[ihc-hide-content ihc_mb_type="show" ihc_mb_who="2,4,5" ihc_mb_template="1" ] <div class="row"> <div class="col-lg-10 col-sm-12 col-md-12"> <h1 class="article-title"></h1> <div class="row"> <div class="col-md-12 col-sm-12 col-lg-12"> <div class="blog-single-head text-left mb10"> <div class="meta"></div> </div> </div> </div> </div> </div> <div class="row"> <div class="col-lg-2 hidden-sm hidden-xs hidden-md listSocial"> <div class="article-sharing custom_1"></div> </div> <div class="col-lg-10 col-sm-12 col-md-12"> <div class="single_post_heading width_medium source__is-publictime source__is-custom"> <div id="vst_detail"> <p class="pHead"><span dir="auto">讓我們回顧一下上週末交易前發生的值得關注的國內外經濟金融新聞:越南迎來數位資產發展黃金時期;淨利潤率承壓,銀行將推出哪些產品應對? ;守德縣超過10兆越南盾專案業主集團現金流足以償還巨額債務;Dua Fat董事長繼續出售超過1470萬股股票用於止贖;熱點:川普啟動家具調查,今年或將加稅…</span></p> <p class="pBody"><span dir="auto">* </span><strong><span dir="auto">8月25日至29日分紅週:PV </span><a href="https://finance.vietstock.vn/GAS-tong-cong-ty-khi-viet-nam-ctcp.htm?languageid=1" target="_blank" rel="noopener noreferrer"><span dir="auto">GAS</span></a><span dir="auto">節前發放近5兆越南盾股息,表現亮眼</span></strong><span dir="auto">。 2025年8月25日至29日,即9月2日國慶日假期前的一周,17家企業已行使現金分紅權。最高股利率為45%,相當於每股4,500越南盾。</span><a href="https://vietstock.vn/2025/08/co-tuc-tuan-25-2908-pv-gas-ruc-sang-voi-khoan-co-tuc-gan-5-ngan-ty-truoc-ky-nghi-le-738-1344997.htm"><span dir="auto">>>></span></a></p> <p class="pBody"><span dir="auto">*</span><strong><span dir="auto">越南正處於數位資產發展的黃金時期</span></strong><span dir="auto">。國內外專家認為,越南正進入數位資產發展的黃金時期。新創企業社群的活力和國際區塊鏈專案被視為重要基礎,但法律、資金和人力資源方面的障礙仍然存在,需要及時推出政策並採取行動。</span><a href="https://vietstock.vn/2025/08/viet-nam-truoc-thoi-diem-vang-phat-trien-tai-san-so-16312-1345016.htm"><span dir="auto">>>></span></a></p> <p class="pBody"><span dir="auto">*</span><strong><span dir="auto">投資人對投資人關係(IR)較弱的企業有自己的「懲罰」方式</span></strong><span dir="auto">。 BETA證券分析部負責人Vo Kim Phung先生與筆者分享道,在現代金融世界中,投資者關係(IR)部門在企業永續發展架構中日益發揮著不可或缺的戰略作用,資訊不僅是一種力量,也是一種能夠深刻影響投資者信心和資本流動的「軟貨幣」。</span><a href="https://vietstock.vn/2025/08/nha-dau-tu-co-cach-rieng-de-trung-phat-doanh-nghiep-ir-yeu-830-1344204.htm"><span dir="auto">>>></span></a></p> <p class="pBody"><span dir="auto">*</span><strong><span dir="auto">獨棟房屋交易:限制風險的法律條件和注意事項</span></strong><span dir="auto">。獨棟房屋交易是越南房地產市場上一種流行且重要的交易類型,通常發生在個人或組織之間,直接買賣現有房屋或未來為居住或投資目的而建造的房屋。</span><a href="https://vietstock.vn/2025/08/giao-dich-nha-o-don-le-dieu-kien-phap-ly-va-nhung-luu-y-han-che-rui-ro-4220-1340107.htm"><span dir="auto">>>></span></a></p> <p class="pBody"><span dir="auto">*</span><strong><span dir="auto">淨利差面臨壓力,銀行將推出哪些產品來因應?</span></strong><span dir="auto">支付帳戶中的資金是銀行成本最低的資金來源,因此維持並增加這項「黃金資源」將為提高淨利差帶來優勢。然而,由於利率幾乎可以忽略不計,客戶通常不願意將「死錢」留在支付帳戶中。因此,銀行被迫尋找新的方法來更長時間地保持支付帳戶中的現金流。</span><a href="https://vietstock.vn/2025/08/bien-lai-rong-chiu-ap-luc-ngan-hang-tung-san-pham-gi-de-ung-pho-757-1340004.htm"><span dir="auto">>>></span></a></p> <p class="pBody"><span dir="auto">*</span><strong><span dir="auto">投資基金交易淡靜</span></strong><span dir="auto">。 2025年8月18日至22日當週,投資基金交易較為淡靜,而</span><a href="https://finance.vietstock.vn/ket-qua-giao-dich/vietnam.aspx?languageid=1" target="_blank" rel="noopener noreferrer"><span dir="auto">VN指數</span></a><span dir="auto">則呈現進入高增長期的跡象。</span><a href="https://vietstock.vn/2025/08/giao-dich-quy-dau-tu-tram-lang-3358-1345014.htm"><span dir="auto">>>></span></a></p> <p class="pBody"><span dir="auto">*</span><strong><span dir="auto">在銀行集團和 Vingroup 的支持下,</span><span dir="auto">VN 指數</span><span dir="auto">保持上漲勢頭</span></strong><span dir="auto">。在 8 月 18 日至 22 日的動盪一周中,</span><span dir="auto">VN 指數</span><span dir="auto">仍然上漲超過 15 點。主要上漲力量來自銀行支柱和兩家 Vingroup 代表,而</span><a href="https://finance.vietstock.vn/HPG-ctcp-tap-doan-hoa-phat.htm?languageid=1" target="_blank" rel="noopener noreferrer"><span dir="auto">HPG</span></a><span dir="auto">則是指數下跌最強勁的成分股。</span><a href="https://vietstock.vn/2025/08/nhom-ngan-hang-va-vingroup-nang-do-vn-index-giu-vung-da-tang-830-1344990.htm"><span dir="auto">>>></span></a></p> <p class="pBody"><span dir="auto">*</span><strong><span dir="auto">守德縣一個超過10兆越南盾計畫的業主集團需要現金流來償還巨額債務</span></strong><span dir="auto">。迫於償還債券債務的壓力,四家企業集團正在加緊辦理股份轉讓和抵押品追加手續,該項目位於胡志明市守德縣,總投資超過10兆越南盾。</span><a href="https://vietstock.vn/2025/08/vong-xoay-tien-de-tra-no-khung-cua-nhom-chu-mot-du-an-hon-10-ngan-ty-o-thu-duc-3118-1343750.htm"><span dir="auto">>>></span></a></p> <p class="pBody"><span dir="auto">*</span><strong><span dir="auto">投資投資者關係 (IR) 就是投資信任。 FPT</span></strong><a href="https://finance.vietstock.vn/FPT-ctcp-fpt.htm?languageid=1" target="_blank" rel="noopener noreferrer"><span dir="auto">證券</span></a><span dir="auto">胡志明市分公司企業財務諮詢總監 Dinh Quang Thuan 先生在接受筆者採訪時表示,最佳的投資者關係 (IR) 模型是多種因素的結合,包括專業團隊、直接參與的領導者、外部諮詢團隊和支援工具。投資投資者關係 (IR) 並非損失成本,而是投資信任——它有助於企業留住現有投資者、吸引新投資者、提高流動性和估值。</span><a href="https://vietstock.vn/2025/08/dau-tu-vao-ir-la-khoan-dau-tu-vao-niem-tin-830-1344173.htm"><span dir="auto">>>></span></a></p> <p class="pBody"><span dir="auto">* </span><strong><span dir="auto">Viglacera 重組房地產業務,計劃剝離兩家子公司的資本。 Viglacera 集團(股份公司, </span></strong><a href="https://finance.vietstock.vn/HOSE-so-giao-dich-chung-khoan-thanh-pho-ho-chi-minh.htm?languageid=1" target="_blank" rel="noopener noreferrer"><span dir="auto">HOSE</span></a><span dir="auto"> : </span><a href="https://finance.vietstock.vn/VGC-tong-cong-ty-viglacera-ctcp.htm?languageid=1" target="_blank" rel="noopener noreferrer"><span dir="auto">VGC</span></a><span dir="auto"> )董事會剛剛批准了一項重組房地產業務的計劃,以落實集團新時期戰略發展方向中的任務。</span><a href="https://vietstock.vn/2025/08/viglacera-tai-cau-truc-mang-bat-dong-san-tinh-duong-thoai-von-hai-cong-ty-con-737-1344982.htm"><span dir="auto">>>></span></a></p> <p class="pBody"><span dir="auto">*</span><strong><span dir="auto">大發集團董事長黎維興繼續以證券公司抵押的方式出售超過1470萬股</span></strong><span dir="auto">。在8月19日至21日的短短三個交易日內,</span><a href="https://finance.vietstock.vn/DFF-ctcp-tap-doan-dua-fat.htm?languageid=1" target="_blank" rel="noopener noreferrer"><span dir="auto">大發集團董事長</span></a> <a href="https://finance.vietstock.vn/lanh-dao-doanh-nghiep/le-duy-hung/23511.htm" target="_blank" rel="noopener noreferrer"><span dir="auto">黎維興</span></a><span dir="auto">就被一家證券公司以抵押方式出售超過1470萬股股份,導致其持股比例從42.16%大幅下降至23.73%,而該公司連續八個季度虧損。</span><a href="https://vietstock.vn/2025/08/chu-tich-dua-fat-tiep-tuc-bi-ban-giai-chap-hon-147-trieu-cp-739-1344813.htm"><span dir="auto">>>></span></a></p> <p class="pBody"><span dir="auto">*德先生與其子股權互換之際, <strong><a href="https://finance.vietstock.vn/HAG-ctcp-hoang-anh-gia-lai.htm?languageid=1" target="_blank" rel="noopener noreferrer">HAG</a></strong></span><strong><span dir="auto">股價擺脫警戒,創十年新高</span></strong><span dir="auto">。德先生剛剛出售了2500萬股</span><span dir="auto">HAG股票,而其子則透過協議購買了2700萬股。這筆交易發生之時, </span><span dir="auto">HAG</span><span dir="auto">股價正值十年新高,並在近三年後正式擺脫警戒狀態。</span><a href="https://vietstock.vn/2025/08/co-phieu-hag-thoat-canh-bao-lap-dinh-10-nam-giua-cuoc-hoan-doi-so-huu-cua-cha-con-bau-duc-739-1344979.htm"><span dir="auto">>>></span></a></p> <p class="pBody"><span dir="auto">*</span><strong><span dir="auto">熱點:川普啟動家具調查,或於今年加徵關稅</span></strong><span dir="auto">。 8月22日,美國總統川普宣布,美國政府已啟動對進口家具的調查,為對多種產品徵收新關稅鋪路。</span><a href="https://vietstock.vn/2025/08/nong-ong-trump-khoi-dong-dieu-tra-do-noi-that-co-the-ap-thue-trong-nam-nay-775-1344975.htm"><span dir="auto">>>></span></a></p> <p class="pBody"><span dir="auto">*</span><strong><span dir="auto">中國收緊戰略稀土供應配額</span></strong><span dir="auto">。中國收緊稀土開採配額,嚴格管理稀土開採、冶煉和分離,加強能源轉型關鍵原料供應的管控。</span><a href="https://vietstock.vn/2025/08/trung-quoc-siet-chat-han-ngach-cung-cap-dat-hiem-chien-luoc-775-1344984.htm"><span dir="auto">>>></span></a></p> <p class="pBody"><span dir="auto">*</span><strong><span dir="auto">養豬業繼續獲利狂歡</span></strong><span dir="auto">。繼第一季的盛大狂歡之後,2025年第二季度,養豬企業繼續大放異彩,幾乎所有行業巨頭都獲得了巨額利潤。</span><a href="https://vietstock.vn/2025/08/nganh-chan-nuoi-heo-keo-dai-bua-tiec-loi-nhuan-737-1344276.htm"><span dir="auto">>>></span></a></p> <p class="pBody"><span dir="auto">*</span><strong><span dir="auto">黎黃珠先生暢談如何讓房地產市場這只「看不見的手」發揮作用</span></strong><span dir="auto">。胡志明市房地產協會(HoREA)主席黎黃珠先生表示,以目前的收入水平來看,擁有一棟房子的夢想對每個人來說都還不是夢。</span><a href="https://vietstock.vn/2025/08/ong-le-hoang-chau-noi-cach-de-ban-tay-vo-hinh-cua-thi-truong-bds-phat-huy-tac-dung-4220-1344968.htm"><span dir="auto">>>></span></a></p> <p class="pBody"><span dir="auto">*</span><strong><span dir="auto">是時候邁向 MSCI 的市場升級標準了</span></strong><span dir="auto">。越南股市現已滿足富時羅素在 2025 年 9 月的評估中將其從前沿市場升級為新興市場的條件。現在是時候邁向 MSCI 的更高標準了。</span><a href="https://vietstock.vn/2025/08/da-den-luc-huong-toi-chuan-nang-hang-thi-truong-cua-msci-145-1344974.htm"><span dir="auto">>>></span></a></p> <p class="pBody"><span dir="auto">*</span><strong><span dir="auto">聯準會降息機率升至90%</span></strong><span dir="auto">。在主席鮑威爾暗示可能降息後,聯準會9月降息的可能性大幅上升。</span><a href="https://vietstock.vn/2025/08/xac-suat-fed-giam-lai-suat-tang-len-90-775-1344967.htm"><span dir="auto">>>></span></a></p> <p class="pBody"><span dir="auto">*</span><strong><span dir="auto">熱點:聯準會主席暗示降息</span></strong><span dir="auto">。 8月22日,聯準會主席鮑威爾暗示近期將調整利率,同時強調高度的不確定性使聯準會的工作變得困難。</span><a href="https://vietstock.vn/2025/08/nong-chu-tich-fed-phat-tin-hieu-cat-giam-lai-suat-775-1344964.htm"><span dir="auto">>>></span></a></p> <p class="pBody"><span dir="auto">*</span><strong><span dir="auto">區塊鏈投資公司股票連續5個交易日觸頂。 8月22日收盤, </span></strong><a href="https://finance.vietstock.vn/HVA-ctcp-dau-tu-hva.htm?languageid=1" target="_blank" rel="noopener noreferrer"><span dir="auto">HVA</span></a><span dir="auto"> Investment JSC (UPCoM:HVA )旗下</span><span dir="auto">HVA</span><span dir="auto">投資股份公司股票價格止於29,600越南盾/股,僅一個月內就上漲了127%,幾乎是2025年初的5倍。 8月15日至21日,該股票價格連續觸頂。<a href="https://vietstock.vn/2025/08/co-phieu-doanh-nghiep-dau-tu-blockchain-tang-tran-5-phien-lien-tiep-830-1344846.htm">>>></a></span></p> <p class="pBody"><span dir="auto">*</span><strong><span dir="auto">年輕人容易找到房地產的真正價值嗎?</span></strong><span dir="auto">許多年輕人在購買房地產(尤其是公寓)時會問的一個問題是如何確定其真正價值。</span><a href="https://vietstock.vn/2025/08/nguoi-tre-tim-kiem-gia-tri-thuc-cua-bat-dong-san-co-de-4220-1344756.htm"><span dir="auto">>>></span></a></p> <p class="pBody"><span dir="auto">* </span><strong><span dir="auto">Gilimex 計劃向亞馬遜索賠</span><span dir="auto">2.8 億美元</span><span dir="auto">,並承諾如果勝訴將獲得巨額回報,導致股價暴跌</span></strong><span dir="auto">。在與亞馬遜多年的糾紛之後,Gilimex 將在 2025 年臨時股東大會上向股東提交解決方案。該公司計劃在扣除成本和損失後,將 20% 的收益用於法律諮詢,20% 的收益用於領導和員工的獎金。這項消息立即導致</span><a href="https://finance.vietstock.vn/GIL-ctcp-san-xuat-kinh-doanh-va-xuat-nhap-khau-binh-thanh.htm?languageid=1" target="_blank" rel="noopener noreferrer"><span dir="auto">GIL</span></a><span dir="auto">股價在 8 月 22 日的交易中暴跌。</span><a href="https://vietstock.vn/2025/08/gilimex-tinh-duong-doi-280-trieu-usd-tu-amazon-hua-thuong-lon-neu-thang-kien-co-phieu-bat-tang-tran-737-1344707.htm"><span dir="auto">>>></span></a></p> <p class="pBody"><span dir="auto">* </span><strong><span dir="auto">Loc Troi 董事會的唯一候選人來自安江彩券。安江彩券董事武忠勇先生是 Loc Troi 集團股份公司 (UPCoM: </span></strong><a href="https://finance.vietstock.vn/LTG-ctcp-tap-doan-loc-troi.htm?languageid=1" target="_blank" rel="noopener noreferrer"><span dir="auto">LTG</span></a><span dir="auto"> )董事會成員的唯一候選人,任期為 2024-2029 年,接替於 2024 年 8 月辭職的約翰·斯文·理查德·博登先生。</span><a href="https://vietstock.vn/2025/08/ung-vien-hdqt-duy-nhat-cua-loc-troi-den-tu-xo-so-kien-thiet-an-giang-214-1344655.htm"><span dir="auto">>>></span></a></p> <p class="pBody"><span dir="auto">*</span><strong><span dir="auto">在土地管理中運用公私合作機制,何樂而不為?</span></strong><span dir="auto">再一次,現行法律架構下的土地管理成為發展的瓶頸,而實施一年多的2024年《土地法》已經暴露出需要修改的問題… </span><a href="https://vietstock.vn/2025/08/ap-dung-co-che-doi-tac-cong-tu-trong-quan-tri-dat-dai-tai-sao-khong-4220-1344646.htm"><span dir="auto">>>></span></a></p> <p class="pBody"><span dir="auto">*</span><strong><span dir="auto">建築業獲利成長放緩,債務負擔沉重</span></strong><span dir="auto">。 2025年第二季的業績展現了建築業的輝煌景象,許多企業的利潤增長了數倍,但也有許多企業繼續深陷虧損和長期債務壓力之中。</span><a href="https://vietstock.vn/2025/08/loi-nhuan-nganh-xay-dung-hut-hoi-cong-no-nang-vai-737-1344496.htm"><span dir="auto">>>></span></a></p> <p class="pBody"><span dir="auto">* </span><strong><span dir="auto">HAGL 彌補了累積虧損,但對持續經營能力存疑,並確認「擁有足夠的現金流維持營運」 。儘管黃英嘉萊股份公司(HAGL, </span></strong><span dir="auto">HOSE</span><span dir="auto">:</span><span dir="auto">HAG</span><span dir="auto"> )報告稱,2025 年上半年實現淨利潤近 8340 億越南盾,並彌補了累計虧損,但審計師仍指出,由於短期債務超過短期資產超過 2.7 萬億越南盾,且違反了債券承諾,該公司存在持續經營風險。該公司確認,已製定計劃,透過債務重組、發行債券以及香蕉和榴槤出口來循環利用現金流。</span><a href="https://vietstock.vn/2025/08/xoa-lo-luy-ke-nhung-bi-nghi-ngo-kha-nang-hoat-dong-lien-tuc-hagl-khang-dinh-co-dong-tien-de-di-tiep-737-1344580.htm"><span dir="auto">>>></span></a></p> <p class="pBody"><span dir="auto">* </span><strong><span dir="auto">GELEX 計劃支付超過 7,200 億歐元的預付股息,並計劃對 GELEX Infrastructure 進行 IPO。 GELEX</span></strong><span dir="auto">集團公司 ( </span><span dir="auto">HOSE</span><span dir="auto"> : </span><a href="https://finance.vietstock.vn/GEX-ctcp-tap-doan-gelex.htm?languageid=1" target="_blank" rel="noopener noreferrer"><span dir="auto">GEX</span></a><span dir="auto"> ) 宣布,將以 8% 的利率預付 2025 年現金股息,記錄日期為 9 月 11 日。</span><a href="https://vietstock.vn/2025/08/gelex-du-chi-hon-720-ty-tam-ung-co-tuc-len-ke-hoach-ipo-ha-tang-gelex-737-1344572.htm"><span dir="auto">>>></span></a></p> <p class="pBody"><span dir="auto">*</span><strong><span dir="auto">第二季的海鮮利用了與美國的稅收「缺口」</span></strong><span dir="auto">。 2025年第二季度,由於美國將互惠稅的徵收期限再推遲3個月(至7月9日之後),為企業加快向主要市場交貨創造了條件,海產品出口,尤其是巴沙魚,收入和利潤實現了突破。</span><a href="https://vietstock.vn/2025/08/thuy-san-quy-2-tan-dung-khoang-trong-thue-tu-my-737-1343443.htm"><span dir="auto">>>></span></a></p> <p class="pBody"><span dir="auto">*</span><strong><span dir="auto">房地產市場:需求已趨於平穩,但可負擔住房供應仍然緊張</span></strong><span dir="auto">。畢竟,越南年輕人擁有首套住房的夢想很大程度上取決於能否打破供應方面的瓶頸。近期的寬鬆貨幣政策顯著改善了房屋貸款的可及性,但同時,在供應緊張的情況下,也無意中推高了房價——這是一個不受歡迎的副作用</span><a href="https://vietstock.vn/2025/08/thi-truong-nha-o-cau-da-thong-cung-vua-tui-tien-van-tac-4220-1344549.htm"><span dir="auto">>>></span></a></p> <p class="pBody"><span dir="auto">*</span><strong><span dir="auto">建構資本市場信任</span></strong><span dir="auto">。在金融市場日益發達、市場對透明度要求日益提高的背景下,企業資訊揭露品質已成為影響投資決策、市場信心和企業融資管道的關鍵因素。然而,現實情況是,儘管上市公司資訊揭露品質已有顯著提升,但仍有許多不足之處。</span><a href="https://vietstock.vn/2025/08/kien-tao-niem-tin-tren-thi-truong-von-830-1342764.htm"><span dir="auto">>>></span></a></p> <p class="pBody"><span dir="auto">*</span><strong><span dir="auto">聯準會主席今晚將發表講話,投資者需要關注這四點 </span></strong><span dir="auto">。聯準會主席鮑威爾即將在央行年度會議上發表重要講話——這可能是他作為主席的最後一次講話,因為聯準會正經歷其歷史上最動蕩的時期之一。</span><a href="https://vietstock.vn/2025/08/chu-tich-fed-sap-phat-bieu-toi-nay-nha-dau-tu-can-chu-y-4-diem-nay-775-1344536.htm"><span dir="auto">>>></span></a></p> <p class="pBody"><span dir="auto">*</span><strong><span dir="auto">房企又「換名換裝」了</span></strong><span dir="auto">。為了迎接新的市場週期,不少上市房企紛紛“換名換裝”,既是為了吸引合作夥伴,也是為了展現未來的發展方向。</span><a href="https://vietstock.vn/2025/08/doanh-nghiep-bat-dong-san-lai-thay-ten-doi-ao-737-1339038.htm"><span dir="auto">>>></span></a></p> <p class="pBody"><span dir="auto">*</span><strong><span dir="auto">對四家銀行下調50%存款準備率的理由</span></strong><span dir="auto">。對接受特殊監管銀行轉移的銀行,下調50%存款準備率有助於這些銀行擴大信貸規模、節省成本,並促進子公司的重組。然而,有必要識別並制定控制和預防措施,以防止該支持機制被濫用。</span><a href="https://vietstock.vn/2025/08/cai-ly-cua-viec-giam-50-ty-le-du-tru-bat-buoc-voi-bon-ngan-hang-757-1344482.htm"><span 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