{"id":2879,"date":"2026-04-07T00:34:27","date_gmt":"2026-04-06T17:34:27","guid":{"rendered":"https:\/\/taichinhphowall.com\/index.php\/2026\/04\/07\/thi-truong-chung-viet-nam-doi-mat-kich-ban-tieu-cuc-gia-dau-vuot-100-usd-fed-bat-dong-va-lai-suat-nhay-vot-de-doa-dinh-gia\/"},"modified":"2026-04-07T00:34:27","modified_gmt":"2026-04-06T17:34:27","slug":"thi-truong-chung-viet-nam-doi-mat-kich-ban-tieu-cuc-gia-dau-vuot-100-usd-fed-bat-dong-va-lai-suat-nhay-vot-de-doa-dinh-gia","status":"publish","type":"post","link":"https:\/\/taichinhphowall.com\/index.php\/2026\/04\/07\/thi-truong-chung-viet-nam-doi-mat-kich-ban-tieu-cuc-gia-dau-vuot-100-usd-fed-bat-dong-va-lai-suat-nhay-vot-de-doa-dinh-gia\/","title":{"rendered":"Th\u1ecb Tr\u01b0\u1eddng Chung Vi\u1ec7t Nam \u0110\u1ed1i M\u1eb7t “K\u1ecbch B\u1ea3n Ti\u00eau C\u1ef1c”: Gi\u00e1 D\u1ea7u V\u01b0\u1ee3t 100 USD, FED B\u1ea5t \u0110\u1ed9ng v\u00e0 L\u00e3i Su\u1ea5t Nh\u1ea3y V\u1ecdt \u0110e D\u1ecda \u0110\u1ecbnh Gi\u00e1"},"content":{"rendered":"
\n

Gi\u00e1 d\u1ea7u th\u1ebf gi\u1edbi \u0111\u00e3 ch\u00ednh th\u1ee9c ph\u00e1 v\u1ee1 ng\u01b0\u1ee1ng 100 USD\/th\u00f9ng, m\u1ed9t c\u1ed9t m\u1ed1c kh\u00f4ng ch\u1ec9 ph\u1ea3n \u00e1nh c\u0103ng th\u1eb3ng \u0111\u1ecba ch\u00ednh tr\u1ecb leo thang \u1edf Trung \u0110\u00f4ng m\u00e0 c\u00f2n g\u1eedi t\u00edn hi\u1ec7u c\u1ea3nh b\u00e1o m\u1ea1nh m\u1ebd \u0111\u1ebfn h\u1ec7 th\u1ed1ng t\u00e0i ch\u00ednh to\u00e0n c\u1ea7u. \u0110\u1ed1i v\u1edbi Vi\u1ec7t Nam, di\u1ec5n bi\u1ebfn n\u00e0y \u0111ang d\u1ec7t n\u00ean m\u1ed9t “k\u1ecbch b\u1ea3n ti\u00eau c\u1ef1c” \u0111\u01b0\u1ee3c c\u1ea3nh b\u00e1o b\u1edfi c\u00e1c chuy\u00ean gia, v\u1edbi \u00e1p l\u1ef1c l\u1ea1m ph\u00e1t v\u00e0 l\u00e3i su\u1ea5t gia t\u0103ng, \u0111e d\u1ecda tr\u1ef1c ti\u1ebfp \u0111\u1ebfn tri\u1ec3n v\u1ecdng th\u1ecb tr\u01b0\u1eddng chung.<\/p>\n

\"tin<\/p>\n

\u00d4ng B\u00f9i V\u0103n Huy, Ph\u00f3 Gi\u00e1m \u0111\u1ed1c FIDT \u2013 m\u1ed9t c\u00f4ng ty t\u01b0 v\u1ea5n \u0111\u1ea7u t\u01b0 uy t\u00edn t\u1ea1i Vi\u1ec7t Nam \u2013 \u0111\u00e3 ph\u00e2n t\u00edch s\u1eafc b\u00e9n r\u1eb1ng k\u1ecbch b\u1ea3n ti\u00eau c\u1ef1c \u0111ang d\u1ea7n hi\u1ec3n hi\u1ec7n khi gi\u00e1 d\u1ea7u Brent duy tr\u00ec tr\u00ean 80 USD\/th\u00f9ng, b\u00e1o hi\u1ec7u nguy c\u01a1 gi\u00e1n \u0111o\u1ea1n ngu\u1ed3n cung k\u00e9o d\u00e0i. \u0110i\u1ec1u n\u00e0y ch\u00e2m ng\u00f2i cho \u00e1p l\u1ef1c l\u1ea1m ph\u00e1t to\u00e0n c\u1ea7u, khi\u1ebfn C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang M\u1ef9 (Fed) bu\u1ed9c ph\u1ea3i tr\u00ec ho\u00e3n k\u1ebf ho\u1ea1ch c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t, th\u1eadm ch\u00ed c\u00f3 th\u1ec3 ph\u00e1t t\u00edn hi\u1ec7u th\u1eaft ch\u1eb7t. H\u1eadu qu\u1ea3 tr\u1ef1c ti\u1ebfp l\u00e0 \u0111\u1ed3ng USD m\u1ea1nh l\u00ean, v\u1edbi ch\u1ec9 s\u1ed1 DXY (Dollar Index) v\u01b0\u1ee3t m\u1ed1c 100, t\u1ea1o g\u00e1nh n\u1eb7ng l\u1edbn l\u00ean c\u00e1c th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i.<\/p>\n

T\u1ea1i Vi\u1ec7t Nam, \u00e1p l\u1ef1c t\u1ef7 gi\u00e1 USD\/VND gia t\u0103ng r\u00f5 r\u1ec7t, \u0111\u1ea9y m\u1eb7t b\u1eb1ng l\u00e3i su\u1ea5t huy \u0111\u1ed9ng c\u00f3 th\u1ec3 l\u00ean t\u1edbi 7-8%. L\u1ea1m ph\u00e1t trong n\u01b0\u1edbc \u0111\u1ee9ng tr\u01b0\u1edbc nguy c\u01a1 b\u00f9ng ph\u00e1t tr\u1edf l\u1ea1i, \u0111\u1ed3ng th\u1eddi k\u00ecm h\u00e3m t\u0103ng tr\u01b0\u1edfng GDP, d\u1ef1 b\u00e1o c\u00f3 th\u1ec3 suy gi\u1ea3m xu\u1ed1ng d\u01b0\u1edbi 8% n\u1ebfu \u0111i\u1ec1u ki\u1ec7n t\u00e0i ch\u00ednh ti\u1ebfp t\u1ee5c th\u1eaft ch\u1eb7t.<\/p>\n

Trong b\u1ed1i c\u1ea3nh n\u00e0y, c\u00e1c l\u1edbp t\u00e0i s\u1ea3n r\u1ee7i ro nh\u01b0 c\u1ed5 phi\u1ebfu v\u00e0 b\u1ea5t \u0111\u1ed9ng s\u1ea3n \u0111\u01b0\u1ee3c d\u1ef1 b\u00e1o ch\u1ecbu t\u00e1c \u0111\u1ed9ng ti\u00eau c\u1ef1c, \u0111\u1eb7c bi\u1ec7t khi chi ph\u00ed v\u1ed1n t\u0103ng cao v\u00e0 tri\u1ec3n v\u1ecdng t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf k\u00e9m l\u1ea1c quan. Ng\u01b0\u1ee3c l\u1ea1i, v\u00e0ng v\u00e0 c\u00e1c k\u00eanh tr\u00fa \u1ea9n truy\u1ec1n th\u1ed1ng tr\u1edf th\u00e0nh \u0111i\u1ec3m s\u00e1ng, c\u00f9ng v\u1edbi tr\u00e1i phi\u1ebfu v\u00e0 ti\u1ec1n g\u1eedi khi l\u00e3i su\u1ea5t h\u1ea5p d\u1eabn h\u01a1n v\u00e0 r\u1ee7i ro th\u1ea5p h\u01a1n.<\/p>\n

S\u1ef1 thay \u0111\u1ed5i n\u00e0y c\u0169ng l\u00e0m lung lay c\u00e1c y\u1ebfu t\u1ed1 n\u1ec1n t\u1ea3ng c\u1ee7a th\u1ecb tr\u01b0\u1eddng, v\u1ed1n t\u1eebng k\u1ef3 v\u1ecdng thanh kho\u1ea3n \u1ed5n \u0111\u1ecbnh v\u00e0 l\u00e3i su\u1ea5t n\u1edbi l\u1ecfng t\u1eeb \u0111\u1ea7u qu\u00fd II\/2026. Th\u1ef1c t\u1ebf l\u1ea1i cho th\u1ea5y \u00e1p l\u1ef1c l\u1ea1m ph\u00e1t v\u00e0 t\u1ef7 gi\u00e1 quay tr\u1edf l\u1ea1i, bu\u1ed9c Ng\u00e2n h\u00e0ng Nh\u00e0 n\u01b0\u1edbc ph\u1ea3i h\u00fat b\u1edbt thanh kho\u1ea3n, \u0111\u1ea9y l\u00e3i su\u1ea5t li\u00ean ng\u00e2n h\u00e0ng c\u00f3 th\u1eddi \u0111i\u1ec3m l\u00ean quanh 11%. \u0110i\u1ec1u n\u00e0y cho th\u1ea5y h\u1ec7 th\u1ed1ng kh\u00f4ng c\u00f2n d\u1ed3i d\u00e0o nh\u01b0 d\u1ef1 ki\u1ebfn, v\u00e0 qu\u00e1 tr\u00ecnh h\u1ea1 nhi\u1ec7t th\u1ecb tr\u01b0\u1eddng c\u00f3 th\u1ec3 k\u00e9o d\u00e0i h\u01a1n.<\/p>\n

Tri\u1ec3n v\u1ecdng l\u1ee3i nhu\u1eadn doanh nghi\u1ec7p c\u0169ng k\u00e9m t\u00edch c\u1ef1c h\u01a1n. M\u1eb7c d\u00f9 k\u1ef3 v\u1ecdng t\u0103ng tr\u01b0\u1edfng l\u1ee3i nhu\u1eadn to\u00e0n th\u1ecb tr\u01b0\u1eddng n\u0103m 2026 v\u1eabn \u1edf m\u1ee9c 14%, nh\u01b0ng con s\u1ed1 n\u00e0y \u0111ang \u0111\u1ed1i m\u1eb7t v\u1edbi \u00e1p l\u1ef1c \u0111i\u1ec1u ch\u1ec9nh \u0111\u00e1ng k\u1ec3 khi m\u00f4i tr\u01b0\u1eddng v\u0129 m\u00f4 x\u1ea5u \u0111i.<\/p>\n

V\u1ec1 \u0111\u1ecbnh gi\u00e1, sau nh\u1ecbp \u0111i\u1ec1u ch\u1ec9nh, th\u1ecb tr\u01b0\u1eddng chung hi\u1ec7n giao d\u1ecbch quanh v\u00f9ng 1.680 \u0111i\u1ec3m, gi\u1ea3m kho\u1ea3ng 6% so v\u1edbi \u0111\u1ea7u n\u0103m. M\u1eb7t b\u1eb1ng P\/E d\u1ef1 ph\u00f3ng n\u0103m 2026 kho\u1ea3ng 13-14 l\u1ea7n, th\u1ea5p h\u01a1n m\u1ee9c trung b\u00ecnh 10 n\u0103m, v\u00e0 h\u1ec7 s\u1ed1 P\/B quanh 1,97 l\u1ea7n, ti\u1ec7m c\u1eadn v\u00f9ng trung b\u00ecnh d\u00e0i h\u1ea1n. D\u00f9 d\u1eef li\u1ec7u n\u00e0y cho th\u1ea5y th\u1ecb tr\u01b0\u1eddng “kh\u00f4ng c\u00f2n qu\u00e1 r\u1ebb nh\u01b0ng v\u1eabn \u0111\u1ee7 h\u1ea5p d\u1eabn” cho t\u1ea7m nh\u00ecn d\u00e0i h\u1ea1n, nh\u01b0ng s\u1ef1 gia t\u0103ng c\u1ee7a l\u00e3i su\u1ea5t \u0111ang thu h\u1eb9p d\u01b0 \u0111\u1ecba duy tr\u00ec c\u00e1c m\u1ee9c \u0111\u1ecbnh gi\u00e1 n\u00e0y. C\u00e1c ng\u00e0nh nh\u01b0 ng\u00e2n h\u00e0ng, b\u1ea5t \u0111\u1ed9ng s\u1ea3n khu c\u00f4ng nghi\u1ec7p, b\u00e1n l\u1ebb, x\u00e2y d\u1ef1ng \u0111\u01b0\u1ee3c \u0111\u00e1nh gi\u00e1 c\u00f3 \u0111\u1ecbnh gi\u00e1 h\u1ee3p l\u00fd, trong khi nh\u00f3m d\u1ea7u kh\u00ed \u0111\u00e3 ph\u1ea7n n\u00e0o ph\u1ea3n \u00e1nh k\u1ef3 v\u1ecdng t\u0103ng tr\u01b0\u1edfng v\u00e0o gi\u00e1.<\/p>\n

Nh\u00ecn chung, d\u00f9 \u0111\u1ecbnh gi\u00e1 th\u1ecb tr\u01b0\u1eddng v\u1eabn c\u00f3 nh\u1eefng \u0111i\u1ec3m h\u1ea5p d\u1eabn, nh\u01b0ng s\u1ef1 k\u1ebft h\u1ee3p gi\u1eefa l\u00e3i su\u1ea5t t\u0103ng tr\u1edf l\u1ea1i, \u00e1p l\u1ef1c l\u1ea1m ph\u00e1t v\u00e0 r\u1ee7i ro v\u0129 m\u00f4 \u0111ang t\u1ea1o n\u00ean m\u1ed9t tri\u1ec3n v\u1ecdng th\u1eadn tr\u1ecdng. S\u1ef1 ph\u00e2n h\u00f3a gi\u1eefa c\u00e1c nh\u00f3m ng\u00e0nh s\u1ebd r\u00f5 n\u00e9t h\u01a1n, \u0111\u00f2i h\u1ecfi d\u00f2ng ti\u1ec1n ch\u1ecdn l\u1ecdc thay v\u00ec lan t\u1ecfa. Trong b\u1ed1i c\u1ea3nh n\u00e0y, vi\u1ec7c duy tr\u00ec ni\u1ec1m tin th\u1ecb tr\u01b0\u1eddng<\/a> v\u00e0 \u0111\u00e1nh gi\u00e1 k\u1ef9 l\u01b0\u1ee1ng c\u00e1c r\u1ee7i ro ph\u00e1p l\u00fd ti\u1ec1m \u1ea9n tr\u1edf n\u00ean c\u1ef1c k\u1ef3 quan tr\u1ecdng.<\/p>\n

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

Gi\u00e1 d\u1ea7u th\u1ebf gi\u1edbi \u0111\u00e3 ch\u00ednh th\u1ee9c ph\u00e1 v\u1ee1 ng\u01b0\u1ee1ng 100 USD\/th\u00f9ng, m\u1ed9t c\u1ed9t m\u1ed1c kh\u00f4ng ch\u1ec9 ph\u1ea3n \u00e1nh c\u0103ng th\u1eb3ng \u0111\u1ecba ch\u00ednh tr\u1ecb leo thang \u1edf Trung \u0110\u00f4ng m\u00e0 c\u00f2n g\u1eedi t\u00edn hi\u1ec7u c\u1ea3nh b\u00e1o m\u1ea1nh m\u1ebd \u0111\u1ebfn h\u1ec7 th\u1ed1ng t\u00e0i ch\u00ednh to\u00e0n c\u1ea7u. \u0110\u1ed1i v\u1edbi Vi\u1ec7t Nam, di\u1ec5n bi\u1ebfn n\u00e0y \u0111ang d\u1ec7t n\u00ean […]<\/p>\n","protected":false},"author":1,"featured_media":2875,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[],"class_list":["post-2879","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\/2879","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=2879"}],"version-history":[{"count":0,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts\/2879\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media\/2875"}],"wp:attachment":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media?parent=2879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/categories?post=2879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/tags?post=2879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}