{"id":2320,"date":"2025-10-08T11:12:36","date_gmt":"2025-10-08T04:12:36","guid":{"rendered":"https:\/\/ckvn.net\/chung-khoan\/?p=2320"},"modified":"2025-10-08T11:17:36","modified_gmt":"2025-10-08T04:17:36","slug":"hanh-trinh-chong-gai-thanh-qua-ruc-ro-viet-nam-tien-len-thi-truong-moi-noi-sau-thap-ky-cho-doi","status":"publish","type":"post","link":"https:\/\/ckvn.net\/chung-khoan\/goc-nhin\/hanh-trinh-chong-gai-thanh-qua-ruc-ro-viet-nam-tien-len-thi-truong-moi-noi-sau-thap-ky-cho-doi\/","title":{"rendered":"H\u00e0nh tr\u00ecnh ch\u00f4ng gai, th\u00e0nh qu\u1ea3 r\u1ef1c r\u1ee1: Vi\u1ec7t Nam ti\u1ebfn l\u00ean th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i sau th\u1eadp k\u1ef7 ch\u1edd \u0111\u1ee3i"},"content":{"rendered":"\n

Gi\u1ea5c m\u01a1 n\u00e2ng h\u1ea1ng \u0111\u00e3 ch\u00ednh th\u1ee9c tr\u1edf th\u00e0nh hi\u1ec7n th\u1ef1c, Vi\u1ec7t Nam s\u1ebd tho\u00e1t b\u1ecf chi\u1ebfc \u00e1o ch\u1eadt ch\u1ed9i v\u00e0 b\u01b0\u1edbc ch\u00e2n v\u00e0o ph\u00e2n h\u1ea1ng m\u1edbi n\u1ed5i th\u1ee9 c\u1ea5p c\u00f9ng v\u1edbi nh\u1eefng qu\u1ed1c gia c\u00f3 t\u1ed1c \u0111\u1ed9 ph\u00e1t tri\u1ec3n kinh t\u1ebf n\u1ed5i b\u1eadt.<\/h3>\n\n\n\n
\"\"<\/figure>\n\n\n\n

S\u00e1ng nay, FTSE Russell \u0111\u00e3 ch\u00ednh th\u1ee9c c\u00f4ng b\u1ed1 k\u1ebft qu\u1ea3 ph\u00e2n lo\u1ea1i th\u1ecb tr\u01b0\u1eddng \u0111\u1ecbnh k\u1ef3, theo \u0111\u00f3 th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng<\/strong> kho\u00e1n <\/strong>Vi\u1ec7t Nam \u0111\u00e3 \u0111\u01b0\u1ee3c n\u00e2ng h\u1ea1ng t\u1eeb th\u1ecb tr\u01b0\u1eddng C\u1eadn bi\u00ean l\u00ean th\u1ecb tr\u01b0\u1eddng M\u1edbi n\u1ed5i Th\u1ee9 c\u1ea5p.<\/strong><\/p>\n\n\n\n

\u0110\u00e2y l\u00e0 c\u1ed9t m\u1ed1c l\u1ecbch s\u1eed sau h\u01a1n m\u1ed9t th\u1eadp k\u1ef7 n\u1ed7 l\u1ef1c c\u1ea3i c\u00e1ch, \u0111\u00e1nh d\u1ea5u s\u1ef1 c\u00f4ng nh\u1eadn qu\u1ed1c t\u1ebf \u0111\u1ed1i v\u1edbi nh\u1eefng ti\u1ebfn b\u1ed9 v\u01b0\u1ee3t b\u1eadc c\u1ee7a Vi\u1ec7t Nam. V\u1edbi quy\u1ebft \u0111\u1ecbnh n\u00e0y, Vi\u1ec7t Nam d\u1ef1 ki\u1ebfn s\u1ebd \u0111\u00f3n nh\u1eadn d\u00f2ng v\u1ed1n kh\u1ed5ng l\u1ed3 t\u1eeb c\u1ea3 trong n\u01b0\u1edbc v\u00e0 c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i, th\u00fac \u0111\u1ea9y s\u1ef1 ph\u00e1t tri\u1ec3n b\u1ec1n v\u1eefng c\u1ee7a th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh n\u00f3i ri\u00eang v\u00e0 n\u1ec1n kinh t\u1ebf n\u00f3i chung.<\/p>\n\n\n\n

Nh\u1eefng h\u1ea1t gi\u1ed1ng gieo t\u1eeb m\u1ed9t th\u1eadp k\u1ef7 tr\u01b0\u1edbc<\/strong><\/p>\n\n\n\n

H\u00e0nh tr\u00ecnh n\u00e2ng h\u1ea1ng c\u1ee7a th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam b\u1eaft \u0111\u1ea7u t\u1eeb nh\u1eefng n\u0103m 2013-2014, khi Ch\u00ednh ph\u1ee7 v\u00e0 c\u00e1c c\u01a1 quan qu\u1ea3n l\u00fd \u0111\u00e1nh gi\u00e1 vi\u1ec7c \u0111\u01b0\u1ee3c n\u00e2ng h\u1ea1ng l\u00ean th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i s\u1ebd l\u00e0 ch\u00eca kh\u00f3a \u0111\u1ec3 thu h\u00fat \u0111\u1ea7u t\u01b0 qu\u1ed1c t\u1ebf, th\u00fac \u0111\u1ea9y t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf. Nguy\u00ean Ch\u1ee7 t\u1ecbch UBCKNN V\u0169 B\u1eb1ng \u0111\u00e3 t\u1eebng kh\u1eb3ng \u0111\u1ecbnh Vi\u1ec7t Nam kh\u00f4ng th\u1ec3 \u0111\u1ee9ng ngo\u00e0i h\u1ec7 th\u1ed1ng th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n to\u00e0n c\u1ea7u, b\u1edfi l\u1ebd mu\u1ed1n huy \u0111\u1ed9ng v\u1ed1n t\u1eeb th\u1ecb tr\u01b0\u1eddng to\u00e0n c\u1ea7u th\u00ec ch\u00fang ta ph\u1ea3i c\u1ea3i c\u00e1ch, n\u00e2ng h\u1ea1ng th\u1ecb tr\u01b0\u1eddng.<\/p>\n\n\n\n

Th\u1ef1c t\u1ebf l\u00fac b\u1ea5y gi\u1edd, th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam v\u1eabn c\u00f2n non tr\u1ebb, v\u1edbi quy m\u00f4 ni\u00eam y\u1ebft th\u1ea5p v\u00e0 thanh kho\u1ea3n \u1ea3m \u0111\u1ea1m, th\u1ee7 t\u1ee5c m\u1edf t\u00e0i kho\u1ea3n giao d\u1ecbch cho nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i ph\u1ee9c t\u1ea1p. \u0110\u00f3 l\u00e0 nh\u1eefng r\u00e0o c\u1ea3n khi\u1ebfn c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 to\u00e0n c\u1ea7u e ng\u1ea1i. Theo l\u1ed9 tr\u00ecnh \u0111\u01b0\u1ee3c v\u1ea1ch ra, Vi\u1ec7t Nam \u0111\u00e3 th\u1ec3 hi\u1ec7n quy\u1ebft t\u00e2m v\u00e0 c\u00e1c k\u1ebf ho\u1ea1ch h\u00e0nh \u0111\u1ed9ng c\u1ee5 th\u1ec3, x\u00e1c \u0111\u1ecbnh nh\u1eefng c\u1ea3i ti\u1ebfn ch\u00ednh s\u00e1ch c\u1ea7n thi\u1ebft \u0111\u1ec3 n\u00e2ng h\u1ea1ng TTCK Vi\u1ec7t Nam l\u00ean th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i nh\u01b0 quy m\u00f4 th\u1ecb tr\u01b0\u1eddng, thanh kho\u1ea3n, quy \u0111\u1ecbnh ph\u00e1p l\u00fd hay h\u1ea1 t\u1ea7ng c\u00f4ng ngh\u1ec7. C\u00e1c ho\u1ea1t \u0111\u1ed9ng c\u1ea5u tr\u00fac l\u1ea1i c\u01a1 s\u1edf h\u00e0ng h\u00f3a, \u0111i\u1ec1u ki\u1ec7n ni\u00eam y\u1ebft theo h\u01b0\u1edbng chia t\u00e1ch c\u00e1c b\u1ea3ng giao d\u1ecbch v\u1edbi c\u00e1c ti\u00eau ch\u00ed r\u00f5 r\u00e0ng, minh b\u1ea1ch v\u00e0 gi\u00e1m s\u00e1t tu\u00e2n th\u1ee7 h\u1eadu ni\u00eam y\u1ebft ch\u1eb7t ch\u1ebd \u0111\u1ec3 t\u1ea1o \u0111\u00e0 cho vi\u1ec7c m\u1edf r\u1ed9ng quy m\u00f4 v\u00e0 t\u1ea1o thanh kho\u1ea3n cho th\u1ecb tr\u01b0\u1eddng…<\/p>\n\n\n\n

\u0110\u1ebfn n\u0103m 2018, n\u1ed7 l\u1ef1c \u1ea5y d\u1ea7n \u201c\u0111\u01a1m hoa k\u1ebft tr\u00e1i\u201d khi t\u1ed5 ch\u1ee9c x\u1ebfp h\u1ea1ng th\u1ecb tr\u01b0\u1eddng FTSE Russell ch\u00ednh th\u1ee9c \u0111\u01b0a Vi\u1ec7t Nam v\u00e0o “Watch List” \u2013 danh s\u00e1ch theo d\u00f5i \u0111\u1ec3 \u0111\u00e1nh gi\u00e1 n\u00e2ng h\u1ea1ng t\u1eeb c\u1eadn bi\u00ean l\u00ean m\u1edbi n\u1ed5i. \u0110\u1ebfn n\u0103m 2019, MSCI – t\u1ed5 ch\u1ee9c x\u1ebfp h\u1ea1ng c\u00f3 \u1ea3nh h\u01b0\u1edfng l\u1edbn nh\u1ea5t \u0111\u1ebfn d\u00f2ng v\u1ed1n \u0111\u1ea7u t\u01b0 to\u00e0n c\u1ea7u, c\u0169ng nh\u1eafc \u0111\u1ebfn Vi\u1ec7t Nam trong b\u00e1o c\u00e1o \u0111\u00e1nh gi\u00e1 th\u1ecb tr\u01b0\u1eddng. \u0110\u00e2y l\u00e0 b\u01b0\u1edbc ngo\u1eb7t quan tr\u1ecdng, \u0111\u00e1nh d\u1ea5u Vi\u1ec7t Nam l\u00e0 m\u1ed9t trong s\u1ed1 \u00edt qu\u1ed1c gia ch\u00e2u \u00c1 \u0111\u01b0\u1ee3c ch\u00fa \u00fd.<\/p>\n\n\n\n

Vi\u1ec7c \u0111\u01b0\u1ee3c \u0111\u01b0a v\u00e0o danh s\u00e1ch xem x\u00e9t l\u00e0 th\u00e0nh qu\u1ea3 c\u1ee7a qu\u00e1 tr\u00ecnh ph\u00e1t tri\u1ec3n kh\u00f4ng ng\u1eebng c\u1ee7a n\u1ec1n kinh t\u1ebf v\u00e0 th\u1ecb tr\u01b0\u1eddng v\u1ed1n Vi\u1ec7t Nam h\u01b0\u1edbng t\u1edbi nh\u1eefng th\u00f4ng l\u1ec7 qu\u1ed1c t\u1ebf t\u1ed1t nh\u1ea5t. \u0110\u00e2y l\u00e0 k\u1ebft qu\u1ea3 c\u1ee7a nh\u1eefng n\u1ed7 l\u1ef1c trong th\u1eddi gian qua c\u1ee7a B\u1ed9 T\u00e0i ch\u00ednh, \u1ee6y Ban Ch\u1ee9ng kho\u00e1n Nh\u00e0 n\u01b0\u1edbc, hai S\u1edf GDCK v\u00e0 TTLKCK nh\u1eb1m ho\u00e0n thi\u1ec7n h\u01a1n th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n n\u00f3i ri\u00eang v\u00e0 \u0111\u00f3ng g\u00f3p n\u1ec1n kinh t\u1ebf n\u00f3i chung.<\/p>\n\n\n\n

H\u00e0nh tr\u00ecnh d\u00e0i h\u01a1i \u0111\u1ebfn khi h\u01b0\u1edfng tr\u00e1i ng\u1ecdt n\u00e2ng h\u1ea1ng th\u1ecb tr\u01b0\u1eddng<\/strong><\/p>\n\n\n\n

Tuy nhi\u00ean, vi\u1ec7c l\u1ecdt v\u00e0o danh s\u00e1ch theo d\u00f5i ch\u1ec9 l\u00e0 v\u00e9 v\u00e0o c\u1eeda, h\u00e0nh tr\u00ecnh c\u1ea3i ti\u1ebfn th\u1ecb tr\u01b0\u1eddng th\u1ef1c s\u1ef1 m\u1edbi ch\u1ec9 b\u1eaft \u0111\u1ea7u v\u1edbi \u0111\u1ea7y nh\u1eefng th\u00e1ch th\u1ee9c cam go ph\u00eda tr\u01b0\u1edbc. Xuy\u00ean su\u1ed1t 7 n\u0103m c\u00f3 t\u00ean tr\u00ean danh s\u00e1ch theo d\u00f5i, th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam \u0111\u00e3 \u0111\u1ed1i m\u1eb7t v\u1edbi nhi\u1ec1u tr\u1edf ng\u1ea1i, \u0111\u00f2i h\u1ecfi s\u1ef1 ki\u00ean tr\u00ec v\u00e0 c\u1ea3i c\u00e1ch \u0111\u1ed3ng b\u1ed9. C\u01a1 quan qu\u1ea3n l\u00fd \u0111\u00e3 n\u1ed7 l\u1ef1c cao nh\u1ea5t ph\u1ed1i h\u1ee3p ch\u1eb7t ch\u1ebd v\u1edbi c\u00e1c b\u1ed9, ng\u00e0nh, t\u1ed5 ch\u1ee9c li\u00ean quan \u0111\u1ec3 ch\u1ee7 \u0111\u1ed9ng th\u00e1o g\u1ee1 c\u00e1c v\u01b0\u1edbng m\u1eafc theo c\u00e1c ti\u00eau ch\u00ed chung m\u00e0 c\u00e1c t\u1ed5 ch\u1ee9c MSCI, FTSE Russell \u0111\u1ec1 ra, h\u1ed7 tr\u1ee3 TTCK Vi\u1ec7t Nam s\u1edbm \u0111\u01b0\u1ee3c n\u00e2ng h\u1ea1ng.<\/p>\n\n\n\n

\u0110\u1eb7c bi\u1ec7t trong v\u00f2ng hai n\u0103m tr\u1edf l\u1ea1i \u0111\u00e2y, th\u00f4ng \u0111i\u1ec7p n\u00e2ng h\u1ea1ng th\u1ecb tr\u01b0\u1eddng \u0111\u01b0\u1ee3c truy\u1ec1n \u0111i m\u1ed9t c\u00e1ch th\u1ef1c s\u1ef1 r\u00f5 n\u00e9t. Ti\u1ebfn tr\u00ecnh n\u00e2ng h\u1ea1ng \u0111\u01b0\u1ee3c Ch\u00ednh ph\u1ee7, Th\u1ee7 t\u01b0\u1edbng Ch\u00ednh ph\u1ee7 quan t\u00e2m v\u00e0 ch\u1ec9 \u0111\u1ea1o s\u00e1t sao, quy\u1ebft li\u1ec7t nh\u1eb1m \u0111\u00e1p \u1ee9ng c\u00e1c ti\u00eau chu\u1ea9n qu\u1ed1c t\u1ebf. N\u1ed5i b\u1eadt nh\u1ea5t l\u00e0 Ngh\u1ecb \u0111\u1ecbnh 245\/2025\/N\u0110-CP (ban h\u00e0nh ng\u00e0y 11\/9\/2025) v\u00e0 Quy\u1ebft \u0111\u1ecbnh 2014\/Q\u0110-TTg (12\/9\/2025) ph\u00ea duy\u1ec7t \u0110\u1ec1 \u00e1n N\u00e2ng h\u1ea1ng th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam, th\u1ec3 hi\u1ec7n quy\u1ebft t\u00e2m c\u1ee7a Ch\u00ednh ph\u1ee7 h\u01b0\u1edbng t\u1edbi \u0111\u1ea1t chu\u1ea9n FTSE Secondary Emerging trong n\u0103m 2025 v\u00e0 MSCI Emerging v\u00e0o n\u0103m 2030.<\/p>\n\n\n\n

Vi\u1ec7c \u0111\u01b0a v\u00e0o v\u1eadn h\u00e0nh h\u1ec7 th\u1ed1ng m\u1edbi (KRX) \u0111\u00e3 cho ph\u00e9p giao d\u1ecbch T+0, x\u1eed l\u00fd l\u1ec7nh v\u1edbi t\u1ed1c \u0111\u1ed9 cao g\u1ea5p 20 l\u1ea7n h\u1ec7 th\u1ed1ng c\u0169 v\u00e0 \u0111\u1ed3ng th\u1eddi t\u1ea1o n\u1ec1n t\u1ea3ng \u0111\u1ec3 tri\u1ec3n khai c\u00e1c s\u1ea3n ph\u1ea9m m\u1edbi nh\u01b0 b\u00e1n kh\u1ed1ng, giao d\u1ecbch l\u00f4 l\u1ebb, ho\u1eb7c ch\u1ee9ng quy\u1ec1n c\u00f3 b\u1ea3o \u0111\u1ea3m phi\u00ean b\u1ea3n m\u1edbi. B\u00ean c\u1ea1nh \u0111\u00f3, vi\u1ec7c ban h\u00e0nh Th\u00f4ng t\u01b0 68\/2024, cho ph\u00e9p nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1ed5 ch\u1ee9c n\u01b0\u1edbc ngo\u00e0i c\u00f3 th\u1ec3 giao d\u1ecbch mua c\u1ed5 phi\u1ebfu kh\u00f4ng y\u00eau c\u1ea7u c\u00f3 \u0111\u1ee7 ti\u1ec1n (Non Pre-funding solution \u2013 NPS) \u0111\u00e3 ph\u1ea7n n\u00e0o x\u00f3a b\u1ecf m\u1ed9t trong nh\u1eefng r\u00e0o c\u1ea3n l\u1edbn nh\u1ea5t t\u1eebng l\u00e0m ch\u1eadm qu\u00e1 tr\u00ecnh n\u00e2ng h\u1ea1ng c\u1ee7a th\u1ecb tr\u01b0\u1eddng.<\/p>\n\n\n\n

T\u1edbi th\u00e1ng 8\/2025, Ng\u00e2n h\u00e0ng Nh\u00e0 n\u01b0\u1edbc \u0111\u00e3 ban h\u00e0nh Th\u00f4ng t\u01b0 s\u1ed1 25\/2025\/TT-NHNN (Th\u00f4ng t\u01b0 25) s\u1eeda \u0111\u1ed5i, b\u1ed5 sung c\u00e1c n\u1ed9i dung t\u1ea1i \u0110i\u1ec1u 6 v\u00e0 m\u1ed9t s\u1ed1 \u0110i\u1ec1u kho\u1ea3n li\u00ean quan c\u1ee7a Th\u00f4ng t\u01b0 17, nh\u1eb1m t\u1ea1o thu\u1eadn l\u1ee3i trong vi\u1ec7c m\u1edf, s\u1eed d\u1ee5ng t\u00e0i kho\u1ea3n thanh to\u00e1n cho \u0111\u1ed1i t\u01b0\u1ee3ng l\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i l\u00e0 ng\u01b0\u1eddi kh\u00f4ng c\u01b0 tr\u00fa khi th\u1ef1c hi\u1ec7n ho\u1ea1t \u0111\u1ed9ng \u0111\u1ea7u t\u01b0 gi\u00e1n ti\u1ebfp t\u1ea1i Vi\u1ec7t Nam, nh\u1eb1m t\u1ea1o \u0111i\u1ec1u ki\u1ec7n t\u1ed1i \u01b0u nh\u1ea5t cho nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i.<\/p>\n\n\n\n

C\u0169ng trong n\u0103m 2025, B\u1ed9 T\u00e0i ch\u00ednh v\u00e0 \u1ee6y ban Ch\u1ee9ng kho\u00e1n Nh\u00e0 n\u01b0\u1edbc (UBCKNN) \u0111\u00e3 t\u00edch c\u1ef1c t\u1ed5 ch\u1ee9c \u0111\u1ed1i tho\u1ea1i v\u1edbi nhi\u1ec1u nh\u00e0 \u0111\u1ea7u t\u01b0, qu\u1ef9 l\u1edbn v\u00e0 t\u1ed5 ch\u1ee9c qu\u1ed1c t\u1ebf, \u0111\u1ea3m b\u1ea3o th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam \u0111\u01b0\u1ee3c \u0111\u00e1nh gi\u00e1 m\u1ed9t c\u00e1ch kh\u00e1ch quan, c\u00f4ng b\u1eb1ng v\u00e0 minh b\u1ea1ch. Quy\u1ebft \u0111\u1ecbnh \u0111\u01b0\u1ee3c n\u00e2ng h\u1ea1ng l\u00ean th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i m\u00e0 FTSE Russell c\u00f4ng b\u1ed1 r\u1ea1ng s\u00e1ng nay l\u00e0 “tr\u00e1i ng\u1ecdt” x\u1ee9ng \u0111\u00e1ng cho nh\u1eefng n\u1ed7 l\u1ef1c kh\u00f4ng ng\u1eebng ngh\u1ec9.<\/p>\n\n\n\n

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Theo b\u00e0 Nguy\u1ec5n Ho\u00e0ng Y\u1ebfn, Ch\u1ee7 t\u1ecbch H\u1ed9i \u0111\u1ed3ng qu\u1ea3n tr\u1ecb, C\u00f4ng ty CP Ch\u1ee9ng kho\u00e1n Mirae Asset Vi\u1ec7t Nam (MAS), \u0111\u00e2y l\u00e0 m\u1ed9t c\u1ed9t m\u1ed1c v\u00f4 c\u00f9ng \u0111\u1eb7c bi\u1ec7t, kh\u1eb3ng \u0111\u1ecbnh nh\u1eefng c\u1ea3i c\u00e1ch c\u1ee7a Vi\u1ec7t Nam trong 25 n\u0103m qua \u0111\u00e3 mang l\u1ea1i hi\u1ec7u qu\u1ea3 r\u00f5 r\u00e0ng v\u00e0 t\u00edch c\u1ef1c. Vi\u1ec7c n\u00e2ng h\u1ea1ng kh\u00f4ng ch\u1ec9 l\u00e0 thay \u0111\u1ed5i nh\u00e3n ph\u00e2n lo\u1ea1i, m\u00e0 c\u00f2n l\u00e0 s\u1ef1 c\u00f4ng nh\u1eadn qu\u1ed1c t\u1ebf v\u1ec1 \u0111\u1ed9 minh b\u1ea1ch, n\u0103ng l\u1ef1c v\u1eadn h\u00e0nh v\u00e0 s\u1ee9c h\u00fat c\u1ee7a th\u1ecb tr\u01b0\u1eddng v\u1ed1n Vi\u1ec7t Nam. V\u1ec1 v\u1ecb th\u1ebf qu\u1ed1c gia, \u0111\u00e2y l\u00e0 b\u01b0\u1edbc chuy\u1ec3n n\u00e2ng t\u1ea7m th\u01b0\u01a1ng hi\u1ec7u th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh Vi\u1ec7t Nam, song h\u00e0nh v\u1edbi \u0111\u00e0 v\u01b0\u01a1n l\u00ean v\u1ec1 kinh t\u1ebf nh\u1eefng n\u0103m g\u1ea7n \u0111\u00e2y. \u0110i\u1ec1u n\u00e0y gi\u00fap ch\u00fang ta k\u1ebft n\u1ed1i m\u1ea1nh m\u1ebd h\u01a1n v\u1edbi d\u00f2ng v\u1ed1n to\u00e0n c\u1ea7u.<\/p>\n\n\n\n

N\u00e2ng h\u1ea1ng th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n kh\u00f4ng ph\u1ea3i l\u00e0 \u0111\u00edch \u0111\u1ebfn cu\u1ed1i c\u00f9ng<\/strong><\/p>\n\n\n\n

Su\u1ed1t 1 th\u1eadp k\u1ef7 qua, nh\u00e0 \u0111\u1ea7u t\u01b0 v\u1eabn m\u01a1 v\u1ec1 m\u1ed9t gi\u1ea5c m\u01a1 n\u00e2ng h\u1ea1ng th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam. \u0110\u1ebfn nay, gi\u1ea5c m\u01a1 \u0111\u00e3 ch\u00ednh th\u1ee9c tr\u1edf th\u00e0nh hi\u1ec7n th\u1ef1c, Vi\u1ec7t Nam s\u1ebd tho\u00e1t b\u1ecf chi\u1ebfc \u00e1o ch\u1eadt ch\u1ed9i v\u00e0 b\u01b0\u1edbc ch\u00e2n v\u00e0o ph\u00e2n h\u1ea1ng m\u1edbi n\u1ed5i th\u1ee9 c\u1ea5p c\u00f9ng v\u1edbi nh\u1eefng qu\u1ed1c gia c\u00f3 t\u1ed1c \u0111\u1ed9 ph\u00e1t tri\u1ec3n kinh t\u1ebf n\u1ed5i b\u1eadt nh\u1ea5t khu v\u1ef1c nh\u01b0 \u1ea4n \u0110\u1ed9, hay n\u1ec1n kinh t\u1ebf gi\u00e0u t\u00e0i nguy\u00ean v\u00e0 \u0111ang c\u00f3 nh\u1eefng b\u01b0\u1edbc chuy\u1ec3n \u0111\u1ed5i \u1ea5n t\u01b0\u1ee3ng l\u00e0 \u1ea2 R\u1eadp X\u00ea-\u00fat.<\/p>\n\n\n\n

Th\u00e0nh qu\u1ea3 n\u00e0y kh\u00f4ng ch\u1ec9 mang l\u1ea1i d\u00f2ng v\u1ed1n h\u00e0ng t\u1ef7 USD t\u1eeb c\u00e1c qu\u1ef9 ch\u1ec9 s\u1ed1 th\u1ee5 \u0111\u1ed9ng, qu\u1ef9 ch\u1ee7 \u0111\u1ed9ng m\u00e0 c\u00f2n th\u00fac \u0111\u1ea9y c\u1ea3i thi\u1ec7n qu\u1ea3n tr\u1ecb doanh nghi\u1ec7p, minh b\u1ea1ch th\u00f4ng tin v\u00e0 \u0111a d\u1ea1ng h\u00f3a s\u1ea3n ph\u1ea9m t\u00e0i ch\u00ednh. H\u01a1n n\u1eefa, n\u00e2ng h\u1ea1ng s\u1ebd khuy\u1ebfn kh\u00edch doanh nghi\u1ec7p Vi\u1ec7t n\u00e2ng cao chu\u1ea9n m\u1ef1c to\u00e0n c\u1ea7u, t\u1eeb \u0111\u00f3 h\u1ed7 tr\u1ee3 t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf b\u1ec1n v\u1eefng, h\u01b0\u1edbng t\u1edbi m\u1ee5c ti\u00eau thu nh\u1eadp cao, t\u0103ng tr\u01b0\u1edfng xanh v\u00e0 bao tr\u00f9m v\u00e0o n\u0103m 2045.<\/p>\n\n\n\n

Theo \u00f4ng B\u00f9i V\u0103n Huy \u2013 Ph\u00f3 Ch\u1ee7 t\u1ecbch FIDT, vi\u1ec7c \u0111\u01b0\u1ee3c FTSE Russell n\u00e2ng h\u1ea1ng n\u1ebfu di\u1ec5n ra trong k\u1ef3 n\u00e0y, c\u00f3 th\u1ec3 tr\u1edf th\u00e0nh bi\u1ec3u t\u01b0\u1ee3ng m\u1edf m\u00e0n cho m\u1ed9t chu k\u1ef3 t\u0103ng tr\u01b0\u1edfng m\u1edbi c\u1ee7a kinh t\u1ebf Vi\u1ec7t Nam.<\/p>\n\n\n\n

“C\u00e2u chuy\u1ec7n n\u00e2ng h\u1ea1ng kh\u00f4ng ch\u1ec9 d\u1eebng l\u1ea1i \u1edf d\u00f2ng v\u1ed1n ngo\u1ea1i h\u00e0ng t\u1ef7 USD \u0111\u01b0\u1ee3c k\u1ef3 v\u1ecdng ch\u1ea3y v\u00e0o, m\u00e0 c\u00f2n l\u00e0 s\u1ef1 kh\u1eb3ng \u0111\u1ecbnh v\u1ecb th\u1ebf v\u00e0 ch\u1ea5t l\u01b0\u1ee3ng th\u1ec3 ch\u1ebf t\u00e0i ch\u00ednh c\u1ee7a Vi\u1ec7t Nam, \u0111\u00e1nh d\u1ea5u b\u01b0\u1edbc ti\u1ebfn quan tr\u1ecdng tr\u00ean h\u00e0nh tr\u00ecnh tr\u1edf th\u00e0nh n\u1ec1n kinh t\u1ebf th\u1ecb tr\u01b0\u1eddng hi\u1ec7n \u0111\u1ea1i, v\u1edbi khu v\u1ef1c t\u01b0 nh\u00e2n gi\u1eef vai tr\u00f2 trung t\u00e2m”,<\/em> \u00f4ng B\u00f9i V\u0103n Huy cho hay.<\/p>\n\n\n\n

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D\u1ef1 ph\u00f3ng 30 c\u1ed5 phi\u1ebfu Vi\u1ec7t Nam \u0111\u01b0\u1ee3c \u0111\u01b0a b\u1ed5 sung v\u00e0o danh m\u1ee5c \u0111\u1ea7u t\u01b0 c\u1ee7a c\u00e1c qu\u1ef9 ch\u1ec9 s\u1ed1 th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i<\/em><\/figcaption><\/figure>\n\n\n\n

Tuy nhi\u00ean, \u0111\u00e2y kh\u00f4ng ph\u1ea3i \u0111\u00edch \u0111\u1ebfn cu\u1ed1i c\u00f9ng c\u1ee7a TTCK Vi\u1ec7t Nam. T\u1edbi \u0111\u00e2y, Vi\u1ec7t Nam c\u1ea7n c\u00f3 danh m\u1ee5c \u0111\u1ea7u t\u01b0 h\u1ea5p d\u1eabn cho nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i. Theo \u0111\u00f3, c\u1ea7n ph\u1ea3i t\u0103ng c\u01b0\u1eddng minh b\u1ea1ch h\u00f3a c\u00f4ng b\u1ed1 th\u00f4ng tin, ph\u00e1t tri\u1ec3n s\u1ea3n ph\u1ea9m xanh, s\u1ea1ch, ESG, ph\u00f9 h\u1ee3p v\u1edbi c\u00e1c qu\u1ef9 hi\u1ec7n nay, ti\u1ebfp t\u1ee5c c\u1ea3i c\u00e1ch th\u1ee7 t\u1ee5c h\u00e0nh ch\u00ednh \u0111\u1ec3 nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i ti\u1ebfp c\u1eadn d\u1ec5 d\u00e0ng h\u01a1n. M\u1ee5c ti\u00eau cu\u1ed1i c\u00f9ng l\u00e0 ph\u00e1t tri\u1ec3n th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n \u1ed5n \u0111\u1ecbnh, minh b\u1ea1ch, \u0111\u1ed3ng th\u1eddi h\u1ed7 tr\u1ee3 hi\u1ec7u qu\u1ea3 cho n\u1ec1n kinh t\u1ebf, doanh nghi\u1ec7p v\u00e0 th\u1ecb tr\u01b0\u1eddng v\u1ed1n trung, d\u00e0i h\u1ea1n.<\/p>\n\n\n\n

Theo \u0110\u1ec1 \u00e1n N\u00e2ng h\u1ea1ng th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n \u0111\u01b0\u1ee3c Th\u1ee7 t\u01b0\u1edbng Ch\u00ednh ph\u1ee7 ph\u00ea duy\u1ec7t v\u00e0o ng\u00e0y 12\/09\/2025, Vi\u1ec7t Nam h\u01b0\u1edbng \u0111\u1ebfn c\u00e1c m\u1ee5c ti\u00eau c\u1ee5 th\u1ec3. Trong \u0111\u00f3, m\u1ee5c ti\u00eau ng\u1eafn h\u1ea1n l\u00e0 ss\u00e1p \u1ee9ng \u0111\u1ea7y \u0111\u1ee7 ti\u00eau ch\u00ed n\u00e2ng h\u1ea1ng t\u1eeb th\u1ecb tr\u01b0\u1eddng c\u1eadn bi\u00ean l\u00ean th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i th\u1ee9 c\u1ea5p c\u1ee7a FTSE Russell trong n\u0103m 2025; duy tr\u00ec x\u1ebfp h\u1ea1ng th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i th\u1ee9 c\u1ea5p c\u1ee7a FTSE Russell. M\u1ee5c ti\u00eau d\u00e0i h\u1ea1n l\u00e0 \u0111\u00e1p \u1ee9ng c\u00e1c ti\u00eau ch\u00ed n\u00e2ng h\u1ea1ng l\u00ean th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i c\u1ee7a MSCI v\u00e0 th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i b\u1eadc cao c\u1ee7a FTSE Russell t\u1eeb nay \u0111\u1ebfn n\u0103m 2030.<\/p>\n\n\n\n

T\u1ea1i cu\u1ed9c h\u1ecdp b\u00e1o g\u1ea7n nh\u1ea5t, Th\u1ee9 tr\u01b0\u1edfng B\u1ed9 T\u00e0i ch\u00ednh Nguy\u1ec5n \u0110\u1ee9c Chi kh\u1eb3ng \u0111\u1ecbnh vi\u1ec7c n\u00e2ng h\u1ea1ng th\u1ecb tr\u01b0\u1eddng l\u00e0 b\u01b0\u1edbc kh\u1edfi \u0111\u1ea7u, sau \u0111\u00f3 th\u1ecb tr\u01b0\u1eddng c\u00f2n ph\u1ea3i duy tr\u00ec v\u1ecb th\u1ebf v\u00e0 ti\u1ebfp t\u1ee5c h\u01b0\u1edbng \u0111\u1ebfn nh\u1eefng b\u01b0\u1edbc cao h\u01a1n trong t\u01b0\u01a1ng lai.<\/p>\n\n\n\n

“\u0110\u00e2y l\u00e0 d\u1ea5u m\u1ed1c quan tr\u1ecdng cho s\u1ef1 ph\u00e1t tri\u1ec3n c\u1ee7a th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n s\u1edbm minh b\u1ea1ch h\u01a1n n\u1eefa \u0111\u1ec3 h\u1ed7 tr\u1ee3 doanh nghi\u1ec7p trong qu\u00e1 tr\u00ecnh huy \u0111\u1ed9ng v\u1ed1n v\u00e0 t\u1eeb \u0111\u00f3 th\u00fac \u0111\u1ea9y th\u1ecb tr\u01b0\u1eddng v\u1ed1n v\u00e0 n\u1ec1n kinh t\u1ebf ph\u00e1t tri\u1ec3n”, Th\u1ee9<\/em> tr\u01b0\u1edfng B\u1ed9 T\u00e0i ch\u00ednh nh\u1eadn \u0111\u1ecbnh.<\/p>\n\n\n\n

Nh\u00ecn chung, Vi\u1ec7t Nam \u0111ang b\u01b0\u1edbc v\u00e0o “K\u1ef7 nguy\u00ean v\u01b0\u01a1n m\u00ecnh” v\u00e0 TTCK \u0111\u00e3 s\u1eb5n cho giai \u0111o\u1ea1n ph\u00e1t tri\u1ec3n m\u1edbi, b\u1ec1n v\u1eefng h\u01a1n, chu\u1ea9n m\u1ef1c h\u01a1n. Vi\u1ec7c duy tr\u00ec \u0111\u01b0\u1ee3c v\u1ecb tr\u00ed trong nh\u00f3m m\u1edbi n\u1ed5i l\u00e0 \u0111i\u1ec1u quan tr\u1ecdng, sau \u0111\u00f3 ti\u1ebfn t\u1edbi nh\u1eefng b\u1eadc cao h\u01a1n. \u0110\u1ed3ng th\u1eddi, Vi\u1ec7t Nam c\u0169ng c\u1ea7n t\u1eadn d\u1ee5ng t\u1ed1i \u0111a nh\u1eefng l\u1ee3i \u00edch t\u1eeb vi\u1ec7c n\u00e2ng h\u1ea1ng \u0111\u1ec3 th\u00fac \u0111\u1ea9y th\u1ecb tr\u01b0\u1eddng ph\u00e1t tri\u1ec3n b\u1ec1n v\u1eefng.<\/p>\n\n\n\n

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Ngu\u00f4\u0300n: https:\/\/markettimes.vn\/hanh-trinh-chong-gai-thanh-qua-ruc-ro-viet-nam-tien-len-thi-truong-moi-noi-sau-thap-ky-cho-doi-92298.html<\/p>\n","protected":false},"excerpt":{"rendered":"

Th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam ch\u00ednh th\u1ee9c \u0111\u01b0\u1ee3c FTSE Russell n\u00e2ng h\u1ea1ng l\u00ean th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i th\u1ee9 c\u1ea5p, \u0111\u00e1nh d\u1ea5u c\u1ed9t m\u1ed1c l\u1ecbch s\u1eed sau h\u01a1n m\u1ed9t th\u1eadp k\u1ef7 c\u1ea3i c\u00e1ch. Quy\u1ebft \u0111\u1ecbnh n\u00e0y m\u1edf ra l\u00e0n s\u00f3ng v\u1ed1n \u0111\u1ea7u t\u01b0 qu\u1ed1c t\u1ebf, th\u00fac \u0111\u1ea9y t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf v\u00e0 n\u00e2ng t\u1ea7m v\u1ecb th\u1ebf t\u00e0i ch\u00ednh Vi\u1ec7t Nam tr\u00ean b\u1ea3n \u0111\u1ed3 to\u00e0n c\u1ea7u.<\/p>\n","protected":false},"author":1,"featured_media":2321,"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":[177],"tags":[548,250,355,555,554,551,285,359,558,276,557,270,556,559,544,447,542,522,490,550,450,553,543,547,552,549,545,546,356,351],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/ckvn.net\/chung-khoan\/wp-json\/wp\/v2\/posts\/2320"}],"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=2320"}],"version-history":[{"count":5,"href":"https:\/\/ckvn.net\/chung-khoan\/wp-json\/wp\/v2\/posts\/2320\/revisions"}],"predecessor-version":[{"id":2330,"href":"https:\/\/ckvn.net\/chung-khoan\/wp-json\/wp\/v2\/posts\/2320\/revisions\/2330"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ckvn.net\/chung-khoan\/wp-json\/wp\/v2\/media\/2321"}],"wp:attachment":[{"href":"https:\/\/ckvn.net\/chung-khoan\/wp-json\/wp\/v2\/media?parent=2320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ckvn.net\/chung-khoan\/wp-json\/wp\/v2\/categories?post=2320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ckvn.net\/chung-khoan\/wp-json\/wp\/v2\/tags?post=2320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}