{"id":15771,"date":"2026-05-20T10:25:28","date_gmt":"2026-05-20T03:25:28","guid":{"rendered":"https:\/\/taichinhphowall.com\/index.php\/2026\/05\/20\/tai-chinh-ben-vung-su-hoi-phuc-cua-thi-truong-trai-phieu-xanh-trong-quy-1-2026\/"},"modified":"2026-05-20T10:25:28","modified_gmt":"2026-05-20T03:25:28","slug":"tai-chinh-ben-vung-su-hoi-phuc-cua-thi-truong-trai-phieu-xanh-trong-quy-1-2026","status":"publish","type":"post","link":"https:\/\/taichinhphowall.com\/index.php\/2026\/05\/20\/tai-chinh-ben-vung-su-hoi-phuc-cua-thi-truong-trai-phieu-xanh-trong-quy-1-2026\/","title":{"rendered":"T\u00e0i ch\u00ednh b\u1ec1n v\u1eefng: S\u1ef1 h\u1ed3i ph\u1ee5c c\u1ee7a th\u1ecb tr\u01b0\u1eddng tr\u00e1i phi\u1ebfu xanh trong qu\u00fd 1\/2026"},"content":{"rendered":"
\n

Th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh b\u1ec1n v\u1eefng \u0111ang tr\u1ea3i qua m\u1ed9t giai \u0111o\u1ea1n \u0111i\u1ec1u ch\u1ec9nh mang t\u00ednh chu k\u1ef3 v\u1edbi nh\u1eefng t\u00edn hi\u1ec7u t\u00edch c\u1ef1c t\u1eeb \u0111\u1ea7u n\u0103m 2026. Theo b\u00e1o c\u00e1o m\u1edbi nh\u1ea5t t\u1eeb Moody\u2019s, kh\u1ed1i l\u01b0\u1ee3ng ph\u00e1t h\u00e0nh tr\u00e1i phi\u1ebfu b\u1ec1n v\u1eefng to\u00e0n c\u1ea7u \u2013 bao g\u1ed3m tr\u00e1i phi\u1ebfu xanh, tr\u00e1i phi\u1ebfu x\u00e3 h\u1ed9i, tr\u00e1i phi\u1ebfu b\u1ec1n v\u1eefng v\u00e0 tr\u00e1i phi\u1ebfu li\u00ean k\u1ebft b\u1ec1n v\u1eefng \u2013 \u0111\u00e3 ch\u1ee9ng ki\u1ebfn \u0111\u00e0 h\u1ed3i ph\u1ee5c m\u1ea1nh m\u1ebd trong qu\u00fd 1\/2026 so v\u1edbi qu\u00fd cu\u1ed1i n\u0103m tr\u01b0\u1edbc. D\u00f9 t\u1ed5ng quy m\u00f4 v\u1eabn duy tr\u00ec \u1edf m\u1ee9c th\u1ea5p h\u01a1n so v\u1edbi c\u00f9ng k\u1ef3 n\u0103m 2025, nh\u01b0ng nh\u1eefng bi\u1ebfn chuy\u1ec3n trong c\u1ea5u tr\u00fac ph\u00e1t h\u00e0nh cho th\u1ea5y m\u1ed9t b\u1ee9c tranh t\u00e0i ch\u00ednh b\u1ec1n v\u1eefng \u0111ang d\u1ecbch chuy\u1ec3n theo h\u01b0\u1edbng th\u1ef1c ch\u1ea5t v\u00e0 \u0111a d\u1ea1ng h\u00f3a h\u01a1n.<\/p>\n

\n \"T\u00e0i
\u1ea2nh t\u1eeb ngu\u1ed3n: esgtoday.com<\/em><\/figcaption><\/figure>\n

B\u1ea3n ch\u1ea5t s\u1ef1 h\u1ed3i ph\u1ee5c c\u1ee7a th\u1ecb tr\u01b0\u1eddng tr\u00e1i phi\u1ebfu b\u1ec1n v\u1eefng<\/h2>\n

Trong qu\u00fd \u0111\u1ea7u ti\u00ean c\u1ee7a n\u0103m 2026, kh\u1ed1i l\u01b0\u1ee3ng ph\u00e1t h\u00e0nh \u0111\u1ea1t m\u1ed1c 241 t\u1ef7 USD, \u0111\u00e1nh d\u1ea5u m\u1ee9c t\u0103ng tr\u01b0\u1edfng 18% so v\u1edbi qu\u00fd tr\u01b0\u1edbc. S\u1ef1 h\u1ed3i ph\u1ee5c n\u00e0y \u0111\u01b0\u1ee3c d\u1eabn d\u1eaft b\u1edfi s\u1ef1 b\u1ee9t ph\u00e1 t\u1eeb c\u00e1c nh\u00e0 ph\u00e1t h\u00e0nh ch\u00e2u \u00c2u, v\u1ed1n l\u00e0 t\u00e2m \u0111i\u1ec3m c\u1ee7a d\u00f2ng v\u1ed1n xanh. Tuy nhi\u00ean, khi nh\u00ecn v\u00e0o b\u1ee9c tranh to\u00e0n c\u1ea3nh, ch\u00fang ta th\u1ea5y m\u1ed9t ngh\u1ecbch l\u00fd l\u00e0 d\u00f9 c\u00f3 \u0111\u00e0 t\u0103ng tr\u01b0\u1edfng theo qu\u00fd, con s\u1ed1 n\u00e0y v\u1eabn th\u1ea5p h\u01a1n 17% so v\u1edbi c\u00f9ng k\u1ef3 n\u0103m ngo\u00e1i. Moody\u2019s nh\u1eadn \u0111\u1ecbnh r\u1eb1ng t\u1ed5ng quy m\u00f4 ph\u00e1t h\u00e0nh c\u1ea3 n\u0103m 2026 d\u1ef1 ki\u1ebfn s\u1ebd \u0111i ngang \u1edf m\u1ee9c kho\u1ea3ng 900 t\u1ef7 USD. S\u1ef1 ch\u1eefng l\u1ea1i n\u00e0y ph\u1ea3n \u00e1nh m\u1ed9t th\u1ecb tr\u01b0\u1eddng \u0111ang chuy\u1ec3n t\u1eeb giai \u0111o\u1ea1n t\u0103ng tr\u01b0\u1edfng n\u00f3ng sang giai \u0111o\u1ea1n s\u00e0ng l\u1ecdc, n\u01a1i c\u00e1c doanh nghi\u1ec7p t\u1eadp trung h\u01a1n v\u00e0o t\u00ednh kh\u1ea3 thi c\u1ee7a c\u00e1c cam k\u1ebft xanh, t\u01b0\u01a1ng t\u1ef1 nh\u01b0 n\u1ed7 l\u1ef1c m\u00e0 S2G \u0111ang th\u1ef1c hi\u1ec7n nh\u1eb1m thu h\u1eb9p kho\u1ea3ng c\u00e1ch t\u00e0i ch\u00ednh b\u1ec1n v\u1eefng cho c\u00e1c doanh nghi\u1ec7p quy m\u00f4 v\u1eeba.<\/p>\n

Tr\u00e1i phi\u1ebfu xanh v\u00e0 s\u1ef1 ph\u00e2n h\u00f3a gi\u1eefa c\u00e1c ch\u00e2u l\u1ee5c<\/h2>\n

Tr\u00e1i phi\u1ebfu xanh v\u1eabn kh\u1eb3ng \u0111\u1ecbnh v\u1ecb th\u1ebf ch\u1ee7 \u0111\u1ea1o khi chi\u1ebfm kho\u1ea3ng 63% t\u1ed5ng kh\u1ed1i l\u01b0\u1ee3ng ph\u00e1t h\u00e0nh to\u00e0n c\u1ea7u. \u0110\u00e1ng ch\u00fa \u00fd, trong khi khu v\u1ef1c ch\u00e2u \u00c2u t\u0103ng tr\u01b0\u1edfng \u1ea5n t\u01b0\u1ee3ng 41% v\u1edbi 100 t\u1ef7 USD \u0111\u01b0\u1ee3c huy \u0111\u1ed9ng, th\u00ec th\u1ecb tr\u01b0\u1eddng ch\u00e2u \u00c1 – Th\u00e1i B\u00ecnh D\u01b0\u01a1ng l\u1ea1i \u0111\u1ed1i m\u1eb7t v\u1edbi s\u1ef1 s\u1ee5t gi\u1ea3m 48% so v\u1edbi qu\u00fd tr\u01b0\u1edbc. S\u1ef1 ph\u00e2n h\u00f3a n\u00e0y \u0111\u1eb7t ra c\u00e2u h\u1ecfi v\u1ec1 chi\u1ebfn l\u01b0\u1ee3c ti\u1ebfp c\u1eadn ngu\u1ed3n v\u1ed1n xanh t\u1ea1i t\u1eebng khu v\u1ef1c. N\u1ebfu nh\u01b0 ch\u00e2u \u00c2u \u0111ang t\u1ed1i \u01b0u h\u00f3a c\u00e1c khung ph\u00e1p l\u00fd \u0111\u1ec3 th\u00fac \u0111\u1ea9y n\u0103ng l\u01b0\u1ee3ng t\u00e1i t\u1ea1o, th\u00ec t\u1ea1i c\u00e1c th\u1ecb tr\u01b0\u1eddng kh\u00e1c, vi\u1ec7c huy \u0111\u1ed9ng v\u1ed1n \u0111\u00f2i h\u1ecfi nh\u1eefng l\u1ed9 tr\u00ecnh c\u1ee5 th\u1ec3 v\u00e0 g\u1eafn li\u1ec1n v\u1edbi c\u00e1c cam k\u1ebft b\u1ec1n v\u1eefng th\u1ef1c ch\u1ea5t, gi\u1ed1ng nh\u01b0 c\u00e1ch c\u00e1c t\u1eadp \u0111o\u00e0n l\u1edbn \u0111ang chuy\u1ec3n m\u00ecnh th\u00f4ng qua chi\u1ebfn l\u01b0\u1ee3c n\u0103ng l\u01b0\u1ee3ng t\u00e1i t\u1ea1o t\u1ea1i c\u00e1c qu\u1ed1c gia \u0111ang ph\u00e1t tri\u1ec3n nh\u01b0 \u1ea4n \u0110\u1ed9.<\/p>\n

S\u1ef1 tr\u1ed7i d\u1eady c\u1ee7a tr\u00e1i phi\u1ebfu x\u00e3 h\u1ed9i v\u00e0 ti\u1ec1m n\u0103ng t\u1eeb ph\u00e2n kh\u00fac tr\u00e1i phi\u1ebfu chuy\u1ec3n \u0111\u1ed5i<\/h2>\n

M\u1ed9t \u0111i\u1ec3m s\u00e1ng \u0111\u00e1ng ch\u00fa \u00fd trong b\u00e1o c\u00e1o qu\u00fd 1\/2026 l\u00e0 s\u1ef1 tr\u1edf l\u1ea1i m\u1ea1nh m\u1ebd c\u1ee7a tr\u00e1i phi\u1ebfu x\u00e3 h\u1ed9i v\u1edbi kh\u1ed1i l\u01b0\u1ee3ng \u0111\u1ea1t 47,6 t\u1ef7 USD, m\u1ee9c cao nh\u1ea5t trong g\u1ea7n hai n\u0103m qua. S\u1ef1 b\u00f9ng n\u1ed5 n\u00e0y \u0111\u01b0\u1ee3c th\u00fac \u0111\u1ea9y b\u1edfi c\u00e1c t\u1ed5 ch\u1ee9c t\u00e0i ch\u00ednh l\u1edbn, \u0111i\u1ec3n h\u00ecnh nh\u01b0 c\u01a1 quan CADES c\u1ee7a Ph\u00e1p. \u1ede m\u1ed9t di\u1ec5n bi\u1ebfn kh\u00e1c, d\u00f9 quy m\u00f4 c\u00f2n khi\u00eam t\u1ed1n \u1edf m\u1ee9c 4,1 t\u1ef7 USD, tr\u00e1i phi\u1ebfu chuy\u1ec3n \u0111\u1ed5i l\u1ea1i \u0111ang cho th\u1ea5y t\u1ed1c \u0111\u1ed9 t\u0103ng tr\u01b0\u1edfng nhanh nh\u1ea5t, t\u0103ng 52% so v\u1edbi qu\u00fd tr\u01b0\u1edbc. \u0110\u00e2y l\u00e0 minh ch\u1ee9ng cho th\u1ea5y xu h\u01b0\u1edbng t\u00e0i ch\u00ednh b\u1ec1n v\u1eefng kh\u00f4ng ch\u1ec9 d\u1eebng l\u1ea1i \u1edf c\u00e1c d\u1ef1 \u00e1n “xanh” ho\u00e0n to\u00e0n m\u00e0 \u0111ang m\u1edf r\u1ed9ng sang c\u1ea3 l\u1ed9 tr\u00ecnh chuy\u1ec3n \u0111\u1ed5i carbon cho c\u00e1c ng\u00e0nh c\u00f4ng nghi\u1ec7p th\u00e2m d\u1ee5ng n\u0103ng l\u01b0\u1ee3ng. Nh\u1eefng n\u1ed7 l\u1ef1c n\u00e0y c\u0169ng t\u01b0\u01a1ng \u0111\u1ed3ng v\u1edbi xu h\u01b0\u1edbng \u00e1p d\u1ee5ng c\u00e1c gi\u1ea3i ph\u00e1p thay th\u1ebf nh\u01b0 Sustainable Aviation Fuel (SAF) trong ng\u00e0nh h\u00e0ng kh\u00f4ng, n\u01a1i c\u00e1c doanh nghi\u1ec7p \u0111ang ch\u1ee7 \u0111\u1ed9ng t\u00ecm ki\u1ebfm ngu\u1ed3n t\u00e0i ch\u00ednh \u0111\u1ec3 hi\u1ec7n th\u1ef1c h\u00f3a cam k\u1ebft trung h\u00f2a carbon.<\/p>\n

Vi\u1ec7c c\u00e1c t\u1ed5 ch\u1ee9c t\u00e0i ch\u00ednh v\u00e0 \u0111\u1ecbnh ch\u1ebf ch\u00ednh ph\u1ee7 ti\u1ebfp t\u1ee5c chi\u1ebfm t\u1ef7 tr\u1ecdng l\u1edbn trong c\u1ea5u tr\u00fac ph\u00e1t h\u00e0nh cho th\u1ea5y m\u1ed9t s\u1ef1 thay \u0111\u1ed5i trong c\u1ea5u tr\u00fac d\u00f2ng ti\u1ec1n: c\u00e1c nh\u00e0 ph\u00e1t h\u00e0nh \u0111ang t\u00ecm ki\u1ebfm s\u1ef1 \u1ed5n \u0111\u1ecbnh t\u1eeb c\u00e1c c\u00f4ng c\u1ee5 n\u1ee3 b\u1ec1n v\u1eefng trong b\u1ed1i c\u1ea3nh v\u0129 m\u00f4 c\u00f2n nhi\u1ec1u bi\u1ebfn s\u1ed1. S\u1ef1 t\u0103ng tr\u01b0\u1edfng g\u1ea5p \u0111\u00f4i c\u1ee7a kh\u1ed1i l\u01b0\u1ee3ng ph\u00e1t h\u00e0nh t\u1eeb c\u00e1c t\u1ed5 ch\u1ee9c ch\u00ednh ph\u1ee7 v\u00e0 c\u01a1 quan nh\u00e0 n\u01b0\u1edbc so v\u1edbi qu\u00fd tr\u01b0\u1edbc ch\u00ednh l\u00e0 l\u00e1 ch\u1eafn gi\u00fap th\u1ecb tr\u01b0\u1eddng kh\u00f4ng b\u1ecb s\u1ee5t gi\u1ea3m qu\u00e1 s\u00e2u, \u0111\u1ed3ng th\u1eddi \u0111\u1eb7t n\u1ec1n m\u00f3ng cho s\u1ef1 ph\u00e1t tri\u1ec3n b\u1ec1n v\u1eefng h\u01a1n trong c\u00e1c giai \u0111o\u1ea1n ti\u1ebfp theo c\u1ee7a n\u0103m 2026.<\/p>\n

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

Th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh b\u1ec1n v\u1eefng \u0111ang tr\u1ea3i qua m\u1ed9t giai \u0111o\u1ea1n \u0111i\u1ec1u ch\u1ec9nh mang t\u00ednh chu k\u1ef3 v\u1edbi nh\u1eefng t\u00edn hi\u1ec7u t\u00edch c\u1ef1c t\u1eeb \u0111\u1ea7u n\u0103m 2026. Theo b\u00e1o c\u00e1o m\u1edbi nh\u1ea5t t\u1eeb Moody\u2019s, kh\u1ed1i l\u01b0\u1ee3ng ph\u00e1t h\u00e0nh tr\u00e1i phi\u1ebfu b\u1ec1n v\u1eefng to\u00e0n c\u1ea7u \u2013 bao g\u1ed3m tr\u00e1i phi\u1ebfu xanh, tr\u00e1i phi\u1ebfu x\u00e3 h\u1ed9i, […]<\/p>\n","protected":false},"author":1,"featured_media":15768,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[67],"tags":[],"class_list":["post-15771","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kinh-te-xanh-esg"],"_links":{"self":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts\/15771","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=15771"}],"version-history":[{"count":0,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts\/15771\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media\/15768"}],"wp:attachment":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media?parent=15771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/categories?post=15771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/tags?post=15771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}