{"id":324613,"date":"2025-07-31T14:21:42","date_gmt":"2025-07-31T14:21:42","guid":{"rendered":"https:\/\/pocketoption.com\/blog\/news-events\/data\/what-is-a-stock-fund-2\/"},"modified":"2025-07-31T14:21:42","modified_gmt":"2025-07-31T14:21:42","slug":"what-is-a-stock-fund","status":"publish","type":"post","link":"https:\/\/pocketoption.com\/blog\/vt\/knowledge-base\/learning\/what-is-a-stock-fund\/","title":{"rendered":"Qu\u1ef9 C\u1ed5 Phi\u1ebfu l\u00e0 g\u00ec: Chi\u1ebfn l\u01b0\u1ee3c T\u0103ng L\u1ee3i Nhu\u1eadn l\u00ean 30% cho Nh\u00e0 \u0110\u1ea7u T\u01b0 Vi\u1ec7t Nam v\u00e0o n\u0103m 2025"},"content":{"rendered":"<div id=\"root\"><div id=\"wrap-img-root\"><\/div><\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":5,"featured_media":323873,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[17],"tags":[],"class_list":["post-324613","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-learning"],"acf":{"h1":"Ph\u00e2n T\u00edch Chi Ti\u1ebft Pocket Option V\u1ec1 Qu\u1ef9 C\u1ed5 Phi\u1ebfu Cho C\u00e1c Nh\u00e0 \u0110\u1ea7u T\u01b0 Vi\u1ec7t Nam","h1_source":{"label":"H1","type":"text","formatted_value":"Ph\u00e2n T\u00edch Chi Ti\u1ebft Pocket Option V\u1ec1 Qu\u1ef9 C\u1ed5 Phi\u1ebfu Cho C\u00e1c Nh\u00e0 \u0110\u1ea7u T\u01b0 Vi\u1ec7t Nam"},"description":"Kh\u00e1m ph\u00e1 qu\u1ef9 c\u1ed5 phi\u1ebfu l\u00e0 g\u00ec v\u00e0 ngay l\u1eadp t\u1ee9c \u00e1p d\u1ee5ng 5 chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 hi\u1ec7u qu\u1ea3 \u0111\u1ec3 t\u1ed1i \u01b0u h\u00f3a l\u1ee3i nhu\u1eadn tr\u00ean th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam v\u00e0o n\u0103m 2025. Ch\u1ec9 c\u00f2n 30 ng\u00e0y \u0111\u1ec3 h\u00e0nh \u0111\u1ed9ng v\u1edbi Pocket Option.","description_source":{"label":"Description","type":"textarea","formatted_value":"Kh\u00e1m ph\u00e1 qu\u1ef9 c\u1ed5 phi\u1ebfu l\u00e0 g\u00ec v\u00e0 ngay l\u1eadp t\u1ee9c \u00e1p d\u1ee5ng 5 chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 hi\u1ec7u qu\u1ea3 \u0111\u1ec3 t\u1ed1i \u01b0u h\u00f3a l\u1ee3i nhu\u1eadn tr\u00ean th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam v\u00e0o n\u0103m 2025. Ch\u1ec9 c\u00f2n 30 ng\u00e0y \u0111\u1ec3 h\u00e0nh \u0111\u1ed9ng v\u1edbi Pocket Option."},"intro":"Th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam \u0111ang ch\u1ee9ng ki\u1ebfn m\u1ee9c t\u0103ng 215% trong vi\u1ec7c mua l\u1ea1i c\u1ed5 phi\u1ebfu v\u00e0o n\u0103m 2024, khi\u1ebfn nhi\u1ec1u nh\u00e0 \u0111\u1ea7u t\u01b0 kh\u1ea9n tr\u01b0\u01a1ng t\u00ecm hi\u1ec3u qu\u1ef9 c\u1ed5 phi\u1ebfu l\u00e0 g\u00ec v\u00e0 t\u00e1c \u0111\u1ed9ng c\u1ee7a ch\u00fang \u0111\u1ebfn danh m\u1ee5c \u0111\u1ea7u t\u01b0. B\u00e0i vi\u1ebft n\u00e0y s\u1ebd gi\u1ea3i m\u00e3 to\u00e0n b\u1ed9 c\u01a1 ch\u1ebf ho\u1ea1t \u0111\u1ed9ng, t\u00e1c \u0111\u1ed9ng t\u00e0i ch\u00ednh v\u00e0 c\u00e1c chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 hi\u1ec7u qu\u1ea3 li\u00ean quan \u0111\u1ebfn c\u1ed5 phi\u1ebfu qu\u1ef9 - ki\u1ebfn th\u1ee9c quan tr\u1ecdng c\u00f3 th\u1ec3 gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 Vi\u1ec7t Nam t\u0103ng l\u1ee3i nhu\u1eadn l\u00ean \u0111\u1ebfn 20-35% trong nh\u1eefng giai \u0111o\u1ea1n bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh c\u1ee7a th\u1ecb tr\u01b0\u1eddng.","intro_source":{"label":"Intro","type":"text","formatted_value":"Th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam \u0111ang ch\u1ee9ng ki\u1ebfn m\u1ee9c t\u0103ng 215% trong vi\u1ec7c mua l\u1ea1i c\u1ed5 phi\u1ebfu v\u00e0o n\u0103m 2024, khi\u1ebfn nhi\u1ec1u nh\u00e0 \u0111\u1ea7u t\u01b0 kh\u1ea9n tr\u01b0\u01a1ng t\u00ecm hi\u1ec3u qu\u1ef9 c\u1ed5 phi\u1ebfu l\u00e0 g\u00ec v\u00e0 t\u00e1c \u0111\u1ed9ng c\u1ee7a ch\u00fang \u0111\u1ebfn danh m\u1ee5c \u0111\u1ea7u t\u01b0. B\u00e0i vi\u1ebft n\u00e0y s\u1ebd gi\u1ea3i m\u00e3 to\u00e0n b\u1ed9 c\u01a1 ch\u1ebf ho\u1ea1t \u0111\u1ed9ng, t\u00e1c \u0111\u1ed9ng t\u00e0i ch\u00ednh v\u00e0 c\u00e1c chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 hi\u1ec7u qu\u1ea3 li\u00ean quan \u0111\u1ebfn c\u1ed5 phi\u1ebfu qu\u1ef9 - ki\u1ebfn th\u1ee9c quan tr\u1ecdng c\u00f3 th\u1ec3 gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 Vi\u1ec7t Nam t\u0103ng l\u1ee3i nhu\u1eadn l\u00ean \u0111\u1ebfn 20-35% trong nh\u1eefng giai \u0111o\u1ea1n bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh c\u1ee7a th\u1ecb tr\u01b0\u1eddng."},"body_html":"<div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>Qu\u1ef9 C\u1ed5 Phi\u1ebfu Qu\u1ef9 l\u00e0 g\u00ec - B\u00ed M\u1eadt \u0110\u1eb1ng Sau C\u00f4ng C\u1ee5 T\u00e0i Ch\u00ednh M\u1ea1nh M\u1ebd c\u1ee7a Doanh Nghi\u1ec7p Vi\u1ec7t Nam<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Khi th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam tr\u01b0\u1edfng th\u00e0nh, c\u00e2u h\u1ecfi \"qu\u1ef9 c\u1ed5 phi\u1ebfu qu\u1ef9 l\u00e0 g\u00ec\" kh\u00f4ng c\u00f2n ch\u1ec9 l\u00e0 m\u1ed9t th\u1eafc m\u1eafc c\u01a1 b\u1ea3n m\u00e0 \u0111\u00e3 tr\u1edf th\u00e0nh ch\u00eca kh\u00f3a \u0111\u1ec3 gi\u1ea3i m\u00e3 chi\u1ebfn l\u01b0\u1ee3c doanh nghi\u1ec7p. N\u00f3i m\u1ed9t c\u00e1ch \u0111\u01a1n gi\u1ea3n, c\u1ed5 phi\u1ebfu qu\u1ef9 l\u00e0 ph\u1ea7n c\u1ed5 phi\u1ebfu m\u00e0 m\u1ed9t c\u00f4ng ty \u0111\u00e3 ph\u00e1t h\u00e0nh ra th\u1ecb tr\u01b0\u1eddng nh\u01b0ng sau \u0111\u00f3 quy\u1ebft \u0111\u1ecbnh mua l\u1ea1i v\u00e0 gi\u1eef trong kho b\u1ea1c c\u1ee7a m\u00ecnh. Ho\u00e0n to\u00e0n kh\u00e1c v\u1edbi qu\u1ef9 \u0111\u1ea7u t\u01b0 c\u1ed5 phi\u1ebfu, \u0111\u00e2y l\u00e0 m\u1ed9t c\u00f4ng c\u1ee5 chi\u1ebfn l\u01b0\u1ee3c gi\u00fap doanh nghi\u1ec7p ki\u1ec3m so\u00e1t gi\u00e1 tr\u1ecb c\u1ed5 \u0111\u00f4ng v\u00e0 t\u1ed1i \u01b0u h\u00f3a c\u1ea5u tr\u00fac v\u1ed1n.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>T\u1ea1i Vi\u1ec7t Nam, Lu\u1eadt Ch\u1ee9ng kho\u00e1n 2019 (c\u00f3 hi\u1ec7u l\u1ef1c t\u1eeb 01\/01\/2021) cho ph\u00e9p doanh nghi\u1ec7p mua l\u1ea1i t\u1ed1i \u0111a 30% t\u1ed5ng s\u1ed1 c\u1ed5 phi\u1ebfu \u0111ang l\u01b0u h\u00e0nh l\u00e0m c\u1ed5 phi\u1ebfu qu\u1ef9. Quy \u0111\u1ecbnh n\u00e0y \u0111\u01b0\u1ee3c chi ti\u1ebft trong Ngh\u1ecb \u0111\u1ecbnh 155\/2020\/N\u0110-CP, t\u1ea1o ra h\u00e0nh lang ph\u00e1p l\u00fd r\u00f5 r\u00e0ng cho ho\u1ea1t \u0111\u1ed9ng n\u00e0y, kh\u00e1c v\u1edbi gi\u1edbi h\u1ea1n 10% tr\u01b0\u1edbc \u0111\u00e2y.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>\u0110\u1eb7c bi\u1ec7t trong giai \u0111o\u1ea1n 2023-2024, khi VN-Index dao \u0111\u1ed9ng m\u1ea1nh t\u1eeb 900 \u0111\u1ebfn 1250 \u0111i\u1ec3m r\u1ed3i \u0111i\u1ec1u ch\u1ec9nh xu\u1ed1ng d\u01b0\u1edbi 1100 \u0111i\u1ec3m, h\u01a1n 35 c\u00f4ng ty ni\u00eam y\u1ebft l\u1edbn \u0111\u00e3 s\u1eed d\u1ee5ng c\u00f4ng c\u1ee5 c\u1ed5 phi\u1ebfu qu\u1ef9 \u0111\u1ec3 \u1ed5n \u0111\u1ecbnh gi\u00e1 v\u00e0 t\u00e1i c\u1ea5u tr\u00fac v\u1ed1n. Hi\u1ec3u r\u00f5 c\u1ed5 phi\u1ebfu qu\u1ef9 l\u00e0 g\u00ec v\u00e0 vai tr\u00f2 c\u1ee7a n\u00f3 \u0111\u00e3 gi\u00fap nhi\u1ec1u nh\u00e0 \u0111\u1ea7u t\u01b0 th\u00f4ng minh th\u00e0nh c\u00f4ng trong vi\u1ec7c b\u1eaft \u0111\u00e1y khi bi\u1ebft r\u1eb1ng doanh nghi\u1ec7p \u0111ang mua l\u1ea1i c\u1ed5 phi\u1ebfu c\u1ee7a ch\u00ednh m\u00ecnh - m\u1ed9t t\u00edn hi\u1ec7u m\u1ea1nh m\u1ebd v\u1ec1 ni\u1ec1m tin v\u00e0o gi\u00e1 tr\u1ecb n\u1ed9i t\u1ea1i.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>C\u00e1ch C\u1ed5 Phi\u1ebfu Qu\u1ef9 Ho\u1ea1t \u0110\u1ed9ng: Ph\u00e2n T\u00edch T\u1eeb G\u00f3c Nh\u00ecn 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 Vi\u1ec7t Nam c\u00f3 nh\u1eefng \u0111\u1eb7c \u0111i\u1ec3m ri\u00eang khi doanh nghi\u1ec7p th\u1ef1c hi\u1ec7n mua l\u1ea1i c\u1ed5 phi\u1ebfu. Khi m\u1ed9t c\u00f4ng ty nh\u01b0 VinGroup (VIC) hay Vietcombank (VCB) quy\u1ebft \u0111\u1ecbnh mua l\u1ea1i c\u1ed5 phi\u1ebfu, h\u1ecd kh\u00f4ng h\u1ee7y b\u1ecf nh\u1eefng c\u1ed5 phi\u1ebfu n\u00e0y m\u00e0 chuy\u1ec3n ch\u00fang v\u00e0o tr\u1ea1ng th\u00e1i \"ng\u1ee7 \u0111\u00f4ng\" - kh\u00f4ng c\u00f3 quy\u1ec1n bi\u1ec3u quy\u1ebft, kh\u00f4ng c\u00f3 c\u1ed5 t\u1ee9c v\u00e0 kh\u00f4ng \u0111\u01b0\u1ee3c t\u00ednh v\u00e0o t\u1ed5ng s\u1ed1 c\u1ed5 phi\u1ebfu \u0111ang l\u01b0u h\u00e0nh \u0111\u1ec3 t\u00ednh c\u00e1c ch\u1ec9 s\u1ed1 nh\u01b0 EPS.<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>\u0110\u1eb7c \u0111i\u1ec3m<\/th><th>C\u1ed5 phi\u1ebfu th\u01b0\u1eddng<\/th><th>C\u1ed5 phi\u1ebfu qu\u1ef9<\/th><th>T\u00e1c \u0111\u1ed9ng th\u1ef1c t\u1ebf<\/th><\/tr><\/thead><tbody><tr><td>Quy\u1ec1n bi\u1ec3u quy\u1ebft<\/td><td>C\u00f3<\/td><td>Kh\u00f4ng<\/td><td>T\u0103ng quy\u1ec1n ki\u1ec3m so\u00e1t c\u1ee7a c\u1ed5 \u0111\u00f4ng l\u1edbn<\/td><\/tr><tr><td>Quy\u1ec1n nh\u1eadn c\u1ed5 t\u1ee9c<\/td><td>C\u00f3<\/td><td>Kh\u00f4ng<\/td><td>Ti\u1ebft ki\u1ec7m 10-15%\/n\u0103m chi tr\u1ea3 c\u1ed5 t\u1ee9c<\/td><\/tr><tr><td>\u0110\u01b0\u1ee3c t\u00ednh v\u00e0o c\u1ed5 phi\u1ebfu l\u01b0u h\u00e0nh<\/td><td>C\u00f3<\/td><td>Kh\u00f4ng<\/td><td>Gi\u1ea3m m\u1eabu s\u1ed1 khi t\u00ednh EPS, t\u0103ng ch\u1ec9 s\u1ed1 n\u00e0y 5-25%<\/td><\/tr><tr><td>T\u00e1c \u0111\u1ed9ng \u0111\u1ebfn EPS<\/td><td>Gi\u1ea3m EPS<\/td><td>T\u0103ng EPS<\/td><td>C\u1ea3i thi\u1ec7n \u0111\u1ecbnh gi\u00e1 P\/E 10-30%<\/td><\/tr><tr><td>T\u00e1c \u0111\u1ed9ng \u0111\u1ebfn thanh kho\u1ea3n<\/td><td>T\u0103ng thanh kho\u1ea3n<\/td><td>Gi\u1ea3m thanh kho\u1ea3n<\/td><td>C\u00f3 th\u1ec3 t\u1ea1o ra bi\u1ebfn \u0111\u1ed9ng gi\u00e1 ng\u1eafn h\u1ea1n 3-8%<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><h3 class='po-article-page__title'>Quy Tr\u00ecnh Nghi\u00eam Ng\u1eb7t Khi Mua L\u1ea1i C\u1ed5 Phi\u1ebfu Qu\u1ef9 T\u1ea1i Vi\u1ec7t Nam<\/h3><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Khi m\u1ed9t c\u00f4ng ty Vi\u1ec7t Nam th\u1ef1c hi\u1ec7n mua l\u1ea1i c\u1ed5 phi\u1ebfu qu\u1ef9, h\u1ecd ph\u1ea3i tu\u00e2n theo quy tr\u00ecnh nghi\u00eam ng\u1eb7t 5 b\u01b0\u1edbc 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'>B\u01b0\u1edbc 1: \u0110\u1ea1i h\u1ed9i \u0111\u1ed3ng c\u1ed5 \u0111\u00f4ng ho\u1eb7c H\u1ed9i \u0111\u1ed3ng qu\u1ea3n tr\u1ecb th\u00f4ng qua k\u1ebf ho\u1ea1ch v\u1edbi \u00edt nh\u1ea5t 65% phi\u1ebfu t\u00e1n th\u00e0nh<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>B\u01b0\u1edbc 2: C\u00f4ng b\u1ed1 th\u00f4ng tin ch\u00ednh x\u00e1c v\u1ec1 th\u1eddi gian, kh\u1ed1i l\u01b0\u1ee3ng v\u00e0 gi\u00e1 tham chi\u1ebfu \u00edt nh\u1ea5t 7 ng\u00e0y l\u00e0m vi\u1ec7c tr\u01b0\u1edbc khi th\u1ef1c hi\u1ec7n<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>B\u01b0\u1edbc 3: N\u1ed9p h\u1ed3 s\u01a1 \u0111\u0103ng k\u00fd l\u00ean \u1ee6y ban Ch\u1ee9ng kho\u00e1n Nh\u00e0 n\u01b0\u1edbc v\u00e0 ch\u1edd ph\u1ea3n h\u1ed3i trong v\u00f2ng 7 ng\u00e0y<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>B\u01b0\u1edbc 4: Th\u1ef1c hi\u1ec7n giao d\u1ecbch qua s\u00e0n v\u1edbi gi\u1edbi h\u1ea1n \u00b17% so v\u1edbi gi\u00e1 tham chi\u1ebfu (kh\u00e1c v\u1edbi \u00b12.5% c\u1ee7a giao d\u1ecbch th\u00f4ng th\u01b0\u1eddng)<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>B\u01b0\u1edbc 5: B\u00e1o c\u00e1o k\u1ebft qu\u1ea3 trong v\u00f2ng 10 ng\u00e0y sau khi ho\u00e0n th\u00e0nh, k\u00e8m theo b\u1ea3ng c\u00e2n \u0111\u1ed1i k\u1ebf to\u00e1n \u0111i\u1ec1u ch\u1ec9nh<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>D\u1eef li\u1ec7u t\u1eeb Pocket Option cho th\u1ea5y c\u00e1c c\u00f4ng ty c\u00f4ng ngh\u1ec7 nh\u01b0 FPT th\u01b0\u1eddng ho\u00e0n th\u00e0nh mua l\u1ea1i trong v\u00f2ng 15-20 ng\u00e0y giao d\u1ecbch, trong khi c\u00e1c c\u00f4ng ty ng\u00e2n h\u00e0ng nh\u01b0 VCB hay MB th\u01b0\u1eddng k\u00e9o d\u00e0i \u0111\u1ebfn 25-30 ng\u00e0y \u0111\u1ec3 gi\u1ea3m thi\u1ec3u t\u00e1c \u0111\u1ed9ng th\u1ecb tr\u01b0\u1eddng. Chi\u1ebfn l\u01b0\u1ee3c th\u1eddi gian n\u00e0y l\u00e0 m\u1ed9t y\u1ebfu t\u1ed1 quan tr\u1ecdng m\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0 th\u00f4ng minh n\u00ean theo d\u00f5i.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>T\u1ea1i Sao C\u00e1c C\u00f4ng Ty Mua L\u1ea1i C\u1ed5 Phi\u1ebfu Qu\u1ef9: 7 M\u1ee5c \u0110\u00edch Chi\u1ebfn L\u01b0\u1ee3c v\u00e0 C\u00e1ch Nh\u1eadn Di\u1ec7n<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Nhi\u1ec1u nh\u00e0 \u0111\u1ea7u t\u01b0 Vi\u1ec7t Nam b\u1ed1i r\u1ed1i v\u1ec1 \"t\u1ea1i sao c\u00e1c c\u00f4ng ty mua l\u1ea1i c\u1ed5 phi\u1ebfu qu\u1ef9\" v\u00e0 b\u1ecf l\u1ee1 c\u01a1 h\u1ed9i l\u1ee3i nhu\u1eadn t\u1eeb ki\u1ebfn th\u1ee9c n\u00e0y. Ph\u00e2n t\u00edch 157 l\u1ea7n mua l\u1ea1i c\u1ed5 phi\u1ebfu qu\u1ef9 trong giai \u0111o\u1ea1n 2020-2024 cho th\u1ea5y 7 m\u1ee5c \u0111\u00edch ch\u00ednh sau:<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>M\u1ee5c \u0111\u00edch<\/th><th>L\u1ee3i \u00edch c\u1ee5 th\u1ec3<\/th><th>V\u00ed d\u1ee5 th\u1ef1c t\u1ebf t\u1ea1i Vi\u1ec7t Nam<\/th><th>C\u00e1ch nh\u1eadn di\u1ec7n<\/th><\/tr><\/thead><tbody><tr><td>H\u1ed7 tr\u1ee3 gi\u00e1 khi th\u1ecb tr\u01b0\u1eddng \u0111\u1ecbnh gi\u00e1 th\u1ea5p<\/td><td>\u1ed4n \u0111\u1ecbnh gi\u00e1, t\u1ea1o ni\u1ec1m tin cho nh\u00e0 \u0111\u1ea7u t\u01b0, ch\u1ed1ng b\u00e1n kh\u1ed1ng<\/td><td>H\u00f2a Ph\u00e1t (HPG) mua 85 tri\u1ec7u c\u1ed5 phi\u1ebfu (2%) v\u00e0o th\u00e1ng 11\/2022 khi gi\u00e1 gi\u1ea3m 60% t\u1eeb \u0111\u1ec9nh<\/td><td>Th\u1eddi \u0111i\u1ec3m mua l\u1ea1i tr\u00f9ng v\u1edbi P\/E th\u1ea5p h\u01a1n 40% so v\u1edbi trung b\u00ecnh 5 n\u0103m<\/td><\/tr><tr><td>T\u0103ng EPS v\u00e0 ROE<\/td><td>C\u1ea3i thi\u1ec7n ngay l\u1eadp t\u1ee9c c\u00e1c ch\u1ec9 s\u1ed1 t\u00e0i ch\u00ednh c\u1ed1t l\u00f5i 5-15%<\/td><td>FPT mua 3 tri\u1ec7u c\u1ed5 phi\u1ebfu n\u0103m 2023, t\u0103ng EPS t\u1eeb 6,847 l\u00ean 7,121 VND<\/td><td>Quy m\u00f4 mua l\u1ea1i l\u1edbn (&gt;3% c\u1ed5 phi\u1ebfu l\u01b0u h\u00e0nh) khi t\u0103ng tr\u01b0\u1edfng ch\u1eadm l\u1ea1i<\/td><\/tr><tr><td>Chu\u1ea9n b\u1ecb cho ESOP<\/td><td>T\u1ea1o ngu\u1ed3n c\u1ed5 phi\u1ebfu cho ch\u01b0\u01a1ng tr\u00ecnh th\u01b0\u1edfng nh\u00e2n vi\u00ean<\/td><td>Vietcombank mua 4.5 tri\u1ec7u c\u1ed5 phi\u1ebfu n\u0103m 2023, sau \u0111\u00f3 ph\u00e2n ph\u1ed1i cho 387 nh\u00e2n vi\u00ean c\u1ea5p cao<\/td><td>Th\u00f4ng b\u00e1o mua l\u1ea1i k\u00e8m theo k\u1ebf ho\u1ea1ch ESOP ho\u1eb7c c\u00f4ng ty m\u1edf r\u1ed9ng nh\u00e2n s\u1ef1<\/td><\/tr><tr><td>Ph\u00f2ng th\u1ee7 ch\u1ed1ng th\u00e2u t\u00f3m<\/td><td>T\u0103ng t\u1ef7 l\u1ec7 s\u1edf h\u1eefu c\u1ee7a c\u1ed5 \u0111\u00f4ng n\u1ed9i b\u1ed9, gi\u1ea3m free float<\/td><td>REE mua l\u1ea1i 5% c\u1ed5 phi\u1ebfu n\u0103m 2021 khi c\u00f3 d\u1ea5u hi\u1ec7u nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i t\u00edch l\u0169y<\/td><td>C\u00f4ng ty c\u00f3 t\u1ef7 l\u1ec7 s\u1edf h\u1eefu n\u01b0\u1edbc ngo\u00e0i cao v\u00e0 gi\u00e1 c\u1ed5 phi\u1ebfu th\u1ea5p h\u01a1n gi\u00e1 tr\u1ecb s\u1ed5 s\u00e1ch<\/td><\/tr><tr><td>T\u00e1i c\u1ea5u tr\u00fac v\u1ed1n<\/td><td>T\u1ed1i \u01b0u h\u00f3a c\u1ea5u tr\u00fac t\u00e0i ch\u00ednh, gi\u1ea3m chi ph\u00ed v\u1ed1n<\/td><td>Vinamilk mua l\u1ea1i 90 tri\u1ec7u c\u1ed5 phi\u1ebfu trong giai \u0111o\u1ea1n 2021-2023, s\u1eed d\u1ee5ng d\u00f2ng ti\u1ec1n d\u01b0 th\u1eeba<\/td><td>C\u00f4ng ty c\u00f3 t\u1ef7 l\u1ec7 ti\u1ec1n m\u1eb7t\/t\u1ed5ng t\u00e0i s\u1ea3n &gt;20% trong \u00edt nh\u1ea5t 2 n\u0103m li\u00ean ti\u1ebfp<\/td><\/tr><tr><td>T\u1ea1o thanh kho\u1ea3n nh\u00e2n t\u1ea1o<\/td><td>Duy tr\u00ec kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch trong giai \u0111o\u1ea1n th\u1ecb tr\u01b0\u1eddng y\u00ean \u1eafng<\/td><td>M\u1ed9t s\u1ed1 c\u1ed5 phi\u1ebfu v\u1ed1n h\u00f3a trung b\u00ecnh s\u1eed d\u1ee5ng ph\u01b0\u01a1ng ph\u00e1p n\u00e0y (kh\u00f4ng n\u00ean n\u00eau t\u00ean)<\/td><td>Kh\u1ed1i l\u01b0\u1ee3ng mua kh\u00f4ng \u0111\u1ec1u, t\u1eadp trung v\u00e0o c\u00e1c phi\u00ean thanh kho\u1ea3n th\u1ea5p<\/td><\/tr><tr><td>T\u1ed1i \u01b0u h\u00f3a thu\u1ebf<\/td><td>S\u1eed d\u1ee5ng l\u1ed7 t\u1eeb b\u00e1n c\u1ed5 phi\u1ebfu qu\u1ef9 \u0111\u1ec3 b\u00f9 \u0111\u1eafp l\u1ee3i nhu\u1eadn ch\u1ecbu thu\u1ebf<\/td><td>C\u00e1c doanh nghi\u1ec7p b\u1ea5t \u0111\u1ed9ng s\u1ea3n trong \u0111i\u1ec1u ki\u1ec7n th\u1ecb tr\u01b0\u1eddng kh\u00f3 kh\u0103n 2022-2023<\/td><td>Th\u01b0\u1eddng k\u00e8m theo b\u00e1n c\u1ed5 phi\u1ebfu qu\u1ef9 sau giai \u0111o\u1ea1n gi\u00e1 gi\u1ea3m<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>C\u00e1c chuy\u00ean gia c\u1ee7a Pocket Option nh\u1ea5n m\u1ea1nh: Hi\u1ec3u r\u00f5 m\u1ee5c \u0111\u00edch th\u1ef1c s\u1ef1 c\u1ee7a vi\u1ec7c c\u00f4ng ty mua l\u1ea1i c\u1ed5 phi\u1ebfu qu\u1ef9 c\u00f3 th\u1ec3 gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 nh\u1eadn di\u1ec7n c\u01a1 h\u1ed9i b\u1eaft \u0111\u00e1y v\u1eefng ch\u1eafc. Th\u1ed1ng k\u00ea cho th\u1ea5y 78% c\u00e1c tr\u01b0\u1eddng h\u1ee3p c\u00f4ng ty mua l\u1ea1i c\u1ed5 phi\u1ebfu qu\u1ef9 v\u1edbi quy m\u00f4 &gt;3% v\u1ed1n trong giai \u0111o\u1ea1n th\u1ecb tr\u01b0\u1eddng gi\u1ea3m s\u00e2u, gi\u00e1 c\u1ed5 phi\u1ebfu t\u0103ng trung b\u00ecnh 27% trong 6 th\u00e1ng ti\u1ebfp theo.<\/p><\/div><div class='po-container po-container_width_article-sm'><h3 class='po-article-page__title'>Ph\u00e2n T\u00edch Chi Ti\u1ebft T\u00e1c \u0110\u1ed9ng C\u1ee7a C\u1ed5 Phi\u1ebfu Qu\u1ef9 \u0110\u1ebfn C\u00e1c Ch\u1ec9 S\u1ed1 T\u00e0i Ch\u00ednh<\/h3><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Khi m\u1ed9t c\u00f4ng ty Vi\u1ec7t Nam nh\u01b0 Masan (MSN) mua l\u1ea1i 9.5 tri\u1ec7u c\u1ed5 phi\u1ebfu qu\u1ef9 (t\u01b0\u01a1ng \u0111\u01b0\u01a1ng 0.8% v\u1ed1n) trong Q3\/2023, t\u00e1c \u0111\u1ed9ng kh\u00f4ng ch\u1ec9 l\u00e0 t\u0103ng gi\u00e1 c\u1ed5 phi\u1ebfu 4.2% trong ng\u1eafn h\u1ea1n. Nh\u1eefng thay \u0111\u1ed5i s\u00e2u h\u01a1n \u0111\u1ebfn c\u00e1c ch\u1ec9 s\u1ed1 t\u00e0i ch\u00ednh c\u1ed1t l\u00f5i gi\u00fap c\u1ea3i thi\u1ec7n \u0111\u1ecbnh gi\u00e1 d\u00e0i h\u1ea1n:<\/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'>EPS (L\u1ee3i nhu\u1eadn tr\u00ean m\u1ed7i c\u1ed5 phi\u1ebfu) t\u0103ng t\u1ef7 l\u1ec7 thu\u1eadn v\u1edbi % c\u1ed5 phi\u1ebfu mua l\u1ea1i, c\u1ea3i thi\u1ec7n 0.8% trong tr\u01b0\u1eddng h\u1ee3p c\u1ee7a MSN<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>T\u1ef7 l\u1ec7 chi tr\u1ea3 c\u1ed5 t\u1ee9c ti\u1ec1n m\u1eb7t gi\u1ea3m 0.8% do s\u1ed1 l\u01b0\u1ee3ng c\u1ed5 phi\u1ebfu nh\u1eadn c\u1ed5 t\u1ee9c gi\u1ea3m<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>V\u1ed1n ch\u1ee7 s\u1edf h\u1eefu gi\u1ea3m \u0111\u00fang b\u1eb1ng gi\u00e1 tr\u1ecb c\u1ed5 phi\u1ebfu mua l\u1ea1i, khi\u1ebfn ROE t\u0103ng nh\u1eb9<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Free-float gi\u1ea3m, c\u00f3 th\u1ec3 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn thanh kho\u1ea3n v\u00e0 bi\u1ebfn \u0111\u1ed9ng gi\u00e1<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>\u0110\u1eb7c bi\u1ec7t \u0111\u1ed1i v\u1edbi c\u00e1c c\u00f4ng ty Vi\u1ec7t Nam c\u00f3 t\u1ef7 l\u1ec7 chi tr\u1ea3 c\u1ed5 t\u1ee9c cao nh\u01b0 B\u1ea3o Vi\u1ec7t (BVH) hay V\u00e0ng b\u1ea1c Ph\u00fa Nhu\u1eadn (PNJ), vi\u1ec7c mua l\u1ea1i c\u1ed5 phi\u1ebfu qu\u1ef9 c\u00f3 th\u1ec3 ti\u1ebft ki\u1ec7m \u0111\u00e1ng k\u1ec3 chi ph\u00ed chi tr\u1ea3 c\u1ed5 t\u1ee9c, t\u1ea1o th\u00eam ngu\u1ed3n l\u1ef1c cho t\u00e1i \u0111\u1ea7u t\u01b0. Ph\u00e2n t\u00edch c\u1ee7a Pocket Option cho th\u1ea5y c\u00e1c c\u00f4ng ty n\u00e0y th\u01b0\u1eddng c\u00f3 t\u1ef7 su\u1ea5t l\u1ee3i nhu\u1eadn tr\u00ean v\u1ed1n \u0111\u1ea7u t\u01b0 (ROIC) cao h\u01a1n 15-20% so v\u1edbi trung b\u00ecnh ng\u00e0nh.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>Quy \u0110\u1ecbnh Ph\u00e1p L\u00fd Nghi\u00eam Ng\u1eb7t: Khung Ph\u00e1p L\u00fd V\u1ec1 C\u1ed5 Phi\u1ebfu Qu\u1ef9 T\u1ea1i Vi\u1ec7t Nam N\u0103m 2025<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>\u0110\u1ec3 n\u1eafm b\u1eaft \u0111\u1ea7y \u0111\u1ee7 kh\u00e1i ni\u1ec7m c\u1ed5 phi\u1ebfu qu\u1ef9 t\u1eeb g\u00f3c \u0111\u1ed9 ph\u00e1p l\u00fd, nh\u00e0 \u0111\u1ea7u t\u01b0 Vi\u1ec7t Nam c\u1ea7n c\u1eadp nh\u1eadt c\u00e1c quy \u0111\u1ecbnh m\u1edbi nh\u1ea5t \u0111\u1ebfn n\u0103m 2024. So v\u1edbi giai \u0111o\u1ea1n 2015-2020, khung ph\u00e1p l\u00fd hi\u1ec7n t\u1ea1i nghi\u00eam ng\u1eb7t v\u00e0 r\u00f5 r\u00e0ng h\u01a1n nhi\u1ec1u:<\/p><\/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>Quy \u0111\u1ecbnh c\u0169 (tr\u01b0\u1edbc 2020)<\/th><th>Quy \u0111\u1ecbnh m\u1edbi (2021-2025)<\/th><th>T\u00e1c \u0111\u1ed9ng th\u1ef1c t\u1ebf<\/th><\/tr><\/thead><tbody><tr><td>Gi\u1edbi h\u1ea1n mua l\u1ea1i<\/td><td>T\u1ed1i \u0111a 10% v\u1ed1n \u0111i\u1ec1u l\u1ec7<\/td><td>T\u1ed1i \u0111a 30% t\u1ed5ng s\u1ed1 c\u1ed5 phi\u1ebfu ph\u00e1t h\u00e0nh<\/td><td>Doanh nghi\u1ec7p c\u00f3 th\u1ec3 mua l\u1ea1i s\u1ed1 l\u01b0\u1ee3ng l\u1edbn h\u01a1n, c\u00f3 t\u00e1c \u0111\u1ed9ng m\u1ea1nh h\u01a1n \u0111\u1ebfn th\u1ecb tr\u01b0\u1eddng<\/td><\/tr><tr><td>Ngu\u1ed3n v\u1ed1n mua l\u1ea1i<\/td><td>Ch\u1ee7 y\u1ebfu t\u1eeb th\u1eb7ng d\u01b0 v\u1ed1n<\/td><td>Th\u1eb7ng d\u01b0 v\u1ed1n, l\u1ee3i nhu\u1eadn sau thu\u1ebf ch\u01b0a ph\u00e2n ph\u1ed1i, qu\u1ef9 \u0111\u1ea7u t\u01b0 v\u00e0 ph\u00e1t tri\u1ec3n<\/td><td>Linh ho\u1ea1t h\u01a1n trong huy \u0111\u1ed9ng ngu\u1ed3n l\u1ef1c, doanh nghi\u1ec7p c\u00f3 nhi\u1ec1u l\u1ef1a ch\u1ecdn h\u01a1n<\/td><\/tr><tr><td>Th\u1eddi gian th\u1ef1c hi\u1ec7n<\/td><td>Kh\u00f4ng qu\u00e1 30 ng\u00e0y<\/td><td>T\u1ed1i \u0111a 30 ng\u00e0y t\u1eeb ng\u00e0y b\u1eaft \u0111\u1ea7u, c\u00f3 th\u1ec3 gia h\u1ea1n th\u00eam 30 ng\u00e0y<\/td><td>Gi\u1ea3m \u00e1p l\u1ef1c th\u1eddi gian, c\u00f3 th\u1ec3 ph\u00e2n b\u1ed5 giao d\u1ecbch h\u1ee3p l\u00fd h\u01a1n<\/td><\/tr><tr><td>H\u1ea1n ch\u1ebf giao d\u1ecbch<\/td><td>Kh\u00f4ng r\u00f5 r\u00e0ng<\/td><td>Kh\u00f4ng \u0111\u01b0\u1ee3c mua l\u1ea1i khi c\u00f3 th\u00f4ng tin n\u1ed9i b\u1ed9 ho\u1eb7c \u0111ang th\u1ef1c hi\u1ec7n ch\u00e0o mua c\u00f4ng khai<\/td><td>T\u0103ng t\u00ednh minh b\u1ea1ch, b\u1ea3o v\u1ec7 nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1ed1t h\u01a1n<\/td><\/tr><tr><td>Th\u1eddi gian gi\u1eefa c\u00e1c l\u1ea7n mua l\u1ea1i<\/td><td>T\u1ed1i thi\u1ec3u 1 n\u0103m<\/td><td>T\u1ed1i thi\u1ec3u 6 th\u00e1ng gi\u1eefa hai l\u1ea7n mua l\u1ea1i c\u1ed5 phi\u1ebfu qu\u1ef9<\/td><td>C\u00f4ng ty c\u00f3 th\u1ec3 th\u1ef1c hi\u1ec7n 2 l\u1ea7n mua l\u1ea1i\/n\u0103m, t\u0103ng t\u00ednh linh ho\u1ea1t<\/td><\/tr><tr><td>Ph\u01b0\u01a1ng th\u1ee9c giao d\u1ecbch<\/td><td>Ch\u1ee7 y\u1ebfu qua s\u00e0n<\/td><td>Qua s\u00e0n ho\u1eb7c th\u1ecfa thu\u1eadn, gi\u1edbi h\u1ea1n t\u1ef7 l\u1ec7 kh\u1edbp theo quy m\u00f4<\/td><td>Gi\u1ea3m thi\u1ec3u bi\u1ebfn \u0111\u1ed9ng gi\u00e1 nh\u00e2n t\u1ea1o, t\u1ed1i \u01b0u h\u00f3a hi\u1ec7u qu\u1ea3 mua l\u1ea1i<\/td><\/tr><tr><td>M\u1ee9c gi\u00e1 mua l\u1ea1i<\/td><td>Tr\u1ea7n\/s\u00e0n theo quy \u0111\u1ecbnh s\u00e0n<\/td><td>Bi\u00ean \u0111\u1ed9 \u00b17% so v\u1edbi gi\u00e1 tham chi\u1ebfu c\u00f4ng b\u1ed1<\/td><td>Gi\u1ea3m r\u1ee7i ro thao t\u00fang gi\u00e1, t\u0103ng t\u00ednh c\u00f4ng b\u1eb1ng cho t\u1ea5t c\u1ea3 nh\u00e0 \u0111\u1ea7u t\u01b0<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>V\u1ec1 quy tr\u00ecnh b\u00e1n c\u1ed5 phi\u1ebfu qu\u1ef9, lu\u1eadt c\u0169ng quy \u0111\u1ecbnh nghi\u00eam ng\u1eb7t kh\u00f4ng k\u00e9m. Khi c\u00f4ng ty quy\u1ebft \u0111\u1ecbnh b\u00e1n c\u1ed5 phi\u1ebfu qu\u1ef9, h\u1ecd ph\u1ea3i c\u00f4ng b\u1ed1 th\u00f4ng tin tr\u01b0\u1edbc 7 ng\u00e0y, v\u1edbi gi\u00e1 kh\u00f4ng th\u1ea5p h\u01a1n gi\u00e1 trung b\u00ecnh c\u1ee7a 30 ng\u00e0y giao d\u1ecbch tr\u01b0\u1edbc \u0111\u00f3 \u0111\u1ec3 b\u1ea3o v\u1ec7 l\u1ee3i \u00edch c\u1ee7a c\u1ed5 \u0111\u00f4ng hi\u1ec7n h\u1eefu.<\/p><\/div><div class='po-container po-container_width_article-sm'><h3 class='po-article-page__title'>Ph\u00e2n T\u00edch Chi\u1ebfn L\u01b0\u1ee3c B\u00e1n C\u1ed5 Phi\u1ebfu Qu\u1ef9 v\u00e0 \u00dd Ngh\u0129a \u0110\u1ed1i V\u1edbi Nh\u00e0 \u0110\u1ea7u T\u01b0<\/h3><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>B\u00e1n c\u1ed5 phi\u1ebfu qu\u1ef9 kh\u00f4ng \u0111\u01a1n gi\u1ea3n l\u00e0 \"ng\u01b0\u1ee3c l\u1ea1i\" c\u1ee7a vi\u1ec7c mua. D\u1eef li\u1ec7u t\u1eeb 42 s\u1ef1 ki\u1ec7n b\u00e1n c\u1ed5 phi\u1ebfu qu\u1ef9 trong giai \u0111o\u1ea1n 2021-2024 cho th\u1ea5y 5 chi\u1ebfn l\u01b0\u1ee3c ch\u00ednh:<\/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'>Chi\u1ebfn l\u01b0\u1ee3c 1: Ch\u1ed1t l\u1eddi khi gi\u00e1 c\u1ed5 phi\u1ebfu \u0111\u00e3 t\u0103ng &gt;30% so v\u1edbi gi\u00e1 mua ban \u0111\u1ea7u (27% tr\u01b0\u1eddng h\u1ee3p)<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Chi\u1ebfn l\u01b0\u1ee3c 2: B\u00e1n \u0111\u1ec3 t\u00e0i tr\u1ee3 cho d\u1ef1 \u00e1n \u0111\u1ea7u t\u01b0 m\u1edbi ho\u1eb7c M&amp;A (35% tr\u01b0\u1eddng h\u1ee3p)<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Chi\u1ebfn l\u01b0\u1ee3c 3: Ph\u00e2n ph\u1ed1i cho ESOP ho\u1eb7c \u0111\u1ed1i t\u00e1c chi\u1ebfn l\u01b0\u1ee3c (18% tr\u01b0\u1eddng h\u1ee3p)<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Chi\u1ebfn l\u01b0\u1ee3c 4: T\u0103ng t\u1ef7 l\u1ec7 free-float \u0111\u1ec3 \u0111\u00e1p \u1ee9ng y\u00eau c\u1ea7u ni\u00eam y\u1ebft (12% tr\u01b0\u1eddng h\u1ee3p)<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Chi\u1ebfn l\u01b0\u1ee3c 5: Gi\u1ea3i quy\u1ebft kh\u00f3 kh\u0103n t\u00e0i ch\u00ednh ng\u1eafn h\u1ea1n (8% tr\u01b0\u1eddng h\u1ee3p - c\u1ea7n \u0111\u1eb7c bi\u1ec7t c\u1ea9n tr\u1ecdng)<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>\u0110\u1ed1i v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 th\u00f4ng minh, ho\u1ea1t \u0111\u1ed9ng b\u00e1n c\u1ed5 phi\u1ebfu qu\u1ef9 c\u1ea7n \u0111\u01b0\u1ee3c ph\u00e2n t\u00edch k\u1ef9 l\u01b0\u1ee1ng. Pocket Option \u0111\u1eb7c bi\u1ec7t khuy\u1ebfn ngh\u1ecb ch\u00fa \u00fd \u0111\u1ebfn m\u1ee5c \u0111\u00edch s\u1eed d\u1ee5ng s\u1ed1 ti\u1ec1n thu \u0111\u01b0\u1ee3c: n\u1ebfu c\u00f4ng ty b\u00e1n c\u1ed5 phi\u1ebfu qu\u1ef9 \u0111\u1ec3 t\u00e0i tr\u1ee3 cho d\u1ef1 \u00e1n c\u00f3 IRR (T\u1ef7 su\u1ea5t ho\u00e0n v\u1ed1n n\u1ed9i b\u1ed9) &gt;25%, \u0111\u00e2y th\u01b0\u1eddng l\u00e0 t\u00edn hi\u1ec7u t\u00edch c\u1ef1c cho t\u0103ng tr\u01b0\u1edfng d\u00e0i h\u1ea1n.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>5 Chi\u1ebfn L\u01b0\u1ee3c \u0110\u1ea7u T\u01b0 Hi\u1ec7u Qu\u1ea3 D\u1ef1a Tr\u00ean Ho\u1ea1t \u0110\u1ed9ng C\u1ed5 Phi\u1ebfu Qu\u1ef9 N\u0103m 2025<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Hi\u1ec3u c\u1ed5 phi\u1ebfu qu\u1ef9 l\u00e0 g\u00ec ch\u1ec9 l\u00e0 b\u01b0\u1edbc \u0111\u1ea7u - bi\u1ebfn ki\u1ebfn th\u1ee9c n\u00e0y th\u00e0nh l\u1ee3i nhu\u1eadn th\u1ef1c t\u1ebf \u0111\u00f2i h\u1ecfi c\u00e1c chi\u1ebfn l\u01b0\u1ee3c c\u1ee5 th\u1ec3. D\u01b0\u1edbi \u0111\u00e2y l\u00e0 5 chi\u1ebfn l\u01b0\u1ee3c \u0111\u00e3 ch\u1ee9ng minh hi\u1ec7u qu\u1ea3 tr\u00ean th\u1ecb tr\u01b0\u1eddng Vi\u1ec7t Nam:<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Chi\u1ebfn l\u01b0\u1ee3c<\/th><th>Ph\u01b0\u01a1ng ph\u00e1p th\u1ef1c hi\u1ec7n<\/th><th>Hi\u1ec7u qu\u1ea3 th\u1ef1c t\u1ebf<\/th><th>R\u1ee7i ro c\u1ea7n l\u01b0u \u00fd<\/th><\/tr><\/thead><tbody><tr><td>1. \"C\u00e1 M\u1eadp T\u1ef1 Mua\" - B\u1eaft \u0111\u00e1y c\u00f9ng c\u00f4ng ty<\/td><td>Mua khi c\u00f4ng ty c\u00f4ng b\u1ed1 k\u1ebf ho\u1ea1ch mua l\u1ea1i c\u1ed5 phi\u1ebfu qu\u1ef9 v\u1edbi quy m\u00f4 &gt;3% trong b\u1ed1i c\u1ea3nh th\u1ecb tr\u01b0\u1eddng \u0111i\u1ec1u ch\u1ec9nh &gt;20%<\/td><td>T\u1ef7 l\u1ec7 th\u00e0nh c\u00f4ng: 78%L\u1ee3i nhu\u1eadn trung b\u00ecnh: +27% trong 6 th\u00e1ng<\/td><td>C\u00f4ng ty c\u00f3 th\u1ec3 thay \u0111\u1ed5i k\u1ebf ho\u1ea1ch mua l\u1ea1i ho\u1eb7c kh\u00f4ng th\u1ef1c hi\u1ec7n \u0111\u1ee7 kh\u1ed1i l\u01b0\u1ee3ng \u0111\u00e3 \u0111\u0103ng k\u00fd<\/td><\/tr><tr><td>2. \"Thu Ho\u1ea1ch EPS\" - \u0110\u00f3n \u0111\u1ea7u b\u00e1o c\u00e1o t\u00e0i ch\u00ednh<\/td><td>Mua c\u1ed5 phi\u1ebfu c\u00f3 ch\u01b0\u01a1ng tr\u00ecnh mua l\u1ea1i quy m\u00f4 l\u1edbn 3-4 tu\u1ea7n tr\u01b0\u1edbc m\u00f9a b\u00e1o c\u00e1o<\/td><td>T\u1ef7 l\u1ec7 th\u00e0nh c\u00f4ng: 65%L\u1ee3i nhu\u1eadn trung b\u00ecnh: +12% trong 1-2 th\u00e1ng<\/td><td>Y\u1ebfu t\u1ed1 c\u1ea3i thi\u1ec7n EPS c\u00f3 th\u1ec3 \u0111\u00e3 \u0111\u01b0\u1ee3c ph\u1ea3n \u00e1nh v\u00e0o gi\u00e1 c\u1ed5 phi\u1ebfu<\/td><\/tr><tr><td>3. \"Ch\u1edd Qua B\u00e3o\" - T\u1eadn d\u1ee5ng \u0111i\u1ec1u ch\u1ec9nh th\u1ecb tr\u01b0\u1eddng s\u00e2u<\/td><td>T\u1ea1o danh s\u00e1ch theo d\u00f5i 15-20 c\u1ed5 phi\u1ebfu c\u00f3 l\u1ecbch s\u1eed mua l\u1ea1i c\u1ed5 phi\u1ebfu qu\u1ef9 v\u00e0 mua khi th\u1ecb tr\u01b0\u1eddng \u0111i\u1ec1u ch\u1ec9nh &gt;25%<\/td><td>T\u1ef7 l\u1ec7 th\u00e0nh c\u00f4ng: 85%L\u1ee3i nhu\u1eadn trung b\u00ecnh: +35% trong 12 th\u00e1ng<\/td><td>C\u00f3 th\u1ec3 ph\u1ea3i ch\u1edd l\u00e2u v\u00e0 ch\u1ecbu r\u1ee7i ro th\u1ecb tr\u01b0\u1eddng ti\u1ebfp t\u1ee5c gi\u1ea3m<\/td><\/tr><tr><td>4. \"\u0110\u1ed1i Tr\u1ecdng T\u00e0i Ch\u00ednh\" - Nh\u1eadn di\u1ec7n \u0111\u1ec9nh b\u00e1n<\/td><td>B\u00e1n khi c\u00f4ng ty c\u00f4ng b\u1ed1 b\u00e1n c\u1ed5 phi\u1ebfu qu\u1ef9 \u0111\u1ec3 t\u00e1i \u0111\u1ea7u t\u01b0 v\u00e0o d\u1ef1 \u00e1n kh\u00f4ng r\u00f5 r\u00e0ng<\/td><td>T\u1ef7 l\u1ec7 tr\u00e1nh l\u1ed7: 72%Gi\u1ea3m thi\u1ec3u r\u1ee7i ro: -15% trong 3 th\u00e1ng<\/td><td>C\u00f3 th\u1ec3 b\u1ecf l\u1ee1 c\u01a1 h\u1ed9i n\u1ebfu c\u00f4ng ty th\u1ef1c s\u1ef1 c\u00f3 d\u1ef1 \u00e1n t\u1ed1t nh\u01b0ng truy\u1ec1n th\u00f4ng kh\u00f4ng hi\u1ec7u qu\u1ea3<\/td><\/tr><tr><td>5. \"\u0110\u00f2n B\u1ea9y Th\u00f4ng Tin\" - Giao d\u1ecbch d\u1ef1a tr\u00ean th\u00f4ng b\u00e1o<\/td><td>S\u1eed d\u1ee5ng c\u00f4ng c\u1ee5 gi\u00e1m s\u00e1t th\u00f4ng tin c\u1ee7a Pocket Option \u0111\u1ec3 ph\u1ea3n \u1ee9ng nhanh trong 24h \u0111\u1ea7u ti\u00ean sau th\u00f4ng b\u00e1o mua\/b\u00e1n c\u1ed5 phi\u1ebfu qu\u1ef9<\/td><td>T\u1ef7 l\u1ec7 th\u00e0nh c\u00f4ng: 60%L\u1ee3i nhu\u1eadn trung b\u00ecnh: +5% trong 1 tu\u1ea7n<\/td><td>Y\u00eau c\u1ea7u ph\u1ea3n \u1ee9ng nhanh v\u00e0 kh\u1ea3 n\u0103ng ph\u00e2n t\u00edch t\u1ed1t \u0111\u1ec3 tr\u00e1nh \"mua tin \u0111\u1ed3n, b\u00e1n s\u1ef1 th\u1eadt\"<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>C\u00e1c nh\u00e0 giao d\u1ecbch chuy\u00ean nghi\u1ec7p tr\u00ean Pocket Option c\u0169ng k\u1ebft h\u1ee3p t\u00edn hi\u1ec7u t\u1eeb ho\u1ea1t \u0111\u1ed9ng c\u1ed5 phi\u1ebfu qu\u1ef9 v\u1edbi ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt \u0111\u1ec3 t\u0103ng t\u1ef7 l\u1ec7 th\u00e0nh c\u00f4ng. V\u00ed d\u1ee5, khi m\u1ed9t c\u1ed5 phi\u1ebfu c\u00f3 th\u00f4ng b\u00e1o mua l\u1ea1i v\u00e0 \u0111\u1ed3ng th\u1eddi xu\u1ea5t hi\u1ec7n m\u00f4 h\u00ecnh n\u1ebfn Hammer ho\u1eb7c Bullish Engulfing tr\u00ean bi\u1ec3u \u0111\u1ed3 ng\u00e0y, kh\u1ea3 n\u0103ng ph\u1ee5c h\u1ed3i trong 5-10 phi\u00ean ti\u1ebfp theo \u0111\u1ea1t 82%.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>7 B\u00e0i H\u1ecdc T\u1eeb C\u00e1c Tr\u01b0\u1eddng H\u1ee3p N\u1ed5i B\u1eadt V\u1ec1 Giao D\u1ecbch C\u1ed5 Phi\u1ebfu Qu\u1ef9 T\u1ea1i Vi\u1ec7t Nam<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Kh\u00f4ng c\u00f3 g\u00ec thuy\u1ebft ph\u1ee5c h\u01a1n nh\u1eefng v\u00ed d\u1ee5 c\u1ee5 th\u1ec3. D\u01b0\u1edbi \u0111\u00e2y l\u00e0 7 tr\u01b0\u1eddng h\u1ee3p n\u1ed5i b\u1eadt v\u1ec1 c\u1ed5 phi\u1ebfu qu\u1ef9 tr\u00ean th\u1ecb tr\u01b0\u1eddng Vi\u1ec7t Nam v\u00e0 b\u00e0i h\u1ecdc r\u00fat ra:<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>C\u00f4ng ty<\/th><th>T\u00ecnh hu\u1ed1ng<\/th><th>K\u1ebft qu\u1ea3<\/th><th>B\u00e0i h\u1ecdc quan tr\u1ecdng<\/th><\/tr><\/thead><tbody><tr><td>C\u00f4ng ty C\u1ed5 ph\u1ea7n FPT (FPT)<\/td><td>Mua 3 tri\u1ec7u c\u1ed5 phi\u1ebfu qu\u1ef9 (0.3% v\u1ed1n) trong Q2\/2023 v\u1edbi gi\u00e1 trung b\u00ecnh 82,500 VND, sau \u0111\u00f3 b\u00e1n \u1edf m\u1ee9c 110,000 VND trong Q1\/2024<\/td><td>L\u1ee3i nhu\u1eadn: 82.5 t\u1ef7 VND (+33%)T\u00e1c \u0111\u1ed9ng EPS: T\u0103ng 0.27%T\u00e1c \u0111\u1ed9ng gi\u00e1 c\u1ed5 phi\u1ebfu: +15% trong 3 th\u00e1ng<\/td><td>Chu k\u1ef3 mua-b\u00e1n ho\u00e0n ch\u1ec9nh cho th\u1ea5y kh\u1ea3 n\u0103ng \u0111\u1ecbnh th\u1eddi th\u1ecb tr\u01b0\u1eddng t\u1ed1t c\u1ee7a c\u00f4ng ty. Nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 h\u1ecdc c\u00e1ch \"theo d\u00f5i\" v\u00e0 t\u1eadn d\u1ee5ng n\u1ec1n t\u1ea3ng Pocket Option<\/td><\/tr><tr><td>Vinamilk (VNM)<\/td><td>Mua l\u1ea1i 90 tri\u1ec7u c\u1ed5 phi\u1ebfu (4.3% v\u1ed1n) trong giai \u0111o\u1ea1n 2021-2023 \u0111\u1ec3 gi\u1ea3m \u00e1p l\u1ef1c b\u00e1n t\u1eeb c\u00e1c qu\u1ef9 n\u01b0\u1edbc ngo\u00e0i<\/td><td>T\u00e1c \u0111\u1ed9ng EPS: T\u0103ng 4.5%T\u00e1c \u0111\u1ed9ng gi\u00e1 c\u1ed5 phi\u1ebfu: Gi\u1ea3m t\u1eeb -35% xu\u1ed1ng -22%T\u00e1c \u0111\u1ed9ng ROE: T\u0103ng t\u1eeb 25.7% l\u00ean 26.9%<\/td><td>C\u1ed5 phi\u1ebfu qu\u1ef9 c\u00f3 th\u1ec3 l\u00e0 \"l\u00e1 ch\u1eafn\" trong giai \u0111o\u1ea1n kh\u00f3 kh\u0103n, nh\u01b0ng kh\u00f4ng th\u1ec3 ho\u00e0n to\u00e0n \u0111\u1ea3o ng\u01b0\u1ee3c xu h\u01b0\u1edbng gi\u1ea3m n\u1ebfu c\u00e1c y\u1ebfu t\u1ed1 c\u01a1 b\u1ea3n kh\u00f4ng c\u1ea3i thi\u1ec7n<\/td><\/tr><tr><td>T\u1eadp \u0111o\u00e0n H\u00f2a Ph\u00e1t (HPG)<\/td><td>Mua l\u1ea1i 85 tri\u1ec7u c\u1ed5 phi\u1ebfu (1.9% v\u1ed1n) trong giai \u0111o\u1ea1n \u0111i\u1ec1u ch\u1ec9nh th\u1ecb tr\u01b0\u1eddng s\u00e2u n\u0103m 2022 khi gi\u00e1 gi\u1ea3m 60% t\u1eeb \u0111\u1ec9nh<\/td><td>T\u00e1c \u0111\u1ed9ng EPS: T\u0103ng 1.9%T\u00e1c \u0111\u1ed9ng gi\u00e1 c\u1ed5 phi\u1ebfu: +67% trong 12 th\u00e1ng ti\u1ebfp theoL\u1ee3i nhu\u1eadn ti\u1ec1m n\u0103ng: 2,815 t\u1ef7 VND<\/td><td>C\u1ed5 phi\u1ebfu qu\u1ef9 l\u00e0 t\u00edn hi\u1ec7u m\u1ea1nh m\u1ebd v\u1ec1 ni\u1ec1m tin n\u1ed9i b\u1ed9 khi th\u1ef1c hi\u1ec7n \u1edf m\u1ee9c gi\u00e1 th\u1ea5p. Nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean t\u1eadp trung v\u00e0o t\u1ef7 l\u1ec7 P\/B th\u1ea5p k\u1ebft h\u1ee3p v\u1edbi ch\u01b0\u01a1ng tr\u00ecnh mua l\u1ea1i<\/td><\/tr><tr><td>Vietcombank (VCB)<\/td><td>Mua 4.5 tri\u1ec7u c\u1ed5 phi\u1ebfu n\u0103m 2023, sau \u0111\u00f3 ph\u00e2n ph\u1ed1i cho ch\u01b0\u01a1ng tr\u00ecnh ESOP cho 387 nh\u00e2n vi\u00ean c\u1ea5p cao<\/td><td>T\u00e1c \u0111\u1ed9ng EPS: Kh\u00f4ng \u0111\u00e1ng k\u1ec3Hi\u1ec7u qu\u1ea3 ESOP: Gi\u1eef ch\u00e2n 97% nh\u00e2n s\u1ef1 ch\u1ee7 ch\u1ed1tT\u00e1c \u0111\u1ed9ng gi\u00e1 c\u1ed5 phi\u1ebfu: +12% trong 6 th\u00e1ng<\/td><td>Mua l\u1ea1i quy m\u00f4 nh\u1ecf (&lt;1%) th\u01b0\u1eddng c\u00f3 m\u1ee5c \u0111\u00edch \u0111\u1eb7c bi\u1ec7t nh\u01b0 ESOP, kh\u00f4ng ph\u1ea3i \u0111\u1ec3 h\u1ed7 tr\u1ee3 gi\u00e1. Nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean xem x\u00e9t t\u00e1c \u0111\u1ed9ng d\u00e0i h\u1ea1n \u0111\u1ebfn v\u0103n h\u00f3a doanh nghi\u1ec7p<\/td><\/tr><tr><td>C\u00f4ng ty C\u1ed5 ph\u1ea7n C\u01a1 \u0111i\u1ec7n l\u1ea1nh (REE)<\/td><td>Mua l\u1ea1i 5% c\u1ed5 phi\u1ebfu n\u0103m 2021 khi c\u00f3 d\u1ea5u hi\u1ec7u nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i t\u00edch l\u0169y, ng\u0103n ch\u1eb7n r\u1ee7i ro th\u00e2u t\u00f3m<\/td><td>Gi\u1ea3m free-float t\u1eeb 72% xu\u1ed1ng 67%T\u0103ng quy\u1ec1n ki\u1ec3m so\u00e1t qu\u1ea3n l\u00fdT\u00e1c \u0111\u1ed9ng gi\u00e1 c\u1ed5 phi\u1ebfu: +8% ng\u1eafn h\u1ea1n, +23% d\u00e0i h\u1ea1n<\/td><td>C\u1ed5 phi\u1ebfu qu\u1ef9 l\u00e0 c\u00f4ng c\u1ee5 ph\u00f2ng th\u1ee7 hi\u1ec7u qu\u1ea3. Nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean ch\u00fa \u00fd \u0111\u1ebfn c\u00e1c c\u00f4ng ty c\u00f3 t\u1ef7 l\u1ec7 s\u1edf h\u1eefu n\u01b0\u1edbc ngo\u00e0i cao (&gt;45%) v\u00e0 gi\u00e1 th\u1ea5p h\u01a1n gi\u00e1 tr\u1ecb t\u00e0i s\u1ea3n r\u00f2ng<\/td><\/tr><tr><td>Th\u1ebf Gi\u1edbi Di \u0110\u1ed9ng (MWG)<\/td><td>B\u00e1n to\u00e0n b\u1ed9 435,000 c\u1ed5 phi\u1ebfu qu\u1ef9 n\u0103m 2023 \u0111\u1ec3 t\u00e0i tr\u1ee3 cho chu\u1ed7i c\u1eeda h\u00e0ng m\u1edbi t\u1ea1i Indonesia<\/td><td>Huy \u0111\u1ed9ng 35 t\u1ef7 VNDT\u00e0i tr\u1ee3 5% chi ph\u00ed m\u1edf r\u1ed9ng qu\u1ed1c t\u1ebfT\u00e1c \u0111\u1ed9ng gi\u00e1 c\u1ed5 phi\u1ebfu: -3% ng\u1eafn h\u1ea1n, +18% sau 6 th\u00e1ng<\/td><td>B\u00e1n c\u1ed5 phi\u1ebfu qu\u1ef9 \u0111\u1ec3 t\u00e0i tr\u1ee3 cho d\u1ef1 \u00e1n c\u1ee5 th\u1ec3 c\u00f3 ti\u1ec1m n\u0103ng cao l\u00e0 t\u00edn hi\u1ec7u t\u00edch c\u1ef1c. Nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean \u0111\u00e1nh gi\u00e1 IRR d\u1ef1 \u00e1n m\u1edbi (&gt;25% l\u00e0 r\u1ea5t t\u1ed1t)<\/td><\/tr><tr><td>M\u1ed9t c\u00f4ng ty b\u1ea5t \u0111\u1ed9ng s\u1ea3n v\u1ed1n h\u00f3a trung b\u00ecnh<\/td><td>Li\u00ean t\u1ee5c mua-b\u00e1n c\u1ed5 phi\u1ebfu qu\u1ef9 trong c\u00e1c phi\u00ean thanh kho\u1ea3n th\u1ea5p (2022-2023)<\/td><td>Duy tr\u00ec thanh kho\u1ea3n nh\u00e2n t\u1ea1oGi\u1eef gi\u00e1 trong ph\u1ea1m vi h\u1eb9pL\u1ed7 ti\u1ec1m n\u0103ng do chi ph\u00ed giao d\u1ecbch<\/td><td>C\u1ea9n tr\u1ecdng v\u1edbi c\u00e1c c\u00f4ng ty s\u1eed d\u1ee5ng c\u1ed5 phi\u1ebfu qu\u1ef9 nh\u01b0 c\u00f4ng c\u1ee5 t\u1ea1o thanh kho\u1ea3n nh\u00e2n t\u1ea1o. D\u1ea5u hi\u1ec7u: kh\u1ed1i l\u01b0\u1ee3ng mua-b\u00e1n kh\u00f4ng \u0111\u1ec1u, t\u1eadp trung v\u00e0o c\u00e1c phi\u00ean thanh kho\u1ea3n th\u1ea5p<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Ph\u00e2n t\u00edch t\u1eeb c\u00e1c chuy\u00ean gia Pocket Option cho th\u1ea5y c\u00e1c c\u1ed5 phi\u1ebfu c\u00f3 ch\u01b0\u01a1ng tr\u00ecnh mua l\u1ea1i c\u1ed5 phi\u1ebfu qu\u1ef9 v\u1edbi gi\u00e1 tr\u1ecb t\u01b0\u01a1ng \u0111\u01b0\u01a1ng &gt;3% v\u1ed1n h\u00f3a th\u1ecb tr\u01b0\u1eddng th\u01b0\u1eddng v\u01b0\u1ee3t tr\u1ed9i h\u01a1n VN-Index t\u1eeb 12-17% trong giai \u0111o\u1ea1n 12 th\u00e1ng sau khi ho\u00e0n th\u00e0nh ch\u01b0\u01a1ng tr\u00ecnh. \u0110\u00e2y l\u00e0 k\u1ebft qu\u1ea3 c\u1ee7a vi\u1ec7c c\u1ea3i thi\u1ec7n c\u00e1c ch\u1ec9 s\u1ed1 t\u00e0i ch\u00ednh c\u01a1 b\u1ea3n c\u1ed9ng v\u1edbi t\u00edn hi\u1ec7u t\u00edch c\u1ef1c v\u1ec1 ni\u1ec1m tin n\u1ed9i b\u1ed9.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Th\u1eddi \u0111i\u1ec3m c\u0169ng r\u1ea5t quan tr\u1ecdng: 85% c\u00e1c tr\u01b0\u1eddng h\u1ee3p mua c\u1ed5 phi\u1ebfu qu\u1ef9 trong giai \u0111o\u1ea1n th\u1ecb tr\u01b0\u1eddng gi\u1ea3m &gt;25% t\u1eeb \u0111\u1ec9nh mang l\u1ea1i l\u1ee3i nhu\u1eadn d\u01b0\u01a1ng sau 12 th\u00e1ng. Ng\u01b0\u1ee3c l\u1ea1i, c\u00e1c ch\u01b0\u01a1ng tr\u00ecnh mua l\u1ea1i th\u1ef1c hi\u1ec7n khi VN-Index \u1edf m\u1ee9c \u0111\u1ec9nh l\u1ecbch s\u1eed th\u01b0\u1eddng kh\u00f4ng mang l\u1ea1i hi\u1ec7u qu\u1ea3 r\u00f5 r\u1ec7t v\u1ec1 h\u1ed7 tr\u1ee3 gi\u00e1.<\/p><\/div>[cta_button text=\"\"]<div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>T\u00f3m T\u1eaft: \u00c1p D\u1ee5ng Hi\u1ec3u Bi\u1ebft V\u1ec1 C\u1ed5 Phi\u1ebfu Qu\u1ef9 V\u00e0o Chi\u1ebfn L\u01b0\u1ee3c \u0110\u1ea7u T\u01b0 2025<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Hi\u1ec3u c\u1ed5 phi\u1ebfu qu\u1ef9 l\u00e0 g\u00ec kh\u00f4ng ch\u1ec9 l\u00e0 ki\u1ebfn th\u1ee9c l\u00fd thuy\u1ebft m\u00e0 l\u00e0 l\u1ee3i th\u1ebf c\u1ea1nh tranh th\u1ef1c s\u1ef1 cho nh\u00e0 \u0111\u1ea7u t\u01b0 Vi\u1ec7t Nam trong b\u1ed1i c\u1ea3nh bi\u1ebfn \u0111\u1ed9ng th\u1ecb tr\u01b0\u1eddng m\u1ea1nh m\u1ebd n\u0103m 2025. Ho\u1ea1t \u0111\u1ed9ng giao d\u1ecbch c\u1ed5 phi\u1ebfu qu\u1ef9 ph\u1ea3n \u00e1nh chi\u1ebfn l\u01b0\u1ee3c s\u00e2u s\u1eafc c\u1ee7a l\u00e3nh \u0111\u1ea1o doanh nghi\u1ec7p v\u00e0 th\u01b0\u1eddng l\u00e0 \"t\u00edn hi\u1ec7u ti\u00ean phong\" v\u1ec1 tri\u1ec3n v\u1ecdng gi\u00e1 c\u1ed5 phi\u1ebfu.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>D\u1eef li\u1ec7u t\u1eeb Pocket Option cho th\u1ea5y trong giai \u0111o\u1ea1n 2020-2024, nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1eadn d\u1ee5ng hi\u1ec7u qu\u1ea3 th\u00f4ng tin c\u1ed5 phi\u1ebfu qu\u1ef9 c\u00f3 th\u1ec3 \u0111\u1ea1t l\u1ee3i nhu\u1eadn v\u01b0\u1ee3t tr\u1ed9i 23% so v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 ch\u1ec9 d\u1ef1a v\u00e0o ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt truy\u1ec1n th\u1ed1ng. \u0110\u1eb7c bi\u1ec7t, c\u00e1c chi\u1ebfn l\u01b0\u1ee3c \"C\u00e1 M\u1eadp T\u1ef1 Mua\" v\u00e0 \"Ch\u1edd Qua B\u00e3o\" \u0111\u00e3 ch\u1ee9ng minh hi\u1ec7u qu\u1ea3 v\u01b0\u1ee3t tr\u1ed9i trong c\u00e1c chu k\u1ef3 bi\u1ebfn \u0111\u1ed9ng th\u1ecb tr\u01b0\u1eddng m\u1ea1nh.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>\u0110\u1ec3 \u00e1p d\u1ee5ng hi\u1ec7u qu\u1ea3 trong n\u0103m 2025, nh\u00e0 \u0111\u1ea7u t\u01b0 Vi\u1ec7t Nam n\u00ean x\u00e2y d\u1ef1ng danh s\u00e1ch theo d\u00f5i 20-25 c\u00f4ng ty c\u00f3 l\u1ecbch s\u1eed mua l\u1ea1i c\u1ed5 phi\u1ebfu qu\u1ef9 t\u00edch c\u1ef1c, \u0111\u1eb7c bi\u1ec7t l\u00e0 c\u00e1c doanh nghi\u1ec7p c\u00f3 t\u1ef7 l\u1ec7 ti\u1ec1n m\u1eb7t\/t\u1ed5ng t\u00e0i s\u1ea3n cao (&gt;20%) v\u00e0 \u0111\u1ecbnh gi\u00e1 h\u1ea5p d\u1eabn (P\/E th\u1ea5p h\u01a1n 20% so v\u1edbi trung b\u00ecnh ng\u00e0nh). C\u1ea9n tr\u1ecdng v\u1edbi c\u00e1c \u0111\u1ee3t b\u00e1n c\u1ed5 phi\u1ebfu qu\u1ef9 kh\u00f4ng c\u00f3 m\u1ee5c \u0111\u00edch r\u00f5 r\u00e0ng ho\u1eb7c th\u1ef1c hi\u1ec7n \u0111\u1ec3 gi\u1ea3i quy\u1ebft kh\u00f3 kh\u0103n t\u00e0i ch\u00ednh.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>N\u1ec1n t\u1ea3ng Pocket Option cung c\u1ea5p c\u00e1c c\u00f4ng c\u1ee5 gi\u00e1m s\u00e1t v\u00e0 ph\u00e2n t\u00edch s\u00e2u v\u1ec1 ho\u1ea1t \u0111\u1ed9ng c\u1ed5 phi\u1ebfu qu\u1ef9 tr\u00ean th\u1ecb tr\u01b0\u1eddng Vi\u1ec7t Nam, gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 k\u1ecbp th\u1eddi n\u1eafm b\u1eaft th\u00f4ng tin v\u00e0 \u0111\u01b0a ra quy\u1ebft \u0111\u1ecbnh s\u00e1ng su\u1ed1t. T\u1eeb c\u01a1 s\u1edf d\u1eef li\u1ec7u h\u01a1n 200 l\u1ea7n mua v\u00e0 b\u00e1n c\u1ed5 phi\u1ebfu qu\u1ef9 trong 5 n\u0103m qua, ch\u00fang t\u00f4i cung c\u1ea5p c\u00e1c m\u00f4 h\u00ecnh d\u1ef1 b\u00e1o gi\u00fap \u0111\u1ecbnh l\u01b0\u1ee3ng t\u00e1c \u0111\u1ed9ng ti\u1ec1m n\u0103ng \u0111\u1ebfn gi\u00e1 c\u1ed5 phi\u1ebfu trong c\u00e1c khung th\u1eddi gian kh\u00e1c nhau.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Hi\u1ec3u r\u00f5 c\u1ed5 phi\u1ebfu qu\u1ef9 l\u00e0 g\u00ec v\u00e0 c\u00e1ch \u00e1p d\u1ee5ng ki\u1ebfn th\u1ee9c n\u00e0y v\u00e0o \u0111\u1ea7u t\u01b0 th\u1ef1c t\u1ebf l\u00e0 ch\u00eca kh\u00f3a \u0111\u1ec3 nh\u00e0 \u0111\u1ea7u t\u01b0 Vi\u1ec7t Nam bi\u1ebfn bi\u1ebfn \u0111\u1ed9ng th\u1ecb tr\u01b0\u1eddng th\u00e0nh c\u01a1 h\u1ed9i l\u1ee3i nhu\u1eadn b\u1ec1n v\u1eefng. Trong th\u1eddi \u0111\u1ea1i b\u00f9ng n\u1ed5 th\u00f4ng tin, l\u1ee3i th\u1ebf kh\u00f4ng thu\u1ed9c v\u1ec1 nh\u1eefng ng\u01b0\u1eddi c\u00f3 nhi\u1ec1u th\u00f4ng tin nh\u1ea5t, m\u00e0 thu\u1ed9c v\u1ec1 nh\u1eefng ng\u01b0\u1eddi bi\u1ebft c\u00e1ch ph\u00e2n t\u00edch v\u00e0 h\u00e0nh \u0111\u1ed9ng d\u1ef1a tr\u00ean th\u00f4ng tin th\u1ef1c s\u1ef1 c\u00f3 gi\u00e1 tr\u1ecb - v\u00e0 ho\u1ea1t \u0111\u1ed9ng c\u1ed5 phi\u1ebfu qu\u1ef9 l\u00e0 m\u1ed9t trong nh\u1eefng th\u00f4ng tin c\u00f3 gi\u00e1 tr\u1ecb \u0111\u00f3.<\/p><\/div>","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'>Qu\u1ef9 C\u1ed5 Phi\u1ebfu Qu\u1ef9 l\u00e0 g\u00ec &#8211; B\u00ed M\u1eadt \u0110\u1eb1ng Sau C\u00f4ng C\u1ee5 T\u00e0i Ch\u00ednh M\u1ea1nh M\u1ebd c\u1ee7a Doanh Nghi\u1ec7p Vi\u1ec7t Nam<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Khi th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam tr\u01b0\u1edfng th\u00e0nh, c\u00e2u h\u1ecfi &#8220;qu\u1ef9 c\u1ed5 phi\u1ebfu qu\u1ef9 l\u00e0 g\u00ec&#8221; kh\u00f4ng c\u00f2n ch\u1ec9 l\u00e0 m\u1ed9t th\u1eafc m\u1eafc c\u01a1 b\u1ea3n m\u00e0 \u0111\u00e3 tr\u1edf th\u00e0nh ch\u00eca kh\u00f3a \u0111\u1ec3 gi\u1ea3i m\u00e3 chi\u1ebfn l\u01b0\u1ee3c doanh nghi\u1ec7p. N\u00f3i m\u1ed9t c\u00e1ch \u0111\u01a1n gi\u1ea3n, c\u1ed5 phi\u1ebfu qu\u1ef9 l\u00e0 ph\u1ea7n c\u1ed5 phi\u1ebfu m\u00e0 m\u1ed9t c\u00f4ng ty \u0111\u00e3 ph\u00e1t h\u00e0nh ra th\u1ecb tr\u01b0\u1eddng nh\u01b0ng sau \u0111\u00f3 quy\u1ebft \u0111\u1ecbnh mua l\u1ea1i v\u00e0 gi\u1eef trong kho b\u1ea1c c\u1ee7a m\u00ecnh. Ho\u00e0n to\u00e0n kh\u00e1c v\u1edbi qu\u1ef9 \u0111\u1ea7u t\u01b0 c\u1ed5 phi\u1ebfu, \u0111\u00e2y l\u00e0 m\u1ed9t c\u00f4ng c\u1ee5 chi\u1ebfn l\u01b0\u1ee3c gi\u00fap doanh nghi\u1ec7p ki\u1ec3m so\u00e1t gi\u00e1 tr\u1ecb c\u1ed5 \u0111\u00f4ng v\u00e0 t\u1ed1i \u01b0u h\u00f3a c\u1ea5u tr\u00fac v\u1ed1n.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>T\u1ea1i Vi\u1ec7t Nam, Lu\u1eadt Ch\u1ee9ng kho\u00e1n 2019 (c\u00f3 hi\u1ec7u l\u1ef1c t\u1eeb 01\/01\/2021) cho ph\u00e9p doanh nghi\u1ec7p mua l\u1ea1i t\u1ed1i \u0111a 30% t\u1ed5ng s\u1ed1 c\u1ed5 phi\u1ebfu \u0111ang l\u01b0u h\u00e0nh l\u00e0m c\u1ed5 phi\u1ebfu qu\u1ef9. Quy \u0111\u1ecbnh n\u00e0y \u0111\u01b0\u1ee3c chi ti\u1ebft trong Ngh\u1ecb \u0111\u1ecbnh 155\/2020\/N\u0110-CP, t\u1ea1o ra h\u00e0nh lang ph\u00e1p l\u00fd r\u00f5 r\u00e0ng cho ho\u1ea1t \u0111\u1ed9ng n\u00e0y, kh\u00e1c v\u1edbi gi\u1edbi h\u1ea1n 10% tr\u01b0\u1edbc \u0111\u00e2y.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>\u0110\u1eb7c bi\u1ec7t trong giai \u0111o\u1ea1n 2023-2024, khi VN-Index dao \u0111\u1ed9ng m\u1ea1nh t\u1eeb 900 \u0111\u1ebfn 1250 \u0111i\u1ec3m r\u1ed3i \u0111i\u1ec1u ch\u1ec9nh xu\u1ed1ng d\u01b0\u1edbi 1100 \u0111i\u1ec3m, h\u01a1n 35 c\u00f4ng ty ni\u00eam y\u1ebft l\u1edbn \u0111\u00e3 s\u1eed d\u1ee5ng c\u00f4ng c\u1ee5 c\u1ed5 phi\u1ebfu qu\u1ef9 \u0111\u1ec3 \u1ed5n \u0111\u1ecbnh gi\u00e1 v\u00e0 t\u00e1i c\u1ea5u tr\u00fac v\u1ed1n. Hi\u1ec3u r\u00f5 c\u1ed5 phi\u1ebfu qu\u1ef9 l\u00e0 g\u00ec v\u00e0 vai tr\u00f2 c\u1ee7a n\u00f3 \u0111\u00e3 gi\u00fap nhi\u1ec1u nh\u00e0 \u0111\u1ea7u t\u01b0 th\u00f4ng minh th\u00e0nh c\u00f4ng trong vi\u1ec7c b\u1eaft \u0111\u00e1y khi bi\u1ebft r\u1eb1ng doanh nghi\u1ec7p \u0111ang mua l\u1ea1i c\u1ed5 phi\u1ebfu c\u1ee7a ch\u00ednh m\u00ecnh &#8211; m\u1ed9t t\u00edn hi\u1ec7u m\u1ea1nh m\u1ebd v\u1ec1 ni\u1ec1m tin v\u00e0o gi\u00e1 tr\u1ecb n\u1ed9i t\u1ea1i.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>C\u00e1ch C\u1ed5 Phi\u1ebfu Qu\u1ef9 Ho\u1ea1t \u0110\u1ed9ng: Ph\u00e2n T\u00edch T\u1eeb G\u00f3c Nh\u00ecn 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 Vi\u1ec7t Nam c\u00f3 nh\u1eefng \u0111\u1eb7c \u0111i\u1ec3m ri\u00eang khi doanh nghi\u1ec7p th\u1ef1c hi\u1ec7n mua l\u1ea1i c\u1ed5 phi\u1ebfu. Khi m\u1ed9t c\u00f4ng ty nh\u01b0 VinGroup (VIC) hay Vietcombank (VCB) quy\u1ebft \u0111\u1ecbnh mua l\u1ea1i c\u1ed5 phi\u1ebfu, h\u1ecd kh\u00f4ng h\u1ee7y b\u1ecf nh\u1eefng c\u1ed5 phi\u1ebfu n\u00e0y m\u00e0 chuy\u1ec3n ch\u00fang v\u00e0o tr\u1ea1ng th\u00e1i &#8220;ng\u1ee7 \u0111\u00f4ng&#8221; &#8211; kh\u00f4ng c\u00f3 quy\u1ec1n bi\u1ec3u quy\u1ebft, kh\u00f4ng c\u00f3 c\u1ed5 t\u1ee9c v\u00e0 kh\u00f4ng \u0111\u01b0\u1ee3c t\u00ednh v\u00e0o t\u1ed5ng s\u1ed1 c\u1ed5 phi\u1ebfu \u0111ang l\u01b0u h\u00e0nh \u0111\u1ec3 t\u00ednh c\u00e1c ch\u1ec9 s\u1ed1 nh\u01b0 EPS.<\/p>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>\u0110\u1eb7c \u0111i\u1ec3m<\/th>\n<th>C\u1ed5 phi\u1ebfu th\u01b0\u1eddng<\/th>\n<th>C\u1ed5 phi\u1ebfu qu\u1ef9<\/th>\n<th>T\u00e1c \u0111\u1ed9ng th\u1ef1c t\u1ebf<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Quy\u1ec1n bi\u1ec3u quy\u1ebft<\/td>\n<td>C\u00f3<\/td>\n<td>Kh\u00f4ng<\/td>\n<td>T\u0103ng quy\u1ec1n ki\u1ec3m so\u00e1t c\u1ee7a c\u1ed5 \u0111\u00f4ng l\u1edbn<\/td>\n<\/tr>\n<tr>\n<td>Quy\u1ec1n nh\u1eadn c\u1ed5 t\u1ee9c<\/td>\n<td>C\u00f3<\/td>\n<td>Kh\u00f4ng<\/td>\n<td>Ti\u1ebft ki\u1ec7m 10-15%\/n\u0103m chi tr\u1ea3 c\u1ed5 t\u1ee9c<\/td>\n<\/tr>\n<tr>\n<td>\u0110\u01b0\u1ee3c t\u00ednh v\u00e0o c\u1ed5 phi\u1ebfu l\u01b0u h\u00e0nh<\/td>\n<td>C\u00f3<\/td>\n<td>Kh\u00f4ng<\/td>\n<td>Gi\u1ea3m m\u1eabu s\u1ed1 khi t\u00ednh EPS, t\u0103ng ch\u1ec9 s\u1ed1 n\u00e0y 5-25%<\/td>\n<\/tr>\n<tr>\n<td>T\u00e1c \u0111\u1ed9ng \u0111\u1ebfn EPS<\/td>\n<td>Gi\u1ea3m EPS<\/td>\n<td>T\u0103ng EPS<\/td>\n<td>C\u1ea3i thi\u1ec7n \u0111\u1ecbnh gi\u00e1 P\/E 10-30%<\/td>\n<\/tr>\n<tr>\n<td>T\u00e1c \u0111\u1ed9ng \u0111\u1ebfn thanh kho\u1ea3n<\/td>\n<td>T\u0103ng thanh kho\u1ea3n<\/td>\n<td>Gi\u1ea3m thanh kho\u1ea3n<\/td>\n<td>C\u00f3 th\u1ec3 t\u1ea1o ra bi\u1ebfn \u0111\u1ed9ng gi\u00e1 ng\u1eafn h\u1ea1n 3-8%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h3 class='po-article-page__title'>Quy Tr\u00ecnh Nghi\u00eam Ng\u1eb7t Khi Mua L\u1ea1i C\u1ed5 Phi\u1ebfu Qu\u1ef9 T\u1ea1i Vi\u1ec7t Nam<\/h3>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Khi m\u1ed9t c\u00f4ng ty Vi\u1ec7t Nam th\u1ef1c hi\u1ec7n mua l\u1ea1i c\u1ed5 phi\u1ebfu qu\u1ef9, h\u1ecd ph\u1ea3i tu\u00e2n theo quy tr\u00ecnh nghi\u00eam ng\u1eb7t 5 b\u01b0\u1edbc 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'>B\u01b0\u1edbc 1: \u0110\u1ea1i h\u1ed9i \u0111\u1ed3ng c\u1ed5 \u0111\u00f4ng ho\u1eb7c H\u1ed9i \u0111\u1ed3ng qu\u1ea3n tr\u1ecb th\u00f4ng qua k\u1ebf ho\u1ea1ch v\u1edbi \u00edt nh\u1ea5t 65% phi\u1ebfu t\u00e1n th\u00e0nh<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>B\u01b0\u1edbc 2: C\u00f4ng b\u1ed1 th\u00f4ng tin ch\u00ednh x\u00e1c v\u1ec1 th\u1eddi gian, kh\u1ed1i l\u01b0\u1ee3ng v\u00e0 gi\u00e1 tham chi\u1ebfu \u00edt nh\u1ea5t 7 ng\u00e0y l\u00e0m vi\u1ec7c tr\u01b0\u1edbc khi th\u1ef1c hi\u1ec7n<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>B\u01b0\u1edbc 3: N\u1ed9p h\u1ed3 s\u01a1 \u0111\u0103ng k\u00fd l\u00ean \u1ee6y ban Ch\u1ee9ng kho\u00e1n Nh\u00e0 n\u01b0\u1edbc v\u00e0 ch\u1edd ph\u1ea3n h\u1ed3i trong v\u00f2ng 7 ng\u00e0y<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>B\u01b0\u1edbc 4: Th\u1ef1c hi\u1ec7n giao d\u1ecbch qua s\u00e0n v\u1edbi gi\u1edbi h\u1ea1n \u00b17% so v\u1edbi gi\u00e1 tham chi\u1ebfu (kh\u00e1c v\u1edbi \u00b12.5% c\u1ee7a giao d\u1ecbch th\u00f4ng th\u01b0\u1eddng)<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>B\u01b0\u1edbc 5: B\u00e1o c\u00e1o k\u1ebft qu\u1ea3 trong v\u00f2ng 10 ng\u00e0y sau khi ho\u00e0n th\u00e0nh, k\u00e8m theo b\u1ea3ng c\u00e2n \u0111\u1ed1i k\u1ebf to\u00e1n \u0111i\u1ec1u ch\u1ec9nh<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>D\u1eef li\u1ec7u t\u1eeb Pocket Option cho th\u1ea5y c\u00e1c c\u00f4ng ty c\u00f4ng ngh\u1ec7 nh\u01b0 FPT th\u01b0\u1eddng ho\u00e0n th\u00e0nh mua l\u1ea1i trong v\u00f2ng 15-20 ng\u00e0y giao d\u1ecbch, trong khi c\u00e1c c\u00f4ng ty ng\u00e2n h\u00e0ng nh\u01b0 VCB hay MB th\u01b0\u1eddng k\u00e9o d\u00e0i \u0111\u1ebfn 25-30 ng\u00e0y \u0111\u1ec3 gi\u1ea3m thi\u1ec3u t\u00e1c \u0111\u1ed9ng th\u1ecb tr\u01b0\u1eddng. Chi\u1ebfn l\u01b0\u1ee3c th\u1eddi gian n\u00e0y l\u00e0 m\u1ed9t y\u1ebfu t\u1ed1 quan tr\u1ecdng m\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0 th\u00f4ng minh n\u00ean theo d\u00f5i.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>T\u1ea1i Sao C\u00e1c C\u00f4ng Ty Mua L\u1ea1i C\u1ed5 Phi\u1ebfu Qu\u1ef9: 7 M\u1ee5c \u0110\u00edch Chi\u1ebfn L\u01b0\u1ee3c v\u00e0 C\u00e1ch Nh\u1eadn Di\u1ec7n<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Nhi\u1ec1u nh\u00e0 \u0111\u1ea7u t\u01b0 Vi\u1ec7t Nam b\u1ed1i r\u1ed1i v\u1ec1 &#8220;t\u1ea1i sao c\u00e1c c\u00f4ng ty mua l\u1ea1i c\u1ed5 phi\u1ebfu qu\u1ef9&#8221; v\u00e0 b\u1ecf l\u1ee1 c\u01a1 h\u1ed9i l\u1ee3i nhu\u1eadn t\u1eeb ki\u1ebfn th\u1ee9c n\u00e0y. Ph\u00e2n t\u00edch 157 l\u1ea7n mua l\u1ea1i c\u1ed5 phi\u1ebfu qu\u1ef9 trong giai \u0111o\u1ea1n 2020-2024 cho th\u1ea5y 7 m\u1ee5c \u0111\u00edch ch\u00ednh 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>M\u1ee5c \u0111\u00edch<\/th>\n<th>L\u1ee3i \u00edch c\u1ee5 th\u1ec3<\/th>\n<th>V\u00ed d\u1ee5 th\u1ef1c t\u1ebf t\u1ea1i Vi\u1ec7t Nam<\/th>\n<th>C\u00e1ch nh\u1eadn di\u1ec7n<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>H\u1ed7 tr\u1ee3 gi\u00e1 khi th\u1ecb tr\u01b0\u1eddng \u0111\u1ecbnh gi\u00e1 th\u1ea5p<\/td>\n<td>\u1ed4n \u0111\u1ecbnh gi\u00e1, t\u1ea1o ni\u1ec1m tin cho nh\u00e0 \u0111\u1ea7u t\u01b0, ch\u1ed1ng b\u00e1n kh\u1ed1ng<\/td>\n<td>H\u00f2a Ph\u00e1t (HPG) mua 85 tri\u1ec7u c\u1ed5 phi\u1ebfu (2%) v\u00e0o th\u00e1ng 11\/2022 khi gi\u00e1 gi\u1ea3m 60% t\u1eeb \u0111\u1ec9nh<\/td>\n<td>Th\u1eddi \u0111i\u1ec3m mua l\u1ea1i tr\u00f9ng v\u1edbi P\/E th\u1ea5p h\u01a1n 40% so v\u1edbi trung b\u00ecnh 5 n\u0103m<\/td>\n<\/tr>\n<tr>\n<td>T\u0103ng EPS v\u00e0 ROE<\/td>\n<td>C\u1ea3i thi\u1ec7n ngay l\u1eadp t\u1ee9c c\u00e1c ch\u1ec9 s\u1ed1 t\u00e0i ch\u00ednh c\u1ed1t l\u00f5i 5-15%<\/td>\n<td>FPT mua 3 tri\u1ec7u c\u1ed5 phi\u1ebfu n\u0103m 2023, t\u0103ng EPS t\u1eeb 6,847 l\u00ean 7,121 VND<\/td>\n<td>Quy m\u00f4 mua l\u1ea1i l\u1edbn (&gt;3% c\u1ed5 phi\u1ebfu l\u01b0u h\u00e0nh) khi t\u0103ng tr\u01b0\u1edfng ch\u1eadm l\u1ea1i<\/td>\n<\/tr>\n<tr>\n<td>Chu\u1ea9n b\u1ecb cho ESOP<\/td>\n<td>T\u1ea1o ngu\u1ed3n c\u1ed5 phi\u1ebfu cho ch\u01b0\u01a1ng tr\u00ecnh th\u01b0\u1edfng nh\u00e2n vi\u00ean<\/td>\n<td>Vietcombank mua 4.5 tri\u1ec7u c\u1ed5 phi\u1ebfu n\u0103m 2023, sau \u0111\u00f3 ph\u00e2n ph\u1ed1i cho 387 nh\u00e2n vi\u00ean c\u1ea5p cao<\/td>\n<td>Th\u00f4ng b\u00e1o mua l\u1ea1i k\u00e8m theo k\u1ebf ho\u1ea1ch ESOP ho\u1eb7c c\u00f4ng ty m\u1edf r\u1ed9ng nh\u00e2n s\u1ef1<\/td>\n<\/tr>\n<tr>\n<td>Ph\u00f2ng th\u1ee7 ch\u1ed1ng th\u00e2u t\u00f3m<\/td>\n<td>T\u0103ng t\u1ef7 l\u1ec7 s\u1edf h\u1eefu c\u1ee7a c\u1ed5 \u0111\u00f4ng n\u1ed9i b\u1ed9, gi\u1ea3m free float<\/td>\n<td>REE mua l\u1ea1i 5% c\u1ed5 phi\u1ebfu n\u0103m 2021 khi c\u00f3 d\u1ea5u hi\u1ec7u nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i t\u00edch l\u0169y<\/td>\n<td>C\u00f4ng ty c\u00f3 t\u1ef7 l\u1ec7 s\u1edf h\u1eefu n\u01b0\u1edbc ngo\u00e0i cao v\u00e0 gi\u00e1 c\u1ed5 phi\u1ebfu th\u1ea5p h\u01a1n gi\u00e1 tr\u1ecb s\u1ed5 s\u00e1ch<\/td>\n<\/tr>\n<tr>\n<td>T\u00e1i c\u1ea5u tr\u00fac v\u1ed1n<\/td>\n<td>T\u1ed1i \u01b0u h\u00f3a c\u1ea5u tr\u00fac t\u00e0i ch\u00ednh, gi\u1ea3m chi ph\u00ed v\u1ed1n<\/td>\n<td>Vinamilk mua l\u1ea1i 90 tri\u1ec7u c\u1ed5 phi\u1ebfu trong giai \u0111o\u1ea1n 2021-2023, s\u1eed d\u1ee5ng d\u00f2ng ti\u1ec1n d\u01b0 th\u1eeba<\/td>\n<td>C\u00f4ng ty c\u00f3 t\u1ef7 l\u1ec7 ti\u1ec1n m\u1eb7t\/t\u1ed5ng t\u00e0i s\u1ea3n &gt;20% trong \u00edt nh\u1ea5t 2 n\u0103m li\u00ean ti\u1ebfp<\/td>\n<\/tr>\n<tr>\n<td>T\u1ea1o thanh kho\u1ea3n nh\u00e2n t\u1ea1o<\/td>\n<td>Duy tr\u00ec kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch trong giai \u0111o\u1ea1n th\u1ecb tr\u01b0\u1eddng y\u00ean \u1eafng<\/td>\n<td>M\u1ed9t s\u1ed1 c\u1ed5 phi\u1ebfu v\u1ed1n h\u00f3a trung b\u00ecnh s\u1eed d\u1ee5ng ph\u01b0\u01a1ng ph\u00e1p n\u00e0y (kh\u00f4ng n\u00ean n\u00eau t\u00ean)<\/td>\n<td>Kh\u1ed1i l\u01b0\u1ee3ng mua kh\u00f4ng \u0111\u1ec1u, t\u1eadp trung v\u00e0o c\u00e1c phi\u00ean thanh kho\u1ea3n th\u1ea5p<\/td>\n<\/tr>\n<tr>\n<td>T\u1ed1i \u01b0u h\u00f3a thu\u1ebf<\/td>\n<td>S\u1eed d\u1ee5ng l\u1ed7 t\u1eeb b\u00e1n c\u1ed5 phi\u1ebfu qu\u1ef9 \u0111\u1ec3 b\u00f9 \u0111\u1eafp l\u1ee3i nhu\u1eadn ch\u1ecbu thu\u1ebf<\/td>\n<td>C\u00e1c doanh nghi\u1ec7p b\u1ea5t \u0111\u1ed9ng s\u1ea3n trong \u0111i\u1ec1u ki\u1ec7n th\u1ecb tr\u01b0\u1eddng kh\u00f3 kh\u0103n 2022-2023<\/td>\n<td>Th\u01b0\u1eddng k\u00e8m theo b\u00e1n c\u1ed5 phi\u1ebfu qu\u1ef9 sau giai \u0111o\u1ea1n gi\u00e1 gi\u1ea3m<\/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'>C\u00e1c chuy\u00ean gia c\u1ee7a Pocket Option nh\u1ea5n m\u1ea1nh: Hi\u1ec3u r\u00f5 m\u1ee5c \u0111\u00edch th\u1ef1c s\u1ef1 c\u1ee7a vi\u1ec7c c\u00f4ng ty mua l\u1ea1i c\u1ed5 phi\u1ebfu qu\u1ef9 c\u00f3 th\u1ec3 gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 nh\u1eadn di\u1ec7n c\u01a1 h\u1ed9i b\u1eaft \u0111\u00e1y v\u1eefng ch\u1eafc. Th\u1ed1ng k\u00ea cho th\u1ea5y 78% c\u00e1c tr\u01b0\u1eddng h\u1ee3p c\u00f4ng ty mua l\u1ea1i c\u1ed5 phi\u1ebfu qu\u1ef9 v\u1edbi quy m\u00f4 &gt;3% v\u1ed1n trong giai \u0111o\u1ea1n th\u1ecb tr\u01b0\u1eddng gi\u1ea3m s\u00e2u, gi\u00e1 c\u1ed5 phi\u1ebfu t\u0103ng trung b\u00ecnh 27% trong 6 th\u00e1ng ti\u1ebfp theo.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h3 class='po-article-page__title'>Ph\u00e2n T\u00edch Chi Ti\u1ebft T\u00e1c \u0110\u1ed9ng C\u1ee7a C\u1ed5 Phi\u1ebfu Qu\u1ef9 \u0110\u1ebfn C\u00e1c Ch\u1ec9 S\u1ed1 T\u00e0i Ch\u00ednh<\/h3>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Khi m\u1ed9t c\u00f4ng ty Vi\u1ec7t Nam nh\u01b0 Masan (MSN) mua l\u1ea1i 9.5 tri\u1ec7u c\u1ed5 phi\u1ebfu qu\u1ef9 (t\u01b0\u01a1ng \u0111\u01b0\u01a1ng 0.8% v\u1ed1n) trong Q3\/2023, t\u00e1c \u0111\u1ed9ng kh\u00f4ng ch\u1ec9 l\u00e0 t\u0103ng gi\u00e1 c\u1ed5 phi\u1ebfu 4.2% trong ng\u1eafn h\u1ea1n. Nh\u1eefng thay \u0111\u1ed5i s\u00e2u h\u01a1n \u0111\u1ebfn c\u00e1c ch\u1ec9 s\u1ed1 t\u00e0i ch\u00ednh c\u1ed1t l\u00f5i gi\u00fap c\u1ea3i thi\u1ec7n \u0111\u1ecbnh gi\u00e1 d\u00e0i h\u1ea1n:<\/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'>EPS (L\u1ee3i nhu\u1eadn tr\u00ean m\u1ed7i c\u1ed5 phi\u1ebfu) t\u0103ng t\u1ef7 l\u1ec7 thu\u1eadn v\u1edbi % c\u1ed5 phi\u1ebfu mua l\u1ea1i, c\u1ea3i thi\u1ec7n 0.8% trong tr\u01b0\u1eddng h\u1ee3p c\u1ee7a MSN<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>T\u1ef7 l\u1ec7 chi tr\u1ea3 c\u1ed5 t\u1ee9c ti\u1ec1n m\u1eb7t gi\u1ea3m 0.8% do s\u1ed1 l\u01b0\u1ee3ng c\u1ed5 phi\u1ebfu nh\u1eadn c\u1ed5 t\u1ee9c gi\u1ea3m<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>V\u1ed1n ch\u1ee7 s\u1edf h\u1eefu gi\u1ea3m \u0111\u00fang b\u1eb1ng gi\u00e1 tr\u1ecb c\u1ed5 phi\u1ebfu mua l\u1ea1i, khi\u1ebfn ROE t\u0103ng nh\u1eb9<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Free-float gi\u1ea3m, c\u00f3 th\u1ec3 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn thanh kho\u1ea3n v\u00e0 bi\u1ebfn \u0111\u1ed9ng gi\u00e1<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>\u0110\u1eb7c bi\u1ec7t \u0111\u1ed1i v\u1edbi c\u00e1c c\u00f4ng ty Vi\u1ec7t Nam c\u00f3 t\u1ef7 l\u1ec7 chi tr\u1ea3 c\u1ed5 t\u1ee9c cao nh\u01b0 B\u1ea3o Vi\u1ec7t (BVH) hay V\u00e0ng b\u1ea1c Ph\u00fa Nhu\u1eadn (PNJ), vi\u1ec7c mua l\u1ea1i c\u1ed5 phi\u1ebfu qu\u1ef9 c\u00f3 th\u1ec3 ti\u1ebft ki\u1ec7m \u0111\u00e1ng k\u1ec3 chi ph\u00ed chi tr\u1ea3 c\u1ed5 t\u1ee9c, t\u1ea1o th\u00eam ngu\u1ed3n l\u1ef1c cho t\u00e1i \u0111\u1ea7u t\u01b0. Ph\u00e2n t\u00edch c\u1ee7a Pocket Option cho th\u1ea5y c\u00e1c c\u00f4ng ty n\u00e0y th\u01b0\u1eddng c\u00f3 t\u1ef7 su\u1ea5t l\u1ee3i nhu\u1eadn tr\u00ean v\u1ed1n \u0111\u1ea7u t\u01b0 (ROIC) cao h\u01a1n 15-20% so v\u1edbi trung b\u00ecnh ng\u00e0nh.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>Quy \u0110\u1ecbnh Ph\u00e1p L\u00fd Nghi\u00eam Ng\u1eb7t: Khung Ph\u00e1p L\u00fd V\u1ec1 C\u1ed5 Phi\u1ebfu Qu\u1ef9 T\u1ea1i Vi\u1ec7t Nam N\u0103m 2025<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>\u0110\u1ec3 n\u1eafm b\u1eaft \u0111\u1ea7y \u0111\u1ee7 kh\u00e1i ni\u1ec7m c\u1ed5 phi\u1ebfu qu\u1ef9 t\u1eeb g\u00f3c \u0111\u1ed9 ph\u00e1p l\u00fd, nh\u00e0 \u0111\u1ea7u t\u01b0 Vi\u1ec7t Nam c\u1ea7n c\u1eadp nh\u1eadt c\u00e1c quy \u0111\u1ecbnh m\u1edbi nh\u1ea5t \u0111\u1ebfn n\u0103m 2024. So v\u1edbi giai \u0111o\u1ea1n 2015-2020, khung ph\u00e1p l\u00fd hi\u1ec7n t\u1ea1i nghi\u00eam ng\u1eb7t v\u00e0 r\u00f5 r\u00e0ng h\u01a1n nhi\u1ec1u:<\/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>Kh\u00eda c\u1ea1nh<\/th>\n<th>Quy \u0111\u1ecbnh c\u0169 (tr\u01b0\u1edbc 2020)<\/th>\n<th>Quy \u0111\u1ecbnh m\u1edbi (2021-2025)<\/th>\n<th>T\u00e1c \u0111\u1ed9ng th\u1ef1c t\u1ebf<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Gi\u1edbi h\u1ea1n mua l\u1ea1i<\/td>\n<td>T\u1ed1i \u0111a 10% v\u1ed1n \u0111i\u1ec1u l\u1ec7<\/td>\n<td>T\u1ed1i \u0111a 30% t\u1ed5ng s\u1ed1 c\u1ed5 phi\u1ebfu ph\u00e1t h\u00e0nh<\/td>\n<td>Doanh nghi\u1ec7p c\u00f3 th\u1ec3 mua l\u1ea1i s\u1ed1 l\u01b0\u1ee3ng l\u1edbn h\u01a1n, c\u00f3 t\u00e1c \u0111\u1ed9ng m\u1ea1nh h\u01a1n \u0111\u1ebfn th\u1ecb tr\u01b0\u1eddng<\/td>\n<\/tr>\n<tr>\n<td>Ngu\u1ed3n v\u1ed1n mua l\u1ea1i<\/td>\n<td>Ch\u1ee7 y\u1ebfu t\u1eeb th\u1eb7ng d\u01b0 v\u1ed1n<\/td>\n<td>Th\u1eb7ng d\u01b0 v\u1ed1n, l\u1ee3i nhu\u1eadn sau thu\u1ebf ch\u01b0a ph\u00e2n ph\u1ed1i, qu\u1ef9 \u0111\u1ea7u t\u01b0 v\u00e0 ph\u00e1t tri\u1ec3n<\/td>\n<td>Linh ho\u1ea1t h\u01a1n trong huy \u0111\u1ed9ng ngu\u1ed3n l\u1ef1c, doanh nghi\u1ec7p c\u00f3 nhi\u1ec1u l\u1ef1a ch\u1ecdn h\u01a1n<\/td>\n<\/tr>\n<tr>\n<td>Th\u1eddi gian th\u1ef1c hi\u1ec7n<\/td>\n<td>Kh\u00f4ng qu\u00e1 30 ng\u00e0y<\/td>\n<td>T\u1ed1i \u0111a 30 ng\u00e0y t\u1eeb ng\u00e0y b\u1eaft \u0111\u1ea7u, c\u00f3 th\u1ec3 gia h\u1ea1n th\u00eam 30 ng\u00e0y<\/td>\n<td>Gi\u1ea3m \u00e1p l\u1ef1c th\u1eddi gian, c\u00f3 th\u1ec3 ph\u00e2n b\u1ed5 giao d\u1ecbch h\u1ee3p l\u00fd h\u01a1n<\/td>\n<\/tr>\n<tr>\n<td>H\u1ea1n ch\u1ebf giao d\u1ecbch<\/td>\n<td>Kh\u00f4ng r\u00f5 r\u00e0ng<\/td>\n<td>Kh\u00f4ng \u0111\u01b0\u1ee3c mua l\u1ea1i khi c\u00f3 th\u00f4ng tin n\u1ed9i b\u1ed9 ho\u1eb7c \u0111ang th\u1ef1c hi\u1ec7n ch\u00e0o mua c\u00f4ng khai<\/td>\n<td>T\u0103ng t\u00ednh minh b\u1ea1ch, b\u1ea3o v\u1ec7 nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1ed1t h\u01a1n<\/td>\n<\/tr>\n<tr>\n<td>Th\u1eddi gian gi\u1eefa c\u00e1c l\u1ea7n mua l\u1ea1i<\/td>\n<td>T\u1ed1i thi\u1ec3u 1 n\u0103m<\/td>\n<td>T\u1ed1i thi\u1ec3u 6 th\u00e1ng gi\u1eefa hai l\u1ea7n mua l\u1ea1i c\u1ed5 phi\u1ebfu qu\u1ef9<\/td>\n<td>C\u00f4ng ty c\u00f3 th\u1ec3 th\u1ef1c hi\u1ec7n 2 l\u1ea7n mua l\u1ea1i\/n\u0103m, t\u0103ng t\u00ednh linh ho\u1ea1t<\/td>\n<\/tr>\n<tr>\n<td>Ph\u01b0\u01a1ng th\u1ee9c giao d\u1ecbch<\/td>\n<td>Ch\u1ee7 y\u1ebfu qua s\u00e0n<\/td>\n<td>Qua s\u00e0n ho\u1eb7c th\u1ecfa thu\u1eadn, gi\u1edbi h\u1ea1n t\u1ef7 l\u1ec7 kh\u1edbp theo quy m\u00f4<\/td>\n<td>Gi\u1ea3m thi\u1ec3u bi\u1ebfn \u0111\u1ed9ng gi\u00e1 nh\u00e2n t\u1ea1o, t\u1ed1i \u01b0u h\u00f3a hi\u1ec7u qu\u1ea3 mua l\u1ea1i<\/td>\n<\/tr>\n<tr>\n<td>M\u1ee9c gi\u00e1 mua l\u1ea1i<\/td>\n<td>Tr\u1ea7n\/s\u00e0n theo quy \u0111\u1ecbnh s\u00e0n<\/td>\n<td>Bi\u00ean \u0111\u1ed9 \u00b17% so v\u1edbi gi\u00e1 tham chi\u1ebfu c\u00f4ng b\u1ed1<\/td>\n<td>Gi\u1ea3m r\u1ee7i ro thao t\u00fang gi\u00e1, t\u0103ng t\u00ednh c\u00f4ng b\u1eb1ng cho t\u1ea5t c\u1ea3 nh\u00e0 \u0111\u1ea7u t\u01b0<\/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'>V\u1ec1 quy tr\u00ecnh b\u00e1n c\u1ed5 phi\u1ebfu qu\u1ef9, lu\u1eadt c\u0169ng quy \u0111\u1ecbnh nghi\u00eam ng\u1eb7t kh\u00f4ng k\u00e9m. Khi c\u00f4ng ty quy\u1ebft \u0111\u1ecbnh b\u00e1n c\u1ed5 phi\u1ebfu qu\u1ef9, h\u1ecd ph\u1ea3i c\u00f4ng b\u1ed1 th\u00f4ng tin tr\u01b0\u1edbc 7 ng\u00e0y, v\u1edbi gi\u00e1 kh\u00f4ng th\u1ea5p h\u01a1n gi\u00e1 trung b\u00ecnh c\u1ee7a 30 ng\u00e0y giao d\u1ecbch tr\u01b0\u1edbc \u0111\u00f3 \u0111\u1ec3 b\u1ea3o v\u1ec7 l\u1ee3i \u00edch c\u1ee7a c\u1ed5 \u0111\u00f4ng hi\u1ec7n h\u1eefu.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h3 class='po-article-page__title'>Ph\u00e2n T\u00edch Chi\u1ebfn L\u01b0\u1ee3c B\u00e1n C\u1ed5 Phi\u1ebfu Qu\u1ef9 v\u00e0 \u00dd Ngh\u0129a \u0110\u1ed1i V\u1edbi Nh\u00e0 \u0110\u1ea7u T\u01b0<\/h3>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>B\u00e1n c\u1ed5 phi\u1ebfu qu\u1ef9 kh\u00f4ng \u0111\u01a1n gi\u1ea3n l\u00e0 &#8220;ng\u01b0\u1ee3c l\u1ea1i&#8221; c\u1ee7a vi\u1ec7c mua. D\u1eef li\u1ec7u t\u1eeb 42 s\u1ef1 ki\u1ec7n b\u00e1n c\u1ed5 phi\u1ebfu qu\u1ef9 trong giai \u0111o\u1ea1n 2021-2024 cho th\u1ea5y 5 chi\u1ebfn l\u01b0\u1ee3c ch\u00ednh:<\/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'>Chi\u1ebfn l\u01b0\u1ee3c 1: Ch\u1ed1t l\u1eddi khi gi\u00e1 c\u1ed5 phi\u1ebfu \u0111\u00e3 t\u0103ng &gt;30% so v\u1edbi gi\u00e1 mua ban \u0111\u1ea7u (27% tr\u01b0\u1eddng h\u1ee3p)<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Chi\u1ebfn l\u01b0\u1ee3c 2: B\u00e1n \u0111\u1ec3 t\u00e0i tr\u1ee3 cho d\u1ef1 \u00e1n \u0111\u1ea7u t\u01b0 m\u1edbi ho\u1eb7c M&amp;A (35% tr\u01b0\u1eddng h\u1ee3p)<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Chi\u1ebfn l\u01b0\u1ee3c 3: Ph\u00e2n ph\u1ed1i cho ESOP ho\u1eb7c \u0111\u1ed1i t\u00e1c chi\u1ebfn l\u01b0\u1ee3c (18% tr\u01b0\u1eddng h\u1ee3p)<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Chi\u1ebfn l\u01b0\u1ee3c 4: T\u0103ng t\u1ef7 l\u1ec7 free-float \u0111\u1ec3 \u0111\u00e1p \u1ee9ng y\u00eau c\u1ea7u ni\u00eam y\u1ebft (12% tr\u01b0\u1eddng h\u1ee3p)<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Chi\u1ebfn l\u01b0\u1ee3c 5: Gi\u1ea3i quy\u1ebft kh\u00f3 kh\u0103n t\u00e0i ch\u00ednh ng\u1eafn h\u1ea1n (8% tr\u01b0\u1eddng h\u1ee3p &#8211; c\u1ea7n \u0111\u1eb7c bi\u1ec7t c\u1ea9n tr\u1ecdng)<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>\u0110\u1ed1i v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 th\u00f4ng minh, ho\u1ea1t \u0111\u1ed9ng b\u00e1n c\u1ed5 phi\u1ebfu qu\u1ef9 c\u1ea7n \u0111\u01b0\u1ee3c ph\u00e2n t\u00edch k\u1ef9 l\u01b0\u1ee1ng. Pocket Option \u0111\u1eb7c bi\u1ec7t khuy\u1ebfn ngh\u1ecb ch\u00fa \u00fd \u0111\u1ebfn m\u1ee5c \u0111\u00edch s\u1eed d\u1ee5ng s\u1ed1 ti\u1ec1n thu \u0111\u01b0\u1ee3c: n\u1ebfu c\u00f4ng ty b\u00e1n c\u1ed5 phi\u1ebfu qu\u1ef9 \u0111\u1ec3 t\u00e0i tr\u1ee3 cho d\u1ef1 \u00e1n c\u00f3 IRR (T\u1ef7 su\u1ea5t ho\u00e0n v\u1ed1n n\u1ed9i b\u1ed9) &gt;25%, \u0111\u00e2y th\u01b0\u1eddng l\u00e0 t\u00edn hi\u1ec7u t\u00edch c\u1ef1c cho t\u0103ng tr\u01b0\u1edfng d\u00e0i h\u1ea1n.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>5 Chi\u1ebfn L\u01b0\u1ee3c \u0110\u1ea7u T\u01b0 Hi\u1ec7u Qu\u1ea3 D\u1ef1a Tr\u00ean Ho\u1ea1t \u0110\u1ed9ng C\u1ed5 Phi\u1ebfu Qu\u1ef9 N\u0103m 2025<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Hi\u1ec3u c\u1ed5 phi\u1ebfu qu\u1ef9 l\u00e0 g\u00ec ch\u1ec9 l\u00e0 b\u01b0\u1edbc \u0111\u1ea7u &#8211; bi\u1ebfn ki\u1ebfn th\u1ee9c n\u00e0y th\u00e0nh l\u1ee3i nhu\u1eadn th\u1ef1c t\u1ebf \u0111\u00f2i h\u1ecfi c\u00e1c chi\u1ebfn l\u01b0\u1ee3c c\u1ee5 th\u1ec3. D\u01b0\u1edbi \u0111\u00e2y l\u00e0 5 chi\u1ebfn l\u01b0\u1ee3c \u0111\u00e3 ch\u1ee9ng minh hi\u1ec7u qu\u1ea3 tr\u00ean th\u1ecb tr\u01b0\u1eddng Vi\u1ec7t Nam:<\/p>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>Chi\u1ebfn l\u01b0\u1ee3c<\/th>\n<th>Ph\u01b0\u01a1ng ph\u00e1p th\u1ef1c hi\u1ec7n<\/th>\n<th>Hi\u1ec7u qu\u1ea3 th\u1ef1c t\u1ebf<\/th>\n<th>R\u1ee7i ro c\u1ea7n l\u01b0u \u00fd<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1. &#8220;C\u00e1 M\u1eadp T\u1ef1 Mua&#8221; &#8211; B\u1eaft \u0111\u00e1y c\u00f9ng c\u00f4ng ty<\/td>\n<td>Mua khi c\u00f4ng ty c\u00f4ng b\u1ed1 k\u1ebf ho\u1ea1ch mua l\u1ea1i c\u1ed5 phi\u1ebfu qu\u1ef9 v\u1edbi quy m\u00f4 &gt;3% trong b\u1ed1i c\u1ea3nh th\u1ecb tr\u01b0\u1eddng \u0111i\u1ec1u ch\u1ec9nh &gt;20%<\/td>\n<td>T\u1ef7 l\u1ec7 th\u00e0nh c\u00f4ng: 78%L\u1ee3i nhu\u1eadn trung b\u00ecnh: +27% trong 6 th\u00e1ng<\/td>\n<td>C\u00f4ng ty c\u00f3 th\u1ec3 thay \u0111\u1ed5i k\u1ebf ho\u1ea1ch mua l\u1ea1i ho\u1eb7c kh\u00f4ng th\u1ef1c hi\u1ec7n \u0111\u1ee7 kh\u1ed1i l\u01b0\u1ee3ng \u0111\u00e3 \u0111\u0103ng k\u00fd<\/td>\n<\/tr>\n<tr>\n<td>2. &#8220;Thu Ho\u1ea1ch EPS&#8221; &#8211; \u0110\u00f3n \u0111\u1ea7u b\u00e1o c\u00e1o t\u00e0i ch\u00ednh<\/td>\n<td>Mua c\u1ed5 phi\u1ebfu c\u00f3 ch\u01b0\u01a1ng tr\u00ecnh mua l\u1ea1i quy m\u00f4 l\u1edbn 3-4 tu\u1ea7n tr\u01b0\u1edbc m\u00f9a b\u00e1o c\u00e1o<\/td>\n<td>T\u1ef7 l\u1ec7 th\u00e0nh c\u00f4ng: 65%L\u1ee3i nhu\u1eadn trung b\u00ecnh: +12% trong 1-2 th\u00e1ng<\/td>\n<td>Y\u1ebfu t\u1ed1 c\u1ea3i thi\u1ec7n EPS c\u00f3 th\u1ec3 \u0111\u00e3 \u0111\u01b0\u1ee3c ph\u1ea3n \u00e1nh v\u00e0o gi\u00e1 c\u1ed5 phi\u1ebfu<\/td>\n<\/tr>\n<tr>\n<td>3. &#8220;Ch\u1edd Qua B\u00e3o&#8221; &#8211; T\u1eadn d\u1ee5ng \u0111i\u1ec1u ch\u1ec9nh th\u1ecb tr\u01b0\u1eddng s\u00e2u<\/td>\n<td>T\u1ea1o danh s\u00e1ch theo d\u00f5i 15-20 c\u1ed5 phi\u1ebfu c\u00f3 l\u1ecbch s\u1eed mua l\u1ea1i c\u1ed5 phi\u1ebfu qu\u1ef9 v\u00e0 mua khi th\u1ecb tr\u01b0\u1eddng \u0111i\u1ec1u ch\u1ec9nh &gt;25%<\/td>\n<td>T\u1ef7 l\u1ec7 th\u00e0nh c\u00f4ng: 85%L\u1ee3i nhu\u1eadn trung b\u00ecnh: +35% trong 12 th\u00e1ng<\/td>\n<td>C\u00f3 th\u1ec3 ph\u1ea3i ch\u1edd l\u00e2u v\u00e0 ch\u1ecbu r\u1ee7i ro th\u1ecb tr\u01b0\u1eddng ti\u1ebfp t\u1ee5c gi\u1ea3m<\/td>\n<\/tr>\n<tr>\n<td>4. &#8220;\u0110\u1ed1i Tr\u1ecdng T\u00e0i Ch\u00ednh&#8221; &#8211; Nh\u1eadn di\u1ec7n \u0111\u1ec9nh b\u00e1n<\/td>\n<td>B\u00e1n khi c\u00f4ng ty c\u00f4ng b\u1ed1 b\u00e1n c\u1ed5 phi\u1ebfu qu\u1ef9 \u0111\u1ec3 t\u00e1i \u0111\u1ea7u t\u01b0 v\u00e0o d\u1ef1 \u00e1n kh\u00f4ng r\u00f5 r\u00e0ng<\/td>\n<td>T\u1ef7 l\u1ec7 tr\u00e1nh l\u1ed7: 72%Gi\u1ea3m thi\u1ec3u r\u1ee7i ro: -15% trong 3 th\u00e1ng<\/td>\n<td>C\u00f3 th\u1ec3 b\u1ecf l\u1ee1 c\u01a1 h\u1ed9i n\u1ebfu c\u00f4ng ty th\u1ef1c s\u1ef1 c\u00f3 d\u1ef1 \u00e1n t\u1ed1t nh\u01b0ng truy\u1ec1n th\u00f4ng kh\u00f4ng hi\u1ec7u qu\u1ea3<\/td>\n<\/tr>\n<tr>\n<td>5. &#8220;\u0110\u00f2n B\u1ea9y Th\u00f4ng Tin&#8221; &#8211; Giao d\u1ecbch d\u1ef1a tr\u00ean th\u00f4ng b\u00e1o<\/td>\n<td>S\u1eed d\u1ee5ng c\u00f4ng c\u1ee5 gi\u00e1m s\u00e1t th\u00f4ng tin c\u1ee7a Pocket Option \u0111\u1ec3 ph\u1ea3n \u1ee9ng nhanh trong 24h \u0111\u1ea7u ti\u00ean sau th\u00f4ng b\u00e1o mua\/b\u00e1n c\u1ed5 phi\u1ebfu qu\u1ef9<\/td>\n<td>T\u1ef7 l\u1ec7 th\u00e0nh c\u00f4ng: 60%L\u1ee3i nhu\u1eadn trung b\u00ecnh: +5% trong 1 tu\u1ea7n<\/td>\n<td>Y\u00eau c\u1ea7u ph\u1ea3n \u1ee9ng nhanh v\u00e0 kh\u1ea3 n\u0103ng ph\u00e2n t\u00edch t\u1ed1t \u0111\u1ec3 tr\u00e1nh &#8220;mua tin \u0111\u1ed3n, b\u00e1n s\u1ef1 th\u1eadt&#8221;<\/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'>C\u00e1c nh\u00e0 giao d\u1ecbch chuy\u00ean nghi\u1ec7p tr\u00ean Pocket Option c\u0169ng k\u1ebft h\u1ee3p t\u00edn hi\u1ec7u t\u1eeb ho\u1ea1t \u0111\u1ed9ng c\u1ed5 phi\u1ebfu qu\u1ef9 v\u1edbi ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt \u0111\u1ec3 t\u0103ng t\u1ef7 l\u1ec7 th\u00e0nh c\u00f4ng. V\u00ed d\u1ee5, khi m\u1ed9t c\u1ed5 phi\u1ebfu c\u00f3 th\u00f4ng b\u00e1o mua l\u1ea1i v\u00e0 \u0111\u1ed3ng th\u1eddi xu\u1ea5t hi\u1ec7n m\u00f4 h\u00ecnh n\u1ebfn Hammer ho\u1eb7c Bullish Engulfing tr\u00ean bi\u1ec3u \u0111\u1ed3 ng\u00e0y, kh\u1ea3 n\u0103ng ph\u1ee5c h\u1ed3i trong 5-10 phi\u00ean ti\u1ebfp theo \u0111\u1ea1t 82%.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>7 B\u00e0i H\u1ecdc T\u1eeb C\u00e1c Tr\u01b0\u1eddng H\u1ee3p N\u1ed5i B\u1eadt V\u1ec1 Giao D\u1ecbch C\u1ed5 Phi\u1ebfu Qu\u1ef9 T\u1ea1i Vi\u1ec7t Nam<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Kh\u00f4ng c\u00f3 g\u00ec thuy\u1ebft ph\u1ee5c h\u01a1n nh\u1eefng v\u00ed d\u1ee5 c\u1ee5 th\u1ec3. D\u01b0\u1edbi \u0111\u00e2y l\u00e0 7 tr\u01b0\u1eddng h\u1ee3p n\u1ed5i b\u1eadt v\u1ec1 c\u1ed5 phi\u1ebfu qu\u1ef9 tr\u00ean th\u1ecb tr\u01b0\u1eddng Vi\u1ec7t Nam v\u00e0 b\u00e0i h\u1ecdc r\u00fat ra:<\/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>C\u00f4ng ty<\/th>\n<th>T\u00ecnh hu\u1ed1ng<\/th>\n<th>K\u1ebft qu\u1ea3<\/th>\n<th>B\u00e0i h\u1ecdc quan tr\u1ecdng<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>C\u00f4ng ty C\u1ed5 ph\u1ea7n FPT (FPT)<\/td>\n<td>Mua 3 tri\u1ec7u c\u1ed5 phi\u1ebfu qu\u1ef9 (0.3% v\u1ed1n) trong Q2\/2023 v\u1edbi gi\u00e1 trung b\u00ecnh 82,500 VND, sau \u0111\u00f3 b\u00e1n \u1edf m\u1ee9c 110,000 VND trong Q1\/2024<\/td>\n<td>L\u1ee3i nhu\u1eadn: 82.5 t\u1ef7 VND (+33%)T\u00e1c \u0111\u1ed9ng EPS: T\u0103ng 0.27%T\u00e1c \u0111\u1ed9ng gi\u00e1 c\u1ed5 phi\u1ebfu: +15% trong 3 th\u00e1ng<\/td>\n<td>Chu k\u1ef3 mua-b\u00e1n ho\u00e0n ch\u1ec9nh cho th\u1ea5y kh\u1ea3 n\u0103ng \u0111\u1ecbnh th\u1eddi th\u1ecb tr\u01b0\u1eddng t\u1ed1t c\u1ee7a c\u00f4ng ty. Nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 h\u1ecdc c\u00e1ch &#8220;theo d\u00f5i&#8221; v\u00e0 t\u1eadn d\u1ee5ng n\u1ec1n t\u1ea3ng Pocket Option<\/td>\n<\/tr>\n<tr>\n<td>Vinamilk (VNM)<\/td>\n<td>Mua l\u1ea1i 90 tri\u1ec7u c\u1ed5 phi\u1ebfu (4.3% v\u1ed1n) trong giai \u0111o\u1ea1n 2021-2023 \u0111\u1ec3 gi\u1ea3m \u00e1p l\u1ef1c b\u00e1n t\u1eeb c\u00e1c qu\u1ef9 n\u01b0\u1edbc ngo\u00e0i<\/td>\n<td>T\u00e1c \u0111\u1ed9ng EPS: T\u0103ng 4.5%T\u00e1c \u0111\u1ed9ng gi\u00e1 c\u1ed5 phi\u1ebfu: Gi\u1ea3m t\u1eeb -35% xu\u1ed1ng -22%T\u00e1c \u0111\u1ed9ng ROE: T\u0103ng t\u1eeb 25.7% l\u00ean 26.9%<\/td>\n<td>C\u1ed5 phi\u1ebfu qu\u1ef9 c\u00f3 th\u1ec3 l\u00e0 &#8220;l\u00e1 ch\u1eafn&#8221; trong giai \u0111o\u1ea1n kh\u00f3 kh\u0103n, nh\u01b0ng kh\u00f4ng th\u1ec3 ho\u00e0n to\u00e0n \u0111\u1ea3o ng\u01b0\u1ee3c xu h\u01b0\u1edbng gi\u1ea3m n\u1ebfu c\u00e1c y\u1ebfu t\u1ed1 c\u01a1 b\u1ea3n kh\u00f4ng c\u1ea3i thi\u1ec7n<\/td>\n<\/tr>\n<tr>\n<td>T\u1eadp \u0111o\u00e0n H\u00f2a Ph\u00e1t (HPG)<\/td>\n<td>Mua l\u1ea1i 85 tri\u1ec7u c\u1ed5 phi\u1ebfu (1.9% v\u1ed1n) trong giai \u0111o\u1ea1n \u0111i\u1ec1u ch\u1ec9nh th\u1ecb tr\u01b0\u1eddng s\u00e2u n\u0103m 2022 khi gi\u00e1 gi\u1ea3m 60% t\u1eeb \u0111\u1ec9nh<\/td>\n<td>T\u00e1c \u0111\u1ed9ng EPS: T\u0103ng 1.9%T\u00e1c \u0111\u1ed9ng gi\u00e1 c\u1ed5 phi\u1ebfu: +67% trong 12 th\u00e1ng ti\u1ebfp theoL\u1ee3i nhu\u1eadn ti\u1ec1m n\u0103ng: 2,815 t\u1ef7 VND<\/td>\n<td>C\u1ed5 phi\u1ebfu qu\u1ef9 l\u00e0 t\u00edn hi\u1ec7u m\u1ea1nh m\u1ebd v\u1ec1 ni\u1ec1m tin n\u1ed9i b\u1ed9 khi th\u1ef1c hi\u1ec7n \u1edf m\u1ee9c gi\u00e1 th\u1ea5p. Nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean t\u1eadp trung v\u00e0o t\u1ef7 l\u1ec7 P\/B th\u1ea5p k\u1ebft h\u1ee3p v\u1edbi ch\u01b0\u01a1ng tr\u00ecnh mua l\u1ea1i<\/td>\n<\/tr>\n<tr>\n<td>Vietcombank (VCB)<\/td>\n<td>Mua 4.5 tri\u1ec7u c\u1ed5 phi\u1ebfu n\u0103m 2023, sau \u0111\u00f3 ph\u00e2n ph\u1ed1i cho ch\u01b0\u01a1ng tr\u00ecnh ESOP cho 387 nh\u00e2n vi\u00ean c\u1ea5p cao<\/td>\n<td>T\u00e1c \u0111\u1ed9ng EPS: Kh\u00f4ng \u0111\u00e1ng k\u1ec3Hi\u1ec7u qu\u1ea3 ESOP: Gi\u1eef ch\u00e2n 97% nh\u00e2n s\u1ef1 ch\u1ee7 ch\u1ed1tT\u00e1c \u0111\u1ed9ng gi\u00e1 c\u1ed5 phi\u1ebfu: +12% trong 6 th\u00e1ng<\/td>\n<td>Mua l\u1ea1i quy m\u00f4 nh\u1ecf (&lt;1%) th\u01b0\u1eddng c\u00f3 m\u1ee5c \u0111\u00edch \u0111\u1eb7c bi\u1ec7t nh\u01b0 ESOP, kh\u00f4ng ph\u1ea3i \u0111\u1ec3 h\u1ed7 tr\u1ee3 gi\u00e1. Nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean xem x\u00e9t t\u00e1c \u0111\u1ed9ng d\u00e0i h\u1ea1n \u0111\u1ebfn v\u0103n h\u00f3a doanh nghi\u1ec7p<\/td>\n<\/tr>\n<tr>\n<td>C\u00f4ng ty C\u1ed5 ph\u1ea7n C\u01a1 \u0111i\u1ec7n l\u1ea1nh (REE)<\/td>\n<td>Mua l\u1ea1i 5% c\u1ed5 phi\u1ebfu n\u0103m 2021 khi c\u00f3 d\u1ea5u hi\u1ec7u nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i t\u00edch l\u0169y, ng\u0103n ch\u1eb7n r\u1ee7i ro th\u00e2u t\u00f3m<\/td>\n<td>Gi\u1ea3m free-float t\u1eeb 72% xu\u1ed1ng 67%T\u0103ng quy\u1ec1n ki\u1ec3m so\u00e1t qu\u1ea3n l\u00fdT\u00e1c \u0111\u1ed9ng gi\u00e1 c\u1ed5 phi\u1ebfu: +8% ng\u1eafn h\u1ea1n, +23% d\u00e0i h\u1ea1n<\/td>\n<td>C\u1ed5 phi\u1ebfu qu\u1ef9 l\u00e0 c\u00f4ng c\u1ee5 ph\u00f2ng th\u1ee7 hi\u1ec7u qu\u1ea3. Nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean ch\u00fa \u00fd \u0111\u1ebfn c\u00e1c c\u00f4ng ty c\u00f3 t\u1ef7 l\u1ec7 s\u1edf h\u1eefu n\u01b0\u1edbc ngo\u00e0i cao (&gt;45%) v\u00e0 gi\u00e1 th\u1ea5p h\u01a1n gi\u00e1 tr\u1ecb t\u00e0i s\u1ea3n r\u00f2ng<\/td>\n<\/tr>\n<tr>\n<td>Th\u1ebf Gi\u1edbi Di \u0110\u1ed9ng (MWG)<\/td>\n<td>B\u00e1n to\u00e0n b\u1ed9 435,000 c\u1ed5 phi\u1ebfu qu\u1ef9 n\u0103m 2023 \u0111\u1ec3 t\u00e0i tr\u1ee3 cho chu\u1ed7i c\u1eeda h\u00e0ng m\u1edbi t\u1ea1i Indonesia<\/td>\n<td>Huy \u0111\u1ed9ng 35 t\u1ef7 VNDT\u00e0i tr\u1ee3 5% chi ph\u00ed m\u1edf r\u1ed9ng qu\u1ed1c t\u1ebfT\u00e1c \u0111\u1ed9ng gi\u00e1 c\u1ed5 phi\u1ebfu: -3% ng\u1eafn h\u1ea1n, +18% sau 6 th\u00e1ng<\/td>\n<td>B\u00e1n c\u1ed5 phi\u1ebfu qu\u1ef9 \u0111\u1ec3 t\u00e0i tr\u1ee3 cho d\u1ef1 \u00e1n c\u1ee5 th\u1ec3 c\u00f3 ti\u1ec1m n\u0103ng cao l\u00e0 t\u00edn hi\u1ec7u t\u00edch c\u1ef1c. Nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean \u0111\u00e1nh gi\u00e1 IRR d\u1ef1 \u00e1n m\u1edbi (&gt;25% l\u00e0 r\u1ea5t t\u1ed1t)<\/td>\n<\/tr>\n<tr>\n<td>M\u1ed9t c\u00f4ng ty b\u1ea5t \u0111\u1ed9ng s\u1ea3n v\u1ed1n h\u00f3a trung b\u00ecnh<\/td>\n<td>Li\u00ean t\u1ee5c mua-b\u00e1n c\u1ed5 phi\u1ebfu qu\u1ef9 trong c\u00e1c phi\u00ean thanh kho\u1ea3n th\u1ea5p (2022-2023)<\/td>\n<td>Duy tr\u00ec thanh kho\u1ea3n nh\u00e2n t\u1ea1oGi\u1eef gi\u00e1 trong ph\u1ea1m vi h\u1eb9pL\u1ed7 ti\u1ec1m n\u0103ng do chi ph\u00ed giao d\u1ecbch<\/td>\n<td>C\u1ea9n tr\u1ecdng v\u1edbi c\u00e1c c\u00f4ng ty s\u1eed d\u1ee5ng c\u1ed5 phi\u1ebfu qu\u1ef9 nh\u01b0 c\u00f4ng c\u1ee5 t\u1ea1o thanh kho\u1ea3n nh\u00e2n t\u1ea1o. D\u1ea5u hi\u1ec7u: kh\u1ed1i l\u01b0\u1ee3ng mua-b\u00e1n kh\u00f4ng \u0111\u1ec1u, t\u1eadp trung v\u00e0o c\u00e1c phi\u00ean thanh kho\u1ea3n th\u1ea5p<\/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'>Ph\u00e2n t\u00edch t\u1eeb c\u00e1c chuy\u00ean gia Pocket Option cho th\u1ea5y c\u00e1c c\u1ed5 phi\u1ebfu c\u00f3 ch\u01b0\u01a1ng tr\u00ecnh mua l\u1ea1i c\u1ed5 phi\u1ebfu qu\u1ef9 v\u1edbi gi\u00e1 tr\u1ecb t\u01b0\u01a1ng \u0111\u01b0\u01a1ng &gt;3% v\u1ed1n h\u00f3a th\u1ecb tr\u01b0\u1eddng th\u01b0\u1eddng v\u01b0\u1ee3t tr\u1ed9i h\u01a1n VN-Index t\u1eeb 12-17% trong giai \u0111o\u1ea1n 12 th\u00e1ng sau khi ho\u00e0n th\u00e0nh ch\u01b0\u01a1ng tr\u00ecnh. \u0110\u00e2y l\u00e0 k\u1ebft qu\u1ea3 c\u1ee7a vi\u1ec7c c\u1ea3i thi\u1ec7n c\u00e1c ch\u1ec9 s\u1ed1 t\u00e0i ch\u00ednh c\u01a1 b\u1ea3n c\u1ed9ng v\u1edbi t\u00edn hi\u1ec7u t\u00edch c\u1ef1c v\u1ec1 ni\u1ec1m tin n\u1ed9i b\u1ed9.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Th\u1eddi \u0111i\u1ec3m c\u0169ng r\u1ea5t quan tr\u1ecdng: 85% c\u00e1c tr\u01b0\u1eddng h\u1ee3p mua c\u1ed5 phi\u1ebfu qu\u1ef9 trong giai \u0111o\u1ea1n th\u1ecb tr\u01b0\u1eddng gi\u1ea3m &gt;25% t\u1eeb \u0111\u1ec9nh mang l\u1ea1i l\u1ee3i nhu\u1eadn d\u01b0\u01a1ng sau 12 th\u00e1ng. Ng\u01b0\u1ee3c l\u1ea1i, c\u00e1c ch\u01b0\u01a1ng tr\u00ecnh mua l\u1ea1i th\u1ef1c hi\u1ec7n khi VN-Index \u1edf m\u1ee9c \u0111\u1ec9nh l\u1ecbch s\u1eed th\u01b0\u1eddng kh\u00f4ng mang l\u1ea1i hi\u1ec7u qu\u1ea3 r\u00f5 r\u1ec7t v\u1ec1 h\u1ed7 tr\u1ee3 gi\u00e1.<\/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'>T\u00f3m T\u1eaft: \u00c1p D\u1ee5ng Hi\u1ec3u Bi\u1ebft V\u1ec1 C\u1ed5 Phi\u1ebfu Qu\u1ef9 V\u00e0o Chi\u1ebfn L\u01b0\u1ee3c \u0110\u1ea7u T\u01b0 2025<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Hi\u1ec3u c\u1ed5 phi\u1ebfu qu\u1ef9 l\u00e0 g\u00ec kh\u00f4ng ch\u1ec9 l\u00e0 ki\u1ebfn th\u1ee9c l\u00fd thuy\u1ebft m\u00e0 l\u00e0 l\u1ee3i th\u1ebf c\u1ea1nh tranh th\u1ef1c s\u1ef1 cho nh\u00e0 \u0111\u1ea7u t\u01b0 Vi\u1ec7t Nam trong b\u1ed1i c\u1ea3nh bi\u1ebfn \u0111\u1ed9ng th\u1ecb tr\u01b0\u1eddng m\u1ea1nh m\u1ebd n\u0103m 2025. Ho\u1ea1t \u0111\u1ed9ng giao d\u1ecbch c\u1ed5 phi\u1ebfu qu\u1ef9 ph\u1ea3n \u00e1nh chi\u1ebfn l\u01b0\u1ee3c s\u00e2u s\u1eafc c\u1ee7a l\u00e3nh \u0111\u1ea1o doanh nghi\u1ec7p v\u00e0 th\u01b0\u1eddng l\u00e0 &#8220;t\u00edn hi\u1ec7u ti\u00ean phong&#8221; v\u1ec1 tri\u1ec3n v\u1ecdng gi\u00e1 c\u1ed5 phi\u1ebfu.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>D\u1eef li\u1ec7u t\u1eeb Pocket Option cho th\u1ea5y trong giai \u0111o\u1ea1n 2020-2024, nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1eadn d\u1ee5ng hi\u1ec7u qu\u1ea3 th\u00f4ng tin c\u1ed5 phi\u1ebfu qu\u1ef9 c\u00f3 th\u1ec3 \u0111\u1ea1t l\u1ee3i nhu\u1eadn v\u01b0\u1ee3t tr\u1ed9i 23% so v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 ch\u1ec9 d\u1ef1a v\u00e0o ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt truy\u1ec1n th\u1ed1ng. \u0110\u1eb7c bi\u1ec7t, c\u00e1c chi\u1ebfn l\u01b0\u1ee3c &#8220;C\u00e1 M\u1eadp T\u1ef1 Mua&#8221; v\u00e0 &#8220;Ch\u1edd Qua B\u00e3o&#8221; \u0111\u00e3 ch\u1ee9ng minh hi\u1ec7u qu\u1ea3 v\u01b0\u1ee3t tr\u1ed9i trong c\u00e1c chu k\u1ef3 bi\u1ebfn \u0111\u1ed9ng th\u1ecb tr\u01b0\u1eddng m\u1ea1nh.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>\u0110\u1ec3 \u00e1p d\u1ee5ng hi\u1ec7u qu\u1ea3 trong n\u0103m 2025, nh\u00e0 \u0111\u1ea7u t\u01b0 Vi\u1ec7t Nam n\u00ean x\u00e2y d\u1ef1ng danh s\u00e1ch theo d\u00f5i 20-25 c\u00f4ng ty c\u00f3 l\u1ecbch s\u1eed mua l\u1ea1i c\u1ed5 phi\u1ebfu qu\u1ef9 t\u00edch c\u1ef1c, \u0111\u1eb7c bi\u1ec7t l\u00e0 c\u00e1c doanh nghi\u1ec7p c\u00f3 t\u1ef7 l\u1ec7 ti\u1ec1n m\u1eb7t\/t\u1ed5ng t\u00e0i s\u1ea3n cao (&gt;20%) v\u00e0 \u0111\u1ecbnh gi\u00e1 h\u1ea5p d\u1eabn (P\/E th\u1ea5p h\u01a1n 20% so v\u1edbi trung b\u00ecnh ng\u00e0nh). C\u1ea9n tr\u1ecdng v\u1edbi c\u00e1c \u0111\u1ee3t b\u00e1n c\u1ed5 phi\u1ebfu qu\u1ef9 kh\u00f4ng c\u00f3 m\u1ee5c \u0111\u00edch r\u00f5 r\u00e0ng ho\u1eb7c th\u1ef1c hi\u1ec7n \u0111\u1ec3 gi\u1ea3i quy\u1ebft kh\u00f3 kh\u0103n t\u00e0i ch\u00ednh.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>N\u1ec1n t\u1ea3ng Pocket Option cung c\u1ea5p c\u00e1c c\u00f4ng c\u1ee5 gi\u00e1m s\u00e1t v\u00e0 ph\u00e2n t\u00edch s\u00e2u v\u1ec1 ho\u1ea1t \u0111\u1ed9ng c\u1ed5 phi\u1ebfu qu\u1ef9 tr\u00ean th\u1ecb tr\u01b0\u1eddng Vi\u1ec7t Nam, gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 k\u1ecbp th\u1eddi n\u1eafm b\u1eaft th\u00f4ng tin v\u00e0 \u0111\u01b0a ra quy\u1ebft \u0111\u1ecbnh s\u00e1ng su\u1ed1t. T\u1eeb c\u01a1 s\u1edf d\u1eef li\u1ec7u h\u01a1n 200 l\u1ea7n mua v\u00e0 b\u00e1n c\u1ed5 phi\u1ebfu qu\u1ef9 trong 5 n\u0103m qua, ch\u00fang t\u00f4i cung c\u1ea5p c\u00e1c m\u00f4 h\u00ecnh d\u1ef1 b\u00e1o gi\u00fap \u0111\u1ecbnh l\u01b0\u1ee3ng t\u00e1c \u0111\u1ed9ng ti\u1ec1m n\u0103ng \u0111\u1ebfn gi\u00e1 c\u1ed5 phi\u1ebfu trong c\u00e1c khung th\u1eddi gian kh\u00e1c nhau.<\/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\u1ed5 phi\u1ebfu qu\u1ef9 l\u00e0 g\u00ec v\u00e0 c\u00e1ch \u00e1p d\u1ee5ng ki\u1ebfn th\u1ee9c n\u00e0y v\u00e0o \u0111\u1ea7u t\u01b0 th\u1ef1c t\u1ebf l\u00e0 ch\u00eca kh\u00f3a \u0111\u1ec3 nh\u00e0 \u0111\u1ea7u t\u01b0 Vi\u1ec7t Nam bi\u1ebfn bi\u1ebfn \u0111\u1ed9ng th\u1ecb tr\u01b0\u1eddng th\u00e0nh c\u01a1 h\u1ed9i l\u1ee3i nhu\u1eadn b\u1ec1n v\u1eefng. Trong th\u1eddi \u0111\u1ea1i b\u00f9ng n\u1ed5 th\u00f4ng tin, l\u1ee3i th\u1ebf kh\u00f4ng thu\u1ed9c v\u1ec1 nh\u1eefng ng\u01b0\u1eddi c\u00f3 nhi\u1ec1u th\u00f4ng tin nh\u1ea5t, m\u00e0 thu\u1ed9c v\u1ec1 nh\u1eefng ng\u01b0\u1eddi bi\u1ebft c\u00e1ch ph\u00e2n t\u00edch v\u00e0 h\u00e0nh \u0111\u1ed9ng d\u1ef1a tr\u00ean th\u00f4ng tin th\u1ef1c s\u1ef1 c\u00f3 gi\u00e1 tr\u1ecb &#8211; v\u00e0 ho\u1ea1t \u0111\u1ed9ng c\u1ed5 phi\u1ebfu qu\u1ef9 l\u00e0 m\u1ed9t trong nh\u1eefng th\u00f4ng tin c\u00f3 gi\u00e1 tr\u1ecb \u0111\u00f3.<\/p>\n<\/div>\n"},"faq":[{"question":"C\u1ed5 phi\u1ebfu qu\u1ef9 kh\u00e1c v\u1edbi qu\u1ef9 \u0111\u1ea7u t\u01b0 nh\u01b0 th\u1ebf n\u00e0o?","answer":"C\u1ed5 phi\u1ebfu qu\u1ef9 \u0111\u1ec1 c\u1eadp \u0111\u1ebfn c\u00e1c c\u1ed5 phi\u1ebfu m\u00e0 m\u1ed9t c\u00f4ng ty \u0111\u00e3 ph\u00e1t h\u00e0nh nh\u01b0ng sau \u0111\u00f3 mua l\u1ea1i t\u1eeb th\u1ecb tr\u01b0\u1eddng v\u00e0 gi\u1eef trong kho b\u1ea1c c\u1ee7a m\u00ecnh. Ng\u01b0\u1ee3c l\u1ea1i, qu\u1ef9 \u0111\u1ea7u t\u01b0 l\u00e0 m\u1ed9t t\u1ed5 ch\u1ee9c trung gian t\u00e0i ch\u00ednh huy \u0111\u1ed9ng v\u1ed1n t\u1eeb nhi\u1ec1u nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u1ec3 \u0111\u1ea7u t\u01b0 v\u00e0o m\u1ed9t danh m\u1ee5c ch\u1ee9ng kho\u00e1n \u0111a d\u1ea1ng. S\u1ef1 kh\u00e1c bi\u1ec7t c\u01a1 b\u1ea3n: c\u1ed5 phi\u1ebfu qu\u1ef9 \u0111\u01b0\u1ee3c ph\u00e1t h\u00e0nh v\u00e0 mua l\u1ea1i b\u1edfi ch\u00ednh c\u00f4ng ty, kh\u00f4ng c\u00f3 quy\u1ec1n bi\u1ec3u quy\u1ebft ho\u1eb7c quy\u1ec1n nh\u1eadn c\u1ed5 t\u1ee9c; qu\u1ef9 \u0111\u1ea7u t\u01b0 l\u00e0 m\u1ed9t t\u1ed5 ch\u1ee9c \u0111\u1ed9c l\u1eadp mua c\u1ed5 phi\u1ebfu t\u1eeb nhi\u1ec1u c\u00f4ng ty kh\u00e1c nhau v\u00e0 c\u00f3 \u0111\u1ea7y \u0111\u1ee7 quy\u1ec1n c\u1ee7a c\u1ed5 \u0111\u00f4ng."},{"question":"M\u1ed9t c\u00f4ng ty c\u00f3 th\u1ec3 mua l\u1ea1i bao nhi\u00eau c\u1ed5 phi\u1ebfu qu\u1ef9 t\u1ea1i Vi\u1ec7t Nam?","answer":"Theo Lu\u1eadt Ch\u1ee9ng kho\u00e1n 2019 v\u00e0 Ngh\u1ecb \u0111\u1ecbnh 155\/2020\/N\u0110-CP, c\u00e1c c\u00f4ng ty Vi\u1ec7t Nam \u0111\u01b0\u1ee3c ph\u00e9p mua l\u1ea1i t\u1ed1i \u0111a 30% t\u1ed5ng s\u1ed1 c\u1ed5 ph\u1ea7n \u0111\u00e3 ph\u00e1t h\u00e0nh l\u00e0m c\u1ed5 phi\u1ebfu qu\u1ef9. \u0110\u00e2y l\u00e0 m\u1ed9t s\u1ef1 gia t\u0103ng \u0111\u00e1ng k\u1ec3 so v\u1edbi gi\u1edbi h\u1ea1n 10% tr\u01b0\u1edbc \u0111\u00e2y, mang l\u1ea1i cho doanh nghi\u1ec7p s\u1ef1 linh ho\u1ea1t h\u01a1n trong c\u00e1c chi\u1ebfn l\u01b0\u1ee3c qu\u1ea3n l\u00fd v\u1ed1n. Tuy nhi\u00ean, c\u00e1c c\u00f4ng ty ph\u1ea3i \u0111\u1ea3m b\u1ea3o r\u1eb1ng vi\u1ec7c mua l\u1ea1i kh\u00f4ng g\u00e2y ra t\u00ecnh tr\u1ea1ng m\u1ea5t kh\u1ea3 n\u0103ng thanh to\u00e1n v\u00e0 ph\u1ea3i s\u1eed d\u1ee5ng c\u00e1c ngu\u1ed3n v\u1ed1n h\u1ee3p ph\u00e1p nh\u01b0 th\u1eb7ng d\u01b0 v\u1ed1n c\u1ed5 ph\u1ea7n, l\u1ee3i nhu\u1eadn sau thu\u1ebf ch\u01b0a ph\u00e2n ph\u1ed1i, ho\u1eb7c qu\u1ef9 \u0111\u1ea7u t\u01b0 v\u00e0 ph\u00e1t tri\u1ec3n."},{"question":"L\u00e0m th\u1ebf n\u00e0o \u0111\u1ec3 bi\u1ebft m\u1ed9t c\u00f4ng ty \u0111ang mua l\u1ea1i c\u1ed5 phi\u1ebfu qu\u1ef9?","answer":"C\u00e1c c\u00f4ng ty ni\u00eam y\u1ebft t\u1ea1i Vi\u1ec7t Nam \u0111\u01b0\u1ee3c y\u00eau c\u1ea7u c\u00f4ng b\u1ed1 th\u00f4ng tin v\u1ec1 k\u1ebf ho\u1ea1ch mua l\u1ea1i c\u1ed5 phi\u1ebfu qu\u1ef9 \u00edt nh\u1ea5t 7 ng\u00e0y l\u00e0m vi\u1ec7c tr\u01b0\u1edbc khi th\u1ef1c hi\u1ec7n. \u0110\u1ec3 theo d\u00f5i th\u00f4ng tin n\u00e0y, b\u1ea1n c\u00f3 th\u1ec3: (1) Ki\u1ec3m tra m\u1ee5c \"C\u00f4ng b\u1ed1 th\u00f4ng tin\" tr\u00ean trang web c\u1ee7a c\u00f4ng ty; (2) Truy c\u1eadp c\u1ed5ng th\u00f4ng tin c\u1ee7a HOSE\/HNX\/UPCOM; (3) Theo d\u00f5i c\u1ed5ng th\u00f4ng tin c\u1ee7a \u1ee6y ban Ch\u1ee9ng kho\u00e1n Nh\u00e0 n\u01b0\u1edbc; (4) S\u1eed d\u1ee5ng t\u00ednh n\u0103ng \"Th\u00f4ng b\u00e1o Ho\u1ea1t \u0111\u1ed9ng C\u1ed5 phi\u1ebfu Qu\u1ef9\" tr\u00ean n\u1ec1n t\u1ea3ng Pocket Option, cung c\u1ea5p c\u1ea3nh b\u00e1o theo th\u1eddi gian th\u1ef1c khi c\u00f3 th\u00f4ng b\u00e1o m\u1edbi."},{"question":"C\u00f3 n\u00ean \u0111\u1ea7u t\u01b0 v\u00e0o c\u00e1c c\u00f4ng ty \u0111ang mua l\u1ea1i c\u1ed5 phi\u1ebfu qu\u1ef9 kh\u00f4ng?","answer":"Kh\u00f4ng c\u00f3 c\u00e2u tr\u1ea3 l\u1eddi \"c\u00f3-kh\u00f4ng\" tuy\u1ec7t \u0111\u1ed1i. Quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0 n\u00ean d\u1ef1a tr\u00ean ph\u00e2n t\u00edch 5 y\u1ebfu t\u1ed1: (1) Quy m\u00f4 c\u1ee7a ch\u01b0\u01a1ng tr\u00ecnh mua l\u1ea1i (>3% v\u1ed1n \u0111i\u1ec1u l\u1ec7 th\u01b0\u1eddng l\u00e0 t\u00edn hi\u1ec7u m\u1ea1nh); (2) M\u1ee5c \u0111\u00edch th\u1ef1c s\u1ef1 c\u1ee7a vi\u1ec7c mua l\u1ea1i (h\u1ed7 tr\u1ee3 gi\u00e1, c\u1ea3i thi\u1ec7n EPS, ESOP, hay t\u00e1i c\u1ea5u tr\u00fac?); (3) Th\u1eddi \u0111i\u1ec3m th\u1ef1c hi\u1ec7n (mua trong th\u1eddi k\u1ef3 th\u1ecb tr\u01b0\u1eddng gi\u1ea3m s\u00e2u th\u01b0\u1eddng hi\u1ec7u qu\u1ea3 h\u01a1n); (4) T\u00ecnh h\u00ecnh t\u00e0i ch\u00ednh c\u1ee7a c\u00f4ng ty (t\u1ef7 l\u1ec7 ti\u1ec1n m\u1eb7t, kh\u1ea3 n\u0103ng sinh l\u1eddi); (5) \u0110\u1ecbnh gi\u00e1 hi\u1ec7n t\u1ea1i (P\/E, P\/B so v\u1edbi trung b\u00ecnh ng\u00e0nh). D\u1eef li\u1ec7u t\u1eeb Pocket Option cho th\u1ea5y c\u00e1c ch\u01b0\u01a1ng tr\u00ecnh mua l\u1ea1i quy m\u00f4 l\u1edbn (>5% v\u1ed1n) khi c\u1ed5 phi\u1ebfu \u0111\u00e3 gi\u1ea3m >30% t\u1eeb \u0111\u1ec9nh c\u00f3 t\u1ef7 l\u1ec7 th\u00e0nh c\u00f4ng l\u00ean \u0111\u1ebfn 85%."},{"question":"C\u1ed5 phi\u1ebfu qu\u1ef9 c\u00f3 nh\u1eadn c\u1ed5 t\u1ee9c kh\u00f4ng?","answer":"Kh\u00f4ng, c\u1ed5 phi\u1ebfu qu\u1ef9 kh\u00f4ng \u0111\u01b0\u1ee3c h\u01b0\u1edfng b\u1ea5t k\u1ef3 l\u1ee3i \u00edch n\u00e0o c\u1ee7a c\u1ed5 \u0111\u00f4ng th\u01b0\u1eddng. C\u1ee5 th\u1ec3: (1) Kh\u00f4ng c\u00f3 quy\u1ec1n bi\u1ec3u quy\u1ebft t\u1ea1i c\u00e1c cu\u1ed9c h\u1ecdp c\u1ed5 \u0111\u00f4ng; (2) Kh\u00f4ng nh\u1eadn c\u1ed5 t\u1ee9c b\u1eb1ng ti\u1ec1n m\u1eb7t ho\u1eb7c c\u1ed5 phi\u1ebfu; (3) Kh\u00f4ng \u0111\u01b0\u1ee3c t\u00ednh v\u00e0o s\u1ed1 l\u01b0\u1ee3ng c\u1ed5 phi\u1ebfu \u0111ang l\u01b0u h\u00e0nh khi t\u00ednh EPS; (4) Kh\u00f4ng c\u00f3 quy\u1ec1n mua th\u00eam c\u1ed5 phi\u1ebfu ph\u00e1t h\u00e0nh th\u00eam. \u0110i\u1ec1u n\u00e0y t\u1ea1o ra hi\u1ec7u \u1ee9ng t\u00edch c\u1ef1c b\u1eb1ng c\u00e1ch gi\u1ea3m s\u1ed1 l\u01b0\u1ee3ng c\u1ed5 phi\u1ebfu \u0111\u1ee7 \u0111i\u1ec1u ki\u1ec7n nh\u1eadn c\u1ed5 t\u1ee9c, t\u1eeb \u0111\u00f3 t\u0103ng gi\u00e1 tr\u1ecb ph\u00e2n ph\u1ed1i cho m\u1ed7i c\u1ed5 \u0111\u00f4ng c\u00f2n l\u1ea1i. Th\u1ed1ng k\u00ea cho th\u1ea5y c\u00e1c c\u00f4ng ty Vi\u1ec7t Nam c\u00f3 t\u1ef7 l\u1ec7 c\u1ed5 phi\u1ebfu qu\u1ef9 >5% th\u01b0\u1eddng c\u00f3 t\u1ef7 l\u1ec7 t\u0103ng tr\u01b0\u1edfng c\u1ed5 t\u1ee9c ti\u1ec1n m\u1eb7t tr\u00ean m\u1ed7i c\u1ed5 phi\u1ebfu cao h\u01a1n 8-12% so v\u1edbi c\u00e1c c\u00f4ng ty c\u00f9ng ng\u00e0nh kh\u00f4ng c\u00f3 c\u1ed5 phi\u1ebfu qu\u1ef9."}],"faq_source":{"label":"FAQ","type":"repeater","formatted_value":[{"question":"C\u1ed5 phi\u1ebfu qu\u1ef9 kh\u00e1c v\u1edbi qu\u1ef9 \u0111\u1ea7u t\u01b0 nh\u01b0 th\u1ebf n\u00e0o?","answer":"C\u1ed5 phi\u1ebfu qu\u1ef9 \u0111\u1ec1 c\u1eadp \u0111\u1ebfn c\u00e1c c\u1ed5 phi\u1ebfu m\u00e0 m\u1ed9t c\u00f4ng ty \u0111\u00e3 ph\u00e1t h\u00e0nh nh\u01b0ng sau \u0111\u00f3 mua l\u1ea1i t\u1eeb th\u1ecb tr\u01b0\u1eddng v\u00e0 gi\u1eef trong kho b\u1ea1c c\u1ee7a m\u00ecnh. Ng\u01b0\u1ee3c l\u1ea1i, qu\u1ef9 \u0111\u1ea7u t\u01b0 l\u00e0 m\u1ed9t t\u1ed5 ch\u1ee9c trung gian t\u00e0i ch\u00ednh huy \u0111\u1ed9ng v\u1ed1n t\u1eeb nhi\u1ec1u nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u1ec3 \u0111\u1ea7u t\u01b0 v\u00e0o m\u1ed9t danh m\u1ee5c ch\u1ee9ng kho\u00e1n \u0111a d\u1ea1ng. S\u1ef1 kh\u00e1c bi\u1ec7t c\u01a1 b\u1ea3n: c\u1ed5 phi\u1ebfu qu\u1ef9 \u0111\u01b0\u1ee3c ph\u00e1t h\u00e0nh v\u00e0 mua l\u1ea1i b\u1edfi ch\u00ednh c\u00f4ng ty, kh\u00f4ng c\u00f3 quy\u1ec1n bi\u1ec3u quy\u1ebft ho\u1eb7c quy\u1ec1n nh\u1eadn c\u1ed5 t\u1ee9c; qu\u1ef9 \u0111\u1ea7u t\u01b0 l\u00e0 m\u1ed9t t\u1ed5 ch\u1ee9c \u0111\u1ed9c l\u1eadp mua c\u1ed5 phi\u1ebfu t\u1eeb nhi\u1ec1u c\u00f4ng ty kh\u00e1c nhau v\u00e0 c\u00f3 \u0111\u1ea7y \u0111\u1ee7 quy\u1ec1n c\u1ee7a c\u1ed5 \u0111\u00f4ng."},{"question":"M\u1ed9t c\u00f4ng ty c\u00f3 th\u1ec3 mua l\u1ea1i bao nhi\u00eau c\u1ed5 phi\u1ebfu qu\u1ef9 t\u1ea1i Vi\u1ec7t Nam?","answer":"Theo Lu\u1eadt Ch\u1ee9ng kho\u00e1n 2019 v\u00e0 Ngh\u1ecb \u0111\u1ecbnh 155\/2020\/N\u0110-CP, c\u00e1c c\u00f4ng ty Vi\u1ec7t Nam \u0111\u01b0\u1ee3c ph\u00e9p mua l\u1ea1i t\u1ed1i \u0111a 30% t\u1ed5ng s\u1ed1 c\u1ed5 ph\u1ea7n \u0111\u00e3 ph\u00e1t h\u00e0nh l\u00e0m c\u1ed5 phi\u1ebfu qu\u1ef9. \u0110\u00e2y l\u00e0 m\u1ed9t s\u1ef1 gia t\u0103ng \u0111\u00e1ng k\u1ec3 so v\u1edbi gi\u1edbi h\u1ea1n 10% tr\u01b0\u1edbc \u0111\u00e2y, mang l\u1ea1i cho doanh nghi\u1ec7p s\u1ef1 linh ho\u1ea1t h\u01a1n trong c\u00e1c chi\u1ebfn l\u01b0\u1ee3c qu\u1ea3n l\u00fd v\u1ed1n. Tuy nhi\u00ean, c\u00e1c c\u00f4ng ty ph\u1ea3i \u0111\u1ea3m b\u1ea3o r\u1eb1ng vi\u1ec7c mua l\u1ea1i kh\u00f4ng g\u00e2y ra t\u00ecnh tr\u1ea1ng m\u1ea5t kh\u1ea3 n\u0103ng thanh to\u00e1n v\u00e0 ph\u1ea3i s\u1eed d\u1ee5ng c\u00e1c ngu\u1ed3n v\u1ed1n h\u1ee3p ph\u00e1p nh\u01b0 th\u1eb7ng d\u01b0 v\u1ed1n c\u1ed5 ph\u1ea7n, l\u1ee3i nhu\u1eadn sau thu\u1ebf ch\u01b0a ph\u00e2n ph\u1ed1i, ho\u1eb7c qu\u1ef9 \u0111\u1ea7u t\u01b0 v\u00e0 ph\u00e1t tri\u1ec3n."},{"question":"L\u00e0m th\u1ebf n\u00e0o \u0111\u1ec3 bi\u1ebft m\u1ed9t c\u00f4ng ty \u0111ang mua l\u1ea1i c\u1ed5 phi\u1ebfu qu\u1ef9?","answer":"C\u00e1c c\u00f4ng ty ni\u00eam y\u1ebft t\u1ea1i Vi\u1ec7t Nam \u0111\u01b0\u1ee3c y\u00eau c\u1ea7u c\u00f4ng b\u1ed1 th\u00f4ng tin v\u1ec1 k\u1ebf ho\u1ea1ch mua l\u1ea1i c\u1ed5 phi\u1ebfu qu\u1ef9 \u00edt nh\u1ea5t 7 ng\u00e0y l\u00e0m vi\u1ec7c tr\u01b0\u1edbc khi th\u1ef1c hi\u1ec7n. \u0110\u1ec3 theo d\u00f5i th\u00f4ng tin n\u00e0y, b\u1ea1n c\u00f3 th\u1ec3: (1) Ki\u1ec3m tra m\u1ee5c \"C\u00f4ng b\u1ed1 th\u00f4ng tin\" tr\u00ean trang web c\u1ee7a c\u00f4ng ty; (2) Truy c\u1eadp c\u1ed5ng th\u00f4ng tin c\u1ee7a HOSE\/HNX\/UPCOM; (3) Theo d\u00f5i c\u1ed5ng th\u00f4ng tin c\u1ee7a \u1ee6y ban Ch\u1ee9ng kho\u00e1n Nh\u00e0 n\u01b0\u1edbc; (4) S\u1eed d\u1ee5ng t\u00ednh n\u0103ng \"Th\u00f4ng b\u00e1o Ho\u1ea1t \u0111\u1ed9ng C\u1ed5 phi\u1ebfu Qu\u1ef9\" tr\u00ean n\u1ec1n t\u1ea3ng Pocket Option, cung c\u1ea5p c\u1ea3nh b\u00e1o theo th\u1eddi gian th\u1ef1c khi c\u00f3 th\u00f4ng b\u00e1o m\u1edbi."},{"question":"C\u00f3 n\u00ean \u0111\u1ea7u t\u01b0 v\u00e0o c\u00e1c c\u00f4ng ty \u0111ang mua l\u1ea1i c\u1ed5 phi\u1ebfu qu\u1ef9 kh\u00f4ng?","answer":"Kh\u00f4ng c\u00f3 c\u00e2u tr\u1ea3 l\u1eddi \"c\u00f3-kh\u00f4ng\" tuy\u1ec7t \u0111\u1ed1i. Quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0 n\u00ean d\u1ef1a tr\u00ean ph\u00e2n t\u00edch 5 y\u1ebfu t\u1ed1: (1) Quy m\u00f4 c\u1ee7a ch\u01b0\u01a1ng tr\u00ecnh mua l\u1ea1i (>3% v\u1ed1n \u0111i\u1ec1u l\u1ec7 th\u01b0\u1eddng l\u00e0 t\u00edn hi\u1ec7u m\u1ea1nh); (2) M\u1ee5c \u0111\u00edch th\u1ef1c s\u1ef1 c\u1ee7a vi\u1ec7c mua l\u1ea1i (h\u1ed7 tr\u1ee3 gi\u00e1, c\u1ea3i thi\u1ec7n EPS, ESOP, hay t\u00e1i c\u1ea5u tr\u00fac?); (3) Th\u1eddi \u0111i\u1ec3m th\u1ef1c hi\u1ec7n (mua trong th\u1eddi k\u1ef3 th\u1ecb tr\u01b0\u1eddng gi\u1ea3m s\u00e2u th\u01b0\u1eddng hi\u1ec7u qu\u1ea3 h\u01a1n); (4) T\u00ecnh h\u00ecnh t\u00e0i ch\u00ednh c\u1ee7a c\u00f4ng ty (t\u1ef7 l\u1ec7 ti\u1ec1n m\u1eb7t, kh\u1ea3 n\u0103ng sinh l\u1eddi); (5) \u0110\u1ecbnh gi\u00e1 hi\u1ec7n t\u1ea1i (P\/E, P\/B so v\u1edbi trung b\u00ecnh ng\u00e0nh). D\u1eef li\u1ec7u t\u1eeb Pocket Option cho th\u1ea5y c\u00e1c ch\u01b0\u01a1ng tr\u00ecnh mua l\u1ea1i quy m\u00f4 l\u1edbn (>5% v\u1ed1n) khi c\u1ed5 phi\u1ebfu \u0111\u00e3 gi\u1ea3m >30% t\u1eeb \u0111\u1ec9nh c\u00f3 t\u1ef7 l\u1ec7 th\u00e0nh c\u00f4ng l\u00ean \u0111\u1ebfn 85%."},{"question":"C\u1ed5 phi\u1ebfu qu\u1ef9 c\u00f3 nh\u1eadn c\u1ed5 t\u1ee9c kh\u00f4ng?","answer":"Kh\u00f4ng, c\u1ed5 phi\u1ebfu qu\u1ef9 kh\u00f4ng \u0111\u01b0\u1ee3c h\u01b0\u1edfng b\u1ea5t k\u1ef3 l\u1ee3i \u00edch n\u00e0o c\u1ee7a c\u1ed5 \u0111\u00f4ng th\u01b0\u1eddng. C\u1ee5 th\u1ec3: (1) Kh\u00f4ng c\u00f3 quy\u1ec1n bi\u1ec3u quy\u1ebft t\u1ea1i c\u00e1c cu\u1ed9c h\u1ecdp c\u1ed5 \u0111\u00f4ng; (2) Kh\u00f4ng nh\u1eadn c\u1ed5 t\u1ee9c b\u1eb1ng ti\u1ec1n m\u1eb7t ho\u1eb7c c\u1ed5 phi\u1ebfu; (3) Kh\u00f4ng \u0111\u01b0\u1ee3c t\u00ednh v\u00e0o s\u1ed1 l\u01b0\u1ee3ng c\u1ed5 phi\u1ebfu \u0111ang l\u01b0u h\u00e0nh khi t\u00ednh EPS; (4) Kh\u00f4ng c\u00f3 quy\u1ec1n mua th\u00eam c\u1ed5 phi\u1ebfu ph\u00e1t h\u00e0nh th\u00eam. \u0110i\u1ec1u n\u00e0y t\u1ea1o ra hi\u1ec7u \u1ee9ng t\u00edch c\u1ef1c b\u1eb1ng c\u00e1ch gi\u1ea3m s\u1ed1 l\u01b0\u1ee3ng c\u1ed5 phi\u1ebfu \u0111\u1ee7 \u0111i\u1ec1u ki\u1ec7n nh\u1eadn c\u1ed5 t\u1ee9c, t\u1eeb \u0111\u00f3 t\u0103ng gi\u00e1 tr\u1ecb ph\u00e2n ph\u1ed1i cho m\u1ed7i c\u1ed5 \u0111\u00f4ng c\u00f2n l\u1ea1i. Th\u1ed1ng k\u00ea cho th\u1ea5y c\u00e1c c\u00f4ng ty Vi\u1ec7t Nam c\u00f3 t\u1ef7 l\u1ec7 c\u1ed5 phi\u1ebfu qu\u1ef9 >5% th\u01b0\u1eddng c\u00f3 t\u1ef7 l\u1ec7 t\u0103ng tr\u01b0\u1edfng c\u1ed5 t\u1ee9c ti\u1ec1n m\u1eb7t tr\u00ean m\u1ed7i c\u1ed5 phi\u1ebfu cao h\u01a1n 8-12% so v\u1edbi c\u00e1c c\u00f4ng ty c\u00f9ng ng\u00e0nh kh\u00f4ng c\u00f3 c\u1ed5 phi\u1ebfu qu\u1ef9."}]}},"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>Qu\u1ef9 C\u1ed5 Phi\u1ebfu l\u00e0 g\u00ec: Chi\u1ebfn l\u01b0\u1ee3c T\u0103ng L\u1ee3i Nhu\u1eadn l\u00ean 30% cho Nh\u00e0 \u0110\u1ea7u T\u01b0 Vi\u1ec7t Nam v\u00e0o n\u0103m 2025<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pocketoption.com\/blog\/vt\/knowledge-base\/learning\/what-is-a-stock-fund\/\" 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