{"id":15013,"date":"2026-05-15T13:43:06","date_gmt":"2026-05-15T06:43:06","guid":{"rendered":"https:\/\/taichinhphowall.com\/index.php\/2026\/05\/15\/gia-co-phieu-con-du-dia-tang-phan-anh-gia-tri-doanh-nghiep\/"},"modified":"2026-05-15T13:43:06","modified_gmt":"2026-05-15T06:43:06","slug":"gia-co-phieu-con-du-dia-tang-phan-anh-gia-tri-doanh-nghiep","status":"publish","type":"post","link":"https:\/\/taichinhphowall.com\/index.php\/2026\/05\/15\/gia-co-phieu-con-du-dia-tang-phan-anh-gia-tri-doanh-nghiep\/","title":{"rendered":"Gi\u00e1 c\u1ed5 phi\u1ebfu c\u00f2n d\u01b0 \u0111\u1ecba t\u0103ng ph\u1ea3n \u00e1nh gi\u00e1 tr\u1ecb doanh nghi\u1ec7p"},"content":{"rendered":"
\n

Gi\u00e1 c\u1ed5 phi\u1ebfu c\u00f2n d\u01b0 \u0111\u1ecba t\u0103ng \u0111\u1ec3 ph\u1ea3n \u00e1nh s\u00e1t h\u01a1n c\u00e1c n\u1ec1n t\u1ea3ng c\u0103n b\u1ea3n l\u00e0 nh\u1eadn \u0111\u1ecbnh t\u00e2m \u0111i\u1ec3m trong b\u00e1o c\u00e1o m\u1edbi nh\u1ea5t t\u1eeb Dragon Capital. Trong b\u1ed1i c\u1ea3nh th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n li\u00ean t\u1ee5c \u0111\u00f3n nh\u1eadn c\u00e1c t\u00edn hi\u1ec7u v\u0129 m\u00f4 t\u00edch c\u1ef1c, t\u1eeb vi\u1ec7c FTSE Russell x\u00e1c nh\u1eadn n\u00e2ng h\u1ea1ng th\u1ecb tr\u01b0\u1eddng l\u00ean nh\u00f3m th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i th\u1ee9 c\u1ea5p \u0111\u1ebfn nh\u1eefng n\u1ed7 l\u1ef1c h\u01b0\u1edbng t\u1edbi ti\u00eau chu\u1ea9n MSCI tr\u01b0\u1edbc n\u0103m 2030, c\u00e2u chuy\u1ec7n v\u1ec1 d\u00f2ng v\u1ed1n ngo\u1ea1i d\u01b0\u1eddng nh\u01b0 \u0111ang chi\u1ebfm s\u00f3ng. Tuy nhi\u00ean, nh\u00ecn s\u00e2u v\u00e0o b\u1ea3n ch\u1ea5t c\u1ee7a s\u00e0n \u0111\u1ea5u ch\u1ee9ng kho\u00e1n, ch\u00ednh n\u1ed9i l\u1ef1c c\u1ee7a c\u00e1c doanh nghi\u1ec7p m\u1edbi l\u00e0 “m\u1ecf neo” v\u1eefng ch\u00e3i nh\u1ea5t gi\u1eef cho gi\u00e1 c\u1ed5 phi\u1ebfu v\u1eadn \u0111\u1ed9ng \u0111\u00fang qu\u1ef9 \u0111\u1ea1o gi\u00e1 tr\u1ecb th\u1ef1c.<\/p>\n

\n \"Gi\u00e1
\u1ea2nh t\u1eeb ngu\u1ed3n: cafef.vn<\/em><\/figcaption><\/figure>\n

B\u1ee9c tranh l\u1ee3i nhu\u1eadn doanh nghi\u1ec7p v\u00e0 s\u1ef1 lan t\u1ecfa gi\u00e1 tr\u1ecb<\/h2>\n

Th\u1ef1c t\u1ebf cho th\u1ea5y m\u1ed9t ngh\u1ecbch l\u00fd l\u00e0 trong khi gi\u00e1 c\u1ed5 phi\u1ebfu c\u00f3 th\u1eddi \u0111i\u1ec3m t\u1eadp trung cao \u0111\u1ed9 v\u00e0o m\u1ed9t nh\u00f3m nh\u1ecf, th\u00ec n\u1ec1n t\u1ea3ng l\u1ee3i nhu\u1eadn th\u1ef1c t\u1ebf l\u1ea1i \u0111ang ph\u1ee5c h\u1ed3i tr\u00ean di\u1ec7n r\u1ed9ng. Theo d\u1eef li\u1ec7u t\u1eeb Dragon Capital, nh\u00f3m 100 doanh nghi\u1ec7p l\u1edbn m\u00e0 qu\u1ef9 n\u00e0y theo d\u00f5i \u0111\u00e3 ghi nh\u1eadn l\u1ee3i nhu\u1eadn sau thu\u1ebf qu\u00fd I t\u0103ng kho\u1ea3ng 56% so v\u1edbi c\u00f9ng k\u1ef3. \u0110\u00e2y l\u00e0 m\u1ee9c t\u0103ng m\u1ea1nh nh\u1ea5t k\u1ec3 t\u1eeb giai \u0111o\u1ea1n h\u1eadu Covid, minh ch\u1ee9ng cho s\u1ee9c s\u1ed1ng b\u1ec1n b\u1ec9 c\u1ee7a khu v\u1ef1c kinh t\u1ebf tr\u1ecdng \u0111i\u1ec3m. Quan tr\u1ecdng h\u01a1n, \u0111\u00e0 t\u0103ng tr\u01b0\u1edfng n\u00e0y kh\u00f4ng c\u00f2n l\u00e0 “\u0111\u1eb7c quy\u1ec1n” c\u1ee7a m\u1ed9t v\u00e0i c\u00e1i t\u00ean \u0111\u01a1n l\u1ebb khi c\u00f3 t\u1edbi 69 tr\u00ean t\u1ed5ng s\u1ed1 100 doanh nghi\u1ec7p \u0111\u1ea1t m\u1ee9c t\u0103ng tr\u01b0\u1edfng d\u01b0\u01a1ng. S\u1ef1 lan t\u1ecfa n\u00e0y ch\u00ednh l\u00e0 n\u1ec1n t\u1ea3ng c\u1ed1t l\u00f5i cho th\u1ea5y gi\u00e1 c\u1ed5 phi\u1ebfu c\u00f2n d\u01b0 \u0111\u1ecba t\u0103ng \u0111\u1ec3 b\u1eaft k\u1ecbp v\u1edbi th\u1ef1c t\u1ebf t\u0103ng tr\u01b0\u1edfng c\u1ee7a n\u1ec1n kinh t\u1ebf.<\/p>\n

Khi so s\u00e1nh v\u1edbi c\u00e1c di\u1ec5n bi\u1ebfn t\u00e0i ch\u00ednh kh\u00e1c tr\u00ean th\u1ecb tr\u01b0\u1eddng, c\u00f3 th\u1ec3 th\u1ea5y r\u00f5 s\u1ef1 kh\u00e1c bi\u1ec7t gi\u1eefa c\u00e1c m\u00f4 h\u00ecnh kinh doanh. Ch\u1eb3ng h\u1ea1n, trong khi m\u1ed9t s\u1ed1 doanh nghi\u1ec7p ch\u1ecdn c\u00e1ch t\u1ed1i \u01b0u h\u00f3a gi\u00e1 tr\u1ecb th\u00f4ng qua vi\u1ec7c tr\u1ea3 c\u1ed5 t\u1ee9c ti\u1ec1n m\u1eb7t k\u1ef7 l\u1ee5c, nh\u01b0 tr\u01b0\u1eddng h\u1ee3p c\u1ee7a CCV trong b\u00e0i vi\u1ebft v\u1ec1 vi\u1ec7c \u0111\u1ecbnh ngh\u0129a l\u1ea1i gi\u00e1 tr\u1ecb doanh nghi\u1ec7p<\/a>, th\u00ec nh\u00f3m c\u00e1c ng\u00e2n h\u00e0ng l\u1edbn l\u1ea1i t\u1eadp trung v\u00e0o vi\u1ec7c c\u1ee7ng c\u1ed1 c\u1ea5u tr\u00fac v\u1ed1n \u0111\u1ec3 chu\u1ea9n b\u1ecb cho nh\u1eefng chu k\u1ef3 t\u0103ng tr\u01b0\u1edfng m\u1edbi. \u0110i\u1ec1u n\u00e0y \u0111\u01b0\u1ee3c th\u1ec3 hi\u1ec7n r\u00f5 qua c\u00e1c chi\u1ebfn l\u01b0\u1ee3c v\u1ec1 v\u1ed1n \u0111i\u1ec1u l\u1ec7 v\u00e0 c\u1ed9t m\u1ed1c m\u1edbi c\u1ee7a Techcombank hay b\u00e0i to\u00e1n b\u1ed5 sung v\u1ed1n c\u1ea5p 2 th\u00f4ng qua ph\u00e1t h\u00e0nh tr\u00e1i phi\u1ebfu c\u1ee7a Vietcombank, ph\u1ea3n \u00e1nh t\u1ea7m nh\u00ecn d\u00e0i h\u1ea1n c\u1ee7a c\u00e1c t\u1ed5 ch\u1ee9c t\u00e0i ch\u00ednh h\u00e0ng \u0111\u1ea7u.<\/p>\n

Gi\u00e1 c\u1ed5 phi\u1ebfu c\u00f2n d\u01b0 \u0111\u1ecba t\u0103ng khi n\u1ed9i l\u1ef1c d\u1ea7n \u0111\u1ecbnh h\u00ecnh<\/h2>\n

Dragon Capital nh\u1ea5n m\u1ea1nh r\u1eb1ng s\u1ef1 ch\u00eanh l\u1ec7ch gi\u1eefa \u0111\u00e0 t\u0103ng c\u1ee7a th\u1ecb tr\u01b0\u1eddng v\u00e0 s\u1ee9c kh\u1ecfe t\u00e0i ch\u00ednh doanh nghi\u1ec7p \u0111ang t\u1ea1o ra nh\u1eefng kho\u1ea3ng tr\u1ed1ng h\u1ea5p d\u1eabn. Khi s\u1ef1 t\u0103ng tr\u01b0\u1edfng l\u1ee3i nhu\u1eadn mang t\u00ednh lan t\u1ecfa nh\u01b0ng di\u1ec5n bi\u1ebfn gi\u00e1 c\u1ed5 phi\u1ebfu c\u00f2n t\u1eadp trung, th\u00ec c\u01a1 h\u1ed9i \u0111\u1ec3 th\u1ecb tr\u01b0\u1eddng t\u1ef1 \u0111i\u1ec1u ch\u1ec9nh v\u00e0 ph\u1ea3n \u00e1nh s\u00e1t h\u01a1n n\u1ec1n t\u1ea3ng c\u01a1 b\u1ea3n l\u00e0 \u0111i\u1ec1u t\u1ea5t y\u1ebfu. Qu\u00e1 tr\u00ecnh n\u00e0y \u0111\u00f2i h\u1ecfi m\u1ed9t b\u1ed1i c\u1ea3nh v\u0129 m\u00f4 \u1ed5n \u0111\u1ecbnh h\u01a1n, n\u01a1i c\u00e1c ch\u00ednh s\u00e1ch h\u1ed7 tr\u1ee3 ti\u1ebfp t\u1ee5c ph\u00e1t huy hi\u1ec7u qu\u1ea3 v\u00e0 \u00e1p l\u1ef1c l\u1ea1m ph\u00e1t \u0111\u01b0\u1ee3c ki\u1ec3m so\u00e1t trong ng\u01b0\u1ee1ng m\u1ee5c ti\u00eau c\u1ee7a Ch\u00ednh ph\u1ee7.<\/p>\n

Nh\u00ecn v\u00e0o n\u1eeda cu\u1ed1i n\u0103m, d\u01b0 \u0111\u1ecba \u0111\u1ec3 m\u1eb7t b\u1eb1ng gi\u00e1 c\u1ed5 phi\u1ebfu d\u1ea7n ph\u1ea3n \u00e1nh s\u00e1t h\u01a1n n\u1ec1n t\u1ea3ng doanh nghi\u1ec7p s\u1ebd ph\u1ee5 thu\u1ed9c v\u00e0o kh\u1ea3 n\u0103ng m\u1edf r\u1ed9ng \u0111\u00e0 t\u0103ng tr\u01b0\u1edfng l\u1ee3i nhu\u1eadn ngo\u00e0i nh\u00f3m d\u1eabn d\u1eaft hi\u1ec7n t\u1ea1i. \u0110i\u1ec1u n\u00e0y kh\u00f4ng ch\u1ec9 l\u00e0 s\u1ef1 k\u1ef3 v\u1ecdng v\u1ec1 nh\u1eefng con s\u1ed1 tr\u00ean b\u1ea3ng \u0111i\u1ec7n t\u1eed, m\u00e0 l\u00e0 s\u1ef1 ph\u1ea3n \u00e1nh c\u1ee7a m\u1ed9t n\u1ec1n kinh t\u1ebf \u0111ang chuy\u1ec3n d\u1ecbch m\u1ea1nh m\u1ebd sang s\u1ea3n xu\u1ea5t v\u00e0 \u0111\u1ea7u t\u01b0. Nh\u1eefng t\u00edn hi\u1ec7u t\u1eeb d\u00f2ng v\u1ed1n FDI th\u1ef1c hi\u1ec7n \u0111\u1ea1t m\u1ee9c cao nh\u1ea5t trong 5 n\u0103m qua, c\u00f9ng v\u1edbi s\u1ef1 b\u00f9ng n\u1ed5 c\u1ee7a doanh nghi\u1ec7p th\u00e0nh l\u1eadp m\u1edbi, cho th\u1ea5y m\u1ed9t d\u00f2ng ch\u1ea3y v\u1ed1n th\u1ef1c s\u1ef1 \u0111ang th\u1ea5m s\u00e2u v\u00e0o h\u1ec7 sinh th\u00e1i s\u1ea3n xu\u1ea5t c\u1ee7a Vi\u1ec7t Nam, t\u1ea1o ti\u1ec1n \u0111\u1ec1 \u0111\u1ec3 th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n kh\u00f4ng ch\u1ec9 l\u00e0 n\u01a1i lu\u00e2n chuy\u1ec3n d\u00f2ng ti\u1ec1n \u0111\u1ea7u c\u01a1 m\u00e0 th\u1ef1c s\u1ef1 tr\u1edf th\u00e0nh phong v\u0169 bi\u1ec3u cho s\u1ee9c kh\u1ecfe doanh nghi\u1ec7p.<\/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":"

Gi\u00e1 c\u1ed5 phi\u1ebfu c\u00f2n d\u01b0 \u0111\u1ecba t\u0103ng \u0111\u1ec3 ph\u1ea3n \u00e1nh s\u00e1t h\u01a1n c\u00e1c n\u1ec1n t\u1ea3ng c\u0103n b\u1ea3n l\u00e0 nh\u1eadn \u0111\u1ecbnh t\u00e2m \u0111i\u1ec3m trong b\u00e1o c\u00e1o m\u1edbi nh\u1ea5t t\u1eeb Dragon Capital. Trong b\u1ed1i c\u1ea3nh th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n li\u00ean t\u1ee5c \u0111\u00f3n nh\u1eadn c\u00e1c t\u00edn hi\u1ec7u v\u0129 m\u00f4 t\u00edch c\u1ef1c, t\u1eeb vi\u1ec7c FTSE Russell x\u00e1c nh\u1eadn n\u00e2ng […]<\/p>\n","protected":false},"author":1,"featured_media":15011,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[43],"tags":[],"class_list":["post-15013","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\/15013","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=15013"}],"version-history":[{"count":0,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts\/15013\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media\/15011"}],"wp:attachment":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media?parent=15013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/categories?post=15013"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/tags?post=15013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}