{"id":2859,"date":"2026-04-07T00:29:59","date_gmt":"2026-04-06T17:29:59","guid":{"rendered":"https:\/\/taichinhphowall.com\/index.php\/2026\/04\/07\/hose-q1-2026-bien-dong-thi-phan-moi-gioi-he-lo-xu-huong-phan-hoa-cua-thi-truong-chung\/"},"modified":"2026-04-07T00:29:59","modified_gmt":"2026-04-06T17:29:59","slug":"hose-q1-2026-bien-dong-thi-phan-moi-gioi-he-lo-xu-huong-phan-hoa-cua-thi-truong-chung","status":"publish","type":"post","link":"https:\/\/taichinhphowall.com\/index.php\/2026\/04\/07\/hose-q1-2026-bien-dong-thi-phan-moi-gioi-he-lo-xu-huong-phan-hoa-cua-thi-truong-chung\/","title":{"rendered":"HoSE Q1\/2026: Bi\u1ebfn \u0110\u1ed9ng Th\u1ecb Ph\u1ea7n M\u00f4i Gi\u1edbi H\u00e9 L\u1ed9 Xu H\u01b0\u1edbng Ph\u00e2n H\u00f3a C\u1ee7a Th\u1ecb Tr\u01b0\u1eddng Chung"},"content":{"rendered":"
\n

S\u1edf Giao d\u1ecbch Ch\u1ee9ng kho\u00e1n TP.HCM (HoSE), trung t\u00e2m giao d\u1ecbch ch\u1ee9ng kho\u00e1n h\u00e0ng \u0111\u1ea7u Vi\u1ec7t Nam \u0111\u1eb7t t\u1ea1i Th\u00e0nh ph\u1ed1 H\u1ed3 Ch\u00ed Minh, v\u1eeba c\u00f4ng b\u1ed1 b\u1ee9c tranh th\u1ecb ph\u1ea7n m\u00f4i gi\u1edbi c\u1ed5 phi\u1ebfu, ch\u1ee9ng ch\u1ec9 qu\u1ef9 v\u00e0 ch\u1ee9ng quy\u1ec1n c\u00f3 b\u1ea3o \u0111\u1ea3m trong qu\u00fd 1\/2026. B\u00e1o c\u00e1o n\u00e0y kh\u00f4ng ch\u1ec9 ph\u1ea3n \u00e1nh n\u0103ng l\u1ef1c c\u1ea1nh tranh c\u1ee7a c\u00e1c c\u00f4ng ty ch\u1ee9ng kho\u00e1n m\u00e0 c\u00f2n cung c\u1ea5p nh\u1eefng t\u00edn hi\u1ec7u quan tr\u1ecdng v\u1ec1 s\u1ee9c kh\u1ecfe v\u00e0 xu h\u01b0\u1edbng c\u1ee7a th\u1ecb tr\u01b0\u1eddng chung.<\/p>\n

\"tin<\/p>\n

Theo s\u1ed1 li\u1ec7u t\u1eeb HoSE, Ch\u1ee9ng kho\u00e1n VPS ti\u1ebfp t\u1ee5c kh\u1eb3ng \u0111\u1ecbnh v\u1ecb th\u1ebf d\u1eabn \u0111\u1ea7u v\u1edbi th\u1ecb ph\u1ea7n m\u00f4i gi\u1edbi \u0111\u1ea1t 15,32% trong qu\u00fd \u0111\u1ea7u n\u0103m, t\u0103ng nh\u1eb9 so v\u1edbi m\u1ee9c 14,28% c\u1ee7a qu\u00fd 4\/2025. S\u1ef1 ph\u1ee5c h\u1ed3i n\u00e0y gi\u00fap VPS n\u1edbi r\u1ed9ng kho\u1ea3ng c\u00e1ch \u0111\u00e1ng k\u1ec3 v\u1edbi nh\u00f3m b\u00e1m \u0111u\u1ed5i, \u0111\u1eb7c bi\u1ec7t sau giai \u0111o\u1ea1n c\u00f3 d\u1ea5u hi\u1ec7u thu h\u1eb9p tr\u01b0\u1edbc \u0111\u00f3, cho th\u1ea5y kh\u1ea3 n\u0103ng duy tr\u00ec v\u00e0 ph\u00e1t tri\u1ec3n t\u1ec7p kh\u00e1ch h\u00e0ng c\u00e1 nh\u00e2n c\u1ee7a c\u00f4ng ty n\u00e0y.<\/p>\n

\u1ede v\u1ecb tr\u00ed th\u1ee9 hai, CTCP Ch\u1ee9ng kho\u00e1n SSI duy tr\u00ec th\u1ecb ph\u1ea7n 11,14%. Trong khi \u0111\u00f3, CTCP Ch\u1ee9ng kho\u00e1n K\u1ef9 Th\u01b0\u01a1ng (TCBS) gi\u1eef v\u1ecb tr\u00ed th\u1ee9 ba v\u1edbi 8,85%, ghi nh\u1eadn m\u1ee9c gi\u1ea3m nh\u1eb9 so v\u1edbi 9% c\u1ee7a qu\u00fd 4\/2025. M\u1eb7c d\u00f9 tr\u1eadt t\u1ef1 Top 3 kh\u00f4ng thay \u0111\u1ed5i, di\u1ec5n bi\u1ebfn th\u1ecb ph\u1ea7n cho th\u1ea5y xu h\u01b0\u1edbng ph\u00e2n h\u00f3a r\u00f5 r\u1ec7t: VPS ph\u1ee5c h\u1ed3i m\u1ea1nh m\u1ebd, trong khi SSI v\u00e0 TCBS c\u00f3 ph\u1ea7n ch\u1eefng l\u1ea1i sau chu\u1ed7i t\u0103ng tr\u01b0\u1edfng m\u1ea1nh tr\u01b0\u1edbc \u0111\u00f3. \u0110i\u1ec1u n\u00e0y c\u00f3 th\u1ec3 ph\u1ea3n \u00e1nh s\u1ef1 thay \u0111\u1ed5i trong chi\u1ebfn l\u01b0\u1ee3c, \u00e1p l\u1ef1c c\u1ea1nh tranh ho\u1eb7c s\u1ef1 d\u1ecbch chuy\u1ec3n d\u00f2ng ti\u1ec1n c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0.<\/p>\n

Nh\u00f3m c\u1ea1nh tranh ti\u1ebfp theo c\u0169ng ch\u1ee9ng ki\u1ebfn s\u1ef1 ho\u00e1n \u0111\u1ed5i th\u00fa v\u1ecb. Vietcap \u0111\u00e3 v\u01b0\u01a1n l\u00ean v\u1ecb tr\u00ed th\u1ee9 4 v\u1edbi th\u1ecb ph\u1ea7n 7,35%, v\u01b0\u1ee3t qua Ch\u1ee9ng kho\u00e1n HSC v\u1edbi 7,30%. Kho\u1ea3ng c\u00e1ch c\u1ef1c k\u1ef3 s\u00e1t sao (0,05%) cho th\u1ea5y cu\u1ed9c \u0111ua gi\u00e0nh v\u1ecb tr\u00ed trong nh\u00f3m d\u1eabn \u0111\u1ea7u v\u1eabn h\u1ebft s\u1ee9c gay c\u1ea5n. C\u00e1c v\u1ecb tr\u00ed c\u00f2n l\u1ea1i trong Top 10 kh\u00f4ng c\u00f3 nhi\u1ec1u bi\u1ebfn \u0111\u1ed9ng l\u1edbn: Ch\u1ee9ng kho\u00e1n MBS x\u1ebfp th\u1ee9 6 v\u1edbi 5,29%, theo sau l\u00e0 VNDirect v\u1edbi 4,78%. Nh\u00f3m cu\u1ed1i b\u1ea3ng g\u1ed3m KIS Vi\u1ec7t Nam (3,21%), VPBankS (2,94%) v\u00e0 VCBS v\u1edbi 2,87%.<\/p>\n

\u0110\u00e1ng ch\u00fa \u00fd, VPBankS v\u00e0 KIS \u0111\u1ec1u ghi nh\u1eadn th\u1ecb ph\u1ea7n suy gi\u1ea3m nh\u1eb9 so v\u1edbi qu\u00fd cu\u1ed1i n\u0103m ngo\u00e1i. Di\u1ec5n bi\u1ebfn n\u00e0y kh\u00f4ng ch\u1ec9 l\u00e0 c\u00e2u chuy\u1ec7n ri\u00eang c\u1ee7a t\u1eebng c\u00f4ng ty m\u00e0 c\u00f2n ph\u1ea3n \u00e1nh \u00e1p l\u1ef1c c\u1ea1nh tranh chung v\u00e0 b\u1ed1i c\u1ea3nh khi thanh kho\u1ea3n th\u1ecb tr\u01b0\u1eddng<\/a> c\u00f3 d\u1ea5u hi\u1ec7u ch\u1eefng l\u1ea1i \u0111\u1ea7u n\u0103m 2026. S\u1ef1 gi\u1ea3m s\u00fat thanh kho\u1ea3n c\u00f3 th\u1ec3 \u1ea3nh h\u01b0\u1edfng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn doanh thu ph\u00ed m\u00f4i gi\u1edbi, t\u1eeb \u0111\u00f3 t\u1ea1o \u00e1p l\u1ef1c l\u00ean th\u1ecb ph\u1ea7n c\u1ee7a c\u00e1c c\u00f4ng ty ch\u1ee9ng kho\u00e1n.<\/p>\n

V\u1edbi c\u1ea5u tr\u00fac th\u1ecb ph\u1ea7n hi\u1ec7n t\u1ea1i, Top 10 c\u00f4ng ty ch\u1ee9ng kho\u00e1n \u0111ang n\u1eafm gi\u1eef ph\u1ea7n l\u1edbn \u201cmi\u1ebfng b\u00e1nh\u201d m\u00f4i gi\u1edbi tr\u00ean HoSE v\u1edbi h\u01a1n 66%, kho\u1ea3ng 60 CTCK c\u00f2n l\u1ea1i chia nhau m\u1ea3ng th\u1ecb ph\u1ea7n ch\u01b0a t\u1edbi 31%. \u0110i\u1ec1u n\u00e0y cho th\u1ea5y m\u1ee9c \u0111\u1ed9 t\u1eadp trung cao trong ng\u00e0nh m\u00f4i gi\u1edbi ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam, n\u01a1i c\u00e1c c\u00f4ng ty l\u1edbn v\u1edbi ngu\u1ed3n l\u1ef1c m\u1ea1nh m\u1ebd v\u00e0 c\u00f4ng ngh\u1ec7 hi\u1ec7n \u0111\u1ea1i \u0111ang ti\u1ebfp t\u1ee5c c\u1ee7ng c\u1ed1 v\u1ecb th\u1ebf, t\u1ea1o ra r\u00e0o c\u1ea3n l\u1edbn cho c\u00e1c \u0111\u1ed1i th\u1ee7 nh\u1ecf h\u01a1n. S\u1ef1 ph\u00e2n h\u00f3a n\u00e0y d\u1ef1 ki\u1ebfn s\u1ebd ti\u1ebfp t\u1ee5c \u0111\u1ecbnh h\u00ecnh l\u1ea1i c\u1ee5c di\u1ec7n v\u00e0 chi\u1ebfn l\u01b0\u1ee3c c\u1ea1nh tranh c\u1ee7a c\u00e1c nh\u00e0 m\u00f4i gi\u1edbi trong c\u00e1c qu\u00fd t\u1edbi, \u0111\u1ed3ng th\u1eddi ph\u1ea3n \u00e1nh t\u00ednh ch\u1ecdn l\u1ecdc v\u00e0 th\u00e1ch th\u1ee9c c\u1ee7a th\u1ecb tr\u01b0\u1eddng chung.<\/p>\n

Bi\u00ean t\u1eadp: Ph\u1ed1 Wall (Theo ngu\u1ed3n g\u1ed1c)<\/i><\/div>\n","protected":false},"excerpt":{"rendered":"

S\u1edf Giao d\u1ecbch Ch\u1ee9ng kho\u00e1n TP.HCM (HoSE), trung t\u00e2m giao d\u1ecbch ch\u1ee9ng kho\u00e1n h\u00e0ng \u0111\u1ea7u Vi\u1ec7t Nam \u0111\u1eb7t t\u1ea1i Th\u00e0nh ph\u1ed1 H\u1ed3 Ch\u00ed Minh, v\u1eeba c\u00f4ng b\u1ed1 b\u1ee9c tranh th\u1ecb ph\u1ea7n m\u00f4i gi\u1edbi c\u1ed5 phi\u1ebfu, ch\u1ee9ng ch\u1ec9 qu\u1ef9 v\u00e0 ch\u1ee9ng quy\u1ec1n c\u00f3 b\u1ea3o \u0111\u1ea3m trong qu\u00fd 1\/2026. B\u00e1o c\u00e1o n\u00e0y kh\u00f4ng ch\u1ec9 ph\u1ea3n \u00e1nh n\u0103ng […]<\/p>\n","protected":false},"author":1,"featured_media":2856,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[],"class_list":["post-2859","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\/2859","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=2859"}],"version-history":[{"count":0,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts\/2859\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media\/2856"}],"wp:attachment":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media?parent=2859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/categories?post=2859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/tags?post=2859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}