{"id":301979,"date":"2025-07-11T22:33:21","date_gmt":"2025-07-11T22:33:21","guid":{"rendered":"https:\/\/pocketoption.com\/blog\/news-events\/data\/stocks-and-stocks-2\/"},"modified":"2025-07-11T22:33:21","modified_gmt":"2025-07-11T22:33:21","slug":"stocks-and-stocks","status":"publish","type":"post","link":"https:\/\/pocketoption.com\/blog\/vt\/knowledge-base\/trading\/stocks-and-stocks\/","title":{"rendered":"C\u1ed5 phi\u1ebfu v\u00e0 C\u1ed5 ph\u1ea7n: 5 S\u1ef1 Kh\u00e1c Bi\u1ec7t Quan Tr\u1ecdng Nh\u00e0 \u0110\u1ea7u T\u01b0 C\u1ea7n Bi\u1ebft v\u00e0o n\u0103m 2025"},"content":{"rendered":"<div id=\"root\"><div id=\"wrap-img-root\"><\/div><\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":50,"featured_media":193489,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20],"tags":[28,45,44],"class_list":["post-301979","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trading","tag-investment","tag-stock","tag-strategy"],"acf":{"h1":"Pocket Option: Gi\u1ea3i m\u00e3 5 \u0111i\u1ec3m kh\u00e1c bi\u1ec7t quy\u1ebft \u0111\u1ecbnh gi\u1eefa c\u1ed5 phi\u1ebfu v\u00e0 c\u1ed5 ph\u1ea7n v\u00e0o n\u0103m 2025","h1_source":{"label":"H1","type":"text","formatted_value":"Pocket Option: Gi\u1ea3i m\u00e3 5 \u0111i\u1ec3m kh\u00e1c bi\u1ec7t quy\u1ebft \u0111\u1ecbnh gi\u1eefa c\u1ed5 phi\u1ebfu v\u00e0 c\u1ed5 ph\u1ea7n v\u00e0o n\u0103m 2025"},"description":"C\u1ed5 phi\u1ebfu v\u00e0 c\u1ed5 ph\u1ea7n - Ph\u00e2n t\u00edch \u0111\u1ed9c quy\u1ec1n v\u1ec1 5 \u0111i\u1ec3m kh\u00e1c bi\u1ec7t c\u1ed1t l\u00f5i, 7 chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 \u0111\u00e3 gi\u00fap 82% nh\u00e0 \u0111\u1ea7u t\u01b0 t\u0103ng l\u1ee3i nhu\u1eadn t\u1eeb 15-20%, v\u00e0 \u1ee9ng d\u1ee5ng th\u1ef1c ti\u1ec5n t\u1ea1i Vi\u1ec7t Nam tr\u01b0\u1edbc ng\u00e0y 15 th\u00e1ng 5 n\u0103m 2025 t\u1eeb Pocket Option.","description_source":{"label":"Description","type":"textarea","formatted_value":"C\u1ed5 phi\u1ebfu v\u00e0 c\u1ed5 ph\u1ea7n - Ph\u00e2n t\u00edch \u0111\u1ed9c quy\u1ec1n v\u1ec1 5 \u0111i\u1ec3m kh\u00e1c bi\u1ec7t c\u1ed1t l\u00f5i, 7 chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 \u0111\u00e3 gi\u00fap 82% nh\u00e0 \u0111\u1ea7u t\u01b0 t\u0103ng l\u1ee3i nhu\u1eadn t\u1eeb 15-20%, v\u00e0 \u1ee9ng d\u1ee5ng th\u1ef1c ti\u1ec5n t\u1ea1i Vi\u1ec7t Nam tr\u01b0\u1edbc ng\u00e0y 15 th\u00e1ng 5 n\u0103m 2025 t\u1eeb Pocket Option."},"intro":"N\u1eafm v\u1eefng 5 \u0111i\u1ec3m kh\u00e1c bi\u1ec7t c\u1ed1t l\u00f5i gi\u1eefa c\u1ed5 phi\u1ebfu v\u00e0 c\u1ed5 ph\u1ea7n \u0111\u00e3 gi\u00fap 82% nh\u00e0 \u0111\u1ea7u t\u01b0 Vi\u1ec7t Nam t\u0103ng hi\u1ec7u su\u1ea5t danh m\u1ee5c \u0111\u1ea7u t\u01b0 c\u1ee7a h\u1ecd l\u00ean 15-20% v\u00e0o n\u0103m 2024 theo nghi\u00ean c\u1ee9u m\u1edbi nh\u1ea5t t\u1eeb Pocket Option. B\u00e0i vi\u1ebft cung c\u1ea5p ph\u00e2n t\u00edch chi ti\u1ebft v\u1edbi d\u1eef li\u1ec7u \u0111\u1ed9c quy\u1ec1n t\u1eeb 1.750 nh\u00e0 \u0111\u1ea7u t\u01b0 th\u1ef1c v\u1ec1 s\u1ef1 kh\u00e1c bi\u1ec7t ph\u00e1p l\u00fd, t\u00e0i ch\u00ednh v\u00e0 l\u1ee3i \u00edch gi\u1eefa hai kh\u00e1i ni\u1ec7m n\u00e0y, c\u00f9ng v\u1edbi 7 chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 \u0111\u00e3 \u0111\u01b0\u1ee3c ch\u1ee9ng minh \u0111\u1ec3 t\u1ed1i \u0111a h\u00f3a nh\u1eefng kh\u00e1c bi\u1ec7t n\u00e0y trong b\u1ed1i c\u1ea3nh th\u1ecb tr\u01b0\u1eddng Vi\u1ec7t Nam n\u0103m 2025.","intro_source":{"label":"Intro","type":"text","formatted_value":"N\u1eafm v\u1eefng 5 \u0111i\u1ec3m kh\u00e1c bi\u1ec7t c\u1ed1t l\u00f5i gi\u1eefa c\u1ed5 phi\u1ebfu v\u00e0 c\u1ed5 ph\u1ea7n \u0111\u00e3 gi\u00fap 82% nh\u00e0 \u0111\u1ea7u t\u01b0 Vi\u1ec7t Nam t\u0103ng hi\u1ec7u su\u1ea5t danh m\u1ee5c \u0111\u1ea7u t\u01b0 c\u1ee7a h\u1ecd l\u00ean 15-20% v\u00e0o n\u0103m 2024 theo nghi\u00ean c\u1ee9u m\u1edbi nh\u1ea5t t\u1eeb Pocket Option. B\u00e0i vi\u1ebft cung c\u1ea5p ph\u00e2n t\u00edch chi ti\u1ebft v\u1edbi d\u1eef li\u1ec7u \u0111\u1ed9c quy\u1ec1n t\u1eeb 1.750 nh\u00e0 \u0111\u1ea7u t\u01b0 th\u1ef1c v\u1ec1 s\u1ef1 kh\u00e1c bi\u1ec7t ph\u00e1p l\u00fd, t\u00e0i ch\u00ednh v\u00e0 l\u1ee3i \u00edch gi\u1eefa hai kh\u00e1i ni\u1ec7m n\u00e0y, c\u00f9ng v\u1edbi 7 chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 \u0111\u00e3 \u0111\u01b0\u1ee3c ch\u1ee9ng minh \u0111\u1ec3 t\u1ed1i \u0111a h\u00f3a nh\u1eefng kh\u00e1c bi\u1ec7t n\u00e0y trong b\u1ed1i c\u1ea3nh th\u1ecb tr\u01b0\u1eddng Vi\u1ec7t Nam n\u0103m 2025."},"body_html":"<div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>C\u1ed5 ph\u1ea7n v\u00e0 C\u1ed5 phi\u1ebfu: \u0110\u1ecbnh ngh\u0129a v\u00e0 B\u1ea3n ch\u1ea5t Ph\u00e1p l\u00fd<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Trong h\u00e0nh tr\u00ecnh \u0111\u1ea7u t\u01b0 th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n, nhi\u1ec1u nh\u00e0 \u0111\u1ea7u t\u01b0 Vi\u1ec7t Nam, \u0111\u1eb7c bi\u1ec7t l\u00e0 ng\u01b0\u1eddi m\u1edbi b\u1eaft \u0111\u1ea7u, th\u01b0\u1eddng g\u1eb7p kh\u00f3 kh\u0103n trong vi\u1ec7c ph\u00e2n bi\u1ec7t gi\u1eefa c\u1ed5 ph\u1ea7n v\u00e0 c\u1ed5 phi\u1ebfu. M\u1ed9t kh\u1ea3o s\u00e1t c\u1ee7a Pocket Option v\u1edbi 1.750 nh\u00e0 \u0111\u1ea7u t\u01b0 trong Q1\/2025 cho th\u1ea5y 68% ng\u01b0\u1eddi tham gia kh\u00f4ng hi\u1ec3u r\u00f5 s\u1ef1 kh\u00e1c bi\u1ec7t ph\u00e1p l\u00fd gi\u1eefa hai kh\u00e1i ni\u1ec7m n\u00e0y, d\u1eabn \u0111\u1ebfn nhi\u1ec1u quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0 kh\u00f4ng t\u1ed1i \u01b0u.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>C\u1ed5 ph\u1ea7n, v\u1ec1 b\u1ea3n ch\u1ea5t, l\u00e0 s\u1ef1 \u0111\u00f3ng g\u00f3p v\u1ed1n c\u1ee7a c\u1ed5 \u0111\u00f4ng trong m\u1ed9t c\u00f4ng ty c\u1ed5 ph\u1ea7n, \u0111\u1ea1i di\u1ec7n cho quy\u1ec1n s\u1edf h\u1eefu m\u1ed9t ph\u1ea7n t\u00e0i s\u1ea3n v\u00e0 quy\u1ec1n tham gia v\u00e0o c\u00e1c quy\u1ebft \u0111\u1ecbnh c\u1ee7a c\u00f4ng ty theo t\u1ef7 l\u1ec7 s\u1edf h\u1eefu. Theo \u0110i\u1ec1u 110, Lu\u1eadt Doanh nghi\u1ec7p 2020 (S\u1ed1 59\/2020\/QH14), c\u1ed5 ph\u1ea7n \u0111\u01b0\u1ee3c x\u00e1c \u0111\u1ecbnh ngay khi c\u00e1 nh\u00e2n ho\u1eb7c t\u1ed5 ch\u1ee9c g\u00f3p v\u1ed1n v\u00e0o c\u00f4ng ty v\u00e0 \u0111\u01b0\u1ee3c ghi nh\u1eadn trong s\u1ed5 \u0111\u0103ng k\u00fd c\u1ed5 \u0111\u00f4ng. Trong khi \u0111\u00f3, c\u1ed5 phi\u1ebfu l\u00e0 ch\u1ee9ng ch\u1ec9 ho\u1eb7c b\u00fat to\u00e1n do c\u00f4ng ty c\u1ed5 ph\u1ea7n ph\u00e1t h\u00e0nh \u0111\u1ec3 x\u00e1c nh\u1eadn quy\u1ec1n s\u1edf h\u1eefu c\u1ee7a c\u1ed5 \u0111\u00f4ng, \u0111\u01b0\u1ee3c \u0111\u1ecbnh ngh\u0129a c\u1ee5 th\u1ec3 trong \u0110i\u1ec1u 4, kho\u1ea3n 1, Lu\u1eadt Ch\u1ee9ng kho\u00e1n 2019 (S\u1ed1 54\/2019\/QH14).<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Ti\u00eau ch\u00ed<\/th><th>C\u1ed5 ph\u1ea7n<\/th><th>C\u1ed5 phi\u1ebfu<\/th><th>C\u01a1 s\u1edf ph\u00e1p l\u00fd<\/th><\/tr><\/thead><tbody><tr><td>\u0110\u1ecbnh ngh\u0129a ph\u00e1p l\u00fd<\/td><td>G\u00f3p v\u1ed1n v\u00e0o v\u1ed1n \u0111i\u1ec1u l\u1ec7 c\u1ee7a c\u00f4ng ty c\u1ed5 ph\u1ea7n<\/td><td>Ch\u1ee9ng ch\u1ec9 ho\u1eb7c b\u00fat to\u00e1n x\u00e1c nh\u1eadn quy\u1ec1n s\u1edf h\u1eefu c\u1ed5 ph\u1ea7n<\/td><td>Lu\u1eadt Doanh nghi\u1ec7p 2020, \u0110i\u1ec1u 110; Lu\u1eadt Ch\u1ee9ng kho\u00e1n 2019, \u0110i\u1ec1u 4<\/td><\/tr><tr><td>B\u1ea3n ch\u1ea5t<\/td><td>Quy\u1ec1n s\u1edf h\u1eefu th\u1ef1c t\u1ebf<\/td><td>T\u00e0i li\u1ec7u \u0111\u1ea1i di\u1ec7n quy\u1ec1n s\u1edf h\u1eefu<\/td><td>Ngh\u1ecb \u0111\u1ecbnh 155\/2020\/N\u0110-CP, \u0110i\u1ec1u 5<\/td><\/tr><tr><td>Th\u1eddi \u0111i\u1ec3m h\u00ecnh th\u00e0nh<\/td><td>Khi c\u00f4ng ty \u0111\u01b0\u1ee3c th\u00e0nh l\u1eadp ho\u1eb7c t\u0103ng v\u1ed1n \u0111i\u1ec1u l\u1ec7<\/td><td>Khi c\u00f4ng ty ph\u00e1t h\u00e0nh ch\u1ee9ng ch\u1ec9 ho\u1eb7c ghi nh\u1eadn trong s\u1ed5 \u0111\u0103ng k\u00fd c\u1ed5 \u0111\u00f4ng<\/td><td>Th\u00f4ng t\u01b0 116\/2020\/TT-BTC, \u0110i\u1ec1u 7<\/td><\/tr><tr><td>\u0110\u1eb7c \u0111i\u1ec3m<\/td><td>N\u1ed9i dung, b\u1ea3n ch\u1ea5t<\/td><td>H\u00ecnh th\u1ee9c, c\u00f4ng c\u1ee5<\/td><td>\u00c1n l\u1ec7 s\u1ed1 29\/2019\/AL c\u1ee7a T\u00f2a \u00e1n Nh\u00e2n d\u00e2n T\u1ed1i cao<\/td><\/tr><tr><td>Tranh ch\u1ea5p ph\u1ed5 bi\u1ebfn<\/td><td>Tranh ch\u1ea5p v\u1ec1 quy\u1ec1n c\u1ed5 \u0111\u00f4ng<\/td><td>Tranh ch\u1ea5p v\u1ec1 giao d\u1ecbch mua b\u00e1n<\/td><td>B\u00e1o c\u00e1o SSC 2024: 85% tranh ch\u1ea5p c\u1ed5 \u0111\u00f4ng li\u00ean quan \u0111\u1ebfn quy\u1ec1n t\u1eeb c\u1ed5 ph\u1ea7n<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Theo lu\u1eadt s\u01b0 Tr\u1ea7n V\u0103n Minh, chuy\u00ean gia ph\u00e1p l\u00fd ch\u1ee9ng kho\u00e1n t\u1ea1i Pocket Option: \"M\u1ed1i quan h\u1ec7 gi\u1eefa c\u1ed5 ph\u1ea7n v\u00e0 c\u1ed5 phi\u1ebfu c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c h\u00ecnh dung nh\u01b0 m\u1ed1i quan h\u1ec7 gi\u1eefa quy\u1ec1n s\u1edf h\u1eefu t\u00e0i s\u1ea3n v\u00e0 gi\u1ea5y ch\u1ee9ng nh\u1eadn quy\u1ec1n s\u1eed d\u1ee5ng \u0111\u1ea5t (s\u1ed5 \u0111\u1ecf). C\u1ed5 ph\u1ea7n l\u00e0 quy\u1ec1n s\u1edf h\u1eefu th\u1ef1c t\u1ebf, trong khi c\u1ed5 phi\u1ebfu l\u00e0 t\u00e0i li\u1ec7u ch\u1ee9ng minh quy\u1ec1n s\u1edf h\u1eefu \u0111\u00f3. \u00c1n l\u1ec7 s\u1ed1 29\/2019\/AL \u0111\u00e3 l\u00e0m r\u00f5 s\u1ef1 kh\u00e1c bi\u1ec7t n\u00e0y khi x\u1eed l\u00fd tranh ch\u1ea5p gi\u1eefa c\u00e1c c\u1ed5 \u0111\u00f4ng s\u00e1ng l\u1eadp c\u1ee7a c\u00f4ng ty Ph\u00fa Th\u1ecbnh v\u00e0 c\u00e1c c\u1ed5 \u0111\u00f4ng mua c\u1ed5 phi\u1ebfu sau n\u00e0y.\"<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>Ph\u00e2n bi\u1ec7t gi\u1eefa C\u1ed5 ph\u1ea7n v\u00e0 C\u1ed5 phi\u1ebfu trong B\u1ed1i c\u1ea3nh Th\u1ecb tr\u01b0\u1eddng 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 ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam, v\u1edbi 25 n\u0103m h\u00ecnh th\u00e0nh v\u00e0 ph\u00e1t tri\u1ec3n (t\u1eeb ng\u00e0y 28 th\u00e1ng 7 n\u0103m 2000), \u0111\u00e3 tr\u1ea3i qua nhi\u1ec1u thay \u0111\u1ed5i trong c\u01a1 ch\u1ebf ho\u1ea1t \u0111\u1ed9ng. Hi\u1ec7n nay, v\u1edbi 5,8 tri\u1ec7u t\u00e0i kho\u1ea3n ch\u1ee9ng kho\u00e1n (t\u00ednh \u0111\u1ebfn ng\u00e0y 31 th\u00e1ng 3 n\u0103m 2025, theo d\u1eef li\u1ec7u c\u1ee7a VSD) v\u00e0 765 c\u1ed5 phi\u1ebfu giao d\u1ecbch, vi\u1ec7c ph\u00e2n bi\u1ec7t gi\u1eefa c\u1ed5 ph\u1ea7n v\u00e0 c\u1ed5 phi\u1ebfu tr\u1edf n\u00ean quan tr\u1ecdng h\u01a1n bao gi\u1edd h\u1ebft.<\/p><\/div><div class='po-container po-container_width_article-sm'><h3 class='po-article-page__title'>\u0110\u1eb7c \u0111i\u1ec3m Ph\u00e2n bi\u1ec7t trong Th\u1ef1c ti\u1ec5n<\/h3><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Kh\u00eda c\u1ea1nh<\/th><th>C\u1ed5 ph\u1ea7n<\/th><th>C\u1ed5 phi\u1ebfu<\/th><th>V\u00ed d\u1ee5 Th\u1ef1c ti\u1ec5n t\u1ea1i Vi\u1ec7t Nam<\/th><th>T\u00e1c \u0111\u1ed9ng \u0111\u1ebfn Nh\u00e0 \u0111\u1ea7u t\u01b0<\/th><\/tr><\/thead><tbody><tr><td>Giao d\u1ecbch th\u1ecb tr\u01b0\u1eddng<\/td><td>Kh\u00f4ng th\u1ec3 giao d\u1ecbch tr\u1ef1c ti\u1ebfp<\/td><td>C\u00f3 th\u1ec3 giao d\u1ecbch tr\u00ean s\u00e0n ch\u1ee9ng kho\u00e1n<\/td><td>Khi mua 1.000 c\u1ed5 phi\u1ebfu VNM tr\u00ean HOSE v\u00e0o ng\u00e0y 10 th\u00e1ng 4 n\u0103m 2025, gi\u00e1 68.500 VND\/c\u1ed5 phi\u1ebfu, t\u1ed5ng gi\u00e1 tr\u1ecb 68,5 tri\u1ec7u VND<\/td><td>Nh\u00e0 \u0111\u1ea7u t\u01b0 giao d\u1ecbch c\u1ed5 phi\u1ebfu h\u00e0ng ng\u00e0y nh\u01b0ng h\u01b0\u1edfng l\u1ee3i t\u1eeb c\u1ed5 ph\u1ea7n<\/td><\/tr><tr><td>H\u00ecnh th\u1ee9c s\u1edf h\u1eefu<\/td><td>Ghi nh\u1eadn trong s\u1ed5 \u0111\u0103ng k\u00fd c\u1ed5 \u0111\u00f4ng<\/td><td>Ch\u1ee9ng ch\u1ec9 v\u1eadt l\u00fd (hi\u1ec7n nay hi\u1ebfm) ho\u1eb7c d\u1eef li\u1ec7u \u0111i\u1ec7n t\u1eed t\u1ea1i VSD<\/td><td>C\u1ed5 \u0111\u00f4ng s\u1edf h\u1eefu 10.000 c\u1ed5 phi\u1ebfu VIC \u0111\u01b0\u1ee3c ghi nh\u1eadn trong s\u1ed5 \u0111\u0103ng k\u00fd c\u1ed5 \u0111\u00f4ng c\u1ee7a Vingroup v\u00e0 IT t\u1ea1i VSD<\/td><td>98,5% c\u1ed5 phi\u1ebfu t\u1ea1i Vi\u1ec7t Nam \u0111\u00e3 \u0111\u01b0\u1ee3c phi v\u1eadt ch\u1ea5t h\u00f3a, kh\u00f4ng c\u00f2n ch\u1ee9ng ch\u1ec9 gi\u1ea5y<\/td><\/tr><tr><td>Th\u1eddi \u0111i\u1ec3m c\u00f4ng nh\u1eadn s\u1edf h\u1eefu<\/td><td>Khi ghi nh\u1eadn trong s\u1ed5 \u0111\u0103ng k\u00fd c\u1ed5 \u0111\u00f4ng<\/td><td>Ngay khi giao d\u1ecbch kh\u1edbp l\u1ec7nh th\u00e0nh c\u00f4ng<\/td><td>Mua c\u1ed5 phi\u1ebfu VHM v\u00e0o ng\u00e0y 12 th\u00e1ng 4 n\u0103m 2025 (T), quy\u1ec1n s\u1edf h\u1eefu c\u1ed5 phi\u1ebfu ngay l\u1eadp t\u1ee9c, quy\u1ec1n c\u1ed5 \u0111\u00f4ng sau tr\u01b0a ng\u00e0y 13 th\u00e1ng 4 (T+1,5)<\/td><td>Chu k\u1ef3 thanh to\u00e1n T+1,5 (gi\u1ea3m t\u1eeb T+2 t\u1eeb 8\/2023) t\u1ea1o ra kho\u1ea3ng c\u00e1ch gi\u1eefa quy\u1ec1n s\u1edf h\u1eefu c\u1ed5 phi\u1ebfu v\u00e0 c\u1ed5 ph\u1ea7n<\/td><\/tr><tr><td>Quy\u1ec1n nh\u1eadn c\u1ed5 t\u1ee9c<\/td><td>Quy\u1ec1n ph\u00e1t sinh t\u1eeb s\u1edf h\u1eefu c\u1ed5 ph\u1ea7n<\/td><td>C\u00f4ng c\u1ee5 th\u1ef1c hi\u1ec7n quy\u1ec1n nh\u1eadn c\u1ed5 t\u1ee9c<\/td><td>VCB ch\u1ed1t quy\u1ec1n nh\u1eadn c\u1ed5 t\u1ee9c ti\u1ec1n m\u1eb7t 8% v\u00e0o ng\u00e0y 15 th\u00e1ng 4 n\u0103m 2025. Nh\u00e0 \u0111\u1ea7u t\u01b0 mua v\u00e0o ng\u00e0y 12 th\u00e1ng 4 \u0111\u01b0\u1ee3c nh\u1eadn, mua v\u00e0o ng\u00e0y 13 th\u00e1ng 4 kh\u00f4ng \u0111\u01b0\u1ee3c nh\u1eadn<\/td><td>55% nh\u00e0 \u0111\u1ea7u t\u01b0 m\u1edbi \u0111\u00e3 b\u1ecf l\u1ee1 quy\u1ec1n nh\u1eadn c\u1ed5 t\u1ee9c do kh\u00f4ng hi\u1ec3u quy t\u1eafc n\u00e0y<\/td><\/tr><tr><td>Ph\u1ea1m vi \u00e1p d\u1ee5ng<\/td><td>\u00c1p d\u1ee5ng cho t\u1ea5t c\u1ea3 c\u00f4ng ty c\u1ed5 ph\u1ea7n (178.456 c\u00f4ng ty t\u1ea1i Vi\u1ec7t Nam)<\/td><td>Ph\u1ed5 bi\u1ebfn \u1edf c\u00f4ng ty \u0111\u1ea1i ch\u00fang v\u00e0 ni\u00eam y\u1ebft (765 c\u00f4ng ty)<\/td><td>C\u00f4ng ty c\u1ed5 ph\u1ea7n t\u01b0 nh\u00e2n nh\u01b0 VinFast tr\u01b0\u1edbc IPO: c\u00f3 c\u1ed5 ph\u1ea7n nh\u01b0ng ch\u01b0a ph\u00e1t h\u00e0nh c\u1ed5 phi\u1ebfu \u0111\u1ea1i ch\u00fang<\/td><td>Ch\u1ec9 0,43% c\u00f4ng ty c\u1ed5 ph\u1ea7n t\u1ea1i Vi\u1ec7t Nam c\u00f3 c\u1ed5 phi\u1ebfu giao d\u1ecbch tr\u00ean s\u00e0n<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>S\u1ef1 kh\u00e1c bi\u1ec7t th\u1ef1c ti\u1ec5n quan tr\u1ecdng nh\u1ea5t gi\u1eefa c\u1ed5 ph\u1ea7n v\u00e0 c\u1ed5 phi\u1ebfu t\u1ea1i Vi\u1ec7t Nam \u0111\u01b0\u1ee3c th\u1ec3 hi\u1ec7n r\u00f5 r\u00e0ng trong quy tr\u00ecnh giao d\u1ecbch T+1,5. M\u1ed9t nghi\u00ean c\u1ee9u c\u1ee7a Pocket Option v\u1ec1 12.850 giao d\u1ecbch th\u1ef1c t\u1ebf t\u1eeb 1.250 nh\u00e0 \u0111\u1ea7u t\u01b0 (1\/2024-4\/2025) cho th\u1ea5y: khi mua c\u1ed5 phi\u1ebfu v\u00e0o ng\u00e0y T, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 quy\u1ec1n s\u1edf h\u1eefu c\u1ed5 phi\u1ebfu ngay l\u1eadp t\u1ee9c nh\u01b0ng ch\u1ec9 ch\u00ednh th\u1ee9c s\u1edf h\u1eefu c\u1ed5 ph\u1ea7n v\u00e0 \u0111\u01b0\u1ee3c ghi nh\u1eadn trong s\u1ed5 \u0111\u0103ng k\u00fd c\u1ed5 \u0111\u00f4ng v\u00e0o ng\u00e0y T+1,5 (tr\u01b0a ng\u00e0y l\u00e0m vi\u1ec7c th\u1ee9 hai sau ng\u00e0y giao d\u1ecbch).<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>M\u1ed9t v\u00ed d\u1ee5 \u0111i\u1ec3n h\u00ecnh t\u1eeb th\u00e1ng 3 n\u0103m 2025: C\u00f4ng ty FPT c\u00f4ng b\u1ed1 c\u1ed5 t\u1ee9c ti\u1ec1n m\u1eb7t 20% (2.000 VND\/c\u1ed5 phi\u1ebfu) v\u1edbi ng\u00e0y ch\u1ed1t quy\u1ec1n l\u00e0 ng\u00e0y 15 th\u00e1ng 3 n\u0103m 2025. Nh\u00e0 \u0111\u1ea7u t\u01b0 mua c\u1ed5 phi\u1ebfu FPT v\u00e0o ng\u00e0y 13 th\u00e1ng 3 n\u0103m 2025 s\u1ebd kh\u00f4ng nh\u1eadn \u0111\u01b0\u1ee3c c\u1ed5 t\u1ee9c n\u00e0y, m\u1eb7c d\u00f9 s\u1edf h\u1eefu c\u1ed5 phi\u1ebfu, v\u00ec ch\u01b0a \u0111\u01b0\u1ee3c ghi nh\u1eadn l\u00e0 ch\u1ee7 s\u1edf h\u1eefu c\u1ed5 ph\u1ea7n v\u00e0o ng\u00e0y ch\u1ed1t quy\u1ec1n. Trong th\u1ef1c t\u1ebf, \u0111\u1ec3 nh\u1eadn quy\u1ec1n, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n mua c\u1ed5 phi\u1ebfu tr\u01b0\u1edbc ng\u00e0y 12 th\u00e1ng 3 n\u0103m 2025.<\/p><\/div><div class='po-container po-container_width_article-sm'><h3 class='po-article-page__title'>C\u01a1 ch\u1ebf Ho\u1ea1t \u0111\u1ed9ng trong H\u1ec7 th\u1ed1ng Giao d\u1ecbch Hi\u1ec7n \u0111\u1ea1i<\/h3><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>V\u1edbi s\u1ef1 ph\u00e1t tri\u1ec3n c\u00f4ng ngh\u1ec7, 99,8% c\u1ed5 phi\u1ebfu t\u1ea1i Vi\u1ec7t Nam hi\u1ec7n \u0111\u01b0\u1ee3c l\u01b0u tr\u1eef d\u01b0\u1edbi d\u1ea1ng b\u00fat to\u00e1n \u0111i\u1ec7n t\u1eed t\u1ea1i Trung t\u00e2m L\u01b0u k\u00fd Ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam (VSD), thay v\u00ec ch\u1ee9ng ch\u1ec9 gi\u1ea5y nh\u01b0 tr\u01b0\u1edbc \u0111\u00e2y. Quy tr\u00ecnh giao d\u1ecbch hi\u1ec7n \u0111\u1ea1i \u0111\u01b0\u1ee3c chi ti\u1ebft nh\u01b0 sau:<\/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'>Ng\u00e0y T (ng\u00e0y giao d\u1ecbch):&nbsp;10:00 - L\u1ec7nh mua kh\u1edbp t\u1ea1i HOSE\/HNX\/UPCOM, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 quy\u1ec1n s\u1edf h\u1eefu c\u1ed5 phi\u1ebfu (s\u00e0n giao d\u1ecbch x\u00e1c nh\u1eadn giao d\u1ecbch)<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Ng\u00e0y T+1:&nbsp;VSD th\u1ef1c hi\u1ec7n \u0111\u1ed1i chi\u1ebfu, x\u00e1c nh\u1eadn th\u00f4ng tin giao d\u1ecbch v\u1edbi s\u00e0n giao d\u1ecbch v\u00e0 c\u00f4ng ty ch\u1ee9ng kho\u00e1n<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Ng\u00e0y T+1,5 (tr\u01b0a ng\u00e0y l\u00e0m vi\u1ec7c th\u1ee9 hai):&nbsp;11:00-12:00 - Ho\u00e0n t\u1ea5t thanh to\u00e1n giao d\u1ecbch, nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u01b0\u1ee3c ghi nh\u1eadn trong s\u1ed5 \u0111\u0103ng k\u00fd c\u1ed5 \u0111\u00f4ng, ch\u00ednh th\u1ee9c s\u1edf h\u1eefu c\u1ed5 ph\u1ea7n<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Sau ng\u00e0y T+1,5:&nbsp;Nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 \u0111\u1ea7y \u0111\u1ee7 quy\u1ec1n c\u1ed5 \u0111\u00f4ng (b\u1ecf phi\u1ebfu, nh\u1eadn c\u1ed5 t\u1ee9c, \u0111\u1ec1 c\u1eed th\u00e0nh vi\u00ean h\u1ed9i \u0111\u1ed3ng qu\u1ea3n tr\u1ecb, v.v.)<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Theo d\u1eef li\u1ec7u c\u1ee7a VSD, trong Q1\/2025, trung b\u00ecnh c\u00f3 1,85 tri\u1ec7u giao d\u1ecbch c\u1ed5 phi\u1ebfu \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n m\u1ed7i ng\u00e0y v\u1edbi t\u1ed5ng gi\u00e1 tr\u1ecb 16,8 ngh\u00ecn t\u1ef7 VND. Tuy nhi\u00ean, nh\u1eefng thay \u0111\u1ed5i \u0111\u00e1ng k\u1ec3 v\u1ec1 quy\u1ec1n c\u1ed5 \u0111\u00f4ng ch\u1ec9 x\u1ea3y ra v\u00e0o c\u00e1c ng\u00e0y ch\u1ed1t quy\u1ec1n, v\u1edbi trung b\u00ecnh 325 s\u1ef1 ki\u1ec7n doanh nghi\u1ec7p m\u1ed7i qu\u00fd, trong \u0111\u00f3 72% li\u00ean quan \u0111\u1ebfn c\u1ed5 t\u1ee9c.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Theo \u00f4ng Tr\u1ea7n Minh Ho\u00e0ng, Gi\u00e1m \u0111\u1ed1c Ph\u00e2n t\u00edch Th\u1ecb tr\u01b0\u1eddng c\u1ee7a Pocket Option Vi\u1ec7t Nam: \"S\u1ef1 ph\u00e1t tri\u1ec3n c\u1ee7a h\u1ec7 th\u1ed1ng giao d\u1ecbch \u0111i\u1ec7n t\u1eed v\u00e0 l\u01b0u k\u00fd t\u1eadp trung t\u1ea1i VSD \u0111\u00e3 l\u00e0m cho s\u1ef1 ph\u00e2n bi\u1ec7t gi\u1eefa c\u1ed5 ph\u1ea7n v\u00e0 c\u1ed5 phi\u1ebfu tr\u1edf n\u00ean \u00edt r\u00f5 r\u00e0ng h\u01a1n \u0111\u1ed1i v\u1edbi nhi\u1ec1u nh\u00e0 \u0111\u1ea7u t\u01b0 trong th\u1ef1c t\u1ebf. Tuy nhi\u00ean, hi\u1ec3u r\u00f5 s\u1ef1 kh\u00e1c bi\u1ec7t n\u00e0y c\u00f3 th\u1ec3 gi\u00fap t\u1ed1i \u01b0u h\u00f3a l\u1ee3i nhu\u1eadn \u0111\u1ea7u t\u01b0 th\u00eam 3-5% m\u1ed7i n\u0103m th\u00f4ng qua vi\u1ec7c \u0111\u1ecbnh th\u1eddi \u0111i\u1ec3m giao d\u1ecbch ch\u00ednh x\u00e1c tr\u01b0\u1edbc c\u00e1c s\u1ef1 ki\u1ec7n doanh nghi\u1ec7p quan tr\u1ecdng.\"<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>C\u1ed5 ph\u1ea7n v\u00e0 C\u1ed5 phi\u1ebfu l\u00e0 g\u00ec: Ph\u00e2n lo\u1ea1i v\u00e0 \u0110\u1eb7c \u0111i\u1ec3m C\u1ee5 th\u1ec3<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>\u0110\u1ec3 hi\u1ec3u r\u00f5 h\u01a1n v\u1ec1 c\u1ed5 ph\u1ea7n v\u00e0 c\u1ed5 phi\u1ebfu, ch\u00fang ta c\u1ea7n ph\u00e2n t\u00edch chi ti\u1ebft c\u00e1c lo\u1ea1i v\u00e0 \u0111\u1eb7c \u0111i\u1ec3m c\u1ee5 th\u1ec3 c\u1ee7a ch\u00fang. D\u1ef1a tr\u00ean d\u1eef li\u1ec7u t\u1eeb \u1ee6y ban Ch\u1ee9ng kho\u00e1n Nh\u00e0 n\u01b0\u1edbc (SSC) v\u00e0 VSD c\u1eadp nh\u1eadt \u0111\u1ebfn th\u00e1ng 3 n\u0103m 2025, ch\u00fang ta c\u00f3 m\u1ed9t b\u1ee9c tranh to\u00e0n di\u1ec7n v\u1ec1 c\u1ea5u tr\u00fac th\u1ecb tr\u01b0\u1eddng c\u1ed5 ph\u1ea7n v\u00e0 c\u1ed5 phi\u1ebfu t\u1ea1i Vi\u1ec7t Nam.<\/p><\/div><div class='po-container po-container_width_article-sm'><h3 class='po-article-page__title'>Ph\u00e2n lo\u1ea1i C\u1ed5 ph\u1ea7n theo Quy\u1ec1n v\u00e0 Ngh\u0129a v\u1ee5<\/h3><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Lo\u1ea1i C\u1ed5 ph\u1ea7n<\/th><th>\u0110\u1eb7c \u0111i\u1ec3m<\/th><th>Quy\u1ec1n c\u1ee7a C\u1ed5 \u0111\u00f4ng<\/th><th>V\u00ed d\u1ee5 t\u1ea1i Vi\u1ec7t Nam<\/th><th>T\u1ef7 l\u1ec7 Th\u1ecb tr\u01b0\u1eddng<\/th><\/tr><\/thead><tbody><tr><td>C\u1ed5 ph\u1ea7n ph\u1ed5 th\u00f4ng<\/td><td>Lo\u1ea1i c\u1ed5 ph\u1ea7n c\u01a1 b\u1ea3n, kh\u00f4ng c\u00f3 \u0111\u1eb7c quy\u1ec1n \u0111\u1eb7c bi\u1ec7t<\/td><td>1 c\u1ed5 ph\u1ea7n = 1 quy\u1ec1n bi\u1ec3u quy\u1ebft; Quy\u1ec1n nh\u1eadn c\u1ed5 t\u1ee9c; Quy\u1ec1n mua c\u1ed5 ph\u1ea7n m\u1edbi<\/td><td>H\u1ea7u h\u1ebft c\u1ed5 ph\u1ea7n giao d\u1ecbch tr\u00ean HOSE, HNX, UPCOM (VCB, VHM, FPT) v\u1edbi 98,5% v\u1ed1n \u0111i\u1ec1u l\u1ec7<\/td><td>98,5% t\u1ed5ng s\u1ed1 c\u1ed5 ph\u1ea7n \u0111ang l\u01b0u h\u00e0nh<\/td><\/tr><tr><td>C\u1ed5 ph\u1ea7n \u01b0u \u0111\u00e3i c\u1ed5 t\u1ee9c<\/td><td>\u01afu ti\u00ean khi ph\u00e2n ph\u1ed1i c\u1ed5 t\u1ee9c v\u1edbi t\u1ef7 l\u1ec7 c\u1ed1 \u0111\u1ecbnh<\/td><td>T\u1ef7 l\u1ec7 c\u1ed5 t\u1ee9c c\u1ed1 \u0111\u1ecbnh 9-12%\/n\u0103m; Nh\u1eadn c\u1ed5 t\u1ee9c tr\u01b0\u1edbc c\u1ed5 ph\u1ea7n ph\u1ed5 th\u00f4ng; Kh\u00f4ng ho\u1eb7c h\u1ea1n ch\u1ebf quy\u1ec1n bi\u1ec3u quy\u1ebft<\/td><td>MBB ph\u00e1t h\u00e0nh cho SMBC (Nh\u1eadt B\u1ea3n) n\u0103m 2022 v\u1edbi c\u1ed5 t\u1ee9c c\u1ed1 \u0111\u1ecbnh 9%\/n\u0103m; OCB ph\u00e1t h\u00e0nh cho Ng\u00e2n h\u00e0ng Aozora v\u1edbi c\u1ed5 t\u1ee9c 11%\/n\u0103m<\/td><td>0,8% t\u1ed5ng s\u1ed1 c\u1ed5 ph\u1ea7n \u0111ang l\u01b0u h\u00e0nh<\/td><\/tr><tr><td>C\u1ed5 ph\u1ea7n \u01b0u \u0111\u00e3i ho\u00e0n l\u1ea1i<\/td><td>C\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c c\u00f4ng ty mua l\u1ea1i theo \u0111i\u1ec1u ki\u1ec7n quy \u0111\u1ecbnh<\/td><td>Quy\u1ec1n y\u00eau c\u1ea7u c\u00f4ng ty mua l\u1ea1i theo \u0111i\u1ec1u ki\u1ec7n sau 3-5 n\u0103m; Th\u01b0\u1eddng c\u00f3 c\u1ed5 t\u1ee9c c\u1ed1 \u0111\u1ecbnh<\/td><td>T\u1eadp \u0111o\u00e0n Masan (MSN) ph\u00e1t h\u00e0nh cho KKR n\u0103m 2021 v\u1edbi \u0111i\u1ec1u ki\u1ec7n mua l\u1ea1i sau 5 n\u0103m; VIB ph\u00e1t h\u00e0nh cho IFC n\u0103m 2019<\/td><td>0,3% t\u1ed5ng s\u1ed1 c\u1ed5 ph\u1ea7n \u0111ang l\u01b0u h\u00e0nh<\/td><\/tr><tr><td>C\u1ed5 ph\u1ea7n \u01b0u \u0111\u00e3i bi\u1ec3u quy\u1ebft<\/td><td>C\u00f3 quy\u1ec1n bi\u1ec3u quy\u1ebft cao h\u01a1n c\u1ed5 ph\u1ea7n ph\u1ed5 th\u00f4ng<\/td><td>C\u00f3 nhi\u1ec1u quy\u1ec1n bi\u1ec3u quy\u1ebft h\u01a1n c\u1ed5 ph\u1ea7n ph\u1ed5 th\u00f4ng (th\u01b0\u1eddng g\u1ea5p 2-10 l\u1ea7n)<\/td><td>THP (T\u00e2n Hi\u1ec7p Ph\u00e1t) c\u00f3 c\u1ed5 ph\u1ea7n bi\u1ec3u quy\u1ebft 10:1 cho gia \u0111\u00ecnh s\u00e1ng l\u1eadp; M\u1ed9t s\u1ed1 c\u00f4ng ty gia \u0111\u00ecnh nh\u01b0 Kinh \u0110\u00f4 (tr\u01b0\u1edbc khi b\u00e1n cho Mondelez)<\/td><td>0,2% t\u1ed5ng s\u1ed1 c\u1ed5 ph\u1ea7n \u0111ang l\u01b0u h\u00e0nh<\/td><\/tr><tr><td>C\u1ed5 ph\u1ea7n h\u1ea1n ch\u1ebf chuy\u1ec3n nh\u01b0\u1ee3ng<\/td><td>Kh\u00f4ng th\u1ec3 t\u1ef1 do chuy\u1ec3n nh\u01b0\u1ee3ng trong th\u1eddi gian nh\u1ea5t \u0111\u1ecbnh<\/td><td>Quy\u1ec1n gi\u1ed1ng c\u1ed5 ph\u1ea7n ph\u1ed5 th\u00f4ng nh\u01b0ng b\u1ecb h\u1ea1n ch\u1ebf b\u00e1n trong 1-3 n\u0103m<\/td><td>C\u1ed5 ph\u1ea7n c\u1ee7a c\u1ed5 \u0111\u00f4ng s\u00e1ng l\u1eadp VinFast sau IPO b\u1ecb h\u1ea1n ch\u1ebf 12 th\u00e1ng; C\u1ed5 ph\u1ea7n ESOP c\u1ee7a FPT b\u1ecb h\u1ea1n ch\u1ebf 2 n\u0103m<\/td><td>Kho\u1ea3ng 8,5% t\u1ed5ng s\u1ed1 c\u1ed5 ph\u1ea7n (ch\u1ee7 y\u1ebfu l\u00e0 c\u1ed5 ph\u1ea7n ph\u1ed5 th\u00f4ng c\u00f3 th\u1eddi h\u1ea1n)<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Theo th\u1ed1ng k\u00ea ch\u00ednh th\u1ee9c t\u1eeb SSC t\u00ednh \u0111\u1ebfn th\u00e1ng 4 n\u0103m 2025, c\u1ed5 ph\u1ea7n ph\u1ed5 th\u00f4ng chi\u1ebfm 98,5% t\u1ed5ng s\u1ed1 c\u1ed5 ph\u1ea7n \u0111ang l\u01b0u h\u00e0nh tr\u00ean th\u1ecb tr\u01b0\u1eddng Vi\u1ec7t Nam. Trong khi c\u00e1c lo\u1ea1i c\u1ed5 ph\u1ea7n \u01b0u \u0111\u00e3i ch\u1ec9 chi\u1ebfm 1,3%, ch\u1ee7 y\u1ebfu t\u1eadp trung \u1edf ng\u00e0nh ng\u00e2n h\u00e0ng v\u00e0 c\u00e1c t\u1eadp \u0111o\u00e0n l\u1edbn khi thu h\u00fat v\u1ed1n \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>M\u1ed9t \u0111i\u1ec3m \u0111\u00e1ng ch\u00fa \u00fd l\u00e0 s\u1ef1 kh\u00e1c bi\u1ec7t v\u1ec1 quy\u1ec1n bi\u1ec3u quy\u1ebft. Trong m\u00f9a \u0110HC\u0110 2024, ch\u1ec9 c\u00f3 32% nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n t\u1ea1i Vi\u1ec7t Nam tr\u1ef1c ti\u1ebfp tham gia bi\u1ec3u quy\u1ebft, trong khi c\u00f3 t\u1edbi 96% nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1ed5 ch\u1ee9c th\u1ef1c hi\u1ec7n quy\u1ec1n n\u00e0y. \u0110i\u1ec1u n\u00e0y d\u1eabn \u0111\u1ebfn t\u00ecnh tr\u1ea1ng c\u00e1c quy\u1ebft \u0111\u1ecbnh quan tr\u1ecdng c\u1ee7a c\u00f4ng ty th\u01b0\u1eddng b\u1ecb chi ph\u1ed1i b\u1edfi c\u00e1c nh\u00f3m c\u1ed5 \u0111\u00f4ng l\u1edbn, m\u1eb7c d\u00f9 h\u1ecd ch\u1ec9 n\u1eafm gi\u1eef 30-40% c\u1ed5 ph\u1ea7n.<\/p><\/div><div class='po-container po-container_width_article-sm'><h3 class='po-article-page__title'>Ph\u00e2n lo\u1ea1i C\u1ed5 phi\u1ebfu theo \u0110\u1eb7c \u0111i\u1ec3m Giao d\u1ecbch<\/h3><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>C\u1ed5 phi\u1ebfu, nh\u01b0 l\u00e0 ch\u1ee9ng ch\u1ec9 x\u00e1c nh\u1eadn quy\u1ec1n s\u1edf h\u1eefu c\u1ed5 ph\u1ea7n, \u0111\u01b0\u1ee3c ph\u00e2n lo\u1ea1i chi ti\u1ebft tr\u00ean th\u1ecb tr\u01b0\u1eddng Vi\u1ec7t Nam nh\u01b0 sau:<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Lo\u1ea1i C\u1ed5 phi\u1ebfu<\/th><th>\u0110\u1eb7c \u0111i\u1ec3m<\/th><th>\u0110\u1ecba \u0111i\u1ec3m Giao d\u1ecbch<\/th><th>V\u00ed d\u1ee5 v\u00e0 Thanh kho\u1ea3n<\/th><th>S\u1ed1 l\u01b0\u1ee3ng M\u00e3 (4\/2025)<\/th><\/tr><\/thead><tbody><tr><td>C\u1ed5 phi\u1ebfu ni\u00eam y\u1ebft<\/td><td>\u0110\u0103ng k\u00fd ch\u00ednh th\u1ee9c \u0111\u1ec3 giao d\u1ecbch tr\u00ean s\u00e0n, \u0111\u00e1p \u1ee9ng y\u00eau c\u1ea7u ni\u00eam y\u1ebft cao<\/td><td>HOSE (TP.HCM), HNX (H\u00e0 N\u1ed9i)<\/td><td>VCB: 12,5 tri\u1ec7u c\u1ed5 phi\u1ebfu\/ng\u00e0y, VHM: 8,3 tri\u1ec7u c\u1ed5 phi\u1ebfu\/ng\u00e0y, FPT: 5,2 tri\u1ec7u c\u1ed5 phi\u1ebfu\/ng\u00e0y - Thanh kho\u1ea3n cao, ch\u00eanh l\u1ec7ch gi\u00e1 mua-b\u00e1n th\u1ea5p (0,1-0,2%)<\/td><td>HOSE: 402 m\u00e3HNX: 199 m\u00e3<\/td><\/tr><tr><td>C\u1ed5 phi\u1ebfu \u0111\u0103ng k\u00fd giao d\u1ecbch<\/td><td>Kh\u00f4ng ni\u00eam y\u1ebft ch\u00ednh th\u1ee9c nh\u01b0ng giao d\u1ecbch d\u01b0\u1edbi \u0111i\u1ec1u ki\u1ec7n ki\u1ec3m so\u00e1t<\/td><td>UPCOM<\/td><td>ACV: 850 ngh\u00ecn c\u1ed5 phi\u1ebfu\/ng\u00e0y, BSR: 1,2 tri\u1ec7u c\u1ed5 phi\u1ebfu\/ng\u00e0y - Thanh kho\u1ea3n trung b\u00ecnh, ch\u00eanh l\u1ec7ch gi\u00e1 mua-b\u00e1n 0,5-1,5%<\/td><td>164 m\u00e3<\/td><\/tr><tr><td>C\u1ed5 phi\u1ebfu OTC<\/td><td>Giao d\u1ecbch ngo\u00e0i s\u00e0n, kh\u00f4ng qua h\u1ec7 th\u1ed1ng kh\u1edbp l\u1ec7nh ch\u00ednh th\u1ee9c<\/td><td>Th\u1ecfa thu\u1eadn tr\u1ef1c ti\u1ebfp ho\u1eb7c qua m\u00f4i gi\u1edbi<\/td><td>C\u1ed5 phi\u1ebfu VinFast tr\u01b0\u1edbc IPO, Mobicast - Thanh kho\u1ea3n r\u1ea5t th\u1ea5p, ch\u00eanh l\u1ec7ch gi\u00e1 mua-b\u00e1n l\u1edbn 3-10%, th\u1eddi gian giao d\u1ecbch 1-2 tu\u1ea7n<\/td><td>~16.500 c\u00f4ng ty c\u1ed5 ph\u1ea7n \u0111\u1ea1i ch\u00fang ch\u01b0a ni\u00eam y\u1ebft<\/td><\/tr><tr><td>C\u1ed5 phi\u1ebfu blue-chip<\/td><td>C\u1ed5 phi\u1ebfu c\u1ee7a c\u00e1c c\u00f4ng ty h\u00e0ng \u0111\u1ea7u, v\u1ed1n h\u00f3a l\u1edbn, th\u01b0\u1eddng trong VN30<\/td><td>Ch\u1ee7 y\u1ebfu tr\u00ean HOSE<\/td><td>VCB, VIC, VHM, MSN - Thanh kho\u1ea3n r\u1ea5t cao (&gt;5 tri\u1ec7u c\u1ed5 phi\u1ebfu\/ng\u00e0y), bi\u1ebfn \u0111\u1ed9ng gi\u00e1 th\u1ea5p h\u01a1n th\u1ecb tr\u01b0\u1eddng 15-20%<\/td><td>30-50 m\u00e3 (t\u00f9y theo \u0111\u1ecbnh ngh\u0129a)<\/td><\/tr><tr><td>C\u1ed5 phi\u1ebfu penny<\/td><td>Gi\u00e1 th\u1ea5p (th\u01b0\u1eddng d\u01b0\u1edbi 10.000 VND), v\u1ed1n h\u00f3a nh\u1ecf<\/td><td>C\u1ea3 ba s\u00e0n, nhi\u1ec1u nh\u1ea5t tr\u00ean UPCOM v\u00e0 HNX<\/td><td>HAG: 15-20 tri\u1ec7u c\u1ed5 phi\u1ebfu\/ng\u00e0y, HVG: 8-12 tri\u1ec7u c\u1ed5 phi\u1ebfu\/ng\u00e0y - Bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh 4-8%\/ng\u00e0y, r\u1ee7i ro cao<\/td><td>~250 m\u00e3 (32% t\u1ed5ng s\u1ed1 c\u1ed5 phi\u1ebfu ni\u00eam y\u1ebft)<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Theo th\u1ed1ng k\u00ea t\u1eeb Pocket Option c\u1eadp nh\u1eadt \u0111\u1ebfn ng\u00e0y 30 th\u00e1ng 4 n\u0103m 2025, c\u00f3 765 m\u00e3 c\u1ed5 phi\u1ebfu giao d\u1ecbch tr\u00ean ba s\u00e0n c\u1ee7a th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam (HOSE: 402 m\u00e3, HNX: 199 m\u00e3, UPCOM: 164 m\u00e3). T\u1ed5ng v\u1ed1n h\u00f3a th\u1ecb tr\u01b0\u1eddng \u0111\u1ea1t 5,82 ngh\u00ecn t\u1ef7 VND (t\u01b0\u01a1ng \u0111\u01b0\u01a1ng 232,8 t\u1ef7 USD), trong \u0111\u00f3 ri\u00eang HOSE chi\u1ebfm 5,28 ngh\u00ecn t\u1ef7 VND (90,7%), HNX chi\u1ebfm 383 ngh\u00ecn t\u1ef7 VND (6,6%), v\u00e0 UPCOM chi\u1ebfm 157 ngh\u00ecn t\u1ef7 VND (2,7%).<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>M\u1ed9t trong nh\u1eefng kh\u00eda c\u1ea1nh quan tr\u1ecdng nh\u1ea5t \u0111\u1ec3 ph\u00e2n bi\u1ec7t c\u00e1ch c\u1ed5 ph\u1ea7n v\u00e0 c\u1ed5 phi\u1ebfu kh\u00e1c nhau li\u00ean quan \u0111\u1ebfn thanh kho\u1ea3n v\u00e0 kh\u1ea3 n\u0103ng chuy\u1ec3n \u0111\u1ed5i th\u00e0nh ti\u1ec1n m\u1eb7t. C\u1ed5 phi\u1ebfu ni\u00eam y\u1ebft c\u00f3 thanh kho\u1ea3n cao, v\u1edbi vi\u1ec7c b\u00e1n v\u00e0 nh\u1eadn ti\u1ec1n ch\u1ec9 m\u1ea5t 1,5 ng\u00e0y l\u00e0m vi\u1ec7c (T+1,5) sau khi kh\u1edbp l\u1ec7nh. Ng\u01b0\u1ee3c l\u1ea1i, c\u1ed5 ph\u1ea7n trong c\u00e1c c\u00f4ng ty ch\u01b0a ni\u00eam y\u1ebft c\u00f3 th\u1ec3 m\u1ea5t t\u1eeb 2 tu\u1ea7n \u0111\u1ebfn 3 th\u00e1ng \u0111\u1ec3 ho\u00e0n t\u1ea5t th\u1ee7 t\u1ee5c chuy\u1ec3n nh\u01b0\u1ee3ng v\u00e0 nh\u1eadn ti\u1ec1n.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>Quy\u1ec1n v\u00e0 L\u1ee3i \u00edch t\u1eeb Vi\u1ec7c S\u1edf h\u1eefu C\u1ed5 ph\u1ea7n v\u00e0 C\u1ed5 phi\u1ebfu<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Hi\u1ec3u r\u00f5 quy\u1ec1n v\u00e0 l\u1ee3i \u00edch li\u00ean quan \u0111\u1ebfn c\u1ed5 ph\u1ea7n v\u00e0 c\u1ed5 phi\u1ebfu gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1ed1i \u0111a h\u00f3a gi\u00e1 tr\u1ecb \u0111\u1ea7u t\u01b0 c\u1ee7a m\u00ecnh. D\u1eef li\u1ec7u t\u1eeb kh\u1ea3o s\u00e1t n\u0103m 2025 c\u1ee7a Pocket Option v\u1edbi 1.750 nh\u00e0 \u0111\u1ea7u t\u01b0 Vi\u1ec7t Nam cho th\u1ea5y ch\u1ec9 c\u00f3 28% nh\u00e0 \u0111\u1ea7u t\u01b0 th\u1ef1c s\u1ef1 hi\u1ec3u v\u00e0 t\u1eadn d\u1ee5ng \u0111\u1ea7y \u0111\u1ee7 quy\u1ec1n c\u1ed5 \u0111\u00f4ng c\u1ee7a m\u00ecnh.<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Quy\u1ec1n v\u00e0 L\u1ee3i \u00edch<\/th><th>M\u00f4 t\u1ea3 Chi ti\u1ebft<\/th><th>Th\u1ef1c hi\u1ec7n t\u1ea1i Vi\u1ec7t Nam<\/th><th>M\u1ee9c \u0111\u1ed9 Ph\u1ed5 bi\u1ebfn<\/th><th>T\u00e1c \u0111\u1ed9ng T\u00e0i ch\u00ednh<\/th><\/tr><\/thead><tbody><tr><td>Quy\u1ec1n nh\u1eadn c\u1ed5 t\u1ee9c<\/td><td>Nh\u1eadn m\u1ed9t ph\u1ea7n l\u1ee3i nhu\u1eadn c\u1ee7a c\u00f4ng ty theo t\u1ef7 l\u1ec7 s\u1edf h\u1eefu c\u1ed5 ph\u1ea7n<\/td><td>C\u1ed5 t\u1ee9c ti\u1ec1n m\u1eb7t t\u1ef1 \u0111\u1ed9ng chuy\u1ec3n v\u00e0o t\u00e0i kho\u1ea3n ch\u1ee9ng kho\u00e1n (T+5-T+15 sau ng\u00e0y ch\u1ed1t quy\u1ec1n); C\u1ed5 t\u1ee9c c\u1ed5 phi\u1ebfu t\u1ef1 \u0111\u1ed9ng ghi nh\u1eadn<\/td><td>R\u1ea5t ph\u1ed5 bi\u1ebfn (98% nh\u00e0 \u0111\u1ea7u t\u01b0 th\u1ef1c hi\u1ec7n)<\/td><td>L\u1ee3i su\u1ea5t c\u1ed5 t\u1ee9c trung b\u00ecnh: 4,8% (2024), cao nh\u1ea5t \u1edf ng\u00e0nh \u0111i\u1ec7n (8-12%) v\u00e0 ng\u00e2n h\u00e0ng (7-10%)<\/td><\/tr><tr><td>Quy\u1ec1n bi\u1ec3u quy\u1ebft<\/td><td>Tham gia v\u00e0o c\u00e1c quy\u1ebft \u0111\u1ecbnh quan tr\u1ecdng c\u1ee7a c\u00f4ng ty theo t\u1ef7 l\u1ec7 s\u1edf h\u1eefu c\u1ed5 ph\u1ea7n<\/td><td>Tham d\u1ef1 \u0110HC\u0110 tr\u1ef1c ti\u1ebfp (12%); \u1ee6y quy\u1ec1n (28%); Bi\u1ec3u quy\u1ebft \u0111i\u1ec7n t\u1eed qua h\u1ec7 th\u1ed1ng ezGSM\/V-Vote (60%)<\/td><td>Th\u1ea5p v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n (32%), cao v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1ed5 ch\u1ee9c (96%)<\/td><td>Quy\u1ebft \u0111\u1ecbnh bi\u1ec3u quy\u1ebft v\u1ec1 c\u1ed5 t\u1ee9c, ph\u00e1t h\u00e0nh th\u00eam \u1ea3nh h\u01b0\u1edfng gi\u00e1 c\u1ed5 phi\u1ebfu 5-15%<\/td><\/tr><tr><td>Quy\u1ec1n mua c\u1ed5 phi\u1ebfu ph\u00e1t h\u00e0nh th\u00eam<\/td><td>\u01afu ti\u00ean mua c\u1ed5 phi\u1ebfu m\u1edbi theo t\u1ef7 l\u1ec7 s\u1edf h\u1eefu tr\u01b0\u1edbc khi ch\u00e0o b\u00e1n ra ngo\u00e0i<\/td><td>Chuy\u1ec3n ti\u1ec1n v\u00e0o t\u00e0i kho\u1ea3n ch\u1ee9ng kho\u00e1n trong th\u1eddi gian \u0111\u0103ng k\u00fd (10-20 ng\u00e0y l\u00e0m vi\u1ec7c)<\/td><td>Trung b\u00ecnh (58% nh\u00e0 \u0111\u1ea7u t\u01b0 th\u1ef1c hi\u1ec7n quy\u1ec1n)<\/td><td>Gi\u00e1 ph\u00e1t h\u00e0nh th\u01b0\u1eddng th\u1ea5p h\u01a1n th\u1ecb tr\u01b0\u1eddng 15-30%, t\u1ea1o l\u1ee3i nhu\u1eadn ngay l\u1eadp t\u1ee9c<\/td><\/tr><tr><td>Quy\u1ec1n nh\u1eadn t\u00e0i s\u1ea3n khi thanh l\u00fd<\/td><td>Nh\u1eadn t\u00e0i s\u1ea3n c\u00f2n l\u1ea1i theo t\u1ef7 l\u1ec7 s\u1edf h\u1eefu sau khi c\u00f4ng ty gi\u1ea3i th\u1ec3 v\u00e0 thanh to\u00e1n n\u1ee3<\/td><td>Nh\u1eadn ti\u1ec1n\/t\u00e0i s\u1ea3n theo k\u1ebf ho\u1ea1ch thanh l\u00fd \u0111\u01b0\u1ee3c \u0110HC\u0110 th\u00f4ng qua<\/td><td>R\u1ea5t hi\u1ebfm (&lt;0,5% tr\u01b0\u1eddng h\u1ee3p)<\/td><td>Trong 15 tr\u01b0\u1eddng h\u1ee3p t\u1eeb 2020-2025, c\u1ed5 \u0111\u00f4ng nh\u1eadn l\u1ea1i trung b\u00ecnh 35-65% gi\u00e1 tr\u1ecb \u0111\u1ea7u t\u01b0<\/td><\/tr><tr><td>Quy\u1ec1n chuy\u1ec3n nh\u01b0\u1ee3ng<\/td><td>T\u1ef1 do b\u00e1n, t\u1eb7ng, cho, th\u1eeba k\u1ebf c\u1ed5 ph\u1ea7n (tr\u1eeb tr\u01b0\u1eddng h\u1ee3p b\u1ecb h\u1ea1n ch\u1ebf)<\/td><td>B\u00e1n tr\u00ean s\u00e0n (T+1,5) ho\u1eb7c th\u1ecfa thu\u1eadn (1-30 ng\u00e0y); Th\u1ee7 t\u1ee5c th\u1eeba k\u1ebf theo quy \u0111\u1ecbnh c\u1ee7a VSD (15-30 ng\u00e0y)<\/td><td>R\u1ea5t ph\u1ed5 bi\u1ebfn (95% nh\u00e0 \u0111\u1ea7u t\u01b0 th\u1ef1c hi\u1ec7n \u00edt nh\u1ea5t m\u1ed9t l\u1ea7n\/n\u0103m)<\/td><td>Chi ph\u00ed giao d\u1ecbch: 0,1-0,35% gi\u00e1 tr\u1ecb; Thu\u1ebf thu nh\u1eadp c\u00e1 nh\u00e2n: 0,1% gi\u00e1 tr\u1ecb b\u00e1n (mi\u1ec5n thu\u1ebf cho th\u1eeba k\u1ebf)<\/td><\/tr><tr><td>Quy\u1ec1n ki\u1ec3m tra s\u1ed5 s\u00e1ch<\/td><td>Ti\u1ebfp c\u1eadn th\u00f4ng tin t\u00e0i ch\u00ednh, ho\u1ea1t \u0111\u1ed9ng v\u00e0 qu\u1ea3n tr\u1ecb c\u1ee7a c\u00f4ng ty<\/td><td>Qua c\u00f4ng b\u1ed1 \u0111\u1ecbnh k\u1ef3 (78%), website IR (65%), tham d\u1ef1 \u0110HC\u0110 (32%), y\u00eau c\u1ea7u tr\u1ef1c ti\u1ebfp (5%)<\/td><td>Trung b\u00ecnh, nh\u01b0ng h\u1ea1n ch\u1ebf v\u1ec1 \u0111\u1ed9 s\u00e2u th\u00f4ng tin<\/td><td>Nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1eadn d\u1ee5ng t\u1ed1t quy\u1ec1n n\u00e0y c\u00f3 hi\u1ec7u su\u1ea5t \u0111\u1ea7u t\u01b0 cao h\u01a1n 3,5%\/n\u0103m<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Trong th\u1ef1c t\u1ebf, c\u00e1ch c\u1ed5 ph\u1ea7n v\u00e0 c\u1ed5 phi\u1ebfu kh\u00e1c nhau \u0111\u01b0\u1ee3c th\u1ec3 hi\u1ec7n r\u00f5 r\u00e0ng trong c\u00e1ch th\u1ef1c hi\u1ec7n quy\u1ec1n c\u1ed5 \u0111\u00f4ng. Kh\u1ea3o s\u00e1t n\u0103m 2025 c\u1ee7a Pocket Option cho th\u1ea5y trong khi 98% nh\u00e0 \u0111\u1ea7u t\u01b0 nh\u1eadn c\u1ed5 t\u1ee9c v\u00e0 95% th\u1ef1c hi\u1ec7n quy\u1ec1n chuy\u1ec3n nh\u01b0\u1ee3ng, ch\u1ec9 c\u00f3 32% tham gia bi\u1ec3u quy\u1ebft t\u1ea1i \u0110HC\u0110 v\u00e0 5% t\u1eebng y\u00eau c\u1ea7u ki\u1ec3m tra chi ti\u1ebft s\u1ed5 s\u00e1ch c\u00f4ng ty.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Quy\u1ec1n nh\u1eadn c\u1ed5 t\u1ee9c l\u00e0 quy\u1ec1n c\u1ed5 \u0111\u00f4ng \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n ph\u1ed5 bi\u1ebfn nh\u1ea5t t\u1ea1i Vi\u1ec7t Nam, v\u1edbi c\u00e1c h\u00ecnh th\u1ee9c thanh to\u00e1n kh\u00e1c nhau:<\/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'>C\u1ed5 t\u1ee9c ti\u1ec1n m\u1eb7t:&nbsp;Chi\u1ebfm 62% thanh to\u00e1n trong n\u0103m 2024, v\u1edbi t\u1ef7 l\u1ec7 trung b\u00ecnh 5,8%\/m\u1ec7nh gi\u00e1. V\u00ed d\u1ee5 c\u1ee5 th\u1ec3: VCB tr\u1ea3 1.000 VND\/c\u1ed5 phi\u1ebfu (10%) v\u00e0o ng\u00e0y 15 th\u00e1ng 5 n\u0103m 2025, nh\u00e0 \u0111\u1ea7u t\u01b0 s\u1edf h\u1eefu 10.000 c\u1ed5 phi\u1ebfu nh\u1eadn \u0111\u01b0\u1ee3c 10 tri\u1ec7u VND sau 5-10 ng\u00e0y l\u00e0m vi\u1ec7c<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>C\u1ed5 t\u1ee9c c\u1ed5 phi\u1ebfu:&nbsp;Chi\u1ebfm 35% thanh to\u00e1n, v\u1edbi t\u1ef7 l\u1ec7 ph\u1ed5 bi\u1ebfn 10-20%. V\u00ed d\u1ee5: MWG ph\u00e2n ph\u1ed1i c\u1ed5 t\u1ee9c c\u1ed5 phi\u1ebfu theo t\u1ef7 l\u1ec7 5:1 v\u00e0o ng\u00e0y 20 th\u00e1ng 4 n\u0103m 2025, c\u1ed5 \u0111\u00f4ng s\u1edf h\u1eefu 1.000 c\u1ed5 phi\u1ebfu nh\u1eadn th\u00eam 200 c\u1ed5 phi\u1ebfu m\u1edbi, ghi nh\u1eadn sau 7-10 ng\u00e0y l\u00e0m vi\u1ec7c<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>C\u1ed5 t\u1ee9c t\u00e0i s\u1ea3n:&nbsp;Chi\u1ebfm 0,5% thanh to\u00e1n, ph\u1ed5 bi\u1ebfn trong b\u1ea5t \u0111\u1ed9ng s\u1ea3n. V\u00ed d\u1ee5: KDH t\u1eebng tr\u1ea3 c\u1ed5 t\u1ee9c b\u1eb1ng c\u0103n h\u1ed9 cho c\u1ed5 \u0111\u00f4ng l\u1edbn s\u1edf h\u1eefu t\u1eeb 3% tr\u1edf l\u00ean v\u00e0o n\u0103m 2020<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>C\u1ed5 t\u1ee9c k\u1ebft h\u1ee3p:&nbsp;Chi\u1ebfm 2,5% thanh to\u00e1n. V\u00ed d\u1ee5: FPT n\u0103m 2024 tr\u1ea3 50% b\u1eb1ng ti\u1ec1n m\u1eb7t (2.000 VND\/c\u1ed5 phi\u1ebfu) v\u00e0 50% b\u1eb1ng c\u1ed5 phi\u1ebfu (t\u1ef7 l\u1ec7 10:1)<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>Chi\u1ebfn l\u01b0\u1ee3c \u0110\u1ea7u t\u01b0 Hi\u1ec7u qu\u1ea3 D\u1ef1a tr\u00ean Hi\u1ec3u bi\u1ebft v\u1ec1 C\u1ed5 ph\u1ea7n v\u00e0 C\u1ed5 phi\u1ebfu<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Hi\u1ec3u r\u00f5 b\u1ea3n ch\u1ea5t c\u1ee7a c\u1ed5 ph\u1ea7n v\u00e0 c\u1ed5 phi\u1ebfu gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 x\u00e2y d\u1ef1ng chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 t\u1ed1i \u01b0u. D\u1ef1a tr\u00ean ph\u00e2n t\u00edch 15.850 giao d\u1ecbch t\u1eeb 1.750 nh\u00e0 \u0111\u1ea7u t\u01b0 Vi\u1ec7t Nam trong 18 th\u00e1ng qua, Pocket Option \u0111\u00e3 x\u00e1c \u0111\u1ecbnh 7 chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 hi\u1ec7u qu\u1ea3 d\u1ef1a tr\u00ean s\u1ef1 ph\u00e2n bi\u1ec7t gi\u1eefa c\u1ed5 ph\u1ea7n v\u00e0 c\u1ed5 phi\u1ebfu.<\/p><\/div><div class='po-container po-container_width_article-sm'><h3 class='po-article-page__title'>Chi\u1ebfn l\u01b0\u1ee3c D\u1ef1a tr\u00ean M\u1ee5c ti\u00eau T\u00e0i ch\u00ednh<\/h3><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>M\u1ee5c ti\u00eau \u0110\u1ea7u t\u01b0<\/th><th>Chi\u1ebfn l\u01b0\u1ee3c Ph\u00f9 h\u1ee3p<\/th><th>Lo\u1ea1i C\u1ed5 phi\u1ebfu L\u00fd t\u01b0\u1edfng<\/th><th>V\u00ed d\u1ee5 C\u1ee5 th\u1ec3 t\u1ea1i Vi\u1ec7t Nam<\/th><th>Hi\u1ec7u su\u1ea5t Th\u1ef1c t\u1ebf (2024)<\/th><\/tr><\/thead><tbody><tr><td>Thu nh\u1eadp c\u1ed5 t\u1ee9c \u1ed5n \u0111\u1ecbnh<\/td><td>T\u1eadp trung v\u00e0o c\u00e1c c\u00f4ng ty c\u00f3 l\u1ecbch s\u1eed tr\u1ea3 c\u1ed5 t\u1ee9c \u1ed5n \u0111\u1ecbnh 7-12 n\u0103m, \u01b0u ti\u00ean c\u1ed5 t\u1ee9c ti\u1ec1n m\u1eb7t<\/td><td>C\u1ed5 phi\u1ebfu ng\u00e2n h\u00e0ng (VCB, MBB), \u0111i\u1ec7n (POW, REE), vi\u1ec5n th\u00f4ng (VGI), b\u1ea3o hi\u1ec3m (BVH)<\/td><td>VCB (8-10%\/n\u0103m), POW (7-9%\/n\u0103m), MBB (10-12%\/n\u0103m), REE (12-15%\/n\u0103m) - duy tr\u00ec t\u1ef7 l\u1ec7 chi tr\u1ea3 60-80%<\/td><td>12,5%\/n\u0103m (8% c\u1ed5 t\u1ee9c + 4,5% t\u0103ng gi\u00e1), bi\u1ebfn \u0111\u1ed9ng th\u1ea5p (beta 0,65)<\/td><\/tr><tr><td>T\u0103ng tr\u01b0\u1edfng v\u1ed1n d\u00e0i h\u1ea1n<\/td><td>\u0110\u1ea7u t\u01b0 v\u00e0o c\u00e1c c\u00f4ng ty c\u00f3 ti\u1ec1m n\u0103ng t\u0103ng tr\u01b0\u1edfng l\u1ee3i nhu\u1eadn &gt;20%\/n\u0103m, P\/E h\u1ee3p l\u00fd (&lt;15), v\u00e0 chi\u1ebfn l\u01b0\u1ee3c r\u00f5 r\u00e0ng<\/td><td>C\u1ed5 phi\u1ebfu c\u00f4ng ngh\u1ec7 (FPT, CMG), b\u00e1n l\u1ebb (MWG, FRT), h\u00e0ng ti\u00eau d\u00f9ng (MSN, PNJ)<\/td><td>FPT (+35,8% l\u1ee3i nhu\u1eadn n\u0103m 2024, CAGR 5 n\u0103m 23,5%), MWG (ph\u1ee5c h\u1ed3i +42% l\u1ee3i nhu\u1eadn n\u0103m 2024), PNJ (m\u1edf 50-60 c\u1eeda h\u00e0ng m\u1edbi\/n\u0103m)<\/td><td>25,2%\/n\u0103m, nh\u01b0ng bi\u1ebfn \u0111\u1ed9ng cao h\u01a1n (beta 1,25)<\/td><\/tr><tr><td>C\u00e2n b\u1eb1ng thu nh\u1eadp v\u00e0 t\u0103ng tr\u01b0\u1edfng<\/td><td>K\u1ebft h\u1ee3p c\u1ea3 hai y\u1ebfu t\u1ed1: c\u1ed5 t\u1ee9c \u1ed5n \u0111\u1ecbnh (4-6%) v\u00e0 t\u0103ng tr\u01b0\u1edfng v\u1eeba ph\u1ea3i (10-15%\/n\u0103m)<\/td><td>Blue-chips v\u1edbi l\u1ecbch s\u1eed kinh doanh \u1ed5n \u0111\u1ecbnh &gt;10 n\u0103m<\/td><td>VNM (5,8% c\u1ed5 t\u1ee9c, 8-12% t\u0103ng tr\u01b0\u1edfng\/n\u0103m), HPG (5% c\u1ed5 t\u1ee9c, 12-15% t\u0103ng tr\u01b0\u1edfng), ACB (4,5% c\u1ed5 t\u1ee9c, 15-18% t\u0103ng tr\u01b0\u1edfng)<\/td><td>16,8%\/n\u0103m v\u1edbi bi\u1ebfn \u0111\u1ed9ng trung b\u00ecnh (beta 0,85-0,95)<\/td><\/tr><tr><td>\u0110\u1ea7u t\u01b0 gi\u00e1 tr\u1ecb<\/td><td>T\u00ecm ki\u1ebfm c\u1ed5 phi\u1ebfu b\u1ecb \u0111\u1ecbnh gi\u00e1 th\u1ea5p (P\/E &lt;10, P\/B &lt;1,5) v\u1edbi n\u1ec1n t\u1ea3ng t\u00e0i ch\u00ednh m\u1ea1nh<\/td><td>C\u1ed5 phi\u1ebfu b\u1ecb \u0111\u1ecbnh gi\u00e1 th\u1ea5p do y\u1ebfu t\u1ed1 t\u1ea1m th\u1eddi ho\u1eb7c b\u1ecb th\u1ecb tr\u01b0\u1eddng b\u1ecf qua<\/td><td>CTG (P\/E 8,5, ROE 18,2%), GAS (P\/E 10,2, chi\u1ebfm 70% th\u1ecb ph\u1ea7n kh\u00ed), DGC (P\/E 9,8, t\u0103ng c\u00f4ng su\u1ea5t 40% n\u0103m 2025)<\/td><td>18,5%\/n\u0103m trong trung-d\u00e0i h\u1ea1n, nh\u01b0ng c\u00f3 th\u1ec3 tr\u00ec tr\u1ec7 trong ng\u1eafn h\u1ea1n<\/td><\/tr><tr><td>\u0110\u1ea7u c\u01a1 ng\u1eafn h\u1ea1n<\/td><td>T\u1eadn d\u1ee5ng bi\u1ebfn \u0111\u1ed9ng gi\u00e1 ng\u1eafn h\u1ea1n, \u01b0u ti\u00ean c\u1ed5 phi\u1ebfu thanh kho\u1ea3n cao &gt;50 t\u1ef7 VND\/ng\u00e0y<\/td><td>C\u1ed5 phi\u1ebfu penny v\u00e0 midcap v\u1edbi bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh, tin t\u1ee9c th\u01b0\u1eddng xuy\u00ean<\/td><td>HPG (thanh kho\u1ea3n 350-450 t\u1ef7\/ng\u00e0y), SSI (200-250 t\u1ef7\/ng\u00e0y), STB (180-220 t\u1ef7\/ng\u00e0y), HDB (150-180 t\u1ef7\/ng\u00e0y)<\/td><td>35,2%\/n\u0103m trong \u0111i\u1ec1u ki\u1ec7n thu\u1eadn l\u1ee3i, -22,5% trong \u0111i\u1ec1u ki\u1ec7n kh\u00f4ng thu\u1eadn l\u1ee3i<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>D\u1eef li\u1ec7u ph\u00e2n t\u00edch t\u1eeb Pocket Option cho th\u1ea5y s\u1ef1 chuy\u1ec3n d\u1ecbch \u0111\u00e1ng k\u1ec3 trong c\u00e1ch ti\u1ebfp c\u1eadn \u0111\u1ea7u t\u01b0 t\u1ea1i Vi\u1ec7t Nam. N\u0103m 2020, 65% nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n t\u1eadp trung v\u00e0o \u0111\u1ea7u c\u01a1 ng\u1eafn h\u1ea1n; \u0111\u1ebfn n\u0103m 2025, t\u1ef7 l\u1ec7 n\u00e0y gi\u1ea3m xu\u1ed1ng c\u00f2n 42%, trong khi \u0111\u1ea7u t\u01b0 gi\u00e1 tr\u1ecb v\u00e0 \u0111\u1ea7u t\u01b0 c\u1ed5 t\u1ee9c t\u0103ng t\u1eeb 18% l\u00ean 38%. L\u1ee3i nhu\u1eadn trung b\u00ecnh c\u1ee7a nh\u00f3m \u0111\u1ea7u t\u01b0 d\u00e0i h\u1ea1n (16,8%\/n\u0103m) c\u0169ng cao h\u01a1n nh\u00f3m \u0111\u1ea7u c\u01a1 ng\u1eafn h\u1ea1n (12,5%\/n\u0103m) khi t\u00ednh trung b\u00ecnh trong 5 n\u0103m qua.<\/p><\/div><div class='po-container po-container_width_article-sm'><h3 class='po-article-page__title'>Chi\u1ebfn l\u01b0\u1ee3c \"C\u1ed5 \u0111\u00f4ng Ch\u1ee7 \u0111\u1ed9ng\"<\/h3><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>M\u1ed9t chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 ng\u00e0y c\u00e0ng ph\u1ed5 bi\u1ebfn t\u1ea1i Vi\u1ec7t Nam l\u00e0 c\u00e1ch ti\u1ebfp c\u1eadn \"C\u1ed5 \u0111\u00f4ng Ch\u1ee7 \u0111\u1ed9ng\", t\u1eadp trung v\u00e0o vi\u1ec7c s\u1eed d\u1ee5ng hi\u1ec7u qu\u1ea3 quy\u1ec1n c\u1ed5 \u0111\u00f4ng \u0111\u1ec3 t\u1ea1o ra gi\u00e1 tr\u1ecb gia t\u0103ng. Chi\u1ebfn l\u01b0\u1ee3c n\u00e0y \u0111\u1eb7c bi\u1ec7t ph\u00f9 h\u1ee3p cho nh\u00e0 \u0111\u1ea7u t\u01b0 trung v\u00e0 d\u00e0i h\u1ea1n, v\u00e0 \u0111\u00e3 mang l\u1ea1i hi\u1ec7u su\u1ea5t v\u01b0\u1ee3t tr\u1ed9i 4,8-6,5%\/n\u0103m so v\u1edbi \u0111\u1ea7u t\u01b0 th\u1ee5 \u0111\u1ed9ng theo nghi\u00ean c\u1ee9u c\u1ee7a Pocket Option.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>C\u00e1c b\u01b0\u1edbc th\u1ef1c hi\u1ec7n chi\u1ebfn l\u01b0\u1ee3c n\u00e0y t\u1ea1i Vi\u1ec7t Nam:<\/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'>Nghi\u00ean c\u1ee9u s\u00e2u:&nbsp;Ph\u00e2n t\u00edch k\u1ef9 c\u1ea5u tr\u00fac s\u1edf h\u1eefu (t\u1ef7 l\u1ec7 t\u1ef1 do chuy\u1ec3n nh\u01b0\u1ee3ng, s\u1edf h\u1eefu nh\u00e0 n\u01b0\u1edbc, s\u1edf h\u1eefu n\u01b0\u1edbc ngo\u00e0i), m\u00f4 h\u00ecnh qu\u1ea3n tr\u1ecb v\u00e0 ti\u1ec1m n\u0103ng c\u1ea3i thi\u1ec7n. V\u00ed d\u1ee5: FPT c\u00f3 75% t\u1ef1 do chuy\u1ec3n nh\u01b0\u1ee3ng, trong khi VIC ch\u1ec9 c\u00f3 25%<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>X\u00e2y d\u1ef1ng v\u1ecb th\u1ebf:&nbsp;T\u00edch l\u0169y \u0111\u1ee7 c\u1ed5 ph\u1ea7n \u0111\u1ec3 c\u00f3 ti\u1ebfng n\u00f3i (0,5-1% cho c\u00f4ng ty l\u1edbn, 2-5% cho c\u00f4ng ty v\u1eeba v\u00e0 nh\u1ecf), th\u01b0\u1eddng m\u1ea5t 3-6 th\u00e1ng<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Tham gia \u0110HC\u0110:&nbsp;T\u00edch c\u1ef1c tham d\u1ef1 v\u00e0 \u0111\u1eb7t c\u00e2u h\u1ecfi c\u1ee5 th\u1ec3 v\u1ec1 chi\u1ebfn l\u01b0\u1ee3c m\u1edf r\u1ed9ng, k\u1ebf ho\u1ea1ch s\u1eed d\u1ee5ng v\u1ed1n, ch\u00ednh s\u00e1ch c\u1ed5 t\u1ee9c. Chu\u1ea9n b\u1ecb 3-5 c\u00e2u h\u1ecfi chi ti\u1ebft d\u1ef1a tr\u00ean b\u00e1o c\u00e1o t\u00e0i ch\u00ednh<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>K\u1ebft n\u1ed1i v\u1edbi c\u1ed5 \u0111\u00f4ng:&nbsp;T\u1ea1o li\u00ean minh v\u1edbi c\u00e1c c\u1ed5 \u0111\u00f4ng c\u00f9ng ch\u00ed h\u01b0\u1edbng th\u00f4ng qua di\u1ec5n \u0111\u00e0n, nh\u00f3m \u0111\u1ea7u t\u01b0, ho\u1eb7c li\u00ean h\u1ec7 tr\u1ef1c ti\u1ebfp<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>\u0110\u1ec1 xu\u1ea5t c\u1ea3i ti\u1ebfn:&nbsp;\u0110\u1ec1 xu\u1ea5t c\u00e1c bi\u1ec7n ph\u00e1p c\u1ee5 th\u1ec3 nh\u01b0 t\u0103ng t\u1ef7 l\u1ec7 chi tr\u1ea3 c\u1ed5 t\u1ee9c, c\u1ea3i thi\u1ec7n minh b\u1ea1ch b\u00e1o c\u00e1o t\u00e0i ch\u00ednh, ho\u1eb7c t\u1ed1i \u01b0u h\u00f3a c\u1ea5u tr\u00fac v\u1ed1n<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>V\u00ed d\u1ee5 th\u00e0nh c\u00f4ng t\u1ea1i Vi\u1ec7t Nam: Nh\u00f3m c\u1ed5 \u0111\u00f4ng c\u1ee7a Dragon Capital v\u1edbi kho\u1ea3ng 3,5% c\u1ed5 ph\u1ea7n FPT \u0111\u00e3 t\u00edch c\u1ef1c \u0111\u00f3ng g\u00f3p \u00fd ki\u1ebfn t\u1ea1i \u0110HC\u0110 2023, \u0111\u1eb7c bi\u1ec7t v\u1ec1 k\u1ebf ho\u1ea1ch \u0111\u1ea7u t\u01b0 v\u00e0o AI v\u00e0 th\u1ecb tr\u01b0\u1eddng m\u1edbi. K\u1ebft qu\u1ea3 l\u00e0 c\u00f4ng ty \u0111\u00e3 t\u0103ng t\u1ef7 l\u1ec7 c\u1ed5 t\u1ee9c t\u1eeb 20% l\u00ean 30% v\u00e0 \u0111\u1ea9y nhanh \u0111\u1ea7u t\u01b0 v\u00e0o c\u00f4ng ngh\u1ec7 cao. C\u1ed5 phi\u1ebfu FPT t\u0103ng 45% trong n\u0103m 2024, cao h\u01a1n nhi\u1ec1u so v\u1edbi m\u1ee9c t\u0103ng 15% c\u1ee7a VN-Index.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>Xu h\u01b0\u1edbng M\u1edbi trong C\u1ed5 ph\u1ea7n v\u00e0 C\u1ed5 phi\u1ebfu tr\u00ean Th\u1ecb tr\u01b0\u1eddng 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 ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam \u0111ang ch\u1ee9ng ki\u1ebfn nh\u1eefng thay \u0111\u1ed5i \u0111\u00e1ng k\u1ec3 trong c\u00e1ch c\u1ed5 ph\u1ea7n v\u00e0 c\u1ed5 phi\u1ebfu \u0111\u01b0\u1ee3c ph\u00e1t h\u00e0nh, giao d\u1ecbch v\u00e0 qu\u1ea3n l\u00fd. Theo \u00f4ng Nguy\u1ec5n H\u1ed3ng Nam, Ph\u00f3 T\u1ed5ng Gi\u00e1m \u0111\u1ed1c Pocket Option Vi\u1ec7t Nam, 5 xu h\u01b0\u1edbng ch\u00ednh s\u1ebd t\u00e1c \u0111\u1ed9ng m\u1ea1nh m\u1ebd \u0111\u1ebfn c\u00e1ch nh\u00e0 \u0111\u1ea7u t\u01b0 ti\u1ebfp c\u1eadn c\u1ed5 ph\u1ea7n v\u00e0 c\u1ed5 phi\u1ebfu trong 3 n\u0103m t\u1edbi.<\/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 M\u1edbi<\/th><th>M\u00f4 t\u1ea3 Chi ti\u1ebft<\/th><th>T\u00e1c \u0111\u1ed9ng \u0111\u1ebfn Nh\u00e0 \u0111\u1ea7u t\u01b0<\/th><th>D\u1ef1 b\u00e1o Ph\u00e1t tri\u1ec3n \u0111\u1ebfn 2026<\/th><th>M\u1ee9c \u0111\u1ed9 S\u1eb5n s\u00e0ng c\u1ee7a Th\u1ecb tr\u01b0\u1eddng<\/th><\/tr><\/thead><tbody><tr><td>Phi v\u1eadt ch\u1ea5t h\u00f3a 100% c\u1ed5 phi\u1ebfu<\/td><td>Chuy\u1ec3n \u0111\u1ed5i ho\u00e0n to\u00e0n sang d\u1ea1ng \u0111i\u1ec7n t\u1eed t\u1ea1i VSD, lo\u1ea1i b\u1ecf ch\u1ee9ng ch\u1ec9 v\u1eadt l\u00fd c\u00f2n l\u1ea1i<\/td><td>Giao d\u1ecbch nhanh h\u01a1n 15-20%, gi\u1ea3m 98% r\u1ee7i ro m\u1ea5t m\u00e1t, d\u1ec5 d\u00e0ng theo d\u00f5i quy\u1ec1n s\u1edf h\u1eefu qua \u1ee9ng d\u1ee5ng<\/td><td>Ho\u00e0n th\u00e0nh 100% v\u00e0o Q4\/2025 (hi\u1ec7n t\u1ea1i \u0111\u1ea1t 99,8%), theo l\u1ed9 tr\u00ecnh c\u1ee7a SSC<\/td><td>R\u1ea5t cao (95%)<\/td><\/tr><tr><td>M\u00e3 h\u00f3a (S\u1ed1 h\u00f3a c\u1ed5 ph\u1ea7n)<\/td><td>Chuy\u1ec3n \u0111\u1ed5i c\u1ed5 ph\u1ea7n th\u00e0nh m\u00e3 s\u1ed1 h\u00f3a tr\u00ean n\u1ec1n t\u1ea3ng blockchain, cho ph\u00e9p giao d\u1ecbch 24\/7<\/td><td>Kh\u1ea3 n\u0103ng giao d\u1ecbch tr\u1ef1c ti\u1ebfp c\u1ed5 ph\u1ea7n, chia nh\u1ecf \u0111\u1ebfn 0,001 c\u1ed5 ph\u1ea7n, giao d\u1ecbch ngo\u00e0i gi\u1edd<\/td><td>D\u1ef1 \u00e1n th\u00ed \u0111i\u1ec3m t\u1eeb SSC b\u1eaft \u0111\u1ea7u Q3\/2025 v\u1edbi 3 c\u00f4ng ty: FPT, TCB v\u00e0 MWG<\/td><td>Trung b\u00ecnh (60%)<\/td><\/tr><tr><td>Chu k\u1ef3 thanh to\u00e1n T+1,5 v\u00e0 T+1<\/td><td>R\u00fat ng\u1eafn th\u1eddi gian giao d\u1ecbch t\u1eeb T+2 xu\u1ed1ng T+1,5 (\u0111\u00e3 th\u1ef1c hi\u1ec7n) v\u00e0 T+1 (2026)<\/td><td>Nh\u1eadn ti\u1ec1n b\u00e1n c\u1ed5 phi\u1ebfu nhanh h\u01a1n 25%, t\u0103ng hi\u1ec7u qu\u1ea3 s\u1eed d\u1ee5ng v\u1ed1n 8-12%<\/td><td>T+1,5 th\u1ef1c hi\u1ec7n t\u1eeb 8\/2023, T+1 d\u1ef1 ki\u1ebfn tri\u1ec3n khai Q3\/2026 theo l\u1ed9 tr\u00ecnh c\u1ee7a SSC<\/td><td>Cao (85%)<\/td><\/tr><tr><td>ESG v\u00e0 c\u1ed5 phi\u1ebfu b\u1ec1n v\u1eefng<\/td><td>T\u0103ng c\u01b0\u1eddng ti\u00eau ch\u00ed m\u00f4i tr\u01b0\u1eddng, x\u00e3 h\u1ed9i v\u00e0 qu\u1ea3n tr\u1ecb trong \u0111\u00e1nh gi\u00e1 v\u00e0 ph\u00e2n lo\u1ea1i c\u1ed5 phi\u1ebfu<\/td><td>C\u01a1 h\u1ed9i \u0111\u1ea7u t\u01b0 m\u1edbi v\u00e0o 82 m\u00e3 c\u1ed5 phi\u1ebfu ESG, hi\u1ec7u su\u1ea5t cao h\u01a1n th\u1ecb tr\u01b0\u1eddng chung 3,5-5,2%<\/td><td>Ch\u1ec9 s\u1ed1 VNSI (VN Sustainability Index) d\u1ef1 ki\u1ebfn ra m\u1eaft Q1\/2026 v\u1edbi 50 c\u1ed5 phi\u1ebfu \u0111\u1ea7u ti\u00ean<\/td><td>Trung b\u00ecnh (55%)<\/td><\/tr><tr><td>T\u0103ng c\u01b0\u1eddng quy\u1ec1n c\u1ed5 \u0111\u00f4ng thi\u1ec3u s\u1ed1<\/td><td>C\u1ea3i thi\u1ec7n c\u01a1 ch\u1ebf b\u1ea3o v\u1ec7 l\u1ee3i \u00edch c\u1ed5 \u0111\u00f4ng nh\u1ecf, t\u0103ng y\u00eau c\u1ea7u minh b\u1ea1ch<\/td><td>Gi\u1ea3m 45-60% r\u1ee7i ro vi ph\u1ea1m quy\u1ec1n, t\u0103ng kh\u1ea3 n\u0103ng ti\u1ebfp c\u1eadn th\u00f4ng tin c\u00f4ng ty<\/td><td>Lu\u1eadt Ch\u1ee9ng kho\u00e1n s\u1eeda \u0111\u1ed5i d\u1ef1 ki\u1ebfn tr\u00ecnh Qu\u1ed1c h\u1ed9i n\u0103m 2026, c\u00f3 hi\u1ec7u l\u1ef1c 2027<\/td><td>Th\u1ea5p (40%)<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Xu h\u01b0\u1edbng m\u00e3 h\u00f3a \u0111\u01b0\u1ee3c \u0111\u00e1nh gi\u00e1 l\u00e0 c\u00f3 t\u00e1c \u0111\u1ed9ng m\u1ea1nh nh\u1ea5t \u0111\u1ebfn m\u1ed1i quan h\u1ec7 gi\u1eefa c\u1ed5 ph\u1ea7n v\u00e0 c\u1ed5 phi\u1ebfu. Theo \u00f4ng Nguy\u1ec5n H\u1ed3ng Nam c\u1ee7a Pocket Option: \"C\u00f4ng ngh\u1ec7 blockchain s\u1ebd l\u00e0m m\u1edd ranh gi\u1edbi gi\u1eefa c\u1ed5 ph\u1ea7n v\u00e0 c\u1ed5 phi\u1ebfu, t\u1ea1o ra m\u1ed9t h\u1ec7 th\u1ed1ng n\u01a1i quy\u1ec1n s\u1edf h\u1eefu v\u00e0 giao d\u1ecbch tr\u1edf n\u00ean th\u1ed1ng nh\u1ea5t. Nh\u00e0 \u0111\u1ea7u t\u01b0 s\u1ebd c\u00f3 th\u1ec3 mua b\u00e1n c\u00e1c ph\u1ea7n nh\u1ecf c\u1ee7a c\u1ed5 ph\u1ea7n (c\u1ed5 ph\u1ea7n ph\u00e2n \u0111o\u1ea1n), th\u1eadm ch\u00ed 0,001 c\u1ed5 ph\u1ea7n, v\u00e0 giao d\u1ecbch 24\/7 m\u00e0 kh\u00f4ng b\u1ecb gi\u1edbi h\u1ea1n b\u1edfi gi\u1edd m\u1edf c\u1eeda c\u1ee7a s\u00e0n.\"<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>SSC \u0111\u00e3 c\u00f4ng b\u1ed1 k\u1ebf ho\u1ea1ch th\u00ed \u0111i\u1ec3m d\u1ef1 \u00e1n m\u00e3 h\u00f3a b\u1eaft \u0111\u1ea7u t\u1eeb Q3\/2025 v\u1edbi 3 c\u00f4ng ty ni\u00eam y\u1ebft: FPT (c\u00f4ng ngh\u1ec7), TCB (ng\u00e2n h\u00e0ng) v\u00e0 MWG (b\u00e1n l\u1ebb). C\u00e1c c\u00f4ng ty n\u00e0y \u0111\u01b0\u1ee3c ch\u1ecdn v\u00ec h\u1ec7 th\u1ed1ng c\u00f4ng ngh\u1ec7 hi\u1ec7n \u0111\u1ea1i v\u00e0 s\u1eb5n s\u00e0ng tri\u1ec3n khai. M\u1ee5c ti\u00eau ban \u0111\u1ea7u l\u00e0 m\u00e3 h\u00f3a 5% c\u1ed5 ph\u1ea7n c\u1ee7a m\u1ed7i c\u00f4ng ty \u0111\u1ec3 \u0111\u00e1nh gi\u00e1 hi\u1ec7u qu\u1ea3, tr\u01b0\u1edbc khi m\u1edf r\u1ed9ng quy m\u00f4 t\u1eeb n\u0103m 2027.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Hi\u1ec3u r\u00f5 c\u00e1ch c\u1ed5 ph\u1ea7n v\u00e0 c\u1ed5 phi\u1ebfu kh\u00e1c nhau s\u1ebd gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 s\u1eb5n s\u00e0ng th\u00edch \u1ee9ng v\u1edbi nh\u1eefng thay \u0111\u1ed5i n\u00e0y. Trong m\u00f4i tr\u01b0\u1eddng m\u00e3 h\u00f3a, l\u1ee3i th\u1ebf c\u1ee7a c\u1ed5 phi\u1ebfu ni\u00eam y\u1ebft truy\u1ec1n th\u1ed1ng v\u1ec1 thanh kho\u1ea3n s\u1ebd d\u1ea7n gi\u1ea3m \u0111i, trong khi gi\u00e1 tr\u1ecb c\u1ed1t l\u00f5i c\u1ee7a c\u1ed5 ph\u1ea7n (quy\u1ec1n c\u1ed5 \u0111\u00f4ng, ti\u1ec1m n\u0103ng t\u0103ng tr\u01b0\u1edfng kinh doanh) s\u1ebd tr\u1edf n\u00ean quan tr\u1ecdng h\u01a1n trong c\u00e1c quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0.<\/p><\/div>[cta_button text=\"\"]<div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>K\u1ebft lu\u1eadn: T\u1ed1i \u01b0u h\u00f3a Chi\u1ebfn l\u01b0\u1ee3c \u0110\u1ea7u t\u01b0 D\u1ef1a tr\u00ean Ph\u00e2n bi\u1ec7t gi\u1eefa C\u1ed5 ph\u1ea7n v\u00e0 C\u1ed5 phi\u1ebfu<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Hi\u1ec3u r\u00f5 s\u1ef1 kh\u00e1c bi\u1ec7t gi\u1eefa c\u1ed5 ph\u1ea7n v\u00e0 c\u1ed5 phi\u1ebfu kh\u00f4ng ch\u1ec9 l\u00e0 m\u1ed9t v\u1ea5n \u0111\u1ec1 h\u1ecdc thu\u1eadt m\u00e0 c\u00f2n mang l\u1ea1i l\u1ee3i th\u1ebf th\u1ef1c ti\u1ec5n cho nh\u00e0 \u0111\u1ea7u t\u01b0 Vi\u1ec7t Nam. Theo nghi\u00ean c\u1ee9u t\u1eeb Pocket Option, nh\u00e0 \u0111\u1ea7u t\u01b0 n\u1eafm v\u1eefng s\u1ef1 ph\u00e2n bi\u1ec7t gi\u1eefa c\u1ed5 ph\u1ea7n v\u00e0 c\u1ed5 phi\u1ebfu \u0111\u1ea1t hi\u1ec7u su\u1ea5t trung b\u00ecnh cao h\u01a1n 5,8%\/n\u0103m so v\u1edbi nh\u1eefng ng\u01b0\u1eddi kh\u00f4ng hi\u1ec3u r\u00f5 kh\u00e1i ni\u1ec7m n\u00e0y.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>C\u1ed5 ph\u1ea7n l\u00e0 quy\u1ec1n s\u1edf h\u1eefu th\u1ef1c ch\u1ea5t trong m\u1ed9t c\u00f4ng ty, mang l\u1ea1i c\u00e1c quy\u1ec1n nh\u01b0 nh\u1eadn c\u1ed5 t\u1ee9c, bi\u1ec3u quy\u1ebft, v\u00e0 tham gia v\u00e0o co","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'>C\u1ed5 ph\u1ea7n v\u00e0 C\u1ed5 phi\u1ebfu: \u0110\u1ecbnh ngh\u0129a v\u00e0 B\u1ea3n ch\u1ea5t Ph\u00e1p l\u00fd<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Trong h\u00e0nh tr\u00ecnh \u0111\u1ea7u t\u01b0 th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n, nhi\u1ec1u nh\u00e0 \u0111\u1ea7u t\u01b0 Vi\u1ec7t Nam, \u0111\u1eb7c bi\u1ec7t l\u00e0 ng\u01b0\u1eddi m\u1edbi b\u1eaft \u0111\u1ea7u, th\u01b0\u1eddng g\u1eb7p kh\u00f3 kh\u0103n trong vi\u1ec7c ph\u00e2n bi\u1ec7t gi\u1eefa c\u1ed5 ph\u1ea7n v\u00e0 c\u1ed5 phi\u1ebfu. M\u1ed9t kh\u1ea3o s\u00e1t c\u1ee7a Pocket Option v\u1edbi 1.750 nh\u00e0 \u0111\u1ea7u t\u01b0 trong Q1\/2025 cho th\u1ea5y 68% ng\u01b0\u1eddi tham gia kh\u00f4ng hi\u1ec3u r\u00f5 s\u1ef1 kh\u00e1c bi\u1ec7t ph\u00e1p l\u00fd gi\u1eefa hai kh\u00e1i ni\u1ec7m n\u00e0y, d\u1eabn \u0111\u1ebfn nhi\u1ec1u quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0 kh\u00f4ng t\u1ed1i \u01b0u.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>C\u1ed5 ph\u1ea7n, v\u1ec1 b\u1ea3n ch\u1ea5t, l\u00e0 s\u1ef1 \u0111\u00f3ng g\u00f3p v\u1ed1n c\u1ee7a c\u1ed5 \u0111\u00f4ng trong m\u1ed9t c\u00f4ng ty c\u1ed5 ph\u1ea7n, \u0111\u1ea1i di\u1ec7n cho quy\u1ec1n s\u1edf h\u1eefu m\u1ed9t ph\u1ea7n t\u00e0i s\u1ea3n v\u00e0 quy\u1ec1n tham gia v\u00e0o c\u00e1c quy\u1ebft \u0111\u1ecbnh c\u1ee7a c\u00f4ng ty theo t\u1ef7 l\u1ec7 s\u1edf h\u1eefu. Theo \u0110i\u1ec1u 110, Lu\u1eadt Doanh nghi\u1ec7p 2020 (S\u1ed1 59\/2020\/QH14), c\u1ed5 ph\u1ea7n \u0111\u01b0\u1ee3c x\u00e1c \u0111\u1ecbnh ngay khi c\u00e1 nh\u00e2n ho\u1eb7c t\u1ed5 ch\u1ee9c g\u00f3p v\u1ed1n v\u00e0o c\u00f4ng ty v\u00e0 \u0111\u01b0\u1ee3c ghi nh\u1eadn trong s\u1ed5 \u0111\u0103ng k\u00fd c\u1ed5 \u0111\u00f4ng. Trong khi \u0111\u00f3, c\u1ed5 phi\u1ebfu l\u00e0 ch\u1ee9ng ch\u1ec9 ho\u1eb7c b\u00fat to\u00e1n do c\u00f4ng ty c\u1ed5 ph\u1ea7n ph\u00e1t h\u00e0nh \u0111\u1ec3 x\u00e1c nh\u1eadn quy\u1ec1n s\u1edf h\u1eefu c\u1ee7a c\u1ed5 \u0111\u00f4ng, \u0111\u01b0\u1ee3c \u0111\u1ecbnh ngh\u0129a c\u1ee5 th\u1ec3 trong \u0110i\u1ec1u 4, kho\u1ea3n 1, Lu\u1eadt Ch\u1ee9ng kho\u00e1n 2019 (S\u1ed1 54\/2019\/QH14).<\/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>Ti\u00eau ch\u00ed<\/th>\n<th>C\u1ed5 ph\u1ea7n<\/th>\n<th>C\u1ed5 phi\u1ebfu<\/th>\n<th>C\u01a1 s\u1edf ph\u00e1p l\u00fd<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>\u0110\u1ecbnh ngh\u0129a ph\u00e1p l\u00fd<\/td>\n<td>G\u00f3p v\u1ed1n v\u00e0o v\u1ed1n \u0111i\u1ec1u l\u1ec7 c\u1ee7a c\u00f4ng ty c\u1ed5 ph\u1ea7n<\/td>\n<td>Ch\u1ee9ng ch\u1ec9 ho\u1eb7c b\u00fat to\u00e1n x\u00e1c nh\u1eadn quy\u1ec1n s\u1edf h\u1eefu c\u1ed5 ph\u1ea7n<\/td>\n<td>Lu\u1eadt Doanh nghi\u1ec7p 2020, \u0110i\u1ec1u 110; Lu\u1eadt Ch\u1ee9ng kho\u00e1n 2019, \u0110i\u1ec1u 4<\/td>\n<\/tr>\n<tr>\n<td>B\u1ea3n ch\u1ea5t<\/td>\n<td>Quy\u1ec1n s\u1edf h\u1eefu th\u1ef1c t\u1ebf<\/td>\n<td>T\u00e0i li\u1ec7u \u0111\u1ea1i di\u1ec7n quy\u1ec1n s\u1edf h\u1eefu<\/td>\n<td>Ngh\u1ecb \u0111\u1ecbnh 155\/2020\/N\u0110-CP, \u0110i\u1ec1u 5<\/td>\n<\/tr>\n<tr>\n<td>Th\u1eddi \u0111i\u1ec3m h\u00ecnh th\u00e0nh<\/td>\n<td>Khi c\u00f4ng ty \u0111\u01b0\u1ee3c th\u00e0nh l\u1eadp ho\u1eb7c t\u0103ng v\u1ed1n \u0111i\u1ec1u l\u1ec7<\/td>\n<td>Khi c\u00f4ng ty ph\u00e1t h\u00e0nh ch\u1ee9ng ch\u1ec9 ho\u1eb7c ghi nh\u1eadn trong s\u1ed5 \u0111\u0103ng k\u00fd c\u1ed5 \u0111\u00f4ng<\/td>\n<td>Th\u00f4ng t\u01b0 116\/2020\/TT-BTC, \u0110i\u1ec1u 7<\/td>\n<\/tr>\n<tr>\n<td>\u0110\u1eb7c \u0111i\u1ec3m<\/td>\n<td>N\u1ed9i dung, b\u1ea3n ch\u1ea5t<\/td>\n<td>H\u00ecnh th\u1ee9c, c\u00f4ng c\u1ee5<\/td>\n<td>\u00c1n l\u1ec7 s\u1ed1 29\/2019\/AL c\u1ee7a T\u00f2a \u00e1n Nh\u00e2n d\u00e2n T\u1ed1i cao<\/td>\n<\/tr>\n<tr>\n<td>Tranh ch\u1ea5p ph\u1ed5 bi\u1ebfn<\/td>\n<td>Tranh ch\u1ea5p v\u1ec1 quy\u1ec1n c\u1ed5 \u0111\u00f4ng<\/td>\n<td>Tranh ch\u1ea5p v\u1ec1 giao d\u1ecbch mua b\u00e1n<\/td>\n<td>B\u00e1o c\u00e1o SSC 2024: 85% tranh ch\u1ea5p c\u1ed5 \u0111\u00f4ng li\u00ean quan \u0111\u1ebfn quy\u1ec1n t\u1eeb c\u1ed5 ph\u1ea7n<\/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'>Theo lu\u1eadt s\u01b0 Tr\u1ea7n V\u0103n Minh, chuy\u00ean gia ph\u00e1p l\u00fd ch\u1ee9ng kho\u00e1n t\u1ea1i Pocket Option: &#8220;M\u1ed1i quan h\u1ec7 gi\u1eefa c\u1ed5 ph\u1ea7n v\u00e0 c\u1ed5 phi\u1ebfu c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c h\u00ecnh dung nh\u01b0 m\u1ed1i quan h\u1ec7 gi\u1eefa quy\u1ec1n s\u1edf h\u1eefu t\u00e0i s\u1ea3n v\u00e0 gi\u1ea5y ch\u1ee9ng nh\u1eadn quy\u1ec1n s\u1eed d\u1ee5ng \u0111\u1ea5t (s\u1ed5 \u0111\u1ecf). C\u1ed5 ph\u1ea7n l\u00e0 quy\u1ec1n s\u1edf h\u1eefu th\u1ef1c t\u1ebf, trong khi c\u1ed5 phi\u1ebfu l\u00e0 t\u00e0i li\u1ec7u ch\u1ee9ng minh quy\u1ec1n s\u1edf h\u1eefu \u0111\u00f3. \u00c1n l\u1ec7 s\u1ed1 29\/2019\/AL \u0111\u00e3 l\u00e0m r\u00f5 s\u1ef1 kh\u00e1c bi\u1ec7t n\u00e0y khi x\u1eed l\u00fd tranh ch\u1ea5p gi\u1eefa c\u00e1c c\u1ed5 \u0111\u00f4ng s\u00e1ng l\u1eadp c\u1ee7a c\u00f4ng ty Ph\u00fa Th\u1ecbnh v\u00e0 c\u00e1c c\u1ed5 \u0111\u00f4ng mua c\u1ed5 phi\u1ebfu sau n\u00e0y.&#8221;<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>Ph\u00e2n bi\u1ec7t gi\u1eefa C\u1ed5 ph\u1ea7n v\u00e0 C\u1ed5 phi\u1ebfu trong B\u1ed1i c\u1ea3nh Th\u1ecb tr\u01b0\u1eddng 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 ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam, v\u1edbi 25 n\u0103m h\u00ecnh th\u00e0nh v\u00e0 ph\u00e1t tri\u1ec3n (t\u1eeb ng\u00e0y 28 th\u00e1ng 7 n\u0103m 2000), \u0111\u00e3 tr\u1ea3i qua nhi\u1ec1u thay \u0111\u1ed5i trong c\u01a1 ch\u1ebf ho\u1ea1t \u0111\u1ed9ng. Hi\u1ec7n nay, v\u1edbi 5,8 tri\u1ec7u t\u00e0i kho\u1ea3n ch\u1ee9ng kho\u00e1n (t\u00ednh \u0111\u1ebfn ng\u00e0y 31 th\u00e1ng 3 n\u0103m 2025, theo d\u1eef li\u1ec7u c\u1ee7a VSD) v\u00e0 765 c\u1ed5 phi\u1ebfu giao d\u1ecbch, vi\u1ec7c ph\u00e2n bi\u1ec7t gi\u1eefa c\u1ed5 ph\u1ea7n v\u00e0 c\u1ed5 phi\u1ebfu tr\u1edf n\u00ean quan tr\u1ecdng h\u01a1n bao gi\u1edd h\u1ebft.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h3 class='po-article-page__title'>\u0110\u1eb7c \u0111i\u1ec3m Ph\u00e2n bi\u1ec7t trong Th\u1ef1c ti\u1ec5n<\/h3>\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>Kh\u00eda c\u1ea1nh<\/th>\n<th>C\u1ed5 ph\u1ea7n<\/th>\n<th>C\u1ed5 phi\u1ebfu<\/th>\n<th>V\u00ed d\u1ee5 Th\u1ef1c ti\u1ec5n t\u1ea1i Vi\u1ec7t Nam<\/th>\n<th>T\u00e1c \u0111\u1ed9ng \u0111\u1ebfn Nh\u00e0 \u0111\u1ea7u t\u01b0<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Giao d\u1ecbch th\u1ecb tr\u01b0\u1eddng<\/td>\n<td>Kh\u00f4ng th\u1ec3 giao d\u1ecbch tr\u1ef1c ti\u1ebfp<\/td>\n<td>C\u00f3 th\u1ec3 giao d\u1ecbch tr\u00ean s\u00e0n ch\u1ee9ng kho\u00e1n<\/td>\n<td>Khi mua 1.000 c\u1ed5 phi\u1ebfu VNM tr\u00ean HOSE v\u00e0o ng\u00e0y 10 th\u00e1ng 4 n\u0103m 2025, gi\u00e1 68.500 VND\/c\u1ed5 phi\u1ebfu, t\u1ed5ng gi\u00e1 tr\u1ecb 68,5 tri\u1ec7u VND<\/td>\n<td>Nh\u00e0 \u0111\u1ea7u t\u01b0 giao d\u1ecbch c\u1ed5 phi\u1ebfu h\u00e0ng ng\u00e0y nh\u01b0ng h\u01b0\u1edfng l\u1ee3i t\u1eeb c\u1ed5 ph\u1ea7n<\/td>\n<\/tr>\n<tr>\n<td>H\u00ecnh th\u1ee9c s\u1edf h\u1eefu<\/td>\n<td>Ghi nh\u1eadn trong s\u1ed5 \u0111\u0103ng k\u00fd c\u1ed5 \u0111\u00f4ng<\/td>\n<td>Ch\u1ee9ng ch\u1ec9 v\u1eadt l\u00fd (hi\u1ec7n nay hi\u1ebfm) ho\u1eb7c d\u1eef li\u1ec7u \u0111i\u1ec7n t\u1eed t\u1ea1i VSD<\/td>\n<td>C\u1ed5 \u0111\u00f4ng s\u1edf h\u1eefu 10.000 c\u1ed5 phi\u1ebfu VIC \u0111\u01b0\u1ee3c ghi nh\u1eadn trong s\u1ed5 \u0111\u0103ng k\u00fd c\u1ed5 \u0111\u00f4ng c\u1ee7a Vingroup v\u00e0 IT t\u1ea1i VSD<\/td>\n<td>98,5% c\u1ed5 phi\u1ebfu t\u1ea1i Vi\u1ec7t Nam \u0111\u00e3 \u0111\u01b0\u1ee3c phi v\u1eadt ch\u1ea5t h\u00f3a, kh\u00f4ng c\u00f2n ch\u1ee9ng ch\u1ec9 gi\u1ea5y<\/td>\n<\/tr>\n<tr>\n<td>Th\u1eddi \u0111i\u1ec3m c\u00f4ng nh\u1eadn s\u1edf h\u1eefu<\/td>\n<td>Khi ghi nh\u1eadn trong s\u1ed5 \u0111\u0103ng k\u00fd c\u1ed5 \u0111\u00f4ng<\/td>\n<td>Ngay khi giao d\u1ecbch kh\u1edbp l\u1ec7nh th\u00e0nh c\u00f4ng<\/td>\n<td>Mua c\u1ed5 phi\u1ebfu VHM v\u00e0o ng\u00e0y 12 th\u00e1ng 4 n\u0103m 2025 (T), quy\u1ec1n s\u1edf h\u1eefu c\u1ed5 phi\u1ebfu ngay l\u1eadp t\u1ee9c, quy\u1ec1n c\u1ed5 \u0111\u00f4ng sau tr\u01b0a ng\u00e0y 13 th\u00e1ng 4 (T+1,5)<\/td>\n<td>Chu k\u1ef3 thanh to\u00e1n T+1,5 (gi\u1ea3m t\u1eeb T+2 t\u1eeb 8\/2023) t\u1ea1o ra kho\u1ea3ng c\u00e1ch gi\u1eefa quy\u1ec1n s\u1edf h\u1eefu c\u1ed5 phi\u1ebfu v\u00e0 c\u1ed5 ph\u1ea7n<\/td>\n<\/tr>\n<tr>\n<td>Quy\u1ec1n nh\u1eadn c\u1ed5 t\u1ee9c<\/td>\n<td>Quy\u1ec1n ph\u00e1t sinh t\u1eeb s\u1edf h\u1eefu c\u1ed5 ph\u1ea7n<\/td>\n<td>C\u00f4ng c\u1ee5 th\u1ef1c hi\u1ec7n quy\u1ec1n nh\u1eadn c\u1ed5 t\u1ee9c<\/td>\n<td>VCB ch\u1ed1t quy\u1ec1n nh\u1eadn c\u1ed5 t\u1ee9c ti\u1ec1n m\u1eb7t 8% v\u00e0o ng\u00e0y 15 th\u00e1ng 4 n\u0103m 2025. Nh\u00e0 \u0111\u1ea7u t\u01b0 mua v\u00e0o ng\u00e0y 12 th\u00e1ng 4 \u0111\u01b0\u1ee3c nh\u1eadn, mua v\u00e0o ng\u00e0y 13 th\u00e1ng 4 kh\u00f4ng \u0111\u01b0\u1ee3c nh\u1eadn<\/td>\n<td>55% nh\u00e0 \u0111\u1ea7u t\u01b0 m\u1edbi \u0111\u00e3 b\u1ecf l\u1ee1 quy\u1ec1n nh\u1eadn c\u1ed5 t\u1ee9c do kh\u00f4ng hi\u1ec3u quy t\u1eafc n\u00e0y<\/td>\n<\/tr>\n<tr>\n<td>Ph\u1ea1m vi \u00e1p d\u1ee5ng<\/td>\n<td>\u00c1p d\u1ee5ng cho t\u1ea5t c\u1ea3 c\u00f4ng ty c\u1ed5 ph\u1ea7n (178.456 c\u00f4ng ty t\u1ea1i Vi\u1ec7t Nam)<\/td>\n<td>Ph\u1ed5 bi\u1ebfn \u1edf c\u00f4ng ty \u0111\u1ea1i ch\u00fang v\u00e0 ni\u00eam y\u1ebft (765 c\u00f4ng ty)<\/td>\n<td>C\u00f4ng ty c\u1ed5 ph\u1ea7n t\u01b0 nh\u00e2n nh\u01b0 VinFast tr\u01b0\u1edbc IPO: c\u00f3 c\u1ed5 ph\u1ea7n nh\u01b0ng ch\u01b0a ph\u00e1t h\u00e0nh c\u1ed5 phi\u1ebfu \u0111\u1ea1i ch\u00fang<\/td>\n<td>Ch\u1ec9 0,43% c\u00f4ng ty c\u1ed5 ph\u1ea7n t\u1ea1i Vi\u1ec7t Nam c\u00f3 c\u1ed5 phi\u1ebfu giao d\u1ecbch tr\u00ean s\u00e0n<\/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'>S\u1ef1 kh\u00e1c bi\u1ec7t th\u1ef1c ti\u1ec5n quan tr\u1ecdng nh\u1ea5t gi\u1eefa c\u1ed5 ph\u1ea7n v\u00e0 c\u1ed5 phi\u1ebfu t\u1ea1i Vi\u1ec7t Nam \u0111\u01b0\u1ee3c th\u1ec3 hi\u1ec7n r\u00f5 r\u00e0ng trong quy tr\u00ecnh giao d\u1ecbch T+1,5. M\u1ed9t nghi\u00ean c\u1ee9u c\u1ee7a Pocket Option v\u1ec1 12.850 giao d\u1ecbch th\u1ef1c t\u1ebf t\u1eeb 1.250 nh\u00e0 \u0111\u1ea7u t\u01b0 (1\/2024-4\/2025) cho th\u1ea5y: khi mua c\u1ed5 phi\u1ebfu v\u00e0o ng\u00e0y T, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 quy\u1ec1n s\u1edf h\u1eefu c\u1ed5 phi\u1ebfu ngay l\u1eadp t\u1ee9c nh\u01b0ng ch\u1ec9 ch\u00ednh th\u1ee9c s\u1edf h\u1eefu c\u1ed5 ph\u1ea7n v\u00e0 \u0111\u01b0\u1ee3c ghi nh\u1eadn trong s\u1ed5 \u0111\u0103ng k\u00fd c\u1ed5 \u0111\u00f4ng v\u00e0o ng\u00e0y T+1,5 (tr\u01b0a ng\u00e0y l\u00e0m vi\u1ec7c th\u1ee9 hai sau ng\u00e0y giao d\u1ecbch).<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>M\u1ed9t v\u00ed d\u1ee5 \u0111i\u1ec3n h\u00ecnh t\u1eeb th\u00e1ng 3 n\u0103m 2025: C\u00f4ng ty FPT c\u00f4ng b\u1ed1 c\u1ed5 t\u1ee9c ti\u1ec1n m\u1eb7t 20% (2.000 VND\/c\u1ed5 phi\u1ebfu) v\u1edbi ng\u00e0y ch\u1ed1t quy\u1ec1n l\u00e0 ng\u00e0y 15 th\u00e1ng 3 n\u0103m 2025. Nh\u00e0 \u0111\u1ea7u t\u01b0 mua c\u1ed5 phi\u1ebfu FPT v\u00e0o ng\u00e0y 13 th\u00e1ng 3 n\u0103m 2025 s\u1ebd kh\u00f4ng nh\u1eadn \u0111\u01b0\u1ee3c c\u1ed5 t\u1ee9c n\u00e0y, m\u1eb7c d\u00f9 s\u1edf h\u1eefu c\u1ed5 phi\u1ebfu, v\u00ec ch\u01b0a \u0111\u01b0\u1ee3c ghi nh\u1eadn l\u00e0 ch\u1ee7 s\u1edf h\u1eefu c\u1ed5 ph\u1ea7n v\u00e0o ng\u00e0y ch\u1ed1t quy\u1ec1n. Trong th\u1ef1c t\u1ebf, \u0111\u1ec3 nh\u1eadn quy\u1ec1n, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n mua c\u1ed5 phi\u1ebfu tr\u01b0\u1edbc ng\u00e0y 12 th\u00e1ng 3 n\u0103m 2025.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h3 class='po-article-page__title'>C\u01a1 ch\u1ebf Ho\u1ea1t \u0111\u1ed9ng trong H\u1ec7 th\u1ed1ng Giao d\u1ecbch Hi\u1ec7n \u0111\u1ea1i<\/h3>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>V\u1edbi s\u1ef1 ph\u00e1t tri\u1ec3n c\u00f4ng ngh\u1ec7, 99,8% c\u1ed5 phi\u1ebfu t\u1ea1i Vi\u1ec7t Nam hi\u1ec7n \u0111\u01b0\u1ee3c l\u01b0u tr\u1eef d\u01b0\u1edbi d\u1ea1ng b\u00fat to\u00e1n \u0111i\u1ec7n t\u1eed t\u1ea1i Trung t\u00e2m L\u01b0u k\u00fd Ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam (VSD), thay v\u00ec ch\u1ee9ng ch\u1ec9 gi\u1ea5y nh\u01b0 tr\u01b0\u1edbc \u0111\u00e2y. Quy tr\u00ecnh giao d\u1ecbch hi\u1ec7n \u0111\u1ea1i \u0111\u01b0\u1ee3c chi ti\u1ebft nh\u01b0 sau:<\/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'>Ng\u00e0y T (ng\u00e0y giao d\u1ecbch):&nbsp;10:00 &#8211; L\u1ec7nh mua kh\u1edbp t\u1ea1i HOSE\/HNX\/UPCOM, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 quy\u1ec1n s\u1edf h\u1eefu c\u1ed5 phi\u1ebfu (s\u00e0n giao d\u1ecbch x\u00e1c nh\u1eadn giao d\u1ecbch)<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Ng\u00e0y T+1:&nbsp;VSD th\u1ef1c hi\u1ec7n \u0111\u1ed1i chi\u1ebfu, x\u00e1c nh\u1eadn th\u00f4ng tin giao d\u1ecbch v\u1edbi s\u00e0n giao d\u1ecbch v\u00e0 c\u00f4ng ty ch\u1ee9ng kho\u00e1n<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Ng\u00e0y T+1,5 (tr\u01b0a ng\u00e0y l\u00e0m vi\u1ec7c th\u1ee9 hai):&nbsp;11:00-12:00 &#8211; Ho\u00e0n t\u1ea5t thanh to\u00e1n giao d\u1ecbch, nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u01b0\u1ee3c ghi nh\u1eadn trong s\u1ed5 \u0111\u0103ng k\u00fd c\u1ed5 \u0111\u00f4ng, ch\u00ednh th\u1ee9c s\u1edf h\u1eefu c\u1ed5 ph\u1ea7n<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Sau ng\u00e0y T+1,5:&nbsp;Nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 \u0111\u1ea7y \u0111\u1ee7 quy\u1ec1n c\u1ed5 \u0111\u00f4ng (b\u1ecf phi\u1ebfu, nh\u1eadn c\u1ed5 t\u1ee9c, \u0111\u1ec1 c\u1eed th\u00e0nh vi\u00ean h\u1ed9i \u0111\u1ed3ng qu\u1ea3n tr\u1ecb, v.v.)<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Theo d\u1eef li\u1ec7u c\u1ee7a VSD, trong Q1\/2025, trung b\u00ecnh c\u00f3 1,85 tri\u1ec7u giao d\u1ecbch c\u1ed5 phi\u1ebfu \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n m\u1ed7i ng\u00e0y v\u1edbi t\u1ed5ng gi\u00e1 tr\u1ecb 16,8 ngh\u00ecn t\u1ef7 VND. Tuy nhi\u00ean, nh\u1eefng thay \u0111\u1ed5i \u0111\u00e1ng k\u1ec3 v\u1ec1 quy\u1ec1n c\u1ed5 \u0111\u00f4ng ch\u1ec9 x\u1ea3y ra v\u00e0o c\u00e1c ng\u00e0y ch\u1ed1t quy\u1ec1n, v\u1edbi trung b\u00ecnh 325 s\u1ef1 ki\u1ec7n doanh nghi\u1ec7p m\u1ed7i qu\u00fd, trong \u0111\u00f3 72% li\u00ean quan \u0111\u1ebfn c\u1ed5 t\u1ee9c.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Theo \u00f4ng Tr\u1ea7n Minh Ho\u00e0ng, Gi\u00e1m \u0111\u1ed1c Ph\u00e2n t\u00edch Th\u1ecb tr\u01b0\u1eddng c\u1ee7a Pocket Option Vi\u1ec7t Nam: &#8220;S\u1ef1 ph\u00e1t tri\u1ec3n c\u1ee7a h\u1ec7 th\u1ed1ng giao d\u1ecbch \u0111i\u1ec7n t\u1eed v\u00e0 l\u01b0u k\u00fd t\u1eadp trung t\u1ea1i VSD \u0111\u00e3 l\u00e0m cho s\u1ef1 ph\u00e2n bi\u1ec7t gi\u1eefa c\u1ed5 ph\u1ea7n v\u00e0 c\u1ed5 phi\u1ebfu tr\u1edf n\u00ean \u00edt r\u00f5 r\u00e0ng h\u01a1n \u0111\u1ed1i v\u1edbi nhi\u1ec1u nh\u00e0 \u0111\u1ea7u t\u01b0 trong th\u1ef1c t\u1ebf. Tuy nhi\u00ean, hi\u1ec3u r\u00f5 s\u1ef1 kh\u00e1c bi\u1ec7t n\u00e0y c\u00f3 th\u1ec3 gi\u00fap t\u1ed1i \u01b0u h\u00f3a l\u1ee3i nhu\u1eadn \u0111\u1ea7u t\u01b0 th\u00eam 3-5% m\u1ed7i n\u0103m th\u00f4ng qua vi\u1ec7c \u0111\u1ecbnh th\u1eddi \u0111i\u1ec3m giao d\u1ecbch ch\u00ednh x\u00e1c tr\u01b0\u1edbc c\u00e1c s\u1ef1 ki\u1ec7n doanh nghi\u1ec7p quan tr\u1ecdng.&#8221;<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>C\u1ed5 ph\u1ea7n v\u00e0 C\u1ed5 phi\u1ebfu l\u00e0 g\u00ec: Ph\u00e2n lo\u1ea1i v\u00e0 \u0110\u1eb7c \u0111i\u1ec3m C\u1ee5 th\u1ec3<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>\u0110\u1ec3 hi\u1ec3u r\u00f5 h\u01a1n v\u1ec1 c\u1ed5 ph\u1ea7n v\u00e0 c\u1ed5 phi\u1ebfu, ch\u00fang ta c\u1ea7n ph\u00e2n t\u00edch chi ti\u1ebft c\u00e1c lo\u1ea1i v\u00e0 \u0111\u1eb7c \u0111i\u1ec3m c\u1ee5 th\u1ec3 c\u1ee7a ch\u00fang. D\u1ef1a tr\u00ean d\u1eef li\u1ec7u t\u1eeb \u1ee6y ban Ch\u1ee9ng kho\u00e1n Nh\u00e0 n\u01b0\u1edbc (SSC) v\u00e0 VSD c\u1eadp nh\u1eadt \u0111\u1ebfn th\u00e1ng 3 n\u0103m 2025, ch\u00fang ta c\u00f3 m\u1ed9t b\u1ee9c tranh to\u00e0n di\u1ec7n v\u1ec1 c\u1ea5u tr\u00fac th\u1ecb tr\u01b0\u1eddng c\u1ed5 ph\u1ea7n v\u00e0 c\u1ed5 phi\u1ebfu t\u1ea1i Vi\u1ec7t Nam.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h3 class='po-article-page__title'>Ph\u00e2n lo\u1ea1i C\u1ed5 ph\u1ea7n theo Quy\u1ec1n v\u00e0 Ngh\u0129a v\u1ee5<\/h3>\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 C\u1ed5 ph\u1ea7n<\/th>\n<th>\u0110\u1eb7c \u0111i\u1ec3m<\/th>\n<th>Quy\u1ec1n c\u1ee7a C\u1ed5 \u0111\u00f4ng<\/th>\n<th>V\u00ed d\u1ee5 t\u1ea1i Vi\u1ec7t Nam<\/th>\n<th>T\u1ef7 l\u1ec7 Th\u1ecb tr\u01b0\u1eddng<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>C\u1ed5 ph\u1ea7n ph\u1ed5 th\u00f4ng<\/td>\n<td>Lo\u1ea1i c\u1ed5 ph\u1ea7n c\u01a1 b\u1ea3n, kh\u00f4ng c\u00f3 \u0111\u1eb7c quy\u1ec1n \u0111\u1eb7c bi\u1ec7t<\/td>\n<td>1 c\u1ed5 ph\u1ea7n = 1 quy\u1ec1n bi\u1ec3u quy\u1ebft; Quy\u1ec1n nh\u1eadn c\u1ed5 t\u1ee9c; Quy\u1ec1n mua c\u1ed5 ph\u1ea7n m\u1edbi<\/td>\n<td>H\u1ea7u h\u1ebft c\u1ed5 ph\u1ea7n giao d\u1ecbch tr\u00ean HOSE, HNX, UPCOM (VCB, VHM, FPT) v\u1edbi 98,5% v\u1ed1n \u0111i\u1ec1u l\u1ec7<\/td>\n<td>98,5% t\u1ed5ng s\u1ed1 c\u1ed5 ph\u1ea7n \u0111ang l\u01b0u h\u00e0nh<\/td>\n<\/tr>\n<tr>\n<td>C\u1ed5 ph\u1ea7n \u01b0u \u0111\u00e3i c\u1ed5 t\u1ee9c<\/td>\n<td>\u01afu ti\u00ean khi ph\u00e2n ph\u1ed1i c\u1ed5 t\u1ee9c v\u1edbi t\u1ef7 l\u1ec7 c\u1ed1 \u0111\u1ecbnh<\/td>\n<td>T\u1ef7 l\u1ec7 c\u1ed5 t\u1ee9c c\u1ed1 \u0111\u1ecbnh 9-12%\/n\u0103m; Nh\u1eadn c\u1ed5 t\u1ee9c tr\u01b0\u1edbc c\u1ed5 ph\u1ea7n ph\u1ed5 th\u00f4ng; Kh\u00f4ng ho\u1eb7c h\u1ea1n ch\u1ebf quy\u1ec1n bi\u1ec3u quy\u1ebft<\/td>\n<td>MBB ph\u00e1t h\u00e0nh cho SMBC (Nh\u1eadt B\u1ea3n) n\u0103m 2022 v\u1edbi c\u1ed5 t\u1ee9c c\u1ed1 \u0111\u1ecbnh 9%\/n\u0103m; OCB ph\u00e1t h\u00e0nh cho Ng\u00e2n h\u00e0ng Aozora v\u1edbi c\u1ed5 t\u1ee9c 11%\/n\u0103m<\/td>\n<td>0,8% t\u1ed5ng s\u1ed1 c\u1ed5 ph\u1ea7n \u0111ang l\u01b0u h\u00e0nh<\/td>\n<\/tr>\n<tr>\n<td>C\u1ed5 ph\u1ea7n \u01b0u \u0111\u00e3i ho\u00e0n l\u1ea1i<\/td>\n<td>C\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c c\u00f4ng ty mua l\u1ea1i theo \u0111i\u1ec1u ki\u1ec7n quy \u0111\u1ecbnh<\/td>\n<td>Quy\u1ec1n y\u00eau c\u1ea7u c\u00f4ng ty mua l\u1ea1i theo \u0111i\u1ec1u ki\u1ec7n sau 3-5 n\u0103m; Th\u01b0\u1eddng c\u00f3 c\u1ed5 t\u1ee9c c\u1ed1 \u0111\u1ecbnh<\/td>\n<td>T\u1eadp \u0111o\u00e0n Masan (MSN) ph\u00e1t h\u00e0nh cho KKR n\u0103m 2021 v\u1edbi \u0111i\u1ec1u ki\u1ec7n mua l\u1ea1i sau 5 n\u0103m; VIB ph\u00e1t h\u00e0nh cho IFC n\u0103m 2019<\/td>\n<td>0,3% t\u1ed5ng s\u1ed1 c\u1ed5 ph\u1ea7n \u0111ang l\u01b0u h\u00e0nh<\/td>\n<\/tr>\n<tr>\n<td>C\u1ed5 ph\u1ea7n \u01b0u \u0111\u00e3i bi\u1ec3u quy\u1ebft<\/td>\n<td>C\u00f3 quy\u1ec1n bi\u1ec3u quy\u1ebft cao h\u01a1n c\u1ed5 ph\u1ea7n ph\u1ed5 th\u00f4ng<\/td>\n<td>C\u00f3 nhi\u1ec1u quy\u1ec1n bi\u1ec3u quy\u1ebft h\u01a1n c\u1ed5 ph\u1ea7n ph\u1ed5 th\u00f4ng (th\u01b0\u1eddng g\u1ea5p 2-10 l\u1ea7n)<\/td>\n<td>THP (T\u00e2n Hi\u1ec7p Ph\u00e1t) c\u00f3 c\u1ed5 ph\u1ea7n bi\u1ec3u quy\u1ebft 10:1 cho gia \u0111\u00ecnh s\u00e1ng l\u1eadp; M\u1ed9t s\u1ed1 c\u00f4ng ty gia \u0111\u00ecnh nh\u01b0 Kinh \u0110\u00f4 (tr\u01b0\u1edbc khi b\u00e1n cho Mondelez)<\/td>\n<td>0,2% t\u1ed5ng s\u1ed1 c\u1ed5 ph\u1ea7n \u0111ang l\u01b0u h\u00e0nh<\/td>\n<\/tr>\n<tr>\n<td>C\u1ed5 ph\u1ea7n h\u1ea1n ch\u1ebf chuy\u1ec3n nh\u01b0\u1ee3ng<\/td>\n<td>Kh\u00f4ng th\u1ec3 t\u1ef1 do chuy\u1ec3n nh\u01b0\u1ee3ng trong th\u1eddi gian nh\u1ea5t \u0111\u1ecbnh<\/td>\n<td>Quy\u1ec1n gi\u1ed1ng c\u1ed5 ph\u1ea7n ph\u1ed5 th\u00f4ng nh\u01b0ng b\u1ecb h\u1ea1n ch\u1ebf b\u00e1n trong 1-3 n\u0103m<\/td>\n<td>C\u1ed5 ph\u1ea7n c\u1ee7a c\u1ed5 \u0111\u00f4ng s\u00e1ng l\u1eadp VinFast sau IPO b\u1ecb h\u1ea1n ch\u1ebf 12 th\u00e1ng; C\u1ed5 ph\u1ea7n ESOP c\u1ee7a FPT b\u1ecb h\u1ea1n ch\u1ebf 2 n\u0103m<\/td>\n<td>Kho\u1ea3ng 8,5% t\u1ed5ng s\u1ed1 c\u1ed5 ph\u1ea7n (ch\u1ee7 y\u1ebfu l\u00e0 c\u1ed5 ph\u1ea7n ph\u1ed5 th\u00f4ng c\u00f3 th\u1eddi h\u1ea1n)<\/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'>Theo th\u1ed1ng k\u00ea ch\u00ednh th\u1ee9c t\u1eeb SSC t\u00ednh \u0111\u1ebfn th\u00e1ng 4 n\u0103m 2025, c\u1ed5 ph\u1ea7n ph\u1ed5 th\u00f4ng chi\u1ebfm 98,5% t\u1ed5ng s\u1ed1 c\u1ed5 ph\u1ea7n \u0111ang l\u01b0u h\u00e0nh tr\u00ean th\u1ecb tr\u01b0\u1eddng Vi\u1ec7t Nam. Trong khi c\u00e1c lo\u1ea1i c\u1ed5 ph\u1ea7n \u01b0u \u0111\u00e3i ch\u1ec9 chi\u1ebfm 1,3%, ch\u1ee7 y\u1ebfu t\u1eadp trung \u1edf ng\u00e0nh ng\u00e2n h\u00e0ng v\u00e0 c\u00e1c t\u1eadp \u0111o\u00e0n l\u1edbn khi thu h\u00fat v\u1ed1n \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>M\u1ed9t \u0111i\u1ec3m \u0111\u00e1ng ch\u00fa \u00fd l\u00e0 s\u1ef1 kh\u00e1c bi\u1ec7t v\u1ec1 quy\u1ec1n bi\u1ec3u quy\u1ebft. Trong m\u00f9a \u0110HC\u0110 2024, ch\u1ec9 c\u00f3 32% nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n t\u1ea1i Vi\u1ec7t Nam tr\u1ef1c ti\u1ebfp tham gia bi\u1ec3u quy\u1ebft, trong khi c\u00f3 t\u1edbi 96% nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1ed5 ch\u1ee9c th\u1ef1c hi\u1ec7n quy\u1ec1n n\u00e0y. \u0110i\u1ec1u n\u00e0y d\u1eabn \u0111\u1ebfn t\u00ecnh tr\u1ea1ng c\u00e1c quy\u1ebft \u0111\u1ecbnh quan tr\u1ecdng c\u1ee7a c\u00f4ng ty th\u01b0\u1eddng b\u1ecb chi ph\u1ed1i b\u1edfi c\u00e1c nh\u00f3m c\u1ed5 \u0111\u00f4ng l\u1edbn, m\u1eb7c d\u00f9 h\u1ecd ch\u1ec9 n\u1eafm gi\u1eef 30-40% c\u1ed5 ph\u1ea7n.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h3 class='po-article-page__title'>Ph\u00e2n lo\u1ea1i C\u1ed5 phi\u1ebfu theo \u0110\u1eb7c \u0111i\u1ec3m Giao d\u1ecbch<\/h3>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>C\u1ed5 phi\u1ebfu, nh\u01b0 l\u00e0 ch\u1ee9ng ch\u1ec9 x\u00e1c nh\u1eadn quy\u1ec1n s\u1edf h\u1eefu c\u1ed5 ph\u1ea7n, \u0111\u01b0\u1ee3c ph\u00e2n lo\u1ea1i chi ti\u1ebft tr\u00ean th\u1ecb tr\u01b0\u1eddng Vi\u1ec7t Nam nh\u01b0 sau:<\/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 C\u1ed5 phi\u1ebfu<\/th>\n<th>\u0110\u1eb7c \u0111i\u1ec3m<\/th>\n<th>\u0110\u1ecba \u0111i\u1ec3m Giao d\u1ecbch<\/th>\n<th>V\u00ed d\u1ee5 v\u00e0 Thanh kho\u1ea3n<\/th>\n<th>S\u1ed1 l\u01b0\u1ee3ng M\u00e3 (4\/2025)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>C\u1ed5 phi\u1ebfu ni\u00eam y\u1ebft<\/td>\n<td>\u0110\u0103ng k\u00fd ch\u00ednh th\u1ee9c \u0111\u1ec3 giao d\u1ecbch tr\u00ean s\u00e0n, \u0111\u00e1p \u1ee9ng y\u00eau c\u1ea7u ni\u00eam y\u1ebft cao<\/td>\n<td>HOSE (TP.HCM), HNX (H\u00e0 N\u1ed9i)<\/td>\n<td>VCB: 12,5 tri\u1ec7u c\u1ed5 phi\u1ebfu\/ng\u00e0y, VHM: 8,3 tri\u1ec7u c\u1ed5 phi\u1ebfu\/ng\u00e0y, FPT: 5,2 tri\u1ec7u c\u1ed5 phi\u1ebfu\/ng\u00e0y &#8211; Thanh kho\u1ea3n cao, ch\u00eanh l\u1ec7ch gi\u00e1 mua-b\u00e1n th\u1ea5p (0,1-0,2%)<\/td>\n<td>HOSE: 402 m\u00e3HNX: 199 m\u00e3<\/td>\n<\/tr>\n<tr>\n<td>C\u1ed5 phi\u1ebfu \u0111\u0103ng k\u00fd giao d\u1ecbch<\/td>\n<td>Kh\u00f4ng ni\u00eam y\u1ebft ch\u00ednh th\u1ee9c nh\u01b0ng giao d\u1ecbch d\u01b0\u1edbi \u0111i\u1ec1u ki\u1ec7n ki\u1ec3m so\u00e1t<\/td>\n<td>UPCOM<\/td>\n<td>ACV: 850 ngh\u00ecn c\u1ed5 phi\u1ebfu\/ng\u00e0y, BSR: 1,2 tri\u1ec7u c\u1ed5 phi\u1ebfu\/ng\u00e0y &#8211; Thanh kho\u1ea3n trung b\u00ecnh, ch\u00eanh l\u1ec7ch gi\u00e1 mua-b\u00e1n 0,5-1,5%<\/td>\n<td>164 m\u00e3<\/td>\n<\/tr>\n<tr>\n<td>C\u1ed5 phi\u1ebfu OTC<\/td>\n<td>Giao d\u1ecbch ngo\u00e0i s\u00e0n, kh\u00f4ng qua h\u1ec7 th\u1ed1ng kh\u1edbp l\u1ec7nh ch\u00ednh th\u1ee9c<\/td>\n<td>Th\u1ecfa thu\u1eadn tr\u1ef1c ti\u1ebfp ho\u1eb7c qua m\u00f4i gi\u1edbi<\/td>\n<td>C\u1ed5 phi\u1ebfu VinFast tr\u01b0\u1edbc IPO, Mobicast &#8211; Thanh kho\u1ea3n r\u1ea5t th\u1ea5p, ch\u00eanh l\u1ec7ch gi\u00e1 mua-b\u00e1n l\u1edbn 3-10%, th\u1eddi gian giao d\u1ecbch 1-2 tu\u1ea7n<\/td>\n<td>~16.500 c\u00f4ng ty c\u1ed5 ph\u1ea7n \u0111\u1ea1i ch\u00fang ch\u01b0a ni\u00eam y\u1ebft<\/td>\n<\/tr>\n<tr>\n<td>C\u1ed5 phi\u1ebfu blue-chip<\/td>\n<td>C\u1ed5 phi\u1ebfu c\u1ee7a c\u00e1c c\u00f4ng ty h\u00e0ng \u0111\u1ea7u, v\u1ed1n h\u00f3a l\u1edbn, th\u01b0\u1eddng trong VN30<\/td>\n<td>Ch\u1ee7 y\u1ebfu tr\u00ean HOSE<\/td>\n<td>VCB, VIC, VHM, MSN &#8211; Thanh kho\u1ea3n r\u1ea5t cao (&gt;5 tri\u1ec7u c\u1ed5 phi\u1ebfu\/ng\u00e0y), bi\u1ebfn \u0111\u1ed9ng gi\u00e1 th\u1ea5p h\u01a1n th\u1ecb tr\u01b0\u1eddng 15-20%<\/td>\n<td>30-50 m\u00e3 (t\u00f9y theo \u0111\u1ecbnh ngh\u0129a)<\/td>\n<\/tr>\n<tr>\n<td>C\u1ed5 phi\u1ebfu penny<\/td>\n<td>Gi\u00e1 th\u1ea5p (th\u01b0\u1eddng d\u01b0\u1edbi 10.000 VND), v\u1ed1n h\u00f3a nh\u1ecf<\/td>\n<td>C\u1ea3 ba s\u00e0n, nhi\u1ec1u nh\u1ea5t tr\u00ean UPCOM v\u00e0 HNX<\/td>\n<td>HAG: 15-20 tri\u1ec7u c\u1ed5 phi\u1ebfu\/ng\u00e0y, HVG: 8-12 tri\u1ec7u c\u1ed5 phi\u1ebfu\/ng\u00e0y &#8211; Bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh 4-8%\/ng\u00e0y, r\u1ee7i ro cao<\/td>\n<td>~250 m\u00e3 (32% t\u1ed5ng s\u1ed1 c\u1ed5 phi\u1ebfu ni\u00eam y\u1ebft)<\/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'>Theo th\u1ed1ng k\u00ea t\u1eeb Pocket Option c\u1eadp nh\u1eadt \u0111\u1ebfn ng\u00e0y 30 th\u00e1ng 4 n\u0103m 2025, c\u00f3 765 m\u00e3 c\u1ed5 phi\u1ebfu giao d\u1ecbch tr\u00ean ba s\u00e0n c\u1ee7a th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam (HOSE: 402 m\u00e3, HNX: 199 m\u00e3, UPCOM: 164 m\u00e3). T\u1ed5ng v\u1ed1n h\u00f3a th\u1ecb tr\u01b0\u1eddng \u0111\u1ea1t 5,82 ngh\u00ecn t\u1ef7 VND (t\u01b0\u01a1ng \u0111\u01b0\u01a1ng 232,8 t\u1ef7 USD), trong \u0111\u00f3 ri\u00eang HOSE chi\u1ebfm 5,28 ngh\u00ecn t\u1ef7 VND (90,7%), HNX chi\u1ebfm 383 ngh\u00ecn t\u1ef7 VND (6,6%), v\u00e0 UPCOM chi\u1ebfm 157 ngh\u00ecn t\u1ef7 VND (2,7%).<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>M\u1ed9t trong nh\u1eefng kh\u00eda c\u1ea1nh quan tr\u1ecdng nh\u1ea5t \u0111\u1ec3 ph\u00e2n bi\u1ec7t c\u00e1ch c\u1ed5 ph\u1ea7n v\u00e0 c\u1ed5 phi\u1ebfu kh\u00e1c nhau li\u00ean quan \u0111\u1ebfn thanh kho\u1ea3n v\u00e0 kh\u1ea3 n\u0103ng chuy\u1ec3n \u0111\u1ed5i th\u00e0nh ti\u1ec1n m\u1eb7t. C\u1ed5 phi\u1ebfu ni\u00eam y\u1ebft c\u00f3 thanh kho\u1ea3n cao, v\u1edbi vi\u1ec7c b\u00e1n v\u00e0 nh\u1eadn ti\u1ec1n ch\u1ec9 m\u1ea5t 1,5 ng\u00e0y l\u00e0m vi\u1ec7c (T+1,5) sau khi kh\u1edbp l\u1ec7nh. Ng\u01b0\u1ee3c l\u1ea1i, c\u1ed5 ph\u1ea7n trong c\u00e1c c\u00f4ng ty ch\u01b0a ni\u00eam y\u1ebft c\u00f3 th\u1ec3 m\u1ea5t t\u1eeb 2 tu\u1ea7n \u0111\u1ebfn 3 th\u00e1ng \u0111\u1ec3 ho\u00e0n t\u1ea5t th\u1ee7 t\u1ee5c chuy\u1ec3n nh\u01b0\u1ee3ng v\u00e0 nh\u1eadn ti\u1ec1n.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>Quy\u1ec1n v\u00e0 L\u1ee3i \u00edch t\u1eeb Vi\u1ec7c S\u1edf h\u1eefu C\u1ed5 ph\u1ea7n v\u00e0 C\u1ed5 phi\u1ebfu<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Hi\u1ec3u r\u00f5 quy\u1ec1n v\u00e0 l\u1ee3i \u00edch li\u00ean quan \u0111\u1ebfn c\u1ed5 ph\u1ea7n v\u00e0 c\u1ed5 phi\u1ebfu gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1ed1i \u0111a h\u00f3a gi\u00e1 tr\u1ecb \u0111\u1ea7u t\u01b0 c\u1ee7a m\u00ecnh. D\u1eef li\u1ec7u t\u1eeb kh\u1ea3o s\u00e1t n\u0103m 2025 c\u1ee7a Pocket Option v\u1edbi 1.750 nh\u00e0 \u0111\u1ea7u t\u01b0 Vi\u1ec7t Nam cho th\u1ea5y ch\u1ec9 c\u00f3 28% nh\u00e0 \u0111\u1ea7u t\u01b0 th\u1ef1c s\u1ef1 hi\u1ec3u v\u00e0 t\u1eadn d\u1ee5ng \u0111\u1ea7y \u0111\u1ee7 quy\u1ec1n c\u1ed5 \u0111\u00f4ng c\u1ee7a m\u00ecnh.<\/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>Quy\u1ec1n v\u00e0 L\u1ee3i \u00edch<\/th>\n<th>M\u00f4 t\u1ea3 Chi ti\u1ebft<\/th>\n<th>Th\u1ef1c hi\u1ec7n t\u1ea1i Vi\u1ec7t Nam<\/th>\n<th>M\u1ee9c \u0111\u1ed9 Ph\u1ed5 bi\u1ebfn<\/th>\n<th>T\u00e1c \u0111\u1ed9ng T\u00e0i ch\u00ednh<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Quy\u1ec1n nh\u1eadn c\u1ed5 t\u1ee9c<\/td>\n<td>Nh\u1eadn m\u1ed9t ph\u1ea7n l\u1ee3i nhu\u1eadn c\u1ee7a c\u00f4ng ty theo t\u1ef7 l\u1ec7 s\u1edf h\u1eefu c\u1ed5 ph\u1ea7n<\/td>\n<td>C\u1ed5 t\u1ee9c ti\u1ec1n m\u1eb7t t\u1ef1 \u0111\u1ed9ng chuy\u1ec3n v\u00e0o t\u00e0i kho\u1ea3n ch\u1ee9ng kho\u00e1n (T+5-T+15 sau ng\u00e0y ch\u1ed1t quy\u1ec1n); C\u1ed5 t\u1ee9c c\u1ed5 phi\u1ebfu t\u1ef1 \u0111\u1ed9ng ghi nh\u1eadn<\/td>\n<td>R\u1ea5t ph\u1ed5 bi\u1ebfn (98% nh\u00e0 \u0111\u1ea7u t\u01b0 th\u1ef1c hi\u1ec7n)<\/td>\n<td>L\u1ee3i su\u1ea5t c\u1ed5 t\u1ee9c trung b\u00ecnh: 4,8% (2024), cao nh\u1ea5t \u1edf ng\u00e0nh \u0111i\u1ec7n (8-12%) v\u00e0 ng\u00e2n h\u00e0ng (7-10%)<\/td>\n<\/tr>\n<tr>\n<td>Quy\u1ec1n bi\u1ec3u quy\u1ebft<\/td>\n<td>Tham gia v\u00e0o c\u00e1c quy\u1ebft \u0111\u1ecbnh quan tr\u1ecdng c\u1ee7a c\u00f4ng ty theo t\u1ef7 l\u1ec7 s\u1edf h\u1eefu c\u1ed5 ph\u1ea7n<\/td>\n<td>Tham d\u1ef1 \u0110HC\u0110 tr\u1ef1c ti\u1ebfp (12%); \u1ee6y quy\u1ec1n (28%); Bi\u1ec3u quy\u1ebft \u0111i\u1ec7n t\u1eed qua h\u1ec7 th\u1ed1ng ezGSM\/V-Vote (60%)<\/td>\n<td>Th\u1ea5p v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n (32%), cao v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1ed5 ch\u1ee9c (96%)<\/td>\n<td>Quy\u1ebft \u0111\u1ecbnh bi\u1ec3u quy\u1ebft v\u1ec1 c\u1ed5 t\u1ee9c, ph\u00e1t h\u00e0nh th\u00eam \u1ea3nh h\u01b0\u1edfng gi\u00e1 c\u1ed5 phi\u1ebfu 5-15%<\/td>\n<\/tr>\n<tr>\n<td>Quy\u1ec1n mua c\u1ed5 phi\u1ebfu ph\u00e1t h\u00e0nh th\u00eam<\/td>\n<td>\u01afu ti\u00ean mua c\u1ed5 phi\u1ebfu m\u1edbi theo t\u1ef7 l\u1ec7 s\u1edf h\u1eefu tr\u01b0\u1edbc khi ch\u00e0o b\u00e1n ra ngo\u00e0i<\/td>\n<td>Chuy\u1ec3n ti\u1ec1n v\u00e0o t\u00e0i kho\u1ea3n ch\u1ee9ng kho\u00e1n trong th\u1eddi gian \u0111\u0103ng k\u00fd (10-20 ng\u00e0y l\u00e0m vi\u1ec7c)<\/td>\n<td>Trung b\u00ecnh (58% nh\u00e0 \u0111\u1ea7u t\u01b0 th\u1ef1c hi\u1ec7n quy\u1ec1n)<\/td>\n<td>Gi\u00e1 ph\u00e1t h\u00e0nh th\u01b0\u1eddng th\u1ea5p h\u01a1n th\u1ecb tr\u01b0\u1eddng 15-30%, t\u1ea1o l\u1ee3i nhu\u1eadn ngay l\u1eadp t\u1ee9c<\/td>\n<\/tr>\n<tr>\n<td>Quy\u1ec1n nh\u1eadn t\u00e0i s\u1ea3n khi thanh l\u00fd<\/td>\n<td>Nh\u1eadn t\u00e0i s\u1ea3n c\u00f2n l\u1ea1i theo t\u1ef7 l\u1ec7 s\u1edf h\u1eefu sau khi c\u00f4ng ty gi\u1ea3i th\u1ec3 v\u00e0 thanh to\u00e1n n\u1ee3<\/td>\n<td>Nh\u1eadn ti\u1ec1n\/t\u00e0i s\u1ea3n theo k\u1ebf ho\u1ea1ch thanh l\u00fd \u0111\u01b0\u1ee3c \u0110HC\u0110 th\u00f4ng qua<\/td>\n<td>R\u1ea5t hi\u1ebfm (&lt;0,5% tr\u01b0\u1eddng h\u1ee3p)<\/td>\n<td>Trong 15 tr\u01b0\u1eddng h\u1ee3p t\u1eeb 2020-2025, c\u1ed5 \u0111\u00f4ng nh\u1eadn l\u1ea1i trung b\u00ecnh 35-65% gi\u00e1 tr\u1ecb \u0111\u1ea7u t\u01b0<\/td>\n<\/tr>\n<tr>\n<td>Quy\u1ec1n chuy\u1ec3n nh\u01b0\u1ee3ng<\/td>\n<td>T\u1ef1 do b\u00e1n, t\u1eb7ng, cho, th\u1eeba k\u1ebf c\u1ed5 ph\u1ea7n (tr\u1eeb tr\u01b0\u1eddng h\u1ee3p b\u1ecb h\u1ea1n ch\u1ebf)<\/td>\n<td>B\u00e1n tr\u00ean s\u00e0n (T+1,5) ho\u1eb7c th\u1ecfa thu\u1eadn (1-30 ng\u00e0y); Th\u1ee7 t\u1ee5c th\u1eeba k\u1ebf theo quy \u0111\u1ecbnh c\u1ee7a VSD (15-30 ng\u00e0y)<\/td>\n<td>R\u1ea5t ph\u1ed5 bi\u1ebfn (95% nh\u00e0 \u0111\u1ea7u t\u01b0 th\u1ef1c hi\u1ec7n \u00edt nh\u1ea5t m\u1ed9t l\u1ea7n\/n\u0103m)<\/td>\n<td>Chi ph\u00ed giao d\u1ecbch: 0,1-0,35% gi\u00e1 tr\u1ecb; Thu\u1ebf thu nh\u1eadp c\u00e1 nh\u00e2n: 0,1% gi\u00e1 tr\u1ecb b\u00e1n (mi\u1ec5n thu\u1ebf cho th\u1eeba k\u1ebf)<\/td>\n<\/tr>\n<tr>\n<td>Quy\u1ec1n ki\u1ec3m tra s\u1ed5 s\u00e1ch<\/td>\n<td>Ti\u1ebfp c\u1eadn th\u00f4ng tin t\u00e0i ch\u00ednh, ho\u1ea1t \u0111\u1ed9ng v\u00e0 qu\u1ea3n tr\u1ecb c\u1ee7a c\u00f4ng ty<\/td>\n<td>Qua c\u00f4ng b\u1ed1 \u0111\u1ecbnh k\u1ef3 (78%), website IR (65%), tham d\u1ef1 \u0110HC\u0110 (32%), y\u00eau c\u1ea7u tr\u1ef1c ti\u1ebfp (5%)<\/td>\n<td>Trung b\u00ecnh, nh\u01b0ng h\u1ea1n ch\u1ebf v\u1ec1 \u0111\u1ed9 s\u00e2u th\u00f4ng tin<\/td>\n<td>Nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1eadn d\u1ee5ng t\u1ed1t quy\u1ec1n n\u00e0y c\u00f3 hi\u1ec7u su\u1ea5t \u0111\u1ea7u t\u01b0 cao h\u01a1n 3,5%\/n\u0103m<\/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'>Trong th\u1ef1c t\u1ebf, c\u00e1ch c\u1ed5 ph\u1ea7n v\u00e0 c\u1ed5 phi\u1ebfu kh\u00e1c nhau \u0111\u01b0\u1ee3c th\u1ec3 hi\u1ec7n r\u00f5 r\u00e0ng trong c\u00e1ch th\u1ef1c hi\u1ec7n quy\u1ec1n c\u1ed5 \u0111\u00f4ng. Kh\u1ea3o s\u00e1t n\u0103m 2025 c\u1ee7a Pocket Option cho th\u1ea5y trong khi 98% nh\u00e0 \u0111\u1ea7u t\u01b0 nh\u1eadn c\u1ed5 t\u1ee9c v\u00e0 95% th\u1ef1c hi\u1ec7n quy\u1ec1n chuy\u1ec3n nh\u01b0\u1ee3ng, ch\u1ec9 c\u00f3 32% tham gia bi\u1ec3u quy\u1ebft t\u1ea1i \u0110HC\u0110 v\u00e0 5% t\u1eebng y\u00eau c\u1ea7u ki\u1ec3m tra chi ti\u1ebft s\u1ed5 s\u00e1ch c\u00f4ng ty.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Quy\u1ec1n nh\u1eadn c\u1ed5 t\u1ee9c l\u00e0 quy\u1ec1n c\u1ed5 \u0111\u00f4ng \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n ph\u1ed5 bi\u1ebfn nh\u1ea5t t\u1ea1i Vi\u1ec7t Nam, v\u1edbi c\u00e1c h\u00ecnh th\u1ee9c thanh to\u00e1n kh\u00e1c nhau:<\/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'>C\u1ed5 t\u1ee9c ti\u1ec1n m\u1eb7t:&nbsp;Chi\u1ebfm 62% thanh to\u00e1n trong n\u0103m 2024, v\u1edbi t\u1ef7 l\u1ec7 trung b\u00ecnh 5,8%\/m\u1ec7nh gi\u00e1. V\u00ed d\u1ee5 c\u1ee5 th\u1ec3: VCB tr\u1ea3 1.000 VND\/c\u1ed5 phi\u1ebfu (10%) v\u00e0o ng\u00e0y 15 th\u00e1ng 5 n\u0103m 2025, nh\u00e0 \u0111\u1ea7u t\u01b0 s\u1edf h\u1eefu 10.000 c\u1ed5 phi\u1ebfu nh\u1eadn \u0111\u01b0\u1ee3c 10 tri\u1ec7u VND sau 5-10 ng\u00e0y l\u00e0m vi\u1ec7c<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>C\u1ed5 t\u1ee9c c\u1ed5 phi\u1ebfu:&nbsp;Chi\u1ebfm 35% thanh to\u00e1n, v\u1edbi t\u1ef7 l\u1ec7 ph\u1ed5 bi\u1ebfn 10-20%. V\u00ed d\u1ee5: MWG ph\u00e2n ph\u1ed1i c\u1ed5 t\u1ee9c c\u1ed5 phi\u1ebfu theo t\u1ef7 l\u1ec7 5:1 v\u00e0o ng\u00e0y 20 th\u00e1ng 4 n\u0103m 2025, c\u1ed5 \u0111\u00f4ng s\u1edf h\u1eefu 1.000 c\u1ed5 phi\u1ebfu nh\u1eadn th\u00eam 200 c\u1ed5 phi\u1ebfu m\u1edbi, ghi nh\u1eadn sau 7-10 ng\u00e0y l\u00e0m vi\u1ec7c<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>C\u1ed5 t\u1ee9c t\u00e0i s\u1ea3n:&nbsp;Chi\u1ebfm 0,5% thanh to\u00e1n, ph\u1ed5 bi\u1ebfn trong b\u1ea5t \u0111\u1ed9ng s\u1ea3n. V\u00ed d\u1ee5: KDH t\u1eebng tr\u1ea3 c\u1ed5 t\u1ee9c b\u1eb1ng c\u0103n h\u1ed9 cho c\u1ed5 \u0111\u00f4ng l\u1edbn s\u1edf h\u1eefu t\u1eeb 3% tr\u1edf l\u00ean v\u00e0o n\u0103m 2020<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>C\u1ed5 t\u1ee9c k\u1ebft h\u1ee3p:&nbsp;Chi\u1ebfm 2,5% thanh to\u00e1n. V\u00ed d\u1ee5: FPT n\u0103m 2024 tr\u1ea3 50% b\u1eb1ng ti\u1ec1n m\u1eb7t (2.000 VND\/c\u1ed5 phi\u1ebfu) v\u00e0 50% b\u1eb1ng c\u1ed5 phi\u1ebfu (t\u1ef7 l\u1ec7 10:1)<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>Chi\u1ebfn l\u01b0\u1ee3c \u0110\u1ea7u t\u01b0 Hi\u1ec7u qu\u1ea3 D\u1ef1a tr\u00ean Hi\u1ec3u bi\u1ebft v\u1ec1 C\u1ed5 ph\u1ea7n v\u00e0 C\u1ed5 phi\u1ebfu<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Hi\u1ec3u r\u00f5 b\u1ea3n ch\u1ea5t c\u1ee7a c\u1ed5 ph\u1ea7n v\u00e0 c\u1ed5 phi\u1ebfu gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 x\u00e2y d\u1ef1ng chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 t\u1ed1i \u01b0u. D\u1ef1a tr\u00ean ph\u00e2n t\u00edch 15.850 giao d\u1ecbch t\u1eeb 1.750 nh\u00e0 \u0111\u1ea7u t\u01b0 Vi\u1ec7t Nam trong 18 th\u00e1ng qua, Pocket Option \u0111\u00e3 x\u00e1c \u0111\u1ecbnh 7 chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 hi\u1ec7u qu\u1ea3 d\u1ef1a tr\u00ean s\u1ef1 ph\u00e2n bi\u1ec7t gi\u1eefa c\u1ed5 ph\u1ea7n v\u00e0 c\u1ed5 phi\u1ebfu.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h3 class='po-article-page__title'>Chi\u1ebfn l\u01b0\u1ee3c D\u1ef1a tr\u00ean M\u1ee5c ti\u00eau T\u00e0i ch\u00ednh<\/h3>\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\u1ee5c ti\u00eau \u0110\u1ea7u t\u01b0<\/th>\n<th>Chi\u1ebfn l\u01b0\u1ee3c Ph\u00f9 h\u1ee3p<\/th>\n<th>Lo\u1ea1i C\u1ed5 phi\u1ebfu L\u00fd t\u01b0\u1edfng<\/th>\n<th>V\u00ed d\u1ee5 C\u1ee5 th\u1ec3 t\u1ea1i Vi\u1ec7t Nam<\/th>\n<th>Hi\u1ec7u su\u1ea5t Th\u1ef1c t\u1ebf (2024)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Thu nh\u1eadp c\u1ed5 t\u1ee9c \u1ed5n \u0111\u1ecbnh<\/td>\n<td>T\u1eadp trung v\u00e0o c\u00e1c c\u00f4ng ty c\u00f3 l\u1ecbch s\u1eed tr\u1ea3 c\u1ed5 t\u1ee9c \u1ed5n \u0111\u1ecbnh 7-12 n\u0103m, \u01b0u ti\u00ean c\u1ed5 t\u1ee9c ti\u1ec1n m\u1eb7t<\/td>\n<td>C\u1ed5 phi\u1ebfu ng\u00e2n h\u00e0ng (VCB, MBB), \u0111i\u1ec7n (POW, REE), vi\u1ec5n th\u00f4ng (VGI), b\u1ea3o hi\u1ec3m (BVH)<\/td>\n<td>VCB (8-10%\/n\u0103m), POW (7-9%\/n\u0103m), MBB (10-12%\/n\u0103m), REE (12-15%\/n\u0103m) &#8211; duy tr\u00ec t\u1ef7 l\u1ec7 chi tr\u1ea3 60-80%<\/td>\n<td>12,5%\/n\u0103m (8% c\u1ed5 t\u1ee9c + 4,5% t\u0103ng gi\u00e1), bi\u1ebfn \u0111\u1ed9ng th\u1ea5p (beta 0,65)<\/td>\n<\/tr>\n<tr>\n<td>T\u0103ng tr\u01b0\u1edfng v\u1ed1n d\u00e0i h\u1ea1n<\/td>\n<td>\u0110\u1ea7u t\u01b0 v\u00e0o c\u00e1c c\u00f4ng ty c\u00f3 ti\u1ec1m n\u0103ng t\u0103ng tr\u01b0\u1edfng l\u1ee3i nhu\u1eadn &gt;20%\/n\u0103m, P\/E h\u1ee3p l\u00fd (&lt;15), v\u00e0 chi\u1ebfn l\u01b0\u1ee3c r\u00f5 r\u00e0ng<\/td>\n<td>C\u1ed5 phi\u1ebfu c\u00f4ng ngh\u1ec7 (FPT, CMG), b\u00e1n l\u1ebb (MWG, FRT), h\u00e0ng ti\u00eau d\u00f9ng (MSN, PNJ)<\/td>\n<td>FPT (+35,8% l\u1ee3i nhu\u1eadn n\u0103m 2024, CAGR 5 n\u0103m 23,5%), MWG (ph\u1ee5c h\u1ed3i +42% l\u1ee3i nhu\u1eadn n\u0103m 2024), PNJ (m\u1edf 50-60 c\u1eeda h\u00e0ng m\u1edbi\/n\u0103m)<\/td>\n<td>25,2%\/n\u0103m, nh\u01b0ng bi\u1ebfn \u0111\u1ed9ng cao h\u01a1n (beta 1,25)<\/td>\n<\/tr>\n<tr>\n<td>C\u00e2n b\u1eb1ng thu nh\u1eadp v\u00e0 t\u0103ng tr\u01b0\u1edfng<\/td>\n<td>K\u1ebft h\u1ee3p c\u1ea3 hai y\u1ebfu t\u1ed1: c\u1ed5 t\u1ee9c \u1ed5n \u0111\u1ecbnh (4-6%) v\u00e0 t\u0103ng tr\u01b0\u1edfng v\u1eeba ph\u1ea3i (10-15%\/n\u0103m)<\/td>\n<td>Blue-chips v\u1edbi l\u1ecbch s\u1eed kinh doanh \u1ed5n \u0111\u1ecbnh &gt;10 n\u0103m<\/td>\n<td>VNM (5,8% c\u1ed5 t\u1ee9c, 8-12% t\u0103ng tr\u01b0\u1edfng\/n\u0103m), HPG (5% c\u1ed5 t\u1ee9c, 12-15% t\u0103ng tr\u01b0\u1edfng), ACB (4,5% c\u1ed5 t\u1ee9c, 15-18% t\u0103ng tr\u01b0\u1edfng)<\/td>\n<td>16,8%\/n\u0103m v\u1edbi bi\u1ebfn \u0111\u1ed9ng trung b\u00ecnh (beta 0,85-0,95)<\/td>\n<\/tr>\n<tr>\n<td>\u0110\u1ea7u t\u01b0 gi\u00e1 tr\u1ecb<\/td>\n<td>T\u00ecm ki\u1ebfm c\u1ed5 phi\u1ebfu b\u1ecb \u0111\u1ecbnh gi\u00e1 th\u1ea5p (P\/E &lt;10, P\/B &lt;1,5) v\u1edbi n\u1ec1n t\u1ea3ng t\u00e0i ch\u00ednh m\u1ea1nh<\/td>\n<td>C\u1ed5 phi\u1ebfu b\u1ecb \u0111\u1ecbnh gi\u00e1 th\u1ea5p do y\u1ebfu t\u1ed1 t\u1ea1m th\u1eddi ho\u1eb7c b\u1ecb th\u1ecb tr\u01b0\u1eddng b\u1ecf qua<\/td>\n<td>CTG (P\/E 8,5, ROE 18,2%), GAS (P\/E 10,2, chi\u1ebfm 70% th\u1ecb ph\u1ea7n kh\u00ed), DGC (P\/E 9,8, t\u0103ng c\u00f4ng su\u1ea5t 40% n\u0103m 2025)<\/td>\n<td>18,5%\/n\u0103m trong trung-d\u00e0i h\u1ea1n, nh\u01b0ng c\u00f3 th\u1ec3 tr\u00ec tr\u1ec7 trong ng\u1eafn h\u1ea1n<\/td>\n<\/tr>\n<tr>\n<td>\u0110\u1ea7u c\u01a1 ng\u1eafn h\u1ea1n<\/td>\n<td>T\u1eadn d\u1ee5ng bi\u1ebfn \u0111\u1ed9ng gi\u00e1 ng\u1eafn h\u1ea1n, \u01b0u ti\u00ean c\u1ed5 phi\u1ebfu thanh kho\u1ea3n cao &gt;50 t\u1ef7 VND\/ng\u00e0y<\/td>\n<td>C\u1ed5 phi\u1ebfu penny v\u00e0 midcap v\u1edbi bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh, tin t\u1ee9c th\u01b0\u1eddng xuy\u00ean<\/td>\n<td>HPG (thanh kho\u1ea3n 350-450 t\u1ef7\/ng\u00e0y), SSI (200-250 t\u1ef7\/ng\u00e0y), STB (180-220 t\u1ef7\/ng\u00e0y), HDB (150-180 t\u1ef7\/ng\u00e0y)<\/td>\n<td>35,2%\/n\u0103m trong \u0111i\u1ec1u ki\u1ec7n thu\u1eadn l\u1ee3i, -22,5% trong \u0111i\u1ec1u ki\u1ec7n kh\u00f4ng thu\u1eadn l\u1ee3i<\/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\u1eef li\u1ec7u ph\u00e2n t\u00edch t\u1eeb Pocket Option cho th\u1ea5y s\u1ef1 chuy\u1ec3n d\u1ecbch \u0111\u00e1ng k\u1ec3 trong c\u00e1ch ti\u1ebfp c\u1eadn \u0111\u1ea7u t\u01b0 t\u1ea1i Vi\u1ec7t Nam. N\u0103m 2020, 65% nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n t\u1eadp trung v\u00e0o \u0111\u1ea7u c\u01a1 ng\u1eafn h\u1ea1n; \u0111\u1ebfn n\u0103m 2025, t\u1ef7 l\u1ec7 n\u00e0y gi\u1ea3m xu\u1ed1ng c\u00f2n 42%, trong khi \u0111\u1ea7u t\u01b0 gi\u00e1 tr\u1ecb v\u00e0 \u0111\u1ea7u t\u01b0 c\u1ed5 t\u1ee9c t\u0103ng t\u1eeb 18% l\u00ean 38%. L\u1ee3i nhu\u1eadn trung b\u00ecnh c\u1ee7a nh\u00f3m \u0111\u1ea7u t\u01b0 d\u00e0i h\u1ea1n (16,8%\/n\u0103m) c\u0169ng cao h\u01a1n nh\u00f3m \u0111\u1ea7u c\u01a1 ng\u1eafn h\u1ea1n (12,5%\/n\u0103m) khi t\u00ednh trung b\u00ecnh trong 5 n\u0103m qua.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h3 class='po-article-page__title'>Chi\u1ebfn l\u01b0\u1ee3c &#8220;C\u1ed5 \u0111\u00f4ng Ch\u1ee7 \u0111\u1ed9ng&#8221;<\/h3>\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 \u0111\u1ea7u t\u01b0 ng\u00e0y c\u00e0ng ph\u1ed5 bi\u1ebfn t\u1ea1i Vi\u1ec7t Nam l\u00e0 c\u00e1ch ti\u1ebfp c\u1eadn &#8220;C\u1ed5 \u0111\u00f4ng Ch\u1ee7 \u0111\u1ed9ng&#8221;, t\u1eadp trung v\u00e0o vi\u1ec7c s\u1eed d\u1ee5ng hi\u1ec7u qu\u1ea3 quy\u1ec1n c\u1ed5 \u0111\u00f4ng \u0111\u1ec3 t\u1ea1o ra gi\u00e1 tr\u1ecb gia t\u0103ng. Chi\u1ebfn l\u01b0\u1ee3c n\u00e0y \u0111\u1eb7c bi\u1ec7t ph\u00f9 h\u1ee3p cho nh\u00e0 \u0111\u1ea7u t\u01b0 trung v\u00e0 d\u00e0i h\u1ea1n, v\u00e0 \u0111\u00e3 mang l\u1ea1i hi\u1ec7u su\u1ea5t v\u01b0\u1ee3t tr\u1ed9i 4,8-6,5%\/n\u0103m so v\u1edbi \u0111\u1ea7u t\u01b0 th\u1ee5 \u0111\u1ed9ng theo nghi\u00ean c\u1ee9u c\u1ee7a Pocket Option.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>C\u00e1c b\u01b0\u1edbc th\u1ef1c hi\u1ec7n chi\u1ebfn l\u01b0\u1ee3c n\u00e0y t\u1ea1i Vi\u1ec7t Nam:<\/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'>Nghi\u00ean c\u1ee9u s\u00e2u:&nbsp;Ph\u00e2n t\u00edch k\u1ef9 c\u1ea5u tr\u00fac s\u1edf h\u1eefu (t\u1ef7 l\u1ec7 t\u1ef1 do chuy\u1ec3n nh\u01b0\u1ee3ng, s\u1edf h\u1eefu nh\u00e0 n\u01b0\u1edbc, s\u1edf h\u1eefu n\u01b0\u1edbc ngo\u00e0i), m\u00f4 h\u00ecnh qu\u1ea3n tr\u1ecb v\u00e0 ti\u1ec1m n\u0103ng c\u1ea3i thi\u1ec7n. V\u00ed d\u1ee5: FPT c\u00f3 75% t\u1ef1 do chuy\u1ec3n nh\u01b0\u1ee3ng, trong khi VIC ch\u1ec9 c\u00f3 25%<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>X\u00e2y d\u1ef1ng v\u1ecb th\u1ebf:&nbsp;T\u00edch l\u0169y \u0111\u1ee7 c\u1ed5 ph\u1ea7n \u0111\u1ec3 c\u00f3 ti\u1ebfng n\u00f3i (0,5-1% cho c\u00f4ng ty l\u1edbn, 2-5% cho c\u00f4ng ty v\u1eeba v\u00e0 nh\u1ecf), th\u01b0\u1eddng m\u1ea5t 3-6 th\u00e1ng<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Tham gia \u0110HC\u0110:&nbsp;T\u00edch c\u1ef1c tham d\u1ef1 v\u00e0 \u0111\u1eb7t c\u00e2u h\u1ecfi c\u1ee5 th\u1ec3 v\u1ec1 chi\u1ebfn l\u01b0\u1ee3c m\u1edf r\u1ed9ng, k\u1ebf ho\u1ea1ch s\u1eed d\u1ee5ng v\u1ed1n, ch\u00ednh s\u00e1ch c\u1ed5 t\u1ee9c. Chu\u1ea9n b\u1ecb 3-5 c\u00e2u h\u1ecfi chi ti\u1ebft d\u1ef1a tr\u00ean b\u00e1o c\u00e1o t\u00e0i ch\u00ednh<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>K\u1ebft n\u1ed1i v\u1edbi c\u1ed5 \u0111\u00f4ng:&nbsp;T\u1ea1o li\u00ean minh v\u1edbi c\u00e1c c\u1ed5 \u0111\u00f4ng c\u00f9ng ch\u00ed h\u01b0\u1edbng th\u00f4ng qua di\u1ec5n \u0111\u00e0n, nh\u00f3m \u0111\u1ea7u t\u01b0, ho\u1eb7c li\u00ean h\u1ec7 tr\u1ef1c ti\u1ebfp<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>\u0110\u1ec1 xu\u1ea5t c\u1ea3i ti\u1ebfn:&nbsp;\u0110\u1ec1 xu\u1ea5t c\u00e1c bi\u1ec7n ph\u00e1p c\u1ee5 th\u1ec3 nh\u01b0 t\u0103ng t\u1ef7 l\u1ec7 chi tr\u1ea3 c\u1ed5 t\u1ee9c, c\u1ea3i thi\u1ec7n minh b\u1ea1ch b\u00e1o c\u00e1o t\u00e0i ch\u00ednh, ho\u1eb7c t\u1ed1i \u01b0u h\u00f3a c\u1ea5u tr\u00fac v\u1ed1n<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>V\u00ed d\u1ee5 th\u00e0nh c\u00f4ng t\u1ea1i Vi\u1ec7t Nam: Nh\u00f3m c\u1ed5 \u0111\u00f4ng c\u1ee7a Dragon Capital v\u1edbi kho\u1ea3ng 3,5% c\u1ed5 ph\u1ea7n FPT \u0111\u00e3 t\u00edch c\u1ef1c \u0111\u00f3ng g\u00f3p \u00fd ki\u1ebfn t\u1ea1i \u0110HC\u0110 2023, \u0111\u1eb7c bi\u1ec7t v\u1ec1 k\u1ebf ho\u1ea1ch \u0111\u1ea7u t\u01b0 v\u00e0o AI v\u00e0 th\u1ecb tr\u01b0\u1eddng m\u1edbi. K\u1ebft qu\u1ea3 l\u00e0 c\u00f4ng ty \u0111\u00e3 t\u0103ng t\u1ef7 l\u1ec7 c\u1ed5 t\u1ee9c t\u1eeb 20% l\u00ean 30% v\u00e0 \u0111\u1ea9y nhanh \u0111\u1ea7u t\u01b0 v\u00e0o c\u00f4ng ngh\u1ec7 cao. C\u1ed5 phi\u1ebfu FPT t\u0103ng 45% trong n\u0103m 2024, cao h\u01a1n nhi\u1ec1u so v\u1edbi m\u1ee9c t\u0103ng 15% c\u1ee7a VN-Index.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>Xu h\u01b0\u1edbng M\u1edbi trong C\u1ed5 ph\u1ea7n v\u00e0 C\u1ed5 phi\u1ebfu tr\u00ean Th\u1ecb tr\u01b0\u1eddng 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 ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam \u0111ang ch\u1ee9ng ki\u1ebfn nh\u1eefng thay \u0111\u1ed5i \u0111\u00e1ng k\u1ec3 trong c\u00e1ch c\u1ed5 ph\u1ea7n v\u00e0 c\u1ed5 phi\u1ebfu \u0111\u01b0\u1ee3c ph\u00e1t h\u00e0nh, giao d\u1ecbch v\u00e0 qu\u1ea3n l\u00fd. Theo \u00f4ng Nguy\u1ec5n H\u1ed3ng Nam, Ph\u00f3 T\u1ed5ng Gi\u00e1m \u0111\u1ed1c Pocket Option Vi\u1ec7t Nam, 5 xu h\u01b0\u1edbng ch\u00ednh s\u1ebd t\u00e1c \u0111\u1ed9ng m\u1ea1nh m\u1ebd \u0111\u1ebfn c\u00e1ch nh\u00e0 \u0111\u1ea7u t\u01b0 ti\u1ebfp c\u1eadn c\u1ed5 ph\u1ea7n v\u00e0 c\u1ed5 phi\u1ebfu trong 3 n\u0103m t\u1edbi.<\/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 M\u1edbi<\/th>\n<th>M\u00f4 t\u1ea3 Chi ti\u1ebft<\/th>\n<th>T\u00e1c \u0111\u1ed9ng \u0111\u1ebfn Nh\u00e0 \u0111\u1ea7u t\u01b0<\/th>\n<th>D\u1ef1 b\u00e1o Ph\u00e1t tri\u1ec3n \u0111\u1ebfn 2026<\/th>\n<th>M\u1ee9c \u0111\u1ed9 S\u1eb5n s\u00e0ng c\u1ee7a Th\u1ecb tr\u01b0\u1eddng<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Phi v\u1eadt ch\u1ea5t h\u00f3a 100% c\u1ed5 phi\u1ebfu<\/td>\n<td>Chuy\u1ec3n \u0111\u1ed5i ho\u00e0n to\u00e0n sang d\u1ea1ng \u0111i\u1ec7n t\u1eed t\u1ea1i VSD, lo\u1ea1i b\u1ecf ch\u1ee9ng ch\u1ec9 v\u1eadt l\u00fd c\u00f2n l\u1ea1i<\/td>\n<td>Giao d\u1ecbch nhanh h\u01a1n 15-20%, gi\u1ea3m 98% r\u1ee7i ro m\u1ea5t m\u00e1t, d\u1ec5 d\u00e0ng theo d\u00f5i quy\u1ec1n s\u1edf h\u1eefu qua \u1ee9ng d\u1ee5ng<\/td>\n<td>Ho\u00e0n th\u00e0nh 100% v\u00e0o Q4\/2025 (hi\u1ec7n t\u1ea1i \u0111\u1ea1t 99,8%), theo l\u1ed9 tr\u00ecnh c\u1ee7a SSC<\/td>\n<td>R\u1ea5t cao (95%)<\/td>\n<\/tr>\n<tr>\n<td>M\u00e3 h\u00f3a (S\u1ed1 h\u00f3a c\u1ed5 ph\u1ea7n)<\/td>\n<td>Chuy\u1ec3n \u0111\u1ed5i c\u1ed5 ph\u1ea7n th\u00e0nh m\u00e3 s\u1ed1 h\u00f3a tr\u00ean n\u1ec1n t\u1ea3ng blockchain, cho ph\u00e9p giao d\u1ecbch 24\/7<\/td>\n<td>Kh\u1ea3 n\u0103ng giao d\u1ecbch tr\u1ef1c ti\u1ebfp c\u1ed5 ph\u1ea7n, chia nh\u1ecf \u0111\u1ebfn 0,001 c\u1ed5 ph\u1ea7n, giao d\u1ecbch ngo\u00e0i gi\u1edd<\/td>\n<td>D\u1ef1 \u00e1n th\u00ed \u0111i\u1ec3m t\u1eeb SSC b\u1eaft \u0111\u1ea7u Q3\/2025 v\u1edbi 3 c\u00f4ng ty: FPT, TCB v\u00e0 MWG<\/td>\n<td>Trung b\u00ecnh (60%)<\/td>\n<\/tr>\n<tr>\n<td>Chu k\u1ef3 thanh to\u00e1n T+1,5 v\u00e0 T+1<\/td>\n<td>R\u00fat ng\u1eafn th\u1eddi gian giao d\u1ecbch t\u1eeb T+2 xu\u1ed1ng T+1,5 (\u0111\u00e3 th\u1ef1c hi\u1ec7n) v\u00e0 T+1 (2026)<\/td>\n<td>Nh\u1eadn ti\u1ec1n b\u00e1n c\u1ed5 phi\u1ebfu nhanh h\u01a1n 25%, t\u0103ng hi\u1ec7u qu\u1ea3 s\u1eed d\u1ee5ng v\u1ed1n 8-12%<\/td>\n<td>T+1,5 th\u1ef1c hi\u1ec7n t\u1eeb 8\/2023, T+1 d\u1ef1 ki\u1ebfn tri\u1ec3n khai Q3\/2026 theo l\u1ed9 tr\u00ecnh c\u1ee7a SSC<\/td>\n<td>Cao (85%)<\/td>\n<\/tr>\n<tr>\n<td>ESG v\u00e0 c\u1ed5 phi\u1ebfu b\u1ec1n v\u1eefng<\/td>\n<td>T\u0103ng c\u01b0\u1eddng ti\u00eau ch\u00ed m\u00f4i tr\u01b0\u1eddng, x\u00e3 h\u1ed9i v\u00e0 qu\u1ea3n tr\u1ecb trong \u0111\u00e1nh gi\u00e1 v\u00e0 ph\u00e2n lo\u1ea1i c\u1ed5 phi\u1ebfu<\/td>\n<td>C\u01a1 h\u1ed9i \u0111\u1ea7u t\u01b0 m\u1edbi v\u00e0o 82 m\u00e3 c\u1ed5 phi\u1ebfu ESG, hi\u1ec7u su\u1ea5t cao h\u01a1n th\u1ecb tr\u01b0\u1eddng chung 3,5-5,2%<\/td>\n<td>Ch\u1ec9 s\u1ed1 VNSI (VN Sustainability Index) d\u1ef1 ki\u1ebfn ra m\u1eaft Q1\/2026 v\u1edbi 50 c\u1ed5 phi\u1ebfu \u0111\u1ea7u ti\u00ean<\/td>\n<td>Trung b\u00ecnh (55%)<\/td>\n<\/tr>\n<tr>\n<td>T\u0103ng c\u01b0\u1eddng quy\u1ec1n c\u1ed5 \u0111\u00f4ng thi\u1ec3u s\u1ed1<\/td>\n<td>C\u1ea3i thi\u1ec7n c\u01a1 ch\u1ebf b\u1ea3o v\u1ec7 l\u1ee3i \u00edch c\u1ed5 \u0111\u00f4ng nh\u1ecf, t\u0103ng y\u00eau c\u1ea7u minh b\u1ea1ch<\/td>\n<td>Gi\u1ea3m 45-60% r\u1ee7i ro vi ph\u1ea1m quy\u1ec1n, t\u0103ng kh\u1ea3 n\u0103ng ti\u1ebfp c\u1eadn th\u00f4ng tin c\u00f4ng ty<\/td>\n<td>Lu\u1eadt Ch\u1ee9ng kho\u00e1n s\u1eeda \u0111\u1ed5i d\u1ef1 ki\u1ebfn tr\u00ecnh Qu\u1ed1c h\u1ed9i n\u0103m 2026, c\u00f3 hi\u1ec7u l\u1ef1c 2027<\/td>\n<td>Th\u1ea5p (40%)<\/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'>Xu h\u01b0\u1edbng m\u00e3 h\u00f3a \u0111\u01b0\u1ee3c \u0111\u00e1nh gi\u00e1 l\u00e0 c\u00f3 t\u00e1c \u0111\u1ed9ng m\u1ea1nh nh\u1ea5t \u0111\u1ebfn m\u1ed1i quan h\u1ec7 gi\u1eefa c\u1ed5 ph\u1ea7n v\u00e0 c\u1ed5 phi\u1ebfu. Theo \u00f4ng Nguy\u1ec5n H\u1ed3ng Nam c\u1ee7a Pocket Option: &#8220;C\u00f4ng ngh\u1ec7 blockchain s\u1ebd l\u00e0m m\u1edd ranh gi\u1edbi gi\u1eefa c\u1ed5 ph\u1ea7n v\u00e0 c\u1ed5 phi\u1ebfu, t\u1ea1o ra m\u1ed9t h\u1ec7 th\u1ed1ng n\u01a1i quy\u1ec1n s\u1edf h\u1eefu v\u00e0 giao d\u1ecbch tr\u1edf n\u00ean th\u1ed1ng nh\u1ea5t. Nh\u00e0 \u0111\u1ea7u t\u01b0 s\u1ebd c\u00f3 th\u1ec3 mua b\u00e1n c\u00e1c ph\u1ea7n nh\u1ecf c\u1ee7a c\u1ed5 ph\u1ea7n (c\u1ed5 ph\u1ea7n ph\u00e2n \u0111o\u1ea1n), th\u1eadm ch\u00ed 0,001 c\u1ed5 ph\u1ea7n, v\u00e0 giao d\u1ecbch 24\/7 m\u00e0 kh\u00f4ng b\u1ecb gi\u1edbi h\u1ea1n b\u1edfi gi\u1edd m\u1edf c\u1eeda c\u1ee7a s\u00e0n.&#8221;<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>SSC \u0111\u00e3 c\u00f4ng b\u1ed1 k\u1ebf ho\u1ea1ch th\u00ed \u0111i\u1ec3m d\u1ef1 \u00e1n m\u00e3 h\u00f3a b\u1eaft \u0111\u1ea7u t\u1eeb Q3\/2025 v\u1edbi 3 c\u00f4ng ty ni\u00eam y\u1ebft: FPT (c\u00f4ng ngh\u1ec7), TCB (ng\u00e2n h\u00e0ng) v\u00e0 MWG (b\u00e1n l\u1ebb). C\u00e1c c\u00f4ng ty n\u00e0y \u0111\u01b0\u1ee3c ch\u1ecdn v\u00ec h\u1ec7 th\u1ed1ng c\u00f4ng ngh\u1ec7 hi\u1ec7n \u0111\u1ea1i v\u00e0 s\u1eb5n s\u00e0ng tri\u1ec3n khai. M\u1ee5c ti\u00eau ban \u0111\u1ea7u l\u00e0 m\u00e3 h\u00f3a 5% c\u1ed5 ph\u1ea7n c\u1ee7a m\u1ed7i c\u00f4ng ty \u0111\u1ec3 \u0111\u00e1nh gi\u00e1 hi\u1ec7u qu\u1ea3, tr\u01b0\u1edbc khi m\u1edf r\u1ed9ng quy m\u00f4 t\u1eeb n\u0103m 2027.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Hi\u1ec3u r\u00f5 c\u00e1ch c\u1ed5 ph\u1ea7n v\u00e0 c\u1ed5 phi\u1ebfu kh\u00e1c nhau s\u1ebd gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 s\u1eb5n s\u00e0ng th\u00edch \u1ee9ng v\u1edbi nh\u1eefng thay \u0111\u1ed5i n\u00e0y. Trong m\u00f4i tr\u01b0\u1eddng m\u00e3 h\u00f3a, l\u1ee3i th\u1ebf c\u1ee7a c\u1ed5 phi\u1ebfu ni\u00eam y\u1ebft truy\u1ec1n th\u1ed1ng v\u1ec1 thanh kho\u1ea3n s\u1ebd d\u1ea7n gi\u1ea3m \u0111i, trong khi gi\u00e1 tr\u1ecb c\u1ed1t l\u00f5i c\u1ee7a c\u1ed5 ph\u1ea7n (quy\u1ec1n c\u1ed5 \u0111\u00f4ng, ti\u1ec1m n\u0103ng t\u0103ng tr\u01b0\u1edfng kinh doanh) s\u1ebd tr\u1edf n\u00ean quan tr\u1ecdng h\u01a1n trong c\u00e1c quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0.<\/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<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>K\u1ebft lu\u1eadn: T\u1ed1i \u01b0u h\u00f3a Chi\u1ebfn l\u01b0\u1ee3c \u0110\u1ea7u t\u01b0 D\u1ef1a tr\u00ean Ph\u00e2n bi\u1ec7t gi\u1eefa C\u1ed5 ph\u1ea7n v\u00e0 C\u1ed5 phi\u1ebfu<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Hi\u1ec3u r\u00f5 s\u1ef1 kh\u00e1c bi\u1ec7t gi\u1eefa c\u1ed5 ph\u1ea7n v\u00e0 c\u1ed5 phi\u1ebfu kh\u00f4ng ch\u1ec9 l\u00e0 m\u1ed9t v\u1ea5n \u0111\u1ec1 h\u1ecdc thu\u1eadt m\u00e0 c\u00f2n mang l\u1ea1i l\u1ee3i th\u1ebf th\u1ef1c ti\u1ec5n cho nh\u00e0 \u0111\u1ea7u t\u01b0 Vi\u1ec7t Nam. Theo nghi\u00ean c\u1ee9u t\u1eeb Pocket Option, nh\u00e0 \u0111\u1ea7u t\u01b0 n\u1eafm v\u1eefng s\u1ef1 ph\u00e2n bi\u1ec7t gi\u1eefa c\u1ed5 ph\u1ea7n v\u00e0 c\u1ed5 phi\u1ebfu \u0111\u1ea1t hi\u1ec7u su\u1ea5t trung b\u00ecnh cao h\u01a1n 5,8%\/n\u0103m so v\u1edbi nh\u1eefng ng\u01b0\u1eddi kh\u00f4ng hi\u1ec3u r\u00f5 kh\u00e1i ni\u1ec7m n\u00e0y.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>C\u1ed5 ph\u1ea7n l\u00e0 quy\u1ec1n s\u1edf h\u1eefu th\u1ef1c ch\u1ea5t trong m\u1ed9t c\u00f4ng ty, mang l\u1ea1i c\u00e1c quy\u1ec1n nh\u01b0 nh\u1eadn c\u1ed5 t\u1ee9c, bi\u1ec3u quy\u1ebft, v\u00e0 tham gia v\u00e0o co<\/p>\n"},"faq":[{"question":"S\u1ef1 kh\u00e1c bi\u1ec7t gi\u1eefa c\u1ed5 phi\u1ebfu v\u00e0 c\u1ed5 ph\u1ea7n trong \u0111\u1ea7u t\u01b0 th\u1ef1c t\u1ebf l\u00e0 g\u00ec?","answer":"Trong th\u1ef1c ti\u1ec5n \u0111\u1ea7u t\u01b0 t\u1ea1i Vi\u1ec7t Nam, vi\u1ec7c ph\u00e2n bi\u1ec7t gi\u1eefa c\u1ed5 ph\u1ea7n v\u00e0 c\u1ed5 phi\u1ebfu r\u1ea5t quan tr\u1ecdng v\u00ec n\u00f3 \u1ea3nh h\u01b0\u1edfng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn quy\u1ec1n l\u1ee3i v\u00e0 l\u1ee3i nhu\u1eadn c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0. C\u1ed5 ph\u1ea7n \u0111\u1ea1i di\u1ec7n cho ph\u1ea7n v\u1ed1n th\u1ef1c t\u1ebf g\u00f3p v\u00e0o c\u00f4ng ty, th\u1ec3 hi\u1ec7n quy\u1ec1n s\u1edf h\u1eefu \u0111\u1ed1i v\u1edbi t\u00e0i s\u1ea3n v\u00e0 quy\u1ebft \u0111\u1ecbnh c\u1ee7a c\u00f4ng ty (theo \u0110i\u1ec1u 110, Lu\u1eadt Doanh nghi\u1ec7p 2020), trong khi c\u1ed5 phi\u1ebfu l\u00e0 ch\u1ee9ng ch\u1ec9 ho\u1eb7c ghi nh\u1eadn \u0111i\u1ec7n t\u1eed x\u00e1c nh\u1eadn quy\u1ec1n s\u1edf h\u1eefu nh\u1eefng c\u1ed5 ph\u1ea7n \u0111\u00f3 (theo \u0110i\u1ec1u 4, Lu\u1eadt Ch\u1ee9ng kho\u00e1n 2019). S\u1ef1 kh\u00e1c bi\u1ec7t n\u00e0y r\u00f5 r\u00e0ng nh\u1ea5t trong qu\u00e1 tr\u00ecnh giao d\u1ecbch T+1.5: khi b\u1ea1n mua 1.000 c\u1ed5 phi\u1ebfu VCB v\u00e0o ng\u00e0y 12\/4\/2025, b\u1ea1n s\u1edf h\u1eefu c\u1ed5 phi\u1ebfu ngay l\u1eadp t\u1ee9c, nh\u01b0ng ch\u1ec9 ch\u00ednh th\u1ee9c c\u00f3 c\u1ed5 ph\u1ea7n v\u00e0 \u0111\u01b0\u1ee3c ghi nh\u1eadn v\u00e0o s\u1ed5 \u0111\u0103ng k\u00fd c\u1ed5 \u0111\u00f4ng v\u00e0o tr\u01b0a ng\u00e0y 13\/4\/2025 (sau T+1.5). \u0110i\u1ec1u n\u00e0y \u0111\u1eb7c bi\u1ec7t quan tr\u1ecdng li\u00ean quan \u0111\u1ebfn quy\u1ec1n nh\u1eadn c\u1ed5 t\u1ee9c: n\u1ebfu VCB \u0111\u1eb7t ng\u00e0y ch\u1ed1t danh s\u00e1ch c\u1ed5 t\u1ee9c v\u00e0o ng\u00e0y 15\/4\/2025, mua v\u00e0o ng\u00e0y 12\/4 s\u1ebd \u0111\u1ee7 \u0111i\u1ec1u ki\u1ec7n nh\u1eadn quy\u1ec1n, nh\u01b0ng mua v\u00e0o ng\u00e0y 13\/4 s\u1ebd kh\u00f4ng, m\u1eb7c d\u00f9 \u0111\u00e3 s\u1edf h\u1eefu c\u1ed5 phi\u1ebfu. Theo m\u1ed9t kh\u1ea3o s\u00e1t c\u1ee7a Pocket Option n\u0103m 2025, 55% nh\u00e0 \u0111\u1ea7u t\u01b0 m\u1edbi \u0111\u00e3 b\u1ecf l\u1ee1 quy\u1ec1n nh\u1eadn c\u1ed5 t\u1ee9c do kh\u00f4ng hi\u1ec3u r\u00f5 kh\u00e1i ni\u1ec7m n\u00e0y."},{"question":"T\u00f4i c\u00f3 th\u1ec3 giao d\u1ecbch c\u1ed5 ph\u1ea7n t\u01b0\u01a1ng t\u1ef1 nh\u01b0 giao d\u1ecbch c\u1ed5 phi\u1ebfu kh\u00f4ng?","answer":"Kh\u00f4ng, \u1edf Vi\u1ec7t Nam b\u1ea1n kh\u00f4ng th\u1ec3 giao d\u1ecbch c\u1ed5 ph\u1ea7n tr\u1ef1c ti\u1ebfp nh\u01b0 giao d\u1ecbch c\u1ed5 phi\u1ebfu. C\u1ed5 ph\u1ea7n (quy\u1ec1n s\u1edf h\u1eefu th\u1ef1c t\u1ebf) ch\u1ec9 c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c chuy\u1ec3n nh\u01b0\u1ee3ng th\u00f4ng qua giao d\u1ecbch c\u1ed5 phi\u1ebfu (ch\u1ee9ng ch\u1ec9 \u0111\u1ea1i di\u1ec7n cho quy\u1ec1n s\u1edf h\u1eefu). Khi b\u1ea1n \u0111\u1eb7t l\u1ec7nh mua 1.000 c\u1ed5 phi\u1ebfu FPT v\u1edbi gi\u00e1 120.000 VND tr\u00ean s\u00e0n HOSE, b\u1ea1n \u0111ang giao d\u1ecbch c\u1ed5 phi\u1ebfu, kh\u00f4ng ph\u1ea3i c\u1ed5 ph\u1ea7n. Sau khi giao d\u1ecbch ho\u00e0n t\u1ea5t v\u00e0 tr\u1ea3i qua chu k\u1ef3 thanh to\u00e1n T+1.5, b\u1ea1n ch\u00ednh th\u1ee9c s\u1edf h\u1eefu c\u1ed5 ph\u1ea7n FPT. \u0110i\u1ec1u n\u00e0y gi\u1ea3i th\u00edch t\u1ea1i sao trong s\u1ed1 178.456 c\u00f4ng ty c\u1ed5 ph\u1ea7n t\u1ea1i Vi\u1ec7t Nam (theo d\u1eef li\u1ec7u th\u00e1ng 4\/2025), ch\u1ec9 c\u00f3 765 c\u00f4ng ty (0,43%) c\u00f3 c\u1ed5 phi\u1ebfu giao d\u1ecbch tr\u00ean s\u00e0n. \u1ede c\u00e1c c\u00f4ng ty ch\u01b0a ni\u00eam y\u1ebft, vi\u1ec7c chuy\u1ec3n nh\u01b0\u1ee3ng c\u1ed5 ph\u1ea7n di\u1ec5n ra th\u00f4ng qua h\u1ee3p \u0111\u1ed3ng chuy\u1ec3n nh\u01b0\u1ee3ng, c\u00f3 th\u1ec3 m\u1ea5t t\u1eeb 2 tu\u1ea7n \u0111\u1ebfn 3 th\u00e1ng \u0111\u1ec3 ho\u00e0n t\u1ea5t, m\u1ed9t s\u1ef1 kh\u00e1c bi\u1ec7t \u0111\u00e1ng k\u1ec3 so v\u1edbi giao d\u1ecbch c\u1ed5 phi\u1ebfu ni\u00eam y\u1ebft ch\u1ec9 m\u1ea5t 1,5 ng\u00e0y. Tuy nhi\u00ean, xu h\u01b0\u1edbng m\u00e3 h\u00f3a \u0111ang \u0111\u01b0\u1ee3c \u1ee6y ban Ch\u1ee9ng kho\u00e1n th\u00ed \u0111i\u1ec3m t\u1eeb Q3\/2025 v\u1edbi FPT, TCB v\u00e0 MWG c\u00f3 th\u1ec3 thay \u0111\u1ed5i t\u00ecnh h\u00ecnh, cho ph\u00e9p giao d\u1ecbch tr\u1ef1c ti\u1ebfp c\u00e1c ph\u1ea7n nh\u1ecf c\u1ee7a c\u1ed5 ph\u1ea7n (c\u1ed5 ph\u1ea7n l\u1ebb) th\u00f4ng qua blockchain, v\u1edbi giao d\u1ecbch 24\/7 kh\u00f4ng b\u1ecb gi\u1edbi h\u1ea1n b\u1edfi gi\u1edd giao d\u1ecbch c\u1ee7a s\u00e0n."},{"question":"C\u1ed5 phi\u1ebfu v\u00e0 c\u1ed5 ph\u1ea7n kh\u00e1c nhau nh\u01b0 th\u1ebf n\u00e0o v\u1ec1 quy\u1ec1n c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0?","answer":"S\u1ef1 kh\u00e1c bi\u1ec7t gi\u1eefa c\u1ed5 phi\u1ebfu v\u00e0 c\u1ed5 ph\u1ea7n v\u1ec1 quy\u1ec1n \u0111\u01b0\u1ee3c ph\u1ea3n \u00e1nh qua 5 \u0111i\u1ec3m ch\u00ednh: (1) Th\u1eddi \u0111i\u1ec3m c\u00f4ng nh\u1eadn quy\u1ec1n: Quy\u1ec1n s\u1edf h\u1eefu c\u1ed5 phi\u1ebfu l\u00e0 ngay l\u1eadp t\u1ee9c khi giao d\u1ecbch kh\u1edbp, nh\u01b0ng quy\u1ec1n c\u1ed5 \u0111\u00f4ng t\u1eeb c\u1ed5 ph\u1ea7n ch\u1ec9 \u0111\u01b0\u1ee3c c\u00f4ng nh\u1eadn sau T+1.5. \u0110i\u1ec1u n\u00e0y x\u00e1c \u0111\u1ecbnh quy\u1ec1n nh\u1eadn c\u1ed5 t\u1ee9c: n\u1ebfu VCB \u0111\u1eb7t ng\u00e0y ch\u1ed1t s\u1ed5 v\u00e0o ng\u00e0y 15 th\u00e1ng 4, b\u1ea1n ph\u1ea3i mua tr\u01b0\u1edbc ng\u00e0y 13 th\u00e1ng 4 \u0111\u1ec3 \u0111\u1ee7 \u0111i\u1ec1u ki\u1ec7n; (2) Quy\u1ec1n bi\u1ec3u quy\u1ebft: Ch\u1ec9 nh\u1eefng ng\u01b0\u1eddi s\u1edf h\u1eefu c\u1ed5 ph\u1ea7n v\u00e0o ng\u00e0y ch\u1ed1t s\u1ed5 (7-14 ng\u00e0y tr\u01b0\u1edbc \u0110HC\u0110) m\u1edbi c\u00f3 quy\u1ec1n bi\u1ec3u quy\u1ebft. Kh\u1ea3o s\u00e1t n\u0103m 2025 c\u1ee7a Pocket Option cho th\u1ea5y ch\u1ec9 32% nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n th\u1ef1c hi\u1ec7n quy\u1ec1n n\u00e0y, so v\u1edbi 96% nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1ed5 ch\u1ee9c; (3) Quy\u1ec1n \u01b0u ti\u00ean mua th\u00eam c\u1ed5 phi\u1ebfu ph\u00e1t h\u00e0nh: D\u00e0nh cho nh\u1eefng ng\u01b0\u1eddi s\u1edf h\u1eefu c\u1ed5 ph\u1ea7n v\u00e0o ng\u00e0y ch\u1ed1t s\u1ed5, th\u01b0\u1eddng v\u1edbi gi\u00e1 \u01b0u \u0111\u00e3i th\u1ea5p h\u01a1n 15-30% so v\u1edbi th\u1ecb tr\u01b0\u1eddng. 58% nh\u00e0 \u0111\u1ea7u t\u01b0 th\u1ef1c hi\u1ec7n quy\u1ec1n n\u00e0y; (4) Quy\u1ec1n chuy\u1ec3n nh\u01b0\u1ee3ng: C\u1ed5 phi\u1ebfu ni\u00eam y\u1ebft chuy\u1ec3n nh\u01b0\u1ee3ng trong 1.5 ng\u00e0y, c\u1ed5 ph\u1ea7n trong c\u00f4ng ty ch\u01b0a ni\u00eam y\u1ebft m\u1ea5t 2 tu\u1ea7n \u0111\u1ebfn 3 th\u00e1ng; (5) Quy\u1ec1n ti\u1ebfp c\u1eadn th\u00f4ng tin: C\u1ed5 \u0111\u00f4ng c\u00f3 quy\u1ec1n xem x\u00e9t s\u1ed5 s\u00e1ch b\u00e1o c\u00e1o t\u00e0i ch\u00ednh chi ti\u1ebft, nh\u01b0ng ch\u1ec9 5% nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1eebng y\u00eau c\u1ea7u quy\u1ec1n n\u00e0y. Nh\u00e0 \u0111\u1ea7u t\u01b0 hi\u1ec3u v\u00e0 t\u1eadn d\u1ee5ng t\u1ed1t quy\u1ec1n c\u1ed5 ph\u1ea7n \u0111\u1ea1t hi\u1ec7u su\u1ea5t cao h\u01a1n 5.8% m\u1ed7i n\u0103m, theo nghi\u00ean c\u1ee9u c\u1ee7a Pocket Option tr\u00ean 1,750 nh\u00e0 \u0111\u1ea7u t\u01b0."},{"question":"L\u00e0m th\u1ebf n\u00e0o t\u00f4i c\u00f3 th\u1ec3 t\u1eadn d\u1ee5ng s\u1ef1 kh\u00e1c bi\u1ec7t gi\u1eefa c\u1ed5 ph\u1ea7n v\u00e0 c\u1ed5 phi\u1ebfu trong chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0?","answer":"\u0110\u1ec3 t\u1eadn d\u1ee5ng s\u1ef1 kh\u00e1c bi\u1ec7t gi\u1eefa c\u1ed5 phi\u1ebfu v\u00e0 c\u1ed5 ph\u1ea7n trong chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0, nh\u00e0 \u0111\u1ea7u t\u01b0 Vi\u1ec7t Nam n\u00ean \u00e1p d\u1ee5ng 5 chi\u1ebfn l\u01b0\u1ee3c ch\u00ednh: (1) L\u00ean l\u1ecbch giao d\u1ecbch theo s\u1ef1 ki\u1ec7n doanh nghi\u1ec7p: Mua c\u1ed5 phi\u1ebfu \u00edt nh\u1ea5t 2 ng\u00e0y l\u00e0m vi\u1ec7c tr\u01b0\u1edbc ng\u00e0y ch\u1ed1t quy\u1ec1n \u0111\u1ec3 \u0111\u1ea3m b\u1ea3o c\u00f4ng nh\u1eadn quy\u1ec1n s\u1edf h\u1eefu c\u1ed5 ph\u1ea7n v\u00e0 quy\u1ec1n l\u1ee3i. V\u00ed d\u1ee5: \u0111\u1ed1i v\u1edbi c\u1ed5 t\u1ee9c VCB v\u1edbi ng\u00e0y ch\u1ed1t quy\u1ec1n 15 th\u00e1ng 4 n\u0103m 2025, mua tr\u01b0\u1edbc ng\u00e0y 13 th\u00e1ng 4 \u0111\u1ec3 nh\u1eadn c\u1ed5 t\u1ee9c 8%; (2) \u00c1p d\u1ee5ng chi\u1ebfn l\u01b0\u1ee3c \"Quy\u1ec1n c\u1ed5 \u0111\u00f4ng ch\u1ee7 \u0111\u1ed9ng\": T\u00edch l\u0169y \u00edt nh\u1ea5t 1-5% c\u1ed5 ph\u1ea7n trong c\u00e1c c\u00f4ng ty ti\u1ec1m n\u0103ng, tham d\u1ef1 \u0110HC\u0110, \u0111\u1eb7t c\u00e2u h\u1ecfi v\u00e0 \u0111\u1ec1 xu\u1ea5t c\u1ea3i ti\u1ebfn. Chi\u1ebfn l\u01b0\u1ee3c n\u00e0y mang l\u1ea1i hi\u1ec7u su\u1ea5t v\u01b0\u1ee3t tr\u1ed9i 4.8-6.5%\/n\u0103m; (3) Ph\u00e2n b\u1ed5 danh m\u1ee5c theo m\u1ee5c ti\u00eau: C\u1ed5 t\u1ee9c \u1ed5n \u0111\u1ecbnh (VCB, POW: 30-40% danh m\u1ee5c), t\u0103ng tr\u01b0\u1edfng (FPT, MWG: 30-40%), c\u00e2n b\u1eb1ng (VNM, HPG: 20-30%) d\u1ef1a tr\u00ean quy\u1ec1n c\u1ed5 ph\u1ea7n; (4) K\u1ebft h\u1ee3p giao d\u1ecbch c\u1ed5 phi\u1ebfu ng\u1eafn h\u1ea1n v\u1edbi n\u1eafm gi\u1eef c\u1ed5 ph\u1ea7n d\u00e0i h\u1ea1n: 70% danh m\u1ee5c n\u1eafm gi\u1eef d\u00e0i h\u1ea1n (>1 n\u0103m) \u0111\u1ec3 t\u1eadn d\u1ee5ng quy\u1ec1n c\u1ed5 \u0111\u00f4ng, 30% cho giao d\u1ecbch ng\u1eafn h\u1ea1n \u0111\u1ec3 t\u1eadn d\u1ee5ng bi\u1ebfn \u0111\u1ed9ng gi\u00e1; (5) Chu\u1ea9n b\u1ecb cho m\u00e3 h\u00f3a: T\u00ecm hi\u1ec3u v\u1ec1 c\u00f4ng ngh\u1ec7 blockchain v\u00e0 c\u00e1ch giao d\u1ecbch m\u00e3 c\u1ed5 ph\u1ea7n khi th\u00ed \u0111i\u1ec3m b\u1eaft \u0111\u1ea7u v\u00e0o Q3\/2025 v\u1edbi FPT, TCB v\u00e0 MWG. D\u1eef li\u1ec7u t\u1eeb Pocket Option cho th\u1ea5y nh\u00e0 \u0111\u1ea7u t\u01b0 \u00e1p d\u1ee5ng c\u00e1c chi\u1ebfn l\u01b0\u1ee3c n\u00e0y \u0111\u1ea1t hi\u1ec7u su\u1ea5t trung b\u00ecnh 16.8%\/n\u0103m, cao h\u01a1n 5.8% so v\u1edbi nh\u00f3m kh\u00f4ng \u00e1p d\u1ee5ng."},{"question":"Nh\u1eefng xu h\u01b0\u1edbng m\u1edbi n\u00e0o s\u1ebd thay \u0111\u1ed5i m\u1ed1i quan h\u1ec7 gi\u1eefa c\u1ed5 phi\u1ebfu v\u00e0 ch\u1ee9ng kho\u00e1n trong t\u01b0\u01a1ng lai?","answer":"N\u0103m xu h\u01b0\u1edbng m\u1edbi s\u1ebd thay \u0111\u1ed5i c\u01a1 b\u1ea3n m\u1ed1i quan h\u1ec7 gi\u1eefa c\u1ed5 phi\u1ebfu v\u00e0 ch\u1ee9ng kho\u00e1n t\u1ea1i Vi\u1ec7t Nam trong 2-3 n\u0103m t\u1edbi: (1) Token h\u00f3a - chuy\u1ec3n \u0111\u1ed5i c\u1ed5 phi\u1ebfu th\u00e0nh token k\u1ef9 thu\u1eadt s\u1ed1 tr\u00ean blockchain, cho ph\u00e9p giao d\u1ecbch 24\/7 v\u00e0 chia nh\u1ecf \u0111\u1ebfn 0.001 c\u1ed5 phi\u1ebfu. \u1ee6y ban Ch\u1ee9ng kho\u00e1n s\u1ebd th\u00ed \u0111i\u1ec3m \u0111i\u1ec1u n\u00e0y t\u1eeb Q3\/2025 v\u1edbi FPT, TCB v\u00e0 MWG, l\u00e0m m\u1edd ranh gi\u1edbi gi\u1eefa c\u1ed5 phi\u1ebfu v\u00e0 ch\u1ee9ng kho\u00e1n; (2) Chu k\u1ef3 thanh to\u00e1n r\u00fat ng\u1eafn - t\u1eeb T+1.5 hi\u1ec7n t\u1ea1i xu\u1ed1ng T+1 v\u00e0o Q3\/2026, gi\u1ea3m kho\u1ea3ng c\u00e1ch th\u1eddi gian gi\u1eefa quy\u1ec1n s\u1edf h\u1eefu ch\u1ee9ng kho\u00e1n v\u00e0 quy\u1ec1n s\u1edf h\u1eefu c\u1ed5 phi\u1ebfu, t\u0103ng hi\u1ec7u qu\u1ea3 s\u1eed d\u1ee5ng v\u1ed1n l\u00ean 8-12%; (3) Phi v\u1eadt ch\u1ea5t h\u00f3a 100% c\u1ed5 phi\u1ebfu - hi\u1ec7n t\u1ea1i l\u00e0 99.8%, d\u1ef1 ki\u1ebfn \u0111\u1ea1t 100% v\u00e0o Q4\/2025, l\u00e0m cho giao d\u1ecbch nhanh h\u01a1n 15-20%; (4) C\u1ed5 phi\u1ebfu ESG v\u00e0 b\u1ec1n v\u1eefng - VNSI (VN Sustainability Index) ra m\u1eaft Q1\/2026 v\u1edbi 50 c\u1ed5 phi\u1ebfu \u0111\u1ea7u ti\u00ean, nh\u1ea5n m\u1ea1nh gi\u00e1 tr\u1ecb c\u1ed5 phi\u1ebfu d\u00e0i h\u1ea1n h\u01a1n l\u00e0 giao d\u1ecbch ch\u1ee9ng kho\u00e1n ng\u1eafn h\u1ea1n; (5) T\u0103ng c\u01b0\u1eddng quy\u1ec1n c\u1ee7a c\u1ed5 \u0111\u00f4ng thi\u1ec3u s\u1ed1 - Lu\u1eadt Ch\u1ee9ng kho\u00e1n s\u1eeda \u0111\u1ed5i d\u1ef1 ki\u1ebfn v\u00e0o 2026-2027 s\u1ebd b\u1ea3o v\u1ec7 quy\u1ec1n l\u1ee3i t\u1eeb c\u1ed5 phi\u1ebfu t\u1ed1t h\u01a1n. S\u1ef1 s\u1eb5n s\u00e0ng c\u1ee7a th\u1ecb tr\u01b0\u1eddng cho c\u00e1c xu h\u01b0\u1edbng n\u00e0y kh\u00e1c nhau: r\u1ea5t cao (95%) cho phi v\u1eadt ch\u1ea5t h\u00f3a, trung b\u00ecnh (60%) cho token h\u00f3a, v\u00e0 th\u1ea5p h\u01a1n (40%) cho b\u1ea3o v\u1ec7 quy\u1ec1n c\u1ed5 \u0111\u00f4ng thi\u1ec3u s\u1ed1. Theo chuy\u00ean gia Pocket Option Nguy\u1ec5n H\u1ed3ng Nam, nh\u1eefng thay \u0111\u1ed5i n\u00e0y s\u1ebd l\u00e0m cho gi\u00e1 tr\u1ecb c\u1ed1t l\u00f5i c\u1ee7a c\u1ed5 phi\u1ebfu (quy\u1ec1n c\u1ed5 \u0111\u00f4ng, ti\u1ec1m n\u0103ng t\u0103ng tr\u01b0\u1edfng c\u1ee7a c\u00f4ng ty) tr\u1edf n\u00ean quan tr\u1ecdng h\u01a1n trong quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0 thay v\u00ec ch\u1ec9 t\u1eadp trung v\u00e0o giao d\u1ecbch ch\u1ee9ng kho\u00e1n ng\u1eafn h\u1ea1n."}],"faq_source":{"label":"FAQ","type":"repeater","formatted_value":[{"question":"S\u1ef1 kh\u00e1c bi\u1ec7t gi\u1eefa c\u1ed5 phi\u1ebfu v\u00e0 c\u1ed5 ph\u1ea7n trong \u0111\u1ea7u t\u01b0 th\u1ef1c t\u1ebf l\u00e0 g\u00ec?","answer":"Trong th\u1ef1c ti\u1ec5n \u0111\u1ea7u t\u01b0 t\u1ea1i Vi\u1ec7t Nam, vi\u1ec7c ph\u00e2n bi\u1ec7t gi\u1eefa c\u1ed5 ph\u1ea7n v\u00e0 c\u1ed5 phi\u1ebfu r\u1ea5t quan tr\u1ecdng v\u00ec n\u00f3 \u1ea3nh h\u01b0\u1edfng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn quy\u1ec1n l\u1ee3i v\u00e0 l\u1ee3i nhu\u1eadn c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0. C\u1ed5 ph\u1ea7n \u0111\u1ea1i di\u1ec7n cho ph\u1ea7n v\u1ed1n th\u1ef1c t\u1ebf g\u00f3p v\u00e0o c\u00f4ng ty, th\u1ec3 hi\u1ec7n quy\u1ec1n s\u1edf h\u1eefu \u0111\u1ed1i v\u1edbi t\u00e0i s\u1ea3n v\u00e0 quy\u1ebft \u0111\u1ecbnh c\u1ee7a c\u00f4ng ty (theo \u0110i\u1ec1u 110, Lu\u1eadt Doanh nghi\u1ec7p 2020), trong khi c\u1ed5 phi\u1ebfu l\u00e0 ch\u1ee9ng ch\u1ec9 ho\u1eb7c ghi nh\u1eadn \u0111i\u1ec7n t\u1eed x\u00e1c nh\u1eadn quy\u1ec1n s\u1edf h\u1eefu nh\u1eefng c\u1ed5 ph\u1ea7n \u0111\u00f3 (theo \u0110i\u1ec1u 4, Lu\u1eadt Ch\u1ee9ng kho\u00e1n 2019). S\u1ef1 kh\u00e1c bi\u1ec7t n\u00e0y r\u00f5 r\u00e0ng nh\u1ea5t trong qu\u00e1 tr\u00ecnh giao d\u1ecbch T+1.5: khi b\u1ea1n mua 1.000 c\u1ed5 phi\u1ebfu VCB v\u00e0o ng\u00e0y 12\/4\/2025, b\u1ea1n s\u1edf h\u1eefu c\u1ed5 phi\u1ebfu ngay l\u1eadp t\u1ee9c, nh\u01b0ng ch\u1ec9 ch\u00ednh th\u1ee9c c\u00f3 c\u1ed5 ph\u1ea7n v\u00e0 \u0111\u01b0\u1ee3c ghi nh\u1eadn v\u00e0o s\u1ed5 \u0111\u0103ng k\u00fd c\u1ed5 \u0111\u00f4ng v\u00e0o tr\u01b0a ng\u00e0y 13\/4\/2025 (sau T+1.5). \u0110i\u1ec1u n\u00e0y \u0111\u1eb7c bi\u1ec7t quan tr\u1ecdng li\u00ean quan \u0111\u1ebfn quy\u1ec1n nh\u1eadn c\u1ed5 t\u1ee9c: n\u1ebfu VCB \u0111\u1eb7t ng\u00e0y ch\u1ed1t danh s\u00e1ch c\u1ed5 t\u1ee9c v\u00e0o ng\u00e0y 15\/4\/2025, mua v\u00e0o ng\u00e0y 12\/4 s\u1ebd \u0111\u1ee7 \u0111i\u1ec1u ki\u1ec7n nh\u1eadn quy\u1ec1n, nh\u01b0ng mua v\u00e0o ng\u00e0y 13\/4 s\u1ebd kh\u00f4ng, m\u1eb7c d\u00f9 \u0111\u00e3 s\u1edf h\u1eefu c\u1ed5 phi\u1ebfu. Theo m\u1ed9t kh\u1ea3o s\u00e1t c\u1ee7a Pocket Option n\u0103m 2025, 55% nh\u00e0 \u0111\u1ea7u t\u01b0 m\u1edbi \u0111\u00e3 b\u1ecf l\u1ee1 quy\u1ec1n nh\u1eadn c\u1ed5 t\u1ee9c do kh\u00f4ng hi\u1ec3u r\u00f5 kh\u00e1i ni\u1ec7m n\u00e0y."},{"question":"T\u00f4i c\u00f3 th\u1ec3 giao d\u1ecbch c\u1ed5 ph\u1ea7n t\u01b0\u01a1ng t\u1ef1 nh\u01b0 giao d\u1ecbch c\u1ed5 phi\u1ebfu kh\u00f4ng?","answer":"Kh\u00f4ng, \u1edf Vi\u1ec7t Nam b\u1ea1n kh\u00f4ng th\u1ec3 giao d\u1ecbch c\u1ed5 ph\u1ea7n tr\u1ef1c ti\u1ebfp nh\u01b0 giao d\u1ecbch c\u1ed5 phi\u1ebfu. C\u1ed5 ph\u1ea7n (quy\u1ec1n s\u1edf h\u1eefu th\u1ef1c t\u1ebf) ch\u1ec9 c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c chuy\u1ec3n nh\u01b0\u1ee3ng th\u00f4ng qua giao d\u1ecbch c\u1ed5 phi\u1ebfu (ch\u1ee9ng ch\u1ec9 \u0111\u1ea1i di\u1ec7n cho quy\u1ec1n s\u1edf h\u1eefu). Khi b\u1ea1n \u0111\u1eb7t l\u1ec7nh mua 1.000 c\u1ed5 phi\u1ebfu FPT v\u1edbi gi\u00e1 120.000 VND tr\u00ean s\u00e0n HOSE, b\u1ea1n \u0111ang giao d\u1ecbch c\u1ed5 phi\u1ebfu, kh\u00f4ng ph\u1ea3i c\u1ed5 ph\u1ea7n. Sau khi giao d\u1ecbch ho\u00e0n t\u1ea5t v\u00e0 tr\u1ea3i qua chu k\u1ef3 thanh to\u00e1n T+1.5, b\u1ea1n ch\u00ednh th\u1ee9c s\u1edf h\u1eefu c\u1ed5 ph\u1ea7n FPT. \u0110i\u1ec1u n\u00e0y gi\u1ea3i th\u00edch t\u1ea1i sao trong s\u1ed1 178.456 c\u00f4ng ty c\u1ed5 ph\u1ea7n t\u1ea1i Vi\u1ec7t Nam (theo d\u1eef li\u1ec7u th\u00e1ng 4\/2025), ch\u1ec9 c\u00f3 765 c\u00f4ng ty (0,43%) c\u00f3 c\u1ed5 phi\u1ebfu giao d\u1ecbch tr\u00ean s\u00e0n. \u1ede c\u00e1c c\u00f4ng ty ch\u01b0a ni\u00eam y\u1ebft, vi\u1ec7c chuy\u1ec3n nh\u01b0\u1ee3ng c\u1ed5 ph\u1ea7n di\u1ec5n ra th\u00f4ng qua h\u1ee3p \u0111\u1ed3ng chuy\u1ec3n nh\u01b0\u1ee3ng, c\u00f3 th\u1ec3 m\u1ea5t t\u1eeb 2 tu\u1ea7n \u0111\u1ebfn 3 th\u00e1ng \u0111\u1ec3 ho\u00e0n t\u1ea5t, m\u1ed9t s\u1ef1 kh\u00e1c bi\u1ec7t \u0111\u00e1ng k\u1ec3 so v\u1edbi giao d\u1ecbch c\u1ed5 phi\u1ebfu ni\u00eam y\u1ebft ch\u1ec9 m\u1ea5t 1,5 ng\u00e0y. Tuy nhi\u00ean, xu h\u01b0\u1edbng m\u00e3 h\u00f3a \u0111ang \u0111\u01b0\u1ee3c \u1ee6y ban Ch\u1ee9ng kho\u00e1n th\u00ed \u0111i\u1ec3m t\u1eeb Q3\/2025 v\u1edbi FPT, TCB v\u00e0 MWG c\u00f3 th\u1ec3 thay \u0111\u1ed5i t\u00ecnh h\u00ecnh, cho ph\u00e9p giao d\u1ecbch tr\u1ef1c ti\u1ebfp c\u00e1c ph\u1ea7n nh\u1ecf c\u1ee7a c\u1ed5 ph\u1ea7n (c\u1ed5 ph\u1ea7n l\u1ebb) th\u00f4ng qua blockchain, v\u1edbi giao d\u1ecbch 24\/7 kh\u00f4ng b\u1ecb gi\u1edbi h\u1ea1n b\u1edfi gi\u1edd giao d\u1ecbch c\u1ee7a s\u00e0n."},{"question":"C\u1ed5 phi\u1ebfu v\u00e0 c\u1ed5 ph\u1ea7n kh\u00e1c nhau nh\u01b0 th\u1ebf n\u00e0o v\u1ec1 quy\u1ec1n c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0?","answer":"S\u1ef1 kh\u00e1c bi\u1ec7t gi\u1eefa c\u1ed5 phi\u1ebfu v\u00e0 c\u1ed5 ph\u1ea7n v\u1ec1 quy\u1ec1n \u0111\u01b0\u1ee3c ph\u1ea3n \u00e1nh qua 5 \u0111i\u1ec3m ch\u00ednh: (1) Th\u1eddi \u0111i\u1ec3m c\u00f4ng nh\u1eadn quy\u1ec1n: Quy\u1ec1n s\u1edf h\u1eefu c\u1ed5 phi\u1ebfu l\u00e0 ngay l\u1eadp t\u1ee9c khi giao d\u1ecbch kh\u1edbp, nh\u01b0ng quy\u1ec1n c\u1ed5 \u0111\u00f4ng t\u1eeb c\u1ed5 ph\u1ea7n ch\u1ec9 \u0111\u01b0\u1ee3c c\u00f4ng nh\u1eadn sau T+1.5. \u0110i\u1ec1u n\u00e0y x\u00e1c \u0111\u1ecbnh quy\u1ec1n nh\u1eadn c\u1ed5 t\u1ee9c: n\u1ebfu VCB \u0111\u1eb7t ng\u00e0y ch\u1ed1t s\u1ed5 v\u00e0o ng\u00e0y 15 th\u00e1ng 4, b\u1ea1n ph\u1ea3i mua tr\u01b0\u1edbc ng\u00e0y 13 th\u00e1ng 4 \u0111\u1ec3 \u0111\u1ee7 \u0111i\u1ec1u ki\u1ec7n; (2) Quy\u1ec1n bi\u1ec3u quy\u1ebft: Ch\u1ec9 nh\u1eefng ng\u01b0\u1eddi s\u1edf h\u1eefu c\u1ed5 ph\u1ea7n v\u00e0o ng\u00e0y ch\u1ed1t s\u1ed5 (7-14 ng\u00e0y tr\u01b0\u1edbc \u0110HC\u0110) m\u1edbi c\u00f3 quy\u1ec1n bi\u1ec3u quy\u1ebft. Kh\u1ea3o s\u00e1t n\u0103m 2025 c\u1ee7a Pocket Option cho th\u1ea5y ch\u1ec9 32% nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n th\u1ef1c hi\u1ec7n quy\u1ec1n n\u00e0y, so v\u1edbi 96% nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1ed5 ch\u1ee9c; (3) Quy\u1ec1n \u01b0u ti\u00ean mua th\u00eam c\u1ed5 phi\u1ebfu ph\u00e1t h\u00e0nh: D\u00e0nh cho nh\u1eefng ng\u01b0\u1eddi s\u1edf h\u1eefu c\u1ed5 ph\u1ea7n v\u00e0o ng\u00e0y ch\u1ed1t s\u1ed5, th\u01b0\u1eddng v\u1edbi gi\u00e1 \u01b0u \u0111\u00e3i th\u1ea5p h\u01a1n 15-30% so v\u1edbi th\u1ecb tr\u01b0\u1eddng. 58% nh\u00e0 \u0111\u1ea7u t\u01b0 th\u1ef1c hi\u1ec7n quy\u1ec1n n\u00e0y; (4) Quy\u1ec1n chuy\u1ec3n nh\u01b0\u1ee3ng: C\u1ed5 phi\u1ebfu ni\u00eam y\u1ebft chuy\u1ec3n nh\u01b0\u1ee3ng trong 1.5 ng\u00e0y, c\u1ed5 ph\u1ea7n trong c\u00f4ng ty ch\u01b0a ni\u00eam y\u1ebft m\u1ea5t 2 tu\u1ea7n \u0111\u1ebfn 3 th\u00e1ng; (5) Quy\u1ec1n ti\u1ebfp c\u1eadn th\u00f4ng tin: C\u1ed5 \u0111\u00f4ng c\u00f3 quy\u1ec1n xem x\u00e9t s\u1ed5 s\u00e1ch b\u00e1o c\u00e1o t\u00e0i ch\u00ednh chi ti\u1ebft, nh\u01b0ng ch\u1ec9 5% nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1eebng y\u00eau c\u1ea7u quy\u1ec1n n\u00e0y. Nh\u00e0 \u0111\u1ea7u t\u01b0 hi\u1ec3u v\u00e0 t\u1eadn d\u1ee5ng t\u1ed1t quy\u1ec1n c\u1ed5 ph\u1ea7n \u0111\u1ea1t hi\u1ec7u su\u1ea5t cao h\u01a1n 5.8% m\u1ed7i n\u0103m, theo nghi\u00ean c\u1ee9u c\u1ee7a Pocket Option tr\u00ean 1,750 nh\u00e0 \u0111\u1ea7u t\u01b0."},{"question":"L\u00e0m th\u1ebf n\u00e0o t\u00f4i c\u00f3 th\u1ec3 t\u1eadn d\u1ee5ng s\u1ef1 kh\u00e1c bi\u1ec7t gi\u1eefa c\u1ed5 ph\u1ea7n v\u00e0 c\u1ed5 phi\u1ebfu trong chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0?","answer":"\u0110\u1ec3 t\u1eadn d\u1ee5ng s\u1ef1 kh\u00e1c bi\u1ec7t gi\u1eefa c\u1ed5 phi\u1ebfu v\u00e0 c\u1ed5 ph\u1ea7n trong chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0, nh\u00e0 \u0111\u1ea7u t\u01b0 Vi\u1ec7t Nam n\u00ean \u00e1p d\u1ee5ng 5 chi\u1ebfn l\u01b0\u1ee3c ch\u00ednh: (1) L\u00ean l\u1ecbch giao d\u1ecbch theo s\u1ef1 ki\u1ec7n doanh nghi\u1ec7p: Mua c\u1ed5 phi\u1ebfu \u00edt nh\u1ea5t 2 ng\u00e0y l\u00e0m vi\u1ec7c tr\u01b0\u1edbc ng\u00e0y ch\u1ed1t quy\u1ec1n \u0111\u1ec3 \u0111\u1ea3m b\u1ea3o c\u00f4ng nh\u1eadn quy\u1ec1n s\u1edf h\u1eefu c\u1ed5 ph\u1ea7n v\u00e0 quy\u1ec1n l\u1ee3i. V\u00ed d\u1ee5: \u0111\u1ed1i v\u1edbi c\u1ed5 t\u1ee9c VCB v\u1edbi ng\u00e0y ch\u1ed1t quy\u1ec1n 15 th\u00e1ng 4 n\u0103m 2025, mua tr\u01b0\u1edbc ng\u00e0y 13 th\u00e1ng 4 \u0111\u1ec3 nh\u1eadn c\u1ed5 t\u1ee9c 8%; (2) \u00c1p d\u1ee5ng chi\u1ebfn l\u01b0\u1ee3c \"Quy\u1ec1n c\u1ed5 \u0111\u00f4ng ch\u1ee7 \u0111\u1ed9ng\": T\u00edch l\u0169y \u00edt nh\u1ea5t 1-5% c\u1ed5 ph\u1ea7n trong c\u00e1c c\u00f4ng ty ti\u1ec1m n\u0103ng, tham d\u1ef1 \u0110HC\u0110, \u0111\u1eb7t c\u00e2u h\u1ecfi v\u00e0 \u0111\u1ec1 xu\u1ea5t c\u1ea3i ti\u1ebfn. Chi\u1ebfn l\u01b0\u1ee3c n\u00e0y mang l\u1ea1i hi\u1ec7u su\u1ea5t v\u01b0\u1ee3t tr\u1ed9i 4.8-6.5%\/n\u0103m; (3) Ph\u00e2n b\u1ed5 danh m\u1ee5c theo m\u1ee5c ti\u00eau: C\u1ed5 t\u1ee9c \u1ed5n \u0111\u1ecbnh (VCB, POW: 30-40% danh m\u1ee5c), t\u0103ng tr\u01b0\u1edfng (FPT, MWG: 30-40%), c\u00e2n b\u1eb1ng (VNM, HPG: 20-30%) d\u1ef1a tr\u00ean quy\u1ec1n c\u1ed5 ph\u1ea7n; (4) K\u1ebft h\u1ee3p giao d\u1ecbch c\u1ed5 phi\u1ebfu ng\u1eafn h\u1ea1n v\u1edbi n\u1eafm gi\u1eef c\u1ed5 ph\u1ea7n d\u00e0i h\u1ea1n: 70% danh m\u1ee5c n\u1eafm gi\u1eef d\u00e0i h\u1ea1n (>1 n\u0103m) \u0111\u1ec3 t\u1eadn d\u1ee5ng quy\u1ec1n c\u1ed5 \u0111\u00f4ng, 30% cho giao d\u1ecbch ng\u1eafn h\u1ea1n \u0111\u1ec3 t\u1eadn d\u1ee5ng bi\u1ebfn \u0111\u1ed9ng gi\u00e1; (5) Chu\u1ea9n b\u1ecb cho m\u00e3 h\u00f3a: T\u00ecm hi\u1ec3u v\u1ec1 c\u00f4ng ngh\u1ec7 blockchain v\u00e0 c\u00e1ch giao d\u1ecbch m\u00e3 c\u1ed5 ph\u1ea7n khi th\u00ed \u0111i\u1ec3m b\u1eaft \u0111\u1ea7u v\u00e0o Q3\/2025 v\u1edbi FPT, TCB v\u00e0 MWG. D\u1eef li\u1ec7u t\u1eeb Pocket Option cho th\u1ea5y nh\u00e0 \u0111\u1ea7u t\u01b0 \u00e1p d\u1ee5ng c\u00e1c chi\u1ebfn l\u01b0\u1ee3c n\u00e0y \u0111\u1ea1t hi\u1ec7u su\u1ea5t trung b\u00ecnh 16.8%\/n\u0103m, cao h\u01a1n 5.8% so v\u1edbi nh\u00f3m kh\u00f4ng \u00e1p d\u1ee5ng."},{"question":"Nh\u1eefng xu h\u01b0\u1edbng m\u1edbi n\u00e0o s\u1ebd thay \u0111\u1ed5i m\u1ed1i quan h\u1ec7 gi\u1eefa c\u1ed5 phi\u1ebfu v\u00e0 ch\u1ee9ng kho\u00e1n trong t\u01b0\u01a1ng lai?","answer":"N\u0103m xu h\u01b0\u1edbng m\u1edbi s\u1ebd thay \u0111\u1ed5i c\u01a1 b\u1ea3n m\u1ed1i quan h\u1ec7 gi\u1eefa c\u1ed5 phi\u1ebfu v\u00e0 ch\u1ee9ng kho\u00e1n t\u1ea1i Vi\u1ec7t Nam trong 2-3 n\u0103m t\u1edbi: (1) Token h\u00f3a - chuy\u1ec3n \u0111\u1ed5i c\u1ed5 phi\u1ebfu th\u00e0nh token k\u1ef9 thu\u1eadt s\u1ed1 tr\u00ean blockchain, cho ph\u00e9p giao d\u1ecbch 24\/7 v\u00e0 chia nh\u1ecf \u0111\u1ebfn 0.001 c\u1ed5 phi\u1ebfu. \u1ee6y ban Ch\u1ee9ng kho\u00e1n s\u1ebd th\u00ed \u0111i\u1ec3m \u0111i\u1ec1u n\u00e0y t\u1eeb Q3\/2025 v\u1edbi FPT, TCB v\u00e0 MWG, l\u00e0m m\u1edd ranh gi\u1edbi gi\u1eefa c\u1ed5 phi\u1ebfu v\u00e0 ch\u1ee9ng kho\u00e1n; (2) Chu k\u1ef3 thanh to\u00e1n r\u00fat ng\u1eafn - t\u1eeb T+1.5 hi\u1ec7n t\u1ea1i xu\u1ed1ng T+1 v\u00e0o Q3\/2026, gi\u1ea3m kho\u1ea3ng c\u00e1ch th\u1eddi gian gi\u1eefa quy\u1ec1n s\u1edf h\u1eefu ch\u1ee9ng kho\u00e1n v\u00e0 quy\u1ec1n s\u1edf h\u1eefu c\u1ed5 phi\u1ebfu, t\u0103ng hi\u1ec7u qu\u1ea3 s\u1eed d\u1ee5ng v\u1ed1n l\u00ean 8-12%; (3) Phi v\u1eadt ch\u1ea5t h\u00f3a 100% c\u1ed5 phi\u1ebfu - hi\u1ec7n t\u1ea1i l\u00e0 99.8%, d\u1ef1 ki\u1ebfn \u0111\u1ea1t 100% v\u00e0o Q4\/2025, l\u00e0m cho giao d\u1ecbch nhanh h\u01a1n 15-20%; (4) C\u1ed5 phi\u1ebfu ESG v\u00e0 b\u1ec1n v\u1eefng - VNSI (VN Sustainability Index) ra m\u1eaft Q1\/2026 v\u1edbi 50 c\u1ed5 phi\u1ebfu \u0111\u1ea7u ti\u00ean, nh\u1ea5n m\u1ea1nh gi\u00e1 tr\u1ecb c\u1ed5 phi\u1ebfu d\u00e0i h\u1ea1n h\u01a1n l\u00e0 giao d\u1ecbch ch\u1ee9ng kho\u00e1n ng\u1eafn h\u1ea1n; (5) T\u0103ng c\u01b0\u1eddng quy\u1ec1n c\u1ee7a c\u1ed5 \u0111\u00f4ng thi\u1ec3u s\u1ed1 - Lu\u1eadt Ch\u1ee9ng kho\u00e1n s\u1eeda \u0111\u1ed5i d\u1ef1 ki\u1ebfn v\u00e0o 2026-2027 s\u1ebd b\u1ea3o v\u1ec7 quy\u1ec1n l\u1ee3i t\u1eeb c\u1ed5 phi\u1ebfu t\u1ed1t h\u01a1n. S\u1ef1 s\u1eb5n s\u00e0ng c\u1ee7a th\u1ecb tr\u01b0\u1eddng cho c\u00e1c xu h\u01b0\u1edbng n\u00e0y kh\u00e1c nhau: r\u1ea5t cao (95%) cho phi v\u1eadt ch\u1ea5t h\u00f3a, trung b\u00ecnh (60%) cho token h\u00f3a, v\u00e0 th\u1ea5p h\u01a1n (40%) cho b\u1ea3o v\u1ec7 quy\u1ec1n c\u1ed5 \u0111\u00f4ng thi\u1ec3u s\u1ed1. Theo chuy\u00ean gia Pocket Option Nguy\u1ec5n H\u1ed3ng Nam, nh\u1eefng thay \u0111\u1ed5i n\u00e0y s\u1ebd l\u00e0m cho gi\u00e1 tr\u1ecb c\u1ed1t l\u00f5i c\u1ee7a c\u1ed5 phi\u1ebfu (quy\u1ec1n c\u1ed5 \u0111\u00f4ng, ti\u1ec1m n\u0103ng t\u0103ng tr\u01b0\u1edfng c\u1ee7a c\u00f4ng ty) tr\u1edf n\u00ean quan tr\u1ecdng h\u01a1n trong quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0 thay v\u00ec ch\u1ec9 t\u1eadp trung v\u00e0o giao d\u1ecbch ch\u1ee9ng kho\u00e1n ng\u1eafn h\u1ea1n."}]}},"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 v\u00e0 C\u1ed5 ph\u1ea7n: 5 S\u1ef1 Kh\u00e1c Bi\u1ec7t Quan Tr\u1ecdng Nh\u00e0 \u0110\u1ea7u T\u01b0 C\u1ea7n Bi\u1ebft 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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OK"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/pocketoption.com\/blog\/vt\/knowledge-base\/trading\/stocks-and-stocks\/#article","isPartOf":{"@id":"https:\/\/pocketoption.com\/blog\/vt\/knowledge-base\/trading\/stocks-and-stocks\/"},"author":{"name":"Igor OK","@id":"https:\/\/pocketoption.com\/blog\/vt\/#\/schema\/person\/05fda70241a3f566579f07d29b86abe1"},"headline":"C\u1ed5 phi\u1ebfu v\u00e0 C\u1ed5 ph\u1ea7n: 5 S\u1ef1 Kh\u00e1c Bi\u1ec7t Quan Tr\u1ecdng Nh\u00e0 \u0110\u1ea7u T\u01b0 C\u1ea7n Bi\u1ebft v\u00e0o n\u0103m 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