NGÀY CTR NGÀY PMC NGÀY VIC

1/6/2023 72,800 1/6/2023 71,000 1/6/2023 52,000 1/6/2023

31/05/2023 71,000 31/05/2023 67,500 31/05/2023 52,000 31/05/2023
30/05/2023 70,500 30/05/2023 69,000 30/05/2023 52,400 30/05/2023
29/05/2023 70,300 29/05/2023 69,000 29/05/2023 52,700 29/05/2023
26/05/2023 69,900 26/05/2023 69,000 26/05/2023 52,000 26/05/2023
25/05/2023 71,400 25/05/2023 69,000 25/05/2023 52,600 25/05/2023
24/05/2023 70,700 24/05/2023 69,000 24/05/2023 52,600 24/05/2023
23/05/2023 70,900 23/05/2023 69,000 23/05/2023 52,600 23/05/2023
22/05/2023 69,000 22/05/2023 69,000 22/05/2023 52,100 22/05/2023
19/05/2023 66,700 19/05/2023 69,000 19/05/2023 52,500 19/05/2023
18/05/2023 65,700 18/05/2023 69,000 18/05/2023 53,200 18/05/2023
17/05/2023 66,000 17/05/2023 65,700 17/05/2023 53,200 17/05/2023
16/05/2023 66,600 16/05/2023 69,000 16/05/2023 52,900 16/05/2023
15/05/2023 67,200 15/05/2023 71,000 15/05/2023 54,400 15/05/2023
12/5/2023 67,200 12/5/2023 71,600 12/5/2023 51,700 12/5/2023
11/5/2023 66,500 11/5/2023 71,300 11/5/2023 50,500 11/5/2023
10/5/2023 65,100 10/5/2023 69,600 10/5/2023 50,600 10/5/2023
9/5/2023 65,800 9/5/2023 63,700 9/5/2023 50,600 9/5/2023
8/5/2023 65,600 8/5/2023 70,000 8/5/2023 50,900 8/5/2023
5/5/2023 64,000 5/5/2023 65,000 5/5/2023 50,700 5/5/2023
4/5/2023 63,100 4/5/2023 65,000 4/5/2023 51,300 4/5/2023
28/04/2023 66,500 28/04/2023 66,900 28/04/2023 52,100 28/04/2023
27/04/2023 66,000 27/04/2023 66,900 27/04/2023 50,500 27/04/2023
26/04/2023 66,400 26/04/2023 71,000 26/04/2023 51,900 26/04/2023
25/04/2023 65,200 25/04/2023 72,500 25/04/2023 52,500 25/04/2023
24/04/2023 62,500 24/04/2023 72,500 24/04/2023 52,600 24/04/2023
21/04/2023 63,300 21/04/2023 67,900 21/04/2023 52,700 21/04/2023
20/04/2023 63,700 20/04/2023 67,900 20/04/2023 52,600 20/04/2023
19/04/2023 64,100 19/04/2023 68,200 19/04/2023 52,600 19/04/2023
18/04/2023 64,700 18/04/2023 68,200 18/04/2023 52,800 18/04/2023
17/04/2023 64,400 17/04/2023 68,100 17/04/2023 52,900 17/04/2023
14/04/2023 64,000 14/04/2023 68,000 14/04/2023 52,900 14/04/2023
13/04/2023 65,400 13/04/2023 68,000 13/04/2023 53,000 13/04/2023
12/4/2023 65,200 12/4/2023 70,100 12/4/2023 53,100 12/4/2023
11/4/2023 66,400 11/4/2023 67,900 11/4/2023 53,600 11/4/2023
10/4/2023 63,600 10/4/2023 67,900 10/4/2023 53,800 10/4/2023
7/4/2023 64,000 7/4/2023 67,900 7/4/2023 54,400 7/4/2023
6/4/2023 65,600 6/4/2023 67,900 6/4/2023 54,500 6/4/2023
5/4/2023 64,200 5/4/2023 67,600 5/4/2023 55,500 5/4/2023
4/4/2023 62,400 4/4/2023 67,600 4/4/2023 56,800 4/4/2023
3/4/2023 62,500 3/4/2023 74,700 3/4/2023 58,000 3/4/2023
31/03/2023 61,000 31/03/2023 83,000 31/03/2023 55,000 31/03/2023
30/03/2023 59,500 30/03/2023 77,900 30/03/2023 53,700 30/03/2023
29/03/2023 56,700 29/03/2023 77,900 29/03/2023 53,500 29/03/2023
28/03/2023 56,800 28/03/2023 73,500 28/03/2023 53,400 28/03/2023
27/03/2023 56,100 27/03/2023 71,400 27/03/2023 53,300 27/03/2023
24/03/2023 55,900 24/03/2023 67,000 24/03/2023 53,300 24/03/2023
23/03/2023 55,800 23/03/2023 67,000 23/03/2023 52,800 23/03/2023
22/03/2023 55,800 22/03/2023 67,000 22/03/2023 52,800 22/03/2023
21/03/2023 55,800 21/03/2023 67,000 21/03/2023 52,800 21/03/2023
20/03/2023 55,500 20/03/2023 67,000 20/03/2023 52,800 20/03/2023
17/03/2023 56,200 17/03/2023 67,000 17/03/2023 53,200 17/03/2023
16/03/2023 56,600 16/03/2023 67,000 16/03/2023 53,300 16/03/2023
15/03/2023 56,600 15/03/2023 67,000 15/03/2023 54,000 15/03/2023
14/03/2023 55,400 14/03/2023 66,800 14/03/2023 53,000 14/03/2023
13/03/2023 56,300 13/03/2023 66,500 13/03/2023 53,300 13/03/2023
10/3/2023 57,000 10/3/2023 66,500 10/3/2023 53,100 10/3/2023
9/3/2023 57,500 9/3/2023 66,500 9/3/2023 53,000 9/3/2023
8/3/2023 57,500 8/3/2023 66,500 8/3/2023 53,000 8/3/2023
7/3/2023 56,300 7/3/2023 69,000 7/3/2023 52,700 7/3/2023
6/3/2023 56,200 6/3/2023 69,000 6/3/2023 52,600 6/3/2023
3/3/2023 55,900 3/3/2023 69,200 3/3/2023 52,700 3/3/2023
2/3/2023 56,200 2/3/2023 70,100 2/3/2023 52,800 2/3/2023
1/3/2023 57,000 1/3/2023 70,000 1/3/2023 52,700 1/3/2023
28/02/2023 54,900 28/02/2023 69,300 28/02/2023 52,600 28/02/2023
27/02/2023 55,400 27/02/2023 69,200 27/02/2023 52,500 27/02/2023
24/02/2023 56,800 24/02/2023 69,100 24/02/2023 52,900 24/02/2023
23/02/2023 58,000 23/02/2023 69,100 23/02/2023 53,000 23/02/2023
22/02/2023 57,000 22/02/2023 69,100 22/02/2023 53,000 22/02/2023
21/02/2023 59,500 21/02/2023 69,000 21/02/2023 54,300 21/02/2023
20/02/2023 60,200 20/02/2023 68,800 20/02/2023 54,100 20/02/2023
17/02/2023 57,800 17/02/2023 68,800 17/02/2023 53,500 17/02/2023
16/02/2023 58,500 16/02/2023 68,800 16/02/2023 53,400 16/02/2023
15/02/2023 57,000 15/02/2023 68,200 15/02/2023 52,900 15/02/2023
14/02/2023 57,000 14/02/2023 68,100 14/02/2023 52,900 14/02/2023
13/02/2023 57,600 13/02/2023 68,100 13/02/2023 53,400 13/02/2023
10/2/2023 60,900 10/2/2023 67,200 10/2/2023 54,000 10/2/2023
9/2/2023 60,800 9/2/2023 67,200 9/2/2023 54,200 9/2/2023
8/2/2023 61,300 8/2/2023 67,200 8/2/2023 54,400 8/2/2023
7/2/2023 60,900 7/2/2023 67,200 7/2/2023 55,000 7/2/2023
6/2/2023 60,200 6/2/2023 67,000 6/2/2023 56,000 6/2/2023
3/2/2023 61,800 3/2/2023 66,600 3/2/2023 56,000 3/2/2023
2/2/2023 61,200 2/2/2023 66,500 2/2/2023 55,800 2/2/2023
1/2/2023 61,000 1/2/2023 66,500 1/2/2023 55,200 1/2/2023
31/01/2023 62,000 31/01/2023 68,200 31/01/2023 57,100 31/01/2023
30/01/2023 60,900 30/01/2023 68,200 30/01/2023 57,700 30/01/2023
27/01/2023 60,700 27/01/2023 68,200 27/01/2023 59,200 27/01/2023
19/01/2023 58,800 19/01/2023 68,200 19/01/2023 57,400 19/01/2023
18/01/2023 59,800 18/01/2023 71,000 18/01/2023 56,700 18/01/2023
17/01/2023 56,200 17/01/2023 71,000 17/01/2023 55,200 17/01/2023
16/01/2023 53,700 16/01/2023 71,000 16/01/2023 54,800 16/01/2023
13/01/2023 53,700 13/01/2023 71,000 13/01/2023 55,000 13/01/2023
12/1/2023 53,700 12/1/2023 68,000 12/1/2023 55,000 12/1/2023
11/1/2023 53,600 11/1/2023 73,500 11/1/2023 55,100 11/1/2023
10/1/2023 52,500 10/1/2023 67,100 10/1/2023 54,500 10/1/2023
9/1/2023 52,800 9/1/2023 66,000 9/1/2023 55,000 9/1/2023
6/1/2023 52,500 6/1/2023 66,000 6/1/2023 56,100 6/1/2023
5/1/2023 53,200 5/1/2023 70,800 5/1/2023 56,200 5/1/2023
4/1/2023 52,900 4/1/2023 78,000 4/1/2023 56,000 4/1/2023
3/1/2023 53,000 3/1/2023 81,000 3/1/2023 56,800 3/1/2023
30/12/2022 50,400 30/12/2022 85,000 30/12/2022 53,800 30/12/2022
29/12/2022 50,600 29/12/2022 81,900 29/12/2022 53,600 29/12/2022
28/12/2022 51,000 28/12/2022 75,000 28/12/2022 53,500 28/12/2022
27/12/2022 51,000 27/12/2022 73,900 27/12/2022 53,400 27/12/2022
26/12/2022 50,000 26/12/2022 73,000 26/12/2022 52,900 26/12/2022
23/12/2022 52,500 23/12/2022 71,000 23/12/2022 55,100 23/12/2022
22/12/2022 52,000 22/12/2022 70,400 22/12/2022 55,000 22/12/2022
21/12/2022 51,600 21/12/2022 66,800 21/12/2022 54,900 21/12/2022
20/12/2022 53,000 20/12/2022 70,400 20/12/2022 55,900 20/12/2022
19/12/2022 54,900 19/12/2022 66,800 19/12/2022 56,500 19/12/2022
16/12/2022 56,900 16/12/2022 66,800 16/12/2022 58,400 16/12/2022
15/12/2022 55,300 15/12/2022 66,800 15/12/2022 60,600 15/12/2022
14/12/2022 54,300 14/12/2022 66,800 14/12/2022 60,800 14/12/2022
13/12/2022 53,000 13/12/2022 66,800 13/12/2022 61,600 13/12/2022
12/12/2022 52,500 12/12/2022 66,800 12/12/2022 63,100 12/12/2022
9/12/2022 51,200 9/12/2022 66,800 9/12/2022 67,800 9/12/2022
8/12/2022 50,400 8/12/2022 66,800 8/12/2022 69,900 8/12/2022
7/12/2022 47,900 7/12/2022 66,600 7/12/2022 71,200 7/12/2022
6/12/2022 50,300 6/12/2022 66,600 6/12/2022 66,600 6/12/2022
5/12/2022 52,000 5/12/2022 66,600 5/12/2022 68,100 5/12/2022
2/12/2022 51,900 2/12/2022 66,600 2/12/2022 68,800 2/12/2022
1/12/2022 49,400 1/12/2022 66,600 1/12/2022 66,000 1/12/2022
30/11/2022 52,500 30/11/2022 66,600 30/11/2022 69,600 30/11/2022
29/11/2022 49,600 29/11/2022 66,600 29/11/2022 69,400 29/11/2022
28/11/2022 48,150 28/11/2022 66,000 28/11/2022 65,000 28/11/2022
25/11/2022 45,000 25/11/2022 66,000 25/11/2022 65,000 25/11/2022
24/11/2022 43,600 24/11/2022 66,000 24/11/2022 61,000 24/11/2022
23/11/2022 44,100 23/11/2022 66,000 23/11/2022 59,700 23/11/2022
22/11/2022 42,650 22/11/2022 66,000 22/11/2022 61,000 22/11/2022
21/11/2022 42,100 21/11/2022 66,000 21/11/2022 64,000 21/11/2022
18/11/2022 40,600 18/11/2022 66,000 18/11/2022 65,600 18/11/2022
17/11/2022 39,950 17/11/2022 66,000 17/11/2022 64,600 17/11/2022
16/11/2022 39,400 16/11/2022 66,000 16/11/2022 60,400 16/11/2022
15/11/2022 37,700 15/11/2022 66,000 15/11/2022 57,000 15/11/2022
14/11/2022 40,500 14/11/2022 65,000 14/11/2022 55,000 14/11/2022
11/11/2022 43,500 11/11/2022 68,500 11/11/2022 54,300 11/11/2022
10/11/2022 42,600 10/11/2022 68,500 10/11/2022 53,000 10/11/2022
9/11/2022 45,800 9/11/2022 68,500 9/11/2022 53,700 9/11/2022
8/11/2022 45,400 8/11/2022 62,800 8/11/2022 53,300 8/11/2022
7/11/2022 46,250 7/11/2022 62,800 7/11/2022 53,400 7/11/2022
4/11/2022 49,700 4/11/2022 62,800 4/11/2022 54,300 4/11/2022
3/11/2022 52,300 3/11/2022 62,800 3/11/2022 55,100 3/11/2022
2/11/2022 53,600 2/11/2022 62,800 2/11/2022 55,400 2/11/2022
1/11/2022 54,700 1/11/2022 62,800 1/11/2022 55,400 1/11/2022
VNI
8,600
8,600
8,600
8,600
8,600
8,700
8,700
8,700
8,700
8,700
8,700
8,700
8,700
8,700
8,700
8,800
8,800
8,800
8,800
8,800
10,300
10,300
9,900
9,900
9,900
9,900
9,300
9,300
9,300
9,300
9,300
9,000
8,500
8,500
8,500
8,500
8,500
8,500
8,500
8,500
8,500
8,500
8,500
8,500
 8,500
8,500
8,500
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
11,000
11,000
11,000
11,000
11,000
11,000
11,000
11,000
11,000
11,000
11,000
11,000
11,000
11,000
11,000
11,000
11,000
11,000
11,000
11,000
10,100
10,100
10,100
10,100
10,100
10,100
10,100
10,100
10,100
10,100
10,100
10,100
10,100
10,100
10,100
10,100
10,100
10,100
10,100
10,100
10,100
10,100
10,100
10,100
10,100
10,100
10,100
10,100
10,100
10,100
10,100
10,100
10,100
10,200
10,300
10,300
10,300
10,300
10,300
10,300
10,300
10,300
10,300
10,300
11,000
11,000
11,000
 GIÁ (Pi)
THÁNG PMC VIC CTR VNI
11 62,800 52,000 54,700 11,000
12 66,600 51,300 49,400 10,100
1 81,000 58,000 53000 10,100
2 66,500 52,700 61000 11,000
3 70,000 55,200 57000 10,000
4 74,700 56,800 62,500 8,500
5 65,000 66,000 63,100 10,300
6 71,000 55,400 72,800 8,600
 Giá Tsln
tháng Chỉ số Vnindex VIC CTR Chỉ số Vnindex VIC
11 11,000 52,000 54,700
12 10,100 51,300 49,400 -8.18% -1.35%
1 10,100 58,000 53000 0.00% 13.06%
2 11,000 52,700 61000 8.91% -9.14%
3 10,000 55,200 57000 -9.09% 4.74%
4 8,500 56,800 62,500 -15.00% 2.90%
5 10,300 66,000 63,100 21.18% 16.20%
6 8,600 55,400 72,800 -16.50% -16.06%
Tsln trung bình -2.67% 1.48%
Phương sai
Độ lệch chuẩn
Hiệp phương sai
Hệ số tương quan
BETA
E(Ra)=Rf + BETA((E(Rm)-Rf)
Tsln [Ri-E(Ri)]^2 [Ri-E(Ri)]*[Rj-E(Rj]
CTR Chỉ số Vnindex VIC CTR Chỉ số Vnindex - VIC Chỉ số Vnindex - CTR

-9.69% 0.30% 0.08% 2.04% 0.16% 0.79%

7.29% 0.07% 1.34% 0.07% 0.31% 0.07%
15.09% 1.34% 1.13% 1.10% -1.23% 1.22%
-6.56% 0.41% 0.11% 1.24% -0.21% 0.72%
9.65% 1.52% 0.02% 0.26% -0.17% -0.62%
0.96% 5.69% 2.17% 0.13% 3.51% -0.87%
15.37% 1.91% 3.08% 1.16% 2.43% -1.49%
4.59% 1.61% 1.13% 0.86%
1.87% 1.32% 1.00%
13.69% 11.49% 10.01%
0.68% -0.03%
0.43 -0.02
9.66% 7.45% 5.97%
 beta
VIC- CTR Rf VIC CTR
5.16%
0.40% 5.04%
0.31% 4.64%
-1.12% 4.53%
-0.36% 3.47%
0.07% 3.36%
-0.53% 3.22%
-1.89% 2.87%
4.04% 0.36 -0.01

-0.45%
-0.39
PMC

-0.56
-0.81
Dm w_VIC w_CTR E[RP] var(RP)
A 0 1 -39.00% 1.0%
B 0.1 0.9 -34.64% 0.7%
C 0.2 0.8 -30.28% 0.6%
D 0.3 0.7 -25.92% 0.4%
E 0.4 0.6 -21.56% 0.4%
A 0.5 0.5 -17.21% 0.4%
B 0.6 0.4 -12.85% 0.4%
C 0.7 0.3 -8.49% 0.5%
D 0.8 0.2 -4.13% 0.7%
E 0.9 0.1 0.23% 1.0%
A 1 0 4.59% 1.3%

E[Ri] Stdev Beta

VIC 1.48% 11.49% 0.38
CTR 4.59% 10.01% -0.08
Correlation -0.39
Rf tbinh 4.04%
stdev(RP)
10.01%
8.62% Mean/SD Trade-Off for Portfolios of VIC an
7.42% 10.00%

6.49%
5.97% 0.00%
5.97%
6.48%
7.41% -10.00%
8.61%

E[RP]
9.99%
-20.00%
11.49%

-30.00%

-40.00%

-50.00%
5.00% 6.00% 7.00% 8.00% 9.00%

stdev(RP)2
ff for Portfolios of VIC and CTR

8.00% 9.00% 10.00% 11.00% 12.00%

stdev(RP)2
Câu 2:

WACC = (E/V) x KE + (D/V) x KD x ( 1 - Tc) 20.78%

KE: Chi phí sử dụng vốn cổ phần (1) 24.00%
KD: Chi phí sử dụng nợ vay (2) 0.00%
E: Giá trị thị trường của Vốn cổ phần 427,782,034,298
D: Giá trị thị trường của Nợ phải trả 66,342,117,399
V: Tổng vốn dài hạn của doanh nghiệp (V = E + D) 494124151697
Tax: Thuế suất thuế TNDN 20%
D/v là nợ trên tổng vốn 0.13
e/v là vốn csh trên tổng vốn 0.87

TỔNG CỘNG NGUỒN VỐN 6,241,158,530,298

Câu 3:
Chi phí lãi vay 0
Thuế suất thuế TNDN 20%
Chi phí Khấu hao 12,542,000,000
Tiết kiệm thuế nhờ khấu hao = chi phí KH * thuế suất thuế T 2,508,400,000
Tiết kiệm thuế nhờ lãi vay = chi phí lãi vay * thuế suất thuế
TNDN 0

Lá chắn thuế từ cả lãi vay và khấu hao 2,508,400,000

nợ ngắn hạn 66,342,117,399
nợ dài hạn 0
Câu 2:
WACC = (E/V) x KE + (D/V) x KD x ( 1 - Tc) 0.00%
KE: Chi phí sử dụng vốn cổ phần (1)
KD: Chi phí sử dụng nợ vay (2)
E: Giá trị thị trường của Vốn cổ phần 135,655,449,000
D: Giá trị thị trường của Nợ phải trả 441,751,791,000
V: Tổng vốn dài hạn của doanh nghiệp (V = E + D) 577,407,240,000
Tax: Thuế suất thuế TNDN 20%
D/v là nợ trên tổng vốn 0.77
e/v là vốn csh trên tổng vốn 0.23

TỔNG CỘNG NGUỒN VỐN 6241158530298

Câu 3:
Chi phí lãi vay 9786976000
Thuế suất thuế TNDN 20%

Chi phí Khấu hao 204484000

Tiết kiệm thuế nhờ khấu hao = chi phí KH * thuế suất thuế TNDN 40896800

Tiết kiệm thuế nhờ lãi vay = chi phí lãi vay * thuế suất thuế TNDN 1957395200

Lá chắn thuế từ cả lãi vay và khấu hao 1998292000

BIDV
Vietcombank
Techcombank
MB
nợ ngắn hạn 298,411,509,000
nợ dài hạn 143,340,282,000