{"id":301710,"date":"2025-07-10T22:29:41","date_gmt":"2025-07-10T22:29:41","guid":{"rendered":"https:\/\/pocketoption.com\/blog\/news-events\/data\/pharmaceutical-stocks-2\/"},"modified":"2025-07-10T22:29:41","modified_gmt":"2025-07-10T22:29:41","slug":"pharmaceutical-stocks","status":"publish","type":"post","link":"https:\/\/pocketoption.com\/blog\/vt\/knowledge-base\/markets\/pharmaceutical-stocks\/","title":{"rendered":"C\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m: Chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 hi\u1ec7u qu\u1ea3 cho nh\u00e0 \u0111\u1ea7u t\u01b0 Vi\u1ec7t Nam v\u00e0o n\u0103m 2025"},"content":{"rendered":"<div id=\"root\"><div id=\"wrap-img-root\"><\/div><\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":45,"featured_media":179261,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21],"tags":[47,28,45],"class_list":["post-301710","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","tag-beginner","tag-investment","tag-stock"],"acf":{"h1":"Pocket Option: C\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m - Ph\u00e2n t\u00edch v\u00e0 tri\u1ec3n v\u1ecdng \u0111\u1ea7u t\u01b0 2025","h1_source":{"label":"H1","type":"text","formatted_value":"Pocket Option: C\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m - Ph\u00e2n t\u00edch v\u00e0 tri\u1ec3n v\u1ecdng \u0111\u1ea7u t\u01b0 2025"},"description":"C\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m: Ph\u00e2n t\u00edch chuy\u00ean s\u00e2u v\u00e0 chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 \u0111\u1ed9c \u0111\u00e1o cho th\u1ecb tr\u01b0\u1eddng Vi\u1ec7t Nam. Kh\u00e1m ph\u00e1 c\u01a1 h\u1ed9i l\u1ee3i nhu\u1eadn b\u1ec1n v\u1eefng v\u1edbi Pocket Option ngay b\u00e2y gi\u1edd.","description_source":{"label":"Description","type":"textarea","formatted_value":"C\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m: Ph\u00e2n t\u00edch chuy\u00ean s\u00e2u v\u00e0 chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 \u0111\u1ed9c \u0111\u00e1o cho th\u1ecb tr\u01b0\u1eddng Vi\u1ec7t Nam. Kh\u00e1m ph\u00e1 c\u01a1 h\u1ed9i l\u1ee3i nhu\u1eadn b\u1ec1n v\u1eefng v\u1edbi Pocket Option ngay b\u00e2y gi\u1edd."},"intro":"Th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n d\u01b0\u1ee3c ph\u1ea9m Vi\u1ec7t Nam \u0111ang ph\u00e1t tri\u1ec3n m\u1ea1nh m\u1ebd, t\u1ea1o ra c\u01a1 h\u1ed9i \u0111\u1ea7u t\u01b0 h\u1ea5p d\u1eabn cho c\u1ea3 nh\u00e0 \u0111\u1ea7u t\u01b0 m\u1edbi v\u00e0 c\u00f3 kinh nghi\u1ec7m. B\u00e0i vi\u1ebft n\u00e0y cung c\u1ea5p ph\u00e2n t\u00edch s\u00e2u s\u1eafc v\u1ec1 c\u00e1c xu h\u01b0\u1edbng hi\u1ec7n t\u1ea1i, m\u00e3 c\u1ed5 phi\u1ebfu ti\u1ec1m n\u0103ng v\u00e0 chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 hi\u1ec7u qu\u1ea3 d\u00e0nh ri\u00eang cho th\u1ecb tr\u01b0\u1eddng Vi\u1ec7t Nam v\u00e0o n\u0103m 2025.","intro_source":{"label":"Intro","type":"text","formatted_value":"Th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n d\u01b0\u1ee3c ph\u1ea9m Vi\u1ec7t Nam \u0111ang ph\u00e1t tri\u1ec3n m\u1ea1nh m\u1ebd, t\u1ea1o ra c\u01a1 h\u1ed9i \u0111\u1ea7u t\u01b0 h\u1ea5p d\u1eabn cho c\u1ea3 nh\u00e0 \u0111\u1ea7u t\u01b0 m\u1edbi v\u00e0 c\u00f3 kinh nghi\u1ec7m. B\u00e0i vi\u1ebft n\u00e0y cung c\u1ea5p ph\u00e2n t\u00edch s\u00e2u s\u1eafc v\u1ec1 c\u00e1c xu h\u01b0\u1edbng hi\u1ec7n t\u1ea1i, m\u00e3 c\u1ed5 phi\u1ebfu ti\u1ec1m n\u0103ng v\u00e0 chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 hi\u1ec7u qu\u1ea3 d\u00e0nh ri\u00eang cho th\u1ecb tr\u01b0\u1eddng Vi\u1ec7t Nam v\u00e0o n\u0103m 2025."},"body_html":"<div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>T\u1ed5ng quan v\u1ec1 c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m t\u1ea1i Vi\u1ec7t Nam<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Th\u1ecb tr\u01b0\u1eddng c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m t\u1ea1i Vi\u1ec7t Nam \u0111\u00e3 tr\u1ea3i qua nh\u1eefng bi\u1ebfn \u0111\u1ed9ng \u0111\u00e1ng k\u1ec3 trong giai \u0111o\u1ea1n 2023-2025. V\u1edbi d\u00e2n s\u1ed1 g\u1ea7n 100 tri\u1ec7u ng\u01b0\u1eddi v\u00e0 chi ti\u00eau y t\u1ebf b\u00ecnh qu\u00e2n \u0111\u1ea7u ng\u01b0\u1eddi t\u0103ng 12,7% h\u00e0ng n\u0103m, ng\u00e0nh d\u01b0\u1ee3c ph\u1ea9m c\u1ee7a Vi\u1ec7t Nam \u0111ang ph\u00e1t tri\u1ec3n nhanh ch\u00f3ng, d\u1ef1 ki\u1ebfn \u0111\u1ea1t t\u1ed1c \u0111\u1ed9 t\u0103ng tr\u01b0\u1edfng k\u00e9p h\u00e0ng n\u0103m (CAGR) t\u1eeb 8-10% t\u1eeb nay \u0111\u1ebfn n\u0103m 2030.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Hi\u1ec7n c\u00f3 23 c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m ni\u00eam y\u1ebft tr\u00ean c\u00e1c s\u00e0n giao d\u1ecbch ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam (HOSE, HNX v\u00e0 UPCOM), v\u1edbi t\u1ed5ng v\u1ed1n h\u00f3a th\u1ecb tr\u01b0\u1eddng kho\u1ea3ng 90 ngh\u00ecn t\u1ef7 VND. C\u00e1c c\u00f4ng ty n\u00e0y ho\u1ea1t \u0111\u1ed9ng trong nhi\u1ec1u ph\u00e2n kh\u00fac, t\u1eeb s\u1ea3n xu\u1ea5t thu\u1ed1c generic, th\u1ef1c ph\u1ea9m ch\u1ee9c n\u0103ng \u0111\u1ebfn ph\u00e2n ph\u1ed1i d\u01b0\u1ee3c ph\u1ea9m v\u00e0 nghi\u00ean c\u1ee9u ph\u00e1t tri\u1ec3n.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>\u0110\u1ea7u t\u01b0 v\u00e0o c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m ng\u00e0y c\u00e0ng h\u1ea5p d\u1eabn do \u0111\u1eb7c t\u00ednh ph\u00f2ng th\u1ee7 cao trong c\u00e1c giai \u0111o\u1ea1n bi\u1ebfn \u0111\u1ed9ng kinh t\u1ebf v\u00e0 ti\u1ec1m n\u0103ng t\u0103ng tr\u01b0\u1edfng d\u00e0i h\u1ea1n. D\u1eef li\u1ec7u t\u1eeb SSI Research cho th\u1ea5y trong giai \u0111o\u1ea1n \u0111i\u1ec1u ch\u1ec9nh th\u1ecb tr\u01b0\u1eddng 2023-2024, nhi\u1ec1u c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m v\u1eabn duy tr\u00ec t\u0103ng tr\u01b0\u1edfng t\u00edch c\u1ef1c, th\u1ec3 hi\u1ec7n s\u1ef1 \u1ed5n \u0111\u1ecbnh c\u1ee7a ng\u00e0nh n\u00e0y.<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>\u0110\u1eb7c \u0111i\u1ec3m<\/th><th>Tr\u1ea1ng th\u00e1i hi\u1ec7n t\u1ea1i c\u1ee7a ng\u00e0nh d\u01b0\u1ee3c ph\u1ea9m Vi\u1ec7t Nam (2025)<\/th><\/tr><\/thead><tbody><tr><td>T\u1ed5ng gi\u00e1 tr\u1ecb th\u1ecb tr\u01b0\u1eddng<\/td><td>Kho\u1ea3ng 8,2 t\u1ef7 USD<\/td><\/tr><tr><td>T\u1ed1c \u0111\u1ed9 t\u0103ng tr\u01b0\u1edfng<\/td><td>9,5% (2024-2025)<\/td><\/tr><tr><td>S\u1ed1 l\u01b0\u1ee3ng c\u00f4ng ty ni\u00eam y\u1ebft<\/td><td>23 c\u00f4ng ty<\/td><\/tr><tr><td>T\u1ef7 l\u1ec7 thu\u1ed1c n\u1ed9i\/nh\u1eadp kh\u1ea9u<\/td><td>48%\/52%<\/td><\/tr><tr><td>Chi ti\u00eau y t\u1ebf b\u00ecnh qu\u00e2n \u0111\u1ea7u ng\u01b0\u1eddi<\/td><td>215 USD\/n\u0103m<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><h3 class='po-article-page__title'>\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a th\u1ecb tr\u01b0\u1eddng d\u01b0\u1ee3c ph\u1ea9m Vi\u1ec7t Nam<\/h3><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Th\u1ecb tr\u01b0\u1eddng d\u01b0\u1ee3c ph\u1ea9m Vi\u1ec7t Nam c\u00f3 nh\u1eefng \u0111\u1eb7c \u0111i\u1ec3m ri\u00eang bi\u1ec7t m\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n hi\u1ec3u r\u00f5 tr\u01b0\u1edbc khi quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0 v\u00e0o c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m. Sau \u0111\u1ea1i d\u1ecbch COVID-19, ng\u00e0nh n\u00e0y \u0111\u00e3 tr\u1ea3i qua nhi\u1ec1u thay \u0111\u1ed5i c\u1ea3 v\u1ec1 c\u1ea5u tr\u00fac th\u1ecb tr\u01b0\u1eddng v\u00e0 h\u00e0nh vi ti\u00eau d\u00f9ng.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>\u0110i\u1ec3m \u0111\u00e1ng ch\u00fa \u00fd \u0111\u1ea7u ti\u00ean l\u00e0 khung ph\u00e1p l\u00fd nghi\u00eam ng\u1eb7t. C\u00e1c c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m ch\u1ecbu s\u1ef1 qu\u1ea3n l\u00fd ch\u1eb7t ch\u1ebd t\u1eeb C\u1ee5c Qu\u1ea3n l\u00fd D\u01b0\u1ee3c - B\u1ed9 Y t\u1ebf, v\u1edbi nhi\u1ec1u quy \u0111\u1ecbnh v\u1ec1 ch\u1ea5t l\u01b0\u1ee3ng, \u0111\u0103ng k\u00fd v\u00e0 l\u01b0u h\u00e0nh thu\u1ed1c. Th\u00f4ng t\u01b0 29\/2023\/TT-BYT v\u1ec1 \u0111\u1ea5u th\u1ea7u thu\u1ed1c (thay th\u1ebf Th\u00f4ng t\u01b0 15\/2019) \u0111\u00e3 t\u1ea1o ra m\u00f4i tr\u01b0\u1eddng c\u1ea1nh tranh m\u1edbi gi\u1eefa c\u00e1c nh\u00e0 s\u1ea3n xu\u1ea5t.<\/p><\/div><div class='po-container po-container_width_article-sm article-content po-article-page__text'><ul class='po-article-page-list'><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>T\u00ednh ph\u00e1p l\u00fd cao v\u1edbi h\u01a1n 30 v\u0103n b\u1ea3n ph\u00e1p lu\u1eadt \u0111i\u1ec1u ch\u1ec9nh<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Ph\u1ee5 thu\u1ed9c nhi\u1ec1u v\u00e0o nguy\u00ean li\u1ec7u nh\u1eadp kh\u1ea9u (65-70% API t\u1eeb n\u01b0\u1edbc ngo\u00e0i)<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>C\u1ea1nh tranh kh\u1ed1c li\u1ec7t gi\u1eefa c\u00e1c doanh nghi\u1ec7p trong n\u01b0\u1edbc v\u00e0 h\u01a1n 50 c\u00f4ng ty \u0111a qu\u1ed1c gia<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>M\u1ea1ng l\u01b0\u1edbi ph\u00e2n ph\u1ed1i ph\u00e1t tri\u1ec3n v\u1edbi h\u01a1n 40.000 nh\u00e0 thu\u1ed1c tr\u00ean to\u00e0n qu\u1ed1c<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Xu h\u01b0\u1edbng chuy\u1ec3n d\u1ecbch t\u1eeb \u0111i\u1ec1u tr\u1ecb sang ph\u00f2ng ng\u1eeba v\u00e0 ch\u0103m s\u00f3c s\u1ee9c kh\u1ecfe<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>Ph\u00e2n t\u00edch c\u00e1c y\u1ebfu t\u1ed1 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Gi\u00e1 c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m b\u1ecb \u1ea3nh h\u01b0\u1edfng b\u1edfi nhi\u1ec1u y\u1ebfu t\u1ed1 c\u1ee5 th\u1ec3. Kh\u00e1c v\u1edbi nhi\u1ec1u ng\u00e0nh kh\u00e1c, c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m kh\u00f4ng ch\u1ec9 ph\u1ea3n \u00e1nh k\u1ebft qu\u1ea3 kinh doanh m\u00e0 c\u00f2n ph\u1ee5 thu\u1ed9c v\u00e0o c\u00e1c y\u1ebfu t\u1ed1 ch\u00ednh s\u00e1ch, khoa h\u1ecdc v\u00e0 xu h\u01b0\u1edbng ti\u00eau d\u00f9ng.<\/p><\/div><div class='po-container po-container_width_article-sm'><h3 class='po-article-page__title'>C\u00e1c y\u1ebfu t\u1ed1 v\u0129 m\u00f4 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn c\u1ed5 phi\u1ebfu c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m<\/h3><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Ch\u00ednh s\u00e1ch y t\u1ebf \u0111\u00f3ng vai tr\u00f2 then ch\u1ed1t trong vi\u1ec7c \u0111\u1ecbnh h\u00ecnh th\u1ecb tr\u01b0\u1eddng d\u01b0\u1ee3c ph\u1ea9m Vi\u1ec7t Nam. Chi\u1ebfn l\u01b0\u1ee3c qu\u1ed1c gia ph\u00e1t tri\u1ec3n ng\u00e0nh c\u00f4ng nghi\u1ec7p d\u01b0\u1ee3c \u0111\u1ebfn n\u0103m 2030 v\u00e0 t\u1ea7m nh\u00ecn \u0111\u1ebfn n\u0103m 2045 \u0111\u00e3 \u0111\u1eb7t m\u1ee5c ti\u00eau t\u0103ng t\u1ef7 l\u1ec7 thu\u1ed1c s\u1ea3n xu\u1ea5t trong n\u01b0\u1edbc l\u00ean 80%, t\u1ea1o \u0111\u1ed9ng l\u1ef1c cho c\u00e1c c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m trong n\u01b0\u1edbc.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Ngo\u00e0i ra, c\u00e1c quy \u0111\u1ecbnh m\u1edbi v\u1ec1 \u0111\u1ea5u th\u1ea7u thu\u1ed1c trong Th\u00f4ng t\u01b0 29\/2023\/TT-BYT (c\u00f3 hi\u1ec7u l\u1ef1c t\u1eeb ng\u00e0y 1 th\u00e1ng 1 n\u0103m 2024) \u0111\u00e3 t\u1ea1o ra l\u1ee3i th\u1ebf cho c\u00e1c c\u00f4ng ty c\u00f3 nh\u00e0 m\u00e1y \u0111\u1ea1t ti\u00eau chu\u1ea9n EU-GMP ho\u1eb7c PIC\/S-GMP. Theo d\u1eef li\u1ec7u t\u1eeb C\u1ee5c Qu\u1ea3n l\u00fd D\u01b0\u1ee3c, hi\u1ec7n ch\u1ec9 c\u00f3 5 c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m Vi\u1ec7t Nam \u0111\u1ea1t ti\u00eau chu\u1ea9n EU-GMP v\u00e0 9 c\u00f4ng ty \u0111\u1ea1t ti\u00eau chu\u1ea9n PIC\/S-GMP, t\u1ea1o ra l\u1ee3i th\u1ebf c\u1ea1nh tranh r\u00f5 r\u1ec7t.<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Y\u1ebfu t\u1ed1 v\u0129 m\u00f4<\/th><th>T\u00e1c \u0111\u1ed9ng \u0111\u1ebfn c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m<\/th><\/tr><\/thead><tbody><tr><td>Th\u00f4ng t\u01b0 29\/2023\/TT-BYT<\/td><td>\u01afu ti\u00ean cho c\u00e1c nh\u00e0 s\u1ea3n xu\u1ea5t thu\u1ed1c \u0111\u1ea1t ti\u00eau chu\u1ea9n EU-GMP, PIC\/S-GMP<\/td><\/tr><tr><td>Bi\u1ebfn \u0111\u1ed9ng t\u1ef7 gi\u00e1 VND\/USD (+5,2% trong 2024)<\/td><td>T\u0103ng chi ph\u00ed nguy\u00ean li\u1ec7u nh\u1eadp kh\u1ea9u, gi\u1ea3m bi\u00ean l\u1ee3i nhu\u1eadn 1,5-2,5%<\/td><\/tr><tr><td>B\u1ea3o hi\u1ec3m y t\u1ebf (ph\u1ee7 s\u00f3ng \u0111\u1ea1t 92,7% d\u00e2n s\u1ed1)<\/td><td>T\u0103ng ti\u00eau th\u1ee5 thu\u1ed1c qua k\u00eanh ETC (b\u1ec7nh vi\u1ec7n)<\/td><\/tr><tr><td>L\u1ea1m ph\u00e1t y t\u1ebf (6,3% trong 2024)<\/td><td>\u00c1p l\u1ef1c l\u00ean gi\u00e1 thu\u1ed1c v\u00e0 chi ph\u00ed s\u1ea3n xu\u1ea5t<\/td><\/tr><tr><td>Quy \u0111\u1ecbnh chuy\u1ec3n \u0111\u1ed5i s\u1ed1 y t\u1ebf<\/td><td>Th\u00fac \u0111\u1ea9y \u0111\u1ea7u t\u01b0 v\u00e0o c\u00f4ng ngh\u1ec7 v\u00e0 th\u01b0\u01a1ng m\u1ea1i \u0111i\u1ec7n t\u1eed d\u01b0\u1ee3c ph\u1ea9m<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>D\u00e2n s\u1ed1 gi\u00e0 h\u00f3a \u0111ang di\u1ec5n ra nhanh ch\u00f3ng t\u1ea1i Vi\u1ec7t Nam, v\u1edbi t\u1ef7 l\u1ec7 ng\u01b0\u1eddi tr\u00ean 60 tu\u1ed5i \u0111\u00e3 t\u0103ng t\u1eeb 12% n\u0103m 2020 l\u00ean 13,3% n\u0103m 2025, v\u00e0 d\u1ef1 ki\u1ebfn \u0111\u1ea1t 21% v\u00e0o n\u0103m 2035. Theo th\u1ed1ng k\u00ea t\u1eeb B\u1ed9 Y t\u1ebf, ng\u01b0\u1eddi cao tu\u1ed5i ti\u00eau th\u1ee5 trung b\u00ecnh g\u1ea5p 3,2 l\u1ea7n thu\u1ed1c so v\u1edbi ng\u01b0\u1eddi trong \u0111\u1ed9 tu\u1ed5i lao \u0111\u1ed9ng, \u0111\u1eb7c bi\u1ec7t l\u00e0 c\u00e1c lo\u1ea1i thu\u1ed1c cho b\u1ec7nh m\u00e3n t\u00ednh nh\u01b0 tim m\u1ea1ch, ti\u1ec3u \u0111\u01b0\u1eddng v\u00e0 b\u1ec7nh x\u01b0\u01a1ng kh\u1edbp.<\/p><\/div><div class='po-container po-container_width_article-sm'><h3 class='po-article-page__title'>C\u00e1c y\u1ebfu t\u1ed1 vi m\u00f4 c\u1ee5 th\u1ec3 c\u1ee7a c\u00e1c c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m<\/h3><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Hi\u1ec7u qu\u1ea3 kinh doanh c\u1ee7a t\u1eebng c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m ph\u1ee5 thu\u1ed9c v\u00e0o nhi\u1ec1u y\u1ebfu t\u1ed1 n\u1ed9i t\u1ea1i. \u0110\u00e1ng ch\u00fa \u00fd, c\u00e1c c\u00f4ng ty c\u00f3 doanh thu cao t\u1eeb k\u00eanh OTC (nh\u00e0 thu\u1ed1c) th\u01b0\u1eddng \u00edt b\u1ecb \u1ea3nh h\u01b0\u1edfng b\u1edfi c\u00e1c thay \u0111\u1ed5i trong ch\u00ednh s\u00e1ch \u0111\u1ea5u th\u1ea7u thu\u1ed1c, nh\u01b0ng ph\u1ea3i \u0111\u1ed1i m\u1eb7t v\u1edbi chi ph\u00ed ti\u1ebfp th\u1ecb cao h\u01a1n (15-20% doanh thu) v\u00e0 c\u1ea1nh tranh gay g\u1eaft h\u01a1n.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Ph\u00e2n t\u00edch t\u1eeb VNDirect cho th\u1ea5y c\u00e1c c\u00f4ng ty c\u00f3 t\u1ef7 l\u1ec7 doanh thu OTC tr\u00ean 70% nh\u01b0 DHG, TRA c\u00f3 bi\u00ean l\u1ee3i nhu\u1eadn g\u1ed9p dao \u0111\u1ed9ng t\u1eeb 45-48%, cao h\u01a1n \u0111\u00e1ng k\u1ec3 so v\u1edbi c\u00e1c c\u00f4ng ty ph\u1ee5 thu\u1ed9c v\u00e0o k\u00eanh ETC (35-40%). Tuy nhi\u00ean, chi ph\u00ed b\u00e1n h\u00e0ng c\u1ee7a nh\u00f3m OTC c\u0169ng cao h\u01a1n 1,5-2 l\u1ea7n, khi\u1ebfn bi\u00ean l\u1ee3i nhu\u1eadn r\u00f2ng kh\u00f4ng kh\u00e1c bi\u1ec7t nhi\u1ec1u gi\u1eefa hai nh\u00f3m.<\/p><\/div><div class='po-container po-container_width_article-sm article-content po-article-page__text'><ul class='po-article-page-list'><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Danh m\u1ee5c s\u1ea3n ph\u1ea9m (s\u1ed1 l\u01b0\u1ee3ng, \u0111a d\u1ea1ng, \u0111\u1ed9c quy\u1ec1n) quy\u1ebft \u0111\u1ecbnh kh\u1ea3 n\u0103ng c\u1ea1nh tranh<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>C\u01a1 c\u1ea5u doanh thu OTC\/ETC \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn bi\u00ean l\u1ee3i nhu\u1eadn v\u00e0 s\u1ef1 \u1ed5n \u0111\u1ecbnh<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Ti\u00eau chu\u1ea9n nh\u00e0 m\u00e1y (WHO-GMP, EU-GMP, PIC\/S-GMP) \u1ea3nh h\u01b0\u1edfng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn kh\u1ea3 n\u0103ng \u0111\u1ea5u th\u1ea7u<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Kh\u1ea3 n\u0103ng R&amp;D quy\u1ebft \u0111\u1ecbnh kh\u1ea3 n\u0103ng \u0111\u1ed5i m\u1edbi s\u1ea3n ph\u1ea9m (hi\u1ec7n ch\u1ec9 c\u00f3 5% c\u00f4ng ty d\u01b0\u1ee3c Vi\u1ec7t Nam \u0111\u1ea7u t\u01b0 tr\u00ean 5% doanh thu v\u00e0o R&amp;D)<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Hi\u1ec7u qu\u1ea3 qu\u1ea3n l\u00fd h\u00e0ng t\u1ed3n kho v\u00e0 n\u1ee3 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn d\u00f2ng ti\u1ec1n v\u00e0 ROA<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>M\u1ed9t \u0111i\u1ec3m \u00edt \u0111\u01b0\u1ee3c ch\u00fa \u00fd nh\u01b0ng c\u00f3 t\u00e1c \u0111\u1ed9ng l\u1edbn \u0111\u1ebfn tri\u1ec3n v\u1ecdng c\u1ee7a c\u00e1c c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m l\u00e0 chu k\u1ef3 h\u1ebft h\u1ea1n b\u1ea3o h\u1ed9 b\u1eb1ng s\u00e1ng ch\u1ebf c\u1ee7a c\u00e1c thu\u1ed1c g\u1ed1c. Trong giai \u0111o\u1ea1n 2025-2027, nhi\u1ec1u thu\u1ed1c bom t\u1ea5n v\u1edbi doanh thu to\u00e0n c\u1ea7u h\u00e0ng t\u1ef7 USD s\u1ebd h\u1ebft h\u1ea1n, t\u1ea1o c\u01a1 h\u1ed9i cho c\u00e1c nh\u00e0 s\u1ea3n xu\u1ea5t thu\u1ed1c generic t\u1ea1i Vi\u1ec7t Nam. Theo IQVIA, gi\u00e1 thu\u1ed1c generic th\u01b0\u1eddng ch\u1ec9 b\u1eb1ng 30-40% gi\u00e1 thu\u1ed1c g\u1ed1c, nh\u01b0ng mang l\u1ea1i bi\u00ean l\u1ee3i nhu\u1eadn t\u1ed1t cho c\u00e1c nh\u00e0 s\u1ea3n xu\u1ea5t trong n\u01b0\u1edbc.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>C\u00e1c m\u00e3 c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m ti\u1ec1m n\u0103ng h\u00e0ng \u0111\u1ea7u<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Th\u1ecb tr\u01b0\u1eddng c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m Vi\u1ec7t Nam c\u00f3 nhi\u1ec1u m\u00e3 h\u1ea5p d\u1eabn \u0111\u00e1ng \u0111\u1ec3 nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e2n nh\u1eafc trong n\u0103m 2025. D\u01b0\u1edbi \u0111\u00e2y l\u00e0 ph\u00e2n t\u00edch chi ti\u1ebft v\u1ec1 m\u1ed9t s\u1ed1 c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m n\u1ed5i b\u1eadt d\u1ef1a tr\u00ean k\u1ebft qu\u1ea3 kinh doanh g\u1ea7n \u0111\u00e2y, chi\u1ebfn l\u01b0\u1ee3c ph\u00e1t tri\u1ec3n v\u00e0 \u0111\u1ecbnh gi\u00e1 hi\u1ec7n t\u1ea1i.<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>M\u00e3 c\u1ed5 phi\u1ebfu<\/th><th>L\u0129nh v\u1ef1c kinh doanh ch\u00ednh<\/th><th>\u0110i\u1ec3m m\u1ea1nh<\/th><th>\u0110i\u1ec3m c\u1ea7n l\u01b0u \u00fd<\/th><\/tr><\/thead><tbody><tr><td>DHG<\/td><td>Thu\u1ed1c generic, th\u1ef1c ph\u1ea9m ch\u1ee9c n\u0103ng<\/td><td>5% th\u1ecb ph\u1ea7n to\u00e0n th\u1ecb tr\u01b0\u1eddng, ROE 18,2%, nh\u00e0 m\u00e1y \u0111\u1ea1t chu\u1ea9n EU-GMP, h\u1ed7 tr\u1ee3 R&amp;D t\u1eeb Taisho<\/td><td>T\u0103ng tr\u01b0\u1edfng ch\u1eadm l\u1ea1i (5,7% trong 2024), P\/E cao (18,5x)<\/td><\/tr><tr><td>TRA<\/td><td>D\u01b0\u1ee3c ph\u1ea9m, m\u1ef9 ph\u1ea9m, th\u1ef1c ph\u1ea9m ch\u1ee9c n\u0103ng<\/td><td>T\u0103ng tr\u01b0\u1edfng doanh thu 12,3% (2024), nh\u00e0 m\u00e1y m\u1edbi \u0111\u1ea1t chu\u1ea9n PIC\/S-GMP, R&amp;D m\u1ea1nh<\/td><td>T\u1ef7 l\u1ec7 n\u1ee3 cao (0,9x), bi\u00ean l\u1ee3i nhu\u1eadn b\u1ecb \u1ea3nh h\u01b0\u1edfng b\u1edfi chi ph\u00ed kh\u1ea5u hao<\/td><\/tr><tr><td>DMC<\/td><td>Kh\u00e1ng sinh, vitamin, kho\u00e1ng ch\u1ea5t<\/td><td>Xu\u1ea5t kh\u1ea9u sang 14 th\u1ecb tr\u01b0\u1eddng, t\u0103ng tr\u01b0\u1edfng \u1ed5n \u0111\u1ecbnh 8-10%\/n\u0103m, ROE 15,6%<\/td><td>Ph\u1ee5 thu\u1ed9c v\u00e0o nguy\u00ean li\u1ec7u nh\u1eadp kh\u1ea9u (75% COGS), bi\u00ean l\u1ee3i nhu\u1eadn th\u1ea5p<\/td><\/tr><tr><td>DBD<\/td><td>Thu\u1ed1c tim m\u1ea1ch, ti\u00eau h\u00f3a<\/td><td>L\u1ee3i th\u1ebf khu v\u1ef1c mi\u1ec1n Trung, chi ph\u00ed th\u1ea5p, c\u1ed5 t\u1ee9c \u1ed5n \u0111\u1ecbnh 7-8%\/n\u0103m<\/td><td>Quy m\u00f4 nh\u1ecf (v\u1ed1n h\u00f3a 820 t\u1ef7 VND), thanh kho\u1ea3n th\u1ea5p (45.000 c\u1ed5 phi\u1ebfu\/ng\u00e0y)<\/td><\/tr><tr><td>OPC<\/td><td>D\u01b0\u1ee3c li\u1ec7u, thu\u1ed1c th\u1ea3o d\u01b0\u1ee3c<\/td><td>35ha v\u00f9ng nguy\u00ean li\u1ec7u, h\u01b0\u1edfng l\u1ee3i t\u1eeb xu h\u01b0\u1edbng s\u1eed d\u1ee5ng thu\u1ed1c t\u1ef1 nhi\u00ean<\/td><td>C\u1ea1nh tranh v\u1edbi s\u1ea3n ph\u1ea9m Trung Qu\u1ed1c, t\u00ednh m\u00f9a v\u1ee5 cao, P\/E th\u1ea5p (9,5x)<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Khi ph\u00e2n t\u00edch c\u1ed5 phi\u1ebfu c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n ch\u00fa \u00fd \u0111\u1ebfn m\u1ed9t s\u1ed1 ch\u1ec9 s\u1ed1 t\u00e0i ch\u00ednh quan tr\u1ecdng. Theo nghi\u00ean c\u1ee9u c\u1ee7a VCBS, c\u00e1c c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m c\u00f3 ROE tr\u00ean 15%, bi\u00ean l\u1ee3i nhu\u1eadn g\u1ed9p tr\u00ean 40%, v\u00e0 t\u1ef7 l\u1ec7 c\u1ed5 t\u1ee9c \u1ed5n \u0111\u1ecbnh (tr\u00ean 5%) th\u01b0\u1eddng mang l\u1ea1i hi\u1ec7u su\u1ea5t \u0111\u1ea7u t\u01b0 t\u1ed1t trong d\u00e0i h\u1ea1n. Bi\u1ebfn \u0111\u1ed9ng l\u1edbn v\u1ec1 t\u1ef7 gi\u00e1 v\u00e0 gi\u00e1 nguy\u00ean li\u1ec7u API trong giai \u0111o\u1ea1n 2023-2024 \u0111\u00e3 g\u00e2y \u00e1p l\u1ef1c l\u00ean bi\u00ean l\u1ee3i nhu\u1eadn c\u1ee7a nhi\u1ec1u doanh nghi\u1ec7p, nh\u01b0ng \u0111\u00e3 d\u1ea7n \u1ed5n \u0111\u1ecbnh trong qu\u00fd 2\/2025.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>M&amp;A (mua b\u00e1n v\u00e0 s\u00e1p nh\u1eadp) l\u00e0 m\u1ed9t xu h\u01b0\u1edbng n\u1ed5i b\u1eadt trong ng\u00e0nh d\u01b0\u1ee3c ph\u1ea9m Vi\u1ec7t Nam. Trong giai \u0111o\u1ea1n 2023-2025, \u0111\u00e3 c\u00f3 8 giao d\u1ecbch l\u1edbn v\u1edbi t\u1ed5ng gi\u00e1 tr\u1ecb tr\u00ean 500 tri\u1ec7u USD. C\u00e1c v\u00ed d\u1ee5 \u0111\u00e1ng ch\u00fa \u00fd bao g\u1ed3m Taisho (Nh\u1eadt B\u1ea3n) t\u0103ng s\u1edf h\u1eefu t\u1ea1i DHG l\u00ean 51,8%, SK Group (H\u00e0n Qu\u1ed1c) mua 24,9% c\u1ed5 ph\u1ea7n Imexpharm, v\u00e0 Stada Group (\u0110\u1ee9c) mua l\u1ea1i 100% Phytopharma. C\u00e1c giao d\u1ecbch n\u00e0y th\u01b0\u1eddng k\u00edch th\u00edch gi\u00e1 c\u1ed5 phi\u1ebfu t\u0103ng 20-30% trong ng\u1eafn h\u1ea1n v\u00e0 t\u1ea1o \u0111\u1ed9ng l\u1ef1c t\u0103ng tr\u01b0\u1edfng m\u1edbi trong trung-d\u00e0i h\u1ea1n.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>Chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 c\u1ed5 phi\u1ebfu c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>\u0110\u1ea7u t\u01b0 v\u00e0o c\u1ed5 phi\u1ebfu c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m \u0111\u00f2i h\u1ecfi c\u00e1c chi\u1ebfn l\u01b0\u1ee3c c\u1ee5 th\u1ec3 d\u1ef1a tr\u00ean ph\u00e2n t\u00edch s\u00e2u s\u1eafc v\u1ec1 \u0111\u1eb7c \u0111i\u1ec3m ng\u00e0nh v\u00e0 m\u1ee5c ti\u00eau c\u00e1 nh\u00e2n. T\u00f9y thu\u1ed9c v\u00e0o kh\u1ea9u v\u1ecb r\u1ee7i ro v\u00e0 th\u1eddi gian \u0111\u1ea7u t\u01b0, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 l\u1ef1a ch\u1ecdn c\u00e1c chi\u1ebfn l\u01b0\u1ee3c kh\u00e1c nhau \u0111\u1ec3 t\u1ed1i \u01b0u h\u00f3a l\u1ee3i nhu\u1eadn.<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Chi\u1ebfn l\u01b0\u1ee3c<\/th><th>\u0110\u1eb7c \u0111i\u1ec3m<\/th><th>Ph\u00f9 h\u1ee3p v\u1edbi<\/th><\/tr><\/thead><tbody><tr><td>\u0110\u1ea7u t\u01b0 gi\u00e1 tr\u1ecb<\/td><td>Ch\u1ecdn c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m c\u00f3 P\/E th\u1ea5p (d\u01b0\u1edbi 15x), P\/B d\u01b0\u1edbi 2x, c\u1ed5 t\u1ee9c \u1ed5n \u0111\u1ecbnh (tr\u00ean 5%)<\/td><td>Nh\u00e0 \u0111\u1ea7u t\u01b0 b\u1ea3o to\u00e0n v\u1ed1n, \u01b0a th\u00edch thu nh\u1eadp \u1ed5n \u0111\u1ecbnh<\/td><\/tr><tr><td>\u0110\u1ea7u t\u01b0 t\u0103ng tr\u01b0\u1edfng<\/td><td>\u01afu ti\u00ean c\u00e1c c\u00f4ng ty c\u00f3 t\u0103ng tr\u01b0\u1edfng doanh thu tr\u00ean 15%\/n\u0103m, \u0111\u1ea7u t\u01b0 l\u1edbn v\u00e0o R&amp;D, m\u1edf r\u1ed9ng xu\u1ea5t kh\u1ea9u<\/td><td>Nh\u00e0 \u0111\u1ea7u t\u01b0 ch\u1ea5p nh\u1eadn \u0111\u1ecbnh gi\u00e1 cao (P\/E 18-25x) \u0111\u1ec3 \u0111\u1ed5i l\u1ea5y t\u0103ng tr\u01b0\u1edfng<\/td><\/tr><tr><td>\u0110\u1ea7u t\u01b0 d\u1ef1a tr\u00ean s\u1ef1 ki\u1ec7n<\/td><td>T\u1eadp trung v\u00e0o c\u00e1c s\u1ef1 ki\u1ec7n nh\u01b0 ph\u00ea duy\u1ec7t thu\u1ed1c m\u1edbi, ch\u1ee9ng nh\u1eadn nh\u00e0 m\u00e1y ti\u00eau chu\u1ea9n cao, M&amp;A<\/td><td>Nh\u00e0 \u0111\u1ea7u t\u01b0 trung h\u1ea1n c\u00f3 kh\u1ea3 n\u0103ng ph\u00e2n t\u00edch t\u00e1c \u0111\u1ed9ng s\u1ef1 ki\u1ec7n \u0111\u1ebfn gi\u00e1 c\u1ed5 phi\u1ebfu<\/td><\/tr><tr><td>\u0110a d\u1ea1ng h\u00f3a ng\u00e0nh<\/td><td>Ph\u00e2n b\u1ed5 v\u1ed1n v\u00e0o nhi\u1ec1u ph\u00e2n kh\u00fac: s\u1ea3n xu\u1ea5t, ph\u00e2n ph\u1ed1i, thu\u1ed1c generic, thu\u1ed1c chuy\u00ean bi\u1ec7t<\/td><td>Nh\u00e0 \u0111\u1ea7u t\u01b0 mu\u1ed1n gi\u1ea3m thi\u1ec3u r\u1ee7i ro c\u1ee5 th\u1ec3 c\u1ee7a c\u00f4ng ty<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>K\u1ebft h\u1ee3p ph\u00e2n t\u00edch c\u01a1 b\u1ea3n v\u00e0 k\u1ef9 thu\u1eadt l\u00e0 m\u1ed9t c\u00e1ch ti\u1ebfp c\u1eadn hi\u1ec7u qu\u1ea3 khi \u0111\u1ea7u t\u01b0 v\u00e0o c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m. Ph\u00e2n t\u00edch c\u00e1c b\u00e1o c\u00e1o t\u00e0i ch\u00ednh qu\u00fd m\u1edbi nh\u1ea5t, \u0111\u1eb7c bi\u1ec7t l\u00e0 t\u1ef7 l\u1ec7 t\u0103ng tr\u01b0\u1edfng doanh thu, bi\u00ean l\u1ee3i nhu\u1eadn v\u00e0 kh\u1ea3 n\u0103ng t\u1ea1o d\u00f2ng ti\u1ec1n s\u1ebd gi\u00fap x\u00e1c \u0111\u1ecbnh c\u00e1c doanh nghi\u1ec7p c\u00f3 n\u1ec1n t\u1ea3ng v\u1eefng ch\u1eafc. N\u1ec1n t\u1ea3ng Pocket Option cung c\u1ea5p nhi\u1ec1u c\u00f4ng c\u1ee5 ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt nh\u01b0 RSI, MACD v\u00e0 Bollinger Bands \u0111\u1ec3 x\u00e1c \u0111\u1ecbnh xu h\u01b0\u1edbng gi\u00e1 v\u00e0 th\u1eddi \u0111i\u1ec3m v\u00e0o th\u1ecb tr\u01b0\u1eddng t\u1ed1i \u01b0u.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>D\u1eef li\u1ec7u t\u1eeb VDSC cho th\u1ea5y trong giai \u0111o\u1ea1n 2020-2024, chi\u1ebfn l\u01b0\u1ee3c DCA (Dollar-Cost Averaging) \u00e1p d\u1ee5ng cho r\u1ed5 10 c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m l\u1edbn nh\u1ea5t Vi\u1ec7t Nam \u0111\u00e3 mang l\u1ea1i l\u1ee3i nhu\u1eadn trung b\u00ecnh 12,5%\/n\u0103m, v\u01b0\u1ee3t tr\u1ed9i so v\u1edbi VN-Index (9,7%\/n\u0103m). Chi\u1ebfn l\u01b0\u1ee3c n\u00e0y \u0111\u1eb7c bi\u1ec7t hi\u1ec7u qu\u1ea3 trong c\u00e1c giai \u0111o\u1ea1n bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh c\u1ee7a th\u1ecb tr\u01b0\u1eddng nh\u01b0 2022-2023.<\/p><\/div><div class='po-container po-container_width_article-sm article-content po-article-page__text'><ul class='po-article-page-list'><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>X\u00e1c \u0111\u1ecbnh r\u00f5 m\u1ee5c ti\u00eau \u0111\u1ea7u t\u01b0: thu nh\u1eadp c\u1ed5 t\u1ee9c, t\u0103ng gi\u00e1 v\u1ed1n, ho\u1eb7c k\u1ebft h\u1ee3p c\u1ea3 hai<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>\u0110a d\u1ea1ng h\u00f3a danh m\u1ee5c v\u1edbi t\u1ef7 l\u1ec7 ph\u00f9 h\u1ee3p: 40-50% c\u00f4ng ty d\u1eabn \u0111\u1ea7u ng\u00e0nh, 30-40% c\u00f4ng ty t\u0103ng tr\u01b0\u1edfng, 10-20% c\u1ed5 phi\u1ebfu ti\u1ec1m n\u0103ng<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Theo d\u00f5i l\u1ecbch c\u00f4ng b\u1ed1 k\u1ebft qu\u1ea3 kinh doanh, h\u1ecdp c\u1ed5 \u0111\u00f4ng v\u00e0 c\u00e1c s\u1ef1 ki\u1ec7n quan tr\u1ecdng<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Ch\u00fa \u00fd \u0111\u1ebfn c\u00e1c thay \u0111\u1ed5i quy \u0111\u1ecbnh ng\u00e0nh d\u01b0\u1ee3c s\u1ebd c\u00f3 hi\u1ec7u l\u1ef1c trong 6-12 th\u00e1ng t\u1edbi<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>M\u1ed9t g\u00f3c nh\u00ecn kh\u00e1c l\u00e0 \u0111\u1ea7u t\u01b0 v\u00e0o c\u00e1c c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m c\u00f3 ti\u1ec1m n\u0103ng tr\u1edf th\u00e0nh m\u1ee5c ti\u00eau M&amp;A. Theo b\u00e1o c\u00e1o c\u1ee7a KPMG, c\u00e1c t\u1eadp \u0111o\u00e0n d\u01b0\u1ee3c ph\u1ea9m \u0111a qu\u1ed1c gia th\u01b0\u1eddng tr\u1ea3 gi\u00e1 cao h\u01a1n 25-40% khi th\u1ef1c hi\u1ec7n c\u00e1c giao d\u1ecbch M&amp;A t\u1ea1i c\u00e1c th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i nh\u01b0 Vi\u1ec7t Nam. C\u00e1c d\u1ea5u hi\u1ec7u nh\u1eadn bi\u1ebft bao g\u1ed3m: c\u00f4ng ty c\u00f3 th\u1ecb ph\u1ea7n l\u1edbn trong c\u00e1c ph\u00e2n kh\u00fac c\u1ee5 th\u1ec3, m\u1ea1ng l\u01b0\u1edbi ph\u00e2n ph\u1ed1i r\u1ed9ng kh\u1eafp, danh m\u1ee5c s\u1ea3n ph\u1ea9m \u0111\u1ed9c \u0111\u00e1o v\u00e0 ti\u1ec1m n\u0103ng xu\u1ea5t kh\u1ea9u, nh\u01b0ng kh\u00f4ng c\u00f3 c\u1ed5 \u0111\u00f4ng chi\u1ebfn l\u01b0\u1ee3c n\u01b0\u1edbc ngo\u00e0i ho\u1eb7c t\u1ef7 l\u1ec7 s\u1edf h\u1eefu n\u01b0\u1edbc ngo\u00e0i th\u1ea5p.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>Qu\u1ea3n l\u00fd r\u1ee7i ro khi \u0111\u1ea7u t\u01b0 v\u00e0o ng\u00e0nh d\u01b0\u1ee3c ph\u1ea9m<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>M\u1eb7c d\u00f9 \u0111\u01b0\u1ee3c coi l\u00e0 m\u1ed9t ng\u00e0nh ph\u00f2ng th\u1ee7, \u0111\u1ea7u t\u01b0 v\u00e0o c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m v\u1eabn ch\u1ee9a \u0111\u1ef1ng nhi\u1ec1u r\u1ee7i ro c\u1ee5 th\u1ec3 m\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n nh\u1eadn di\u1ec7n v\u00e0 qu\u1ea3n l\u00fd hi\u1ec7u qu\u1ea3. Hi\u1ec3u r\u00f5 nh\u1eefng r\u1ee7i ro n\u00e0y s\u1ebd gi\u00fap x\u00e2y d\u1ef1ng c\u00e1c chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 b\u1ec1n v\u1eefng h\u01a1n.<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Lo\u1ea1i r\u1ee7i ro<\/th><th>M\u00f4 t\u1ea3 chi ti\u1ebft<\/th><th>Bi\u1ec7n ph\u00e1p qu\u1ea3n l\u00fd c\u1ee5 th\u1ec3<\/th><\/tr><\/thead><tbody><tr><td>R\u1ee7i ro ph\u00e1p l\u00fd<\/td><td>Thay \u0111\u1ed5i trong quy \u0111\u1ecbnh \u0111\u0103ng k\u00fd thu\u1ed1c, ki\u1ec3m so\u00e1t gi\u00e1, \u0111\u1ea5u th\u1ea7u (Th\u00f4ng t\u01b0 29\/2023 \u0111\u00e3 g\u00e2y bi\u1ebfn \u0111\u1ed9ng l\u1edbn trong th\u1ecb ph\u1ea7n ETC)<\/td><td>Theo d\u00f5i c\u00e1c d\u1ef1 th\u1ea3o v\u0103n b\u1ea3n ph\u00e1p lu\u1eadt t\u1eeb B\u1ed9 Y t\u1ebf, \u01b0u ti\u00ean c\u00e1c c\u00f4ng ty c\u00f3 c\u01a1 c\u1ea5u doanh thu \u0111a d\u1ea1ng gi\u1eefa OTC\/ETC<\/td><\/tr><tr><td>R\u1ee7i ro c\u1ea1nh tranh<\/td><td>C\u1ea1nh tranh t\u1eeb 217 doanh nghi\u1ec7p trong n\u01b0\u1edbc v\u00e0 54 c\u00f4ng ty \u0111a qu\u1ed1c gia, nh\u1eadp kh\u1ea9u thu\u1ed1c t\u0103ng 14,5% trong 2024<\/td><td>Ch\u1ecdn c\u00e1c c\u00f4ng ty c\u00f3 l\u1ee3i th\u1ebf c\u1ea1nh tranh b\u1ec1n v\u1eefng: th\u01b0\u01a1ng hi\u1ec7u m\u1ea1nh, \u0111\u1ed9c quy\u1ec1n s\u1ea3n ph\u1ea9m, c\u00f4ng ngh\u1ec7 \u0111\u1ed9c quy\u1ec1n<\/td><\/tr><tr><td>R\u1ee7i ro nguy\u00ean li\u1ec7u<\/td><td>Gi\u00e1 API t\u1eeb Trung Qu\u1ed1c, \u1ea4n \u0110\u1ed9 bi\u1ebfn \u0111\u1ed9ng 15-20% trong 2023-2024, v\u1ea5n \u0111\u1ec1 gi\u00e1n \u0111o\u1ea1n chu\u1ed7i cung \u1ee9ng<\/td><td>\u01afu ti\u00ean c\u00e1c c\u00f4ng ty c\u00f3 nh\u00e0 cung c\u1ea5p \u0111a d\u1ea1ng, t\u1ed3n kho h\u1ee3p l\u00fd (3-4 th\u00e1ng s\u1ea3n xu\u1ea5t), h\u1ee3p \u0111\u1ed3ng d\u00e0i h\u1ea1n<\/td><\/tr><tr><td>R\u1ee7i ro t\u1ef7 gi\u00e1<\/td><td>VND m\u1ea5t gi\u00e1 5,2% so v\u1edbi USD trong 2024, \u1ea3nh h\u01b0\u1edfng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn chi ph\u00ed nh\u1eadp kh\u1ea9u<\/td><td>Ph\u00e2n t\u00edch kh\u1ea3 n\u0103ng ph\u00f2ng ng\u1eeba t\u1ef7 gi\u00e1 c\u1ee7a c\u00f4ng ty, kh\u1ea3 n\u0103ng \u0111\u1ecbnh gi\u00e1 v\u00e0 chuy\u1ec3n chi ph\u00ed cho ng\u01b0\u1eddi ti\u00eau d\u00f9ng<\/td><\/tr><tr><td>R\u1ee7i ro R&amp;D<\/td><td>T\u1ef7 l\u1ec7 th\u1ea5t b\u1ea1i R&amp;D cao trong ng\u00e0nh d\u01b0\u1ee3c ph\u1ea9m (75-80%), chi ph\u00ed l\u1edbn \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn l\u1ee3i nhu\u1eadn<\/td><td>\u0110\u00e1nh gi\u00e1 danh m\u1ee5c nghi\u00ean c\u1ee9u th\u1ef1c t\u1ebf, tr\u00e1nh c\u00e1c c\u00f4ng ty \u0111\u1eb7t qu\u00e1 nhi\u1ec1u k\u1ef3 v\u1ecdng v\u00e0o s\u1ea3n ph\u1ea9m m\u1edbi ch\u01b0a \u0111\u01b0\u1ee3c ch\u1ee9ng minh<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>M\u1ed9t r\u1ee7i ro c\u1ee5 th\u1ec3 c\u1ee7a ng\u00e0nh d\u01b0\u1ee3c ph\u1ea9m l\u00e0 qu\u00e1 tr\u00ecnh ph\u00ea duy\u1ec7t v\u00e0 \u0111\u0103ng k\u00fd thu\u1ed1c k\u00e9o d\u00e0i. Theo d\u1eef li\u1ec7u t\u1eeb C\u1ee5c Qu\u1ea3n l\u00fd D\u01b0\u1ee3c, th\u1eddi gian trung b\u00ecnh \u0111\u1ec3 \u0111\u0103ng k\u00fd m\u1ed9t lo\u1ea1i thu\u1ed1c generic m\u1edbi t\u1ea1i Vi\u1ec7t Nam l\u00e0 12-18 th\u00e1ng, trong khi thu\u1ed1c m\u1edbi c\u1ea7n 24-36 th\u00e1ng. S\u1ef1 ch\u1eadm tr\u1ec5 n\u00e0y c\u00f3 th\u1ec3 \u1ea3nh h\u01b0\u1edfng \u0111\u00e1ng k\u1ec3 \u0111\u1ebfn k\u1ebf ho\u1ea1ch kinh doanh v\u00e0 l\u1ee3i nhu\u1eadn d\u1ef1 ki\u1ebfn c\u1ee7a c\u00e1c c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Khi giao d\u1ecbch c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m tr\u00ean Pocket Option, nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean t\u1eadn d\u1ee5ng \u0111\u1ea7y \u0111\u1ee7 c\u00e1c c\u00f4ng c\u1ee5 qu\u1ea3n l\u00fd r\u1ee7i ro. T\u00ednh n\u0103ng Stop Loss t\u1ef1 \u0111\u1ed9ng gi\u00fap gi\u1edbi h\u1ea1n l\u1ed7 khi th\u1ecb tr\u01b0\u1eddng di\u1ec5n bi\u1ebfn kh\u00f4ng thu\u1eadn l\u1ee3i, trong khi Take Profit \u0111\u1ea3m b\u1ea3o ch\u1ed1t l\u1eddi khi \u0111\u1ea1t m\u1ee5c ti\u00eau gi\u00e1. Pocket Option cho ph\u00e9p thi\u1ebft l\u1eadp c\u00e1c m\u1ee9c n\u00e0y v\u1edbi \u0111\u1ed9 linh ho\u1ea1t cao, ph\u00f9 h\u1ee3p v\u1edbi t\u1eebng chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 c\u1ee5 th\u1ec3.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>M\u1ed9t chi\u1ebfn l\u01b0\u1ee3c qu\u1ea3n l\u00fd r\u1ee7i ro hi\u1ec7u qu\u1ea3 l\u00e0 tu\u00e2n theo nguy\u00ean t\u1eafc ph\u00e2n b\u1ed5 t\u00e0i s\u1ea3n 5-10-20. Theo \u0111\u00f3, kh\u00f4ng \u0111\u1ea7u t\u01b0 qu\u00e1 5% danh m\u1ee5c v\u00e0o m\u1ed9t c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m \u0111\u01a1n l\u1ebb, kh\u00f4ng qu\u00e1 10% v\u00e0o m\u1ed9t ph\u00e2n kh\u00fac c\u1ee5 th\u1ec3 (nh\u01b0 thu\u1ed1c generic, thu\u1ed1c chuy\u00ean bi\u1ec7t, ph\u00e2n ph\u1ed1i), v\u00e0 kh\u00f4ng qu\u00e1 20% t\u1ed5ng danh m\u1ee5c v\u00e0o to\u00e0n b\u1ed9 ng\u00e0nh d\u01b0\u1ee3c ph\u1ea9m. Nguy\u00ean t\u1eafc n\u00e0y \u0111\u00e3 \u0111\u01b0\u1ee3c ch\u1ee9ng minh gi\u00fap gi\u1ea3m thi\u1ec3u r\u1ee7i ro t\u1eadp trung trong nhi\u1ec1u nghi\u00ean c\u1ee9u qu\u1ea3n l\u00fd danh m\u1ee5c \u0111\u1ea7u t\u01b0.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>Tri\u1ec3n v\u1ecdng c\u1ee7a th\u1ecb tr\u01b0\u1eddng d\u01b0\u1ee3c ph\u1ea9m Vi\u1ec7t Nam<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Th\u1ecb tr\u01b0\u1eddng d\u01b0\u1ee3c ph\u1ea9m Vi\u1ec7t Nam \u0111ang \u0111\u1ed1i m\u1eb7t v\u1edbi nhi\u1ec1u tri\u1ec3n v\u1ecdng t\u00edch c\u1ef1c trong giai \u0111o\u1ea1n 2025-2030, mang l\u1ea1i c\u01a1 h\u1ed9i h\u1ea5p d\u1eabn cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 d\u00e0i h\u1ea1n v\u00e0o c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m. Nhi\u1ec1u y\u1ebfu t\u1ed1 v\u0129 m\u00f4 v\u00e0 vi m\u00f4 \u0111ang h\u1ed9i t\u1ee5, t\u1ea1o \u0111\u1ed9ng l\u1ef1c t\u0103ng tr\u01b0\u1edfng b\u1ec1n v\u1eefng cho ng\u00e0nh n\u00e0y.<\/p><\/div><div class='po-container po-container_width_article-sm'><h3 class='po-article-page__title'>C\u00e1c \u0111\u1ed9ng l\u1ef1c t\u0103ng tr\u01b0\u1edfng ch\u00ednh<\/h3><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>D\u00e2n s\u1ed1 gi\u00e0 h\u00f3a l\u00e0 y\u1ebfu t\u1ed1 quan tr\u1ecdng nh\u1ea5t th\u00fac \u0111\u1ea9y nhu c\u1ea7u d\u01b0\u1ee3c ph\u1ea9m t\u1ea1i Vi\u1ec7t Nam. D\u1eef li\u1ec7u t\u1eeb T\u1ed5ng c\u1ee5c Th\u1ed1ng k\u00ea cho th\u1ea5y t\u1ef7 l\u1ec7 ng\u01b0\u1eddi tr\u00ean 60 tu\u1ed5i s\u1ebd t\u0103ng t\u1eeb 13,3% n\u0103m 2025 l\u00ean kho\u1ea3ng 21% v\u00e0o n\u0103m 2035. Nh\u00f3m d\u00e2n s\u1ed1 n\u00e0y ti\u00eau th\u1ee5 thu\u1ed1c nhi\u1ec1u g\u1ea5p 3,2 l\u1ea7n so v\u1edbi d\u00e2n s\u1ed1 trong \u0111\u1ed9 tu\u1ed5i lao \u0111\u1ed9ng, \u0111\u1eb7c bi\u1ec7t l\u00e0 c\u00e1c lo\u1ea1i thu\u1ed1c cho b\u1ec7nh m\u00e3n t\u00ednh nh\u01b0 tim m\u1ea1ch, ti\u1ec3u \u0111\u01b0\u1eddng v\u00e0 ung th\u01b0.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Thu nh\u1eadp b\u00ecnh qu\u00e2n \u0111\u1ea7u ng\u01b0\u1eddi t\u1ea1i Vi\u1ec7t Nam d\u1ef1 ki\u1ebfn t\u0103ng t\u1eeb 4.100 USD (2024) l\u00ean 5.500-6.000 USD v\u00e0o n\u0103m 2030, \u0111i k\u00e8m v\u1edbi s\u1ef1 t\u0103ng tr\u01b0\u1edfng m\u1ea1nh m\u1ebd trong chi ti\u00eau y t\u1ebf. Theo BMI Research, chi ti\u00eau y t\u1ebf b\u00ecnh qu\u00e2n \u0111\u1ea7u ng\u01b0\u1eddi t\u1ea1i Vi\u1ec7t Nam d\u1ef1 ki\u1ebfn t\u0103ng t\u1eeb 215 USD (2025) l\u00ean kho\u1ea3ng 350 USD v\u00e0o n\u0103m 2030, t\u1ea1o \u0111\u1ed9ng l\u1ef1c l\u1edbn cho th\u1ecb tr\u01b0\u1eddng d\u01b0\u1ee3c ph\u1ea9m.<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Xu h\u01b0\u1edbng ch\u00ednh<\/th><th>T\u00e1c \u0111\u1ed9ng \u0111\u1ebfn ng\u00e0nh d\u01b0\u1ee3c ph\u1ea9m<\/th><th>C\u01a1 h\u1ed9i \u0111\u1ea7u t\u01b0 c\u1ee5 th\u1ec3<\/th><\/tr><\/thead><tbody><tr><td>T\u0103ng c\u00e1c b\u1ec7nh kh\u00f4ng l\u00e2y nhi\u1ec5m<\/td><td>Nhu c\u1ea7u thu\u1ed1c \u0111i\u1ec1u tr\u1ecb m\u00e3n t\u00ednh t\u0103ng 12-15%\/n\u0103m, chi\u1ebfm 65% chi ph\u00ed \u0111i\u1ec1u tr\u1ecb<\/td><td>C\u00e1c c\u00f4ng ty chuy\u00ean v\u1ec1 tim m\u1ea1ch, ti\u1ec3u \u0111\u01b0\u1eddng, ung th\u01b0 nh\u01b0 DHG, IMP, TV2<\/td><\/tr><tr><td>Chuy\u1ec3n \u0111\u1ed5i s\u1ed1 trong y t\u1ebf<\/td><td>25% \u0111\u01a1n thu\u1ed1c \u0111\u01b0\u1ee3c c\u1ea5p qua n\u1ec1n t\u1ea3ng s\u1ed1, h\u1ec7 th\u1ed1ng ph\u00e2n ph\u1ed1i th\u00f4ng minh gi\u1ea3m chi ph\u00ed 12%<\/td><td>C\u00e1c c\u00f4ng ty \u0111\u1ea7u t\u01b0 m\u1ea1nh v\u00e0o c\u00f4ng ngh\u1ec7, th\u01b0\u01a1ng m\u1ea1i \u0111i\u1ec7n t\u1eed nh\u01b0 PME, DBD<\/td><\/tr><tr><td>RCEP v\u00e0 c\u00e1c FTA<\/td><td>Xu\u1ea5t kh\u1ea9u d\u01b0\u1ee3c ph\u1ea9m c\u1ee7a Vi\u1ec7t Nam t\u0103ng 18,5% trong 2024, m\u1edf r\u1ed9ng ra 36 th\u1ecb tr\u01b0\u1eddng<\/td><td>C\u00e1c c\u00f4ng ty c\u00f3 kh\u1ea3 n\u0103ng xu\u1ea5t kh\u1ea9u v\u00e0 ch\u1ee9ng nh\u1eadn EU-GMP nh\u01b0 TRA, DMC<\/td><\/tr><tr><td>Ph\u00e1t tri\u1ec3n d\u01b0\u1ee3c li\u1ec7u trong n\u01b0\u1edbc<\/td><td>Di\u1ec7n t\u00edch tr\u1ed3ng d\u01b0\u1ee3c li\u1ec7u t\u0103ng t\u1eeb 35.000ha (2024) l\u00ean 50.000ha (2030)<\/td><td>C\u00e1c c\u00f4ng ty chuy\u00ean v\u1ec1 thu\u1ed1c th\u1ea3o d\u01b0\u1ee3c nh\u01b0 OPC, TRA<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Ch\u00ednh ph\u1ee7 Vi\u1ec7t Nam \u0111\u00e3 ban h\u00e0nh Chi\u1ebfn l\u01b0\u1ee3c qu\u1ed1c gia ph\u00e1t tri\u1ec3n ng\u00e0nh c\u00f4ng nghi\u1ec7p d\u01b0\u1ee3c \u0111\u1ebfn n\u0103m 2030, \u0111\u1eb7t m\u1ee5c ti\u00eau t\u0103ng t\u1ef7 l\u1ec7 thu\u1ed1c s\u1ea3n xu\u1ea5t trong n\u01b0\u1edbc t\u1eeb 48% hi\u1ec7n nay l\u00ean 80% v\u00e0o n\u0103m 2030. Ch\u01b0\u01a1ng tr\u00ecnh n\u00e0y \u0111\u01b0\u1ee3c h\u1ed7 tr\u1ee3 b\u1edfi nhi\u1ec1u ch\u00ednh s\u00e1ch \u01b0u \u0111\u00e3i v\u1ec1 thu\u1ebf, \u0111\u1ea5t \u0111ai v\u00e0 v\u1ed1n cho c\u00e1c doanh nghi\u1ec7p \u0111\u1ea7u t\u01b0 v\u00e0o s\u1ea3n xu\u1ea5t d\u01b0\u1ee3c ph\u1ea9m c\u00f4ng ngh\u1ec7 cao v\u00e0 nguy\u00ean li\u1ec7u API.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Hi\u1ec7p \u0111\u1ecbnh RCEP v\u00e0 c\u00e1c FTA kh\u00e1c m\u00e0 Vi\u1ec7t Nam \u0111\u00e3 k\u00fd k\u1ebft \u0111ang m\u1edf ra c\u01a1 h\u1ed9i cho xu\u1ea5t kh\u1ea9u d\u01b0\u1ee3c ph\u1ea9m sang c\u00e1c th\u1ecb tr\u01b0\u1eddng khu v\u1ef1c v\u00e0 qu\u1ed1c t\u1ebf. N\u0103m 2024, gi\u00e1 tr\u1ecb xu\u1ea5t kh\u1ea9u d\u01b0\u1ee3c ph\u1ea9m c\u1ee7a Vi\u1ec7t Nam \u0111\u1ea1t 235 tri\u1ec7u USD, t\u0103ng 18,5% so v\u1edbi n\u0103m 2023. C\u00e1c th\u1ecb tr\u01b0\u1eddng xu\u1ea5t kh\u1ea9u ch\u00ednh bao g\u1ed3m ASEAN, Nh\u1eadt B\u1ea3n, Nga v\u00e0 m\u1ed9t s\u1ed1 n\u01b0\u1edbc ch\u00e2u Phi. C\u00e1c doanh nghi\u1ec7p c\u00f3 chi\u1ebfn l\u01b0\u1ee3c qu\u1ed1c t\u1ebf h\u00f3a v\u00e0 \u0111\u00e1p \u1ee9ng ti\u00eau chu\u1ea9n ch\u1ea5t l\u01b0\u1ee3ng qu\u1ed1c t\u1ebf s\u1ebd \u0111\u01b0\u1ee3c h\u01b0\u1edfng l\u1ee3i l\u1edbn t\u1eeb xu h\u01b0\u1edbng n\u00e0y.<\/p><\/div><div class='po-container po-container_width_article-sm article-content po-article-page__text'><ul class='po-article-page-list'><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Th\u1ecb tr\u01b0\u1eddng d\u01b0\u1ee3c ph\u1ea9m Vi\u1ec7t Nam d\u1ef1 ki\u1ebfn \u0111\u1ea1t 16,5 t\u1ef7 USD v\u00e0o n\u0103m 2030 (CAGR 9,2%)<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>T\u1ef7 l\u1ec7 thu\u1ed1c s\u1ea3n xu\u1ea5t trong n\u01b0\u1edbc s\u1ebd t\u0103ng t\u1eeb 48% l\u00ean 80% v\u00e0o n\u0103m 2030 theo chi\u1ebfn l\u01b0\u1ee3c qu\u1ed1c gia<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>D\u00f2ng v\u1ed1n FDI v\u00e0o ng\u00e0nh d\u01b0\u1ee3c ph\u1ea9m \u0111\u1ea1t 857 tri\u1ec7u USD trong giai \u0111o\u1ea1n 2021-2024, d\u1ef1 ki\u1ebfn t\u0103ng g\u1ea5p \u0111\u00f4i v\u00e0o n\u0103m 2030<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Ph\u00e2n kh\u00fac d\u01b0\u1ee3c sinh h\u1ecdc \u0111ang t\u0103ng tr\u01b0\u1edfng nhanh nh\u1ea5t, \u0111\u1ea1t 25%\/n\u0103m<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>B\u00ean c\u1ea1nh nh\u1eefng tri\u1ec3n v\u1ecdng t\u00edch c\u1ef1c, ng\u00e0nh d\u01b0\u1ee3c ph\u1ea9m Vi\u1ec7t Nam v\u1eabn \u0111\u1ed1i m\u1eb7t v\u1edbi th\u00e1ch th\u1ee9c v\u1ec1 n\u0103ng l\u1ef1c nghi\u00ean c\u1ee9u v\u00e0 ph\u00e1t tri\u1ec3n h\u1ea1n ch\u1ebf v\u00e0 ph\u1ee5 thu\u1ed9c v\u00e0o nguy\u00ean li\u1ec7u nh\u1eadp kh\u1ea9u. Hi\u1ec7n ch\u1ec9 c\u00f3 5 c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m Vi\u1ec7t Nam \u0111\u1ea7u t\u01b0 h\u01a1n 5% doanh thu v\u00e0o R&amp;D, th\u1ea5p h\u01a1n nhi\u1ec1u so v\u1edbi m\u1ee9c trung b\u00ecnh 15-20% c\u1ee7a c\u00e1c c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m \u0111a qu\u1ed1c gia. \u0110\u00e2y l\u00e0 r\u00e0o c\u1ea3n l\u1edbn trong vi\u1ec7c ph\u00e1t tri\u1ec3n c\u00e1c s\u1ea3n ph\u1ea9m chuy\u00ean bi\u1ec7t v\u00e0 thu\u1ed1c c\u00f4ng ngh\u1ec7 cao.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>C\u00e1ch giao d\u1ecbch c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m tr\u00ean n\u1ec1n t\u1ea3ng Pocket Option<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Pocket Option cung c\u1ea5p m\u1ed9t n\u1ec1n t\u1ea3ng giao d\u1ecbch ti\u00ean ti\u1ebfn gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 Vi\u1ec7t Nam ti\u1ebfp c\u1eadn c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m m\u1ed9t c\u00e1ch thu\u1eadn ti\u1ec7n v\u00e0 hi\u1ec7u qu\u1ea3. V\u1edbi giao di\u1ec7n th\u00e2n thi\u1ec7n v\u00e0 nhi\u1ec1u c\u00f4ng c\u1ee5 ph\u00e2n t\u00edch chuy\u00ean s\u00e2u, Pocket Option \u0111\u00e1p \u1ee9ng nhu c\u1ea7u c\u1ee7a c\u1ea3 nh\u00e0 \u0111\u1ea7u t\u01b0 m\u1edbi v\u00e0 chuy\u00ean nghi\u1ec7p.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>\u0110\u1ec3 b\u1eaft \u0111\u1ea7u, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n \u0111\u0103ng k\u00fd t\u00e0i kho\u1ea3n tr\u00ean trang web ho\u1eb7c \u1ee9ng d\u1ee5ng di \u0111\u1ed9ng Pocket Option, ho\u00e0n t\u1ea5t qu\u00e1 tr\u00ecnh x\u00e1c minh danh t\u00ednh theo quy \u0111\u1ecbnh KYC. Sau \u0111\u00f3, n\u1ea1p ti\u1ec1n v\u00e0o t\u00e0i kho\u1ea3n giao d\u1ecbch th\u00f4ng qua nhi\u1ec1u ph\u01b0\u01a1ng th\u1ee9c thanh to\u00e1n ph\u1ed5 bi\u1ebfn t\u1ea1i Vi\u1ec7t Nam nh\u01b0 th\u1ebb ng\u00e2n h\u00e0ng n\u1ed9i \u0111\u1ecba, v\u00ed \u0111i\u1ec7n t\u1eed Momo, ZaloPay, ho\u1eb7c chuy\u1ec3n kho\u1ea3n ng\u00e2n h\u00e0ng.<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>B\u01b0\u1edbc giao d\u1ecbch<\/th><th>H\u01b0\u1edbng d\u1eabn chi ti\u1ebft<\/th><th>L\u01b0u \u00fd quan tr\u1ecdng<\/th><\/tr><\/thead><tbody><tr><td>1. Nghi\u00ean c\u1ee9u th\u1ecb tr\u01b0\u1eddng<\/td><td>S\u1eed d\u1ee5ng c\u00f4ng c\u1ee5 ph\u00e2n t\u00edch c\u01a1 b\u1ea3n v\u00e0 k\u1ef9 thu\u1eadt tr\u00ean Pocket Option \u0111\u1ec3 \u0111\u00e1nh gi\u00e1 c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m<\/td><td>K\u1ebft h\u1ee3p th\u00f4ng tin t\u1eeb c\u00e1c b\u00e1o c\u00e1o ng\u00e0nh c\u1ee7a SSI, VCBS v\u00e0 c\u00e1c ngu\u1ed3n \u0111\u00e1ng tin c\u1eady kh\u00e1c<\/td><\/tr><tr><td>2. X\u00e2y d\u1ef1ng chi\u1ebfn l\u01b0\u1ee3c<\/td><td>X\u00e1c \u0111\u1ecbnh m\u1ee5c ti\u00eau (t\u0103ng tr\u01b0\u1edfng\/c\u1ed5 t\u1ee9c), th\u1eddi gian n\u1eafm gi\u1eef, m\u1ee9c \u0111\u1ed9 ch\u1ea5p nh\u1eadn r\u1ee7i ro (2-5% v\u1ed1n\/giao d\u1ecbch)<\/td><td>Vi\u1ebft r\u00f5 k\u1ebf ho\u1ea1ch giao d\u1ecbch v\u1edbi c\u00e1c m\u1ee9c v\u00e0o, ra v\u00e0 d\u1eebng l\u1ed7 c\u1ee5 th\u1ec3<\/td><\/tr><tr><td>3. M\u1edf v\u1ecb th\u1ebf giao d\u1ecbch<\/td><td>Ch\u1ecdn m\u00e3 c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m, lo\u1ea1i l\u1ec7nh (Th\u1ecb tr\u01b0\u1eddng\/Gi\u1edbi h\u1ea1n), kh\u1ed1i l\u01b0\u1ee3ng v\u00e0 \u0111\u00f2n b\u1ea9y ph\u00f9 h\u1ee3p (n\u1ebfu s\u1eed d\u1ee5ng)<\/td><td>\u0110\u1ed1i v\u1edbi c\u00e1c c\u1ed5 phi\u1ebfu thanh kho\u1ea3n th\u1ea5p nh\u01b0 DBD, OPC, n\u00ean s\u1eed d\u1ee5ng L\u1ec7nh Gi\u1edbi h\u1ea1n<\/td><\/tr><tr><td>4. \u0110\u1eb7t b\u1ea3o v\u1ec7<\/td><td>\u0110\u1eb7t Stop Loss (5-10% d\u01b0\u1edbi gi\u00e1 mua) v\u00e0 Take Profit (15-25% tr\u00ean gi\u00e1 mua) theo bi\u1ebfn \u0111\u1ed9ng trung b\u00ecnh<\/td><td>Kh\u00f4ng di chuy\u1ec3n Stop Loss xa h\u01a1n m\u1ee9c ban \u0111\u1ea7u khi giao d\u1ecbch \u0111ang l\u1ed7<\/td><\/tr><tr><td>5. Gi\u00e1m s\u00e1t v\u00e0 \u0111i\u1ec1u ch\u1ec9nh<\/td><td>S\u1eed d\u1ee5ng \u1ee9ng d\u1ee5ng di \u0111\u1ed9ng Pocket Option \u0111\u1ec3 gi\u00e1m s\u00e1t giao d\u1ecbch, \u0111\u1eb7t c\u1ea3nh b\u00e1o khi gi\u00e1 \u0111\u1ea1t ng\u01b0\u1ee1ng k\u1ef9 thu\u1eadt<\/td><td>C\u1eadp nh\u1eadt chi\u1ebfn l\u01b0\u1ee3c khi c\u00f3 th\u00f4ng tin m\u1edbi v\u1ec1 ch\u00ednh s\u00e1ch, k\u1ebft qu\u1ea3 kinh doanh<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>N\u1ec1n t\u1ea3ng Pocket Option cung c\u1ea5p nhi\u1ec1u c\u00f4ng c\u1ee5 ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt hi\u1ec7n \u0111\u1ea1i \u0111\u1eb7c bi\u1ec7t ph\u00f9 h\u1ee3p cho c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m. Nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 s\u1eed d\u1ee5ng c\u00e1c ch\u1ec9 b\u00e1o \u0111\u1ed9ng l\u01b0\u1ee3ng nh\u01b0 RSI \u0111\u1ec3 x\u00e1c \u0111\u1ecbnh \u0111i\u1ec1u ki\u1ec7n qu\u00e1 mua\/qu\u00e1 b\u00e1n, MACD \u0111\u1ec3 nh\u1eadn di\u1ec7n xu h\u01b0\u1edbng chuy\u1ec3n \u0111\u1ed9ng, v\u00e0 Bollinger Bands \u0111\u1ec3 x\u00e1c \u0111\u1ecbnh ph\u1ea1m vi bi\u1ebfn \u0111\u1ed9ng gi\u00e1 v\u00e0 c\u00e1c \u0111i\u1ec3m \u0111\u1ed9t ph\u00e1 ti\u1ec1m n\u0103ng.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>M\u1ed9t l\u1ee3i th\u1ebf \u0111\u1ed9c \u0111\u00e1o c\u1ee7a vi\u1ec7c giao d\u1ecbch c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m tr\u00ean Pocket Option l\u00e0 truy c\u1eadp th\u1ecb tr\u01b0\u1eddng 24\/5, kh\u00f4ng b\u1ecb gi\u1edbi h\u1ea1n b\u1edfi gi\u1edd giao d\u1ecbch c\u1ee7a HOSE v\u00e0 HNX (9:00-15:00). \u0110i\u1ec1u n\u00e0y cho ph\u00e9p nh\u00e0 \u0111\u1ea7u t\u01b0 ph\u1ea3n \u1ee9ng k\u1ecbp th\u1eddi v\u1edbi c\u00e1c tin t\u1ee9c qu\u1ed1c t\u1ebf \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn ng\u00e0nh d\u01b0\u1ee3c ph\u1ea9m (nh\u01b0 ph\u00ea duy\u1ec7t thu\u1ed1c, M&amp;A to\u00e0n c\u1ea7u) ngay c\u1ea3 sau gi\u1edd giao d\u1ecbch ch\u00ednh th\u1ee9c t\u1ea1i Vi\u1ec7t Nam.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Pocket Option cung c\u1ea5p t\u00e0i kho\u1ea3n demo v\u1edbi 10.000 USD \u1ea3o, cho ph\u00e9p nh\u00e0 \u0111\u1ea7u t\u01b0 th\u1ef1c h\u00e0nh c\u00e1c chi\u1ebfn l\u01b0\u1ee3c giao d\u1ecbch c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m trong m\u00f4i tr\u01b0\u1eddng kh\u00f4ng r\u1ee7i ro. \u0110\u00e2y l\u00e0 c\u00e1ch hi\u1ec7u qu\u1ea3 \u0111\u1ec3 l\u00e0m quen v\u1edbi n\u1ec1n t\u1ea3ng v\u00e0 ki\u1ec3m ch\u1ee9ng c\u00e1c chi\u1ebfn l\u01b0\u1ee3c tr\u01b0\u1edbc khi \u0111\u1ea7u t\u01b0 ti\u1ec1n th\u1eadt. Ngo\u00e0i ra, n\u1ec1n t\u1ea3ng c\u00f2n cung c\u1ea5p nhi\u1ec1u kh\u00f3a h\u1ecdc tr\u1ef1c tuy\u1ebfn mi\u1ec5n ph\u00ed v\u1ec1 ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt v\u00e0 c\u01a1 b\u1ea3n, v\u1edbi c\u00e1c ph\u00e2n t\u00edch chuy\u00ean s\u00e2u v\u1ec1 ng\u00e0nh d\u01b0\u1ee3c ph\u1ea9m Vi\u1ec7t Nam do c\u00e1c chuy\u00ean gia h\u00e0ng \u0111\u1ea7u th\u1ef1c hi\u1ec7n.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>\u0110\u1ed1i v\u1edbi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 d\u00e0i h\u1ea1n v\u00e0o c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m, Pocket Option cung c\u1ea5p c\u00f4ng c\u1ee5 DCA t\u1ef1 \u0111\u1ed9ng, cho ph\u00e9p thi\u1ebft l\u1eadp c\u00e1c k\u1ebf ho\u1ea1ch mua \u0111\u1ecbnh k\u1ef3 v\u1edbi s\u1ed1 ti\u1ec1n c\u1ed1 \u0111\u1ecbnh h\u00e0ng tu\u1ea7n ho\u1eb7c h\u00e0ng th\u00e1ng. T\u00ednh n\u0103ng n\u00e0y gi\u00fap th\u1ef1c hi\u1ec7n chi\u1ebfn l\u01b0\u1ee3c trung b\u00ecnh gi\u00e1 m\u1ed9t c\u00e1ch k\u1ef7 lu\u1eadt, gi\u1ea3m thi\u1ec3u t\u00e1c \u0111\u1ed9ng c\u1ee7a bi\u1ebfn \u0111\u1ed9ng gi\u00e1 ng\u1eafn h\u1ea1n v\u00e0 t\u00e2m l\u00fd th\u1ecb tr\u01b0\u1eddng.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>K\u1ebft lu\u1eadn<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>C\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m t\u1ea1i Vi\u1ec7t Nam ng\u00e0y c\u00e0ng tr\u1edf th\u00e0nh \u0111i\u1ec3m \u0111\u1ebfn h\u1ea5p d\u1eabn cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 nh\u1edd s\u1ef1 k\u1ebft h\u1ee3p gi\u1eefa \u0111\u1eb7c t\u00ednh ph\u00f2ng th\u1ee7 v\u00e0 ti\u1ec1m n\u0103ng t\u0103ng tr\u01b0\u1edfng d\u00e0i h\u1ea1n. V\u1edbi c\u00e1c \u0111\u1ed9ng l\u1ef1c t\u1eeb d\u00e2n s\u1ed1 gi\u00e0 h\u00f3a, t\u0103ng tr\u01b0\u1edfng thu nh\u1eadp v\u00e0 ch\u00ednh s\u00e1ch h\u1ed7 tr\u1ee3 c\u1ee7a ch\u00ednh ph\u1ee7, ng\u00e0nh d\u01b0\u1ee3c ph\u1ea9m Vi\u1ec7t Nam \u0111\u01b0\u1ee3c d\u1ef1 b\u00e1o duy tr\u00ec t\u0103ng tr\u01b0\u1edfng 8-10% trong th\u1eadp k\u1ef7 t\u1edbi, t\u1ea1o n\u1ec1n t\u1ea3ng v\u1eefng ch\u1eafc cho s\u1ef1 ph\u00e1t tri\u1ec3n c\u1ee7a c\u00e1c c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m trong n\u01b0\u1edbc.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>\u0110\u1ec3 \u0111\u1ea7u t\u01b0 hi\u1ec7u qu\u1ea3 v\u00e0o c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m, nh\u00e0 \u0111\u1ea7u t\u01b0 Vi\u1ec7t Nam c\u1ea7n x\u00e2y d\u1ef1ng c\u00e1c chi\u1ebfn l\u01b0\u1ee3c to\u00e0n di\u1ec7n d\u1ef1a tr\u00ean ph\u00e2n t\u00edch s\u00e2u s\u1eafc v\u1ec1 \u0111\u1eb7c \u0111i\u1ec3m ng\u00e0nh, xu h\u01b0\u1edbng th\u1ecb tr\u01b0\u1eddng v\u00e0 c\u00e1c y\u1ebfu t\u1ed1 v\u0129 m\u00f4 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn doanh nghi\u1ec7p. \u0110\u00e1nh gi\u00e1 c\u1ea9n th\u1eadn c\u00e1c ch\u1ec9 s\u1ed1 t\u00e0i ch\u00ednh c\u1ed1t l\u00f5i nh\u01b0 ROE, bi\u00ean l\u1ee3i nhu\u1eadn, t\u1ef7 l\u1ec7 n\u1ee3 c\u00f9ng v\u1edbi kh\u1ea3 n\u0103ng c\u1ea1nh tranh v\u00e0 chi\u1ebfn l\u01b0\u1ee3c ph\u00e1t tri\u1ec3n c\u1ee7a t\u1eebng c\u00f4ng ty l\u00e0 y\u1ebfu t\u1ed1 then ch\u1ed1t trong vi\u1ec7c l\u1ef1a ch\u1ecdn c\u1ed5 phi\u1ebfu ti\u1ec1m n\u0103ng.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>N\u1ec1n t\u1ea3ng giao d\u1ecbch Pocket Option cung c\u1ea5p c\u00e1c c\u00f4ng c\u1ee5 to\u00e0n di\u1ec7n v\u00e0 t\u00ednh n\u0103ng ti\u00ean ti\u1ebfn gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 Vi\u1ec7t Nam ti\u1ebfp c\u1eadn, ph\u00e2n t\u00edch v\u00e0 giao d\u1ecbch c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m m\u1ed9t c\u00e1ch thu\u1eadn ti\u1ec7n v\u00e0 hi\u1ec7u qu\u1ea3. T\u1eeb c\u00e1c c\u00f4ng c\u1ee5 ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt hi\u1ec7n \u0111\u1ea1i \u0111\u1ebfn t\u00e0i kho\u1ea3n demo mi\u1ec5n ph\u00ed v\u00e0 c\u00e1c kh\u00f3a h\u1ecdc chuy\u00ean s\u00e2u, Pocket Option \u0111\u00e1p \u1ee9ng nhu c\u1ea7u c\u1ee7a c\u1ea3 nh\u00e0 \u0111\u1ea7u t\u01b0 m\u1edbi b\u1eaft \u0111\u1ea7u v\u00e0 nh\u1eefng ng\u01b0\u1eddi c\u00f3 kinh nghi\u1ec7m trong h\u00e0nh tr\u00ecnh \u0111\u1ea7u t\u01b0 v\u00e0o l\u0129nh v\u1ef1c \u0111\u1ea7y ti\u1ec1m n\u0103ng n\u00e0y.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Trong b\u1ed1i c\u1ea3nh chuy\u1ec3n \u0111\u1ed5i s\u1ed1 v\u00e0 h\u1ed9i nh\u1eadp to\u00e0n c\u1ea7u c\u1ee7a ng\u00e0nh d\u01b0\u1ee3c ph\u1ea9m Vi\u1ec7t Nam, c\u00e1c doanh nghi\u1ec7p c\u00f3 chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ed5i m\u1edbi, \u0111\u1ea7u t\u01b0 v\u00e0o R&amp;D v\u00e0 m\u1edf r\u1ed9ng th\u1ecb tr\u01b0\u1eddng xu\u1ea5t kh\u1ea9u s\u1ebd l\u00e0 l\u1ef1a ch\u1ecdn \u0111\u1ea7u t\u01b0 h\u1ea5p d\u1eabn nh\u1ea5t. Nh\u00e0 \u0111\u1ea7u t\u01b0 th\u00f4ng minh c\u1ea7n li\u00ean t\u1ee5c c\u1eadp nh\u1eadt ki\u1ebfn th\u1ee9c, theo d\u00f5i xu h\u01b0\u1edbng ng\u00e0nh v\u00e0 \u0111i\u1ec1u ch\u1ec9nh chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 \u0111\u1ec3 n\u1eafm b\u1eaft c\u01a1 h\u1ed9i t\u1ed1i \u01b0u t\u1eeb c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m trong h\u00e0nh tr\u00ecnh t\u00ecm ki\u1ebfm l\u1ee3i nhu\u1eadn b\u1ec1n v\u1eefng.<\/p><\/div>[cta_button text=\"\"]","body_html_source":{"label":"Body HTML","type":"wysiwyg","formatted_value":"<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>T\u1ed5ng quan v\u1ec1 c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m t\u1ea1i Vi\u1ec7t Nam<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Th\u1ecb tr\u01b0\u1eddng c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m t\u1ea1i Vi\u1ec7t Nam \u0111\u00e3 tr\u1ea3i qua nh\u1eefng bi\u1ebfn \u0111\u1ed9ng \u0111\u00e1ng k\u1ec3 trong giai \u0111o\u1ea1n 2023-2025. V\u1edbi d\u00e2n s\u1ed1 g\u1ea7n 100 tri\u1ec7u ng\u01b0\u1eddi v\u00e0 chi ti\u00eau y t\u1ebf b\u00ecnh qu\u00e2n \u0111\u1ea7u ng\u01b0\u1eddi t\u0103ng 12,7% h\u00e0ng n\u0103m, ng\u00e0nh d\u01b0\u1ee3c ph\u1ea9m c\u1ee7a Vi\u1ec7t Nam \u0111ang ph\u00e1t tri\u1ec3n nhanh ch\u00f3ng, d\u1ef1 ki\u1ebfn \u0111\u1ea1t t\u1ed1c \u0111\u1ed9 t\u0103ng tr\u01b0\u1edfng k\u00e9p h\u00e0ng n\u0103m (CAGR) t\u1eeb 8-10% t\u1eeb nay \u0111\u1ebfn n\u0103m 2030.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Hi\u1ec7n c\u00f3 23 c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m ni\u00eam y\u1ebft tr\u00ean c\u00e1c s\u00e0n giao d\u1ecbch ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam (HOSE, HNX v\u00e0 UPCOM), v\u1edbi t\u1ed5ng v\u1ed1n h\u00f3a th\u1ecb tr\u01b0\u1eddng kho\u1ea3ng 90 ngh\u00ecn t\u1ef7 VND. C\u00e1c c\u00f4ng ty n\u00e0y ho\u1ea1t \u0111\u1ed9ng trong nhi\u1ec1u ph\u00e2n kh\u00fac, t\u1eeb s\u1ea3n xu\u1ea5t thu\u1ed1c generic, th\u1ef1c ph\u1ea9m ch\u1ee9c n\u0103ng \u0111\u1ebfn ph\u00e2n ph\u1ed1i d\u01b0\u1ee3c ph\u1ea9m v\u00e0 nghi\u00ean c\u1ee9u ph\u00e1t tri\u1ec3n.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>\u0110\u1ea7u t\u01b0 v\u00e0o c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m ng\u00e0y c\u00e0ng h\u1ea5p d\u1eabn do \u0111\u1eb7c t\u00ednh ph\u00f2ng th\u1ee7 cao trong c\u00e1c giai \u0111o\u1ea1n bi\u1ebfn \u0111\u1ed9ng kinh t\u1ebf v\u00e0 ti\u1ec1m n\u0103ng t\u0103ng tr\u01b0\u1edfng d\u00e0i h\u1ea1n. D\u1eef li\u1ec7u t\u1eeb SSI Research cho th\u1ea5y trong giai \u0111o\u1ea1n \u0111i\u1ec1u ch\u1ec9nh th\u1ecb tr\u01b0\u1eddng 2023-2024, nhi\u1ec1u c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m v\u1eabn duy tr\u00ec t\u0103ng tr\u01b0\u1edfng t\u00edch c\u1ef1c, th\u1ec3 hi\u1ec7n s\u1ef1 \u1ed5n \u0111\u1ecbnh c\u1ee7a ng\u00e0nh n\u00e0y.<\/p>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>\u0110\u1eb7c \u0111i\u1ec3m<\/th>\n<th>Tr\u1ea1ng th\u00e1i hi\u1ec7n t\u1ea1i c\u1ee7a ng\u00e0nh d\u01b0\u1ee3c ph\u1ea9m Vi\u1ec7t Nam (2025)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>T\u1ed5ng gi\u00e1 tr\u1ecb th\u1ecb tr\u01b0\u1eddng<\/td>\n<td>Kho\u1ea3ng 8,2 t\u1ef7 USD<\/td>\n<\/tr>\n<tr>\n<td>T\u1ed1c \u0111\u1ed9 t\u0103ng tr\u01b0\u1edfng<\/td>\n<td>9,5% (2024-2025)<\/td>\n<\/tr>\n<tr>\n<td>S\u1ed1 l\u01b0\u1ee3ng c\u00f4ng ty ni\u00eam y\u1ebft<\/td>\n<td>23 c\u00f4ng ty<\/td>\n<\/tr>\n<tr>\n<td>T\u1ef7 l\u1ec7 thu\u1ed1c n\u1ed9i\/nh\u1eadp kh\u1ea9u<\/td>\n<td>48%\/52%<\/td>\n<\/tr>\n<tr>\n<td>Chi ti\u00eau y t\u1ebf b\u00ecnh qu\u00e2n \u0111\u1ea7u ng\u01b0\u1eddi<\/td>\n<td>215 USD\/n\u0103m<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h3 class='po-article-page__title'>\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a th\u1ecb tr\u01b0\u1eddng d\u01b0\u1ee3c ph\u1ea9m Vi\u1ec7t Nam<\/h3>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Th\u1ecb tr\u01b0\u1eddng d\u01b0\u1ee3c ph\u1ea9m Vi\u1ec7t Nam c\u00f3 nh\u1eefng \u0111\u1eb7c \u0111i\u1ec3m ri\u00eang bi\u1ec7t m\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n hi\u1ec3u r\u00f5 tr\u01b0\u1edbc khi quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0 v\u00e0o c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m. Sau \u0111\u1ea1i d\u1ecbch COVID-19, ng\u00e0nh n\u00e0y \u0111\u00e3 tr\u1ea3i qua nhi\u1ec1u thay \u0111\u1ed5i c\u1ea3 v\u1ec1 c\u1ea5u tr\u00fac th\u1ecb tr\u01b0\u1eddng v\u00e0 h\u00e0nh vi ti\u00eau d\u00f9ng.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>\u0110i\u1ec3m \u0111\u00e1ng ch\u00fa \u00fd \u0111\u1ea7u ti\u00ean l\u00e0 khung ph\u00e1p l\u00fd nghi\u00eam ng\u1eb7t. C\u00e1c c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m ch\u1ecbu s\u1ef1 qu\u1ea3n l\u00fd ch\u1eb7t ch\u1ebd t\u1eeb C\u1ee5c Qu\u1ea3n l\u00fd D\u01b0\u1ee3c &#8211; B\u1ed9 Y t\u1ebf, v\u1edbi nhi\u1ec1u quy \u0111\u1ecbnh v\u1ec1 ch\u1ea5t l\u01b0\u1ee3ng, \u0111\u0103ng k\u00fd v\u00e0 l\u01b0u h\u00e0nh thu\u1ed1c. Th\u00f4ng t\u01b0 29\/2023\/TT-BYT v\u1ec1 \u0111\u1ea5u th\u1ea7u thu\u1ed1c (thay th\u1ebf Th\u00f4ng t\u01b0 15\/2019) \u0111\u00e3 t\u1ea1o ra m\u00f4i tr\u01b0\u1eddng c\u1ea1nh tranh m\u1edbi gi\u1eefa c\u00e1c nh\u00e0 s\u1ea3n xu\u1ea5t.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm article-content po-article-page__text'>\n<ul class='po-article-page-list'>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>T\u00ednh ph\u00e1p l\u00fd cao v\u1edbi h\u01a1n 30 v\u0103n b\u1ea3n ph\u00e1p lu\u1eadt \u0111i\u1ec1u ch\u1ec9nh<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Ph\u1ee5 thu\u1ed9c nhi\u1ec1u v\u00e0o nguy\u00ean li\u1ec7u nh\u1eadp kh\u1ea9u (65-70% API t\u1eeb n\u01b0\u1edbc ngo\u00e0i)<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>C\u1ea1nh tranh kh\u1ed1c li\u1ec7t gi\u1eefa c\u00e1c doanh nghi\u1ec7p trong n\u01b0\u1edbc v\u00e0 h\u01a1n 50 c\u00f4ng ty \u0111a qu\u1ed1c gia<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>M\u1ea1ng l\u01b0\u1edbi ph\u00e2n ph\u1ed1i ph\u00e1t tri\u1ec3n v\u1edbi h\u01a1n 40.000 nh\u00e0 thu\u1ed1c tr\u00ean to\u00e0n qu\u1ed1c<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Xu h\u01b0\u1edbng chuy\u1ec3n d\u1ecbch t\u1eeb \u0111i\u1ec1u tr\u1ecb sang ph\u00f2ng ng\u1eeba v\u00e0 ch\u0103m s\u00f3c s\u1ee9c kh\u1ecfe<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>Ph\u00e2n t\u00edch c\u00e1c y\u1ebfu t\u1ed1 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Gi\u00e1 c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m b\u1ecb \u1ea3nh h\u01b0\u1edfng b\u1edfi nhi\u1ec1u y\u1ebfu t\u1ed1 c\u1ee5 th\u1ec3. Kh\u00e1c v\u1edbi nhi\u1ec1u ng\u00e0nh kh\u00e1c, c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m kh\u00f4ng ch\u1ec9 ph\u1ea3n \u00e1nh k\u1ebft qu\u1ea3 kinh doanh m\u00e0 c\u00f2n ph\u1ee5 thu\u1ed9c v\u00e0o c\u00e1c y\u1ebfu t\u1ed1 ch\u00ednh s\u00e1ch, khoa h\u1ecdc v\u00e0 xu h\u01b0\u1edbng ti\u00eau d\u00f9ng.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h3 class='po-article-page__title'>C\u00e1c y\u1ebfu t\u1ed1 v\u0129 m\u00f4 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn c\u1ed5 phi\u1ebfu c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m<\/h3>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Ch\u00ednh s\u00e1ch y t\u1ebf \u0111\u00f3ng vai tr\u00f2 then ch\u1ed1t trong vi\u1ec7c \u0111\u1ecbnh h\u00ecnh th\u1ecb tr\u01b0\u1eddng d\u01b0\u1ee3c ph\u1ea9m Vi\u1ec7t Nam. Chi\u1ebfn l\u01b0\u1ee3c qu\u1ed1c gia ph\u00e1t tri\u1ec3n ng\u00e0nh c\u00f4ng nghi\u1ec7p d\u01b0\u1ee3c \u0111\u1ebfn n\u0103m 2030 v\u00e0 t\u1ea7m nh\u00ecn \u0111\u1ebfn n\u0103m 2045 \u0111\u00e3 \u0111\u1eb7t m\u1ee5c ti\u00eau t\u0103ng t\u1ef7 l\u1ec7 thu\u1ed1c s\u1ea3n xu\u1ea5t trong n\u01b0\u1edbc l\u00ean 80%, t\u1ea1o \u0111\u1ed9ng l\u1ef1c cho c\u00e1c c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m trong n\u01b0\u1edbc.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Ngo\u00e0i ra, c\u00e1c quy \u0111\u1ecbnh m\u1edbi v\u1ec1 \u0111\u1ea5u th\u1ea7u thu\u1ed1c trong Th\u00f4ng t\u01b0 29\/2023\/TT-BYT (c\u00f3 hi\u1ec7u l\u1ef1c t\u1eeb ng\u00e0y 1 th\u00e1ng 1 n\u0103m 2024) \u0111\u00e3 t\u1ea1o ra l\u1ee3i th\u1ebf cho c\u00e1c c\u00f4ng ty c\u00f3 nh\u00e0 m\u00e1y \u0111\u1ea1t ti\u00eau chu\u1ea9n EU-GMP ho\u1eb7c PIC\/S-GMP. Theo d\u1eef li\u1ec7u t\u1eeb C\u1ee5c Qu\u1ea3n l\u00fd D\u01b0\u1ee3c, hi\u1ec7n ch\u1ec9 c\u00f3 5 c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m Vi\u1ec7t Nam \u0111\u1ea1t ti\u00eau chu\u1ea9n EU-GMP v\u00e0 9 c\u00f4ng ty \u0111\u1ea1t ti\u00eau chu\u1ea9n PIC\/S-GMP, t\u1ea1o ra l\u1ee3i th\u1ebf c\u1ea1nh tranh r\u00f5 r\u1ec7t.<\/p>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>Y\u1ebfu t\u1ed1 v\u0129 m\u00f4<\/th>\n<th>T\u00e1c \u0111\u1ed9ng \u0111\u1ebfn c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Th\u00f4ng t\u01b0 29\/2023\/TT-BYT<\/td>\n<td>\u01afu ti\u00ean cho c\u00e1c nh\u00e0 s\u1ea3n xu\u1ea5t thu\u1ed1c \u0111\u1ea1t ti\u00eau chu\u1ea9n EU-GMP, PIC\/S-GMP<\/td>\n<\/tr>\n<tr>\n<td>Bi\u1ebfn \u0111\u1ed9ng t\u1ef7 gi\u00e1 VND\/USD (+5,2% trong 2024)<\/td>\n<td>T\u0103ng chi ph\u00ed nguy\u00ean li\u1ec7u nh\u1eadp kh\u1ea9u, gi\u1ea3m bi\u00ean l\u1ee3i nhu\u1eadn 1,5-2,5%<\/td>\n<\/tr>\n<tr>\n<td>B\u1ea3o hi\u1ec3m y t\u1ebf (ph\u1ee7 s\u00f3ng \u0111\u1ea1t 92,7% d\u00e2n s\u1ed1)<\/td>\n<td>T\u0103ng ti\u00eau th\u1ee5 thu\u1ed1c qua k\u00eanh ETC (b\u1ec7nh vi\u1ec7n)<\/td>\n<\/tr>\n<tr>\n<td>L\u1ea1m ph\u00e1t y t\u1ebf (6,3% trong 2024)<\/td>\n<td>\u00c1p l\u1ef1c l\u00ean gi\u00e1 thu\u1ed1c v\u00e0 chi ph\u00ed s\u1ea3n xu\u1ea5t<\/td>\n<\/tr>\n<tr>\n<td>Quy \u0111\u1ecbnh chuy\u1ec3n \u0111\u1ed5i s\u1ed1 y t\u1ebf<\/td>\n<td>Th\u00fac \u0111\u1ea9y \u0111\u1ea7u t\u01b0 v\u00e0o c\u00f4ng ngh\u1ec7 v\u00e0 th\u01b0\u01a1ng m\u1ea1i \u0111i\u1ec7n t\u1eed d\u01b0\u1ee3c ph\u1ea9m<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>D\u00e2n s\u1ed1 gi\u00e0 h\u00f3a \u0111ang di\u1ec5n ra nhanh ch\u00f3ng t\u1ea1i Vi\u1ec7t Nam, v\u1edbi t\u1ef7 l\u1ec7 ng\u01b0\u1eddi tr\u00ean 60 tu\u1ed5i \u0111\u00e3 t\u0103ng t\u1eeb 12% n\u0103m 2020 l\u00ean 13,3% n\u0103m 2025, v\u00e0 d\u1ef1 ki\u1ebfn \u0111\u1ea1t 21% v\u00e0o n\u0103m 2035. Theo th\u1ed1ng k\u00ea t\u1eeb B\u1ed9 Y t\u1ebf, ng\u01b0\u1eddi cao tu\u1ed5i ti\u00eau th\u1ee5 trung b\u00ecnh g\u1ea5p 3,2 l\u1ea7n thu\u1ed1c so v\u1edbi ng\u01b0\u1eddi trong \u0111\u1ed9 tu\u1ed5i lao \u0111\u1ed9ng, \u0111\u1eb7c bi\u1ec7t l\u00e0 c\u00e1c lo\u1ea1i thu\u1ed1c cho b\u1ec7nh m\u00e3n t\u00ednh nh\u01b0 tim m\u1ea1ch, ti\u1ec3u \u0111\u01b0\u1eddng v\u00e0 b\u1ec7nh x\u01b0\u01a1ng kh\u1edbp.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h3 class='po-article-page__title'>C\u00e1c y\u1ebfu t\u1ed1 vi m\u00f4 c\u1ee5 th\u1ec3 c\u1ee7a c\u00e1c c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m<\/h3>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Hi\u1ec7u qu\u1ea3 kinh doanh c\u1ee7a t\u1eebng c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m ph\u1ee5 thu\u1ed9c v\u00e0o nhi\u1ec1u y\u1ebfu t\u1ed1 n\u1ed9i t\u1ea1i. \u0110\u00e1ng ch\u00fa \u00fd, c\u00e1c c\u00f4ng ty c\u00f3 doanh thu cao t\u1eeb k\u00eanh OTC (nh\u00e0 thu\u1ed1c) th\u01b0\u1eddng \u00edt b\u1ecb \u1ea3nh h\u01b0\u1edfng b\u1edfi c\u00e1c thay \u0111\u1ed5i trong ch\u00ednh s\u00e1ch \u0111\u1ea5u th\u1ea7u thu\u1ed1c, nh\u01b0ng ph\u1ea3i \u0111\u1ed1i m\u1eb7t v\u1edbi chi ph\u00ed ti\u1ebfp th\u1ecb cao h\u01a1n (15-20% doanh thu) v\u00e0 c\u1ea1nh tranh gay g\u1eaft h\u01a1n.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Ph\u00e2n t\u00edch t\u1eeb VNDirect cho th\u1ea5y c\u00e1c c\u00f4ng ty c\u00f3 t\u1ef7 l\u1ec7 doanh thu OTC tr\u00ean 70% nh\u01b0 DHG, TRA c\u00f3 bi\u00ean l\u1ee3i nhu\u1eadn g\u1ed9p dao \u0111\u1ed9ng t\u1eeb 45-48%, cao h\u01a1n \u0111\u00e1ng k\u1ec3 so v\u1edbi c\u00e1c c\u00f4ng ty ph\u1ee5 thu\u1ed9c v\u00e0o k\u00eanh ETC (35-40%). Tuy nhi\u00ean, chi ph\u00ed b\u00e1n h\u00e0ng c\u1ee7a nh\u00f3m OTC c\u0169ng cao h\u01a1n 1,5-2 l\u1ea7n, khi\u1ebfn bi\u00ean l\u1ee3i nhu\u1eadn r\u00f2ng kh\u00f4ng kh\u00e1c bi\u1ec7t nhi\u1ec1u gi\u1eefa hai nh\u00f3m.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm article-content po-article-page__text'>\n<ul class='po-article-page-list'>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Danh m\u1ee5c s\u1ea3n ph\u1ea9m (s\u1ed1 l\u01b0\u1ee3ng, \u0111a d\u1ea1ng, \u0111\u1ed9c quy\u1ec1n) quy\u1ebft \u0111\u1ecbnh kh\u1ea3 n\u0103ng c\u1ea1nh tranh<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>C\u01a1 c\u1ea5u doanh thu OTC\/ETC \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn bi\u00ean l\u1ee3i nhu\u1eadn v\u00e0 s\u1ef1 \u1ed5n \u0111\u1ecbnh<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Ti\u00eau chu\u1ea9n nh\u00e0 m\u00e1y (WHO-GMP, EU-GMP, PIC\/S-GMP) \u1ea3nh h\u01b0\u1edfng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn kh\u1ea3 n\u0103ng \u0111\u1ea5u th\u1ea7u<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Kh\u1ea3 n\u0103ng R&amp;D quy\u1ebft \u0111\u1ecbnh kh\u1ea3 n\u0103ng \u0111\u1ed5i m\u1edbi s\u1ea3n ph\u1ea9m (hi\u1ec7n ch\u1ec9 c\u00f3 5% c\u00f4ng ty d\u01b0\u1ee3c Vi\u1ec7t Nam \u0111\u1ea7u t\u01b0 tr\u00ean 5% doanh thu v\u00e0o R&amp;D)<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Hi\u1ec7u qu\u1ea3 qu\u1ea3n l\u00fd h\u00e0ng t\u1ed3n kho v\u00e0 n\u1ee3 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn d\u00f2ng ti\u1ec1n v\u00e0 ROA<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>M\u1ed9t \u0111i\u1ec3m \u00edt \u0111\u01b0\u1ee3c ch\u00fa \u00fd nh\u01b0ng c\u00f3 t\u00e1c \u0111\u1ed9ng l\u1edbn \u0111\u1ebfn tri\u1ec3n v\u1ecdng c\u1ee7a c\u00e1c c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m l\u00e0 chu k\u1ef3 h\u1ebft h\u1ea1n b\u1ea3o h\u1ed9 b\u1eb1ng s\u00e1ng ch\u1ebf c\u1ee7a c\u00e1c thu\u1ed1c g\u1ed1c. Trong giai \u0111o\u1ea1n 2025-2027, nhi\u1ec1u thu\u1ed1c bom t\u1ea5n v\u1edbi doanh thu to\u00e0n c\u1ea7u h\u00e0ng t\u1ef7 USD s\u1ebd h\u1ebft h\u1ea1n, t\u1ea1o c\u01a1 h\u1ed9i cho c\u00e1c nh\u00e0 s\u1ea3n xu\u1ea5t thu\u1ed1c generic t\u1ea1i Vi\u1ec7t Nam. Theo IQVIA, gi\u00e1 thu\u1ed1c generic th\u01b0\u1eddng ch\u1ec9 b\u1eb1ng 30-40% gi\u00e1 thu\u1ed1c g\u1ed1c, nh\u01b0ng mang l\u1ea1i bi\u00ean l\u1ee3i nhu\u1eadn t\u1ed1t cho c\u00e1c nh\u00e0 s\u1ea3n xu\u1ea5t trong n\u01b0\u1edbc.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>C\u00e1c m\u00e3 c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m ti\u1ec1m n\u0103ng h\u00e0ng \u0111\u1ea7u<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Th\u1ecb tr\u01b0\u1eddng c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m Vi\u1ec7t Nam c\u00f3 nhi\u1ec1u m\u00e3 h\u1ea5p d\u1eabn \u0111\u00e1ng \u0111\u1ec3 nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e2n nh\u1eafc trong n\u0103m 2025. D\u01b0\u1edbi \u0111\u00e2y l\u00e0 ph\u00e2n t\u00edch chi ti\u1ebft v\u1ec1 m\u1ed9t s\u1ed1 c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m n\u1ed5i b\u1eadt d\u1ef1a tr\u00ean k\u1ebft qu\u1ea3 kinh doanh g\u1ea7n \u0111\u00e2y, chi\u1ebfn l\u01b0\u1ee3c ph\u00e1t tri\u1ec3n v\u00e0 \u0111\u1ecbnh gi\u00e1 hi\u1ec7n t\u1ea1i.<\/p>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>M\u00e3 c\u1ed5 phi\u1ebfu<\/th>\n<th>L\u0129nh v\u1ef1c kinh doanh ch\u00ednh<\/th>\n<th>\u0110i\u1ec3m m\u1ea1nh<\/th>\n<th>\u0110i\u1ec3m c\u1ea7n l\u01b0u \u00fd<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>DHG<\/td>\n<td>Thu\u1ed1c generic, th\u1ef1c ph\u1ea9m ch\u1ee9c n\u0103ng<\/td>\n<td>5% th\u1ecb ph\u1ea7n to\u00e0n th\u1ecb tr\u01b0\u1eddng, ROE 18,2%, nh\u00e0 m\u00e1y \u0111\u1ea1t chu\u1ea9n EU-GMP, h\u1ed7 tr\u1ee3 R&amp;D t\u1eeb Taisho<\/td>\n<td>T\u0103ng tr\u01b0\u1edfng ch\u1eadm l\u1ea1i (5,7% trong 2024), P\/E cao (18,5x)<\/td>\n<\/tr>\n<tr>\n<td>TRA<\/td>\n<td>D\u01b0\u1ee3c ph\u1ea9m, m\u1ef9 ph\u1ea9m, th\u1ef1c ph\u1ea9m ch\u1ee9c n\u0103ng<\/td>\n<td>T\u0103ng tr\u01b0\u1edfng doanh thu 12,3% (2024), nh\u00e0 m\u00e1y m\u1edbi \u0111\u1ea1t chu\u1ea9n PIC\/S-GMP, R&amp;D m\u1ea1nh<\/td>\n<td>T\u1ef7 l\u1ec7 n\u1ee3 cao (0,9x), bi\u00ean l\u1ee3i nhu\u1eadn b\u1ecb \u1ea3nh h\u01b0\u1edfng b\u1edfi chi ph\u00ed kh\u1ea5u hao<\/td>\n<\/tr>\n<tr>\n<td>DMC<\/td>\n<td>Kh\u00e1ng sinh, vitamin, kho\u00e1ng ch\u1ea5t<\/td>\n<td>Xu\u1ea5t kh\u1ea9u sang 14 th\u1ecb tr\u01b0\u1eddng, t\u0103ng tr\u01b0\u1edfng \u1ed5n \u0111\u1ecbnh 8-10%\/n\u0103m, ROE 15,6%<\/td>\n<td>Ph\u1ee5 thu\u1ed9c v\u00e0o nguy\u00ean li\u1ec7u nh\u1eadp kh\u1ea9u (75% COGS), bi\u00ean l\u1ee3i nhu\u1eadn th\u1ea5p<\/td>\n<\/tr>\n<tr>\n<td>DBD<\/td>\n<td>Thu\u1ed1c tim m\u1ea1ch, ti\u00eau h\u00f3a<\/td>\n<td>L\u1ee3i th\u1ebf khu v\u1ef1c mi\u1ec1n Trung, chi ph\u00ed th\u1ea5p, c\u1ed5 t\u1ee9c \u1ed5n \u0111\u1ecbnh 7-8%\/n\u0103m<\/td>\n<td>Quy m\u00f4 nh\u1ecf (v\u1ed1n h\u00f3a 820 t\u1ef7 VND), thanh kho\u1ea3n th\u1ea5p (45.000 c\u1ed5 phi\u1ebfu\/ng\u00e0y)<\/td>\n<\/tr>\n<tr>\n<td>OPC<\/td>\n<td>D\u01b0\u1ee3c li\u1ec7u, thu\u1ed1c th\u1ea3o d\u01b0\u1ee3c<\/td>\n<td>35ha v\u00f9ng nguy\u00ean li\u1ec7u, h\u01b0\u1edfng l\u1ee3i t\u1eeb xu h\u01b0\u1edbng s\u1eed d\u1ee5ng thu\u1ed1c t\u1ef1 nhi\u00ean<\/td>\n<td>C\u1ea1nh tranh v\u1edbi s\u1ea3n ph\u1ea9m Trung Qu\u1ed1c, t\u00ednh m\u00f9a v\u1ee5 cao, P\/E th\u1ea5p (9,5x)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Khi ph\u00e2n t\u00edch c\u1ed5 phi\u1ebfu c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n ch\u00fa \u00fd \u0111\u1ebfn m\u1ed9t s\u1ed1 ch\u1ec9 s\u1ed1 t\u00e0i ch\u00ednh quan tr\u1ecdng. Theo nghi\u00ean c\u1ee9u c\u1ee7a VCBS, c\u00e1c c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m c\u00f3 ROE tr\u00ean 15%, bi\u00ean l\u1ee3i nhu\u1eadn g\u1ed9p tr\u00ean 40%, v\u00e0 t\u1ef7 l\u1ec7 c\u1ed5 t\u1ee9c \u1ed5n \u0111\u1ecbnh (tr\u00ean 5%) th\u01b0\u1eddng mang l\u1ea1i hi\u1ec7u su\u1ea5t \u0111\u1ea7u t\u01b0 t\u1ed1t trong d\u00e0i h\u1ea1n. Bi\u1ebfn \u0111\u1ed9ng l\u1edbn v\u1ec1 t\u1ef7 gi\u00e1 v\u00e0 gi\u00e1 nguy\u00ean li\u1ec7u API trong giai \u0111o\u1ea1n 2023-2024 \u0111\u00e3 g\u00e2y \u00e1p l\u1ef1c l\u00ean bi\u00ean l\u1ee3i nhu\u1eadn c\u1ee7a nhi\u1ec1u doanh nghi\u1ec7p, nh\u01b0ng \u0111\u00e3 d\u1ea7n \u1ed5n \u0111\u1ecbnh trong qu\u00fd 2\/2025.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>M&amp;A (mua b\u00e1n v\u00e0 s\u00e1p nh\u1eadp) l\u00e0 m\u1ed9t xu h\u01b0\u1edbng n\u1ed5i b\u1eadt trong ng\u00e0nh d\u01b0\u1ee3c ph\u1ea9m Vi\u1ec7t Nam. Trong giai \u0111o\u1ea1n 2023-2025, \u0111\u00e3 c\u00f3 8 giao d\u1ecbch l\u1edbn v\u1edbi t\u1ed5ng gi\u00e1 tr\u1ecb tr\u00ean 500 tri\u1ec7u USD. C\u00e1c v\u00ed d\u1ee5 \u0111\u00e1ng ch\u00fa \u00fd bao g\u1ed3m Taisho (Nh\u1eadt B\u1ea3n) t\u0103ng s\u1edf h\u1eefu t\u1ea1i DHG l\u00ean 51,8%, SK Group (H\u00e0n Qu\u1ed1c) mua 24,9% c\u1ed5 ph\u1ea7n Imexpharm, v\u00e0 Stada Group (\u0110\u1ee9c) mua l\u1ea1i 100% Phytopharma. C\u00e1c giao d\u1ecbch n\u00e0y th\u01b0\u1eddng k\u00edch th\u00edch gi\u00e1 c\u1ed5 phi\u1ebfu t\u0103ng 20-30% trong ng\u1eafn h\u1ea1n v\u00e0 t\u1ea1o \u0111\u1ed9ng l\u1ef1c t\u0103ng tr\u01b0\u1edfng m\u1edbi trong trung-d\u00e0i h\u1ea1n.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>Chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 c\u1ed5 phi\u1ebfu c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>\u0110\u1ea7u t\u01b0 v\u00e0o c\u1ed5 phi\u1ebfu c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m \u0111\u00f2i h\u1ecfi c\u00e1c chi\u1ebfn l\u01b0\u1ee3c c\u1ee5 th\u1ec3 d\u1ef1a tr\u00ean ph\u00e2n t\u00edch s\u00e2u s\u1eafc v\u1ec1 \u0111\u1eb7c \u0111i\u1ec3m ng\u00e0nh v\u00e0 m\u1ee5c ti\u00eau c\u00e1 nh\u00e2n. T\u00f9y thu\u1ed9c v\u00e0o kh\u1ea9u v\u1ecb r\u1ee7i ro v\u00e0 th\u1eddi gian \u0111\u1ea7u t\u01b0, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 l\u1ef1a ch\u1ecdn c\u00e1c chi\u1ebfn l\u01b0\u1ee3c kh\u00e1c nhau \u0111\u1ec3 t\u1ed1i \u01b0u h\u00f3a l\u1ee3i nhu\u1eadn.<\/p>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>Chi\u1ebfn l\u01b0\u1ee3c<\/th>\n<th>\u0110\u1eb7c \u0111i\u1ec3m<\/th>\n<th>Ph\u00f9 h\u1ee3p v\u1edbi<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>\u0110\u1ea7u t\u01b0 gi\u00e1 tr\u1ecb<\/td>\n<td>Ch\u1ecdn c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m c\u00f3 P\/E th\u1ea5p (d\u01b0\u1edbi 15x), P\/B d\u01b0\u1edbi 2x, c\u1ed5 t\u1ee9c \u1ed5n \u0111\u1ecbnh (tr\u00ean 5%)<\/td>\n<td>Nh\u00e0 \u0111\u1ea7u t\u01b0 b\u1ea3o to\u00e0n v\u1ed1n, \u01b0a th\u00edch thu nh\u1eadp \u1ed5n \u0111\u1ecbnh<\/td>\n<\/tr>\n<tr>\n<td>\u0110\u1ea7u t\u01b0 t\u0103ng tr\u01b0\u1edfng<\/td>\n<td>\u01afu ti\u00ean c\u00e1c c\u00f4ng ty c\u00f3 t\u0103ng tr\u01b0\u1edfng doanh thu tr\u00ean 15%\/n\u0103m, \u0111\u1ea7u t\u01b0 l\u1edbn v\u00e0o R&amp;D, m\u1edf r\u1ed9ng xu\u1ea5t kh\u1ea9u<\/td>\n<td>Nh\u00e0 \u0111\u1ea7u t\u01b0 ch\u1ea5p nh\u1eadn \u0111\u1ecbnh gi\u00e1 cao (P\/E 18-25x) \u0111\u1ec3 \u0111\u1ed5i l\u1ea5y t\u0103ng tr\u01b0\u1edfng<\/td>\n<\/tr>\n<tr>\n<td>\u0110\u1ea7u t\u01b0 d\u1ef1a tr\u00ean s\u1ef1 ki\u1ec7n<\/td>\n<td>T\u1eadp trung v\u00e0o c\u00e1c s\u1ef1 ki\u1ec7n nh\u01b0 ph\u00ea duy\u1ec7t thu\u1ed1c m\u1edbi, ch\u1ee9ng nh\u1eadn nh\u00e0 m\u00e1y ti\u00eau chu\u1ea9n cao, M&amp;A<\/td>\n<td>Nh\u00e0 \u0111\u1ea7u t\u01b0 trung h\u1ea1n c\u00f3 kh\u1ea3 n\u0103ng ph\u00e2n t\u00edch t\u00e1c \u0111\u1ed9ng s\u1ef1 ki\u1ec7n \u0111\u1ebfn gi\u00e1 c\u1ed5 phi\u1ebfu<\/td>\n<\/tr>\n<tr>\n<td>\u0110a d\u1ea1ng h\u00f3a ng\u00e0nh<\/td>\n<td>Ph\u00e2n b\u1ed5 v\u1ed1n v\u00e0o nhi\u1ec1u ph\u00e2n kh\u00fac: s\u1ea3n xu\u1ea5t, ph\u00e2n ph\u1ed1i, thu\u1ed1c generic, thu\u1ed1c chuy\u00ean bi\u1ec7t<\/td>\n<td>Nh\u00e0 \u0111\u1ea7u t\u01b0 mu\u1ed1n gi\u1ea3m thi\u1ec3u r\u1ee7i ro c\u1ee5 th\u1ec3 c\u1ee7a c\u00f4ng ty<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>K\u1ebft h\u1ee3p ph\u00e2n t\u00edch c\u01a1 b\u1ea3n v\u00e0 k\u1ef9 thu\u1eadt l\u00e0 m\u1ed9t c\u00e1ch ti\u1ebfp c\u1eadn hi\u1ec7u qu\u1ea3 khi \u0111\u1ea7u t\u01b0 v\u00e0o c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m. Ph\u00e2n t\u00edch c\u00e1c b\u00e1o c\u00e1o t\u00e0i ch\u00ednh qu\u00fd m\u1edbi nh\u1ea5t, \u0111\u1eb7c bi\u1ec7t l\u00e0 t\u1ef7 l\u1ec7 t\u0103ng tr\u01b0\u1edfng doanh thu, bi\u00ean l\u1ee3i nhu\u1eadn v\u00e0 kh\u1ea3 n\u0103ng t\u1ea1o d\u00f2ng ti\u1ec1n s\u1ebd gi\u00fap x\u00e1c \u0111\u1ecbnh c\u00e1c doanh nghi\u1ec7p c\u00f3 n\u1ec1n t\u1ea3ng v\u1eefng ch\u1eafc. N\u1ec1n t\u1ea3ng Pocket Option cung c\u1ea5p nhi\u1ec1u c\u00f4ng c\u1ee5 ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt nh\u01b0 RSI, MACD v\u00e0 Bollinger Bands \u0111\u1ec3 x\u00e1c \u0111\u1ecbnh xu h\u01b0\u1edbng gi\u00e1 v\u00e0 th\u1eddi \u0111i\u1ec3m v\u00e0o th\u1ecb tr\u01b0\u1eddng t\u1ed1i \u01b0u.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>D\u1eef li\u1ec7u t\u1eeb VDSC cho th\u1ea5y trong giai \u0111o\u1ea1n 2020-2024, chi\u1ebfn l\u01b0\u1ee3c DCA (Dollar-Cost Averaging) \u00e1p d\u1ee5ng cho r\u1ed5 10 c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m l\u1edbn nh\u1ea5t Vi\u1ec7t Nam \u0111\u00e3 mang l\u1ea1i l\u1ee3i nhu\u1eadn trung b\u00ecnh 12,5%\/n\u0103m, v\u01b0\u1ee3t tr\u1ed9i so v\u1edbi VN-Index (9,7%\/n\u0103m). Chi\u1ebfn l\u01b0\u1ee3c n\u00e0y \u0111\u1eb7c bi\u1ec7t hi\u1ec7u qu\u1ea3 trong c\u00e1c giai \u0111o\u1ea1n bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh c\u1ee7a th\u1ecb tr\u01b0\u1eddng nh\u01b0 2022-2023.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm article-content po-article-page__text'>\n<ul class='po-article-page-list'>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>X\u00e1c \u0111\u1ecbnh r\u00f5 m\u1ee5c ti\u00eau \u0111\u1ea7u t\u01b0: thu nh\u1eadp c\u1ed5 t\u1ee9c, t\u0103ng gi\u00e1 v\u1ed1n, ho\u1eb7c k\u1ebft h\u1ee3p c\u1ea3 hai<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>\u0110a d\u1ea1ng h\u00f3a danh m\u1ee5c v\u1edbi t\u1ef7 l\u1ec7 ph\u00f9 h\u1ee3p: 40-50% c\u00f4ng ty d\u1eabn \u0111\u1ea7u ng\u00e0nh, 30-40% c\u00f4ng ty t\u0103ng tr\u01b0\u1edfng, 10-20% c\u1ed5 phi\u1ebfu ti\u1ec1m n\u0103ng<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Theo d\u00f5i l\u1ecbch c\u00f4ng b\u1ed1 k\u1ebft qu\u1ea3 kinh doanh, h\u1ecdp c\u1ed5 \u0111\u00f4ng v\u00e0 c\u00e1c s\u1ef1 ki\u1ec7n quan tr\u1ecdng<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Ch\u00fa \u00fd \u0111\u1ebfn c\u00e1c thay \u0111\u1ed5i quy \u0111\u1ecbnh ng\u00e0nh d\u01b0\u1ee3c s\u1ebd c\u00f3 hi\u1ec7u l\u1ef1c trong 6-12 th\u00e1ng t\u1edbi<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>M\u1ed9t g\u00f3c nh\u00ecn kh\u00e1c l\u00e0 \u0111\u1ea7u t\u01b0 v\u00e0o c\u00e1c c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m c\u00f3 ti\u1ec1m n\u0103ng tr\u1edf th\u00e0nh m\u1ee5c ti\u00eau M&amp;A. Theo b\u00e1o c\u00e1o c\u1ee7a KPMG, c\u00e1c t\u1eadp \u0111o\u00e0n d\u01b0\u1ee3c ph\u1ea9m \u0111a qu\u1ed1c gia th\u01b0\u1eddng tr\u1ea3 gi\u00e1 cao h\u01a1n 25-40% khi th\u1ef1c hi\u1ec7n c\u00e1c giao d\u1ecbch M&amp;A t\u1ea1i c\u00e1c th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i nh\u01b0 Vi\u1ec7t Nam. C\u00e1c d\u1ea5u hi\u1ec7u nh\u1eadn bi\u1ebft bao g\u1ed3m: c\u00f4ng ty c\u00f3 th\u1ecb ph\u1ea7n l\u1edbn trong c\u00e1c ph\u00e2n kh\u00fac c\u1ee5 th\u1ec3, m\u1ea1ng l\u01b0\u1edbi ph\u00e2n ph\u1ed1i r\u1ed9ng kh\u1eafp, danh m\u1ee5c s\u1ea3n ph\u1ea9m \u0111\u1ed9c \u0111\u00e1o v\u00e0 ti\u1ec1m n\u0103ng xu\u1ea5t kh\u1ea9u, nh\u01b0ng kh\u00f4ng c\u00f3 c\u1ed5 \u0111\u00f4ng chi\u1ebfn l\u01b0\u1ee3c n\u01b0\u1edbc ngo\u00e0i ho\u1eb7c t\u1ef7 l\u1ec7 s\u1edf h\u1eefu n\u01b0\u1edbc ngo\u00e0i th\u1ea5p.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>Qu\u1ea3n l\u00fd r\u1ee7i ro khi \u0111\u1ea7u t\u01b0 v\u00e0o ng\u00e0nh d\u01b0\u1ee3c ph\u1ea9m<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>M\u1eb7c d\u00f9 \u0111\u01b0\u1ee3c coi l\u00e0 m\u1ed9t ng\u00e0nh ph\u00f2ng th\u1ee7, \u0111\u1ea7u t\u01b0 v\u00e0o c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m v\u1eabn ch\u1ee9a \u0111\u1ef1ng nhi\u1ec1u r\u1ee7i ro c\u1ee5 th\u1ec3 m\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n nh\u1eadn di\u1ec7n v\u00e0 qu\u1ea3n l\u00fd hi\u1ec7u qu\u1ea3. Hi\u1ec3u r\u00f5 nh\u1eefng r\u1ee7i ro n\u00e0y s\u1ebd gi\u00fap x\u00e2y d\u1ef1ng c\u00e1c chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 b\u1ec1n v\u1eefng h\u01a1n.<\/p>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>Lo\u1ea1i r\u1ee7i ro<\/th>\n<th>M\u00f4 t\u1ea3 chi ti\u1ebft<\/th>\n<th>Bi\u1ec7n ph\u00e1p qu\u1ea3n l\u00fd c\u1ee5 th\u1ec3<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>R\u1ee7i ro ph\u00e1p l\u00fd<\/td>\n<td>Thay \u0111\u1ed5i trong quy \u0111\u1ecbnh \u0111\u0103ng k\u00fd thu\u1ed1c, ki\u1ec3m so\u00e1t gi\u00e1, \u0111\u1ea5u th\u1ea7u (Th\u00f4ng t\u01b0 29\/2023 \u0111\u00e3 g\u00e2y bi\u1ebfn \u0111\u1ed9ng l\u1edbn trong th\u1ecb ph\u1ea7n ETC)<\/td>\n<td>Theo d\u00f5i c\u00e1c d\u1ef1 th\u1ea3o v\u0103n b\u1ea3n ph\u00e1p lu\u1eadt t\u1eeb B\u1ed9 Y t\u1ebf, \u01b0u ti\u00ean c\u00e1c c\u00f4ng ty c\u00f3 c\u01a1 c\u1ea5u doanh thu \u0111a d\u1ea1ng gi\u1eefa OTC\/ETC<\/td>\n<\/tr>\n<tr>\n<td>R\u1ee7i ro c\u1ea1nh tranh<\/td>\n<td>C\u1ea1nh tranh t\u1eeb 217 doanh nghi\u1ec7p trong n\u01b0\u1edbc v\u00e0 54 c\u00f4ng ty \u0111a qu\u1ed1c gia, nh\u1eadp kh\u1ea9u thu\u1ed1c t\u0103ng 14,5% trong 2024<\/td>\n<td>Ch\u1ecdn c\u00e1c c\u00f4ng ty c\u00f3 l\u1ee3i th\u1ebf c\u1ea1nh tranh b\u1ec1n v\u1eefng: th\u01b0\u01a1ng hi\u1ec7u m\u1ea1nh, \u0111\u1ed9c quy\u1ec1n s\u1ea3n ph\u1ea9m, c\u00f4ng ngh\u1ec7 \u0111\u1ed9c quy\u1ec1n<\/td>\n<\/tr>\n<tr>\n<td>R\u1ee7i ro nguy\u00ean li\u1ec7u<\/td>\n<td>Gi\u00e1 API t\u1eeb Trung Qu\u1ed1c, \u1ea4n \u0110\u1ed9 bi\u1ebfn \u0111\u1ed9ng 15-20% trong 2023-2024, v\u1ea5n \u0111\u1ec1 gi\u00e1n \u0111o\u1ea1n chu\u1ed7i cung \u1ee9ng<\/td>\n<td>\u01afu ti\u00ean c\u00e1c c\u00f4ng ty c\u00f3 nh\u00e0 cung c\u1ea5p \u0111a d\u1ea1ng, t\u1ed3n kho h\u1ee3p l\u00fd (3-4 th\u00e1ng s\u1ea3n xu\u1ea5t), h\u1ee3p \u0111\u1ed3ng d\u00e0i h\u1ea1n<\/td>\n<\/tr>\n<tr>\n<td>R\u1ee7i ro t\u1ef7 gi\u00e1<\/td>\n<td>VND m\u1ea5t gi\u00e1 5,2% so v\u1edbi USD trong 2024, \u1ea3nh h\u01b0\u1edfng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn chi ph\u00ed nh\u1eadp kh\u1ea9u<\/td>\n<td>Ph\u00e2n t\u00edch kh\u1ea3 n\u0103ng ph\u00f2ng ng\u1eeba t\u1ef7 gi\u00e1 c\u1ee7a c\u00f4ng ty, kh\u1ea3 n\u0103ng \u0111\u1ecbnh gi\u00e1 v\u00e0 chuy\u1ec3n chi ph\u00ed cho ng\u01b0\u1eddi ti\u00eau d\u00f9ng<\/td>\n<\/tr>\n<tr>\n<td>R\u1ee7i ro R&amp;D<\/td>\n<td>T\u1ef7 l\u1ec7 th\u1ea5t b\u1ea1i R&amp;D cao trong ng\u00e0nh d\u01b0\u1ee3c ph\u1ea9m (75-80%), chi ph\u00ed l\u1edbn \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn l\u1ee3i nhu\u1eadn<\/td>\n<td>\u0110\u00e1nh gi\u00e1 danh m\u1ee5c nghi\u00ean c\u1ee9u th\u1ef1c t\u1ebf, tr\u00e1nh c\u00e1c c\u00f4ng ty \u0111\u1eb7t qu\u00e1 nhi\u1ec1u k\u1ef3 v\u1ecdng v\u00e0o s\u1ea3n ph\u1ea9m m\u1edbi ch\u01b0a \u0111\u01b0\u1ee3c ch\u1ee9ng minh<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>M\u1ed9t r\u1ee7i ro c\u1ee5 th\u1ec3 c\u1ee7a ng\u00e0nh d\u01b0\u1ee3c ph\u1ea9m l\u00e0 qu\u00e1 tr\u00ecnh ph\u00ea duy\u1ec7t v\u00e0 \u0111\u0103ng k\u00fd thu\u1ed1c k\u00e9o d\u00e0i. Theo d\u1eef li\u1ec7u t\u1eeb C\u1ee5c Qu\u1ea3n l\u00fd D\u01b0\u1ee3c, th\u1eddi gian trung b\u00ecnh \u0111\u1ec3 \u0111\u0103ng k\u00fd m\u1ed9t lo\u1ea1i thu\u1ed1c generic m\u1edbi t\u1ea1i Vi\u1ec7t Nam l\u00e0 12-18 th\u00e1ng, trong khi thu\u1ed1c m\u1edbi c\u1ea7n 24-36 th\u00e1ng. S\u1ef1 ch\u1eadm tr\u1ec5 n\u00e0y c\u00f3 th\u1ec3 \u1ea3nh h\u01b0\u1edfng \u0111\u00e1ng k\u1ec3 \u0111\u1ebfn k\u1ebf ho\u1ea1ch kinh doanh v\u00e0 l\u1ee3i nhu\u1eadn d\u1ef1 ki\u1ebfn c\u1ee7a c\u00e1c c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Khi giao d\u1ecbch c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m tr\u00ean Pocket Option, nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean t\u1eadn d\u1ee5ng \u0111\u1ea7y \u0111\u1ee7 c\u00e1c c\u00f4ng c\u1ee5 qu\u1ea3n l\u00fd r\u1ee7i ro. T\u00ednh n\u0103ng Stop Loss t\u1ef1 \u0111\u1ed9ng gi\u00fap gi\u1edbi h\u1ea1n l\u1ed7 khi th\u1ecb tr\u01b0\u1eddng di\u1ec5n bi\u1ebfn kh\u00f4ng thu\u1eadn l\u1ee3i, trong khi Take Profit \u0111\u1ea3m b\u1ea3o ch\u1ed1t l\u1eddi khi \u0111\u1ea1t m\u1ee5c ti\u00eau gi\u00e1. Pocket Option cho ph\u00e9p thi\u1ebft l\u1eadp c\u00e1c m\u1ee9c n\u00e0y v\u1edbi \u0111\u1ed9 linh ho\u1ea1t cao, ph\u00f9 h\u1ee3p v\u1edbi t\u1eebng chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 c\u1ee5 th\u1ec3.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>M\u1ed9t chi\u1ebfn l\u01b0\u1ee3c qu\u1ea3n l\u00fd r\u1ee7i ro hi\u1ec7u qu\u1ea3 l\u00e0 tu\u00e2n theo nguy\u00ean t\u1eafc ph\u00e2n b\u1ed5 t\u00e0i s\u1ea3n 5-10-20. Theo \u0111\u00f3, kh\u00f4ng \u0111\u1ea7u t\u01b0 qu\u00e1 5% danh m\u1ee5c v\u00e0o m\u1ed9t c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m \u0111\u01a1n l\u1ebb, kh\u00f4ng qu\u00e1 10% v\u00e0o m\u1ed9t ph\u00e2n kh\u00fac c\u1ee5 th\u1ec3 (nh\u01b0 thu\u1ed1c generic, thu\u1ed1c chuy\u00ean bi\u1ec7t, ph\u00e2n ph\u1ed1i), v\u00e0 kh\u00f4ng qu\u00e1 20% t\u1ed5ng danh m\u1ee5c v\u00e0o to\u00e0n b\u1ed9 ng\u00e0nh d\u01b0\u1ee3c ph\u1ea9m. Nguy\u00ean t\u1eafc n\u00e0y \u0111\u00e3 \u0111\u01b0\u1ee3c ch\u1ee9ng minh gi\u00fap gi\u1ea3m thi\u1ec3u r\u1ee7i ro t\u1eadp trung trong nhi\u1ec1u nghi\u00ean c\u1ee9u qu\u1ea3n l\u00fd danh m\u1ee5c \u0111\u1ea7u t\u01b0.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>Tri\u1ec3n v\u1ecdng c\u1ee7a th\u1ecb tr\u01b0\u1eddng d\u01b0\u1ee3c ph\u1ea9m Vi\u1ec7t Nam<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Th\u1ecb tr\u01b0\u1eddng d\u01b0\u1ee3c ph\u1ea9m Vi\u1ec7t Nam \u0111ang \u0111\u1ed1i m\u1eb7t v\u1edbi nhi\u1ec1u tri\u1ec3n v\u1ecdng t\u00edch c\u1ef1c trong giai \u0111o\u1ea1n 2025-2030, mang l\u1ea1i c\u01a1 h\u1ed9i h\u1ea5p d\u1eabn cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 d\u00e0i h\u1ea1n v\u00e0o c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m. Nhi\u1ec1u y\u1ebfu t\u1ed1 v\u0129 m\u00f4 v\u00e0 vi m\u00f4 \u0111ang h\u1ed9i t\u1ee5, t\u1ea1o \u0111\u1ed9ng l\u1ef1c t\u0103ng tr\u01b0\u1edfng b\u1ec1n v\u1eefng cho ng\u00e0nh n\u00e0y.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h3 class='po-article-page__title'>C\u00e1c \u0111\u1ed9ng l\u1ef1c t\u0103ng tr\u01b0\u1edfng ch\u00ednh<\/h3>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>D\u00e2n s\u1ed1 gi\u00e0 h\u00f3a l\u00e0 y\u1ebfu t\u1ed1 quan tr\u1ecdng nh\u1ea5t th\u00fac \u0111\u1ea9y nhu c\u1ea7u d\u01b0\u1ee3c ph\u1ea9m t\u1ea1i Vi\u1ec7t Nam. D\u1eef li\u1ec7u t\u1eeb T\u1ed5ng c\u1ee5c Th\u1ed1ng k\u00ea cho th\u1ea5y t\u1ef7 l\u1ec7 ng\u01b0\u1eddi tr\u00ean 60 tu\u1ed5i s\u1ebd t\u0103ng t\u1eeb 13,3% n\u0103m 2025 l\u00ean kho\u1ea3ng 21% v\u00e0o n\u0103m 2035. Nh\u00f3m d\u00e2n s\u1ed1 n\u00e0y ti\u00eau th\u1ee5 thu\u1ed1c nhi\u1ec1u g\u1ea5p 3,2 l\u1ea7n so v\u1edbi d\u00e2n s\u1ed1 trong \u0111\u1ed9 tu\u1ed5i lao \u0111\u1ed9ng, \u0111\u1eb7c bi\u1ec7t l\u00e0 c\u00e1c lo\u1ea1i thu\u1ed1c cho b\u1ec7nh m\u00e3n t\u00ednh nh\u01b0 tim m\u1ea1ch, ti\u1ec3u \u0111\u01b0\u1eddng v\u00e0 ung th\u01b0.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Thu nh\u1eadp b\u00ecnh qu\u00e2n \u0111\u1ea7u ng\u01b0\u1eddi t\u1ea1i Vi\u1ec7t Nam d\u1ef1 ki\u1ebfn t\u0103ng t\u1eeb 4.100 USD (2024) l\u00ean 5.500-6.000 USD v\u00e0o n\u0103m 2030, \u0111i k\u00e8m v\u1edbi s\u1ef1 t\u0103ng tr\u01b0\u1edfng m\u1ea1nh m\u1ebd trong chi ti\u00eau y t\u1ebf. Theo BMI Research, chi ti\u00eau y t\u1ebf b\u00ecnh qu\u00e2n \u0111\u1ea7u ng\u01b0\u1eddi t\u1ea1i Vi\u1ec7t Nam d\u1ef1 ki\u1ebfn t\u0103ng t\u1eeb 215 USD (2025) l\u00ean kho\u1ea3ng 350 USD v\u00e0o n\u0103m 2030, t\u1ea1o \u0111\u1ed9ng l\u1ef1c l\u1edbn cho th\u1ecb tr\u01b0\u1eddng d\u01b0\u1ee3c ph\u1ea9m.<\/p>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>Xu h\u01b0\u1edbng ch\u00ednh<\/th>\n<th>T\u00e1c \u0111\u1ed9ng \u0111\u1ebfn ng\u00e0nh d\u01b0\u1ee3c ph\u1ea9m<\/th>\n<th>C\u01a1 h\u1ed9i \u0111\u1ea7u t\u01b0 c\u1ee5 th\u1ec3<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>T\u0103ng c\u00e1c b\u1ec7nh kh\u00f4ng l\u00e2y nhi\u1ec5m<\/td>\n<td>Nhu c\u1ea7u thu\u1ed1c \u0111i\u1ec1u tr\u1ecb m\u00e3n t\u00ednh t\u0103ng 12-15%\/n\u0103m, chi\u1ebfm 65% chi ph\u00ed \u0111i\u1ec1u tr\u1ecb<\/td>\n<td>C\u00e1c c\u00f4ng ty chuy\u00ean v\u1ec1 tim m\u1ea1ch, ti\u1ec3u \u0111\u01b0\u1eddng, ung th\u01b0 nh\u01b0 DHG, IMP, TV2<\/td>\n<\/tr>\n<tr>\n<td>Chuy\u1ec3n \u0111\u1ed5i s\u1ed1 trong y t\u1ebf<\/td>\n<td>25% \u0111\u01a1n thu\u1ed1c \u0111\u01b0\u1ee3c c\u1ea5p qua n\u1ec1n t\u1ea3ng s\u1ed1, h\u1ec7 th\u1ed1ng ph\u00e2n ph\u1ed1i th\u00f4ng minh gi\u1ea3m chi ph\u00ed 12%<\/td>\n<td>C\u00e1c c\u00f4ng ty \u0111\u1ea7u t\u01b0 m\u1ea1nh v\u00e0o c\u00f4ng ngh\u1ec7, th\u01b0\u01a1ng m\u1ea1i \u0111i\u1ec7n t\u1eed nh\u01b0 PME, DBD<\/td>\n<\/tr>\n<tr>\n<td>RCEP v\u00e0 c\u00e1c FTA<\/td>\n<td>Xu\u1ea5t kh\u1ea9u d\u01b0\u1ee3c ph\u1ea9m c\u1ee7a Vi\u1ec7t Nam t\u0103ng 18,5% trong 2024, m\u1edf r\u1ed9ng ra 36 th\u1ecb tr\u01b0\u1eddng<\/td>\n<td>C\u00e1c c\u00f4ng ty c\u00f3 kh\u1ea3 n\u0103ng xu\u1ea5t kh\u1ea9u v\u00e0 ch\u1ee9ng nh\u1eadn EU-GMP nh\u01b0 TRA, DMC<\/td>\n<\/tr>\n<tr>\n<td>Ph\u00e1t tri\u1ec3n d\u01b0\u1ee3c li\u1ec7u trong n\u01b0\u1edbc<\/td>\n<td>Di\u1ec7n t\u00edch tr\u1ed3ng d\u01b0\u1ee3c li\u1ec7u t\u0103ng t\u1eeb 35.000ha (2024) l\u00ean 50.000ha (2030)<\/td>\n<td>C\u00e1c c\u00f4ng ty chuy\u00ean v\u1ec1 thu\u1ed1c th\u1ea3o d\u01b0\u1ee3c nh\u01b0 OPC, TRA<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Ch\u00ednh ph\u1ee7 Vi\u1ec7t Nam \u0111\u00e3 ban h\u00e0nh Chi\u1ebfn l\u01b0\u1ee3c qu\u1ed1c gia ph\u00e1t tri\u1ec3n ng\u00e0nh c\u00f4ng nghi\u1ec7p d\u01b0\u1ee3c \u0111\u1ebfn n\u0103m 2030, \u0111\u1eb7t m\u1ee5c ti\u00eau t\u0103ng t\u1ef7 l\u1ec7 thu\u1ed1c s\u1ea3n xu\u1ea5t trong n\u01b0\u1edbc t\u1eeb 48% hi\u1ec7n nay l\u00ean 80% v\u00e0o n\u0103m 2030. Ch\u01b0\u01a1ng tr\u00ecnh n\u00e0y \u0111\u01b0\u1ee3c h\u1ed7 tr\u1ee3 b\u1edfi nhi\u1ec1u ch\u00ednh s\u00e1ch \u01b0u \u0111\u00e3i v\u1ec1 thu\u1ebf, \u0111\u1ea5t \u0111ai v\u00e0 v\u1ed1n cho c\u00e1c doanh nghi\u1ec7p \u0111\u1ea7u t\u01b0 v\u00e0o s\u1ea3n xu\u1ea5t d\u01b0\u1ee3c ph\u1ea9m c\u00f4ng ngh\u1ec7 cao v\u00e0 nguy\u00ean li\u1ec7u API.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Hi\u1ec7p \u0111\u1ecbnh RCEP v\u00e0 c\u00e1c FTA kh\u00e1c m\u00e0 Vi\u1ec7t Nam \u0111\u00e3 k\u00fd k\u1ebft \u0111ang m\u1edf ra c\u01a1 h\u1ed9i cho xu\u1ea5t kh\u1ea9u d\u01b0\u1ee3c ph\u1ea9m sang c\u00e1c th\u1ecb tr\u01b0\u1eddng khu v\u1ef1c v\u00e0 qu\u1ed1c t\u1ebf. N\u0103m 2024, gi\u00e1 tr\u1ecb xu\u1ea5t kh\u1ea9u d\u01b0\u1ee3c ph\u1ea9m c\u1ee7a Vi\u1ec7t Nam \u0111\u1ea1t 235 tri\u1ec7u USD, t\u0103ng 18,5% so v\u1edbi n\u0103m 2023. C\u00e1c th\u1ecb tr\u01b0\u1eddng xu\u1ea5t kh\u1ea9u ch\u00ednh bao g\u1ed3m ASEAN, Nh\u1eadt B\u1ea3n, Nga v\u00e0 m\u1ed9t s\u1ed1 n\u01b0\u1edbc ch\u00e2u Phi. C\u00e1c doanh nghi\u1ec7p c\u00f3 chi\u1ebfn l\u01b0\u1ee3c qu\u1ed1c t\u1ebf h\u00f3a v\u00e0 \u0111\u00e1p \u1ee9ng ti\u00eau chu\u1ea9n ch\u1ea5t l\u01b0\u1ee3ng qu\u1ed1c t\u1ebf s\u1ebd \u0111\u01b0\u1ee3c h\u01b0\u1edfng l\u1ee3i l\u1edbn t\u1eeb xu h\u01b0\u1edbng n\u00e0y.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm article-content po-article-page__text'>\n<ul class='po-article-page-list'>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Th\u1ecb tr\u01b0\u1eddng d\u01b0\u1ee3c ph\u1ea9m Vi\u1ec7t Nam d\u1ef1 ki\u1ebfn \u0111\u1ea1t 16,5 t\u1ef7 USD v\u00e0o n\u0103m 2030 (CAGR 9,2%)<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>T\u1ef7 l\u1ec7 thu\u1ed1c s\u1ea3n xu\u1ea5t trong n\u01b0\u1edbc s\u1ebd t\u0103ng t\u1eeb 48% l\u00ean 80% v\u00e0o n\u0103m 2030 theo chi\u1ebfn l\u01b0\u1ee3c qu\u1ed1c gia<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>D\u00f2ng v\u1ed1n FDI v\u00e0o ng\u00e0nh d\u01b0\u1ee3c ph\u1ea9m \u0111\u1ea1t 857 tri\u1ec7u USD trong giai \u0111o\u1ea1n 2021-2024, d\u1ef1 ki\u1ebfn t\u0103ng g\u1ea5p \u0111\u00f4i v\u00e0o n\u0103m 2030<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Ph\u00e2n kh\u00fac d\u01b0\u1ee3c sinh h\u1ecdc \u0111ang t\u0103ng tr\u01b0\u1edfng nhanh nh\u1ea5t, \u0111\u1ea1t 25%\/n\u0103m<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>B\u00ean c\u1ea1nh nh\u1eefng tri\u1ec3n v\u1ecdng t\u00edch c\u1ef1c, ng\u00e0nh d\u01b0\u1ee3c ph\u1ea9m Vi\u1ec7t Nam v\u1eabn \u0111\u1ed1i m\u1eb7t v\u1edbi th\u00e1ch th\u1ee9c v\u1ec1 n\u0103ng l\u1ef1c nghi\u00ean c\u1ee9u v\u00e0 ph\u00e1t tri\u1ec3n h\u1ea1n ch\u1ebf v\u00e0 ph\u1ee5 thu\u1ed9c v\u00e0o nguy\u00ean li\u1ec7u nh\u1eadp kh\u1ea9u. Hi\u1ec7n ch\u1ec9 c\u00f3 5 c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m Vi\u1ec7t Nam \u0111\u1ea7u t\u01b0 h\u01a1n 5% doanh thu v\u00e0o R&amp;D, th\u1ea5p h\u01a1n nhi\u1ec1u so v\u1edbi m\u1ee9c trung b\u00ecnh 15-20% c\u1ee7a c\u00e1c c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m \u0111a qu\u1ed1c gia. \u0110\u00e2y l\u00e0 r\u00e0o c\u1ea3n l\u1edbn trong vi\u1ec7c ph\u00e1t tri\u1ec3n c\u00e1c s\u1ea3n ph\u1ea9m chuy\u00ean bi\u1ec7t v\u00e0 thu\u1ed1c c\u00f4ng ngh\u1ec7 cao.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>C\u00e1ch giao d\u1ecbch c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m tr\u00ean n\u1ec1n t\u1ea3ng Pocket Option<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Pocket Option cung c\u1ea5p m\u1ed9t n\u1ec1n t\u1ea3ng giao d\u1ecbch ti\u00ean ti\u1ebfn gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 Vi\u1ec7t Nam ti\u1ebfp c\u1eadn c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m m\u1ed9t c\u00e1ch thu\u1eadn ti\u1ec7n v\u00e0 hi\u1ec7u qu\u1ea3. V\u1edbi giao di\u1ec7n th\u00e2n thi\u1ec7n v\u00e0 nhi\u1ec1u c\u00f4ng c\u1ee5 ph\u00e2n t\u00edch chuy\u00ean s\u00e2u, Pocket Option \u0111\u00e1p \u1ee9ng nhu c\u1ea7u c\u1ee7a c\u1ea3 nh\u00e0 \u0111\u1ea7u t\u01b0 m\u1edbi v\u00e0 chuy\u00ean nghi\u1ec7p.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>\u0110\u1ec3 b\u1eaft \u0111\u1ea7u, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n \u0111\u0103ng k\u00fd t\u00e0i kho\u1ea3n tr\u00ean trang web ho\u1eb7c \u1ee9ng d\u1ee5ng di \u0111\u1ed9ng Pocket Option, ho\u00e0n t\u1ea5t qu\u00e1 tr\u00ecnh x\u00e1c minh danh t\u00ednh theo quy \u0111\u1ecbnh KYC. Sau \u0111\u00f3, n\u1ea1p ti\u1ec1n v\u00e0o t\u00e0i kho\u1ea3n giao d\u1ecbch th\u00f4ng qua nhi\u1ec1u ph\u01b0\u01a1ng th\u1ee9c thanh to\u00e1n ph\u1ed5 bi\u1ebfn t\u1ea1i Vi\u1ec7t Nam nh\u01b0 th\u1ebb ng\u00e2n h\u00e0ng n\u1ed9i \u0111\u1ecba, v\u00ed \u0111i\u1ec7n t\u1eed Momo, ZaloPay, ho\u1eb7c chuy\u1ec3n kho\u1ea3n ng\u00e2n h\u00e0ng.<\/p>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>B\u01b0\u1edbc giao d\u1ecbch<\/th>\n<th>H\u01b0\u1edbng d\u1eabn chi ti\u1ebft<\/th>\n<th>L\u01b0u \u00fd quan tr\u1ecdng<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1. Nghi\u00ean c\u1ee9u th\u1ecb tr\u01b0\u1eddng<\/td>\n<td>S\u1eed d\u1ee5ng c\u00f4ng c\u1ee5 ph\u00e2n t\u00edch c\u01a1 b\u1ea3n v\u00e0 k\u1ef9 thu\u1eadt tr\u00ean Pocket Option \u0111\u1ec3 \u0111\u00e1nh gi\u00e1 c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m<\/td>\n<td>K\u1ebft h\u1ee3p th\u00f4ng tin t\u1eeb c\u00e1c b\u00e1o c\u00e1o ng\u00e0nh c\u1ee7a SSI, VCBS v\u00e0 c\u00e1c ngu\u1ed3n \u0111\u00e1ng tin c\u1eady kh\u00e1c<\/td>\n<\/tr>\n<tr>\n<td>2. X\u00e2y d\u1ef1ng chi\u1ebfn l\u01b0\u1ee3c<\/td>\n<td>X\u00e1c \u0111\u1ecbnh m\u1ee5c ti\u00eau (t\u0103ng tr\u01b0\u1edfng\/c\u1ed5 t\u1ee9c), th\u1eddi gian n\u1eafm gi\u1eef, m\u1ee9c \u0111\u1ed9 ch\u1ea5p nh\u1eadn r\u1ee7i ro (2-5% v\u1ed1n\/giao d\u1ecbch)<\/td>\n<td>Vi\u1ebft r\u00f5 k\u1ebf ho\u1ea1ch giao d\u1ecbch v\u1edbi c\u00e1c m\u1ee9c v\u00e0o, ra v\u00e0 d\u1eebng l\u1ed7 c\u1ee5 th\u1ec3<\/td>\n<\/tr>\n<tr>\n<td>3. M\u1edf v\u1ecb th\u1ebf giao d\u1ecbch<\/td>\n<td>Ch\u1ecdn m\u00e3 c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m, lo\u1ea1i l\u1ec7nh (Th\u1ecb tr\u01b0\u1eddng\/Gi\u1edbi h\u1ea1n), kh\u1ed1i l\u01b0\u1ee3ng v\u00e0 \u0111\u00f2n b\u1ea9y ph\u00f9 h\u1ee3p (n\u1ebfu s\u1eed d\u1ee5ng)<\/td>\n<td>\u0110\u1ed1i v\u1edbi c\u00e1c c\u1ed5 phi\u1ebfu thanh kho\u1ea3n th\u1ea5p nh\u01b0 DBD, OPC, n\u00ean s\u1eed d\u1ee5ng L\u1ec7nh Gi\u1edbi h\u1ea1n<\/td>\n<\/tr>\n<tr>\n<td>4. \u0110\u1eb7t b\u1ea3o v\u1ec7<\/td>\n<td>\u0110\u1eb7t Stop Loss (5-10% d\u01b0\u1edbi gi\u00e1 mua) v\u00e0 Take Profit (15-25% tr\u00ean gi\u00e1 mua) theo bi\u1ebfn \u0111\u1ed9ng trung b\u00ecnh<\/td>\n<td>Kh\u00f4ng di chuy\u1ec3n Stop Loss xa h\u01a1n m\u1ee9c ban \u0111\u1ea7u khi giao d\u1ecbch \u0111ang l\u1ed7<\/td>\n<\/tr>\n<tr>\n<td>5. Gi\u00e1m s\u00e1t v\u00e0 \u0111i\u1ec1u ch\u1ec9nh<\/td>\n<td>S\u1eed d\u1ee5ng \u1ee9ng d\u1ee5ng di \u0111\u1ed9ng Pocket Option \u0111\u1ec3 gi\u00e1m s\u00e1t giao d\u1ecbch, \u0111\u1eb7t c\u1ea3nh b\u00e1o khi gi\u00e1 \u0111\u1ea1t ng\u01b0\u1ee1ng k\u1ef9 thu\u1eadt<\/td>\n<td>C\u1eadp nh\u1eadt chi\u1ebfn l\u01b0\u1ee3c khi c\u00f3 th\u00f4ng tin m\u1edbi v\u1ec1 ch\u00ednh s\u00e1ch, k\u1ebft qu\u1ea3 kinh doanh<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>N\u1ec1n t\u1ea3ng Pocket Option cung c\u1ea5p nhi\u1ec1u c\u00f4ng c\u1ee5 ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt hi\u1ec7n \u0111\u1ea1i \u0111\u1eb7c bi\u1ec7t ph\u00f9 h\u1ee3p cho c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m. Nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 s\u1eed d\u1ee5ng c\u00e1c ch\u1ec9 b\u00e1o \u0111\u1ed9ng l\u01b0\u1ee3ng nh\u01b0 RSI \u0111\u1ec3 x\u00e1c \u0111\u1ecbnh \u0111i\u1ec1u ki\u1ec7n qu\u00e1 mua\/qu\u00e1 b\u00e1n, MACD \u0111\u1ec3 nh\u1eadn di\u1ec7n xu h\u01b0\u1edbng chuy\u1ec3n \u0111\u1ed9ng, v\u00e0 Bollinger Bands \u0111\u1ec3 x\u00e1c \u0111\u1ecbnh ph\u1ea1m vi bi\u1ebfn \u0111\u1ed9ng gi\u00e1 v\u00e0 c\u00e1c \u0111i\u1ec3m \u0111\u1ed9t ph\u00e1 ti\u1ec1m n\u0103ng.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>M\u1ed9t l\u1ee3i th\u1ebf \u0111\u1ed9c \u0111\u00e1o c\u1ee7a vi\u1ec7c giao d\u1ecbch c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m tr\u00ean Pocket Option l\u00e0 truy c\u1eadp th\u1ecb tr\u01b0\u1eddng 24\/5, kh\u00f4ng b\u1ecb gi\u1edbi h\u1ea1n b\u1edfi gi\u1edd giao d\u1ecbch c\u1ee7a HOSE v\u00e0 HNX (9:00-15:00). \u0110i\u1ec1u n\u00e0y cho ph\u00e9p nh\u00e0 \u0111\u1ea7u t\u01b0 ph\u1ea3n \u1ee9ng k\u1ecbp th\u1eddi v\u1edbi c\u00e1c tin t\u1ee9c qu\u1ed1c t\u1ebf \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn ng\u00e0nh d\u01b0\u1ee3c ph\u1ea9m (nh\u01b0 ph\u00ea duy\u1ec7t thu\u1ed1c, M&amp;A to\u00e0n c\u1ea7u) ngay c\u1ea3 sau gi\u1edd giao d\u1ecbch ch\u00ednh th\u1ee9c t\u1ea1i Vi\u1ec7t Nam.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Pocket Option cung c\u1ea5p t\u00e0i kho\u1ea3n demo v\u1edbi 10.000 USD \u1ea3o, cho ph\u00e9p nh\u00e0 \u0111\u1ea7u t\u01b0 th\u1ef1c h\u00e0nh c\u00e1c chi\u1ebfn l\u01b0\u1ee3c giao d\u1ecbch c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m trong m\u00f4i tr\u01b0\u1eddng kh\u00f4ng r\u1ee7i ro. \u0110\u00e2y l\u00e0 c\u00e1ch hi\u1ec7u qu\u1ea3 \u0111\u1ec3 l\u00e0m quen v\u1edbi n\u1ec1n t\u1ea3ng v\u00e0 ki\u1ec3m ch\u1ee9ng c\u00e1c chi\u1ebfn l\u01b0\u1ee3c tr\u01b0\u1edbc khi \u0111\u1ea7u t\u01b0 ti\u1ec1n th\u1eadt. Ngo\u00e0i ra, n\u1ec1n t\u1ea3ng c\u00f2n cung c\u1ea5p nhi\u1ec1u kh\u00f3a h\u1ecdc tr\u1ef1c tuy\u1ebfn mi\u1ec5n ph\u00ed v\u1ec1 ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt v\u00e0 c\u01a1 b\u1ea3n, v\u1edbi c\u00e1c ph\u00e2n t\u00edch chuy\u00ean s\u00e2u v\u1ec1 ng\u00e0nh d\u01b0\u1ee3c ph\u1ea9m Vi\u1ec7t Nam do c\u00e1c chuy\u00ean gia h\u00e0ng \u0111\u1ea7u th\u1ef1c hi\u1ec7n.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>\u0110\u1ed1i v\u1edbi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 d\u00e0i h\u1ea1n v\u00e0o c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m, Pocket Option cung c\u1ea5p c\u00f4ng c\u1ee5 DCA t\u1ef1 \u0111\u1ed9ng, cho ph\u00e9p thi\u1ebft l\u1eadp c\u00e1c k\u1ebf ho\u1ea1ch mua \u0111\u1ecbnh k\u1ef3 v\u1edbi s\u1ed1 ti\u1ec1n c\u1ed1 \u0111\u1ecbnh h\u00e0ng tu\u1ea7n ho\u1eb7c h\u00e0ng th\u00e1ng. T\u00ednh n\u0103ng n\u00e0y gi\u00fap th\u1ef1c hi\u1ec7n chi\u1ebfn l\u01b0\u1ee3c trung b\u00ecnh gi\u00e1 m\u1ed9t c\u00e1ch k\u1ef7 lu\u1eadt, gi\u1ea3m thi\u1ec3u t\u00e1c \u0111\u1ed9ng c\u1ee7a bi\u1ebfn \u0111\u1ed9ng gi\u00e1 ng\u1eafn h\u1ea1n v\u00e0 t\u00e2m l\u00fd th\u1ecb tr\u01b0\u1eddng.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>K\u1ebft lu\u1eadn<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>C\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m t\u1ea1i Vi\u1ec7t Nam ng\u00e0y c\u00e0ng tr\u1edf th\u00e0nh \u0111i\u1ec3m \u0111\u1ebfn h\u1ea5p d\u1eabn cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 nh\u1edd s\u1ef1 k\u1ebft h\u1ee3p gi\u1eefa \u0111\u1eb7c t\u00ednh ph\u00f2ng th\u1ee7 v\u00e0 ti\u1ec1m n\u0103ng t\u0103ng tr\u01b0\u1edfng d\u00e0i h\u1ea1n. V\u1edbi c\u00e1c \u0111\u1ed9ng l\u1ef1c t\u1eeb d\u00e2n s\u1ed1 gi\u00e0 h\u00f3a, t\u0103ng tr\u01b0\u1edfng thu nh\u1eadp v\u00e0 ch\u00ednh s\u00e1ch h\u1ed7 tr\u1ee3 c\u1ee7a ch\u00ednh ph\u1ee7, ng\u00e0nh d\u01b0\u1ee3c ph\u1ea9m Vi\u1ec7t Nam \u0111\u01b0\u1ee3c d\u1ef1 b\u00e1o duy tr\u00ec t\u0103ng tr\u01b0\u1edfng 8-10% trong th\u1eadp k\u1ef7 t\u1edbi, t\u1ea1o n\u1ec1n t\u1ea3ng v\u1eefng ch\u1eafc cho s\u1ef1 ph\u00e1t tri\u1ec3n c\u1ee7a c\u00e1c c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m trong n\u01b0\u1edbc.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>\u0110\u1ec3 \u0111\u1ea7u t\u01b0 hi\u1ec7u qu\u1ea3 v\u00e0o c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m, nh\u00e0 \u0111\u1ea7u t\u01b0 Vi\u1ec7t Nam c\u1ea7n x\u00e2y d\u1ef1ng c\u00e1c chi\u1ebfn l\u01b0\u1ee3c to\u00e0n di\u1ec7n d\u1ef1a tr\u00ean ph\u00e2n t\u00edch s\u00e2u s\u1eafc v\u1ec1 \u0111\u1eb7c \u0111i\u1ec3m ng\u00e0nh, xu h\u01b0\u1edbng th\u1ecb tr\u01b0\u1eddng v\u00e0 c\u00e1c y\u1ebfu t\u1ed1 v\u0129 m\u00f4 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn doanh nghi\u1ec7p. \u0110\u00e1nh gi\u00e1 c\u1ea9n th\u1eadn c\u00e1c ch\u1ec9 s\u1ed1 t\u00e0i ch\u00ednh c\u1ed1t l\u00f5i nh\u01b0 ROE, bi\u00ean l\u1ee3i nhu\u1eadn, t\u1ef7 l\u1ec7 n\u1ee3 c\u00f9ng v\u1edbi kh\u1ea3 n\u0103ng c\u1ea1nh tranh v\u00e0 chi\u1ebfn l\u01b0\u1ee3c ph\u00e1t tri\u1ec3n c\u1ee7a t\u1eebng c\u00f4ng ty l\u00e0 y\u1ebfu t\u1ed1 then ch\u1ed1t trong vi\u1ec7c l\u1ef1a ch\u1ecdn c\u1ed5 phi\u1ebfu ti\u1ec1m n\u0103ng.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>N\u1ec1n t\u1ea3ng giao d\u1ecbch Pocket Option cung c\u1ea5p c\u00e1c c\u00f4ng c\u1ee5 to\u00e0n di\u1ec7n v\u00e0 t\u00ednh n\u0103ng ti\u00ean ti\u1ebfn gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 Vi\u1ec7t Nam ti\u1ebfp c\u1eadn, ph\u00e2n t\u00edch v\u00e0 giao d\u1ecbch c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m m\u1ed9t c\u00e1ch thu\u1eadn ti\u1ec7n v\u00e0 hi\u1ec7u qu\u1ea3. T\u1eeb c\u00e1c c\u00f4ng c\u1ee5 ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt hi\u1ec7n \u0111\u1ea1i \u0111\u1ebfn t\u00e0i kho\u1ea3n demo mi\u1ec5n ph\u00ed v\u00e0 c\u00e1c kh\u00f3a h\u1ecdc chuy\u00ean s\u00e2u, Pocket Option \u0111\u00e1p \u1ee9ng nhu c\u1ea7u c\u1ee7a c\u1ea3 nh\u00e0 \u0111\u1ea7u t\u01b0 m\u1edbi b\u1eaft \u0111\u1ea7u v\u00e0 nh\u1eefng ng\u01b0\u1eddi c\u00f3 kinh nghi\u1ec7m trong h\u00e0nh tr\u00ecnh \u0111\u1ea7u t\u01b0 v\u00e0o l\u0129nh v\u1ef1c \u0111\u1ea7y ti\u1ec1m n\u0103ng n\u00e0y.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Trong b\u1ed1i c\u1ea3nh chuy\u1ec3n \u0111\u1ed5i s\u1ed1 v\u00e0 h\u1ed9i nh\u1eadp to\u00e0n c\u1ea7u c\u1ee7a ng\u00e0nh d\u01b0\u1ee3c ph\u1ea9m Vi\u1ec7t Nam, c\u00e1c doanh nghi\u1ec7p c\u00f3 chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ed5i m\u1edbi, \u0111\u1ea7u t\u01b0 v\u00e0o R&amp;D v\u00e0 m\u1edf r\u1ed9ng th\u1ecb tr\u01b0\u1eddng xu\u1ea5t kh\u1ea9u s\u1ebd l\u00e0 l\u1ef1a ch\u1ecdn \u0111\u1ea7u t\u01b0 h\u1ea5p d\u1eabn nh\u1ea5t. Nh\u00e0 \u0111\u1ea7u t\u01b0 th\u00f4ng minh c\u1ea7n li\u00ean t\u1ee5c c\u1eadp nh\u1eadt ki\u1ebfn th\u1ee9c, theo d\u00f5i xu h\u01b0\u1edbng ng\u00e0nh v\u00e0 \u0111i\u1ec1u ch\u1ec9nh chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 \u0111\u1ec3 n\u1eafm b\u1eaft c\u01a1 h\u1ed9i t\u1ed1i \u01b0u t\u1eeb c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m trong h\u00e0nh tr\u00ecnh t\u00ecm ki\u1ebfm l\u1ee3i nhu\u1eadn b\u1ec1n v\u1eefng.<\/p>\n<\/div>\n    <div class=\"po-container po-container_width_article\">\n        <a href=\"\/en\/quick-start\/\" class=\"po-line-banner po-article-page__line-banner\">\n            <svg class=\"svg-image po-line-banner__logo\" fill=\"currentColor\" width=\"auto\" height=\"auto\"\n                 aria-hidden=\"true\">\n                <use href=\"#svg-img-logo-white\"><\/use>\n            <\/svg>\n            <span class=\"po-line-banner__btn\"><\/span>\n        <\/a>\n    <\/div>\n    \n"},"faq":[{"question":"M\u00e3 c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m n\u00e0o c\u00f3 ti\u1ec1m n\u0103ng t\u0103ng tr\u01b0\u1edfng t\u1ed1t nh\u1ea5t t\u1ea1i Vi\u1ec7t Nam v\u00e0o n\u0103m 2025?","answer":"C\u00e1c c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m h\u00e0ng \u0111\u1ea7u nh\u01b0 DHG, TRA v\u00e0 DMC \u0111ang cho th\u1ea5y ti\u1ec1m n\u0103ng t\u00edch c\u1ef1c nh\u1edd v\u00e0o n\u1ec1n t\u1ea3ng t\u00e0i ch\u00ednh v\u1eefng ch\u1eafc v\u00e0 chi\u1ebfn l\u01b0\u1ee3c ph\u00e1t tri\u1ec3n r\u00f5 r\u00e0ng. \u0110\u1eb7c bi\u1ec7t, TRA v\u1edbi t\u1ed1c \u0111\u1ed9 t\u0103ng tr\u01b0\u1edfng doanh thu 12,3% (2024) v\u00e0 m\u1ed9t nh\u00e0 m\u00e1y m\u1edbi \u0111\u1ea1t ti\u00eau chu\u1ea9n PIC\/S-GMP \u0111ang \u0111\u01b0\u1ee3c nhi\u1ec1u nh\u00e0 ph\u00e2n t\u00edch \u0111\u00e1nh gi\u00e1 cao. DMC v\u1edbi chi\u1ebfn l\u01b0\u1ee3c xu\u1ea5t kh\u1ea9u sang 14 th\u1ecb tr\u01b0\u1eddng c\u0169ng l\u00e0 m\u1ed9t l\u1ef1a ch\u1ecdn h\u1ea5p d\u1eabn cho \u0111\u1ea7u t\u01b0 d\u00e0i h\u1ea1n."},{"question":"L\u00e0m th\u1ebf n\u00e0o \u0111\u1ec3 \u0111\u00e1nh gi\u00e1 ch\u00ednh x\u00e1c gi\u00e1 tr\u1ecb c\u1ee7a m\u1ed9t c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m Vi\u1ec7t Nam?","answer":"\u0110\u00e1nh gi\u00e1 c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m Vi\u1ec7t Nam \u0111\u00f2i h\u1ecfi ph\u00e2n t\u00edch to\u00e0n di\u1ec7n c\u00e1c y\u1ebfu t\u1ed1: ch\u1ec9 s\u1ed1 t\u00e0i ch\u00ednh (ROE >15%, bi\u00ean l\u1ee3i nhu\u1eadn g\u1ed9p >40%), c\u01a1 c\u1ea5u doanh thu (t\u1ef7 l\u1ec7 OTC\/ETC), ti\u00eau chu\u1ea9n s\u1ea3n xu\u1ea5t \u0111\u1ea1t \u0111\u01b0\u1ee3c (WHO-GMP, EU-GMP, PIC\/S-GMP), m\u1ea1ng l\u01b0\u1edbi ph\u00e2n ph\u1ed1i, danh m\u1ee5c s\u1ea3n ph\u1ea9m v\u00e0 kh\u1ea3 n\u0103ng \u0111\u1ed5i m\u1edbi. \u0110\u1eb7c bi\u1ec7t ch\u00fa \u00fd \u0111\u1ebfn kh\u1ea3 n\u0103ng th\u00edch \u1ee9ng v\u1edbi Th\u00f4ng t\u01b0 29\/2023\/TT-BYT v\u1ec1 \u0111\u1ea5u th\u1ea7u thu\u1ed1c v\u00e0 chi\u1ebfn l\u01b0\u1ee3c \u1ee9ng ph\u00f3 v\u1edbi bi\u1ebfn \u0111\u1ed9ng gi\u00e1 nguy\u00ean li\u1ec7u API."},{"question":"T\u1ea1i sao \u0111\u1ea7u t\u01b0 v\u00e0o c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m \u0111\u01b0\u1ee3c coi l\u00e0 m\u1ed9t chi\u1ebfn l\u01b0\u1ee3c ph\u00f2ng th\u1ee7 hi\u1ec7u qu\u1ea3 trong nh\u1eefng giai \u0111o\u1ea1n bi\u1ebfn \u0111\u1ed9ng?","answer":"C\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m \u0111\u01b0\u1ee3c coi l\u00e0 ph\u00f2ng th\u1ee7 v\u00ec nhu c\u1ea7u v\u1ec1 thu\u1ed1c v\u00e0 d\u1ecbch v\u1ee5 ch\u0103m s\u00f3c s\u1ee9c kh\u1ecfe t\u01b0\u01a1ng \u0111\u1ed1i \u1ed5n \u0111\u1ecbnh trong m\u1ecdi \u0111i\u1ec1u ki\u1ec7n kinh t\u1ebf. D\u1eef li\u1ec7u t\u1eeb 2022-2023 cho th\u1ea5y khi VN-Index gi\u1ea3m 32,8%, ch\u1ec9 s\u1ed1 ng\u00e0nh d\u01b0\u1ee3c ph\u1ea9m ch\u1ec9 gi\u1ea3m 12,6%. C\u00e1c c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m th\u01b0\u1eddng c\u00f3 d\u00f2ng ti\u1ec1n \u1ed5n \u0111\u1ecbnh v\u1edbi bi\u00ean l\u1ee3i nhu\u1eadn r\u00f2ng trung b\u00ecnh t\u1eeb 12-15%, t\u1ef7 l\u1ec7 n\u1ee3 th\u1ea5p v\u00e0 kh\u1ea3 n\u0103ng chi tr\u1ea3 c\u1ed5 t\u1ee9c \u0111\u1ec1u \u0111\u1eb7n (5-8%\/n\u0103m), gi\u00fap b\u1ea3o v\u1ec7 gi\u00e1 tr\u1ecb danh m\u1ee5c \u0111\u1ea7u t\u01b0 trong th\u1eddi k\u1ef3 suy tho\u00e1i."},{"question":"Pocket Option cung c\u1ea5p nh\u1eefng c\u00f4ng c\u1ee5 c\u1ee5 th\u1ec3 n\u00e0o \u0111\u1ec3 ph\u00e2n t\u00edch v\u00e0 giao d\u1ecbch c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m Vi\u1ec7t Nam?","answer":"Pocket Option cung c\u1ea5p m\u1ed9t b\u1ed9 c\u00f4ng c\u1ee5 to\u00e0n di\u1ec7n cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m Vi\u1ec7t Nam, bao g\u1ed3m: bi\u1ec3u \u0111\u1ed3 k\u1ef9 thu\u1eadt \u0111a khung th\u1eddi gian v\u1edbi 38 ch\u1ec9 b\u00e1o k\u1ef9 thu\u1eadt (\u0111\u1eb7c bi\u1ec7t hi\u1ec7u qu\u1ea3 l\u00e0 RSI, MACD v\u00e0 Bollinger Bands), m\u00e1y qu\u00e9t th\u1ecb tr\u01b0\u1eddng t\u1ef1 \u0111\u1ed9ng ph\u00e1t hi\u1ec7n c\u00e1c m\u00f4 h\u00ecnh gi\u00e1, h\u1ec7 th\u1ed1ng c\u1ea3nh b\u00e1o th\u00f4ng minh v\u00e0 b\u00e1o c\u00e1o ph\u00e2n t\u00edch c\u01a1 b\u1ea3n v\u1ec1 23 c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m ni\u00eam y\u1ebft. Ngo\u00e0i ra, n\u1ec1n t\u1ea3ng c\u00f2n cung c\u1ea5p c\u00e1c c\u00f4ng c\u1ee5 DCA t\u1ef1 \u0111\u1ed9ng v\u00e0 t\u00ednh n\u0103ng sao ch\u00e9p giao d\u1ecbch t\u1eeb c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 th\u00e0nh c\u00f4ng trong l\u0129nh v\u1ef1c d\u01b0\u1ee3c ph\u1ea9m."},{"question":"Chi\u1ebfn l\u01b0\u1ee3c n\u00e0o ph\u00f9 h\u1ee3p nh\u1ea5t cho ng\u01b0\u1eddi m\u1edbi b\u1eaft \u0111\u1ea7u \u0111\u1ea7u t\u01b0 v\u00e0o c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m Vi\u1ec7t Nam?","answer":"C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 m\u1edbi n\u00ean \u00e1p d\u1ee5ng chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 gi\u00e1 tr\u1ecb k\u1ebft h\u1ee3p v\u1edbi ph\u01b0\u01a1ng ph\u00e1p DCA (Dollar-Cost Averaging). B\u1eaft \u0111\u1ea7u v\u1edbi 3-5 c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m l\u1edbn, uy t\u00edn nh\u01b0 DHG, IMP, TRA c\u00f3 l\u1ecbch s\u1eed kinh doanh \u1ed5n \u0111\u1ecbnh v\u00e0 c\u1ed5 t\u1ee9c th\u01b0\u1eddng xuy\u00ean tr\u00ean 5%\/n\u0103m. Ph\u00e2n b\u1ed5 v\u1ed1n \u0111\u1ec1u m\u1ed7i th\u00e1ng \u0111\u1ec3 gi\u1ea3m thi\u1ec3u r\u1ee7i ro bi\u1ebfn \u0111\u1ed9ng gi\u00e1. Tr\u01b0\u1edbc khi \u0111\u1ea7u t\u01b0 ti\u1ec1n th\u1eadt, h\u00e3y th\u1ef1c h\u00e0nh \u00edt nh\u1ea5t 3 th\u00e1ng v\u1edbi t\u00e0i kho\u1ea3n demo 10,000 USD tr\u00ean Pocket Option, t\u1eadp trung v\u00e0o vi\u1ec7c hi\u1ec3u r\u00f5 c\u00e1c \u0111\u1eb7c th\u00f9 c\u1ee7a ng\u00e0nh d\u01b0\u1ee3c ph\u1ea9m Vi\u1ec7t Nam v\u00e0 \u0111\u1ea7u t\u01b0 t\u1ed1i \u0111a 20% danh m\u1ee5c v\u00e0o l\u0129nh v\u1ef1c n\u00e0y."}],"faq_source":{"label":"FAQ","type":"repeater","formatted_value":[{"question":"M\u00e3 c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m n\u00e0o c\u00f3 ti\u1ec1m n\u0103ng t\u0103ng tr\u01b0\u1edfng t\u1ed1t nh\u1ea5t t\u1ea1i Vi\u1ec7t Nam v\u00e0o n\u0103m 2025?","answer":"C\u00e1c c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m h\u00e0ng \u0111\u1ea7u nh\u01b0 DHG, TRA v\u00e0 DMC \u0111ang cho th\u1ea5y ti\u1ec1m n\u0103ng t\u00edch c\u1ef1c nh\u1edd v\u00e0o n\u1ec1n t\u1ea3ng t\u00e0i ch\u00ednh v\u1eefng ch\u1eafc v\u00e0 chi\u1ebfn l\u01b0\u1ee3c ph\u00e1t tri\u1ec3n r\u00f5 r\u00e0ng. \u0110\u1eb7c bi\u1ec7t, TRA v\u1edbi t\u1ed1c \u0111\u1ed9 t\u0103ng tr\u01b0\u1edfng doanh thu 12,3% (2024) v\u00e0 m\u1ed9t nh\u00e0 m\u00e1y m\u1edbi \u0111\u1ea1t ti\u00eau chu\u1ea9n PIC\/S-GMP \u0111ang \u0111\u01b0\u1ee3c nhi\u1ec1u nh\u00e0 ph\u00e2n t\u00edch \u0111\u00e1nh gi\u00e1 cao. DMC v\u1edbi chi\u1ebfn l\u01b0\u1ee3c xu\u1ea5t kh\u1ea9u sang 14 th\u1ecb tr\u01b0\u1eddng c\u0169ng l\u00e0 m\u1ed9t l\u1ef1a ch\u1ecdn h\u1ea5p d\u1eabn cho \u0111\u1ea7u t\u01b0 d\u00e0i h\u1ea1n."},{"question":"L\u00e0m th\u1ebf n\u00e0o \u0111\u1ec3 \u0111\u00e1nh gi\u00e1 ch\u00ednh x\u00e1c gi\u00e1 tr\u1ecb c\u1ee7a m\u1ed9t c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m Vi\u1ec7t Nam?","answer":"\u0110\u00e1nh gi\u00e1 c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m Vi\u1ec7t Nam \u0111\u00f2i h\u1ecfi ph\u00e2n t\u00edch to\u00e0n di\u1ec7n c\u00e1c y\u1ebfu t\u1ed1: ch\u1ec9 s\u1ed1 t\u00e0i ch\u00ednh (ROE >15%, bi\u00ean l\u1ee3i nhu\u1eadn g\u1ed9p >40%), c\u01a1 c\u1ea5u doanh thu (t\u1ef7 l\u1ec7 OTC\/ETC), ti\u00eau chu\u1ea9n s\u1ea3n xu\u1ea5t \u0111\u1ea1t \u0111\u01b0\u1ee3c (WHO-GMP, EU-GMP, PIC\/S-GMP), m\u1ea1ng l\u01b0\u1edbi ph\u00e2n ph\u1ed1i, danh m\u1ee5c s\u1ea3n ph\u1ea9m v\u00e0 kh\u1ea3 n\u0103ng \u0111\u1ed5i m\u1edbi. \u0110\u1eb7c bi\u1ec7t ch\u00fa \u00fd \u0111\u1ebfn kh\u1ea3 n\u0103ng th\u00edch \u1ee9ng v\u1edbi Th\u00f4ng t\u01b0 29\/2023\/TT-BYT v\u1ec1 \u0111\u1ea5u th\u1ea7u thu\u1ed1c v\u00e0 chi\u1ebfn l\u01b0\u1ee3c \u1ee9ng ph\u00f3 v\u1edbi bi\u1ebfn \u0111\u1ed9ng gi\u00e1 nguy\u00ean li\u1ec7u API."},{"question":"T\u1ea1i sao \u0111\u1ea7u t\u01b0 v\u00e0o c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m \u0111\u01b0\u1ee3c coi l\u00e0 m\u1ed9t chi\u1ebfn l\u01b0\u1ee3c ph\u00f2ng th\u1ee7 hi\u1ec7u qu\u1ea3 trong nh\u1eefng giai \u0111o\u1ea1n bi\u1ebfn \u0111\u1ed9ng?","answer":"C\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m \u0111\u01b0\u1ee3c coi l\u00e0 ph\u00f2ng th\u1ee7 v\u00ec nhu c\u1ea7u v\u1ec1 thu\u1ed1c v\u00e0 d\u1ecbch v\u1ee5 ch\u0103m s\u00f3c s\u1ee9c kh\u1ecfe t\u01b0\u01a1ng \u0111\u1ed1i \u1ed5n \u0111\u1ecbnh trong m\u1ecdi \u0111i\u1ec1u ki\u1ec7n kinh t\u1ebf. D\u1eef li\u1ec7u t\u1eeb 2022-2023 cho th\u1ea5y khi VN-Index gi\u1ea3m 32,8%, ch\u1ec9 s\u1ed1 ng\u00e0nh d\u01b0\u1ee3c ph\u1ea9m ch\u1ec9 gi\u1ea3m 12,6%. C\u00e1c c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m th\u01b0\u1eddng c\u00f3 d\u00f2ng ti\u1ec1n \u1ed5n \u0111\u1ecbnh v\u1edbi bi\u00ean l\u1ee3i nhu\u1eadn r\u00f2ng trung b\u00ecnh t\u1eeb 12-15%, t\u1ef7 l\u1ec7 n\u1ee3 th\u1ea5p v\u00e0 kh\u1ea3 n\u0103ng chi tr\u1ea3 c\u1ed5 t\u1ee9c \u0111\u1ec1u \u0111\u1eb7n (5-8%\/n\u0103m), gi\u00fap b\u1ea3o v\u1ec7 gi\u00e1 tr\u1ecb danh m\u1ee5c \u0111\u1ea7u t\u01b0 trong th\u1eddi k\u1ef3 suy tho\u00e1i."},{"question":"Pocket Option cung c\u1ea5p nh\u1eefng c\u00f4ng c\u1ee5 c\u1ee5 th\u1ec3 n\u00e0o \u0111\u1ec3 ph\u00e2n t\u00edch v\u00e0 giao d\u1ecbch c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m Vi\u1ec7t Nam?","answer":"Pocket Option cung c\u1ea5p m\u1ed9t b\u1ed9 c\u00f4ng c\u1ee5 to\u00e0n di\u1ec7n cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m Vi\u1ec7t Nam, bao g\u1ed3m: bi\u1ec3u \u0111\u1ed3 k\u1ef9 thu\u1eadt \u0111a khung th\u1eddi gian v\u1edbi 38 ch\u1ec9 b\u00e1o k\u1ef9 thu\u1eadt (\u0111\u1eb7c bi\u1ec7t hi\u1ec7u qu\u1ea3 l\u00e0 RSI, MACD v\u00e0 Bollinger Bands), m\u00e1y qu\u00e9t th\u1ecb tr\u01b0\u1eddng t\u1ef1 \u0111\u1ed9ng ph\u00e1t hi\u1ec7n c\u00e1c m\u00f4 h\u00ecnh gi\u00e1, h\u1ec7 th\u1ed1ng c\u1ea3nh b\u00e1o th\u00f4ng minh v\u00e0 b\u00e1o c\u00e1o ph\u00e2n t\u00edch c\u01a1 b\u1ea3n v\u1ec1 23 c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m ni\u00eam y\u1ebft. Ngo\u00e0i ra, n\u1ec1n t\u1ea3ng c\u00f2n cung c\u1ea5p c\u00e1c c\u00f4ng c\u1ee5 DCA t\u1ef1 \u0111\u1ed9ng v\u00e0 t\u00ednh n\u0103ng sao ch\u00e9p giao d\u1ecbch t\u1eeb c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 th\u00e0nh c\u00f4ng trong l\u0129nh v\u1ef1c d\u01b0\u1ee3c ph\u1ea9m."},{"question":"Chi\u1ebfn l\u01b0\u1ee3c n\u00e0o ph\u00f9 h\u1ee3p nh\u1ea5t cho ng\u01b0\u1eddi m\u1edbi b\u1eaft \u0111\u1ea7u \u0111\u1ea7u t\u01b0 v\u00e0o c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m Vi\u1ec7t Nam?","answer":"C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 m\u1edbi n\u00ean \u00e1p d\u1ee5ng chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 gi\u00e1 tr\u1ecb k\u1ebft h\u1ee3p v\u1edbi ph\u01b0\u01a1ng ph\u00e1p DCA (Dollar-Cost Averaging). B\u1eaft \u0111\u1ea7u v\u1edbi 3-5 c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m l\u1edbn, uy t\u00edn nh\u01b0 DHG, IMP, TRA c\u00f3 l\u1ecbch s\u1eed kinh doanh \u1ed5n \u0111\u1ecbnh v\u00e0 c\u1ed5 t\u1ee9c th\u01b0\u1eddng xuy\u00ean tr\u00ean 5%\/n\u0103m. Ph\u00e2n b\u1ed5 v\u1ed1n \u0111\u1ec1u m\u1ed7i th\u00e1ng \u0111\u1ec3 gi\u1ea3m thi\u1ec3u r\u1ee7i ro bi\u1ebfn \u0111\u1ed9ng gi\u00e1. Tr\u01b0\u1edbc khi \u0111\u1ea7u t\u01b0 ti\u1ec1n th\u1eadt, h\u00e3y th\u1ef1c h\u00e0nh \u00edt nh\u1ea5t 3 th\u00e1ng v\u1edbi t\u00e0i kho\u1ea3n demo 10,000 USD tr\u00ean Pocket Option, t\u1eadp trung v\u00e0o vi\u1ec7c hi\u1ec3u r\u00f5 c\u00e1c \u0111\u1eb7c th\u00f9 c\u1ee7a ng\u00e0nh d\u01b0\u1ee3c ph\u1ea9m Vi\u1ec7t Nam v\u00e0 \u0111\u1ea7u t\u01b0 t\u1ed1i \u0111a 20% danh m\u1ee5c v\u00e0o l\u0129nh v\u1ef1c n\u00e0y."}]}},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.8 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>C\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m: Chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 hi\u1ec7u qu\u1ea3 cho nh\u00e0 \u0111\u1ea7u t\u01b0 Vi\u1ec7t Nam v\u00e0o n\u0103m 2025<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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