{"id":1597,"date":"2025-09-27T21:51:18","date_gmt":"2025-09-27T14:51:18","guid":{"rendered":"https:\/\/ckvn.net\/chung-khoan\/?p=1597"},"modified":"2025-09-28T18:42:43","modified_gmt":"2025-09-28T11:42:43","slug":"viet-nam-can-ke-dich-nang-hang-thi-truong-ftse-russell-nhung-co-phieu-nao-duoc-dong-von-ty-dola-lua-chon","status":"publish","type":"post","link":"https:\/\/ckvn.net\/chung-khoan\/tin-tuc\/viet-nam\/viet-nam-can-ke-dich-nang-hang-thi-truong-ftse-russell-nhung-co-phieu-nao-duoc-dong-von-ty-dola-lua-chon\/","title":{"rendered":"Vi\u1ec7t Nam C\u1eadn K\u1ec1 \u0110\u00edch N\u00e2ng H\u1ea1ng Th\u1ecb Tr\u01b0\u1eddng Ftse Russell: Nh\u1eefng C\u1ed5 Phi\u1ebfu N\u00e0o \u0110\u01b0\u1ee3c D\u00f2ng V\u1ed1n T\u1ef7 \u0110\u00f4la L\u1ef1a Ch\u1ecdn?"},"content":{"rendered":"\n<p>Ng\u00e0y 7\/10\/2025&nbsp;s\u1ebd l\u00e0 m\u1ed9t ng\u00e0y quan tr\u1ecdng \u0111\u1ed1i v\u1edbi th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam khi&nbsp;FTSE Russell&nbsp;c\u00f4ng b\u1ed1 k\u1ebft qu\u1ea3 x\u1ebfp h\u1ea1ng th\u1ecb tr\u01b0\u1eddng th\u00e1ng 9\/2025. Theo HSC, nh\u1edd nh\u1eefng c\u1ea3i c\u00e1ch ph\u00e1p l\u00fd v\u00e0 h\u1ea1 t\u1ea7ng quy\u1ebft li\u1ec7t g\u1ea7n \u0111\u00e2y, Vi\u1ec7t Nam \u0111ang ti\u1ebfn g\u1ea7n h\u01a1n bao gi\u1edd h\u1ebft t\u1edbi kh\u1ea3 n\u0103ng \u0111\u01b0\u1ee3c n\u00e2ng h\u1ea1ng t\u1eeb&nbsp;Th\u1ecb tr\u01b0\u1eddng C\u1eadn bi\u00ean (Frontier Market)&nbsp;l\u00ean&nbsp;Th\u1ecb tr\u01b0\u1eddng M\u1edbi n\u1ed5i (Emerging Market). \u0110\u00e2y \u0111\u01b0\u1ee3c coi l\u00e0 b\u01b0\u1edbc ngo\u1eb7t chi\u1ebfn l\u01b0\u1ee3c, h\u1ee9a h\u1eb9n thu h\u00fat d\u00f2ng v\u1ed1n \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i th\u1ee5 \u0111\u1ed9ng v\u00e0 ch\u1ee7 \u0111\u1ed9ng v\u1edbi quy m\u00f4 l\u1edbn.<\/p>\n\n\n\n<p>Vi\u1ec7t Nam ti\u1ebfn g\u1ea7n n\u00e2ng h\u1ea1ng l\u00ean Th\u1ecb tr\u01b0\u1eddng M\u1edbi n\u1ed5i: Nh\u1edd c\u1ea3i c\u00e1ch ph\u00e1p l\u00fd m\u1ea1nh m\u1ebd nh\u01b0 lo\u1ea1i b\u1ecf y\u00eau c\u1ea7u n\u1ed9p ti\u1ec1n tr\u01b0\u1edbc, \u0111\u01a1n gi\u1ea3n h\u00f3a th\u1ee7 t\u1ee5c cho nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i v\u00e0 tri\u1ec3n khai h\u1ec7 th\u1ed1ng KRX, Vi\u1ec7t Nam g\u1ea7n nh\u01b0 \u0111\u00e1p \u1ee9ng to\u00e0n b\u1ed9 ti\u00eau ch\u00ed n\u00e2ng h\u1ea1ng c\u1ee7a FTSE Russell.<\/p>\n\n\n\n<p>D\u00f2ng v\u1ed1n ngo\u1ea1i d\u1ef1 ki\u1ebfn \u0111\u1ed5 v\u00e0o m\u1ea1nh m\u1ebd: N\u1ebfu \u0111\u01b0\u1ee3c n\u00e2ng h\u1ea1ng, Vi\u1ec7t Nam c\u00f3 th\u1ec3 thu h\u00fat 0.6\u20130.8 t\u1ef7 USD t\u1eeb qu\u1ef9 th\u1ee5 \u0111\u1ed9ng v\u00e0 3.6\u20134.8 t\u1ef7 USD t\u1eeb qu\u1ef9 ch\u1ee7 \u0111\u1ed9ng, t\u1ed5ng c\u1ed9ng kho\u1ea3ng 4.2\u20135.6 t\u1ef7 USD.<\/p>\n\n\n\n<p>Danh s\u00e1ch c\u1ed5 phi\u1ebfu ti\u1ec1m n\u0103ng v\u00e0 tri\u1ec3n v\u1ecdng d\u00e0i h\u1ea1n: HSC d\u1ef1 b\u00e1o 16 c\u1ed5 phi\u1ebfu v\u1ed1n h\u00f3a l\u1edbn, thanh kho\u1ea3n cao s\u1ebd \u0111\u01b0\u1ee3c th\u00eam v\u00e0o c\u00e1c qu\u1ef9 th\u1ee5 \u0111\u1ed9ng. Vi\u1ec7c n\u00e2ng h\u1ea1ng h\u1ee9a h\u1eb9n c\u1ea3i thi\u1ec7n \u0111\u1ecbnh gi\u00e1, thanh kho\u1ea3n v\u00e0 v\u1ecb th\u1ebf th\u1ecb tr\u01b0\u1eddng Vi\u1ec7t Nam tr\u00ean b\u1ea3n \u0111\u1ed3 t\u00e0i ch\u00ednh to\u00e0n c\u1ea7u.<\/p>\n\n\n\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" loading=\"lazy\" width=\"722\" height=\"793\" src=\"https:\/\/ckvn.net\/chung-khoan\/wp-content\/uploads\/2025\/09\/nang-hang-1.png\" alt=\"\" class=\"wp-image-1598\" srcset=\"https:\/\/ckvn.net\/chung-khoan\/wp-content\/uploads\/2025\/09\/nang-hang-1.png 722w, https:\/\/ckvn.net\/chung-khoan\/wp-content\/uploads\/2025\/09\/nang-hang-1-273x300.png 273w\" sizes=\"(max-width: 722px) 100vw, 722px\" \/><\/figure><\/div>\n\n\n<p><\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_53 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >N\u1ed9i dung<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\" role=\"button\"><label for=\"item-6a325ae55a7e0\" ><span class=\"\"><span style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 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href=\"https:\/\/ckvn.net\/chung-khoan\/tin-tuc\/viet-nam\/viet-nam-can-ke-dich-nang-hang-thi-truong-ftse-russell-nhung-co-phieu-nao-duoc-dong-von-ty-dola-lua-chon\/#Cac_Tieu_chi_Can_Theo_doi_Them\" title=\"C\u00e1c Ti\u00eau ch\u00ed C\u1ea7n Theo d\u00f5i Th\u00eam\">C\u00e1c Ti\u00eau ch\u00ed C\u1ea7n Theo d\u00f5i Th\u00eam<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/ckvn.net\/chung-khoan\/tin-tuc\/viet-nam\/viet-nam-can-ke-dich-nang-hang-thi-truong-ftse-russell-nhung-co-phieu-nao-duoc-dong-von-ty-dola-lua-chon\/#Uoc_tinh_Dong_von_va_Cac_Co_phieu_Tiem_nang\" title=\"\u01af\u1edbc t\u00ednh D\u00f2ng v\u1ed1n v\u00e0 C\u00e1c C\u1ed5 phi\u1ebfu Ti\u1ec1m n\u0103ng\">\u01af\u1edbc t\u00ednh D\u00f2ng v\u1ed1n v\u00e0 C\u00e1c C\u1ed5 phi\u1ebfu Ti\u1ec1m n\u0103ng<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/ckvn.net\/chung-khoan\/tin-tuc\/viet-nam\/viet-nam-can-ke-dich-nang-hang-thi-truong-ftse-russell-nhung-co-phieu-nao-duoc-dong-von-ty-dola-lua-chon\/#Danh_sach_Ung_vien_Co_phieu_Tiem_nang\" title=\"Danh s\u00e1ch \u1ee8ng vi\u00ean C\u1ed5 phi\u1ebfu Ti\u1ec1m n\u0103ng\">Danh s\u00e1ch \u1ee8ng vi\u00ean C\u1ed5 phi\u1ebfu Ti\u1ec1m n\u0103ng<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/ckvn.net\/chung-khoan\/tin-tuc\/viet-nam\/viet-nam-can-ke-dich-nang-hang-thi-truong-ftse-russell-nhung-co-phieu-nao-duoc-dong-von-ty-dola-lua-chon\/#Bai_hoc_Lich_su_va_Trien_vong_Dai_han\" title=\"B\u00e0i h\u1ecdc L\u1ecbch s\u1eed v\u00e0 Tri\u1ec3n v\u1ecdng D\u00e0i h\u1ea1n\">B\u00e0i h\u1ecdc L\u1ecbch s\u1eed v\u00e0 Tri\u1ec3n v\u1ecdng D\u00e0i h\u1ea1n<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/ckvn.net\/chung-khoan\/tin-tuc\/viet-nam\/viet-nam-can-ke-dich-nang-hang-thi-truong-ftse-russell-nhung-co-phieu-nao-duoc-dong-von-ty-dola-lua-chon\/#Dinh_huong_Phat_trien_sau_Nang_hang\" title=\"\u0110\u1ecbnh h\u01b0\u1edbng Ph\u00e1t tri\u1ec3n sau N\u00e2ng h\u1ea1ng\">\u0110\u1ecbnh h\u01b0\u1edbng Ph\u00e1t tri\u1ec3n sau N\u00e2ng h\u1ea1ng<\/a><\/li><\/ul><\/nav><\/div>\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Tien_do_Cai_cach_va_Nhung_Rao_Can_Cuoi_Cung\"><\/span><strong>Ti\u1ebfn \u0111\u1ed9 C\u1ea3i c\u00e1ch v\u00e0 Nh\u1eefng R\u00e0o C\u1ea3n Cu\u1ed1i C\u00f9ng<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Vi\u1ec7t Nam \u0111\u00e3 n\u1eb1m trong&nbsp;Danh s\u00e1ch theo d\u00f5i (Watch List)&nbsp;c\u1ee7a FTSE Russell \u0111\u1ec3 xem x\u00e9t n\u00e2ng h\u1ea1ng t\u1eeb th\u00e1ng 9\/2018. M\u1eb7c d\u00f9 Vi\u1ec7t Nam g\u1ea7n nh\u01b0 \u0111\u00e3 \u0111\u00e1p \u1ee9ng to\u00e0n b\u1ed9 c\u00e1c ti\u00eau ch\u00ed, hai v\u1ea5n \u0111\u1ec1 ch\u00ednh v\u1eabn \u0111\u01b0\u1ee3c FTSE Russell x\u1ebfp lo\u1ea1i&nbsp;\u201cH\u1ea1n ch\u1ebf\u201d&nbsp;trong \u0111\u1ee3t review gi\u1eefa k\u1ef3 th\u00e1ng 3\/2025 l\u00e0:&nbsp;Chu k\u1ef3 thanh to\u00e1n (DvP)&nbsp;v\u00e0&nbsp;chi ph\u00ed x\u1eed l\u00fd giao d\u1ecbch th\u1ea5t b\u1ea1i.<\/p>\n\n\n\n<p>Ch\u00ednh ph\u1ee7 Vi\u1ec7t Nam \u0111\u00e3 th\u1ec3 hi\u1ec7n quy\u1ebft t\u00e2m ch\u00ednh tr\u1ecb r\u1ea5t m\u1ea1nh m\u1ebd, \u0111\u01b0\u1ee3c c\u1ee5 th\u1ec3 h\u00f3a b\u1eb1ng h\u00e0ng lo\u1ea1t Th\u00f4ng t\u01b0 v\u00e0 Ngh\u1ecb \u0111\u1ecbnh quan tr\u1ecdng:<\/p>\n\n\n\n<p>Lo\u1ea1i b\u1ecf Y\u00eau c\u1ea7u N\u1ed9p ti\u1ec1n tr\u01b0\u1edbc (Non-Prefunding \u2013 NPF):&nbsp;Th\u00f4ng t\u01b0 68\/2024\/TT-BTC&nbsp;(c\u00f3 hi\u1ec7u l\u1ef1c t\u1eeb 2\/11\/2024) \u0111\u00e1nh d\u1ea5u b\u01b0\u1edbc \u0111i \u0111\u1ea7u ti\u00ean, lo\u1ea1i b\u1ecf y\u00eau c\u1ea7u n\u1ed9p ti\u1ec1n tr\u01b0\u1edbc \u0111\u1ed1i v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i (N\u0110TNN) khi giao d\u1ecbch.&nbsp;H\u1ec7 th\u1ed1ng&nbsp;KRX&nbsp;ch\u00ednh th\u1ee9c \u0111i v\u00e0o v\u1eadn h\u00e0nh (t\u1eeb 5\/5\/2025) \u0111\u00e3 h\u1ed7 tr\u1ee3 tri\u1ec3n khai hi\u1ec7u qu\u1ea3 m\u00f4 h\u00ecnh NPF, v\u1edbi h\u01a1n&nbsp;90,000&nbsp;giao d\u1ecbch NPF (t\u01b0\u01a1ng \u0111\u01b0\u01a1ng&nbsp;1,400 t\u1ef7 \u0111\u1ed3ng\/ng\u00e0y) \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n m\u00e0 ch\u1ec9 c\u00f3 4 giao d\u1ecbch th\u1ea5t b\u1ea1i \u0111\u01b0\u1ee3c x\u1eed l\u00fd an to\u00e0n.<\/p>\n\n\n\n<p>\u0110\u01a1n gi\u1ea3n h\u00f3a Th\u1ee7 t\u1ee5c v\u00e0 T\u0103ng Kh\u1ea3 n\u0103ng Ti\u1ebfp c\u1eadn cho N\u0110TNN:&nbsp;Th\u00f4ng t\u01b0 03\/2025\/TT-NHNN&nbsp;(c\u00f3 hi\u1ec7u l\u1ef1c t\u1eeb 16\/6\/2025) v\u00e0&nbsp;Th\u00f4ng t\u01b0 25\/2025\/TT-NHNN&nbsp;(ban h\u00e0nh 31\/8\/2025) \u0111\u00e3 \u0111\u01a1n gi\u1ea3n h\u00f3a th\u1ee7 t\u1ee5c m\u1edf t\u00e0i kho\u1ea3n, cho ph\u00e9p \u1ee7y quy\u1ec1n m\u1edf t\u00e0i kho\u1ea3n, v\u00e0 b\u1ecf y\u00eau c\u1ea7u h\u1ee3p ph\u00e1p h\u00f3a l\u00e3nh s\u1ef1 trong h\u1ed3 s\u01a1, r\u00fat ng\u1eafn \u0111\u00e1ng k\u1ec3 th\u1eddi gian x\u1eed l\u00fd.<\/p>\n\n\n\n<p>Thi\u1ebft l\u1eadp H\u1ea1 t\u1ea7ng Ti\u1ec7m c\u1eadn Chu\u1ea9n Qu\u1ed1c t\u1ebf:&nbsp;Ngh\u1ecb \u0111\u1ecbnh 245\/2025\/N\u0110-CP&nbsp;b\u1ed5 sung c\u01a1 s\u1edf ph\u00e1p l\u00fd cho vi\u1ec7c th\u00e0nh l\u1eadp&nbsp;Trung t\u00e2m Thanh to\u00e1n B\u00f9 tr\u1eeb T\u1eadp trung (CCP)&nbsp;cho c\u1ea3 th\u1ecb tr\u01b0\u1eddng c\u01a1 s\u1edf v\u00e0 ph\u00e1i sinh (d\u1ef1 ki\u1ebfn v\u1eadn h\u00e0nh Q1\/2027), nh\u1eb1m chuy\u00ean nghi\u1ec7p h\u00f3a quy tr\u00ecnh thanh to\u00e1n.&nbsp;Ngh\u1ecb \u0111\u1ecbnh n\u00e0y c\u0169ng&nbsp;b\u00e3i b\u1ecf quy \u0111\u1ecbnh&nbsp;cho ph\u00e9p \u0110\u1ea1i h\u1ed9i c\u1ed5 \u0111\u00f4ng quy\u1ebft \u0111\u1ecbnh t\u1ef7 l\u1ec7 s\u1edf h\u1eefu t\u1ed1i \u0111a c\u1ee7a N\u0110TNN (FOL) th\u1ea5p h\u01a1n m\u1ee9c quy \u0111\u1ecbnh ph\u00e1p lu\u1eadt v\u00e0&nbsp;\u0111\u01a1n gi\u1ea3n h\u00f3a th\u1ee7 t\u1ee5c c\u1ea5p m\u00e3 giao d\u1ecbch&nbsp;(ch\u1ec9 c\u00f2n 1 ng\u00e0y), gi\u00fap n\u1edbi l\u1ecfng&nbsp;\u201croom ngo\u1ea1i\u201d&nbsp;cho nh\u00e0 \u0111\u1ea7u t\u01b0.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Cac_Tieu_chi_Can_Theo_doi_Them\"><\/span><strong>C\u00e1c Ti\u00eau ch\u00ed C\u1ea7n Theo d\u00f5i Th\u00eam<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>FTSE Russell hi\u1ec7n \u0111ang theo d\u00f5i m\u1ee9c \u0111\u1ed9 hi\u1ec7u qu\u1ea3 c\u1ee7a m\u00f4 h\u00ecnh NPF. C\u00e1c c\u1ea3i c\u00e1ch b\u1ed5 sung v\u1eabn c\u1ea7n thi\u1ebft \u0111\u1ec3 g\u1ee1 b\u1ecf ho\u00e0n to\u00e0n c\u00e1c r\u00e0o c\u1ea3n, bao g\u1ed3m:<\/p>\n\n\n\n<ol start=\"1\">\n<li>R\u00fat ng\u1eafn quy tr\u00ecnh \u0111\u0103ng k\u00fd t\u00e0i kho\u1ea3n cho N\u0110TNN (\u0111\u00e3 \u0111\u01b0\u1ee3c gi\u1ea3i quy\u1ebft m\u1ed9t ph\u1ea7n qua c\u00e1c Th\u00f4ng t\u01b0 m\u1edbi).<\/li>\n\n\n\n<li>C\u01a1 ch\u1ebf giao d\u1ecbch \u0111\u1ed1i v\u1edbi c\u1ed5 phi\u1ebfu ch\u1ea1m ho\u1eb7c ti\u1ec7m c\u1eadn&nbsp;t\u1ef7 l\u1ec7 s\u1edf h\u1eefu t\u1ed1i \u0111a c\u1ee7a N\u0110TNN (FOL).<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Uoc_tinh_Dong_von_va_Cac_Co_phieu_Tiem_nang\"><\/span><strong>\u01af\u1edbc t\u00ednh D\u00f2ng v\u1ed1n v\u00e0 C\u00e1c C\u1ed5 phi\u1ebfu Ti\u1ec1m n\u0103ng<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>D\u1ef1a tr\u00ean v\u1ed1n h\u00f3a c\u00f3 th\u1ec3 \u0111\u1ea7u t\u01b0, HSC \u01b0\u1edbc t\u00ednh&nbsp;t\u1ef7 tr\u1ecdng c\u1ee7a Vi\u1ec7t Nam&nbsp;trong gi\u1ecf&nbsp;Th\u1ecb tr\u01b0\u1eddng M\u1edbi n\u1ed5i FTSE&nbsp;s\u1ebd v\u00e0o kho\u1ea3ng&nbsp;0.5%\u20130.7%.<\/p>\n\n\n\n<p>D\u00f2ng v\u1ed1n Th\u1ee5 \u0111\u1ed9ng (Passive):&nbsp;T\u1ed5ng t\u00e0i s\u1ea3n qu\u1ea3n l\u00fd c\u1ee7a c\u00e1c qu\u1ef9 th\u1ee5 \u0111\u1ed9ng s\u1eed d\u1ee5ng ch\u1ec9 s\u1ed1 th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i FTSE l\u00e0m c\u01a1 s\u1edf \u01b0\u1edbc t\u00ednh kho\u1ea3ng&nbsp;121 t\u1ef7 USD.&nbsp;Vi\u1ec7t Nam c\u00f3 th\u1ec3 thu h\u00fat kho\u1ea3ng&nbsp;0.6\u20130.8 t\u1ef7 USD&nbsp;d\u00f2ng v\u1ed1n th\u1ee5 \u0111\u1ed9ng.&nbsp;D\u00f2ng v\u1ed1n r\u00fat ra t\u1eeb c\u00e1c qu\u1ef9 th\u1ecb tr\u01b0\u1eddng c\u1eadn bi\u00ean \u0111\u01b0\u1ee3c \u0111\u00e1nh gi\u00e1 l\u00e0 kh\u00f4ng \u0111\u00e1ng k\u1ec3 do hi\u1ec7n kh\u00f4ng c\u00f3 qu\u1ef9 ETF l\u1edbn n\u00e0o s\u1eed d\u1ee5ng ch\u1ec9 s\u1ed1 n\u00e0y l\u00e0m c\u01a1 s\u1edf.<\/p>\n\n\n\n<p>D\u00f2ng v\u1ed1n Ch\u1ee7 \u0111\u1ed9ng (Active):&nbsp;D\u00f2ng v\u1ed1n ch\u1ee7 \u0111\u1ed9ng \u0111\u01b0\u1ee3c d\u1ef1 b\u00e1o c\u00f3 th\u1ec3&nbsp;cao g\u1ea5p 6 l\u1ea7n&nbsp;d\u00f2ng v\u1ed1n th\u1ee5 \u0111\u1ed9ng, do s\u1ef1 h\u1ea5p d\u1eabn c\u1ee7a t\u1ed1c \u0111\u1ed9 t\u0103ng tr\u01b0\u1edfng GDP cao (6\u20137%), \u1ed5n \u0111\u1ecbnh ch\u00ednh tr\u1ecb v\u00e0 vi\u1ec7c n\u1edbi l\u1ecfng room ngo\u1ea1i.&nbsp;\u01af\u1edbc t\u00ednh d\u00f2ng v\u1ed1n ch\u1ee7 \u0111\u1ed9ng c\u00f3 th\u1ec3 \u0111\u1ea1t kho\u1ea3ng&nbsp;3.6\u20134.8 t\u1ef7 USD.<\/p>\n\n\n\n<p>T\u1ed5ng c\u1ed9ng, Vi\u1ec7t Nam c\u00f3 th\u1ec3 thu h\u00fat kho\u1ea3ng 4.2\u20135.6 t\u1ef7 USD d\u00f2ng v\u1ed1n ngo\u1ea1i sau khi \u0111\u01b0\u1ee3c n\u00e2ng h\u1ea1ng.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Danh_sach_Ung_vien_Co_phieu_Tiem_nang\"><\/span><strong>Danh s\u00e1ch \u1ee8ng vi\u00ean C\u1ed5 phi\u1ebfu Ti\u1ec1m n\u0103ng<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Theo ti\u00eau chu\u1ea9n c\u1ee7a FTSE Russell (v\u1ed1n h\u00f3a &gt; 150 tri\u1ec7u USD, free float t\u1ed1i thi\u1ec3u 5%, room ngo\u1ea1i c\u00f2n tr\u1ed1ng t\u1ed1i thi\u1ec3u 20%, thanh kho\u1ea3n cao v\u00e0 ni\u00eam y\u1ebft tr\u00ean HSX), HSC d\u1ef1 b\u00e1o&nbsp;16 c\u1ed5 phi\u1ebfu&nbsp;v\u1ed1n h\u00f3a l\u1edbn, thanh kho\u1ea3n cao s\u1ebd \u0111\u01b0\u1ee3c th\u00eam v\u00e0o c\u00e1c qu\u1ef9 th\u1ee5 \u0111\u1ed9ng:<\/p>\n\n\n\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" loading=\"lazy\" width=\"813\" height=\"737\" src=\"https:\/\/ckvn.net\/chung-khoan\/wp-content\/uploads\/2025\/09\/3.png\" alt=\"\" class=\"wp-image-1600\" srcset=\"https:\/\/ckvn.net\/chung-khoan\/wp-content\/uploads\/2025\/09\/3.png 813w, https:\/\/ckvn.net\/chung-khoan\/wp-content\/uploads\/2025\/09\/3-300x272.png 300w, https:\/\/ckvn.net\/chung-khoan\/wp-content\/uploads\/2025\/09\/3-768x696.png 768w\" sizes=\"(max-width: 813px) 100vw, 813px\" \/><\/figure><\/div>\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Bai_hoc_Lich_su_va_Trien_vong_Dai_han\"><\/span><strong>B\u00e0i h\u1ecdc L\u1ecbch s\u1eed v\u00e0 Tri\u1ec3n v\u1ecdng D\u00e0i h\u1ea1n<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Vi\u1ec7c n\u00e2ng h\u1ea1ng kh\u00f4ng ch\u1ec9 l\u00e0 s\u1ef1 ki\u1ec7n ng\u1eafn h\u1ea1n m\u00e0 c\u00f2n l\u00e0 \u0111\u1ed9ng l\u1ef1c c\u1ea3i thi\u1ec7n \u0111\u1ecbnh gi\u00e1 v\u00e0 thanh kho\u1ea3n trong d\u00e0i h\u1ea1n.&nbsp;<\/p>\n\n\n\n<p>Kinh nghi\u1ec7m t\u1eeb c\u00e1c th\u1ecb tr\u01b0\u1eddng 1\u20132 n\u0103m tr\u01b0\u1edbc khi ch\u00ednh th\u1ee9c n\u00e2ng h\u1ea1ng nh\u01b0 Qatar v\u00e0 UAE \u0111\u1ec1u ghi nh\u1eadn&nbsp;t\u0103ng tr\u01b0\u1edfng m\u1ea1nh m\u1ebd&nbsp;(Qatar&nbsp;+68%, UAE&nbsp;+160%).&nbsp;Trong d\u00e0i h\u1ea1n, v\u1ed1n h\u00f3a c\u1ee7a h\u1ea7u h\u1ebft c\u00e1c th\u1ecb tr\u01b0\u1eddng \u0111\u01b0\u1ee3c n\u00e2ng h\u1ea1ng \u0111\u1ec1u cho th\u1ea5y t\u0103ng tr\u01b0\u1edfng t\u00edch c\u1ef1c.<\/p>\n\n\n\n<p>Tuy nhi\u00ean, b\u00e0i h\u1ecdc t\u1eeb Pakistan (t\u1eebng b\u1ecb xu\u1ed1ng h\u1ea1ng) cho th\u1ea5y vi\u1ec7c thi\u1ebfu c\u00e1c c\u00e2u chuy\u1ec7n t\u0103ng tr\u01b0\u1edfng m\u1edbi, s\u1ea3n ph\u1ea9m m\u1edbi v\u00e0 c\u1ea3i c\u00e1ch li\u00ean t\u1ee5c sau n\u00e2ng h\u1ea1ng c\u00f3 th\u1ec3 khi\u1ebfn th\u1ecb tr\u01b0\u1eddng m\u1ea5t \u0111\u00e0.<\/p>\n\n\n\n<p>VNDirect l\u01b0u \u00fd nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n th\u1eadn tr\u1ecdng trong 1\u20132 qu\u00fd sau n\u00e2ng h\u1ea1ng, khi th\u1ecb tr\u01b0\u1eddng c\u00f3 th\u1ec3 bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"580\" src=\"https:\/\/ckvn.net\/chung-khoan\/wp-content\/uploads\/2025\/09\/5-1024x580.png\" alt=\"\" class=\"wp-image-1603\" srcset=\"https:\/\/ckvn.net\/chung-khoan\/wp-content\/uploads\/2025\/09\/5-1024x580.png 1024w, https:\/\/ckvn.net\/chung-khoan\/wp-content\/uploads\/2025\/09\/5-300x170.png 300w, https:\/\/ckvn.net\/chung-khoan\/wp-content\/uploads\/2025\/09\/5-768x435.png 768w, https:\/\/ckvn.net\/chung-khoan\/wp-content\/uploads\/2025\/09\/5.png 1178w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Dinh_huong_Phat_trien_sau_Nang_hang\"><\/span><strong>\u0110\u1ecbnh h\u01b0\u1edbng Ph\u00e1t tri\u1ec3n sau N\u00e2ng h\u1ea1ng<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Vi\u1ec7t Nam \u0111\u00e3 c\u00f3 \u0111\u1ecbnh h\u01b0\u1edbng r\u00f5 r\u00e0ng \u0111\u1ec3 duy tr\u00ec s\u1ee9c h\u1ea5p d\u1eabn sau khi n\u00e2ng h\u1ea1ng. Theo \u0111\u00f3, Vi\u1ec7t Nam ph\u00e1t tri\u1ec3n s\u1ea3n ph\u1ea9m m\u1edbi&nbsp; nh\u01b0&nbsp;Tr\u00e1i phi\u1ebfu xanh, s\u1ea3n ph\u1ea9m theo \u0111\u1ecbnh h\u01b0\u1edbng ESG, \u0111a d\u1ea1ng h\u00f3a h\u1ec7 th\u1ed1ng ch\u1ec9 s\u1ed1.<\/p>\n\n\n\n<p>Th\u00fac \u0111\u1ea9y Ngu\u1ed3n cung H\u00e0ng h\u00f3a th\u00f4ng qua C\u1ed5 ph\u1ea7n h\u00f3a, tho\u00e1i v\u1ed1n nh\u00e0 n\u01b0\u1edbc, IPO, ni\u00eam y\u1ebft m\u1edbi v\u00e0 \u0111\u1eb7c bi\u1ec7t l\u00e0 h\u01b0\u1edbng t\u1edbi \u0111\u01b0a c\u00e1c&nbsp;doanh nghi\u1ec7p FDI&nbsp;l\u00ean ni\u00eam y\u1ebft.<\/p>\n\n\n\n<p>\u0110\u1ebfn n\u0103m 2030, \u0111\u00e1p \u1ee9ng ti\u00eau chu\u1ea9n c\u1ee7a&nbsp;MSCI&nbsp;\u0111\u1ec3 tr\u1edf th\u00e0nh Th\u1ecb tr\u01b0\u1eddng M\u1edbi n\u1ed5i v\u00e0 h\u01b0\u1edbng t\u1edbi \u0111\u1ea1t chu\u1ea9n&nbsp;Th\u1ecb tr\u01b0\u1eddng M\u1edbi N\u1ed5i N\u00e2ng Cao theo FTSE Russell.<\/p>\n\n\n\n<p>V\u1edbi nh\u1eefng c\u1ea3i c\u00e1ch to\u00e0n di\u1ec7n, Vi\u1ec7t Nam \u0111ang \u0111\u1ee9ng tr\u01b0\u1edbc c\u01a1 h\u1ed9i v\u00e0ng \u0111\u1ec3 chuy\u1ec3n m\u00ecnh. Quy\u1ebft \u0111\u1ecbnh c\u1ee7a FTSE Russell v\u00e0o ng\u00e0y 7\/10 s\u1eafp t\u1edbi s\u1ebd l\u00e0 c\u1ed9t m\u1ed1c m\u1edf ra c\u00e1nh c\u1eeda \u0111\u00f3n nh\u1eadn d\u00f2ng v\u1ed1n ngo\u1ea1i l\u1edbn, n\u00e2ng cao v\u1ecb th\u1ebf c\u1ee7a th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam tr\u00ean b\u1ea3n \u0111\u1ed3 t\u00e0i ch\u00ednh to\u00e0n c\u1ea7u.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\">\n<p>Tin \u0111\u1ed3n:&nbsp;K\u1ebft qu\u1ea3 b\u1ecf phi\u1ebfu ng\u00e0y 26\/9\/2025 t\u1eeb FTSE Russell&nbsp;cho th\u1ea5y t\u00edn hi\u1ec7u t\u00edch c\u1ef1c v\u1ec1 vi\u1ec7c n\u00e2ng h\u1ea1ng Vi\u1ec7t Nam l\u00ean nh\u00f3m Th\u1ecb tr\u01b0\u1eddng M\u1edbi n\u1ed5i. Trong s\u1ed1 26 qu\u1ef9 l\u1edbn tham gia, c\u00f3 t\u1edbi 85% (22 qu\u1ef9) b\u1ecf phi\u1ebfu thu\u1eadn, d\u1ef1a tr\u00ean thanh kho\u1ea3n c\u1ea3i thi\u1ec7n (+15% QoQ) v\u00e0 hi\u1ec7u qu\u1ea3 c\u1ee7a m\u00f4 h\u00ecnh Non-Prefunding. Nh\u1eefng lo ng\u1ea1i v\u1ec1 t\u1ef7 gi\u00e1 v\u00e0 gi\u1edbi h\u1ea1n s\u1edf h\u1eefu n\u01b0\u1edbc ngo\u00e0i (FOL) \u0111\u00e3 ph\u1ea7n l\u1edbn \u0111\u01b0\u1ee3c gi\u1ea3i quy\u1ebft qua Ngh\u1ecb \u0111\u1ecbnh 245\/2025\/N\u0110-CP.<\/p>\n\n\n\n<ul>\n<li>C\u00e1c qu\u1ef9 \u1ee7ng h\u1ed9 m\u1ea1nh&nbsp;g\u1ed3m BlackRock (100%), Vanguard (95%) v\u00e0 State Street (90%), k\u1ef3 v\u1ecdng d\u00f2ng v\u1ed1n 5\u20137 t\u1ef7 USD n\u1ebfu n\u00e2ng h\u1ea1ng.<\/li>\n\n\n\n<li>Fidelity v\u00e0 PIMCO&nbsp;\u1ee7ng h\u1ed9 th\u1eadn tr\u1ecdng, \u0111\u1ec1 ngh\u1ecb theo d\u00f5i th\u00eam h\u1ec7 th\u1ed1ng KRX (d\u1ef1 ki\u1ebfn ho\u00e0n t\u1ea5t Q2\/2026).<\/li>\n\n\n\n<li>Ch\u1ec9 2 qu\u1ef9 ph\u1ea3n \u0111\u1ed1i, ch\u1ee7 y\u1ebfu do lo ng\u1ea1i v\u1ec1 thu\u1ebf quan M\u1ef9\u2013Vi\u1ec7t.<\/li>\n<\/ul>\n\n\n\n<p>FTSE Russell ghi nh\u1eadn cam k\u1ebft c\u1ea3i c\u00e1ch c\u1ee7a Vi\u1ec7t Nam v\u00e0 s\u1ebd c\u00f4ng b\u1ed1 quy\u1ebft \u0111\u1ecbnh ch\u00ednh th\u1ee9c v\u00e0o ng\u00e0y 8\/10\/2025. N\u1ebfu \u0111\u01b0\u1ee3c th\u00f4ng qua, Vi\u1ec7t Nam s\u1ebd gia nh\u1eadp FTSE Secondary Emerging Index t\u1eeb th\u00e1ng 3\/2026, m\u1edf ra c\u01a1 h\u1ed9i thu h\u00fat d\u00f2ng v\u1ed1n ngo\u1ea1i l\u1edbn.<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Ng\u00e0y 7\/10\/2025&nbsp;s\u1ebd l\u00e0 m\u1ed9t ng\u00e0y quan tr\u1ecdng \u0111\u1ed1i v\u1edbi th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam khi&nbsp;FTSE Russell&nbsp;c\u00f4ng b\u1ed1 k\u1ebft qu\u1ea3 x\u1ebfp h\u1ea1ng th\u1ecb tr\u01b0\u1eddng th\u00e1ng 9\/2025. Theo HSC, nh\u1edd nh\u1eefng c\u1ea3i c\u00e1ch ph\u00e1p l\u00fd v\u00e0 h\u1ea1 t\u1ea7ng quy\u1ebft li\u1ec7t g\u1ea7n \u0111\u00e2y, Vi\u1ec7t Nam \u0111ang ti\u1ebfn g\u1ea7n h\u01a1n bao gi\u1edd h\u1ebft t\u1edbi kh\u1ea3 n\u0103ng \u0111\u01b0\u1ee3c n\u00e2ng h\u1ea1ng t\u1eeb&nbsp;Th\u1ecb tr\u01b0\u1eddng C\u1eadn bi\u00ean (Frontier Market)&nbsp;l\u00ean&nbsp;Th\u1ecb tr\u01b0\u1eddng M\u1edbi n\u1ed5i (Emerging Market). \u0110\u00e2y \u0111\u01b0\u1ee3c coi l\u00e0 b\u01b0\u1edbc ngo\u1eb7t chi\u1ebfn l\u01b0\u1ee3c, h\u1ee9a h\u1eb9n thu h\u00fat d\u00f2ng v\u1ed1n \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i th\u1ee5 \u0111\u1ed9ng v\u00e0 ch\u1ee7 \u0111\u1ed9ng v\u1edbi quy m\u00f4 l\u1edbn. Vi\u1ec7t Nam ti\u1ebfn g\u1ea7n n\u00e2ng h\u1ea1ng <\/p>\n","protected":false},"author":1,"featured_media":1613,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[171],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/ckvn.net\/chung-khoan\/wp-json\/wp\/v2\/posts\/1597"}],"collection":[{"href":"https:\/\/ckvn.net\/chung-khoan\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ckvn.net\/chung-khoan\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ckvn.net\/chung-khoan\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ckvn.net\/chung-khoan\/wp-json\/wp\/v2\/comments?post=1597"}],"version-history":[{"count":13,"href":"https:\/\/ckvn.net\/chung-khoan\/wp-json\/wp\/v2\/posts\/1597\/revisions"}],"predecessor-version":[{"id":1835,"href":"https:\/\/ckvn.net\/chung-khoan\/wp-json\/wp\/v2\/posts\/1597\/revisions\/1835"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ckvn.net\/chung-khoan\/wp-json\/wp\/v2\/media\/1613"}],"wp:attachment":[{"href":"https:\/\/ckvn.net\/chung-khoan\/wp-json\/wp\/v2\/media?parent=1597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ckvn.net\/chung-khoan\/wp-json\/wp\/v2\/categories?post=1597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ckvn.net\/chung-khoan\/wp-json\/wp\/v2\/tags?post=1597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}