{"id":15707,"date":"2022-12-10T02:52:55","date_gmt":"2022-12-10T02:52:55","guid":{"rendered":"https:\/\/vanhoimoi.org\/?p=15707"},"modified":"2022-12-10T02:52:57","modified_gmt":"2022-12-10T02:52:57","slug":"tai-chanh-viet-nam-lien-tuc-chao-dao-nam-2023-the-tham-hon-nhieu","status":"publish","type":"post","link":"https:\/\/vanhoimoi.org\/?p=15707","title":{"rendered":"T\u00c0I CH\u00c1NH VI\u1ec6T NAM LI\u00caN T\u1ee4C CHAO \u0110\u1ea2O. N\u0102M 2023 TH\u00ca TH\u1ea2M H\u01a0N NHI\u1ec0U!<\/strong>
Tr\u1ea7n Nguy\u00ean Thao<\/span>"},"content":{"rendered":"
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Cu\u1ed1i th\u00e1ng 11, B\u1ed9 Tr\u01b0\u1edfng T\u00e0i Ch\u00e1nh H\u1ed3 \u0111\u1ee9c Ph\u01b0\u1edbc b\u00e1o \u0111\u1ed9ng \u201cB\u1ea5t \u0110\u1ed9ng S\u1ea3n (B\u0110S) \u2013 khu v\u1ef1c chi\u1ebfm t\u1edbi 22% GDP c\u1ee7a Vi\u1ec7t Nam, tr\u01b0\u1edbc nguy c\u01a1 v\u1ee1 bong b\u00f3ng<\/em>\u201d.<\/em><\/a> L\u00fd do ch\u00ednh l\u00e0 \u201cc\u1ea1n\u201d t\u00edn d\u1ee5ng, \u0111\u1ea9y Th\u1ecb Tr\u01b0\u1eddng T\u00e0i Ch\u00e1nh Vi\u00eat Nam l\u00e2m v\u00e0o c\u1ea3nh chao \u0111\u1ea3o li\u00ean t\u1ee5c. T\u00ecnh tr\u1ea1ng th\u00ea th\u1ea3m n\u00e0y ch\u1ec9 \u0111\u01b0\u1ee3c ng\u01b0\u1eddi gi\u1eef h\u1ea7u bao Nh\u00e0 N\u01b0\u1edbc \u0111\u01b0a ra tr\u01b0\u1edbc c\u00f4ng ch\u00fang sau v\u00e0i tu\u1ea7n Th\u1ee7 t\u01b0\u1edbng Ph\u1ea1m minh Ch\u00ednh th\u1eeba nh\u1eadn tr\u01b0\u1edbc k\u1ef3 h\u1ecdp th\u1ee9 4 c\u1ee7a Qu\u1ed1c H\u1ed9i, th\u1ecb tr\u01b0\u1eddng b\u1ea5t \u0111\u1ed9ng s\u1ea3n (B\u0110S) Vi\u1ec7t Nam c\u00f3 \u201cnhi\u1ec1u r\u1ee7i ro\u201d.<\/em> (https:\/\/vanhoimoi.org\/?p=15539<\/em><\/a>)<\/em><\/p>\n\n\n\n

Trong phi\u00ean h\u1ecdp N\u1ed9i C\u00e1c \u0111\u1ea7u th\u00e1ng 12, Th\u1ee7 T\u01b0\u1edbng Ch\u00ednh l\u1ea1i \u201ch\u1ea1 quy\u1ebft t\u00e2m\u201d l\u1eadp nhi\u1ec1u t\u1ed5 c\u00f4ng t\u00e1c \u0111\u1ec3 ch\u1ea5n ch\u1ec9nh (6) l\u00e3nh v\u1ef1c r\u1ea5t y\u1ebfu k\u00e9m \u0111ang l\u00e0m suy s\u1ee5p l\u00f2ng tin d\u00e2n ch\u00fang Vi\u1ec7t nam, g\u1ed3m th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n (TTCK), Tr\u00e1i Phi\u1ebfu Doanh Nghi\u1ec7p (TPDN), B\u0110S, Ti\u1ec1n t\u1ec7 & thanh kho\u1ea3n ng\u00e2n h\u00e0ng, V\u1eadt t\u01b0 y t\u1ebf, v\u00e0 nhi\u00ean li\u1ec7u. M\u1ed7i t\u1ed5 c\u00f4ng t\u00e1c giao cho m\u1ed9t vi\u00ean ch\u1ee9c cao c\u1ea5p trong N\u1ed9i C\u00e1c tr\u00e1ch nhi\u1ec7m.<\/p>\n\n\n

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Th\u1ecb Tr\u01b0\u1eddng Ti\u1ec1n T\u1ec7 v\u00e0 T\u00edn D\u1ee5ng Vi\u1ec7t Nam \u0111ang di\u1ec5n bi\u1ebfn r\u1ea5t ph\u00fac t\u1ea1p; l\u00e3i su\u1ea5t thi \u0111ua t\u0103ng cao, trong l\u00fac TTCK v\u1eeba tr\u1ea7m m\u00ecnh v\u00e0o th\u1eddi k\u1ef3 s\u1ee5t gi\u1ea3m m\u1ea1nh, c\u1ed1 phi\u1ebfu m\u1ea5t gi\u00e1 t\u1edbi 70%, khi\u1ebfn VN-Index m\u1ea5t 600 \u0111i\u1ec3m, t\u01b0\u01a1ng \u0111\u01b0\u01a1ng gi\u1ea3m 38% so v\u1edbi \u0111\u1ea7u n\u0103m 2022.<\/p>\n\n\n\n

Cu\u1ed1i th\u00e1ng 11 l\u00e3i su\u1ea5t g\u1edfi ti\u1ebft ki\u1ec7m t\u1ea1i m\u1ed9t v\u00e0i NHTM \u0111\u00e3 t\u0103ng tr\u00ean 11% m\u1ed7i n\u0103m. Nh\u01b0 v\u1eady c\u00f3 th\u1ec3 th\u1ea5y ngu\u1ed3n t\u00edn d\u1ee5ng b\u1ecb th\u1eaft ch\u1eb7t. V\u00ec ph\u00eda Ng\u00e2n H\u00e0ng Th\u01b0\u01a1ng M\u1ea1i (NHTM) mang kh\u1ed1i n\u1ee3 x\u1ea5u \u0111\u1ebfn n\u1ed7i c\u00f3 nhi\u1ec1u \u0111\u1ec1 ngh\u1ecb n\u00ean h\u00ecnh th\u00e0nh ch\u00ednh s\u00e1ch giao cho ph\u00eda C\u00f4ng An quy\u1ec1n t\u1ecbch thu t\u00e0i s\u1ea3n th\u1ebf ch\u1ea5p \u0111\u1ec3 tr\u1eeb n\u1ee3. <\/p>\n\n\n\n

Th\u1eddi gian g\u1ea7n \u0111\u00e2y \u201cTPDN\u201d tr\u1edf th\u00e0nh t\u1eeb kho\u00e1 n\u00f3ng thu h\u00fat \u0111\u00f4ng \u0111\u1ea3o s\u1ef1 quan t\u00e2m c\u1ee7a d\u01b0 lu\u1eadn v\u1edbi h\u00e0m \u00fd r\u1ea5t ti\u00eau c\u1ef1c, l\u00e0m s\u00f3i m\u00f2n ni\u1ec1m tin n\u01a1i nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u1ed1i v\u1edbi TPDN v\u00e0 c\u1ed5 phi\u1ebfu. S\u1ef1 th\u1ec3 n\u00e0y khi\u1ebfn c\u00f4ng ch\u00fang m\u1ea5t h\u1eb3n ni\u1ec1m c\u1eady tr\u00f4ng v\u00e0o \u201cm\u00e1ng\u201d d\u1eabn v\u1ed1n trung v\u00e0 d\u00e0i h\u1ea1n quan tr\u1ecdng qua c\u00e1c NHTM cho kh\u1ed1i doanh nghi\u1ec7p v\u00e0 n\u1ec1n kinh t\u1ebf. Nh\u01b0 th\u1ebf, ngu\u1ed3n t\u00edn d\u1ee5ng s\u1ebd th\u00e0nh khan hi\u1ebfm v\u00e0 l\u00e3i su\u1ea5t ch\u1eafc ch\u1eafn s\u1ebd t\u0103ng cao.<\/p>\n\n\n\n

C\u00f2n \u0111\u1ed1i v\u1edbi th\u1ecb tr\u01b0\u1eddng B\u0110S, sau th\u1eddi gian t\u0103ng tr\u01b0\u1edfng n\u00f3ng th\u00ec hi\u1ec7n \u0111\u1ee9ng tr\u01b0\u1edbc nguy c\u01a1 v\u1ee1 bong b\u00f3ng do thi\u1ebfu v\u1ed1n.<\/p>\n\n\n\n

Tr\u01b0\u1edbc H\u1ed9i \u0110\u1ed3ng Th\u00e0nh ph\u1ed1 H\u00e0-n\u1ed9i h\u00f4m m\u00f9ng 7 th\u00e1ng 12, \u00f4ng \u0110inh Ti\u1ebfn D\u0169ng, B\u00ed Th\u01b0 nh\u00ecn nh\u1eadn,  t\u00ecnh h\u00ecnh th\u1ecb tr\u01b0\u1eddng B\u0110S, t\u00e0i ch\u00ednh, ti\u1ec1n t\u1ec7, ch\u1ee9ng kho\u00e1n, TPDN trong n\u01b0\u1edbc g\u1eb7p nhi\u1ec1u kh\u00f3 kh\u0103n, th\u00e1ch th\u1ee9c \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn kh\u1ea3 n\u0103ng huy \u0111\u1ed9ng ngu\u1ed3n l\u1ef1c cho nhu c\u1ea7u ph\u00e1t tri\u1ec3n c\u1ee7a Th\u1ee7 \u0111\u00f4.<\/p>\n\n\n\n

Nh\u1eefng n\u00e9t ch\u00ednh bi quan trong n\u1ec1n T\u00e0i Ch\u00e1nh Vi\u1ec7t Nam \u0111\u01b0\u1ee3c ch\u00ednh B\u1ed9 Tr\u01b0\u1edfng T\u00e1i Ch\u00e1nh H\u1ed3 \u0111\u1ee9c Ph\u01b0\u1edbc ph\u00e1c h\u1ecda nh\u01b0 tr\u00ean v\u00e0o cu\u1ed1i th\u00e1ng 11 n\u0103m 2022 tr\u01b0\u1edbc c\u00e1c vi\u00ean ch\u1ee9c th\u1ea9m quy\u1ec1n, 7 c\u00f4ng ty ch\u1ee9ng kho\u00e1n v\u00e0 32 doanh nghi\u1ec7p ph\u00e1t h\u00e0nh TPDN. \u0110\u00e2y l\u00e0 s\u1ef1 nh\u00ecn nh\u1eadn r\u1ea5t hi\u1ebfm t\u1eeb ch\u00ednh ng\u01b0\u1eddi n\u1eafm gi\u1eef \u201ch\u1ea7u bao\u201d c\u1ee7a ch\u1ebf \u0111\u1ed9. [1]<\/p>\n\n\n

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Trong n\u0103m 2022, c\u00f3 nhi\u1ec1u v\u1ee5 b\u1eaft b\u1edb truy t\u1ed1 nh\u1eefng nh\u00f3m ng\u01b0\u1eddi li\u00ean h\u1ec7 \u0111\u1ebfn c\u00f4ng ty T\u00e2n Ho\u00e0ng Minh, FLC, hay c\u00f4ng ty An \u0110\u00f4ng v\u00e0 ng\u00e2n h\u00e0ng SCB v\u1ec1 c\u00e1c m\u01b0u m\u00f4 l\u1eeba \u0111\u1ea3o li\u00ean quan \u0111\u1ebfn TPDN hay c\u1ed5 phi\u1ebfu. Do \u0111\u00f3, d\u00e2n ch\u00fang mang t\u00e2m l\u00fd hoang mang, m\u1eb7c cho kh\u1ed1i NHTM thi \u0111ua t\u0103ng l\u00e3i su\u1ea5t ti\u1ebft ki\u1ec7m, nh\u01b0ng nh\u00e0 \u0111\u1ea7u t\u01b0 v\u1eabn \u0111ua nhau \u0111i r\u00fat ti\u1ec1n, khi\u1ebfn NHTM thi\u1ebfu thanh kho\u1ea3n, doanh nghi\u1ec7p \u0111i vay g\u1eb7p kh\u00f3 kh\u0103n. H\u1eadu qu\u1ea3 c\u00e1c s\u1ef1 vi\u1ec7c v\u1eeba n\u00f3i \u0111\u1ea9y th\u1ecb tr\u01b0\u1eddng T\u00e0i Ch\u00e1nh v\u00e0o c\u1ea3nh chao \u0111\u1ea3o li\u00ean t\u1ee5c.<\/p>\n\n\n\n

L\u00e3i su\u1ea5t g\u1edfi ti\u1ebft ki\u1ec7m li\u00ean t\u1ee5c t\u0103ng g\u00e2y \u00e1p l\u1ef1c tr\u00ean l\u00e3i su\u1ea5t cho vay. Hi\u00ean nay nhi\u1ec1u NHTM \u0111\u00e3 n\u00e2ng l\u00e3i su\u1ea5t cho vay l\u00ean tr\u00ean 12%, th\u1eadm ch\u00ed, c\u00f3 n\u01a1i l\u00ean t\u1edbi 16% m\u1ed7i n\u0103m. N\u1ebfu mu\u1ed1n cho h\u1ed3 s\u01a1 t\u00edn d\u1ee5ng mau \u0111\u01b0\u1ee3c th\u00f4ng qua, Doanh Nghi\u1ec7p ph\u1ea3i b\u1ecf ra m\u1ed9t kho\u1ea3n ti\u1ec1n mua b\u1ea3o hi\u1ec3m cho kho\u1ea3n t\u00edn d\u1ee5ng \u0111\u1ecbnh vay theo m\u1ed3i ch\u00e0i c\u1ee7a nh\u00e2n vi\u00ean ng\u00e2n h\u00e0ng. Chi ph\u00ed n\u00e0y l\u00e0m cho ph\u00e2n l\u1eddi t\u00edn d\u1ee5ng t\u0103ng cao h\u01a1n, g\u00e2y kh\u00f3 kh\u0103n cho nh\u00e0 s\u1ea3n xu\u1ea5t v\u00e0 l\u00e0m cho gi\u00e1 th\u00e0nh s\u1ea3n ph\u1ea9m \u0111\u1eaft h\u01a1n, kh\u00f3 c\u1ea1nh tranh \u0111\u1ed1i v\u1edbi nh\u1eefng s\u1ea3n ph\u1ea9m xu\u1ea5t c\u1ea3ng.<\/p>\n\n\n\n

Ch\u1ec9 s\u1ed1 Manufacturing Purchasing Managers’ Index\u2122 (PMI\u00ae) – Nh\u00e0 Qu\u1ea3n tr\u1ecb Mua h\u00e0ng thu\u1ed9c ng\u00e0nh s\u1ea3n xu\u1ea5t Vi\u1ec7t Nam do S&P Global theo d\u00f5i \u0111\u00e3 gi\u1ea3m xu\u1ed1ng d\u01b0\u1edbi ng\u01b0\u1ee1ng 50 \u0111i\u1ec3m trong th\u00e1ng 11, t\u1eeb \u0111\u00f3 k\u1ebft th\u00fac th\u1eddi k\u1ef3 t\u0103ng k\u00e9o d\u00e0i 13 th\u00e1ng. K\u1ebft qu\u1ea3 PMI th\u00e1ng 11 \u1edf m\u1ee9c 47,4 \u0111i\u1ec3m so v\u1edbi m\u1ee9c 50,6 \u0111i\u1ec3m h\u1ed3i th\u00e1ng 10 cho th\u1ea5y c\u00e1c \u0111i\u1ec1u ki\u1ec7n kinh doanh t\u1ea1i Vi\u1ec7t Nam \u0111ang suy gi\u1ea3m m\u1ea1nh. [2]<\/p>\n\n\n\n

M\u1eb7c cho t\u1ef7 gi\u00e1 M\u1ef9 kim so v\u1edbi b\u1ea1c Vi\u1ec7t Nam \u0111ang ch\u1eadm l\u1ea1i, nh\u01b0ng th\u1eddi gian d\u00e0i ti\u1ec1n Vi\u1ec7t Nam m\u1ea5t gi\u00e1 tr\u01b0\u1edbc \u0111\u00f3 so v\u1edbi M\u1ef9 kim l\u00e0 y\u1ebfu t\u1ed1 ch\u00ednh d\u1eabn \u0111\u1ebfn t\u0103ng gi\u00e1 c\u1ea3 \u0111\u1ea7u v\u00e0o. Trong khi chi ph\u00ed \u0111\u1ea7u v\u00e0o t\u0103ng v\u1edbi t\u1ed1c \u0111\u1ed9 nhanh h\u01a1n trong th\u00e1ng 11, \u00e1p l\u1ef1c l\u1ea1m ph\u00e1t theo s\u1ed1 li\u1ec7u tr\u00ean gi\u1ea5y t\u1edd c\u1ee7a T\u1ed5ng C\u1ee5c Th\u1ed1ng K\u00ea v\u1eabn \u1edf m\u1ee9c nh\u1eb9 nh\u00e0ng. N\u1ebfu l\u1ea1m ph\u00e1t quanh m\u1ee9c 4% l\u00e0 th\u1eadt th\u00ec c\u0169ng gi\u00fap c\u00e1c nh\u00e0 s\u1ea3n xu\u1ea5t c\u00f3 th\u1ec3 gi\u1ea3m gi\u00e1 \u0111\u1ec3 k\u00edch th\u00edch nhu c\u1ea7u. Tuy nhi\u00ean, gi\u00e1 b\u00e1n h\u00e0ng \u0111\u00e3 gi\u1ea3m l\u1ea7n \u0111\u1ea7u ti\u00ean k\u1ec3 t\u1eeb th\u00e1ng 8\/2020 l\u1ea1i cho th\u1ea5y d\u00e2n ch\u00fang b\u1ecb m\u1ea5t vi\u1ec7c hay gi\u1ea3m thu nh\u1eadp, n\u00ean chi ti\u00eau d\u00e8 d\u1eb7t h\u01a1n tr\u01b0\u1edbc.<\/p>\n\n\n\n

Ni\u1ec1m tin kinh doanh gi\u1ea3m m\u1ea1nh do s\u1ed1 l\u01b0\u1ee3ng \u0111\u01a1n \u0111\u1eb7t h\u00e0ng m\u1edbi gi\u1ea3m v\u00e0 nh\u1eefng lo ng\u1ea1i v\u1ec1 nhu c\u1ea7u tr\u00ean th\u1ecb tr\u01b0\u1eddng qu\u1ed1c t\u1ebf. T\u00e2m l\u00fd kinh doanh gi\u1ea3m xu\u1ed1ng m\u1ee9c th\u1ea5p nh\u1ea5t trong 14 th\u00e1ng. Ng\u00e0nh s\u1ea3n xu\u1ea5t \u0111ang b\u01b0\u1edbc v\u00e0o \u201ckhuc quanh\u201d gay go nh\u1ea5t c\u1ee7a n\u0103m 2022. <\/p>\n\n\n

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Phi\u00ean \u0111\u1ea7u tu\u1ea7n th\u00e1ng 12, TTCK Vi\u1ec7t Nam c\u00f3 chu\u1ed7i phi\u00ean t\u0103ng \u0111i\u1ec3m t\u00edch c\u1ef1c t\u1eeb v\u00f9ng \u0111\u00e1y ng\u1eafn h\u1ea1n. \u0110\u1ebfn ng\u00e0y 6 th\u00e1ng 12 TTCK l\u1ea1i tr\u1ea3i qua m\u1ed9t phi\u00ean lao d\u1ed1c nhanh ch\u00f3ng m\u1eb7t khi VN-Index gi\u1ea3m g\u1ea7n 45 \u0111i\u1ec3m (-4,11%), m\u1ea1nh nh\u1ea5t trong g\u1ea7n 6 th\u00e1ng k\u1ec3 t\u1eeb ng\u00e0y 13\/6. S\u1eafc \u0111\u1ecf ng\u1eadp tr\u00e0n m\u00e0n h\u00ecnh \u0111i\u1ec7n t\u1eed, nhi\u1ec1u nh\u00f3m, ng\u00e0nh c\u1ed5 phi\u1ebfu \u0111\u1ec1u quay \u0111\u1ea7u gi\u1ea3m \u0111i\u1ec3m. Thanh kho\u1ea3n th\u1ecb tr\u01b0\u1eddng gi\u1ea3m kh\u00e1 m\u1ea1nh khi gi\u00e1 tr\u1ecb giao d\u1ecbch tr\u00ean HOSE ch\u1ec9 \u0111\u1ea1t12.948 t\u1ef7 \u0111\u1ed3ng trong phi\u00ean giao d\u1ecbch m\u00f9ng 09 th\u00e1ng 12.<\/p>\n\n\n\n

Do nh\u1eefng dao \u0111\u1ed9ng b\u1ea5t th\u01b0\u1eddng, gi\u1edbi chuy\u00ean ng\u00e0nh khuy\u00ean nh\u00e0 \u0111\u1ea7u t\u01b0 kh\u00f4ng n\u00ean qu\u00e1 h\u01b0ng ph\u1ea5n gi\u1ea3i ng\u00e2n trong c\u00e1c phi\u00ean t\u0103ng \u0111\u1ec3 tr\u00e1nh r\u1ee7i ro b\u1ecb v\u01b0\u1edbng v\u00e0o c\u00e1c v\u00f9ng \u0111i\u1ec1u ch\u1ec9nh.<\/p>\n\n\n\n

H\u00f4m m\u00f9ng 04 th\u00e1ng 12, nh\u00e2n d\u1ecbp th\u00fac \u0111\u1ea9y gi\u1ea3i ng\u00e2n v\u1ed1n \u0111\u1ea7u t\u01b0 c\u00f4ng t\u1ea1i T\u1ec9nh B\u1ea1c Li\u00eau, Th\u1ee7 t\u01b0\u1edbng Ch\u00ednh y\u00eau c\u1ea7u NHNN n\u00e2ng h\u1ea1n m\u1ee9c t\u00edn d\u1ee5ng ph\u00f9 h\u1ee3p, hi\u1ec7u qu\u1ea3. H\u00f4m sau (5\/12) NHNN th\u00f4ng b\u00e1o t\u0103ng m\u1ee9c t\u00edn d\u1ee5ng cho to\u00e0n h\u1ec7 th\u1ed1ng NHTM th\u00eam 1,5-2%, \u01b0\u1edbc t\u00ednh quy m\u00f4 t\u00edn d\u1ee5ng cho n\u1ec1n kinh t\u1ebf c\u00f3 th\u1ec3 t\u0103ng th\u00eam 156.000-200.000 t\u1ef7 \u0111\u1ed3ng. T\u00ednh theo m\u1ee9c t\u00edn d\u1ee5ng m\u1edbi th\u00ec n\u0103m 2022, t\u1ef7 l\u1ec7 t\u00edn d\u1ee5ng to\u00e0n n\u1ec1n kinh t\u1ebf Vi\u1ec7t Nam \u0111ang \u1edf m\u1ee9c 15,5-16%, thay v\u00ec 14% nh\u01b0 c\u0169. [3] Quy\u1ebft \u0111inh m\u1edbi n\u00e0y c\u00f3 ph\u1ea7n \u0111i ng\u01b0\u1ee3c v\u1edbi ch\u00ednh s\u00e1ch th\u1eaft ch\u1eb7t ti\u1ec1n t\u1ec7 \u0111\u1ec3 ng\u0103n ng\u1eeba l\u1ea1m ph\u00e1t t\u0103ng cao.<\/p>\n\n\n\n

Do v\u1eady, VNDirect cho r\u1eb1ng m\u1eb7c d\u00f9 l\u1ea1m ph\u00e1t to\u00e0n c\u1ea7u \u0111\u00e3 c\u00f3 d\u1ea5u hi\u1ec7u \u0111\u1ea1t \u0111\u1ec9nh, nh\u01b0ng l\u1ea1m ph\u00e1t t\u1ea1i Vi\u1ec7t Nam v\u1eabn c\u00f3 th\u1ec3 duy tr\u00ec m\u1ee9c cao do: (i) m\u1ee9c t\u0103ng ti\u1ec1n l\u01b0\u01a1ng 20,8%, c\u00f3 hi\u1ec7u l\u1ef1c t\u1eeb th\u00e1ng 7\/2023 v\u00e0 (ii) s\u1ef1 t\u0103ng gi\u00e1 \u1edf c\u00e1c d\u1ecbch v\u1ee5 nh\u01b0 y t\u1ebf, nhi\u00ean li\u1ec7u, v\u1eadn t\u1ea3i c\u00f4ng c\u1ed9ng. . .<\/p>\n\n\n\n

T\u1eeb ho\u00e0n c\u1ea3nh tr\u00ean, VNDirect d\u1ef1 b\u00e1o n\u0103m 2023, t\u0103ng tr\u01b0\u1edfng t\u00edn d\u1ee5ng c\u0169ng s\u1ebd ch\u1eadm l\u1ea1i, ch\u1ec9 loanh quanh \u1edf kho\u1ea3ng 11-12%, trong khi n\u0103m 2022 t\u00ednh m\u1ee9c m\u1edbi l\u00e0 16%. B\u1edfi v\u00ec B\u0110S v\u1eabn ti\u1ebfp t\u1ee5c r\u1ee7i ro, y\u1ebfu k\u00e9m, TPDN v\u1eabn c\u00f2n tr\u1ea7m l\u1eafng v\u00e0 l\u00e3i su\u1ea5t t\u0103ng cao s\u1ebd \u1ea3nh h\u01b0\u1edfng l\u00ean nhu c\u1ea7u d\u00e2n ch\u00fang trong m\u1ed9t s\u1ed1 l\u00e3nh v\u1ef1c quan trong. L\u00e2u nay Vi\u1ec7t Nam v\u1eabn tr\u00f4ng c\u1eady v\u00e0o xu\u1ea5t c\u1ea3ng, trong \u0111\u00f3 tr\u00ean 70% d\u1ef1a v\u00e0o Doanh Nghi\u1ec7p c\u00f3 v\u1ed1 t\u1eeb FDI \u2013 Trong ho\u00e0n c\u1ea3nh n\u00e0y, xu\u1ea5t c\u1ea3ng kh\u00f4ng c\u00f2n l\u00e0 c\u1ed9t tr\u1ee5 t\u0103ng tr\u01b0\u1edfng ch\u00ednh c\u1ee7a Vi\u1ec7t Nam, v\u00ec s\u1ebd m\u1ea5t kho\u1ea3ng 5%, ch\u1ec9 c\u00f2n ch\u1eebng 9%, so v\u1edbi 14% trong n\u0103m 2022. H\u01a1n n\u1eefa, c\u00e1c doanh nghi\u1ec7p s\u1ebd t\u1ea1m th\u1eddi ng\u01b0ng m\u1edf r\u1ed9ng ho\u1ea1t \u0111\u1ed9ng s\u1ea3n xu\u1ea5t kinh doanh c\u1ee7a h\u1ecd trong b\u1ed1i c\u1ea3nh l\u00e3i su\u1ea5t t\u0103ng cao v\u00e0 nhu c\u1ea7u ti\u00eau d\u00f9ng suy y\u1ebfu.<\/p>\n\n\n\n

VNDirect cho r\u1eb1ng, trong t\u00ecnh tr\u1ea1ng thi\u1ebfu ti\u1ec1n, n\u0103m 2023, NHNN s\u1ebd ch\u1ec9 \u01b0u ti\u00ean c\u1ea5p h\u1ea1n m\u1ee9c t\u00edn d\u1ee5ng cho c\u00e1c ng\u00e2n h\u00e0ng c\u00f3 c\u01a1 c\u1ea5u t\u00edn d\u1ee5ng v\u1eefng v\u00e0ng, t\u1ef7 l\u1ec7 an to\u00e0n v\u1ed1n cao, qu\u1ea3n tr\u1ecb gi\u1ecfi v\u1edbi t\u00e0i s\u1ea3n l\u00e0nh m\u1ea1nh. T\u1ef7 l\u1ec7 NHTM \u0111\u1ee7 ti\u00eau chu\u1ea9n nh\u1eadn t\u00edn d\u1ee5ng do NHNN cung c\u1ea5p ch\u1ec9 x\u1ea5p x\u1ec9 30%. C\u00f2n l\u1ea1i kho\u1ea3ng 34 NHTM s\u1ebd l\u00e2m c\u1ea3nh \u201cchen l\u1ea5n t\u00edn d\u1ee5ng\u201d \u0111\u1ec3 s\u1ed1ng c\u00f2n, \u0111\u01b0a Vi\u1ec7t Nam v\u00e0o t\u00ecnh tr\u1ea1ng d\u1ec5 kh\u1ee7ng ho\u1ea3ng T\u00e0i Ch\u00e1nh.<\/p>\n\n\n

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\"\"<\/figure>\n<\/div>\n\n\n

Nh\u1eefng c\u00e1i ch\u1ebft \u0111\u1ed9t ng\u1ed9t t\u1eeb c\u00e1c v\u1ee5 b\u1eaft b\u1edb, truy t\u1ed1 li\u00ean quan \u0111\u1ebfn l\u1eeba \u0111\u1ea3o TPDN, TTCK di\u1ec5n ra g\u1ea7n \u0111\u00e2y, bi\u1ec3u hi\u1ec7n c\u00e1c cu\u1ed9c thanh to\u00e1n s\u00e2n sau c\u1ee7a c\u00e1c \u201c\u00f4ng tr\u00f9m\u201d trong n\u1ed9i b\u1ed9 \u1edf Ba \u0110\u00ecnh v\u1eabn \u0111ang s\u00f4i s\u1ee5c, \u0111\u01b0a Vi\u1ec7t Nam ng\u00e0y c\u00e0ng t\u01b0\u01a1ng t\u1ef1 v\u1edbi b\u00ean T\u1ea7u, n\u01a1i m\u00e0 Vi\u1ec7t Nam \u0111ang k\u00e9o d\u00e0i l\u1ec7 thu\u1ed9c nhi\u1ec1u m\u1eb7t tr\u00ean \u00be th\u1ebf k\u1ef7.\u00a0 Nay, cu\u1ed9c bi\u1ec3u d\u01b0\u01a1ng \u00f4n h\u00f2a mang t\u00ean \u201cB\u1ea1ch Ch\u1ec9\u201d \u2013 The A4 Revolution, \u0111\u01b0a h\u00e0ng h\u00e0ng l\u1edbp l\u1edbp ng\u01b0\u1eddi Trung Hoa xu\u1ed1ng \u0111\u01b0\u1eddng t\u1ea1i 19 T\u1ec9nh, Th\u00e0nh \u0111\u00f2i d\u00e0n tr\u1ea3i n\u1ed7i u\u1ea5t \u1ee9c qu\u00e1 l\u00e2u qua c\u00e1c t\u1edd gi\u1ea5y tr\u1eafng \u2013 m\u1ed9t bi\u1ec3u hi\u1ec7n tr\u1edf th\u00e0nh kh\u00ed c\u1ee5 \u0111\u1eafc l\u1ef1c cho c\u1ea3 sinh vi\u00ean trong c\u00e1c khu\u00f4n vi\u00ean \u0111\u1ea1i h\u1ecdc h\u0103ng h\u00e1i tham gia xu\u1ed1ng \u0111\u01b0\u1eddng gi\u01b0\u01a1ng cao c\u00e1c t\u1ea5m b\u1ea3ng m\u00f4 t\u1ea3 m\u1ed9t ph\u01b0\u01a1ng tr\u00ecnh to\u00e1n h\u1ecdc Friedmann, t\u1eeb \u0111\u1ed3ng \u00e2m c\u1ee7a “freedman” \u2013 T\u1ef0 DO.<\/p>\n\n\n\n

T\u1eeb th\u1eadp ni\u00ean 1950, Ba-\u0110\u00ecnh t\u00f4n th\u1edd quan ni\u1ec7m ch\u00ednh tr\u1ecb \u201cB\u00ean \u0111\u00e2y bi\u00ean gi\u1edbi l\u00e0 nh\u00e0. B\u00ean kia bi\u00ean gi\u1edbi c\u0169ng l\u00e0 Qu\u00ea H\u01b0\u01a1ng<\/strong>\u201d<\/em>[4] \u0111\u1ec3 \u201cc\u1ea5m ch\u1ec9\u201d b\u00e1o ch\u00ed Nh\u00e0 N\u01b0\u1edbc kh\u00f4ng \u0111\u01b0\u1ee3c loan m\u1ed9t d\u00f2ng tin n\u00e0o v\u1ebf cu\u1ed9c c\u00e1ch m\u1ea1ng \u201cB\u1ea1ch Ch\u1ec9\u201d v\u1eabn ti\u1ebfp di\u1ec5n r\u1ea7m r\u1ed9 \u1edf ph\u01b0\u01a1ng B\u1eafc t\u1eeb m\u00f9ng 5 th\u00e1ng 11. Chi\u1ec1u ng\u00e0y m\u00f9ng 7 th\u00e1ng 12, B\u0103c Kinh ph\u1ea3i t\u1eeb b\u1ecf ph\u1ea7n l\u1edbn ch\u00ednh s\u00e1ch \u201cZero CoVid\u201d. Cu\u1ed9c bi\u1ec3u t\u00ecnh \u201cB\u1ea1ch Ch\u1ec9\u201d c\u1ee7a D\u00e2n T\u1ed9c Trung Hoa \u0111\u00e3 th\u1eafng keo \u0111\u1ea7u.<\/p>\n\n\n\n

S\u1ef1 nh\u01b0\u1ee3ng b\u1ed9 b\u01b0\u1edbc \u0111\u1ea7u c\u1ee7a B\u1eafc Kinh cho Ba-\u0110\u00ecnh nh\u1eadn ra r\u1eb1ng, D\u00e2n T\u1ed9c Vi\u1ec7t t\u1eebng b\u1ecb Ba-\u0110\u00ecnh d\u00f9ng c\u00f4ng an tr\u1ecb trong Kinh T\u1ebf \u0111\u1ec3 n\u1eafn b\u00f3p d\u1ea1 d\u1ea7y ng\u01b0\u1eddi d\u00e2n t\u1eeb h\u00e0ng ch\u1ee5c n\u0103m nay, c\u0169ng s\u1ebd c\u00f3 ng\u00e0y Ba-\u0110\u00ecnh kh\u00f4ng ng\u0103n \u0111\u01b0\u1ee3c ph\u01b0\u01a1ng tr\u00ecnh to\u00e1n h\u1ecdc Friedmann di\u1ec5n ra \u1edf Vi\u1ec7t Nam.<\/strong><\/p>\n\n\n\n

Tr\u1ea7n nguy\u00ean Thao<\/strong>
(09 Dec)<\/strong><\/p>\n\n\n\n

[1] https:\/\/xaydungchinhsach.chinhphu.vn\/bo-tai-chinh-hop-ban-ve-thi-truong-chung-khoan-trai-phieu-doanh-nghiep-119221123172514084.htm<\/p>\n\n\n\n

 [2] https:\/\/markettimes.vn\/pmi-viet-nam-thang-11-giam-con-47-4-diem-do-dieu-kien-kinh-te-the-gioi-xau-di-10135.html<\/p>\n\n\n\n

[3]  https:\/\/baomoi.com\/nhnn-noi-room-tin-dung-1-5-2-cho-toan-he-thong\/c\/44466068.epi<\/p>\n\n\n\n

[4] https:\/\/poem.tkaraoke.com\/37082\/ben_nay_ben_kia_deu_la_que_huong.html<\/p>\n\n\n\n

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

Cu\u1ed1i th\u00e1ng 11, B\u1ed9 Tr\u01b0\u1edfng T\u00e0i Ch\u00e1nh H\u1ed3 \u0111\u1ee9c Ph\u01b0\u1edbc b\u00e1o \u0111\u1ed9ng \u201cB\u1ea5t \u0110\u1ed9ng S\u1ea3n (B\u0110S) \u2013 khu v\u1ef1c chi\u1ebfm t\u1edbi 22% GDP c\u1ee7a Vi\u1ec7t Nam, tr\u01b0\u1edbc nguy c\u01a1 v\u1ee1 bong b\u00f3ng\u201d. L\u00fd do ch\u00ednh l\u00e0 \u201cc\u1ea1n\u201d t\u00edn d\u1ee5ng, \u0111\u1ea9y Th\u1ecb Tr\u01b0\u1eddng T\u00e0i Ch\u00e1nh Vi\u00eat Nam l\u00e2m v\u00e0o c\u1ea3nh chao\u0111\u1ecdc ti\u1ebfp…<\/a><\/span><\/p>\n","protected":false},"author":2,"featured_media":14081,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","footnotes":""},"categories":[12,57,53],"tags":[118,212,82,187],"class_list":["entry","author-ntviet","post-15707","post","type-post","status-publish","format-standard","has-post-thumbnail","category-chuyenmuc","category-giaoduc-vanhoc-lichsu","category-kinhte-chinhtri","tag-chinh-tri","tag-chuyen-de","tag-kinh-te","tag-viet-cong"],"_links":{"self":[{"href":"https:\/\/vanhoimoi.org\/index.php?rest_route=\/wp\/v2\/posts\/15707","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vanhoimoi.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vanhoimoi.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vanhoimoi.org\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/vanhoimoi.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15707"}],"version-history":[{"count":0,"href":"https:\/\/vanhoimoi.org\/index.php?rest_route=\/wp\/v2\/posts\/15707\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vanhoimoi.org\/index.php?rest_route=\/wp\/v2\/media\/14081"}],"wp:attachment":[{"href":"https:\/\/vanhoimoi.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vanhoimoi.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vanhoimoi.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}