{"id":8208,"date":"2026-08-02T21:47:18","date_gmt":"2026-08-02T14:47:18","guid":{"rendered":"https:\/\/useful.vn\/?p=8208"},"modified":"2026-08-02T21:47:18","modified_gmt":"2026-08-02T14:47:18","slug":"ma-hoa-tai-san-thuc-dang-tro-thanh-xu-huong","status":"publish","type":"post","link":"https:\/\/useful.vn\/?p=8208","title":{"rendered":"M\u00e3 h\u00f3a t\u00e0i s\u1ea3n th\u1ef1c \u0111ang tr\u1edf th\u00e0nh xu h\u01b0\u1edbng"},"content":{"rendered":"
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\nM\u00e3 h\u00f3a t\u00e0i s\u1ea3n th\u1ef1c \u0111ang tr\u1edf th\u00e0nh xu h\u01b0\u1edbng <\/h1>\n

M\u00e3 h\u00f3a t\u00e0i s\u1ea3n th\u1ef1c (RWA) \u0111\u01b0\u1ee3c nhi\u1ec1u chuy\u00ean gia \u0111\u00e1nh gi\u00e1 l\u00e0 xu h\u01b0\u1edbng m\u1edbi c\u1ee7a kinh t\u1ebf s\u1ed1, c\u1ea7n khung ph\u00e1p l\u00fd v\u00e0 h\u1ea1 t\u1ea7ng ph\u00f9 h\u1ee3p \u0111\u1ec3 ph\u00e1t tri\u1ec3n b\u1ec1n v\u1eefng.<\/p>\n

C\u00e1c t\u00e0i s\u1ea3n nh\u01b0 b\u1ea5t \u0111\u1ed9ng s\u1ea3n, c\u1ed5 phi\u1ebfu, tr\u00e1i phi\u1ebfu hay h\u00e0ng h\u00f3a \u0111\u01b0\u1ee3c s\u1ed1 h\u00f3a d\u01b0\u1edbi d\u1ea1ng token tr\u00ean blockchain \u0111\u1ec3 giao d\u1ecbch v\u00e0 qu\u1ea3n l\u00fd b\u1eb1ng c\u00f4ng ngh\u1ec7 s\u1ed1, h\u00ecnh th\u00e0nh vi\u1ec7c m\u00e3 h\u00f3a t\u00e0i s\u1ea3n th\u1ef1c (Real World Assets – RWA). Xu h\u01b0\u1edbng n\u00e0y \u0111\u01b0\u1ee3c nhi\u1ec1u di\u1ec5n gi\u1ea3 nh\u1eafc \u0111\u1ebfn t\u1ea1i H\u1ed9i ngh\u1ecb M\u00e3 h\u00f3a t\u00e0i s\u1ea3n th\u1ef1c Vi\u1ec7t Nam 2026, ng\u00e0y 18\/7 \u1edf H\u00e0 N\u1ed9i.<\/p>\n

Hi\u1ec7p h\u1ed9i Blockchain v\u00e0 T\u00e0i s\u1ea3n s\u1ed1 Vi\u1ec7t Nam tr\u00edch d\u1eabn b\u00e1o c\u00e1o cho bi\u1ebft quy m\u00f4 th\u1ecb tr\u01b0\u1eddng RWA \u0111\u00e3 t\u0103ng t\u1eeb 6 t\u1ef7 USD h\u1ed3i th\u00e1ng 1\/2025 l\u00ean h\u01a1n 34 t\u1ef7 USD trong v\u00f2ng 16 th\u00e1ng. \u00d4ng Phan \u0110\u1ee9c Trung, Ch\u1ee7 t\u1ecbch Hi\u1ec7p h\u1ed9i cho hay, d\u00f2ng v\u1ed1n \u0111\u1ed5 v\u00e0o RWA n\u0103m 2025 t\u0103ng 300%, cao h\u01a1n \u0111\u00e1ng k\u1ec3 so v\u1edbi c\u00e1c nh\u00f3m t\u00e0i s\u1ea3n kh\u00e1c.<\/p>\n

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Chuy\u00ean gia kinh t\u1ebf, TS C\u1ea5n V\u0103n L\u1ef1c chia s\u1ebb v\u1ec1 quy m\u00f4 th\u1ecb tr\u01b0\u1eddng RWA t\u1ea1i H\u1ed9i ngh\u1ecb M\u00e3 h\u00f3a t\u00e0i s\u1ea3n th\u1ef1c Vi\u1ec7t Nam 2026, ng\u00e0y 18\/7. \u1ea2nh: Tr\u1ecdng \u0110\u1ea1t<\/em><\/p>\n<\/figcaption><\/figure>\n

Theo TS C\u1ea5n V\u0103n L\u1ef1c, chuy\u00ean gia kinh t\u1ebf tr\u01b0\u1edfng ng\u00e2n h\u00e0ng BIDV, th\u00e0nh vi\u00ean H\u1ed9i \u0111\u1ed3ng t\u01b0 v\u1ea5n ch\u00ednh s\u00e1ch t\u00e0i ch\u00ednh – ti\u1ec1n t\u1ec7 qu\u1ed1c gia, quy m\u00f4 th\u1ecb tr\u01b0\u1eddng t\u00e0i s\u1ea3n th\u1ef1c \u0111\u01b0\u1ee3c m\u00e3 h\u00f3a s\u1ebd c\u00f2n “ti\u1ebfp t\u1ee5c t\u0103ng”.<\/p>\n

\u00d4ng cho bi\u1ebft, t\u00e0i s\u1ea3n th\u1ef1c v\u00e0 t\u00e0i s\u1ea3n s\u1ed1 l\u00e0 hai h\u00ecnh th\u00e1i t\u1ed3n t\u1ea1i kh\u00e1c nhau. M\u1ed9t b\u00ean l\u00e0 h\u00ecnh th\u00e1i th\u1ef1c, \u1edf d\u1ea1ng v\u1eadt ch\u1ea5t, c\u00f2n m\u1ed9t b\u00ean l\u00e0 h\u00ecnh th\u00e1i s\u1ed1 h\u00f3a. V\u1ec1 l\u00e2u d\u00e0i, hai lo\u1ea1i s\u1ebd t\u1ed3n t\u1ea1i song song, khi\u1ebfn quy m\u00f4 c\u1ee7a t\u00e0i s\u1ea3n s\u1ed1 ng\u00e0y c\u00e0ng m\u1edf r\u1ed9ng. “Th\u1ecb tr\u01b0\u1eddng n\u00e0y c\u00f2n nhi\u1ec1u d\u01b0 \u0111\u1ecba ph\u00e1t tri\u1ec3n n\u1ebfu nh\u1eefng t\u00e0i s\u1ea3n c\u00f3 quy m\u00f4 l\u1edbn nh\u01b0 ch\u1ee9ng kho\u00e1n hay b\u1ea5t \u0111\u1ed9ng s\u1ea3n \u0111\u01b0\u1ee3c ph\u00e9p m\u00e3 h\u00f3a”, \u00f4ng n\u00f3i.<\/p>\n

V\u1ec1 l\u1ee3i \u00edch c\u1ee7a m\u00e3 h\u00f3a t\u00e0i s\u1ea3n, \u00f4ng cho r\u1eb1ng, \u0111\u1ea7u ti\u00ean l\u00e0 t\u0103ng t\u00ednh thanh kho\u1ea3n khi giao d\u1ecbch c\u00f3 th\u1ec3 di\u1ec5n ra g\u1ea7n nh\u01b0 t\u1ee9c th\u1eddi, thay v\u00ec ch\u1edd c\u00e1c chu k\u1ef3 T+1, T+2 nh\u01b0 nhi\u1ec1u th\u1ecb tr\u01b0\u1eddng truy\u1ec1n th\u1ed1ng. C\u00f4ng ngh\u1ec7 c\u0169ng gi\u00fap gi\u1ea3m chi ph\u00ed, th\u1eddi gian giao d\u1ecbch v\u00e0 cho ph\u00e9p chia nh\u1ecf t\u00e0i s\u1ea3n \u0111\u1ec3 nhi\u1ec1u ng\u01b0\u1eddi c\u00f9ng tham gia s\u1edf h\u1eefu. \u00d4ng l\u1ea5y v\u00ed d\u1ee5 m\u1ed9t b\u1ea5t \u0111\u1ed9ng s\u1ea3n tr\u1ecb gi\u00e1 10 t\u1ef7 \u0111\u1ed3ng c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c chia th\u00e0nh nhi\u1ec1u ph\u1ea7n, qua \u0111\u00f3 m\u1edf r\u1ed9ng kh\u1ea3 n\u0103ng huy \u0111\u1ed9ng v\u1ed1n.<\/p>\n

V\u1edbi t\u00e0i s\u1ea3n m\u00e3 h\u00f3a, giao d\u1ecbch \u0111\u01b0\u1ee3c ghi nh\u1eadn tr\u00ean blockchain gi\u00fap t\u0103ng t\u00ednh minh b\u1ea1ch v\u00e0 kh\u1ea3 n\u0103ng truy xu\u1ea5t. Vi\u1ec7c m\u00e3 h\u00f3a c\u00f2n g\u00f3p ph\u1ea7n c\u1ea3i thi\u1ec7n kh\u1ea3 n\u0103ng qu\u1ea3n l\u00fd t\u00e0i s\u1ea3n, t\u1ea1o ra c\u00e1c s\u1ea3n ph\u1ea9m t\u00e0i ch\u00ednh m\u1edbi v\u00e0 th\u00fac \u0111\u1ea9y t\u00e0i ch\u00ednh to\u00e0n di\u1ec7n.<\/p>\n

Tuy nhi\u00ean, theo TS C\u1ea5n V\u0103n L\u1ef1c, qu\u00e1 tr\u00ecnh n\u00e0y c\u0169ng \u0111i k\u00e8m r\u1ee7i ro nh\u01b0 v\u1ea5n \u0111\u1ec1 ph\u00e1p l\u00fd v\u1ec1 quy\u1ec1n s\u1edf h\u1eefu t\u00e0i s\u1ea3n, an ninh m\u1ea1ng, bi\u1ebfn \u0111\u1ed9ng gi\u00e1 l\u1edbn, token kh\u00f4ng c\u00f3 t\u00e0i s\u1ea3n b\u1ea3o \u0111\u1ea3m…<\/p>\n

\u1ede g\u00f3c \u0111\u1ed9 qu\u1ea3n l\u00fd, \u00f4ng B\u00f9i Ho\u00e0ng H\u1ea3i, Ph\u00f3 ch\u1ee7 t\u1ecbch \u1ee6y ban Ch\u1ee9ng kho\u00e1n Nh\u00e0 n\u01b0\u1edbc, nh\u1eadn \u0111\u1ecbnh RWA \u0111ang n\u1ed5i l\u00ean nh\u01b0 m\u1ed9t xu h\u01b0\u1edbng c\u00f3 \u1ea3nh h\u01b0\u1edfng l\u1edbn \u0111\u1ed1i v\u1edbi t\u00e0i ch\u00ednh to\u00e0n c\u1ea7u, gi\u00fap kh\u01a1i th\u00f4ng nh\u1eefng ngu\u1ed3n l\u1ef1c c\u00f2n “ng\u1ee7 y\u00ean” trong n\u1ec1n kinh t\u1ebf.<\/p>\n

Theo \u00f4ng, \u0111\u1ed1i v\u1edbi Vi\u1ec7t Nam, khi nhu c\u1ea7u v\u1ed1n cho h\u1ea1 t\u1ea7ng, s\u1ea3n xu\u1ea5t, \u0111\u1ed5i m\u1edbi s\u00e1ng t\u1ea1o v\u00e0 chuy\u1ec3n \u0111\u1ed5i s\u1ed1 ng\u00e0y c\u00e0ng nhi\u1ec1u, \u0111\u00e2y s\u1ebd l\u00e0 h\u01b0\u1edbng ph\u00e1t tri\u1ec3n gi\u00e0u ti\u1ec1m n\u0103ng, c\u1ea7n \u0111\u01b0\u1ee3c nghi\u00ean c\u1ee9u nghi\u00eam t\u00fac, tri\u1ec3n khai th\u1eadn tr\u1ecdng v\u1edbi t\u1ea7m nh\u00ecn d\u00e0i h\u1ea1n.<\/p>\n

D\u00f9 v\u1eady, \u00f4ng nh\u1ea5n m\u1ea1nh, th\u1ecb tr\u01b0\u1eddng t\u00e0i s\u1ea3n m\u00e3 h\u00f3a n\u00f3i chung v\u00e0 RWA n\u00f3i ri\u00eang ch\u1ec9 c\u00f3 th\u1ec3 ph\u00e1t tri\u1ec3n b\u1ec1n v\u1eefng khi \u0111\u01b0\u1ee3c x\u00e2y d\u1ef1ng tr\u00ean n\u1ec1n t\u1ea3ng ph\u00e1p l\u00fd r\u00f5 r\u00e0ng, d\u00f2ng ti\u1ec1n minh b\u1ea1ch, h\u1ea1 t\u1ea7ng an to\u00e0n v\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u01b0\u1ee3c b\u1ea3o v\u1ec7.<\/p>\n

T\u1eeb kinh nghi\u1ec7m qu\u1ed1c t\u1ebf, TS C\u1ea5n V\u0103n L\u1ef1c \u0111\u1ec1 xu\u1ea5t Vi\u1ec7t Nam ph\u00e2n lo\u1ea1i t\u00e0i s\u1ea3n m\u00e3 h\u00f3a theo m\u1ee9c \u0111\u1ed9 r\u1ee7i ro thay v\u00ec h\u00ecnh th\u1ee9c s\u1ed1 h\u00f3a; x\u00e2y d\u1ef1ng khung ph\u00e1p l\u00fd ri\u00eang cho stablecoin; tri\u1ec3n khai c\u01a1 ch\u1ebf th\u1eed nghi\u1ec7m (sandbox) trong l\u0129nh v\u1ef1c; kh\u00f4ng \u0111\u1ec3 t\u1ed3n t\u1ea1i kho\u1ea3ng tr\u1ed1ng ph\u00e1p l\u00fd v\u00e0 t\u0103ng c\u01b0\u1eddng ph\u1ed1i h\u1ee3p gi\u1eefa c\u00e1c c\u01a1 quan qu\u1ea3n l\u00fd.<\/p>\n

\u00d4ng cho r\u1eb1ng, Vi\u1ec7t Nam c\u1ea7n t\u00ecm \u0111i\u1ec3m c\u00e2n b\u1eb1ng gi\u1eefa ki\u1ec3m so\u00e1t r\u1ee7i ro v\u00e0 khuy\u1ebfn kh\u00edch \u0111\u1ed5i m\u1edbi s\u00e1ng t\u1ea1o, \u0111\u1ed3ng th\u1eddi b\u1ea3o v\u1ec7 nh\u00e0 \u0111\u1ea7u t\u01b0 nh\u01b0ng kh\u00f4ng t\u1ea1o t\u00e2m l\u00fd \u1ef7 l\u1ea1i, \u0111\u01b0a c\u00e1c giao d\u1ecbch t\u00e0i s\u1ea3n m\u00e3 h\u00f3a v\u1ec1 trong n\u01b0\u1edbc nh\u01b0ng v\u1eabn b\u1ea3o \u0111\u1ea3m t\u00ednh c\u1ea1nh tranh cho n\u1ec1n kinh t\u1ebf s\u1ed1.<\/p>\n

Tr\u1ecdng \u0110\u1ea1t<\/strong><\/p>\n

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    • Chi\u00eau l\u1eeba ‘h\u1ed7 tr\u1ee3 l\u1ea5y l\u1ea1i ti\u1ec1n’ n\u1edf r\u1ed9 sau v\u1ee5 s\u1eadp s\u00e0n Onus<\/li>\n<\/ul>\n<\/article>\n
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      https:\/\/vnexpress.net\/ma-hoa-tai-san-thuc-dang-tro-thanh-xu-huong-5099020.html<\/p>\n","protected":false},"excerpt":{"rendered":"

      M\u00e3 h\u00f3a t\u00e0i s\u1ea3n th\u1ef1c \u0111ang tr\u1edf th\u00e0nh xu h\u01b0\u1edbng M\u00e3 h\u00f3a t\u00e0i s\u1ea3n th\u1ef1c (RWA) \u0111\u01b0\u1ee3c nhi\u1ec1u chuy\u00ean gia \u0111\u00e1nh gi\u00e1 l\u00e0 xu h\u01b0\u1edbng m\u1edbi c\u1ee7a kinh t\u1ebf s\u1ed1, c\u1ea7n khung ph\u00e1p l\u00fd v\u00e0 h\u1ea1 t\u1ea7ng ph\u00f9 h\u1ee3p \u0111\u1ec3 ph\u00e1t tri\u1ec3n b\u1ec1n v\u1eefng. C\u00e1c t\u00e0i s\u1ea3n nh\u01b0 b\u1ea5t \u0111\u1ed9ng s\u1ea3n, c\u1ed5 phi\u1ebfu, tr\u00e1i phi\u1ebfu<\/p>\n","protected":false},"author":1,"featured_media":8209,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-8208","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cong-nghe"],"_links":{"self":[{"href":"https:\/\/useful.vn\/index.php?rest_route=\/wp\/v2\/posts\/8208","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=8208"}],"version-history":[{"count":0,"href":"https:\/\/useful.vn\/index.php?rest_route=\/wp\/v2\/posts\/8208\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/useful.vn\/index.php?rest_route=\/wp\/v2\/media\/8209"}],"wp:attachment":[{"href":"https:\/\/useful.vn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/useful.vn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/useful.vn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}