{"id":15685,"date":"2026-05-20T10:18:26","date_gmt":"2026-05-20T03:18:26","guid":{"rendered":"https:\/\/taichinhphowall.com\/index.php\/2026\/05\/20\/trai-phieu-doanh-nghiep-dao-han-va-ap-luc-thanh-khoan-quy-2-2026\/"},"modified":"2026-05-20T10:18:26","modified_gmt":"2026-05-20T03:18:26","slug":"trai-phieu-doanh-nghiep-dao-han-va-ap-luc-thanh-khoan-quy-2-2026","status":"publish","type":"post","link":"https:\/\/taichinhphowall.com\/index.php\/2026\/05\/20\/trai-phieu-doanh-nghiep-dao-han-va-ap-luc-thanh-khoan-quy-2-2026\/","title":{"rendered":"Tr\u00e1i phi\u1ebfu doanh nghi\u1ec7p \u0111\u00e1o h\u1ea1n v\u00e0 \u00e1p l\u1ef1c thanh kho\u1ea3n qu\u00fd 2\/2026"},"content":{"rendered":"
\n

\u00c1p l\u1ef1c t\u1eeb tr\u00e1i phi\u1ebfu doanh nghi\u1ec7p \u0111\u00e1o h\u1ea1n \u0111ang tr\u1edf th\u00e0nh m\u1ed9t b\u00e0i to\u00e1n c\u00e2n n\u00e3o \u0111\u1ed1i v\u1edbi th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh trong giai \u0111o\u1ea1n gi\u1eefa n\u0103m 2026. Theo nh\u1eefng t\u00ednh to\u00e1n m\u1edbi nh\u1ea5t t\u1eeb MBS, kh\u1ed1i l\u01b0\u1ee3ng tr\u00e1i phi\u1ebfu \u0111\u1ebfn k\u1ef3 thanh to\u00e1n trong qu\u00fd 2\/2026 \u01b0\u1edbc \u0111\u1ea1t kho\u1ea3ng 58,5 ngh\u00ecn t\u1ef7 \u0111\u1ed3ng. Con s\u1ed1 n\u00e0y kh\u00f4ng ch\u1ec9 d\u1eebng l\u1ea1i \u1edf m\u1ee9c t\u0103ng tr\u01b0\u1edfng 140% so v\u1edbi c\u00f9ng k\u1ef3, m\u00e0 c\u00f2n cho th\u1ea5y s\u1ef1 d\u1ed3n toa \u0111\u00e1ng k\u1ec3 khi g\u1ea5p 3,3 l\u1ea7n so v\u1edbi kh\u1ed1i l\u01b0\u1ee3ng ghi nh\u1eadn trong qu\u00fd 1\/2026, \u0111\u1eb7t ra nh\u1eefng th\u00e1ch th\u1ee9c kh\u00f4ng nh\u1ecf cho kh\u1ea3 n\u0103ng xoay v\u00f2ng v\u1ed1n c\u1ee7a c\u00e1c doanh nghi\u1ec7p ph\u00e1t h\u00e0nh.<\/p>\n

\n \"Tr\u00e1i
\u1ea2nh t\u1eeb ngu\u1ed3n: vneconomy.vn<\/em><\/figcaption><\/figure>\n

C\u01a1 c\u1ea5u d\u00f2ng ti\u1ec1n d\u01b0\u1edbi \u00e1p l\u1ef1c tr\u00e1i phi\u1ebfu doanh nghi\u1ec7p \u0111\u00e1o h\u1ea1n<\/h2>\n

Vi\u1ec7c nh\u00ecn nh\u1eadn v\u1ea5n \u0111\u1ec1 tr\u00e1i phi\u1ebfu doanh nghi\u1ec7p \u0111\u00e1o h\u1ea1n c\u1ea7n \u0111\u1eb7t trong b\u1ed1i c\u1ea3nh ho\u1ea1t \u0111\u1ed9ng ph\u00e1t h\u00e0nh v\u1eabn duy tr\u00ec \u0111\u01b0\u1ee3c nh\u1ecbp \u0111\u1ed9 t\u00edch c\u1ef1c. Trong th\u00e1ng 4, th\u1ecb tr\u01b0\u1eddng \u0111\u00e3 ghi nh\u1eadn t\u1ed5ng gi\u00e1 tr\u1ecb ph\u00e1t h\u00e0nh \u0111\u1ea1t 51,7 ngh\u00ecn t\u1ef7 \u0111\u1ed3ng, t\u0103ng 60% so v\u1edbi th\u00e1ng tr\u01b0\u1edbc. S\u1ef1 ph\u1ee5c h\u1ed3i n\u00e0y ch\u1ee7 y\u1ebfu \u0111\u1ebfn t\u1eeb nh\u00f3m b\u1ea5t \u0111\u1ed9ng s\u1ea3n v\u1edbi t\u1ef7 tr\u1ecdng chi\u1ebfm 58,7%, t\u01b0\u01a1ng \u0111\u01b0\u01a1ng 30,4 ngh\u00ecn t\u1ef7 \u0111\u1ed3ng. \u0110\u00e2y l\u00e0 m\u1ee9c ph\u00e1t h\u00e0nh cao nh\u1ea5t c\u1ee7a nh\u00f3m ng\u00e0nh n\u00e0y trong v\u00f2ng 6 th\u00e1ng qua, cho th\u1ea5y n\u1ed7 l\u1ef1c c\u1ee7a c\u00e1c ch\u1ee7 \u0111\u1ea7u t\u01b0 trong vi\u1ec7c huy \u0111\u1ed9ng v\u1ed1n nh\u1eb1m t\u00e1i c\u1ea5u tr\u00fac ngh\u0129a v\u1ee5 n\u1ee3, thay v\u00ec ch\u1ec9 d\u1ef1a v\u00e0o ngu\u1ed3n l\u1ef1c n\u1ed9i t\u1ea1i v\u1ed1n \u0111\u00e3 tr\u1edf n\u00ean eo h\u1eb9p.<\/p>\n

Song song v\u1edbi \u0111\u00f3, nh\u00f3m ng\u00e2n h\u00e0ng v\u1eabn gi\u1eef vai tr\u00f2 tr\u1ee5 c\u1ed9t \u1ed5n \u0111\u1ecbnh v\u1edbi 18,1 ngh\u00ecn t\u1ef7 \u0111\u1ed3ng gi\u00e1 tr\u1ecb ph\u00e1t h\u00e0nh. \u0110i\u1ec1u n\u00e0y t\u1ea1o n\u00ean m\u1ed9t b\u1ee9c tranh th\u1ecb tr\u01b0\u1eddng kh\u00e1 ph\u00e2n h\u00f3a: trong khi c\u00e1c doanh nghi\u1ec7p b\u1ea5t \u0111\u1ed9ng s\u1ea3n ch\u1ea1y \u0111ua huy \u0111\u1ed9ng v\u1ed1n \u0111\u1ec3 \u0111\u1ea3o n\u1ee3, c\u00e1c ng\u00e2n h\u00e0ng l\u1ea1i \u0111\u00f3ng vai tr\u00f2 cung c\u1ea5p d\u00f2ng thanh kho\u1ea3n quan tr\u1ecdng. N\u1ebfu so s\u00e1nh v\u1edbi di\u1ec5n bi\u1ebfn tr\u00ean th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n, n\u01a1i m\u00e0 vi\u1ec7c xoay tr\u1ee5 th\u00e0nh c\u00f4ng, VN-Index ti\u1ebfp t\u1ee5c c\u00f3 \u0111\u1ec9nh cao m\u1edbi<\/a>, th\u00ec th\u1ecb tr\u01b0\u1eddng tr\u00e1i phi\u1ebfu l\u1ea1i mang m\u1ed9t d\u00e1ng v\u1ebb tr\u1ea7m l\u1eafng v\u00e0 th\u1ef1c d\u1ee5ng h\u01a1n, t\u1eadp trung ch\u1ee7 y\u1ebfu v\u00e0o vi\u1ec7c x\u1eed l\u00fd c\u00e1c kh\u1ed1i l\u01b0\u1ee3ng n\u1ee3 \u0111\u1ebfn h\u1ea1n.<\/p>\n

Nh\u1eadn di\u1ec7n r\u1ee7i ro t\u1eeb tr\u00e1i phi\u1ebfu doanh nghi\u1ec7p \u0111\u00e1o h\u1ea1n trong qu\u00fd 2<\/h2>\n

D\u00f9 c\u00e1c ho\u1ea1t \u0111\u1ed9ng ph\u00e1t h\u00e0nh m\u1edbi v\u1eabn di\u1ec5n ra, \u00e1p l\u1ef1c t\u1eeb tr\u00e1i phi\u1ebfu doanh nghi\u1ec7p \u0111\u00e1o h\u1ea1n v\u1eabn \u0111ang hi\u1ec7n h\u1eefu nh\u01b0 m\u1ed9t \u0111i\u1ec3m ngh\u1ebdn ti\u1ec1m \u1ea9n. Trong hai th\u00e1ng c\u00f2n l\u1ea1i c\u1ee7a qu\u00fd 2, t\u1ed5ng gi\u00e1 tr\u1ecb c\u1ea7n x\u1eed l\u00fd l\u00ean t\u1edbi 30,5 ngh\u00ecn t\u1ef7 \u0111\u1ed3ng, trong \u0111\u00f3 nh\u00f3m b\u1ea5t \u0111\u1ed9ng s\u1ea3n chi\u1ebfm \u00e1p \u0111\u1ea3o v\u1edbi kho\u1ea3ng 75,6%. Nh\u1eefng con s\u1ed1 n\u00e0y g\u1ee3i nh\u1eafc \u0111\u1ebfn c\u00e1c y\u1ebfu t\u1ed1 b\u1ea5t \u0111\u1ecbnh t\u01b0\u01a1ng t\u1ef1 nh\u01b0 vi\u1ec7c v\u00ec sao \u0111\u01b0\u1eddng cong gi\u00e1 d\u1ea7u t\u01b0\u01a1ng lai kh\u00f4ng th\u1ec3 d\u1ef1 b\u00e1o ch\u1eafc ch\u1eafn gi\u00e1 d\u1ea7u<\/a>, b\u1edfi kh\u1ea3 n\u0103ng thanh kho\u1ea3n c\u1ee7a th\u1ecb tr\u01b0\u1eddng tr\u00e1i phi\u1ebfu ph\u1ee5 thu\u1ed9c r\u1ea5t l\u1edbn v\u00e0o ni\u1ec1m tin c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 v\u00e0 kh\u1ea3 n\u0103ng huy \u0111\u1ed9ng v\u1ed1n d\u00e0i h\u1ea1n c\u1ee7a doanh nghi\u1ec7p.<\/p>\n

Th\u1ef1c t\u1ebf cho th\u1ea5y, t\u00ecnh tr\u1ea1ng ch\u1eadm thanh to\u00e1n v\u1eabn ch\u01b0a \u0111\u01b0\u1ee3c gi\u1ea3i quy\u1ebft d\u1ee9t \u0111i\u1ec3m. T\u00ednh \u0111\u1ebfn h\u1ebft th\u00e1ng 4, gi\u00e1 tr\u1ecb tr\u00e1i phi\u1ebfu ch\u1eadm th\u1ef1c hi\u1ec7n ngh\u0129a v\u1ee5 \u01b0\u1edbc \u0111\u1ea1t 31,5 ngh\u00ecn t\u1ef7 \u0111\u1ed3ng. D\u00f9 con s\u1ed1 n\u00e0y ch\u1ec9 chi\u1ebfm kho\u1ea3ng 2,3% d\u01b0 n\u1ee3 to\u00e0n th\u1ecb tr\u01b0\u1eddng, nh\u01b0ng n\u00f3 l\u00e0 t\u00edn hi\u1ec7u v\u1ec1 nh\u1eefng m\u1eaft x\u00edch y\u1ebfu trong c\u1ea5u tr\u00fac t\u00e0i ch\u00ednh c\u1ee7a m\u1ed9t s\u1ed1 doanh nghi\u1ec7p. Ng\u01b0\u1ee3c l\u1ea1i, ho\u1ea1t \u0111\u1ed9ng mua l\u1ea1i tr\u01b0\u1edbc h\u1ea1n l\u1ea1i kh\u00e1 s\u00f4i \u0111\u1ed9ng v\u1edbi 29,6 ngh\u00ecn t\u1ef7 \u0111\u1ed3ng trong th\u00e1ng 4, ch\u1ee7 y\u1ebfu \u0111\u1ebfn t\u1eeb nh\u00f3m ng\u00e2n h\u00e0ng, t\u1ea1o ra m\u1ed9t s\u1ef1 \u0111\u1ed1i ngh\u1ecbch th\u00fa v\u1ecb gi\u1eefa nh\u00f3m doanh nghi\u1ec7p c\u1ea7n v\u1ed1n v\u00e0 nh\u00f3m ng\u00e2n h\u00e0ng \u0111ang ch\u1ee7 \u0111\u1ed9ng t\u1ed1i \u01b0u h\u00f3a b\u1ea3ng c\u00e2n \u0111\u1ed1i k\u1ebf to\u00e1n.<\/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":"

\u00c1p l\u1ef1c t\u1eeb tr\u00e1i phi\u1ebfu doanh nghi\u1ec7p \u0111\u00e1o h\u1ea1n \u0111ang tr\u1edf th\u00e0nh m\u1ed9t b\u00e0i to\u00e1n c\u00e2n n\u00e3o \u0111\u1ed1i v\u1edbi th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh trong giai \u0111o\u1ea1n gi\u1eefa n\u0103m 2026. Theo nh\u1eefng t\u00ednh to\u00e1n m\u1edbi nh\u1ea5t t\u1eeb MBS, kh\u1ed1i l\u01b0\u1ee3ng tr\u00e1i phi\u1ebfu \u0111\u1ebfn k\u1ef3 thanh to\u00e1n trong qu\u00fd 2\/2026 \u01b0\u1edbc \u0111\u1ea1t kho\u1ea3ng 58,5 ngh\u00ecn t\u1ef7 \u0111\u1ed3ng. […]<\/p>\n","protected":false},"author":1,"featured_media":15683,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[44],"tags":[],"class_list":["post-15685","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\/15685","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=15685"}],"version-history":[{"count":0,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts\/15685\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media\/15683"}],"wp:attachment":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media?parent=15685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/categories?post=15685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/tags?post=15685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}