{"id":17648,"date":"2026-09-10T18:23:19","date_gmt":"2026-09-10T11:23:19","guid":{"rendered":"https:\/\/www.phfm.vn\/?p=17648"},"modified":"2026-09-10T18:33:18","modified_gmt":"2026-09-10T11:33:18","slug":"vietnam-gets-its-first-etf-built-on-a-shareholder-yield-strategy","status":"publish","type":"post","link":"https:\/\/www.phfm.vn\/vi\/vietnam-gets-its-first-etf-built-on-a-shareholder-yield-strategy\/","title":{"rendered":"VI\u1ec6T NAM C\u00d3 QU\u1ef8 ETF \u0110\u1ea6U TI\u00caN \u0110\u1ea6U T\u01af THEO CHI\u1ebeN L\u01af\u1ee2C L\u1ee2I SU\u1ea4T CHO C\u1ed4 \u0110\u00d4NG"},"content":{"rendered":"

VI\u1ec6T NAM C\u00d3 QU\u1ef8 ETF \u0110\u1ea6U TI\u00caN \u0110\u1ea6U T\u01af THEO CHI\u1ebeN L\u01af\u1ee2C L\u1ee2I SU\u1ea4T CHO C\u1ed4 \u0110\u00d4NG<\/b><\/strong><\/span><\/h1>\n

Ng\u00e0y 10\/09\/2026, Qu\u1ef9 ETF PHFM VNSHINE (m\u00e3 ch\u1ee9ng ch\u1ec9 qu\u1ef9: FUEPHVNS) do C\u00f4ng ty C\u1ed5 ph\u1ea7n Qu\u1ea3n l\u00fd Qu\u1ef9 Ph\u00fa H\u01b0ng (PHFM) qu\u1ea3n l\u00fd ch\u00ednh th\u1ee9c c\u00f3 phi\u00ean giao d\u1ecbch \u0111\u1ea7u ti\u00ean tr\u00ean S\u1edf Giao d\u1ecbch Ch\u1ee9ng kho\u00e1n TP. H\u1ed3 Ch\u00ed Minh (HOSE). \u0110\u00e2y l\u00e0 qu\u1ef9 ho\u00e1n \u0111\u1ed5i danh m\u1ee5c \u0111\u1ea7u ti\u00ean t\u1ea1i Vi\u1ec7t Nam \u0111\u01b0\u1ee3c x\u00e2y d\u1ef1ng tr\u00ean nguy\u00ean t\u1eafc L\u1ee3i su\u1ea5t cho c\u1ed5 \u0111\u00f4ng (Shareholder Yield).<\/b><\/p>\n

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\u00d4ng Albert Kwang-Chin Ting nh\u1eadn quy\u1ebft \u0111\u1ecbnh ch\u1ea5p thu\u1eadn ni\u00eam y\u1ebft Ch\u1ee9ng ch\u1ec9 Qu\u1ef9 PHFM VNSHINE (m\u00e3 giao d\u1ecbch: FUEPHVNS)<\/figcaption><\/figure>\n

Qu\u1ef9 m\u00f4 ph\u1ecfng ch\u1ec9 s\u1ed1 VNSHINE \u2013 Vietnam Shareholder Interest Enhanced Index, b\u1ed9 ch\u1ec9 s\u1ed1 do HOSE ban h\u00e0nh ng\u00e0y 18\/11\/2025. Phi\u00ean giao d\u1ecbch \u0111\u1ea7u ti\u00ean kh\u00e9p l\u1ea1i \u0111\u1ee3t ch\u00e0o b\u00e1n ch\u1ee9ng ch\u1ec9 qu\u1ef9 ra c\u00f4ng ch\u00fang l\u1ea7n \u0111\u1ea7u (IPO) v\u1edbi t\u1ed5ng gi\u00e1 tr\u1ecb huy \u0111\u1ed9ng \u0111\u1ea1t 266 t\u1ef7 \u0111\u1ed3ng.<\/span><\/p>\n

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\u00d4ng Albert Kwang-Chin Ting – Ch\u1ee7 t\u1ecbch CTCP Qu\u1ea3n L\u00fd Qu\u1ef9 Ph\u00fa H\u01b0ng th\u1ef1c hi\u1ec7n nghi th\u1ee9c \u0111\u00e1nh c\u1ed3ng<\/figcaption><\/figure>\n

Chi\u1ebfn l\u01b0\u1ee3c Smart-beta t\u1eadp trung v\u00e0o L\u1ee3i su\u1ea5t cho C\u1ed5 \u0111\u00f4ng<\/b><\/h2>\n

Ph\u1ea7n l\u1edbn qu\u1ef9 ETF \u0111ang ho\u1ea1t \u0111\u1ed9ng t\u1ea1i Vi\u1ec7t Nam ph\u00e2n b\u1ed5 t\u1ef7 tr\u1ecdng theo v\u1ed1n h\u00f3a th\u1ecb tr\u01b0\u1eddng. C\u00e1ch ti\u1ebfp c\u1eadn n\u00e0y khi\u1ebfn d\u00f2ng v\u1ed1n t\u1ef1 \u0111\u1ed9ng ch\u1ea3y m\u1ea1nh h\u01a1n v\u00e0o nh\u1eefng c\u1ed5 phi\u1ebfu \u0111\u00e3 t\u0103ng gi\u00e1, qua \u0111\u00f3 l\u00e0m gia t\u0103ng m\u1ee9c \u0111\u1ed9 t\u1eadp trung c\u1ee7a danh m\u1ee5c m\u1ed7i khi th\u1ecb tr\u01b0\u1eddng bi\u1ebfn \u0111\u1ed9ng.<\/span><\/p>\n

Ch\u1ec9 s\u1ed1 VNSHINE l\u1ef1a ch\u1ecdn h\u01b0\u1edbng \u0111i kh\u00e1c: \u0111\u00e1nh gi\u00e1 doanh nghi\u1ec7p d\u1ef1a tr\u00ean kh\u1ea3 n\u0103ng ho\u00e0n tr\u1ea3 gi\u00e1 tr\u1ecb th\u1ef1c t\u1ebf cho c\u1ed5 \u0111\u00f4ng. B\u1ed9 quy t\u1eafc ch\u1ec9 s\u1ed1 s\u00e0ng l\u1ecdc theo ba ti\u00eau ch\u00ed:<\/span><\/p>\n

    \n
  • Chi tr\u1ea3 c\u1ed5 t\u1ee9c b\u1eb1ng ti\u1ec1n m\u1eb7t li\u00ean t\u1ee5c trong ba n\u0103m li\u1ec1n k\u1ec1 tr\u01b0\u1edbc n\u0103m xem x\u00e9t;<\/span><\/li>\n
  • Kh\u00f4ng l\u1ea1m d\u1ee5ng ph\u00e1t h\u00e0nh t\u0103ng v\u1ed1n l\u00e0m suy gi\u1ea3m quy\u1ec1n l\u1ee3i c\u1ee7a c\u1ed5 \u0111\u00f4ng hi\u1ec7n h\u1eefu;<\/span><\/li>\n
  • C\u00f3 xu h\u01b0\u1edbng gi\u1ea3m n\u1ee3 r\u00f2ng, qua \u0111\u00f3 h\u1ea1 chi ph\u00ed l\u00e3i vay v\u00e0 m\u1edf r\u1ed9ng d\u01b0 \u0111\u1ecba ho\u00e0n tr\u1ea3 ti\u1ec1n m\u1eb7t trong t\u01b0\u01a1ng lai.<\/span><\/li>\n<\/ul>\n

    Danh m\u1ee5c cu\u1ed1i c\u00f9ng g\u1ed3m 15\u201330 c\u1ed5 phi\u1ebfu \u0111\u01b0\u1ee3c ch\u1ecdn t\u1eeb r\u1ed5 VNAllshare, v\u1edbi y\u00eau c\u1ea7u thanh kho\u1ea3n t\u1ed1i thi\u1ec3u tr\u00ean 10 t\u1ef7 \u0111\u1ed3ng gi\u00e1 tr\u1ecb giao d\u1ecbch m\u1ed7i ng\u00e0y. Qu\u1ef9 v\u1eadn h\u00e0nh theo b\u1ed9 quy t\u1eafc \u0111\u1ecbnh l\u01b0\u1ee3ng minh b\u1ea1ch, t\u1ef1 \u0111\u1ed9ng r\u00e0 so\u00e1t v\u00e0 t\u00e1i c\u01a1 c\u1ea5u \u0111\u1ecbnh k\u1ef3, k\u1ebft h\u1ee3p c\u00f9ng ph\u00e2n t\u00edch c\u01a1 b\u1ea3n trong qu\u00e1 tr\u00ecnh qu\u1ea3n tr\u1ecb danh m\u1ee5c.<\/span><\/p>\n

    \u01afu ti\u00ean ch\u1ea5t l\u01b0\u1ee3ng d\u00f2ng ti\u1ec1n<\/b><\/h2>\n

    Theo ph\u00e2n t\u00edch c\u1ee7a PHFM, c\u00f3 t\u1edbi 41% c\u1ed5 phi\u1ebfu ni\u00eam y\u1ebft t\u1ea1i Vi\u1ec7t Nam ghi nh\u1eadn ch\u00eanh l\u1ec7ch EPS tr\u01b0\u1edbc v\u00e0 sau ki\u1ec3m to\u00e1n tr\u00ean 1%, xu\u1ea5t ph\u00e1t t\u1eeb kh\u00e1c bi\u1ec7t trong \u00e1p d\u1ee5ng c\u00e1c chu\u1ea9n m\u1ef1c k\u1ebf to\u00e1n. Trong khi \u0111\u00f3, c\u00e1c kho\u1ea3n m\u1ee5c d\u00f2ng ti\u1ec1n m\u1eb7t, c\u1ed5 t\u1ee9c \u0111\u00e3 chi tr\u1ea3, n\u1ee3 vay \u0111\u00e3 ho\u00e0n tr\u1ea3, c\u1ed5 phi\u1ebfu \u0111\u00e3 mua l\u1ea1i, c\u00f3 t\u00ednh minh b\u1ea1ch cao h\u01a1n v\u00e0 kh\u00f3 \u0111i\u1ec1u ch\u1ec9nh h\u01a1n.<\/span><\/p>\n

    Vi\u1ec7c l\u1ea5y d\u00f2ng ti\u1ec1n l\u00e0m th\u01b0\u1edbc \u0111o trung t\u00e2m gi\u00fap qu\u1ef9 l\u1ecdc nhi\u1ec5u t\u1eeb s\u1ed1 li\u1ec7u b\u00e1o c\u00e1o t\u00e0i ch\u00ednh v\u00e0 h\u01b0\u1edbng t\u1edbi m\u1ed9t danh m\u1ee5c mang t\u00ednh ph\u00f2ng v\u1ec7, \u01b0u ti\u00ean ch\u1ea5t l\u01b0\u1ee3ng d\u00f2ng ti\u1ec1n thay v\u00ec quy m\u00f4 hay \u0111\u00e0 t\u0103ng gi\u00e1.<\/span><\/p>\n

    \"\"<\/p>\n

    PHFM<\/em><\/p>","protected":false},"excerpt":{"rendered":"

    VI\u1ec6T NAM C\u00d3 QU\u1ef8 ETF \u0110\u1ea6U TI\u00caN \u0110\u1ea6U T\u01af THEO CHI\u1ebeN L\u01af\u1ee2C L\u1ee2I SU\u1ea4T CHO C\u1ed4 \u0110\u00d4NG Ng\u00e0y 10\/09\/2026, Qu\u1ef9 ETF PHFM VNSHINE (m\u00e3 ch\u1ee9ng ch\u1ec9 qu\u1ef9: FUEPHVNS) do C\u00f4ng ty C\u1ed5 ph\u1ea7n Qu\u1ea3n l\u00fd Qu\u1ef9 Ph\u00fa H\u01b0ng (PHFM) qu\u1ea3n l\u00fd ch\u00ednh th\u1ee9c c\u00f3 phi\u00ean giao d\u1ecbch \u0111\u1ea7u ti\u00ean tr\u00ean S\u1edf Giao d\u1ecbch Ch\u1ee9ng kho\u00e1n…<\/p>\n","protected":false},"author":10,"featured_media":17650,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[103,107],"tags":[],"_links":{"self":[{"href":"https:\/\/www.phfm.vn\/vi\/wp-json\/wp\/v2\/posts\/17648"}],"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=17648"}],"version-history":[{"count":3,"href":"https:\/\/www.phfm.vn\/vi\/wp-json\/wp\/v2\/posts\/17648\/revisions"}],"predecessor-version":[{"id":17658,"href":"https:\/\/www.phfm.vn\/vi\/wp-json\/wp\/v2\/posts\/17648\/revisions\/17658"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.phfm.vn\/vi\/wp-json\/wp\/v2\/media\/17650"}],"wp:attachment":[{"href":"https:\/\/www.phfm.vn\/vi\/wp-json\/wp\/v2\/media?parent=17648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.phfm.vn\/vi\/wp-json\/wp\/v2\/categories?post=17648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.phfm.vn\/vi\/wp-json\/wp\/v2\/tags?post=17648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}