{"id":14052,"date":"2025-08-13T10:09:22","date_gmt":"2025-08-13T03:09:22","guid":{"rendered":"https:\/\/www.phfm.vn\/?p=14052"},"modified":"2025-08-13T10:10:45","modified_gmt":"2025-08-13T03:10:45","slug":"the-trend-of-foreign-capital-inflows-to-vietnam-will-last","status":"publish","type":"post","link":"https:\/\/www.phfm.vn\/vi\/the-trend-of-foreign-capital-inflows-to-vietnam-will-last\/","title":{"rendered":"XU H\u01af\u1edaNG D\u00d2NG V\u1ed0N NGO\u1ea0I V\u1ec0 VI\u1ec6T NAM S\u1ebc K\u00c9O D\u00c0I"},"content":{"rendered":"<img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-14053\" src=\"https:\/\/www.phfm.vn\/wp-content\/uploads\/z6898619054393_f8bb5e7a6bd8a4f4b6b63ab018af3e96.jpg\" alt=\"\" width=\"600\" height=\"338\" srcset=\"https:\/\/www.phfm.vn\/wp-content\/uploads\/z6898619054393_f8bb5e7a6bd8a4f4b6b63ab018af3e96.jpg 2560w, https:\/\/www.phfm.vn\/wp-content\/uploads\/z6898619054393_f8bb5e7a6bd8a4f4b6b63ab018af3e96-768x432.jpg 768w, https:\/\/www.phfm.vn\/wp-content\/uploads\/z6898619054393_f8bb5e7a6bd8a4f4b6b63ab018af3e96-1536x864.jpg 1536w, https:\/\/www.phfm.vn\/wp-content\/uploads\/z6898619054393_f8bb5e7a6bd8a4f4b6b63ab018af3e96-2048x1152.jpg 2048w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/p>\n<p style=\"line-height: 19.5pt; margin: 0cm 0cm 18.0pt 0cm;\"><b><span style=\"font-size: 13.0pt; font-family: 'Inter',serif; color: #292929;\">D\u00f2ng ti\u1ec1n to\u00e0n c\u1ea7u\u00a0\u0111ang\u00a0c\u00f3 s\u1ef1 d\u1ecbch chuy\u1ec3n<\/span><\/b><\/p>\n<p style=\"line-height: 19.5pt; -webkit-font-smoothing: antialiased; text-rendering: geometricprecision; box-sizing: border-box; margin: 0cm 0cm 18.0pt 0cm;\"><span style=\"font-size: 13.0pt; font-family: 'Inter',serif; color: #292929;\">Trong b\u1ed1i c\u1ea3nh c\u00e1c th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n to\u00e0n c\u1ea7u li\u00ean t\u1ee5c c\u00f3 nh\u1eefng bi\u1ebfn \u0111\u1ed9ng, \u0111\u1eb7c bi\u1ec7t l\u00e0 nh\u1eefng th\u1ecb tr\u01b0\u1eddng b\u1ecb \u1ea3nh h\u01b0\u1edfng nhi\u1ec1u b\u1edfi ch\u00ednh s\u00e1ch thu\u1ebf quan c\u1ee7a T\u1ed5ng th\u1ed1ng M\u1ef9 Donald Trump, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u00e3 v\u00e0 \u0111ang ch\u1ee9ng ki\u1ebfn d\u00f2ng ti\u1ec1n to\u00e0n c\u1ea7u c\u00f3 s\u1ef1 d\u1ecbch chuy\u1ec3n sau m\u1ed9t th\u1eddi gian d\u00e0i d\u1ed3n v\u1ec1 th\u1ecb tr\u01b0\u1eddng M\u1ef9. C\u00e1c d\u1eef li\u1ec7u cho th\u1ea5y, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 to\u00e0n c\u1ea7u hi\u1ec7n \u0111ang c\u00f3 xu h\u01b0\u1edbng t\u00e1i c\u01a1 c\u1ea5u l\u1ea1i danh m\u1ee5c, \u0111\u1eb7c bi\u1ec7t xu h\u01b0\u1edbng mua r\u00f2ng \u1edf c\u00e1c th\u1ecb tr\u01b0\u1eddng ch\u00e2u \u00c1 b\u1eaft \u0111\u1ea7u quay tr\u1edf l\u1ea1i. Trong khi \u0111\u00f3, t\u1ea1i th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam, nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i c\u0169ng b\u1eaft \u0111\u1ea7u mua r\u00f2ng tr\u1edf l\u1ea1i nhi\u1ec1u h\u01a1n t\u1eeb th\u00e1ng 7 v\u00e0 \u0111\u01b0\u1ee3c k\u1ef3 v\u1ecdng c\u1ea3i thi\u1ec7n trong th\u1eddi gian t\u1edbi. C\u00e1c \u0111\u1ed9ng th\u00e1i c\u01a1 c\u1ea5u l\u1ea1i d\u00f2ng ti\u1ec1n c\u1ee7a c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 to\u00e0n c\u1ea7u c\u00f3 ph\u1ea3i l\u00e0 m\u1ed9t d\u1ea5u hi\u1ec7u cho th\u1ea5y \u0111\u00e3 \u0111\u1ebfn l\u00fac d\u00f2ng ti\u1ec1n to\u00e0n c\u1ea7u chuy\u1ec3n h\u01b0\u1edbng, \u0111\u1ed5 v\u1ec1 c\u00e1c th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i trong t\u01b0\u01a1ng lai?<\/span><\/p>\n<p style=\"line-height: 19.5pt; -webkit-font-smoothing: antialiased; text-rendering: geometricprecision; box-sizing: border-box; margin: 0cm 0cm 18.0pt 0cm;\"><span style=\"font-size: 13.0pt; font-family: 'Inter',serif; color: #292929;\"><img decoding=\"async\" loading=\"lazy\" class=\"alignleft wp-image-14054\" src=\"https:\/\/www.phfm.vn\/wp-content\/uploads\/z6895151027314_7fe3ec0e6e904375a39beda253365576.jpg\" alt=\"\" width=\"313\" height=\"431\" srcset=\"https:\/\/www.phfm.vn\/wp-content\/uploads\/z6895151027314_7fe3ec0e6e904375a39beda253365576.jpg 1860w, https:\/\/www.phfm.vn\/wp-content\/uploads\/z6895151027314_7fe3ec0e6e904375a39beda253365576-768x1057.jpg 768w, https:\/\/www.phfm.vn\/wp-content\/uploads\/z6895151027314_7fe3ec0e6e904375a39beda253365576-1116x1536.jpg 1116w, https:\/\/www.phfm.vn\/wp-content\/uploads\/z6895151027314_7fe3ec0e6e904375a39beda253365576-1488x2048.jpg 1488w\" sizes=\"(max-width: 313px) 100vw, 313px\" \/>T\u1ea1i\u00a0<i style=\"-webkit-font-smoothing: antialiased; text-rendering: geometricprecision; box-sizing: border-box;\">Talk show Ph\u1ed1 T\u00e0i ch\u00ednh (The Finance Street) tr\u00ean VTV8<\/i>, \u00f4ng Ph\u00f9ng Minh Ho\u00e0ng, Gi\u00e1m \u0111\u1ed1c Chi\u1ebfn l\u01b0\u1ee3c C\u00f4ng ty CP Qu\u1ea3n l\u00fd Qu\u1ef9 Ph\u00fa H\u01b0ng (PHFM) nh\u1eadn \u0111\u1ecbnh: &#8220;Tr\u01b0\u1edbc ti\u00ean, ch\u00fang ta h\u00e3y nh\u00ecn l\u1ea1i l\u1ecbch s\u1eed trong 5 n\u0103m hay 6 n\u0103m qua, d\u00f2ng ti\u1ec1n \u0111\u1ea7u t\u01b0 ch\u1ee9ng kho\u00e1n to\u00e0n c\u1ea7u c\u00f3 xu h\u01b0\u1edbng r\u00fat kh\u1ecfi c\u00e1c th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i \u0111\u1ec3 quay l\u1ea1i c\u00e1c th\u1ecb tr\u01b0\u1eddng ph\u00e1t tri\u1ec3n, \u0111\u1eb7c bi\u1ec7t l\u00e0 \u0111\u1ed5 d\u1ed3n v\u1ec1 th\u1ecb tr\u01b0\u1eddng M\u1ef9. Nguy\u00ean nh\u00e2n gi\u1ea3i th\u00edch cho \u0111i\u1ec1u n\u00e0y l\u00e0 do t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf c\u1ee7a Trung Qu\u1ed1c, th\u1ecb tr\u01b0\u1eddng chi\u1ebfm t\u1ef7 tr\u1ecdng l\u1edbn nh\u1ea5t trong r\u1ed5 c\u00e1c th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i \u0111\u00e3 gi\u1ea3m t\u1ed1c v\u00e0 xu h\u01b0\u1edbng m\u1ea1nh l\u00ean c\u1ee7a \u0111\u1ed3ng USD trong nh\u1eefng n\u0103m qua. V\u00ec v\u1eady, c\u00e1c th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n m\u1edbi n\u1ed5i \u0111\u00e3 c\u00f3 hi\u1ec7u qu\u1ea3 k\u00e9m h\u01a1n so v\u1edbi c\u00e1c th\u1ecb tr\u01b0\u1eddng ph\u00e1t tri\u1ec3n trong nh\u1eefng n\u0103m \u0111\u00f3.<\/span><\/p>\n<p style=\"line-height: 19.5pt; -webkit-font-smoothing: antialiased; text-rendering: geometricprecision; box-sizing: border-box; margin: 0cm 0cm 18.0pt 0cm;\"><span style=\"font-size: 13.0pt; font-family: 'Inter',serif; color: #292929;\">Tuy nhi\u00ean, d\u00f2ng ti\u1ec1n \u0111\u1ea7u t\u01b0 ch\u1ee9ng kho\u00e1n to\u00e0n c\u1ea7u \u0111ang c\u00f3 d\u1ea5u hi\u1ec7u \u0111\u1ea3o chi\u1ec1u. Theo quan s\u00e1t c\u1ee7a ch\u00fang t\u00f4i, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i c\u00f3 xu h\u01b0\u1edbng b\u00e1n r\u00f2ng \u1edf c\u00e1c th\u1ecb tr\u01b0\u1eddng ph\u00e1t tri\u1ec3n nh\u01b0 M\u1ef9 v\u00e0 quay tr\u1edf l\u1ea1i c\u00e1c th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i, \u0111\u1eb7c bi\u1ec7t l\u00e0 Trung Qu\u1ed1c. D\u00f2ng ti\u1ec1n n\u00e0y c\u0169ng c\u00f3 xu h\u01b0\u1edbng lan t\u1ecfa sang c\u00e1c th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i kh\u00e1c nh\u01b0 \u0110\u00e0i Loan (Trung Qu\u1ed1c), \u1ea4n \u0110\u1ed9 v\u00e0 c\u00e1c qu\u1ed1c gia \u0110\u00f4ng Nam \u00c1 kh\u00e1c. Xu h\u01b0\u1edbng n\u00e0y tr\u1edf n\u00ean r\u00f5 n\u00e9t h\u01a1n trong 1 &#8211; 2 th\u00e1ng g\u1ea7n \u0111\u00e2y, sau khi Trung Qu\u1ed1c v\u00e0 Vi\u1ec7t Nam \u0111\u1ea1t \u0111\u01b0\u1ee3c th\u1ecfa thu\u1eadn th\u01b0\u01a1ng m\u1ea1i s\u01a1 b\u1ed9 v\u1edbi M\u1ef9. C\u00e1c t\u1ed5 ch\u1ee9c t\u00e0i ch\u00ednh l\u1edbn tr\u00ean th\u1ebf gi\u1edbi nh\u01b0 Goldman Sachs v\u00e0 JP Morgan c\u0169ng v\u1eeba n\u00e2ng khuy\u1ebfn ngh\u1ecb t\u0103ng t\u1ef7 tr\u1ecdng \u0111\u1ea7u t\u01b0 v\u00e0 c\u00f3 quan \u0111i\u1ec3m t\u00edch c\u1ef1c \u0111\u1ed1i v\u1edbi c\u00e1c th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i, trong \u0111\u00f3 bao g\u1ed3m c\u1ea3 th\u1ecb tr\u01b0\u1eddng Vi\u1ec7t Nam&#8221;.<\/span><\/p>\n<p style=\"line-height: 19.5pt; -webkit-font-smoothing: antialiased; text-rendering: geometricprecision; box-sizing: border-box; margin: 0cm 0cm 18.0pt 0cm;\"><span style=\"font-size: 13.0pt; font-family: 'Inter',serif; color: #292929;\">Theo Gi\u00e1m \u0111\u1ed1c Chi\u1ebfn l\u01b0\u1ee3c C\u00f4ng ty CP Qu\u1ea3n l\u00fd Qu\u1ef9 Ph\u00fa H\u01b0ng (PHFM), \u0111\u1ec3 gi\u1ea3i th\u00edch cho s\u1ef1 thay \u0111\u1ed5i mang t\u00ednh c\u1ea5u tr\u00fac n\u00e0y c\u1ee7a d\u00f2ng ti\u1ec1n \u0111\u1ea7u t\u01b0 c\u1ed5 phi\u1ebfu to\u00e0n c\u1ea7u, c\u00f3 3 l\u00fd do ch\u00ednh:<\/span><\/p>\n<p style=\"line-height: 19.5pt; -webkit-font-smoothing: antialiased; text-rendering: geometricprecision; box-sizing: border-box; margin: 0cm 0cm 18.0pt 0cm;\"><i style=\"-webkit-font-smoothing: antialiased; text-rendering: geometricprecision; box-sizing: border-box;\"><span style=\"font-size: 13.0pt; font-family: 'Inter',serif; color: #292929;\">Th\u1ee9 nh\u1ea5t,<\/span><\/i><span style=\"font-size: 13.0pt; font-family: 'Inter',serif; color: #292929;\">\u00a0x\u00e9t v\u1ec1 \u0111\u1ecbnh gi\u00e1, th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i hi\u1ec7n c\u00f3 m\u1ee9c P\/E d\u1ef1 ph\u00f3ng ch\u1ec9 tr\u00ean 12 l\u1ea7n, th\u1ea5p h\u01a1n r\u00f5 r\u1ec7t so v\u1edbi kho\u1ea3ng 19 l\u1ea7n \u1edf c\u00e1c th\u1ecb tr\u01b0\u1eddng ph\u00e1t tri\u1ec3n.<\/span><\/p>\n<p style=\"line-height: 19.5pt; -webkit-font-smoothing: antialiased; text-rendering: geometricprecision; box-sizing: border-box; margin: 0cm 0cm 18.0pt 0cm;\"><i style=\"-webkit-font-smoothing: antialiased; text-rendering: geometricprecision; box-sizing: border-box;\"><span style=\"font-size: 13.0pt; font-family: 'Inter',serif; color: #292929;\">Th\u1ee9 hai,\u00a0<\/span><\/i><span style=\"font-size: 13.0pt; font-family: 'Inter',serif; color: #292929;\">x\u00e9t v\u1ec1 tri\u1ec3n v\u1ecdng t\u0103ng tr\u01b0\u1edfng, c\u00e1c th\u1ecb tr\u01b0\u1eddng ph\u00e1t tri\u1ec3n v\u00e0 c\u1ee5 th\u1ec3 l\u00e0 M\u1ef9, tri\u1ec3n v\u1ecdng kinh t\u1ebf ng\u1eafn h\u1ea1n kh\u00f4ng m\u1ea5y t\u00edch c\u1ef1c do lo ng\u1ea1i r\u1ee7i ro t\u1eeb ch\u00ednh s\u00e1ch thu\u1ebf quan \u0111\u01b0\u1ee3c \u00e1p b\u1edfi T\u1ed5ng th\u1ed1ng Donald Trump, c\u0169ng nh\u01b0 s\u1ef1 s\u1ee5t gi\u1ea3m trong k\u1ef3 v\u1ecdng v\u1ec1 l\u1ee3i nhu\u1eadn c\u1ee7a c\u00e1c c\u00f4ng ty ni\u00eam y\u1ebft trong ng\u00e0nh AI v\u00e0 c\u00f4ng ngh\u1ec7. Khi th\u1ecb tr\u01b0\u1eddng nh\u1eadn ra r\u1eb1ng M\u1ef9 kh\u00f3 c\u00f3 th\u1ec3 \u0111\u1ed9c quy\u1ec1n trong l\u0129nh v\u1ef1c n\u00e0y v\u00e0 c\u00f3 nguy c\u01a1 \u0111\u1ed1i m\u1eb7t v\u1edbi s\u1ef1 c\u1ea1nh tranh m\u1ea1nh m\u1ebd t\u1eeb Trung Qu\u1ed1c, \u0111\u1eb7c bi\u1ec7t sau s\u1ef1 ki\u1ec7n ra m\u1eaft DeepSeek.<\/span><\/p>\n<p style=\"line-height: 19.5pt; -webkit-font-smoothing: antialiased; text-rendering: geometricprecision; box-sizing: border-box; margin: 0cm 0cm 18.0pt 0cm;\"><i style=\"-webkit-font-smoothing: antialiased; text-rendering: geometricprecision; box-sizing: border-box;\"><span style=\"font-size: 13.0pt; font-family: 'Inter',serif; color: #292929;\">Y\u1ebfu t\u1ed1 th\u1ee9 ba<\/span><\/i><span style=\"font-size: 13.0pt; font-family: 'Inter',serif; color: #292929;\">\u00a0th\u00fac \u0111\u1ea9y d\u00f2ng ti\u1ec1n chuy\u1ec3n h\u01b0\u1edbng m\u1ea1nh m\u1ebd l\u00e0 s\u1ef1 suy y\u1ebfu c\u1ee7a \u0111\u1ed3ng USD &#8211; y\u1ebfu t\u1ed1 c\u00f3 t\u00e1c \u0111\u1ed9ng l\u1edbn nh\u1ea5t. Hi\u1ec7n, ch\u1ec9 s\u1ed1 DXY \u0111\u00e3 gi\u1ea3m h\u01a1n 10% trong n\u1eeda \u0111\u1ea7u n\u0103m &#8211; m\u1ee9c gi\u1ea3m s\u00e2u nh\u1ea5t trong nhi\u1ec1u th\u1eadp k\u1ef7 qua. Khi \u0111\u1ed3ng USD m\u1ea5t gi\u00e1 m\u1ea1nh, c\u00e1c kho\u1ea3n \u0111\u1ea7u t\u01b0 v\u00e0 t\u00e0i s\u1ea3n t\u1ea1i M\u1ef9 c\u0169ng gi\u1ea3m gi\u00e1 tr\u1ecb khi quy \u0111\u1ed5i sang c\u00e1c \u0111\u1ed3ng ti\u1ec1n kh\u00e1c. V\u00ec v\u1eady, c\u00e1c qu\u1ef9 \u0111\u1ea7u t\u01b0 l\u1edbn to\u00e0n c\u1ea7u \u0111\u00e3 ph\u1ea3i t\u00e1i c\u1ea5u tr\u00fac danh m\u1ee5c t\u00e0i s\u1ea3n c\u1ee7a m\u00ecnh t\u1ea1i M\u1ef9, bao g\u1ed3m vi\u1ec7c b\u00e1n b\u1edbt c\u1ed5 phi\u1ebfu M\u1ef9 \u0111\u1ec3 gi\u1ea3m thi\u1ec3u r\u1ee7i ro n\u00e0y. \u0110\u1ed3ng th\u1eddi, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 gia t\u0103ng mua v\u00e0o c\u00e1c lo\u1ea1i t\u00e0i s\u1ea3n t\u1ea1i c\u00e1c qu\u1ed1c gia kh\u00e1c, trong \u0111\u00f3 c\u00f3 c\u00e1c th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n m\u1edbi n\u1ed5i v\u1edbi m\u1ee9c \u0111\u1ecbnh gi\u00e1 h\u1ea5p d\u1eabn h\u01a1n.<\/span><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-14055\" src=\"https:\/\/www.phfm.vn\/wp-content\/uploads\/z6895151027310_7371d7ca6098eb3ce46bf122eec5d1a5.jpg\" alt=\"\" width=\"400\" height=\"400\" srcset=\"https:\/\/www.phfm.vn\/wp-content\/uploads\/z6895151027310_7371d7ca6098eb3ce46bf122eec5d1a5.jpg 2250w, https:\/\/www.phfm.vn\/wp-content\/uploads\/z6895151027310_7371d7ca6098eb3ce46bf122eec5d1a5-768x768.jpg 768w, https:\/\/www.phfm.vn\/wp-content\/uploads\/z6895151027310_7371d7ca6098eb3ce46bf122eec5d1a5-1536x1536.jpg 1536w, https:\/\/www.phfm.vn\/wp-content\/uploads\/z6895151027310_7371d7ca6098eb3ce46bf122eec5d1a5-2048x2048.jpg 2048w\" sizes=\"(max-width: 400px) 100vw, 400px\" \/><\/p>\n<p style=\"line-height: 19.5pt; -webkit-font-smoothing: antialiased; text-rendering: geometricprecision; box-sizing: border-box; margin: 0cm 0cm 18.0pt 0cm;\"><span style=\"font-size: 13.0pt; font-family: 'Inter',serif; color: #292929;\">&#8220;V\u1edbi ba l\u00fd do \u0111\u00e3 n\u00eau, nh\u1eefng \u0111\u1ed9ng l\u1ef1c th\u00fac \u0111\u1ea9y d\u00f2ng ti\u1ec1n b\u00e1n r\u00f2ng t\u1eeb c\u00e1c th\u1ecb tr\u01b0\u1eddng ph\u00e1t tri\u1ec3n nh\u01b0 M\u1ef9 sang c\u00e1c th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i mang t\u00ednh c\u1ea5u tr\u00fac v\u00e0 c\u00f3 \u1ea3nh h\u01b0\u1edfng trung h\u1ea1n. Do \u0111\u00f3, t\u00f4i cho r\u1eb1ng xu h\u01b0\u1edbng b\u00e1n r\u00f2ng c\u00e1c t\u00e0i s\u1ea3n t\u1ea1i M\u1ef9, bao g\u1ed3m c\u1ed5 phi\u1ebfu, \u0111\u1ec3 chuy\u1ec3n sang c\u00e1c th\u1ecb tr\u01b0\u1eddng kh\u00e1c, \u0111\u1eb7c bi\u1ec7t l\u00e0 th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n m\u1edbi n\u1ed5i v\u00e0 c\u1eadn bi\u00ean, s\u1ebd ti\u1ebfp t\u1ee5c di\u1ec5n ra trong th\u1eddi gian t\u1edbi.<\/span><\/p>\n<p style=\"line-height: 19.5pt; -webkit-font-smoothing: antialiased; text-rendering: geometricprecision; box-sizing: border-box; margin: 0cm 0cm 18.0pt 0cm;\"><span style=\"font-size: 13.0pt; font-family: 'Inter',serif; color: #292929;\">Tuy nhi\u00ean, m\u1ee9c \u0111\u1ed9 m\u1ea1nh hay y\u1ebfu c\u1ee7a xu h\u01b0\u1edbng n\u00e0y c\u00f2n ph\u1ee5 thu\u1ed9c nhi\u1ec1u v\u00e0o ch\u00ednh s\u00e1ch th\u01b0\u01a1ng m\u1ea1i c\u00f2n nhi\u1ec1u b\u1ea5t \u0111\u1ecbnh c\u1ee7a ch\u00ednh quy\u1ec1n \u00f4ng Trump, k\u1ebft qu\u1ea3 c\u00e1c th\u1ecfa thu\u1eadn th\u01b0\u01a1ng m\u1ea1i gi\u1eefa M\u1ef9 v\u00e0 c\u00e1c n\u01b0\u1edbc m\u1edbi n\u1ed5i, c\u0169ng nh\u01b0 kh\u1ea3 n\u0103ng thu h\u1eb9p th\u00e2m h\u1ee5t ng\u00e2n s\u00e1ch c\u1ee7a M\u1ef9. Nh\u1eefng y\u1ebfu t\u1ed1 n\u00e0y s\u1ebd t\u00e1c \u0111\u1ed9ng \u0111\u1ebfn vi\u1ec7c \u0111\u1ecbnh gi\u00e1 l\u1ea1i \u0111\u1ed3ng USD s\u1eafp t\u1edbi&#8221;, \u00f4ng Ph\u00f9ng Minh Ho\u00e0ng nh\u1eadn \u0111\u1ecbnh.<\/span><\/p>\n<p style=\"line-height: 19.5pt; -webkit-font-smoothing: antialiased; text-rendering: geometricprecision; box-sizing: border-box; margin: 0cm 0cm 18.0pt 0cm;\"><b style=\"-webkit-font-smoothing: antialiased; text-rendering: geometricprecision; box-sizing: border-box;\"><span style=\"font-size: 13.0pt; font-family: 'Inter',serif; color: #292929;\">Nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i quay \u0111\u1ea7u mua v\u00e0o t\u1ea1i th\u1ecb tr\u01b0\u1eddng Vi\u1ec7t Nam<\/span><\/b><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-14056\" src=\"https:\/\/www.phfm.vn\/wp-content\/uploads\/z6898619054394_30dac1b9ff4439a764c3d457870f92a0.jpg\" alt=\"\" width=\"600\" height=\"338\" srcset=\"https:\/\/www.phfm.vn\/wp-content\/uploads\/z6898619054394_30dac1b9ff4439a764c3d457870f92a0.jpg 2560w, https:\/\/www.phfm.vn\/wp-content\/uploads\/z6898619054394_30dac1b9ff4439a764c3d457870f92a0-768x432.jpg 768w, https:\/\/www.phfm.vn\/wp-content\/uploads\/z6898619054394_30dac1b9ff4439a764c3d457870f92a0-1536x864.jpg 1536w, https:\/\/www.phfm.vn\/wp-content\/uploads\/z6898619054394_30dac1b9ff4439a764c3d457870f92a0-2048x1152.jpg 2048w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/p>\n<p style=\"line-height: 19.5pt; -webkit-font-smoothing: antialiased; text-rendering: geometricprecision; box-sizing: border-box; margin: 0cm 0cm 18.0pt 0cm;\"><span style=\"font-size: 13.0pt; font-family: 'Inter',serif; color: #292929;\">Ri\u00eang t\u1ea1i Vi\u1ec7t Nam, t\u1eeb th\u00e1ng 7 \u0111\u00e3 th\u1ea5y d\u00f2ng ti\u1ec1n ngo\u1ea1i mua v\u00e0o m\u1ea1nh m\u1ebd h\u01a1n \u0111\u00e3 t\u00e1c \u0111\u1ed9ng t\u00edch c\u1ef1c \u0111\u1ebfn th\u1ecb tr\u01b0\u1eddng. Theo \u00f4ng Ph\u00f9ng Minh Ho\u00e0ng, c\u00f3 hai l\u00fd do n\u1ed5i b\u1eadt gi\u1ea3i th\u00edch cho xu h\u01b0\u1edbng n\u00e0y. Th\u1ee9 nh\u1ea5t, Vi\u1ec7t Nam \u0111\u00e3 \u0111\u1ea1t \u0111\u01b0\u1ee3c th\u1ecfa thu\u1eadn th\u01b0\u01a1ng m\u1ea1i s\u01a1 b\u1ed9 v\u1edbi M\u1ef9 v\u1ec1 m\u1ee9c thu\u1ebf \u0111\u1ed1i \u1ee9ng. Th\u1ee9 hai, th\u1ecb tr\u01b0\u1eddng \u0111ang k\u1ef3 v\u1ecdng FTSE Russell s\u1ebd n\u00e2ng h\u1ea1ng Vi\u1ec7t Nam l\u00ean nh\u00f3m th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i trong \u0111\u1ee3t \u0111\u00e1nh gi\u00e1 cu\u1ed1i n\u0103m nay ho\u1eb7c \u0111\u1ea7u n\u0103m sau. Ngo\u00e0i ra, Vi\u1ec7t Nam c\u0169ng \u0111ang h\u01b0\u1edfng l\u1ee3i t\u1eeb xu h\u01b0\u1edbng d\u1ecbch chuy\u1ec3n d\u00f2ng v\u1ed1n tr\u00ean to\u00e0n c\u1ea7u sang c\u00e1c th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i.<\/span><\/p>\n<p style=\"line-height: 19.5pt; -webkit-font-smoothing: antialiased; text-rendering: geometricprecision; box-sizing: border-box; margin: 0cm 0cm 18.0pt 0cm;\"><span style=\"font-size: 13.0pt; font-family: 'Inter',serif; color: #292929;\">&#8220;Theo quan s\u00e1t c\u1ee7a ch\u00fang t\u00f4i, d\u00f2ng ti\u1ec1n kh\u1ed1i ngo\u1ea1i ch\u1ee7 y\u1ebfu \u0111\u01b0\u1ee3c mua th\u00f4ng qua P-Note (l\u00e0 c\u00f4ng c\u1ee5 t\u00e0i ch\u00ednh ph\u00e1i sinh \u0111\u01b0\u1ee3c c\u00e1c \u0111\u1ecbnh ch\u1ebf l\u1edbn ph\u00e1t h\u00e0nh cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i) c\u1ee7a m\u1ed9t s\u1ed1 qu\u1ef9 ETF, v\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1eadp trung mua r\u00f2ng c\u00e1c c\u1ed5 phi\u1ebfu blue-chip c\u00f3 thanh kho\u1ea3n cao. \u0110\u00e2y l\u00e0 t\u00edn hi\u1ec7u v\u00f4 c\u00f9ng t\u00edch c\u1ef1c, nh\u1ea5t l\u00e0 sau nh\u1eefng \u0111\u1ee3t b\u00e1n r\u00f2ng kh\u1ed1i ngo\u1ea1i trong nh\u1eefng n\u0103m qua&#8221;, \u00f4ng Ph\u00f9ng Minh Ho\u00e0ng \u0111\u00e1nh gi\u00e1.<\/span><\/p>\n<p style=\"line-height: 19.5pt; -webkit-font-smoothing: antialiased; text-rendering: geometricprecision; box-sizing: border-box; margin: 0cm 0cm 18.0pt 0cm;\"><span style=\"font-size: 13.0pt; font-family: 'Inter',serif; color: #292929;\">D\u1ef1 b\u00e1o trong th\u1eddi gian t\u1edbi v\u1ec1 d\u00f2ng ti\u1ec1n to\u00e0n c\u1ea7u v\u00e0o th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam, Gi\u00e1m \u0111\u1ed1c Chi\u1ebfn l\u01b0\u1ee3c C\u00f4ng ty CP Qu\u1ea3n l\u00fd Qu\u1ef9 Ph\u00fa H\u01b0ng (PHFM) cho hay, nh\u00ecn l\u1ea1i s\u1ed1 li\u1ec7u th\u1ed1ng k\u00ea 5 n\u0103m g\u1ea7n \u0111\u00e2y, nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i \u0111\u00e3 b\u00e1n r\u00f2ng kho\u1ea3ng 5-6 t\u1ef7 USD tr\u00ean th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam, m\u1ed9t con s\u1ed1 r\u1ea5t \u0111\u00e1ng k\u1ec3. Trong khi \u0111\u00f3, gi\u00e1 tr\u1ecb mua r\u00f2ng trong th\u00e1ng 7 v\u1eeba qua ch\u1ec9 \u0111\u1ea1t kho\u1ea3ng 500 tri\u1ec7u USD, v\u1eabn c\u00f2n kh\u00e1 khi\u00eam t\u1ed1n. Xu h\u01b0\u1edbng mua r\u00f2ng tr\u1edf l\u1ea1i \u1edf c\u00e1c th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i m\u1edbi ch\u1ec9 kh\u1edfi ph\u00e1t, n\u00ean th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam s\u1ebd ti\u1ebfp t\u1ee5c h\u01b0\u1edfng l\u1ee3i t\u1eeb \u0111\u1ed9ng l\u1ef1c n\u00e0y. Ngo\u00e0i ra, n\u1ebfu FTSE n\u00e2ng h\u1ea1ng th\u1ecb tr\u01b0\u1eddng Vi\u1ec7t Nam l\u00ean nh\u00f3m th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i trong th\u1eddi gian t\u1edbi, \u01b0\u1edbc t\u00ednh c\u00f3 th\u1ec3 thu h\u00fat th\u00eam 2-3 t\u1ef7 USD.<\/span><\/p>\n<p style=\"line-height: 19.5pt; -webkit-font-smoothing: antialiased; text-rendering: geometricprecision; box-sizing: border-box; margin: 0cm 0cm 18.0pt 0cm;\"><span style=\"font-size: 13.0pt; font-family: 'Inter',serif; color: #292929;\">V\u1ec1 tri\u1ec3n v\u1ecdng d\u00e0i h\u1ea1n, \u00f4ng Ph\u00f9ng Minh Ho\u00e0ng cho r\u1eb1ng th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam v\u1eabn r\u1ea5t h\u1ea5p d\u1eabn \u0111\u1ed1i v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i. N\u1ec1n kinh t\u1ebf \u0111ang \u1edf giai \u0111o\u1ea1n \u0111\u1ea7u c\u1ee7a m\u1ed9t chu k\u1ef3 ph\u1ee5c h\u1ed3i v\u00e0 t\u0103ng tr\u01b0\u1edfng, \u0111\u1eb7c bi\u1ec7t ch\u00ednh ph\u1ee7 \u0111ang c\u00f3 nh\u1eefng ch\u00ednh s\u00e1ch \u0111\u1ed5i m\u1edbi ch\u01b0a t\u1eebng c\u00f3, nh\u01b0 \u0111\u1ea9y m\u1ea1nh ph\u00e1t tri\u1ec3n khoa h\u1ecdc v\u00e0 c\u00f4ng ngh\u1ec7, ch\u00fa tr\u1ecdng ph\u00e1t tri\u1ec3n kinh t\u1ebf t\u01b0 nh\u00e2n, \u0111\u1ed3ng th\u1eddi Ch\u00ednh ph\u1ee7 c\u0169ng \u0111\u1eb7t m\u1ee5c ti\u00eau t\u0103ng tr\u01b0\u1edfng hai con s\u1ed1. Nh\u1eefng ch\u00ednh s\u00e1ch n\u00e0y s\u1ebd t\u1ea1o ti\u1ec1n \u0111\u1ec1 \u0111\u1ec3 \u0111\u1ea5t n\u01b0\u1edbc b\u01b0\u1edbc v\u00e0o k\u1ef7 nguy\u00ean v\u01b0\u01a1n m\u00ecnh, m\u1edf ra nhi\u1ec1u c\u01a1 h\u1ed9i cho doanh nghi\u1ec7p trong n\u01b0\u1edbc b\u1ee9t ph\u00e1 m\u1ea1nh m\u1ebd.<\/span><\/p>\n<p style=\"text-align: right;\"><strong>Ngu\u1ed3n:<\/strong> <a href=\"https:\/\/vtv.vn\/xu-huong-dong-von-ngoai-ve-viet-nam-se-keo-dai-100250812111811581.htm\">vtv.vn<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>D\u00f2ng ti\u1ec1n to\u00e0n c\u1ea7u\u00a0\u0111ang\u00a0c\u00f3 s\u1ef1 d\u1ecbch chuy\u1ec3n Trong b\u1ed1i c\u1ea3nh c\u00e1c th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n to\u00e0n c\u1ea7u li\u00ean t\u1ee5c c\u00f3 nh\u1eefng bi\u1ebfn \u0111\u1ed9ng, \u0111\u1eb7c bi\u1ec7t l\u00e0 nh\u1eefng th\u1ecb tr\u01b0\u1eddng b\u1ecb \u1ea3nh h\u01b0\u1edfng nhi\u1ec1u b\u1edfi ch\u00ednh s\u00e1ch thu\u1ebf quan c\u1ee7a T\u1ed5ng th\u1ed1ng M\u1ef9 Donald Trump, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u00e3 v\u00e0 \u0111ang ch\u1ee9ng ki\u1ebfn d\u00f2ng ti\u1ec1n&#8230;<\/p>\n","protected":false},"author":10,"featured_media":14057,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[103,107],"tags":[175,173,174,176,177,178],"_links":{"self":[{"href":"https:\/\/www.phfm.vn\/vi\/wp-json\/wp\/v2\/posts\/14052"}],"collection":[{"href":"https:\/\/www.phfm.vn\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.phfm.vn\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.phfm.vn\/vi\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/www.phfm.vn\/vi\/wp-json\/wp\/v2\/comments?post=14052"}],"version-history":[{"count":2,"href":"https:\/\/www.phfm.vn\/vi\/wp-json\/wp\/v2\/posts\/14052\/revisions"}],"predecessor-version":[{"id":14059,"href":"https:\/\/www.phfm.vn\/vi\/wp-json\/wp\/v2\/posts\/14052\/revisions\/14059"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.phfm.vn\/vi\/wp-json\/wp\/v2\/media\/14057"}],"wp:attachment":[{"href":"https:\/\/www.phfm.vn\/vi\/wp-json\/wp\/v2\/media?parent=14052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.phfm.vn\/vi\/wp-json\/wp\/v2\/categories?post=14052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.phfm.vn\/vi\/wp-json\/wp\/v2\/tags?post=14052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}