{"id":15005,"date":"2026-05-15T13:42:38","date_gmt":"2026-05-15T06:42:38","guid":{"rendered":"https:\/\/taichinhphowall.com\/index.php\/2026\/05\/15\/phat-hanh-trai-phieu-vietcombank-va-bai-toan-bo-sung-von-cap-2\/"},"modified":"2026-05-15T13:42:38","modified_gmt":"2026-05-15T06:42:38","slug":"phat-hanh-trai-phieu-vietcombank-va-bai-toan-bo-sung-von-cap-2","status":"publish","type":"post","link":"https:\/\/taichinhphowall.com\/index.php\/2026\/05\/15\/phat-hanh-trai-phieu-vietcombank-va-bai-toan-bo-sung-von-cap-2\/","title":{"rendered":"Ph\u00e1t h\u00e0nh tr\u00e1i phi\u1ebfu Vietcombank v\u00e0 b\u00e0i to\u00e1n b\u1ed5 sung v\u1ed1n c\u1ea5p 2"},"content":{"rendered":"
\n

Ph\u00e1t h\u00e0nh tr\u00e1i phi\u1ebfu Vietcombank v\u1edbi quy m\u00f4 l\u00ean t\u1edbi 10.000 t\u1ef7 \u0111\u1ed3ng \u0111ang l\u00e0 t\u00e2m \u0111i\u1ec3m ch\u00fa \u00fd tr\u00ean th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh, khi ng\u00e2n h\u00e0ng n\u00e0y ch\u1ee7 \u0111\u1ed9ng c\u1ee7ng c\u1ed1 ngu\u1ed3n l\u1ef1c th\u00f4ng qua c\u1ea5u tr\u00fac n\u1ee3 th\u1ee9 c\u1ea5p. \u0110\u00e2y \u0111\u01b0\u1ee3c xem l\u00e0 b\u01b0\u1edbc \u0111i chi\u1ebfn l\u01b0\u1ee3c nh\u1eb1m t\u1ed1i \u01b0u h\u00f3a b\u1ea3ng c\u00e2n \u0111\u1ed1i k\u1ebf to\u00e1n, \u0111\u1ea3m b\u1ea3o c\u00e1c ti\u00eau chu\u1ea9n an to\u00e0n v\u1ed1n trong b\u1ed1i c\u1ea3nh c\u00e1c ng\u00e2n h\u00e0ng th\u01b0\u01a1ng m\u1ea1i \u0111ang \u0111\u1ea9y m\u1ea1nh vi\u1ec7c n\u00e2ng cao n\u0103ng l\u1ef1c t\u00e0i ch\u00ednh tr\u01b0\u1edbc nh\u1eefng \u00e1p l\u1ef1c c\u1ea1nh tranh kh\u1ed1c li\u1ec7t.<\/p>\n

\n \"Ph\u00e1t
\u1ea2nh t\u1eeb ngu\u1ed3n: cafef.vn<\/em><\/figcaption><\/figure>\n

C\u01a1 ch\u1ebf ph\u00e1t h\u00e0nh tr\u00e1i phi\u1ebfu Vietcombank v\u00e0 vai tr\u00f2 c\u1ee7a v\u1ed1n c\u1ea5p 2<\/h2>\n

Vi\u1ec7c H\u0110QT Vietcombank ph\u00ea duy\u1ec7t ph\u01b0\u01a1ng \u00e1n ph\u00e1t h\u00e0nh t\u1ed1i \u0111a 10.000 t\u1ef7 \u0111\u1ed3ng tr\u00e1i phi\u1ebfu trong n\u0103m 2026 kh\u00f4ng ch\u1ec9 \u0111\u01a1n thu\u1ea7n l\u00e0 ho\u1ea1t \u0111\u1ed9ng huy \u0111\u1ed9ng v\u1ed1n th\u00f4ng th\u01b0\u1eddng. \u0110\u1eb7c t\u00ednh c\u1ee7a lo\u1ea1i tr\u00e1i phi\u1ebfu n\u00e0y l\u00e0 c\u00f4ng c\u1ee5 n\u1ee3 th\u1ee9 c\u1ea5p, kh\u00f4ng chuy\u1ec3n \u0111\u1ed5i, kh\u00f4ng k\u00e8m ch\u1ee9ng quy\u1ec1n v\u00e0 kh\u00f4ng c\u00f3 b\u1ea3o \u0111\u1ea3m, nh\u1eb1m m\u1ee5c \u0111\u00edch t\u0103ng v\u1ed1n c\u1ea5p 2. Trong c\u01a1 c\u1ea5u v\u1ed1n c\u1ee7a m\u1ed9t t\u1ed5 ch\u1ee9c t\u00edn d\u1ee5ng, v\u1ed1n c\u1ea5p 2 \u0111\u00f3ng vai tr\u00f2 quan tr\u1ecdng nh\u01b0 m\u1ed9t t\u1ea5m \u0111\u1ec7m an to\u00e0n, gi\u00fap ng\u00e2n h\u00e0ng \u0111\u00e1p \u1ee9ng c\u00e1c t\u1ef7 l\u1ec7 an to\u00e0n v\u1ed1n theo chu\u1ea9n m\u1ef1c kh\u1eaft khe, \u0111\u1ed3ng th\u1eddi gia t\u0103ng h\u1ea1n m\u1ee9c cho c\u00e1c ho\u1ea1t \u0111\u1ed9ng c\u1ea5p t\u00edn d\u1ee5ng d\u00e0i h\u1ea1n.<\/p>\n

V\u1edbi k\u1ef3 h\u1ea1n t\u1eeb 5 n\u0103m tr\u1edf l\u00ean, \u0111\u1ee3t ph\u00e1t h\u00e0nh n\u00e0y cho ph\u00e9p Vietcombank ch\u1ee7 \u0111\u1ed9ng trong vi\u1ec7c qu\u1ea3n tr\u1ecb thanh kho\u1ea3n. Vi\u1ec7c chia nh\u1ecf th\u00e0nh 30 \u0111\u1ee3t ph\u00e1t h\u00e0nh, m\u1ed7i \u0111\u1ee3t t\u1ed1i \u0111a 10.000 t\u1ef7 \u0111\u1ed3ng, cho th\u1ea5y s\u1ef1 linh ho\u1ea1t c\u1ee7a ban \u0111i\u1ec1u h\u00e0nh trong vi\u1ec7c “\u0111o l\u01b0\u1eddng” s\u1ee9c h\u1ea5p th\u1ee5 c\u1ee7a th\u1ecb tr\u01b0\u1eddng. Thay v\u00ec huy \u0111\u1ed9ng m\u1ed9t l\u1ea7n, c\u00e1ch ti\u1ebfp c\u1eadn n\u00e0y gi\u00fap ng\u00e2n h\u00e0ng t\u1ed1i \u01b0u chi ph\u00ed l\u00e3i vay d\u1ef1a tr\u00ean nhu c\u1ea7u v\u1ed1n th\u1ef1c t\u1ebf v\u00e0 di\u1ec5n bi\u1ebfn l\u00e3i su\u1ea5t tr\u00ean th\u1ecb tr\u01b0\u1eddng ti\u1ec1n t\u1ec7 t\u1ea1i t\u1eebng th\u1eddi \u0111i\u1ec3m. \u0110i\u1ec1u n\u00e0y c\u0169ng t\u01b0\u01a1ng t\u1ef1 nh\u01b0 c\u00e1ch c\u00e1c doanh nghi\u1ec7p kh\u00e1c ph\u1ea3i t\u00ednh to\u00e1n l\u1ea1i chi\u1ebfn l\u01b0\u1ee3c khi \u0111\u1ed1i di\u1ec7n v\u1edbi nh\u1eefng bi\u1ebfn \u0111\u1ed9ng c\u1ee7a th\u1ecb tr\u01b0\u1eddng, gi\u1ed1ng nh\u01b0 c\u00e1ch m\u00e0 Yeah1 \u0111\u00e3 ph\u1ea3i th\u1ef1c hi\u1ec7n b\u00e0i to\u00e1n t\u00e1i c\u1ea5u tr\u00fac m\u00f4 h\u00ecnh v\u1eadn h\u00e0nh th\u00f4ng qua vi\u1ec7c gi\u1ea3i th\u1ec3 c\u00e1c c\u00f4ng ty con \u0111\u1ec3 tinh g\u1ecdn b\u1ed9 m\u00e1y, chi ti\u1ebft c\u00f3 th\u1ec3 tham kh\u1ea3o th\u00eam t\u1ea1i Gi\u1ea3i th\u1ec3 c\u00f4ng ty con: Yeah1 v\u00e0 b\u00e0i to\u00e1n t\u00e1i c\u1ea5u tr\u00fac m\u00f4 h\u00ecnh v\u1eadn h\u00e0nh<\/a>.<\/p>\n

Chi\u1ebfn l\u01b0\u1ee3c qu\u1ea3n tr\u1ecb v\u1ed1n trong b\u1ed1i c\u1ea3nh bi\u1ebfn \u0111\u1ed9ng<\/h2>\n

Nh\u00ecn v\u00e0o b\u1ea3n ch\u1ea5t c\u1ee7a \u0111\u1ee3t ph\u00e1t h\u00e0nh tr\u00e1i phi\u1ebfu Vietcombank, c\u00f3 th\u1ec3 th\u1ea5y \u0111\u00e2y l\u00e0 m\u1ed9t ph\u1ea7n trong k\u1ebf ho\u1ea1ch t\u1ed5ng th\u1ec3 nh\u1eb1m hi\u1ec7n th\u1ef1c h\u00f3a c\u00e1c m\u1ee5c ti\u00eau t\u0103ng tr\u01b0\u1edfng t\u00edn d\u1ee5ng v\u00e0 ki\u1ec3m so\u00e1t n\u1ee3 x\u1ea5u. Ng\u00e2n h\u00e0ng \u0111ang \u0111\u1ee9ng tr\u01b0\u1edbc m\u1ed9t “b\u00e0n c\u1edd” \u0111\u00f2i h\u1ecfi s\u1ef1 c\u00e2n b\u1eb1ng tinh t\u1ebf gi\u1eefa t\u0103ng tr\u01b0\u1edfng d\u01b0 n\u1ee3 v\u00e0 qu\u1ea3n tr\u1ecb r\u1ee7i ro. Trong khi \u0111\u00f3, \u1edf c\u00e1c ph\u00e2n kh\u00fac kh\u00e1c c\u1ee7a th\u1ecb tr\u01b0\u1eddng, nhi\u1ec1u doanh nghi\u1ec7p \u0111ang ph\u1ea3i ch\u1eadt v\u1eadt v\u1edbi \u00e1p l\u1ef1c t\u00e0i ch\u00ednh, th\u1eadm ch\u00ed \u0111\u1ed1i di\u1ec7n v\u1edbi nguy c\u01a1 b\u1ecb h\u1ee7y ni\u00eam y\u1ebft do kh\u00f4ng \u0111\u00e1p \u1ee9ng \u0111\u01b0\u1ee3c c\u00e1c y\u00eau c\u1ea7u v\u1ec1 minh b\u1ea1ch v\u00e0 hi\u1ec7u qu\u1ea3, \u0111i\u1ec3n h\u00ecnh nh\u01b0 tr\u01b0\u1eddng h\u1ee3p c\u1ee7a DDG m\u00e0 b\u1ea1n \u0111\u1ecdc c\u00f3 th\u1ec3 t\u00ecm hi\u1ec3u th\u00eam t\u1ea1i DDG \u0111\u1ed1i di\u1ec7n nguy c\u01a1 h\u1ee7y ni\u00eam y\u1ebft trong b\u1ed1i c\u1ea3nh kh\u00f3 kh\u0103n t\u00e0i ch\u00ednh<\/a>.<\/p>\n

S\u1ef1 kh\u00e1c bi\u1ec7t trong c\u00e1ch ti\u1ebfp c\u1eadn c\u1ee7a Vietcombank n\u1eb1m \u1edf ch\u1ed7, d\u00f9 l\u00e0 ng\u00e2n h\u00e0ng c\u00f3 v\u1ecb th\u1ebf l\u1edbn, h\u1ecd v\u1eabn kh\u00f4ng ng\u1eebng t\u00ecm c\u00e1ch c\u1ee7ng c\u1ed1 n\u1ed9i l\u1ef1c th\u00f4ng qua c\u00e1c c\u00f4ng c\u1ee5 n\u1ee3 b\u1ec1n v\u1eefng. Nh\u1eefng \u0111\u1ed9ng th\u00e1i n\u00e0y, c\u00f9ng v\u1edbi c\u00e1c ph\u01b0\u01a1ng \u00e1n t\u0103ng v\u1ed1n \u0111i\u1ec1u l\u1ec7 th\u00f4ng qua ph\u00e1t h\u00e0nh c\u1ed5 phi\u1ebfu ri\u00eang l\u1ebb, \u0111ang t\u1ea1o ra nh\u1eefng xung l\u1ef1c t\u00edch c\u1ef1c cho c\u1ea5u tr\u00fac t\u00e0i ch\u00ednh c\u1ee7a ng\u00e2n h\u00e0ng. Th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n lu\u00f4n ph\u1ea3n \u1ee9ng m\u1ea1nh m\u1ebd v\u1edbi nh\u1eefng th\u00f4ng tin mang t\u00ednh chi\u1ebfn l\u01b0\u1ee3c nh\u01b0 v\u1eady, t\u1ea1o n\u00ean nh\u1eefng con s\u00f3ng giao d\u1ecbch th\u00fa v\u1ecb, t\u01b0\u01a1ng t\u1ef1 nh\u01b0 nh\u1eefng g\u00ec \u0111\u00e3 di\u1ec5n ra khi PAN Group ph\u00e1t h\u00e0nh c\u1ed5 phi\u1ebfu th\u01b0\u1edfng v\u00e0 c\u1ed5 t\u1ee9c, xem chi ti\u1ebft t\u1ea1i PAN Group ph\u00e1t h\u00e0nh c\u1ed5 phi\u1ebfu th\u01b0\u1edfng v\u00e0 c\u1ed5 t\u1ee9c ti\u1ec1n m\u1eb7t t\u1ea1o s\u00f3ng th\u1ecb tr\u01b0\u1eddng<\/a>.<\/p>\n

T\u1ea7m nh\u00ecn v\u1ec1 s\u1ef1 \u1ed5n \u0111\u1ecbnh t\u00e0i ch\u00ednh<\/h2>\n

Vi\u1ec7c ph\u00e1t h\u00e0nh tr\u00e1i phi\u1ebfu Vietcombank th\u00e0nh c\u00f4ng hay kh\u00f4ng s\u1ebd ph\u1ee5 thu\u1ed9c nhi\u1ec1u v\u00e0o kh\u1ea3 n\u0103ng \u0111i\u1ec1u ti\u1ebft c\u1ee7a T\u1ed5ng Gi\u00e1m \u0111\u1ed1c d\u1ef1a tr\u00ean t\u00ecnh h\u00ecnh th\u1ecb tr\u01b0\u1eddng th\u1ef1c t\u1ebf. V\u1edbi m\u1ee5c ti\u00eau duy tr\u00ec t\u1ef7 l\u1ec7 n\u1ee3 x\u1ea5u d\u01b0\u1edbi 1,5% v\u00e0 t\u0103ng tr\u01b0\u1edfng d\u01b0 n\u1ee3 t\u00edn d\u1ee5ng \u0111\u1ec1u \u0111\u1eb7n, ngu\u1ed3n v\u1ed1n huy \u0111\u1ed9ng \u0111\u01b0\u1ee3c t\u1eeb tr\u00e1i phi\u1ebfu s\u1ebd l\u00e0 “ch\u00eca kh\u00f3a” gi\u00fap ng\u00e2n h\u00e0ng c\u00f3 \u0111\u1ee7 kh\u00f4ng gian \u0111\u1ec3 tri\u1ec3n khai c\u00e1c danh m\u1ee5c \u0111\u1ea7u t\u01b0 v\u00e0 h\u1ed7 tr\u1ee3 kh\u00e1ch h\u00e0ng. \u0110\u00e2y l\u00e0 m\u1ed9t s\u1ef1 chu\u1ea9n b\u1ecb k\u1ef9 l\u01b0\u1ee1ng v\u1ec1 m\u1eb7t thanh kho\u1ea3n \u0111\u1ec3 \u0111\u1ed1i m\u1eb7t v\u1edbi nh\u1eefng th\u00e1ch th\u1ee9c trong t\u01b0\u01a1ng lai, kh\u1eb3ng \u0111\u1ecbnh v\u1ecb th\u1ebf c\u1ee7a ng\u00e2n h\u00e0ng trong h\u1ec7 th\u1ed1ng t\u00e0i ch\u00ednh qu\u1ed1c gia.<\/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":"

Ph\u00e1t h\u00e0nh tr\u00e1i phi\u1ebfu Vietcombank v\u1edbi quy m\u00f4 l\u00ean t\u1edbi 10.000 t\u1ef7 \u0111\u1ed3ng \u0111ang l\u00e0 t\u00e2m \u0111i\u1ec3m ch\u00fa \u00fd tr\u00ean th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh, khi ng\u00e2n h\u00e0ng n\u00e0y ch\u1ee7 \u0111\u1ed9ng c\u1ee7ng c\u1ed1 ngu\u1ed3n l\u1ef1c th\u00f4ng qua c\u1ea5u tr\u00fac n\u1ee3 th\u1ee9 c\u1ea5p. \u0110\u00e2y \u0111\u01b0\u1ee3c xem l\u00e0 b\u01b0\u1edbc \u0111i chi\u1ebfn l\u01b0\u1ee3c nh\u1eb1m t\u1ed1i \u01b0u h\u00f3a b\u1ea3ng c\u00e2n […]<\/p>\n","protected":false},"author":1,"featured_media":15003,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[43],"tags":[],"class_list":["post-15005","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\/15005","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=15005"}],"version-history":[{"count":0,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts\/15005\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media\/15003"}],"wp:attachment":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media?parent=15005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/categories?post=15005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/tags?post=15005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}