{"id":13992,"date":"2026-05-07T10:42:51","date_gmt":"2026-05-07T03:42:51","guid":{"rendered":"https:\/\/taichinhphowall.com\/index.php\/2026\/05\/07\/dinh-gia-cac-ngan-hang-viet-nam-trong-boi-canh-thi-truong-moi-noi\/"},"modified":"2026-05-07T10:42:51","modified_gmt":"2026-05-07T03:42:51","slug":"dinh-gia-cac-ngan-hang-viet-nam-trong-boi-canh-thi-truong-moi-noi","status":"publish","type":"post","link":"https:\/\/taichinhphowall.com\/index.php\/2026\/05\/07\/dinh-gia-cac-ngan-hang-viet-nam-trong-boi-canh-thi-truong-moi-noi\/","title":{"rendered":"\u0110\u1ecbnh gi\u00e1 c\u00e1c ng\u00e2n h\u00e0ng Vi\u1ec7t Nam trong b\u1ed1i c\u1ea3nh th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i"},"content":{"rendered":"
\n

\u0110\u1ecbnh gi\u00e1 c\u00e1c ng\u00e2n h\u00e0ng Vi\u1ec7t Nam \u0111ang tr\u1edf th\u00e0nh ti\u00eau \u0111i\u1ec3m tr\u00ean b\u1ea3n \u0111\u1ed3 c\u00e1c th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i (EM) ch\u00e2u \u00c1, n\u01a1i m\u00e0 s\u1ef1 c\u00e2n b\u1eb1ng gi\u1eefa kh\u1ea3 n\u0103ng sinh l\u1eddi v\u01b0\u1ee3t tr\u1ed9i v\u00e0 c\u00e1c \u00e1p l\u1ef1c v\u1ec1 ch\u1ec9 s\u1ed1 v\u1ed1n \u0111ang t\u1ea1o ra m\u1ed9t b\u1ee9c tranh \u0111\u1ea7y s\u1eafc th\u00e1i. Trong qu\u00fd 1\/2026, nh\u00f3m c\u1ed5 phi\u1ebfu ng\u00e2n h\u00e0ng t\u1ea1i Vi\u1ec7t Nam ti\u1ebfp t\u1ee5c kh\u1eb3ng \u0111\u1ecbnh v\u1ecb th\u1ebf l\u00e0 \u0111\u1ed9ng l\u1ef1c t\u0103ng tr\u01b0\u1edfng ch\u00ednh c\u1ee7a th\u1ecb tr\u01b0\u1eddng, v\u1edbi nh\u1eefng bi\u1ebfn \u0111\u1ed9ng s\u00e2u s\u1eafc v\u1ec1 ch\u1ea5t l\u01b0\u1ee3ng t\u00e0i s\u1ea3n v\u00e0 k\u1ef7 lu\u1eadt thanh kho\u1ea3n.<\/p>\n

\n \"\u0110\u1ecbnh
\u1ea2nh t\u1eeb ngu\u1ed3n: vneconomy.vn<\/em><\/figcaption><\/figure>\n

Kh\u1ea3 n\u0103ng sinh l\u1eddi v\u00e0 \u00e1p l\u1ef1c \u0111\u1ecbnh gi\u00e1 c\u00e1c ng\u00e2n h\u00e0ng Vi\u1ec7t Nam<\/h2>\n

Nh\u00ecn v\u00e0o b\u1ee9c tranh to\u00e0n c\u1ea3nh, ROE c\u1ee7a c\u00e1c ng\u00e2n h\u00e0ng t\u1ea1i Vi\u1ec7t Nam hi\u1ec7n \u0111ang neo \u1edf m\u1ee9c cao nh\u1ea5t khu v\u1ef1c th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i ch\u00e2u \u00c1, x\u1ea5p x\u1ec9 18%. Ch\u00ednh kh\u1ea3 n\u0103ng sinh l\u1eddi \u1ea5n t\u01b0\u1ee3ng n\u00e0y \u0111\u00e3 k\u00e9o m\u1ee9c \u0111\u1ecbnh gi\u00e1 P\/B l\u00ean ng\u01b0\u1ee1ng 1,7 l\u1ea7n, cao h\u01a1n so v\u1edbi \u1ea4n \u0110\u1ed9 hay Indonesia. Tuy nhi\u00ean, s\u1ef1 “\u0111\u1eaft \u0111\u1ecf” n\u00e0y kh\u00f4ng ph\u1ea3i l\u00e0 v\u00f4 c\u0103n c\u1ee9. \u0110\u1ed9ng l\u1ef1c ch\u00ednh th\u00fac \u0111\u1ea9y k\u1ebft qu\u1ea3 kinh doanh qu\u00fd 1\/2026 \u0111\u1ebfn t\u1eeb vi\u1ec7c ki\u1ec3m so\u00e1t chi ph\u00ed d\u1ef1 ph\u00f2ng v\u00e0 s\u1ef1 c\u1ea3i thi\u1ec7n \u0111\u00e1ng k\u1ec3 c\u1ee7a thu nh\u1eadp ngo\u00e0i l\u00e3i (NFI). Ng\u00e0nh ng\u00e2n h\u00e0ng \u0111\u00e3 ch\u1ee9ng minh s\u1ee9c b\u1ec1n \u0111\u00e1ng kinh ng\u1ea1c, ngay c\u1ea3 khi bi\u00ean l\u00e3i r\u00f2ng (NIM) \u0111\u1ed1i m\u1eb7t v\u1edbi th\u00e1ch th\u1ee9c t\u1eeb chi ph\u00ed huy \u0111\u1ed9ng v\u1ed1n duy tr\u00ec \u1edf m\u1ee9c cao.<\/p>\n

S\u1ef1 ph\u00e2n h\u00f3a trong \u0111\u1ecbnh gi\u00e1 c\u00e1c ng\u00e2n h\u00e0ng Vi\u1ec7t Nam \u0111ang ng\u00e0y c\u00e0ng r\u00f5 r\u1ec7t khi d\u00f2ng t\u00edn d\u1ee5ng d\u1ecbch chuy\u1ec3n t\u1eeb cho vay ch\u1ee7 \u0111\u1ea7u t\u01b0 sang c\u00e1c kh\u00e2u th\u1ef1c thi d\u1ef1 \u00e1n b\u1ea5t \u0111\u1ed9ng s\u1ea3n. Trong khi t\u0103ng tr\u01b0\u1edfng t\u00edn d\u1ee5ng v\u1eabn gi\u1eef vai tr\u00f2 d\u1eabn d\u1eaft, th\u00ec \u00e1p l\u1ef1c v\u1ec1 thanh kho\u1ea3n v\u00e0 c\u00e1c chu\u1ea9n m\u1ef1c qu\u1ea3n tr\u1ecb r\u1ee7i ro m\u1edbi \u0111ang bu\u1ed9c c\u00e1c nh\u00e0 b\u0103ng ph\u1ea3i \u0111\u1ecbnh h\u00ecnh l\u1ea1i m\u00f4 h\u00ecnh ho\u1ea1t \u0111\u1ed9ng. \u0110i\u1ec1u n\u00e0y t\u01b0\u01a1ng t\u1ef1 nh\u01b0 nh\u1eefng b\u01b0\u1edbc ngo\u1eb7t v\u0129 m\u00f4 m\u00e0 c\u00e1c doanh nghi\u1ec7p l\u1edbn th\u01b0\u1eddng \u0111\u1ed1i m\u1eb7t, gi\u1ed1ng nh\u01b0 c\u00e1ch Samsung t\u00e1i l\u1eadp v\u1ecb th\u1ebf tr\u00ean b\u1ea3n \u0111\u1ed3 v\u1ed1n h\u00f3a to\u00e0n c\u1ea7u hay nh\u1eefng bi\u1ebfn s\u1ed1 khi l\u1ea1m ph\u00e1t \u1edf m\u1ee9c 4,5% t\u00e1c \u0111\u1ed9ng \u0111\u1ebfn \u0111i\u1ec1u h\u00e0nh kinh t\u1ebf v\u0129 m\u00f4.<\/p>\n

Chu\u1ea9n m\u1ef1c Basel III v\u00e0 k\u1ef7 lu\u1eadt qu\u1ea3n tr\u1ecb trong \u0111\u1ecbnh gi\u00e1 c\u00e1c ng\u00e2n h\u00e0ng Vi\u1ec7t Nam<\/h2>\n

D\u1ef1 th\u1ea3o Th\u00f4ng t\u01b0 thay th\u1ebf Th\u00f4ng t\u01b0 22 c\u1ee7a Ng\u00e2n h\u00e0ng Nh\u00e0 n\u01b0\u1edbc, v\u1edbi c\u00e1c ti\u00eau chu\u1ea9n ti\u1ec7m c\u1eadn Basel III v\u1ec1 LCR, NSFR v\u00e0 t\u1ef7 l\u1ec7 \u0111\u00f2n b\u1ea9y (LEV), \u0111\u01b0\u1ee3c \u0111\u00e1nh gi\u00e1 l\u00e0 m\u1ed9t c\u1ea3i c\u00e1ch mang t\u00ednh k\u1ef7 lu\u1eadt cao. Vi\u1ec7c si\u1ebft ch\u1eb7t c\u00e1c ch\u1ec9 s\u1ed1 thanh kho\u1ea3n, d\u00f9 t\u1ea1o ra \u00e1p l\u1ef1c ng\u1eafn h\u1ea1n trong giai \u0111o\u1ea1n chuy\u1ec3n ti\u1ebfp, nh\u01b0ng v\u1ec1 d\u00e0i h\u1ea1n l\u1ea1i l\u00e0 y\u1ebfu t\u1ed1 then ch\u1ed1t \u0111\u1ec3 c\u1ee7ng c\u1ed1 ni\u1ec1m tin v\u00e0o h\u1ec7 th\u1ed1ng ng\u00e2n h\u00e0ng n\u1ed9i \u0111\u1ecba. Khi quy m\u00f4 v\u1ed1n v\u00e0 kh\u1ea3 n\u0103ng ch\u1ed1ng ch\u1ecbu r\u1ee7i ro tr\u1edf th\u00e0nh th\u01b0\u1edbc \u0111o m\u1edbi, th\u1ecb tr\u01b0\u1eddng bu\u1ed9c ph\u1ea3i \u0111\u1ecbnh gi\u00e1 l\u1ea1i c\u00e1c nh\u00e0 b\u0103ng d\u1ef1a tr\u00ean n\u1ec1n t\u1ea3ng huy \u0111\u1ed9ng v\u1ed1n b\u1ec1n v\u1eefng thay v\u00ec ch\u1ec9 nh\u00ecn v\u00e0o t\u0103ng tr\u01b0\u1edfng t\u00edn d\u1ee5ng n\u00f3ng.<\/p>\n

Vi\u1ec7c \u00e1p d\u1ee5ng c\u00e1c quy chu\u1ea9n m\u1edbi kh\u00f4ng ch\u1ec9 l\u00e0 y\u00eau c\u1ea7u k\u1ef9 thu\u1eadt m\u00e0 c\u00f2n l\u00e0 s\u1ef1 s\u00e0ng l\u1ecdc t\u1ef1 nhi\u00ean. Nh\u1eefng ng\u00e2n h\u00e0ng c\u00f3 b\u1ed9 \u0111\u1ec7m v\u1ed1n d\u00e0y v\u00e0 kh\u1ea3 n\u0103ng qu\u1ea3n tr\u1ecb t\u00e0i s\u1ea3n t\u1ed1i \u01b0u s\u1ebd duy tr\u00ec \u0111\u01b0\u1ee3c v\u1ecb th\u1ebf, trong khi nh\u1eefng \u0111\u01a1n v\u1ecb ph\u1ee5 thu\u1ed9c qu\u00e1 nhi\u1ec1u v\u00e0o c\u00e1c ch\u1ec9 s\u1ed1 truy\u1ec1n th\u1ed1ng s\u1ebd ch\u1ecbu \u00e1p l\u1ef1c l\u1edbn h\u01a1n. \u0110\u00e2y ch\u00ednh l\u00e0 b\u1ed1i c\u1ea3nh m\u00e0 c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n quan t\u00e2m, t\u01b0\u01a1ng t\u1ef1 nh\u01b0 c\u00e1ch th\u1ecb tr\u01b0\u1eddng ph\u1ea3n \u1ee9ng tr\u01b0\u1edbc c\u00e1c \u0111\u1ec1 xu\u1ea5t v\u1ec1 b\u00e1o c\u00e1o t\u00e0i ch\u00ednh \u0111\u1ecbnh k\u1ef3 t\u1eeb c\u01a1 quan qu\u1ea3n l\u00fd, n\u01a1i t\u00ednh minh b\u1ea1ch v\u00e0 chu\u1ea9n m\u1ef1c lu\u00f4n \u0111\u01b0\u1ee3c \u0111\u1eb7t l\u00ean h\u00e0ng \u0111\u1ea7u.<\/p>\n

Tri\u1ec3n v\u1ecdng t\u0103ng tr\u01b0\u1edfng trong m\u00f4i tr\u01b0\u1eddng l\u00e3i su\u1ea5t cao<\/h2>\n

S\u1ef1 ch\u00eanh l\u1ec7ch gi\u1eefa c\u00e1c ch\u1ec9 s\u1ed1 an to\u00e0n v\u1ed1n (CAR) c\u1ee7a Vi\u1ec7t Nam so v\u1edbi khu v\u1ef1c \u0111\u00f2i h\u1ecfi m\u1ed9t l\u1ed9 tr\u00ecnh thay \u0111\u1ed5i chi\u1ebfn l\u01b0\u1ee3c. M\u1ee9c CAR hi\u1ec7n t\u1ea1i kho\u1ea3ng 12,5% v\u1eabn l\u00e0 \u0111i\u1ec3m c\u1ea7n l\u01b0u t\u00e2m khi x\u00e9t \u0111\u1ebfn \u0111\u1ecbnh gi\u00e1 c\u00e1c ng\u00e2n h\u00e0ng Vi\u1ec7t Nam trong d\u00e0i h\u1ea1n. Trong m\u00f4i tr\u01b0\u1eddng thanh kho\u1ea3n th\u1eaft ch\u1eb7t, vi\u1ec7c gi\u1eef v\u1eefng t\u1ef7 su\u1ea5t sinh l\u1eddi tr\u00ean v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu (ROE) \u1edf m\u1ee9c 18% l\u00e0 m\u1ed9t th\u00e1ch th\u1ee9c kh\u00f4ng nh\u1ecf. Tuy nhi\u00ean, n\u1ebfu nh\u00ecn t\u1eeb g\u00f3c \u0111\u1ed9 kinh nghi\u1ec7m c\u1ee7a c\u00e1c qu\u1ed1c gia nh\u01b0 Trung Qu\u1ed1c hay \u1ea4n \u0110\u1ed9 trong giai \u0111o\u1ea1n chuy\u1ec3n \u0111\u1ed5i c\u01a1 ch\u1ebf thanh kho\u1ea3n, Vi\u1ec7t Nam \u0111ang \u0111i \u0111\u00fang h\u01b0\u1edbng trong vi\u1ec7c thi\u1ebft l\u1eadp m\u1ed9t “b\u1ed9 khung” qu\u1ea3n tr\u1ecb hi\u1ec7n \u0111\u1ea1i h\u01a1n.<\/p>\n

Cu\u1ed1i c\u00f9ng, d\u00f9 \u00e1p l\u1ef1c t\u1eeb NIM hay n\u1ee3 x\u1ea5u (NPL) c\u00f3 xu h\u01b0\u1edbng gia t\u0103ng, th\u1ecb tr\u01b0\u1eddng v\u1eabn nh\u00ecn nh\u1eadn \u0111\u00e2y l\u00e0 m\u1ed9t ph\u1ea7n t\u1ea5t y\u1ebfu c\u1ee7a qu\u00e1 tr\u00ecnh b\u00ecnh th\u01b0\u1eddng h\u00f3a sau c\u00e1c giai \u0111o\u1ea1n l\u00e0m s\u1ea1ch b\u1ea3ng c\u00e2n \u0111\u1ed1i k\u1ebf to\u00e1n. Vi\u1ec7c hi\u1ec3u r\u00f5 nh\u1eefng t\u1ea7ng n\u1ea5c c\u1ea5u tr\u00fac n\u00e0y s\u1ebd gi\u00fap n\u1eafm b\u1eaft \u0111\u01b0\u1ee3c gi\u00e1 tr\u1ecb th\u1ef1c s\u1ef1 c\u1ee7a c\u00e1c ng\u00e2n h\u00e0ng, thay v\u00ec ch\u1ec9 d\u1ef1a v\u00e0o c\u00e1c con s\u1ed1 t\u0103ng tr\u01b0\u1edfng doanh thu nh\u1ea5t th\u1eddi. Khi nh\u1eefng bi\u1ebfn s\u1ed1 v\u1ec1 v\u0129 m\u00f4 d\u1ea7n tr\u1edf n\u00ean \u1ed5n \u0111\u1ecbnh, ch\u1ea5t l\u01b0\u1ee3ng t\u00e0i s\u1ea3n v\u00e0 k\u1ef7 lu\u1eadt qu\u1ea3n tr\u1ecb s\u1ebd l\u00e0 nh\u1eefng qu\u00e2n b\u00e0i ch\u1ee7 ch\u1ed1t quy\u1ebft \u0111\u1ecbnh v\u1ecb th\u1ebf c\u1ee7a t\u1eebng ng\u00e2n h\u00e0ng tr\u00ean s\u00e2n ch\u01a1i t\u00e0i ch\u00ednh chuy\u00ean nghi\u1ec7p.<\/p>\n

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

\u0110\u1ecbnh gi\u00e1 c\u00e1c ng\u00e2n h\u00e0ng Vi\u1ec7t Nam \u0111ang tr\u1edf th\u00e0nh ti\u00eau \u0111i\u1ec3m tr\u00ean b\u1ea3n \u0111\u1ed3 c\u00e1c th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i (EM) ch\u00e2u \u00c1, n\u01a1i m\u00e0 s\u1ef1 c\u00e2n b\u1eb1ng gi\u1eefa kh\u1ea3 n\u0103ng sinh l\u1eddi v\u01b0\u1ee3t tr\u1ed9i v\u00e0 c\u00e1c \u00e1p l\u1ef1c v\u1ec1 ch\u1ec9 s\u1ed1 v\u1ed1n \u0111ang t\u1ea1o ra m\u1ed9t b\u1ee9c tranh \u0111\u1ea7y s\u1eafc th\u00e1i. Trong qu\u00fd 1\/2026, […]<\/p>\n","protected":false},"author":1,"featured_media":13990,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[44],"tags":[],"class_list":["post-13992","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chung-khoan-viet-nam"],"_links":{"self":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts\/13992","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=13992"}],"version-history":[{"count":0,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts\/13992\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media\/13990"}],"wp:attachment":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media?parent=13992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/categories?post=13992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/tags?post=13992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}