{"id":13735,"date":"2026-05-07T10:24:50","date_gmt":"2026-05-07T03:24:50","guid":{"rendered":"https:\/\/taichinhphowall.com\/index.php\/2026\/05\/07\/nang-hang-thi-truong-chung-khoan-viet-nam-va-nhung-buoc-tien-truoc-ky-danh-gia-cua-msci\/"},"modified":"2026-05-07T10:24:50","modified_gmt":"2026-05-07T03:24:50","slug":"nang-hang-thi-truong-chung-khoan-viet-nam-va-nhung-buoc-tien-truoc-ky-danh-gia-cua-msci","status":"publish","type":"post","link":"https:\/\/taichinhphowall.com\/index.php\/2026\/05\/07\/nang-hang-thi-truong-chung-khoan-viet-nam-va-nhung-buoc-tien-truoc-ky-danh-gia-cua-msci\/","title":{"rendered":"N\u00e2ng h\u1ea1ng th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam v\u00e0 nh\u1eefng b\u01b0\u1edbc ti\u1ebfn tr\u01b0\u1edbc k\u1ef3 \u0111\u00e1nh gi\u00e1 c\u1ee7a MSCI"},"content":{"rendered":"
\n

N\u00e2ng h\u1ea1ng th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam trong l\u1ed9 tr\u00ecnh ti\u1ebfn t\u1edbi nh\u00f3m th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i c\u1ee7a MSCI \u0111ang tr\u1edf th\u00e0nh t\u00e2m \u0111i\u1ec3m ch\u00fa \u00fd c\u1ee7a gi\u1edbi t\u00e0i ch\u00ednh trong k\u1ef3 \u0111\u00e1nh gi\u00e1 th\u00e1ng 6\/2026. V\u1edbi nh\u1eefng chuy\u1ec3n bi\u1ebfn t\u00edch c\u1ef1c trong c\u01a1 ch\u1ebf v\u1eadn h\u00e0nh v\u00e0 kh\u1ea3 n\u0103ng \u0111\u00e1p \u1ee9ng c\u00e1c ti\u00eau ch\u00ed kh\u1eaft khe, c\u00e2u h\u1ecfi v\u1ec1 vi\u1ec7c Vi\u1ec7t Nam c\u00f3 c\u01a1 h\u1ed9i \u0111\u01b0\u1ee3c \u0111\u01b0a v\u00e0o danh s\u00e1ch theo d\u00f5i (Watchlist) hay kh\u00f4ng \u0111ang nh\u1eadn \u0111\u01b0\u1ee3c s\u1ef1 quan t\u00e2m \u0111\u1eb7c bi\u1ec7t t\u1eeb c\u00e1c th\u00e0nh vi\u00ean th\u1ecb tr\u01b0\u1eddng.<\/p>\n

\n \"N\u00e2ng
\u1ea2nh t\u1eeb ngu\u1ed3n: vietstock.vn<\/em><\/figcaption><\/figure>\n

Nh\u1eefng c\u1ed9t m\u1ed1c quan tr\u1ecdng trong l\u1ed9 tr\u00ecnh n\u00e2ng h\u1ea1ng th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam<\/h2>\n

Th\u1ef1c t\u1ebf cho th\u1ea5y, th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam hi\u1ec7n \u0111\u00e3 \u0111\u00e1p \u1ee9ng \u0111\u01b0\u1ee3c 10\/18 ti\u00eau ch\u00ed v\u1ec1 kh\u1ea3 n\u0103ng ti\u1ebfp c\u1eadn do MSCI thi\u1ebft l\u1eadp v\u00e0 \u0111ang ghi nh\u1eadn nh\u1eefng c\u1ea3i thi\u1ec7n \u0111\u00e1ng k\u1ec3 \u1edf c\u00e1c ti\u00eau ch\u00ed c\u00f2n l\u1ea1i. SSI Research \u0111\u00e1nh gi\u00e1 cao nh\u1eefng n\u1ed7 l\u1ef1c c\u1ee5 th\u1ec3 nh\u01b0 vi\u1ec7c tri\u1ec3n khai c\u01a1 ch\u1ebf Non-Prefunding, x\u00e2y d\u1ef1ng l\u1ed9 tr\u00ecnh \u0111\u1ed1i t\u00e1c b\u00f9 tr\u1eeb trung t\u00e2m (CCP) \u0111i \u0111\u00fang k\u1ebf ho\u1ea1ch v\u00e0 m\u1edf r\u1ed9ng c\u00e1c c\u00f4ng c\u1ee5 b\u00e1n kh\u1ed1ng th\u00f4ng qua h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai VN30. Nh\u1eefng c\u1ea3i c\u00e1ch n\u00e0y kh\u00f4ng ch\u1ec9 l\u00e0 nh\u1eefng con s\u1ed1 tr\u00ean gi\u1ea5y t\u1edd m\u00e0 c\u00f2n l\u00e0 minh ch\u1ee9ng cho quy\u1ebft t\u00e2m n\u00e2ng c\u1ea5p h\u1ea1 t\u1ea7ng t\u00e0i ch\u00ednh, gi\u00fap th\u1ecb tr\u01b0\u1eddng tr\u1edf n\u00ean minh b\u1ea1ch v\u00e0 d\u1ec5 ti\u1ebfp c\u1eadn h\u01a1n \u0111\u1ed1i v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 qu\u1ed1c t\u1ebf.<\/p>\n

\u0110\u00e1ng ch\u00fa \u00fd, s\u1ef1 c\u1ea3i thi\u1ec7n v\u1ec1 m\u1ee9c \u0111\u1ed9 c\u00f4ng b\u1ed1 th\u00f4ng tin b\u1eb1ng ti\u1ebfng Anh t\u1eeb ph\u00eda c\u01a1 quan qu\u1ea3n l\u00fd v\u00e0 c\u00e1c doanh nghi\u1ec7p ni\u00eam y\u1ebft \u0111\u00e3 t\u1ea1o ra m\u1ed9t l\u00e0n gi\u00f3 m\u1edbi, gi\u1ea3m b\u1edbt r\u00e0o c\u1ea3n ng\u00f4n ng\u1eef v\u1ed1n l\u00e0 \u0111i\u1ec3m ngh\u1ebdn t\u1ed3n t\u1ea1i t\u1eeb l\u00e2u. B\u00ean c\u1ea1nh \u0111\u00f3, s\u1ef1 t\u0103ng tr\u01b0\u1edfng t\u1ef7 l\u1ec7 s\u1edf h\u1eefu n\u01b0\u1edbc ngo\u00e0i th\u1ef1c t\u1ebf tr\u00ean HOSE, t\u1eeb 41.4% l\u00ean 46% trong th\u00e1ng 04\/2026, l\u00e0 m\u1ed9t ch\u1ec9 d\u1ea5u ph\u1ea3n \u00e1nh s\u1ef1 quan t\u00e2m ng\u00e0y c\u00e0ng l\u1edbn t\u1eeb d\u00f2ng v\u1ed1n ngo\u1ea1i. S\u1ef1 gia t\u0103ng n\u00e0y ph\u1ea7n l\u1edbn \u0111\u01b0\u1ee3c th\u00fac \u0111\u1ea9y b\u1edfi c\u00e1c doanh nghi\u1ec7p v\u1ed1n h\u00f3a l\u1edbn m\u1edbi ni\u00eam y\u1ebft v\u1edbi bi\u00ean \u0111\u1ed9 s\u1edf h\u1eefu n\u01b0\u1edbc ngo\u00e0i l\u00ean t\u1edbi 100%, g\u00f3p ph\u1ea7n c\u1ee7ng c\u1ed1 v\u1ecb th\u1ebf c\u1ee7a th\u1ecb tr\u01b0\u1eddng n\u1ed9i \u0111\u1ecba tr\u00ean b\u1ea3n \u0111\u1ed3 \u0111\u1ea7u t\u01b0 khu v\u1ef1c.<\/p>\n

Th\u00e1ch th\u1ee9c c\u00f2n l\u1ea1i trong l\u1ed9 tr\u00ecnh n\u00e2ng h\u1ea1ng th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam<\/h2>\n

Nh\u00ecn s\u00e2u v\u00e0o b\u1ea3n ch\u1ea5t c\u00e1c ti\u00eau ch\u00ed m\u00e0 MSCI \u0111\u1eb7t ra, Vi\u1ec7t Nam hi\u1ec7n \u0111\u00e3 c\u00f3 17\/18 ti\u00eau ch\u00ed ti\u1ec7m c\u1eadn m\u1ee9c \u0111\u00e1p \u1ee9ng c\u01a1 b\u1ea3n. R\u00e0o c\u1ea3n cu\u1ed1i c\u00f9ng v\u1eabn n\u1eb1m \u1edf v\u1ea5n \u0111\u1ec1 t\u1ef1 do h\u00f3a th\u1ecb tr\u01b0\u1eddng ngo\u1ea1i h\u1ed1i (FX). Tuy nhi\u00ean, \u0111\u00e2y kh\u00f4ng ph\u1ea3i l\u00e0 y\u1ebfu t\u1ed1 mang t\u00ednh tri\u1ec7t ti\u00eau c\u01a1 h\u1ed9i. Nhi\u1ec1u th\u1ecb tr\u01b0\u1eddng hi\u1ec7n \u0111\u00e3 n\u1eb1m trong nh\u00f3m m\u1edbi n\u1ed5i c\u1ee7a MSCI v\u1eabn ch\u01b0a \u0111\u00e1p \u1ee9ng ho\u00e0n to\u00e0n ti\u00eau ch\u00ed n\u00e0y. Vi\u1ec7c c\u00e1c c\u01a1 quan ch\u1ee9c n\u0103ng \u0111ang xem x\u00e9t c\u00e1c \u0111\u1ec1 xu\u1ea5t cho ph\u00e9p ng\u00e2n h\u00e0ng th\u01b0\u01a1ng m\u1ea1i cung c\u1ea5p c\u00f4ng c\u1ee5 ph\u00f2ng ng\u1eeba r\u1ee7i ro t\u1ef7 gi\u00e1 (FX hedging) \u0111\u01b0\u1ee3c xem l\u00e0 t\u00edn hi\u1ec7u t\u00edch c\u1ef1c, m\u1edf ra tri\u1ec3n v\u1ecdng th\u00e1o g\u1ee1 \u0111i\u1ec3m ngh\u1ebdn cu\u1ed1i c\u00f9ng n\u00e0y.<\/p>\n

N\u1ebfu th\u00e0nh c\u00f4ng trong vi\u1ec7c gia nh\u1eadp nh\u00f3m th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i, Vi\u1ec7t Nam s\u1ebd s\u00e1nh vai c\u00f9ng c\u00e1c qu\u1ed1c gia nh\u01b0 Trung Qu\u1ed1c, \u1ea4n \u0110\u1ed9, Indonesia hay Th\u00e1i Lan. \u0110\u00e2y kh\u00f4ng ch\u1ec9 l\u00e0 c\u00e2u chuy\u1ec7n c\u1ee7a m\u1ed9t th\u1ee9 h\u1ea1ng \u0111\u01a1n thu\u1ea7n tr\u00ean b\u1ea3ng x\u1ebfp h\u1ea1ng c\u1ee7a MSCI m\u00e0 c\u00f2n l\u00e0 b\u01b0\u1edbc ti\u1ebfn l\u1edbn trong vi\u1ec7c thay \u0111\u1ed5i di\u1ec7n m\u1ea1o th\u1ecb tr\u01b0\u1eddng. Tr\u01b0\u1edbc \u0111\u00f3, s\u1ef1 ki\u1ec7n FTSE Russell ch\u00ednh th\u1ee9c n\u00e2ng h\u1ea1ng th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam l\u00ean th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i th\u1ee9 c\u1ea5p (c\u00f3 hi\u1ec7u l\u1ef1c t\u1eeb ng\u00e0y 21\/09\/2026) \u0111\u00e3 t\u1ea1o ra m\u1ed9t ti\u1ec1n \u0111\u1ec1 quan tr\u1ecdng, ch\u1ee9ng minh r\u1eb1ng nh\u1eefng n\u1ed7 l\u1ef1c c\u1ea3i c\u00e1ch \u0111ang \u0111i \u0111\u00fang h\u01b0\u1edbng.<\/p>\n

Trong qu\u00e1 tr\u00ecnh ch\u1edd \u0111\u1ee3i nh\u1eefng \u0111\u00e1nh gi\u00e1 t\u1eeb MSCI, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u0169ng \u0111ang quan s\u00e1t ch\u1eb7t ch\u1ebd c\u00e1c di\u1ec5n bi\u1ebfn kh\u00e1c nh\u01b0 vi\u1ec7c FTSE Russell r\u00fat g\u1ecdn danh s\u00e1ch c\u1ed5 phi\u1ebfu Vi\u1ec7t ti\u1ec1m n\u0103ng xu\u1ed1ng c\u00f2n 23 m\u00e3<\/a>, hay c\u00e1c bi\u1ebfn \u0111\u1ed9ng th\u1ef1c t\u1ebf t\u1eeb \u0111\u00e0 t\u0103ng \u0111\u01b0\u1ee3c c\u1ee7ng c\u1ed1 c\u1ee7a th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n trong phi\u00ean giao d\u1ecbch ng\u00e0y 06\/05<\/a>. Trong khi \u0111\u00f3, c\u00e1c doanh nghi\u1ec7p c\u0169ng c\u1ea7n ch\u00fa tr\u1ecdng h\u01a1n \u0111\u1ebfn quy \u0111\u1ecbnh c\u00f4ng b\u1ed1 th\u00f4ng tin, tr\u00e1nh c\u00e1c tr\u01b0\u1eddng h\u1ee3p nh\u01b0 PC1 nh\u1eadn th\u00eam tr\u00e1t nh\u1eafc nh\u1edf t\u1eeb HOSE<\/a> \u0111\u1ec3 \u0111\u1ea3m b\u1ea3o m\u00f4i tr\u01b0\u1eddng \u0111\u1ea7u t\u01b0 l\u00e0nh m\u1ea1nh, g\u00f3p ph\u1ea7n t\u1ea1o n\u00ean m\u1ed9t th\u1ecb tr\u01b0\u1eddng minh b\u1ea1ch v\u00e0 h\u1ea5p d\u1eabn h\u01a1n trong m\u1eaft c\u00e1c t\u1ed5 ch\u1ee9c x\u1ebfp h\u1ea1ng qu\u1ed1c t\u1ebf.<\/p>\n

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

N\u00e2ng h\u1ea1ng th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam trong l\u1ed9 tr\u00ecnh ti\u1ebfn t\u1edbi nh\u00f3m th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i c\u1ee7a MSCI \u0111ang tr\u1edf th\u00e0nh t\u00e2m \u0111i\u1ec3m ch\u00fa \u00fd c\u1ee7a gi\u1edbi t\u00e0i ch\u00ednh trong k\u1ef3 \u0111\u00e1nh gi\u00e1 th\u00e1ng 6\/2026. V\u1edbi nh\u1eefng chuy\u1ec3n bi\u1ebfn t\u00edch c\u1ef1c trong c\u01a1 ch\u1ebf v\u1eadn h\u00e0nh v\u00e0 kh\u1ea3 n\u0103ng \u0111\u00e1p \u1ee9ng c\u00e1c ti\u00eau […]<\/p>\n","protected":false},"author":1,"featured_media":13734,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[43],"tags":[],"class_list":["post-13735","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\/13735","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=13735"}],"version-history":[{"count":0,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts\/13735\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media\/13734"}],"wp:attachment":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media?parent=13735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/categories?post=13735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/tags?post=13735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}