{"id":13421,"date":"2026-05-05T15:49:30","date_gmt":"2026-05-05T08:49:30","guid":{"rendered":"https:\/\/taichinhphowall.com\/index.php\/2026\/05\/05\/nhom-ctck-boi-thu-tu-cho-vay-giua-boi-canh-nha-dau-tu-kho-kiem-loi\/"},"modified":"2026-05-05T15:49:30","modified_gmt":"2026-05-05T08:49:30","slug":"nhom-ctck-boi-thu-tu-cho-vay-giua-boi-canh-nha-dau-tu-kho-kiem-loi","status":"publish","type":"post","link":"https:\/\/taichinhphowall.com\/index.php\/2026\/05\/05\/nhom-ctck-boi-thu-tu-cho-vay-giua-boi-canh-nha-dau-tu-kho-kiem-loi\/","title":{"rendered":"Nh\u00f3m CTCK b\u1ed9i thu t\u1eeb cho vay gi\u1eefa b\u1ed1i c\u1ea3nh nh\u00e0 \u0111\u1ea7u t\u01b0 kh\u00f3 ki\u1ebfm l\u1eddi"},"content":{"rendered":"
\n

Trong khi th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n li\u00ean t\u1ee5c ch\u1ee9ng ki\u1ebfn nh\u1eefng nh\u1ecbp rung l\u1eafc khi\u1ebfn nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n ch\u1eadt v\u1eadt t\u00ecm ki\u1ebfm l\u1ee3i nhu\u1eadn v\u00e0 ngay c\u1ea3 b\u1ed9 ph\u1eadn t\u1ef1 doanh c\u1ee7a c\u00e1c c\u00f4ng ty ch\u1ee9ng kho\u00e1n (CTCK) c\u0169ng ph\u1ea3i \u0111\u1ed1i m\u1eb7t v\u1edbi kh\u00f4ng \u00edt “c\u01a1n \u0111au \u0111\u1ea7u” trong vi\u1ec7c t\u1ed1i \u01b0u h\u00f3a danh m\u1ee5c, th\u00ec m\u1ed9t b\u1ee9c tranh ho\u00e0n to\u00e0n tr\u00e1i ng\u01b0\u1ee3c l\u1ea1i \u0111ang hi\u1ec7n l\u00ean \u0111\u1ea7y r\u00f5 n\u00e9t t\u1ea1i m\u1ea3ng kinh doanh c\u1ed1t l\u00f5i c\u1ee7a c\u00e1c \u0111\u1ecbnh ch\u1ebf t\u00e0i ch\u00ednh n\u00e0y. Nh\u1eefng con s\u1ed1 t\u1eeb b\u00e1o c\u00e1o t\u00e0i ch\u00ednh qu\u00fd 1\/2026 cho th\u1ea5y c\u00e1c c\u00f4ng ty ch\u1ee9ng kho\u00e1n \u0111ang th\u1ef1c s\u1ef1 “h\u00e1i ra ti\u1ec1n” t\u1eeb d\u1ecbch v\u1ee5 cho vay k\u00fd qu\u1ef9, b\u1ea5t ch\u1ea5p nh\u1eefng th\u00e1ch th\u1ee9c b\u1ee7a v\u00e2y th\u1ecb tr\u01b0\u1eddng chung.<\/p>\n

\n \"Nh\u00f3m
\u1ea2nh t\u1eeb ngu\u1ed3n: cafef.vn<\/em><\/figcaption><\/figure>\n

K\u1ef7 l\u1ee5c doanh thu t\u1eeb nghi\u1ec7p v\u1ee5 cho vay k\u00fd qu\u1ef9<\/h2>\n

Th\u1ef1c t\u1ebf cho th\u1ea5y m\u1ed9t ngh\u1ecbch l\u00fd \u0111ang di\u1ec5n ra tr\u00ean s\u00e0n \u0111\u1ea5u t\u00e0i ch\u00ednh: t\u1ed5ng l\u00e3i t\u1eeb cho vay v\u00e0 ph\u1ea3i thu c\u1ee7a nh\u00f3m CTCK \u0111\u00e3 ch\u00ednh th\u1ee9c thi\u1ebft l\u1eadp m\u1ed9t k\u1ef7 l\u1ee5c m\u1edbi \u0111\u1ea7y \u1ea5n t\u01b0\u1ee3ng. Theo ghi nh\u1eadn trong qu\u00fd 1\/2026, con s\u1ed1 n\u00e0y \u0111\u00e3 v\u1ecdt l\u00ean m\u1ee9c g\u1ea7n 11.000 t\u1ef7 \u0111\u1ed3ng. M\u1ee9c t\u0103ng tr\u01b0\u1edfng 68% so v\u1edbi c\u00f9ng k\u1ef3 v\u00e0 cao h\u01a1n 10% so v\u1edbi qu\u00fd tr\u01b0\u1edbc kh\u00f4ng ch\u1ec9 l\u00e0 nh\u1eefng con s\u1ed1 bi\u1ebft n\u00f3i, m\u00e0 c\u00f2n ph\u1ea3n \u00e1nh d\u00f2ng ti\u1ec1n \u0111ang ch\u1ea3y m\u1ea1nh m\u1ebd v\u00e0o ho\u1ea1t \u0111\u1ed9ng t\u00e0i tr\u1ee3 v\u1ed1n cho nh\u00e0 \u0111\u1ea7u t\u01b0 thay v\u00ec t\u00ecm ki\u1ebfm l\u1ee3i nhu\u1eadn tr\u1ef1c ti\u1ebfp t\u1eeb vi\u1ec7c trading c\u1ed5 phi\u1ebfu. S\u1ef1 d\u1ecbch chuy\u1ec3n n\u00e0y cho th\u1ea5y c\u00e1c CTCK \u0111\u00e3 ch\u1ecdn c\u00e1ch “\u0111\u1ee9ng ngo\u00e0i c\u01a1n b\u00e3o” bi\u1ebfn \u0111\u1ed9ng gi\u00e1 \u0111\u1ec3 t\u1eadp trung v\u00e0o m\u1ea3ng d\u1ecbch v\u1ee5 mang l\u1ea1i ngu\u1ed3n thu \u1ed5n \u0111\u1ecbnh v\u00e0 b\u1ec1n v\u1eefng h\u01a1n.<\/p>\n

T\u1ea1i sao nh\u00f3m CTCK b\u1ed9i thu t\u1eeb cho vay gi\u1eefa th\u1ecb tr\u01b0\u1eddng kh\u00f3 kh\u0103n?<\/h2>\n

Nh\u00ecn s\u00e2u v\u00e0o b\u1ea3n ch\u1ea5t, vi\u1ec7c nh\u00f3m CTCK b\u1ed9i thu t\u1eeb cho vay trong khi nh\u00e0 \u0111\u1ea7u t\u01b0 kh\u00f3 ki\u1ebfm l\u1eddi xu\u1ea5t ph\u00e1t t\u1eeb c\u1ea5u tr\u00fac th\u1ecb tr\u01b0\u1eddng hi\u1ec7n t\u1ea1i. Khi xu h\u01b0\u1edbng t\u0103ng \u0111i\u1ec3m kh\u00f4ng c\u00f2n r\u00f5 r\u00e0ng nh\u01b0 nh\u1eefng giai \u0111o\u1ea1n tr\u01b0\u1edbc, hay n\u00f3i c\u00e1ch kh\u00e1c l\u00e0 ch\u1ee9ng kho\u00e1n th\u00e1ng 5 v\u00e0 x\u00e1c su\u1ea5t t\u0103ng \u0111i\u1ec3m d\u01b0\u1edbi g\u00f3c nh\u00ecn l\u1ecbch s\u1eed v\u1ed1n d\u0129 lu\u00f4n \u0111\u1ea7y r\u1eaby s\u1ef1 th\u1eadn tr\u1ecdng, nh\u00e0 \u0111\u1ea7u t\u01b0 v\u1eabn gi\u1eef t\u00e2m l\u00fd s\u1eed d\u1ee5ng \u0111\u00f2n b\u1ea9y \u0111\u1ec3 k\u1ef3 v\u1ecdng v\u00e0o nh\u1eefng c\u01a1 h\u1ed9i ng\u1eafn h\u1ea1n. Nhu c\u1ea7u n\u00e0y v\u00f4 t\u00ecnh tr\u1edf th\u00e0nh “m\u1ecf v\u00e0ng” cho c\u00e1c CTCK. Thay v\u00ec ph\u1ea3i ch\u1ecbu \u00e1p l\u1ef1c t\u1eeb c\u00e1c quy\u1ebft \u0111\u1ecbnh ph\u00e2n b\u1ed5 t\u00e0i s\u1ea3n \u0111\u1ea7y r\u1ee7i ro trong danh m\u1ee5c t\u1ef1 doanh, c\u00e1c c\u00f4ng ty n\u00e0y ch\u1ec9 c\u1ea7n cung c\u1ea5p “x\u1ebbng” cho nh\u1eefng ng\u01b0\u1eddi \u0111i \u0111\u00e0o v\u00e0ng, qua \u0111\u00f3 thu v\u1ec1 ph\u00ed l\u00e3i vay \u0111\u1ec1u \u0111\u1eb7n b\u1ea5t k\u1ec3 k\u1ebft qu\u1ea3 cu\u1ed1i c\u00f9ng c\u1ee7a nh\u1eefng ng\u01b0\u1eddi giao d\u1ecbch ra sao.<\/p>\n

S\u1ef1 kh\u00e1c bi\u1ec7t trong chi\u1ebfn l\u01b0\u1ee3c c\u1ee7a c\u00e1c \u0111\u1ecbnh ch\u1ebf t\u00e0i ch\u00ednh<\/h2>\n

Khi so s\u00e1nh v\u1edbi nh\u1eefng di\u1ec5n bi\u1ebfn t\u1ea1i c\u00e1c ng\u00e0nh kh\u00e1c nh\u01b0 s\u1ef1 chuy\u1ec3n d\u1ecbch d\u00f2ng v\u1ed1n doanh nghi\u1ec7p t\u1ea1i c\u00e1c \u0111\u01a1n v\u1ecb s\u1ea3n xu\u1ea5t l\u1edbn, ch\u00fang ta th\u1ea5y r\u00f5 s\u1ef1 kh\u00e1c bi\u1ec7t trong t\u01b0 duy v\u1eadn h\u00e0nh. Trong khi c\u00e1c doanh nghi\u1ec7p kinh doanh h\u00e0ng h\u00f3a bu\u1ed9c ph\u1ea3i \u0111\u1ed1i m\u1eb7t v\u1edbi \u00e1p l\u1ef1c \u0111\u1ea7u ra, th\u00ec c\u00e1c CTCK l\u1ea1i n\u1eafm gi\u1eef l\u1ee3i th\u1ebf nh\u1edd s\u1edf h\u1eefu h\u1ea1 t\u1ea7ng t\u00e0i ch\u00ednh. \u0110\u00e1ng ch\u00fa \u00fd l\u00e0 khi th\u1ecb tr\u01b0\u1eddng ph\u00e2n h\u00f3a m\u1ea1nh, c\u00e2u chuy\u1ec7n kh\u00f4ng ch\u1ec9 d\u1eebng l\u1ea1i \u1edf quy m\u00f4 v\u1ed1n m\u00e0 c\u00f2n \u1edf kh\u1ea3 n\u0103ng qu\u1ea3n tr\u1ecb r\u1ee7i ro cho vay. Nh\u1eefng \u0111\u01a1n v\u1ecb c\u00f3 n\u1ec1n t\u1ea3ng kh\u00e1ch h\u00e0ng t\u1ed1t v\u00e0 ki\u1ec3m so\u00e1t d\u00f2ng ti\u1ec1n hi\u1ec7u qu\u1ea3 \u0111ang t\u1eadn d\u1ee5ng t\u1ed1i \u0111a nhu c\u1ea7u vay v\u1ed1n \u0111\u1ec3 \u0111\u1ea9y doanh thu l\u00ean cao, bi\u1ebfn c\u00e1c kho\u1ea3n ph\u1ea3i thu th\u00e0nh c\u1ed7 m\u00e1y in ti\u1ec1n th\u1ef1c th\u1ee5 ngay c\u1ea3 trong giai \u0111o\u1ea1n th\u1ecb tr\u01b0\u1eddng chung kh\u00f4ng m\u1ea5y kh\u1edfi s\u1eafc.<\/p>\n

S\u1ef1 th\u00e0nh c\u00f4ng c\u1ee7a m\u1ea3ng cho vay c\u0169ng l\u00e0 m\u1ed9t l\u1eddi nh\u1eafc nh\u1edf v\u1ec1 b\u1ea3n ch\u1ea5t c\u1ee7a th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n, n\u01a1i m\u00e0 nh\u1eefng ng\u01b0\u1eddi cung c\u1ea5p d\u1ecbch v\u1ee5 h\u1ea1 t\u1ea7ng th\u01b0\u1eddng c\u00f3 v\u1ecb th\u1ebf b\u1ec1n v\u1eefng h\u01a1n nh\u1eefng ng\u01b0\u1eddi tham gia giao d\u1ecbch \u0111\u01a1n thu\u1ea7n. Trong khi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 v\u1eabn \u0111ang mi\u1ec7t m\u00e0i t\u00ecm ki\u1ebfm \u0111i\u1ec3m mua h\u1ee3p l\u00fd trong m\u1ed9t b\u1ea3ng \u0111i\u1ec7n t\u1eed \u0111\u1ea7y xanh \u0111\u1ecf, th\u00ec s\u1ef1 b\u1ed9i thu c\u1ee7a c\u00e1c CTCK nh\u01b0 m\u1ed9t minh ch\u1ee9ng cho th\u1ea5y r\u1eb1ng: trong m\u1ecdi cu\u1ed9c ch\u01a1i, ng\u01b0\u1eddi n\u1eafm gi\u1eef d\u00f2ng v\u1ed1n lu\u00f4n l\u00e0 ng\u01b0\u1eddi chi\u1ebfm \u01b0u th\u1ebf tuy\u1ec7t \u0111\u1ed1i.<\/p>\n

B\u00e0i vi\u1ebft \u0111\u00e3 \u0111\u01b0\u1ee3c bi\u00ean t\u1eadp l\u1ea1i t\u1eeb ngu\u1ed3n: cafef.vn<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Trong khi th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n li\u00ean t\u1ee5c ch\u1ee9ng ki\u1ebfn nh\u1eefng nh\u1ecbp rung l\u1eafc khi\u1ebfn nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n ch\u1eadt v\u1eadt t\u00ecm ki\u1ebfm l\u1ee3i nhu\u1eadn v\u00e0 ngay c\u1ea3 b\u1ed9 ph\u1eadn t\u1ef1 doanh c\u1ee7a c\u00e1c c\u00f4ng ty ch\u1ee9ng kho\u00e1n (CTCK) c\u0169ng ph\u1ea3i \u0111\u1ed1i m\u1eb7t v\u1edbi kh\u00f4ng \u00edt “c\u01a1n \u0111au \u0111\u1ea7u” trong vi\u1ec7c t\u1ed1i \u01b0u h\u00f3a […]<\/p>\n","protected":false},"author":1,"featured_media":13420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[43],"tags":[],"class_list":["post-13421","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tong-quan-thi-truong"],"_links":{"self":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts\/13421","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/comments?post=13421"}],"version-history":[{"count":0,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts\/13421\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media\/13420"}],"wp:attachment":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media?parent=13421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/categories?post=13421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/tags?post=13421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}