c1p l\u1ef1c \u0111i\u1ec1u ch\u1ec9nh c\u1ea3 v\u1ec1 ch\u1ec9 s\u1ed1 v\u00e0 thanh kho\u1ea3n, trong \u0111\u00f3 \u0111\u00e1ng ch\u00fa \u00fd l\u00e0 m\u1ee9c s\u1ee5t gi\u1ea3m thanh kho\u1ea3n \u0111\u00e3 v\u1ec1 m\u1ee9c th\u1ea5p nh\u1ea5t trong v\u00f2ng 1 n\u0103m. <\/p>\n

“V\u1edbi vi\u1ec7c VN-Index \u0111ang \u1edf v\u00f9ng \u0111\u1ec9nh v\u00e0 vi\u1ec7c thanh kho\u1ea3n s\u1ee5t nhanh, k\u1ecbch b\u1ea3n th\u1ecb tr\u01b0\u1eddng m\u1edf bi\u00ean \u0111\u1ed9 dao \u0111\u1ed9ng xu\u1ed1ng ph\u00eda d\u01b0\u1edbi \u0111\u1ec3 t\u00ecm ki\u1ebfm l\u1ef1c c\u1ea7u c\u00f3 kh\u1ea3 n\u0103ng x\u1ea3y ra \u1edf tu\u1ea7n t\u1edbi. V\u00f9ng h\u1ed7 tr\u1ee3 cho VN-Index trong k\u1ecbch b\u1ea3n th\u1ecb tr\u01b0\u1eddng \u0111i\u1ec1u ch\u1ec9nh \u1edf khu v\u1ef1c 1.800 \u0111i\u1ec3m<\/i>“, b\u00e1o c\u00e1o n\u00eau r\u00f5. <\/p>\n

Li\u00ean quan t\u1edbi chi\u1ebfn l\u01b0\u1ee3c giao d\u1ecbch trong b\u1ed1i c\u1ea3nh nhi\u1ec1u y\u1ebfu t\u1ed1 kh\u00f3 l\u01b0\u1eddng, b\u1ed9 ph\u1eadn ph\u00e2n t\u00edch MBS nh\u1ea5n m\u1ea1nh “th\u1eadn tr\u1ecdng v\u00e0 ki\u00ean nh\u1eabn” l\u00e0 t\u1eeb kh\u00f3a ch\u1ee7 ch\u1ed1t cho th\u00e1ng 6. Ch\u1ee7 \u0111\u1ed9ng ch\u1ed1t l\u1eddi t\u1eebng ph\u1ea7n (t\u00e0i tr\u1ee3 r\u1ee7i ro) \u0111\u1ec3 \u0111\u01b0a danh m\u1ee5c v\u1ec1 tr\u1ea1ng th\u00e1i an to\u00e0n. Duy tr\u00ec t\u1ef7 tr\u1ecdng ti\u1ec1n m\u1eb7t cao \u0111\u1ec3 s\u1eb5n s\u00e0ng gi\u1ea3i ng\u00e2n khi th\u1ecb tr\u01b0\u1eddng chi\u1ebft kh\u1ea5u v\u1ec1 v\u00f9ng gi\u00e1 h\u1ea5p d\u1eabn. <\/p>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

Th\u1ed1ng k\u00ea t\u1eeb MBS, k\u1ef3 World Cup (2022, 2018) th\u01b0\u1eddng mang l\u1ea1i hai t\u00e1c \u0111\u1ed9ng tr\u00e1i chi\u1ec1u: l\u00e0m suy gi\u1ea3m […]<\/p>","protected":false},"author":5,"featured_media":84201,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[221],"tags":[],"class_list":["post-84199","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\/84199","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=84199"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/84199\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media\/84201"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media?parent=84199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/categories?post=84199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/tags?post=84199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}