{"id":2827,"date":"2026-04-07T00:22:32","date_gmt":"2026-04-06T17:22:32","guid":{"rendered":"https:\/\/taichinhphowall.com\/index.php\/2026\/04\/07\/vn-index-thang-4-vietcap-du-phong-co-hoi-hap-dan-giao-thoa-rui-ro-dia-chinh-tri-va-ap-luc-thanh-khoan\/"},"modified":"2026-04-07T00:22:32","modified_gmt":"2026-04-06T17:22:32","slug":"vn-index-thang-4-vietcap-du-phong-co-hoi-hap-dan-giao-thoa-rui-ro-dia-chinh-tri-va-ap-luc-thanh-khoan","status":"publish","type":"post","link":"https:\/\/taichinhphowall.com\/index.php\/2026\/04\/07\/vn-index-thang-4-vietcap-du-phong-co-hoi-hap-dan-giao-thoa-rui-ro-dia-chinh-tri-va-ap-luc-thanh-khoan\/","title":{"rendered":"VN-Index Th\u00e1ng 4: Vietcap D\u1ef1 Ph\u00f3ng C\u01a1 H\u1ed9i H\u1ea5p D\u1eabn Giao Thoa R\u1ee7i Ro \u0110\u1ecba Ch\u00ednh Tr\u1ecb v\u00e0 \u00c1p L\u1ef1c Thanh Kho\u1ea3n"},"content":{"rendered":"
\n
\nTh\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam \u0111ang b\u01b0\u1edbc v\u00e0o th\u00e1ng 4 v\u1edbi tr\u1ea1ng th\u00e1i \u0111an xen ph\u1ee9c t\u1ea1p gi\u1eefa nh\u1eefng c\u01a1 h\u1ed9i \u0111\u00e1ng gi\u00e1 v\u00e0 c\u00e1c y\u1ebfu t\u1ed1 r\u1ee7i ro ti\u1ec1m \u1ea9n. Trong b\u00e1o c\u00e1o m\u1edbi nh\u1ea5t, Ch\u1ee9ng kho\u00e1n Vietcap, m\u1ed9t trong nh\u1eefng \u0111\u1ecbnh ch\u1ebf t\u00e0i ch\u00ednh h\u00e0ng \u0111\u1ea7u t\u1ea1i Vi\u1ec7t Nam, \u0111\u00e3 \u0111\u01b0a ra nh\u1eadn \u0111\u1ecbnh v\u1ec1 b\u1ee9c tranh th\u1ecb tr\u01b0\u1eddng chung, nh\u1ea5n m\u1ea1nh \u0111\u1ecbnh gi\u00e1 h\u1ea5p d\u1eabn sau nh\u1ecbp \u0111i\u1ec1u ch\u1ec9nh nh\u01b0ng d\u00f2ng ti\u1ec1n v\u1eabn gi\u1eef t\u00e2m l\u00fd th\u1eadn tr\u1ecdng.\n<\/div>\n

\"tin<\/p>\n

\n\u0110i\u1ec3m s\u00e1ng \u0111\u00e1ng ch\u00fa \u00fd nh\u1ea5t l\u00e0 m\u1ee9c \u0111\u1ecbnh gi\u00e1 c\u1ee7a VN-Index \u0111\u00e3 tr\u1edf n\u00ean h\u1ea5p d\u1eabn h\u01a1n \u0111\u00e1ng k\u1ec3. Sau \u0111\u00e0 gi\u1ea3m s\u00e2u trong th\u00e1ng 3, P\/E c\u1ee7a ch\u1ec9 s\u1ed1 \u0111\u00e3 l\u00f9i v\u1ec1 kho\u1ea3ng **15,2 l\u1ea7n**, th\u1ea5p h\u01a1n m\u1ee9c trung v\u1ecb 10 n\u0103m v\u00e0 ti\u1ec7m c\u1eadn m\u1ee9c -1 \u0111\u1ed9 l\u1ec7ch chu\u1ea9n. M\u1ee9c \u0111\u1ecbnh gi\u00e1 n\u00e0y cho th\u1ea5y gi\u00e1 tr\u1ecb n\u1ed9i t\u1ea1i c\u1ee7a th\u1ecb tr\u01b0\u1eddng \u0111ang \u0111\u01b0\u1ee3c chi\u1ebft kh\u1ea5u, t\u1ea1o c\u01a1 h\u1ed9i cho nh\u00e0 \u0111\u1ea7u t\u01b0 d\u00e0i h\u1ea1n, \u0111\u1eb7c bi\u1ec7t khi Ch\u00ednh ph\u1ee7 v\u1eabn ki\u00ean \u0111\u1ecbnh v\u1edbi m\u1ee5c ti\u00eau t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf hai con s\u1ed1 trong nh\u1eefng n\u0103m t\u1edbi. M\u1ed9t \u0111\u1ed9ng l\u1ef1c l\u1edbn kh\u00e1c \u0111ang \u0111\u01b0\u1ee3c ch\u1edd \u0111\u1ee3i l\u00e0 k\u1ef3 \u0111\u00e1nh gi\u00e1 gi\u1eefa k\u1ef3 c\u1ee7a FTSE Russell, d\u1ef1 ki\u1ebfn c\u00f4ng b\u1ed1 v\u00e0o ng\u00e0y 8\/4, v\u1ec1 kh\u1ea3 n\u0103ng ch\u00ednh th\u1ee9c n\u00e2ng h\u1ea1ng th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam<\/a>. Vietcap b\u00e0y t\u1ecf ni\u1ec1m tin r\u1eb1ng c\u00f4ng t\u00e1c chu\u1ea9n b\u1ecb cho s\u1ef1 ki\u1ec7n quan tr\u1ecdng n\u00e0y v\u1eabn \u0111ang di\u1ec5n ra thu\u1eadn l\u1ee3i, h\u1ee9a h\u1eb9n thu h\u00fat d\u00f2ng v\u1ed1n ngo\u1ea1i.\n<\/div>\n
\nTuy nhi\u00ean, b\u1ee9c tranh kh\u00f4ng ho\u00e0n to\u00e0n t\u01b0\u01a1i s\u00e1ng khi nh\u1eefng \u0111\u00e1m m\u00e2y r\u1ee7i ro v\u1eabn hi\u1ec7n h\u1eefu. Di\u1ec5n bi\u1ebfn \u0111\u1ecba ch\u00ednh tr\u1ecb ph\u1ee9c t\u1ea1p t\u1ea1i Trung \u0110\u00f4ng, \u0111\u1eb7c bi\u1ec7t l\u00e0 t\u1ea1i Iran, v\u1eabn l\u00e0 m\u1ed9t \u1ea9n s\u1ed1. M\u1eb7c d\u00f9 c\u00f3 k\u1ef3 v\u1ecdng xung \u0111\u1ed9t s\u1ebd s\u1edbm h\u1ea1 nhi\u1ec7t, nh\u1eefng tuy\u00ean b\u1ed1 tr\u00e1i chi\u1ec1u v\u00e0 \u0111\u1ed9ng th\u00e1i qu\u00e2n s\u1ef1 t\u1eeb c\u00e1c b\u00ean li\u00ean quan c\u00f3 th\u1ec3 g\u00e2y ra bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh cho th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh to\u00e0n c\u1ea7u. Th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n M\u1ef9, th\u01b0\u1edbc \u0111o t\u00e2m l\u00fd qu\u1ed1c t\u1ebf, c\u0169ng ch\u01b0a ph\u00e1t \u0111i t\u00edn hi\u1ec7u x\u00e1c nh\u1eadn xu h\u01b0\u1edbng t\u0103ng khi ch\u1ec9 s\u1ed1 Dow Jones v\u1eabn ch\u01b0a th\u1ec3 v\u01b0\u1ee3t tr\u1edf l\u1ea1i \u0111\u01b0\u1eddng trung b\u00ecnh 200 ng\u00e0y quan tr\u1ecdng. Trong n\u01b0\u1edbc, \u00e1p l\u1ef1c thanh kho\u1ea3n h\u1ec7 th\u1ed1ng ng\u00e2n h\u00e0ng \u0111ang c\u00f3 d\u1ea5u hi\u1ec7u gia t\u0103ng, \u0111\u01b0\u1ee3c th\u1ec3 hi\u1ec7n r\u00f5 qua vi\u1ec7c m\u1ed9t s\u1ed1 ng\u00e2n h\u00e0ng th\u01b0\u01a1ng m\u1ea1i n\u00e2ng l\u00e3i su\u1ea5t huy \u0111\u1ed9ng k\u1ef3 h\u1ea1n 12 th\u00e1ng l\u00ean tr\u00ean **9%\/n\u0103m**, \u0111i\u1ec1u n\u00e0y ph\u1ea7n n\u00e0o t\u1ea1o s\u1ee9c \u00e9p l\u00ean d\u00f2ng ti\u1ec1n v\u00e0o th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n, khi\u1ebfn t\u00e2m l\u00fd nh\u00e0 \u0111\u1ea7u t\u01b0 tr\u1edf n\u00ean d\u00e8 d\u1eb7t h\u01a1n.\n<\/div>\n
\nV\u1ec1 m\u1eb7t k\u1ef9 thu\u1eadt, VN-Index \u0111ang trong nh\u1ecbp h\u1ed3i ph\u1ee5c ng\u1eafn h\u1ea1n v\u1edbi s\u1ef1 h\u1ed7 tr\u1ee3 t\u1eeb \u0111\u01b0\u1eddng MA5. Ch\u1ec9 s\u1ed1 hi\u1ec7n \u0111ang n\u1eb1m tr\u00ean MA200 (quanh m\u1ee9c **1.660 \u0111i\u1ec3m**) nh\u01b0ng v\u1eabn d\u01b0\u1edbi MA50 (kho\u1ea3ng **1.770 \u0111i\u1ec3m**), \u0111\u01b0a ra t\u00edn hi\u1ec7u trung t\u00ednh cho xu h\u01b0\u1edbng trung h\u1ea1n trong kho\u1ea3ng **1\u20136 th\u00e1ng**. So v\u1edbi th\u1ecb tr\u01b0\u1eddng M\u1ef9, t\u00edn hi\u1ec7u n\u00e0y \u0111\u01b0\u1ee3c \u0111\u00e1nh gi\u00e1 t\u00edch c\u1ef1c h\u01a1n khi Dow Jones v\u1eabn ch\u01b0a th\u1ec3 v\u01b0\u1ee3t MA200. Tuy nhi\u00ean, thanh kho\u1ea3n th\u1ecb tr\u01b0\u1eddng m\u1edbi ch\u1ec9 duy tr\u00ec \u1edf m\u1ee9c trung b\u00ecnh, ph\u1ea3n \u00e1nh s\u1ef1 l\u1ea1c quan c\u00f2n d\u00e8 d\u1eb7t c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0.\n<\/div>\n
\nTr\u00ean c\u01a1 s\u1edf ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt v\u00e0 di\u1ec5n bi\u1ebfn v\u0129 m\u00f4, Vietcap \u0111\u01b0a ra k\u1ecbch b\u1ea3n t\u00edch c\u1ef1c v\u1edbi x\u00e1c su\u1ea5t **60%**, theo \u0111\u00f3 VN-Index nhi\u1ec1u kh\u1ea3 n\u0103ng \u0111\u00e3 h\u00ecnh th\u00e0nh v\u00f9ng \u0111\u00e1y trung h\u1ea1n quanh khu v\u1ef1c MA200 t\u1ea1i **1.660 \u0111i\u1ec3m**. Trong k\u1ecbch b\u1ea3n n\u00e0y, ch\u1ec9 s\u1ed1 \u0111\u01b0\u1ee3c k\u1ef3 v\u1ecdng s\u1ebd ti\u1ebfp t\u1ee5c h\u1ed3i ph\u1ee5c theo h\u01b0\u1edbng ch\u1eadm v\u00e0 th\u1eadn tr\u1ecdng, ph\u1ee5 thu\u1ed9c l\u1edbn v\u00e0o t\u00edn hi\u1ec7u c\u1ea3i thi\u1ec7n t\u1eeb th\u1ecb tr\u01b0\u1eddng qu\u1ed1c t\u1ebf. N\u1ebfu c\u00e1c y\u1ebfu t\u1ed1 b\u00ean ngo\u00e0i th\u1ef1c s\u1ef1 c\u1ea3i thi\u1ec7n r\u00f5 r\u1ec7t \u2013 nh\u01b0 ti\u1ebfn tri\u1ec3n \u0111\u00e0m ph\u00e1n t\u1ea1i Trung \u0110\u00f4ng, gi\u00e1 d\u1ea7u h\u1ea1 nhi\u1ec7t v\u00e0 ch\u1ee9ng kho\u00e1n M\u1ef9 v\u01b0\u1ee3t MA200 \u2013 VN-Index c\u00f3 th\u1ec3 chinh ph\u1ee5c v\u00f9ng kh\u00e1ng c\u1ef1 **1.765\u20131.770 \u0111i\u1ec3m** trong **2\u20133 tu\u1ea7n t\u1edbi**, tr\u01b0\u1edbc khi h\u01b0\u1edbng \u0111\u1ebfn m\u1ed1c **1.830 \u0111i\u1ec3m** trong th\u00e1ng 4. V\u1ec1 c\u01a1 h\u1ed9i \u0111\u1ea7u t\u01b0, Vietcap khuy\u1ebfn ngh\u1ecb c\u00e1c c\u1ed5 phi\u1ebfu ng\u1eafn h\u1ea1n theo ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt nh\u01b0 VCK v\u00e0 HDG. \u0110\u1ed3ng th\u1eddi, c\u00e1c m\u00e3 nh\u01b0 BID v\u00e0 DGC ti\u1ebfp t\u1ee5c \u0111\u01b0\u1ee3c gi\u1eef trong danh s\u00e1ch theo d\u00f5i nh\u1edd tri\u1ec3n v\u1ecdng t\u0103ng tr\u01b0\u1edfng t\u00edch c\u1ef1c trong trung v\u00e0 d\u00e0i h\u1ea1n.\n<\/div>\n
\nBi\u00ean t\u1eadp: Ph\u1ed1 Wall (Theo ngu\u1ed3n g\u1ed1c)<\/i>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam \u0111ang b\u01b0\u1edbc v\u00e0o th\u00e1ng 4 v\u1edbi tr\u1ea1ng th\u00e1i \u0111an xen ph\u1ee9c t\u1ea1p gi\u1eefa nh\u1eefng c\u01a1 h\u1ed9i \u0111\u00e1ng gi\u00e1 v\u00e0 c\u00e1c y\u1ebfu t\u1ed1 r\u1ee7i ro ti\u1ec1m \u1ea9n. Trong b\u00e1o c\u00e1o m\u1edbi nh\u1ea5t, Ch\u1ee9ng kho\u00e1n Vietcap, m\u1ed9t trong nh\u1eefng \u0111\u1ecbnh ch\u1ebf t\u00e0i ch\u00ednh h\u00e0ng \u0111\u1ea7u t\u1ea1i Vi\u1ec7t Nam, \u0111\u00e3 \u0111\u01b0a ra […]<\/p>\n","protected":false},"author":1,"featured_media":2824,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[],"class_list":["post-2827","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-thi-truong-chung-khoan"],"_links":{"self":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts\/2827","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=2827"}],"version-history":[{"count":0,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts\/2827\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media\/2824"}],"wp:attachment":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media?parent=2827"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/categories?post=2827"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/tags?post=2827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}