D\u00f9 ch\u1ec9 s\u1ed1 VN-Index<\/a> \u0111\u00e3 ph\u1ee5c h\u1ed3i m\u1ea1nh l\u00ean v\u00f9ng 1.323 \u0111i\u1ec3m v\u00e0o ng\u00e0y 21\/5, nhi\u1ec1u qu\u1ef9 m\u1edf c\u1ed5 phi\u1ebfu<\/strong> v\u1eabn ghi nh\u1eadn hi\u1ec7u su\u1ea5t \u00e2m, trong \u0111\u00f3 c\u00f3 qu\u1ef9 thua l\u1ed7 g\u1ea7n 10% k\u1ec3 t\u1eeb \u0111\u1ea7u n\u0103m 2025. \u0110\u00e2y l\u00e0 ngh\u1ecbch l\u00fd khi\u1ebfn kh\u00f4ng \u00edt nh\u00e0 \u0111\u1ea7u t\u01b0 b\u0103n kho\u0103n khi th\u1ecb tr\u01b0\u1eddng chung t\u0103ng tr\u01b0\u1edfng 4,44% nh\u01b0ng danh m\u1ee5c qu\u1ef9 l\u1ea1i \u0111i ng\u01b0\u1ee3c chi\u1ec1u.<\/p>\n Theo d\u1eef li\u1ec7u t\u1eeb n\u1ec1n t\u1ea3ng Fmarket, hi\u1ec7n c\u00f3 t\u1edbi 20 qu\u1ef9 m\u1edf c\u1ed5 phi\u1ebfu<\/strong> \u0111ang trong t\u00ecnh tr\u1ea1ng thua l\u1ed7. M\u1ed9t s\u1ed1 qu\u1ef9 t\u1eebng c\u00f3 th\u00e0nh t\u00edch t\u1ed1t tr\u01b0\u1edbc \u0111\u00e2y l\u1ea1i n\u1eb1m cu\u1ed1i b\u1ea3ng x\u1ebfp h\u1ea1ng hi\u1ec7u su\u1ea5t hi\u1ec7n t\u1ea1i. C\u00f3 qu\u1ef9 ghi nh\u1eadn m\u1ee9c \u00e2m hai ch\u1eef s\u1ed1 v\u1ec1 gi\u00e1 tr\u1ecb t\u00e0i s\u1ea3n r\u00f2ng (NAV).<\/p>\n \u00d4ng \u0110inh \u0110\u1ee9c Minh, Gi\u00e1m \u0111\u1ed1c \u0111\u1ea7u t\u01b0 c\u1ea5p cao t\u1ea1i VinaCapital, cho bi\u1ebft hi\u1ec7u su\u1ea5t ng\u1eafn h\u1ea1n ch\u01b0a ph\u1ea3n \u00e1nh h\u1ebft chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 d\u00e0i h\u1ea1n. C\u00e1c qu\u1ef9 m\u1edf c\u1ed5 phi\u1ebfu<\/strong> th\u01b0\u1eddng mua v\u00e0o c\u00e1c doanh nghi\u1ec7p ch\u1ea5t l\u01b0\u1ee3ng \u1edf th\u1eddi \u0111i\u1ec3m \u00edt ai \u0111\u1ec3 \u00fd nh\u1eb1m h\u01b0\u1edfng m\u1ee9c \u0111\u1ecbnh gi\u00e1 h\u1ea5p d\u1eabn. Trong khi \u0111\u00f3, th\u1ecb tr\u01b0\u1eddng l\u1ea1i b\u1ecb chi ph\u1ed1i b\u1edfi tin t\u1ee9c v\u00e0 k\u1ef3 v\u1ecdng ng\u1eafn h\u1ea1n, d\u1eabn \u0111\u1ebfn hi\u1ec7u su\u1ea5t qu\u1ef9 \u0111\u00f4i khi t\u1ee5t h\u1eadu so v\u1edbi ch\u1ec9 s\u1ed1.<\/p>\n \u00d4ng Minh c\u0169ng nh\u1ea5n m\u1ea1nh t\u1ea7m quan tr\u1ecdng c\u1ee7a vi\u1ec7c qu\u1ea3n tr\u1ecb r\u1ee7i ro trong chi\u1ebfn l\u01b0\u1ee3c c\u1ee7a c\u00e1c qu\u1ef9 m\u1edf c\u1ed5 phi\u1ebfu<\/strong>. Nh\u1eefng c\u1ed5 phi\u1ebfu c\u00f3 \u0111\u1ecbnh gi\u00e1 cao, r\u1ee7i ro t\u00e0i ch\u00ednh, ho\u1eb7c kh\u00f4ng \u0111\u00e1p \u1ee9ng ti\u00eau ch\u00ed \u0111\u1ea7u t\u01b0 b\u1ec1n v\u1eefng th\u01b0\u1eddng b\u1ecb lo\u1ea1i kh\u1ecfi danh m\u1ee5c, d\u00f9 c\u00f3 th\u1ec3 t\u0103ng n\u00f3ng trong ng\u1eafn h\u1ea1n.<\/p>\n \u0110\u1ea1i di\u1ec7n VinaCapital ph\u00e2n t\u00edch th\u00eam r\u1eb1ng ch\u00ednh s\u00e1ch thu\u1ebf \u0111\u1ed1i \u1ee9ng c\u1ee7a M\u1ef9, \u0111\u1eb7c bi\u1ec7t v\u1edbi c\u00e1c m\u1eb7t h\u00e0ng t\u1eeb Vi\u1ec7t Nam, \u0111\u00e3 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn t\u00e2m l\u00fd nh\u00e0 \u0111\u1ea7u t\u01b0 v\u00e0 khi\u1ebfn m\u1ed9t s\u1ed1 c\u1ed5 phi\u1ebfu b\u1ecb b\u00e1n th\u00e1o. M\u1ed9t s\u1ed1 m\u00e3 c\u00f3 m\u1ee9c gi\u1ea3m s\u00e2u h\u01a1n gi\u00e1 tr\u1ecb th\u1ef1c. \u0110i\u1ec1u n\u00e0y gi\u00e1n ti\u1ebfp khi\u1ebfn hi\u1ec7u su\u1ea5t c\u1ee7a nhi\u1ec1u qu\u1ef9 m\u1edf c\u1ed5 phi\u1ebfu<\/strong> b\u1ecb \u1ea3nh h\u01b0\u1edfng ti\u00eau c\u1ef1c.<\/p>\n Ph\u1ea7n l\u1edbn c\u00e1c qu\u1ef9 m\u1edf c\u1ed5 phi\u1ebfu<\/strong> v\u1eabn gi\u1eef t\u1ef7 tr\u1ecdng cao trong ng\u00e0nh ng\u00e2n h\u00e0ng, v\u1edbi t\u1ef7 l\u1ec7 trung b\u00ecnh g\u1ea7n 34%. Nhi\u1ec1u qu\u1ef9 nh\u01b0 MAGEF, MBVF, UVEEF hay DCAF n\u1eafm gi\u1eef t\u1ef7 tr\u1ecdng ng\u00e2n h\u00e0ng l\u00ean t\u1edbi h\u01a1n 40%. C\u00e1c m\u00e3 ph\u1ed5 bi\u1ebfn g\u1ed3m MBB, TCB, CTG, ACB, VIB.<\/p>\n Tuy nhi\u00ean, l\u1ee3i nhu\u1eadn qu\u00fd I c\u1ee7a c\u00e1c ng\u00e2n h\u00e0ng kh\u00f4ng \u0111\u1ea1t k\u1ef3 v\u1ecdng khi\u1ebfn hi\u1ec7u su\u1ea5t nh\u00f3m n\u00e0y b\u1ecb ph\u00e2n h\u00f3a. D\u00f9 v\u1eady, v\u1edbi \u0111\u1ecbnh gi\u00e1 th\u1ea5p v\u00e0 ch\u00ednh s\u00e1ch h\u1ed7 tr\u1ee3 t\u00edn d\u1ee5ng t\u1eeb Ch\u00ednh ph\u1ee7, ng\u00e0nh ng\u00e2n h\u00e0ng v\u1eabn c\u00f3 nhi\u1ec1u m\u00e3 ghi nh\u1eadn t\u0103ng tr\u01b0\u1edfng nh\u01b0 MBB, STB hay TCB.<\/p>\n Theo chuy\u00ean gia t\u1eeb FinSuccess, m\u00e3 FPT \u2013 chi\u1ebfm 5-10% trong danh m\u1ee5c nhi\u1ec1u qu\u1ef9 m\u1edf c\u1ed5 phi\u1ebfu<\/strong> \u2013 \u0111\u00e3 gi\u1ea3m m\u1ea1nh do t\u00e1c \u0111\u1ed9ng thu\u1ebf v\u00e0 \u0111i\u1ec1u ch\u1ec9nh k\u1ef9 thu\u1eadt. \u0110i\u1ec1u n\u00e0y \u1ea3nh h\u01b0\u1edfng \u0111\u00e1ng k\u1ec3 \u0111\u1ebfn hi\u1ec7u su\u1ea5t qu\u1ef9, m\u1eb7c d\u00f9 c\u1ed5 phi\u1ebfu ng\u00e2n h\u00e0ng v\u1eabn t\u0103ng tr\u01b0\u1edfng.<\/p>\n D\u00f9 nhi\u1ec1u qu\u1ef9 m\u1edf c\u1ed5 phi\u1ebfu<\/strong> thua l\u1ed7 trong ng\u1eafn h\u1ea1n, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n v\u1eabn ki\u00ean \u0111\u1ecbnh. Trong qu\u00fd I\/2025, c\u00e1c qu\u1ef9 n\u00e0y thu h\u00fat th\u00eam 700 t\u1ef7 \u0111\u1ed3ng. S\u1ed1 li\u1ec7u t\u1eeb Fmarket cho th\u1ea5y s\u1ef1 t\u0103ng mua ch\u1ee9ng ch\u1ec9 qu\u1ef9 tr\u1edf l\u1ea1i sau \u0111\u1ee3t b\u00e1n th\u00e1o gi\u1eefa th\u00e1ng 4, ph\u1ea3n \u00e1nh t\u00e2m l\u00fd \u0111\u1ea7u t\u01b0 d\u00e0i h\u1ea1n v\u00e0 ni\u1ec1m tin v\u00e0o ph\u01b0\u01a1ng ph\u00e1p qu\u1ea3n l\u00fd chuy\u00ean nghi\u1ec7p.<\/p>\n L\u1ecbch s\u1eed c\u0169ng cho th\u1ea5y \u0111\u1ea7u t\u01b0 v\u00e0o qu\u1ef9 m\u1edf c\u1ed5 phi\u1ebfu<\/strong> d\u00e0i h\u1ea1n gi\u00fap gi\u1ea3m r\u1ee7i ro v\u00e0 t\u0103ng kh\u1ea3 n\u0103ng sinh l\u1eddi. Trong 5 n\u0103m qua, nhi\u1ec1u qu\u1ef9 nh\u01b0 VESAF, SSISCA, VEOF hay VCBF-BCF \u0111\u1ea1t hi\u1ec7u su\u1ea5t v\u01b0\u1ee3t xa VN-Index.<\/p>\n D\u00f9 s\u1ed1 \u0111\u00f4ng thua l\u1ed7, v\u1eabn c\u00f3 4 qu\u1ef9 m\u1edf c\u1ed5 phi\u1ebfu<\/strong> \u0111\u1ea1t hi\u1ec7u su\u1ea5t d\u01b0\u01a1ng k\u1ec3 t\u1eeb \u0111\u1ea7u n\u0103m:<\/p>\n \u00d4ng V\u00f5 Trung C\u01b0\u01a1ng, Ph\u00f3 t\u1ed5ng gi\u00e1m \u0111\u1ed1c TCAM, cho bi\u1ebft vi\u1ec7c duy tr\u00ec t\u1ef7 tr\u1ecdng ti\u1ec1n m\u1eb7t cao tr\u01b0\u1edbc nh\u1eefng bi\u1ebfn \u0111\u1ed9ng \u0111\u00e3 gi\u00fap qu\u1ef9 ph\u00f2ng th\u1ee7 t\u1ed1t v\u00e0 s\u1eb5n s\u00e0ng gi\u1ea3i ng\u00e2n khi th\u1ecb tr\u01b0\u1eddng r\u1ebb h\u01a1n. \u0110\u00e2y l\u00e0 chi\u1ebfn l\u01b0\u1ee3c quan tr\u1ecdng \u0111\u1ec3 b\u1ea3o v\u1ec7 v\u00e0 t\u0103ng tr\u01b0\u1edfng t\u00e0i s\u1ea3n d\u00e0i h\u1ea1n.<\/p>\n Th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam c\u00f3 th\u1ec3 bi\u1ebfn \u0111\u1ed9ng trong ng\u1eafn h\u1ea1n, nh\u01b0ng \u0111\u1ea7u t\u01b0 v\u00e0o qu\u1ef9 m\u1edf c\u1ed5 phi\u1ebfu<\/strong> v\u1eabn l\u00e0 chi\u1ebfn l\u01b0\u1ee3c ph\u00f9 h\u1ee3p v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 d\u00e0i h\u1ea1n. Vi\u1ec7c ch\u1ecdn l\u1ecdc qu\u1ef9 \u0111\u1ea7u t\u01b0 b\u00e0i b\u1ea3n, c\u00f3 chi\u1ebfn l\u01b0\u1ee3c qu\u1ea3n tr\u1ecb r\u1ee7i ro r\u00f5 r\u00e0ng v\u00e0 ph\u00e2n b\u1ed5 t\u00e0i s\u1ea3n h\u1ee3p l\u00fd s\u1ebd gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 v\u01b0\u1ee3t qua giai \u0111o\u1ea1n kh\u00f3 kh\u0103n hi\u1ec7n t\u1ea1i v\u00e0 h\u01b0\u1edbng t\u1edbi t\u0103ng tr\u01b0\u1edfng b\u1ec1n v\u1eefng.<\/p>\n Tin Hot:<\/strong><\/p>\n \u0110\u1ee9c Huy<\/strong><\/p>","protected":false},"excerpt":{"rendered":" Hi\u1ec7u su\u1ea5t qu\u1ef9 m\u1edf c\u1ed5 phi\u1ebfu kh\u00f4ng theo k\u1ecbp VN-Index D\u00f9 ch\u1ec9 s\u1ed1 VN-Index \u0111\u00e3 ph\u1ee5c h\u1ed3i m\u1ea1nh l\u00ean v\u00f9ng 1.323 \u0111i\u1ec3m v\u00e0o ng\u00e0y 21\/5, nhi\u1ec1u qu\u1ef9 m\u1edf c\u1ed5 phi\u1ebfu v\u1eabn ghi nh\u1eadn hi\u1ec7u su\u1ea5t \u00e2m, trong \u0111\u00f3 c\u00f3 qu\u1ef9 thua l\u1ed7 g\u1ea7n 10% k\u1ec3 t\u1eeb \u0111\u1ea7u n\u0103m 2025. \u0110\u00e2y l\u00e0 ngh\u1ecbch l\u00fd khi\u1ebfn kh\u00f4ng […]<\/p>","protected":false},"author":63,"featured_media":25828,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jnews-multi-image_gallery":[],"jnews_single_post":{"subtitle":"","format":"standard","override":[{"template":"1","parallax":"1","layout":"right-sidebar-narrow","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","post_calculate_word_method":"str_word_count","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"1","show_author_box":"0","show_post_related":"0"}],"image_override":[{"single_post_thumbnail_size":"no-crop","single_post_gallery_size":"crop-715"}],"trending_post_position":"meta","trending_post_label":"Trending","sponsored_post_label":"Sponsored by","disable_ad":"0"},"jnews_primary_category":[],"footnotes":""},"categories":[149],"tags":[],"class_list":["post-27336","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tin-tuc"],"acf":[],"_links":{"self":[{"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/posts\/27336","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/users\/63"}],"replies":[{"embeddable":true,"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/comments?post=27336"}],"version-history":[{"count":0,"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/posts\/27336\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/media\/25828"}],"wp:attachment":[{"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/media?parent=27336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/categories?post=27336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/tags?post=27336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Gi\u1ea3i th\u00edch t\u1eeb chuy\u00ean gia \u0111\u1ea7u t\u01b0<\/h2>\n
T\u00e1c \u0111\u1ed9ng t\u1eeb ch\u00ednh s\u00e1ch thu\u1ebf c\u1ee7a M\u1ef9<\/h2>\n
Ng\u00e2n h\u00e0ng v\u1eabn l\u00e0 nh\u00f3m ng\u00e0nh ch\u1ee7 l\u1ef1c<\/h2>\n
L\u00fd do FPT \u1ea3nh h\u01b0\u1edfng ti\u00eau c\u1ef1c t\u1edbi hi\u1ec7u su\u1ea5t qu\u1ef9<\/h2>\n
Nh\u00e0 \u0111\u1ea7u t\u01b0 v\u1eabn tin t\u01b0\u1edfng d\u00e0i h\u1ea1n<\/h2>\n
Nh\u1eefng qu\u1ef9 m\u1edf c\u1ed5 phi\u1ebfu v\u1eabn l\u00e3i trong n\u0103m 2025<\/h2>\n
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K\u1ebft lu\u1eadn<\/h2>\n
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