{"id":13265,"date":"2026-08-27T00:47:16","date_gmt":"2026-08-26T17:47:16","guid":{"rendered":"https:\/\/useful.vn\/?p=13265"},"modified":"2026-08-27T00:47:16","modified_gmt":"2026-08-26T17:47:16","slug":"ca-map-pyn-elite-hy-vong-nha-dau-tu-nghi-he-thay-vi-xem-chung-khoan","status":"publish","type":"post","link":"https:\/\/useful.vn\/?p=13265","title":{"rendered":"‘C\u00e1 m\u1eadp’ PYN Elite: Hy v\u1ecdng nh\u00e0 \u0111\u1ea7u t\u01b0 ngh\u1ec9 h\u00e8 thay v\u00ec xem ch\u1ee9ng kho\u00e1n"},"content":{"rendered":"
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\n‘C\u00e1 m\u1eadp’ PYN Elite: Hy v\u1ecdng nh\u00e0 \u0111\u1ea7u t\u01b0 ngh\u1ec9 h\u00e8 thay v\u00ec xem ch\u1ee9ng kho\u00e1n <\/h1>\n

VN-Index m\u1ea5t h\u01a1n 10% trong th\u00e1ng 7 khi\u1ebfn qu\u1ef9 \u0111\u1ea7u t\u01b0 Ph\u1ea7n Lan hy v\u1ecdng nh\u00e0 \u0111\u1ea7u t\u01b0 d\u00e0nh th\u1eddi gian ngh\u1ec9 h\u00e8 thay v\u00ec theo d\u00f5i s\u00e1t b\u1ea3ng \u0111i\u1ec7n.<\/p>\n

Trong th\u01b0 g\u1eedi nh\u00e0 \u0111\u1ea7u t\u01b0 m\u1edbi \u0111\u00e2y, \u00f4ng Petri Deryng, Qu\u1ea3n l\u00fd danh m\u1ee5c \u0111\u1ea7u t\u01b0 c\u1ee7a PYN Elite Fund (Ph\u1ea7n Lan), nh\u1eadn \u0111\u1ecbnh r\u1eb1ng \u0111\u00e0 suy y\u1ebfu c\u1ee7a ch\u1ee9ng kho\u00e1n l\u00e0 \u0111i\u1ec1u kh\u00e1 b\u1ea5t ng\u1edd, nh\u1ea5t l\u00e0 khi c\u00e1c doanh nghi\u1ec7p ni\u00eam y\u1ebft ghi nh\u1eadn k\u1ebft qu\u1ea3 kinh doanh qu\u00fd I t\u0103ng tr\u01b0\u1edfng t\u00edch c\u1ef1c v\u00e0 kinh t\u1ebf Vi\u1ec7t Nam ti\u1ebfp t\u1ee5c t\u0103ng t\u1ed1c trong n\u1eeda \u0111\u1ea7u n\u0103m. C\u1ea3 nh\u00e0 \u0111\u1ea7u t\u01b0 trong n\u01b0\u1edbc l\u1eabn n\u01b0\u1edbc ngo\u00e0i \u0111\u1ec1u b\u00e1n r\u00f2ng c\u1ed5 phi\u1ebfu, khi\u1ebfn gi\u00e1 nhi\u1ec1u m\u00e3 gi\u1ea3m v\u00e0 gia t\u0103ng k\u1ef3 v\u1ecdng th\u1ecb tr\u01b0\u1eddng s\u1ebd ti\u1ebfp t\u1ee5c \u0111i xu\u1ed1ng. \u0110i\u1ec1u n\u00e0y c\u0169ng khi\u1ebfn th\u00e1ng 7 xu\u1ea5t hi\u1ec7n m\u1ed9t s\u1ed1 phi\u00ean b\u00e1n th\u00e1o m\u1ea1nh.<\/p>\n

“Hy v\u1ecdng nhi\u1ec1u ng\u01b0\u1eddi trong ch\u00fang ta \u0111\u00e3 d\u00e0nh th\u1eddi gian cho k\u1ef3 ngh\u1ec9 h\u00e8 thay v\u00ec theo d\u00f5i di\u1ec5n bi\u1ebfn c\u1ee7a th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam trong th\u00e1ng 7”, \u00f4ng v\u00ed von.<\/p>\n

M\u1ed9t ph\u1ea7n nguy\u00ean nh\u00e2n c\u1ee7a l\u00e0n s\u00f3ng b\u00e1n ra, theo PYN Elite Fund, c\u00f3 th\u1ec3 \u0111\u1ebfn t\u1eeb vi\u1ec7c Vi\u1ec7t Nam \u0111\u1ea9y m\u1ea1nh \u0111\u1ea7u t\u01b0 h\u1ea1 t\u1ea7ng, nhu c\u1ea7u t\u00edn d\u1ee5ng t\u0103ng cao, k\u00e9o theo l\u00e3i su\u1ea5t \u0111i l\u00ean. L\u00e3i su\u1ea5t ti\u1ec1n g\u1eedi h\u1ea5p d\u1eabn h\u01a1n \u0111\u00e3 h\u00fat m\u1ed9t ph\u1ea7n d\u00f2ng ti\u1ec1n r\u1eddi kh\u1ecfi th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n. B\u00ean c\u1ea1nh \u0111\u00f3, cu\u1ed9c xung \u0111\u1ed9t k\u00e9o d\u00e0i gi\u1eefa M\u1ef9 v\u00e0 Iran c\u0169ng l\u00e0m gia t\u0103ng b\u1ea5t \u1ed5n \u0111\u1ed1i v\u1edbi tri\u1ec3n v\u1ecdng l\u1ea1m ph\u00e1t v\u00e0 l\u00e3i su\u1ea5t.<\/p>\n

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Th\u1ef1c t\u1ebf, t\u00ednh \u0111\u1ebfn cu\u1ed1i phi\u00ean h\u00f4m qua, VN-Index \u0111\u00e3 m\u1ea5t 191 \u0111i\u1ec3m, t\u01b0\u01a1ng \u0111\u01b0\u01a1ng g\u1ea7n 10,3% trong th\u00e1ng 7. Ri\u00eang tu\u1ea7n tr\u01b0\u1edbc, VN-Index ghi nh\u1eadn tu\u1ea7n gi\u1ea3m \u0111i\u1ec3m th\u1ee9 4 li\u00ean ti\u1ebfp v\u00e0 \u0111\u00e0 gi\u1ea3m t\u0103ng l\u00ean 5,6% – m\u1ee9c \u0111i\u1ec1u ch\u1ec9nh m\u1ea1nh nh\u1ea5t k\u1ec3 t\u1eeb \u0111\u1ea7u qu\u00fd II. Ch\u1ee9ng kho\u00e1n S\u00e0i G\u00f2n – H\u00e0 N\u1ed9i (SHS) cho r\u1eb1ng t\u00e2m l\u00fd nh\u00e0 \u0111\u1ea7u t\u01b0 ng\u1eafn h\u1ea1n \u0111ang bi quan tr\u01b0\u1edbc di\u1ec5n bi\u1ebfn c\u1ee7a th\u1ecb tr\u01b0\u1eddng. \u00c1p l\u1ef1c b\u00e1n gi\u1ea3m t\u1ef7 tr\u1ecdng \u0111\u1ea7u c\u01a1 v\u00e0 \u0111\u00f2n b\u1ea9y ng\u1eafn h\u1ea1n ti\u1ebfp t\u1ee5c gia t\u0103ng trong b\u1ed1i c\u1ea3nh d\u01b0 n\u1ee3 k\u00fd qu\u1ef9 cu\u1ed1i qu\u00fd II c\u1ee7a c\u00e1c c\u00f4ng ty ch\u1ee9ng kho\u00e1n cao h\u01a1n so v\u1edbi \u0111\u1ea7u n\u0103m.<\/p>\n

Ch\u1ee9ng kho\u00e1n BIDV (BSC) c\u0169ng l\u00fd gi\u1ea3i th\u00eam r\u1eb1ng \u00e1p l\u1ef1c \u0111i\u1ec1u ch\u1ec9nh ch\u1ee7 y\u1ebfu \u0111\u1ebfn t\u1eeb th\u00f4ng tin ti\u00eau c\u1ef1c tr\u00ean th\u1ecb tr\u01b0\u1eddng qu\u1ed1c t\u1ebf, kh\u1ed1i ngo\u1ea1i b\u00e1n r\u00f2ng v\u00e0 c\u00e1c c\u1ed5 phi\u1ebfu d\u1eabn d\u1eaft duy y\u1ebfu. “K\u1ebft qu\u1ea3 kinh doanh qu\u00fd II t\u00edch c\u1ef1c nh\u01b0ng c\u0169ng kh\u00f4ng c\u1ea3n \u0111\u01b0\u1ee3c \u0111\u00e0 gi\u1ea3m c\u1ee7a ch\u1ec9 s\u1ed1 khi c\u00e1c th\u00f4ng tin ti\u00eau c\u1ef1c chi ph\u1ed1i t\u00e2m l\u00fd th\u1ecb tr\u01b0\u1eddng”, nh\u00f3m ph\u00e2n t\u00edch n\u00eau quan \u0111i\u1ec3m.<\/p>\n

T\u00ednh \u0111\u1ebfn cu\u1ed1i tu\u1ea7n tr\u01b0\u1edbc, th\u1ecb tr\u01b0\u1eddng \u0111\u00e3 c\u00f3 31% c\u1ed5 phi\u1ebfu c\u00f4ng b\u1ed1 k\u1ebft qu\u1ea3 kinh doanh qu\u00fd II. Theo t\u00ednh to\u00e1n c\u1ee7a BSC, t\u1ed5ng l\u1ee3i nhu\u1eadn sau thu\u1ebf t\u0103ng 24% so v\u1edbi c\u00f9ng k\u1ef3 nh\u1edd nh\u00f3m ng\u00e2n h\u00e0ng v\u00e0 ch\u1ee9ng kho\u00e1n t\u0103ng tr\u01b0\u1edfng t\u1ed1t. Nh\u00ecn chung, b\u1ee9c tranh l\u1ee3i nhu\u1eadn kh\u00e1 t\u00edch c\u1ef1c, k\u00e9o d\u00e0i chu\u1ed7i t\u0103ng tr\u01b0\u1edfng l\u1ee3i nhu\u1eadn to\u00e0n th\u1ecb tr\u01b0\u1eddng \u1edf m\u1ee9c 2 con s\u1ed1 l\u00ean qu\u00fd th\u1ee9 7 li\u00ean ti\u1ebfp. Nh\u00f3m ph\u00e2n t\u00edch n\u00e0y cho r\u1eb1ng ho\u1ea1t \u0111\u1ed9ng c\u00f4ng b\u1ed1 k\u1ebft qu\u1ea3 kinh doanh qu\u00fd II s\u1ebd \u0111\u01b0\u1ee3c \u0111\u1ea9y m\u1ea1nh, h\u1ed7 tr\u1ee3 qu\u00e1 tr\u00ecnh “d\u00f2 \u0111\u00e1y” c\u1ee7a th\u1ecb tr\u01b0\u1eddng trong ng\u1eafn h\u1ea1n.<\/p>\n

PYN Elite Fund c\u0169ng k\u1ef3 v\u1ecdng l\u1ee3i nhu\u1eadn c\u1ee7a c\u00e1c doanh nghi\u1ec7p ni\u00eam y\u1ebft s\u1ebd ti\u1ebfp t\u1ee5c t\u0103ng tr\u01b0\u1edfng t\u1ed1t trong c\u1ea3 n\u0103m 2026 v\u00e0 cho r\u1eb1ng \u0111\u1ee3t \u0111i\u1ec1u ch\u1ec9nh v\u1eeba qua c\u1ee7a th\u1ecb tr\u01b0\u1eddng l\u00e0 “\u0111i\u1ec1u \u0111\u00e1ng th\u1ea5t v\u1ecdng”. Ngo\u00e0i ra, vi\u1ec7c gi\u00e1 c\u1ed5 phi\u1ebfu gi\u1ea3m trong khi l\u1ee3i nhu\u1eadn doanh nghi\u1ec7p v\u1eabn t\u0103ng tr\u01b0\u1edfng \u0111\u00e3 khi\u1ebfn \u0111\u1ecbnh gi\u00e1 th\u1ecb tr\u01b0\u1eddng tr\u1edf n\u00ean h\u1ea5p d\u1eabn h\u01a1n bao gi\u1edd h\u1ebft.<\/p>\n

\u0110\u01b0a ra quan \u0111i\u1ec3m t\u01b0\u01a1ng t\u1ef1, VinaCapital ch\u1ec9 ra r\u1eb1ng k\u1ebft qu\u1ea3 kinh doanh c\u1ee7a nhi\u1ec1u doanh nghi\u1ec7p v\u1eabn duy tr\u00ec t\u00edch c\u1ef1c, trong khi gi\u00e1 c\u1ed5 phi\u1ebfu \u0111\u00e3 \u0111i\u1ec1u ch\u1ec9nh m\u1ea1nh, \u0111\u01b0a m\u1eb7t b\u1eb1ng \u0111\u1ecbnh gi\u00e1 xu\u1ed1ng m\u1ee9c h\u1ea5p d\u1eabn h\u01a1n. N\u1ebfu lo\u1ea1i tr\u1eeb nh\u00f3m c\u1ed5 phi\u1ebfu Vingroup, P\/E (gi\u00e1 th\u1ecb tr\u01b0\u1eddng tr\u00ean l\u1ee3i nhu\u1eadn m\u1ed7i c\u1ed5 phi\u1ebfu) d\u1ef1 ph\u00f3ng hi\u1ec7n kho\u1ea3ng 9,3 l\u1ea7n – ti\u1ec7m c\u1eadn v\u00f9ng th\u1ea5p nh\u1ea5t trong 10 n\u0103m.<\/p>\n

“Nh\u1eefng giai \u0111o\u1ea1n th\u1ecb tr\u01b0\u1eddng bi\u1ebfn \u0111\u1ed9ng th\u01b0\u1eddng l\u00e0 th\u1eed th\u00e1ch l\u1edbn v\u1ec1 m\u1eb7t t\u00e2m l\u00fd, nh\u01b0ng c\u0169ng c\u00f3 th\u1ec3 m\u1edf ra c\u01a1 h\u1ed9i cho nh\u1eefng nh\u00e0 \u0111\u1ea7u t\u01b0 ki\u00ean \u0111\u1ecbnh v\u1edbi m\u1ee5c ti\u00eau d\u00e0i h\u1ea1n. Vi\u1ec7c duy tr\u00ec k\u1ef7 lu\u1eadt \u0111\u1ea7u t\u01b0, ti\u1ebfp t\u1ee5c t\u00edch l\u0169y \u0111\u1ecbnh k\u1ef3 v\u00e0 b\u00e1m s\u00e1t chi\u1ebfn l\u01b0\u1ee3c \u0111\u00e3 \u0111\u1ec1 ra th\u01b0\u1eddng l\u00e0 c\u00e1ch ti\u1ebfp c\u1eadn gi\u00fap gia t\u0103ng kh\u1ea3 n\u0103ng \u0111\u1ea1t \u0111\u01b0\u1ee3c k\u1ebft qu\u1ea3 t\u1ed1t trong d\u00e0i h\u1ea1n”, VinaCapital \u0111\u1ec1 c\u1eadp trong th\u01b0 g\u1eedi nh\u00e0 \u0111\u1ea7u t\u01b0 v\u00e0o cu\u1ed1i tu\u1ea7n tr\u01b0\u1edbc.<\/p>\n

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Giao d\u1ecbch ch\u1ee9ng kho\u00e1n t\u1ea1i m\u1ed9t c\u00f4ng ty \u1edf TP HCM. \u1ea2nh: Qu\u1ef3nh Tr\u1ea7n<\/em><\/p>\n<\/figcaption><\/figure>\n

Tuy nhi\u00ean, \u0111\u1ecbnh gi\u00e1 r\u1ebb ch\u01b0a h\u1eb3n l\u00e0 \u0111i\u1ec1u ki\u1ec7n h\u1ea5p d\u1eabn tuy\u1ec7t \u0111\u1ed1i. Theo BSC, th\u1ecb tr\u01b0\u1eddng \u0111\u00e3 x\u00e1c l\u1eadp xu h\u01b0\u1edbng gi\u1ea3m \u0111i\u1ec3m, \u00e1p l\u1ef1c b\u00e1n ra v\u1eabn gia t\u0103ng trong m\u00f9a c\u00f4ng b\u1ed1 k\u1ebft qu\u1ea3 kinh doanh qu\u00fd II. Do \u0111\u00f3, nh\u00e0 \u0111\u1ea7u t\u01b0 v\u1eabn n\u00ean giao d\u1ecbch th\u1eadn tr\u1ecdng, gi\u1eef tr\u1ea1ng th\u00e1i c\u1ed5 phi\u1ebfu \u1edf m\u1ee9c th\u1ea5p tr\u01b0\u1edbc nh\u1eefng di\u1ec5n bi\u1ebfn kh\u00f3 l\u01b0\u1eddng trong ng\u1eafn h\u1ea1n.<\/p>\n

C\u00f4ng ty t\u01b0 v\u1ea5n t\u00e0i ch\u00ednh Sima Advisory c\u0169ng cho r\u1eb1ng r\u1ee7i ro th\u1ecb tr\u01b0\u1eddng ti\u1ebfp t\u1ee5c gia t\u0103ng khi c\u00fa s\u1ed1c \u0111\u1ecba ch\u00ednh tr\u1ecb b\u1eaft \u0111\u1ea7u lan sang n\u1ec1n kinh t\u1ebf th\u1ef1c th\u00f4ng qua gi\u00e1 d\u1ea7u, chi ph\u00ed v\u1eadn t\u1ea3i v\u00e0 th\u01b0\u01a1ng m\u1ea1i qu\u1ed1c t\u1ebf. \u0110\u00e2y kh\u00f4ng c\u00f2n l\u00e0 bi\u1ebfn \u0111\u1ed9ng mang t\u00ednh t\u00e2m l\u00fd m\u00e0 \u0111ang d\u1ea7n tr\u1edf th\u00e0nh y\u1ebfu t\u1ed1 \u1ea3nh h\u01b0\u1edfng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 v\u00e0 l\u1ee3i nhu\u1eadn c\u1ee7a doanh nghi\u1ec7p.<\/p>\n

Do \u0111\u00f3, c\u00e1c chuy\u00ean gia khuy\u1ebfn ngh\u1ecb ch\u01b0a n\u00ean gia t\u0103ng m\u1ea1nh t\u1ef7 tr\u1ecdng t\u00e0i s\u1ea3n r\u1ee7i ro. \u0110\u1ed1i v\u1edbi th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n, quan \u0111i\u1ec3m ti\u1ebfp c\u1eadn v\u1eabn n\u00ean theo h\u01b0\u1edbng trung t\u00ednh, nghi\u00eang v\u1ec1 s\u1ef1 th\u1eadn tr\u1ecdng. Nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n \u01b0u ti\u00ean doanh nghi\u1ec7p \u0111\u1ea7u ng\u00e0nh, c\u00f3 d\u00f2ng ti\u1ec1n \u1ed5n \u0111\u1ecbnh, h\u01b0\u1edfng l\u1ee3i t\u1eeb \u0111\u1ea7u t\u01b0 c\u00f4ng ho\u1eb7c c\u00f3 kh\u1ea3 n\u0103ng chuy\u1ec3n ph\u1ea7n t\u0103ng chi ph\u00ed \u0111\u1ea7u v\u00e0o sang gi\u00e1 b\u00e1n. Doanh nghi\u1ec7p c\u00f3 b\u1ea3ng c\u00e2n \u0111\u1ed1i k\u1ebf to\u00e1n l\u00e0nh m\u1ea1nh v\u00e0 \u00edt ph\u1ee5 thu\u1ed9c v\u00e0o chi ph\u00ed n\u0103ng l\u01b0\u1ee3ng c\u0169ng l\u00e0 nh\u00f3m c\u00f3 th\u1ec3 tham kh\u1ea3o.<\/p>\n

T\u1ea5t \u0110\u1ea1t<\/strong><\/p>\n<\/article>\n

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https:\/\/vnexpress.net\/ca-map-pyn-elite-hy-vong-nha-dau-tu-nghi-he-thay-vi-xem-chung-khoan-5102421.html<\/p>\n","protected":false},"excerpt":{"rendered":"

‘C\u00e1 m\u1eadp’ PYN Elite: Hy v\u1ecdng nh\u00e0 \u0111\u1ea7u t\u01b0 ngh\u1ec9 h\u00e8 thay v\u00ec xem ch\u1ee9ng kho\u00e1n VN-Index m\u1ea5t h\u01a1n 10% trong th\u00e1ng 7 khi\u1ebfn qu\u1ef9 \u0111\u1ea7u t\u01b0 Ph\u1ea7n Lan hy v\u1ecdng nh\u00e0 \u0111\u1ea7u t\u01b0 d\u00e0nh th\u1eddi gian ngh\u1ec9 h\u00e8 thay v\u00ec theo d\u00f5i s\u00e1t b\u1ea3ng \u0111i\u1ec7n. Trong th\u01b0 g\u1eedi nh\u00e0 \u0111\u1ea7u t\u01b0 m\u1edbi \u0111\u00e2y, \u00f4ng<\/p>\n","protected":false},"author":1,"featured_media":13266,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":["post-13265","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-thi-truong"],"_links":{"self":[{"href":"https:\/\/useful.vn\/index.php?rest_route=\/wp\/v2\/posts\/13265","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/useful.vn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/useful.vn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/useful.vn\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/useful.vn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13265"}],"version-history":[{"count":0,"href":"https:\/\/useful.vn\/index.php?rest_route=\/wp\/v2\/posts\/13265\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/useful.vn\/index.php?rest_route=\/wp\/v2\/media\/13266"}],"wp:attachment":[{"href":"https:\/\/useful.vn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/useful.vn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/useful.vn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}