{"id":396411,"date":"2023-12-08T04:09:55","date_gmt":"2023-12-08T04:09:55","guid":{"rendered":"https:\/\/otavietnam.com\/?p=396411"},"modified":"2023-12-08T04:09:55","modified_gmt":"2023-12-08T04:09:55","slug":"huy-dong-nguon-von-ben-vung-cho-nen-kinh-te-va-doanh-nghiep","status":"publish","type":"post","link":"https:\/\/otavietnam.com\/blog\/huy-dong-nguon-von-ben-vung-cho-nen-kinh-te-va-doanh-nghiep\/","title":{"rendered":"Huy \u0111\u1ed9ng ngu\u1ed3n v\u1ed1n b\u1ec1n v\u1eefng cho n\u1ec1n kinh t\u1ebf v\u00e0 doanh nghi\u1ec7p"},"content":{"rendered":"
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B\u1ea3o \u0111\u1ea3m s\u1ef1 ph\u00e1t tri\u1ec3n b\u1ec1n v\u1eefng c\u1ee7a th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh, gi\u1ea3i quy\u1ebft vi\u1ec7c m\u1ea5t c\u00e2n b\u1eb1ng gi\u1eefa th\u1ecb tr\u01b0\u1eddng t\u00edn d\u1ee5ng v\u00e0 th\u1ecb tr\u01b0\u1eddng v\u1ed1n c\u00f3 \u00fd ngh\u0129a quy\u1ebft \u0111\u1ecbnh \u0111\u1ed1i v\u1edbi \u1ed5n \u0111\u1ecbnh kinh t\u1ebf v\u0129 m\u00f4, ch\u1ea5t l\u01b0\u1ee3ng t\u0103ng tr\u01b0\u1edfng c\u1ee7a n\u1ec1n kinh t\u1ebf n\u00f3i chung v\u00e0 hi\u1ec7u qu\u1ea3 ho\u1ea1t \u0111\u1ed9ng c\u1ee7a doanh nghi\u1ec7p n\u00f3i ri\u00eang.<\/div>\n
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Nhu c\u1ea7u ngu\u1ed3n v\u1ed1n cho n\u1ec1n kinh t\u1ebf v\u00e0 doanh nghi\u1ec7p<\/h3>\n

X\u00e9t \u1edf ph\u01b0\u01a1ng di\u1ec7n v\u0129 m\u00f4, th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh \u0111\u01b0\u1ee3c c\u1ea5u th\u00e0nh b\u1edfi hai th\u00e0nh t\u1ed1 ch\u00ednh l\u00e0 th\u1ecb tr\u01b0\u1eddng t\u00edn d\u1ee5ng v\u00e0 th\u1ecb tr\u01b0\u1eddng v\u1ed1n. Trong \u0111\u00f3, th\u1ecb tr\u01b0\u1eddng t\u00edn d\u1ee5ng c\u00f3 ch\u1ee9c n\u0103ng ch\u00ednh l\u00e0 b\u1ea3o \u0111\u1ea3m ngu\u1ed3n v\u1ed1n ng\u1eafn h\u1ea1n cho n\u1ec1n kinh t\u1ebf (thu\u1ed9c ch\u1ee9c n\u0103ng c\u1ee7a c\u00e1c ng\u00e2n h\u00e0ng th\u01b0\u01a1ng m\u1ea1i – NHTM), c\u00f2n th\u1ecb tr\u01b0\u1eddng v\u1ed1n b\u1ea3o \u0111\u1ea3m ngu\u1ed3n v\u1ed1n trung v\u00e0 d\u00e0i h\u1ea1n (thu\u1ed9c ch\u1ee9c n\u0103ng c\u1ee7a th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n – TTCK).<\/p>\n

S\u1ef1 ph\u00e1t tri\u1ec3n c\u1ee7a th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh \u1edf Vi\u1ec7t Nam hi\u1ec7n nay b\u1ed9c l\u1ed9 m\u1ed9t b\u1ea5t c\u1eadp l\u1edbn, \u0111\u00f3 l\u00e0 s\u1ef1 m\u1ea5t c\u00e2n \u0111\u1ed1i gi\u1eefa th\u1ecb tr\u01b0\u1eddng t\u00edn d\u1ee5ng v\u00e0 th\u1ecb tr\u01b0\u1eddng v\u1ed1n. Th\u1ecb tr\u01b0\u1eddng t\u00edn d\u1ee5ng \u0111ang b\u1ecb \u201cqu\u00e1 t\u1ea3i\u201d do v\u1eeba ph\u1ea3i lo cung \u1ee9ng ngu\u1ed3n v\u1ed1n ng\u1eafn h\u1ea1n, v\u1eeba ph\u1ea3i lo cung \u1ee9ng ngu\u1ed3n v\u1ed1n trung v\u00e0 d\u00e0i h\u1ea1n (d\u01b0 n\u1ee3 v\u1ed1n t\u00edn d\u1ee5ng trung v\u00e0 d\u00e0i h\u1ea1n chi\u1ebfm tr\u00ean 50%). Do ti\u1ec1m l\u1ef1c c\u1ee7a c\u00e1c ng\u00e2n h\u00e0ng Vi\u1ec7t Nam c\u00f2n h\u1ea1n ch\u1ebf, \u0111\u1ec3 b\u1ea3o \u0111\u1ea3m c\u00f3 ngu\u1ed3n v\u1ed1n trung v\u00e0 d\u00e0i h\u1ea1n, c\u00e1c ng\u00e2n h\u00e0ng bu\u1ed9c ph\u1ea3i \u0111i vay (ch\u1ee7 y\u1ebfu t\u1eeb d\u00e2n c\u01b0) ngu\u1ed3n v\u1ed1n ng\u1eafn h\u1ea1n. \u0110i\u1ec1u n\u00e0y ch\u1ee9a \u0111\u1ef1ng nguy c\u01a1 r\u1ea5t l\u1edbn cho c\u00e1c ng\u00e2n h\u00e0ng n\u00f3i ri\u00eang v\u00e0 n\u1ec1n kinh t\u1ebf n\u00f3i chung.<\/p>\n

Do \u0111\u00f3, \u0111\u1ec3 gi\u1ea3i quy\u1ebft nhu c\u1ea7u vay, thanh kho\u1ea3n, d\u1ef1 tr\u1eef b\u1eaft bu\u1ed9c, c\u00e1c NHTM, nh\u1ea5t l\u00e0 nh\u00f3m NHTM quy m\u00f4 nh\u1ecf, b\u1ecb cu\u1ed1n v\u00e0o v\u00f2ng xo\u00e1y c\u1ee7a c\u1ea1nh tranh l\u00e3i su\u1ea5t huy \u0111\u1ed9ng, d\u1eabn \u0111\u1ebfn nh\u1eefng b\u1ea5t \u1ed5n trong ho\u1ea1t \u0111\u1ed9ng huy \u0111\u1ed9ng v\u1ed1n v\u00e0 s\u1ef1 an to\u00e0n c\u1ee7a h\u1ec7 th\u1ed1ng ng\u00e2n h\u00e0ng. \u0110\u00e2y c\u0169ng l\u00e0 l\u00fd do doanh nghi\u1ec7p (DN) kh\u00f3 ti\u1ebfp c\u1eadn ngu\u1ed3n v\u1ed1n vay chi ph\u00ed th\u1ea5p, h\u1ea1n ch\u1ebf n\u0103ng l\u1ef1c c\u1ea1nh tranh c\u1ee7a DN n\u00f3i ri\u00eang v\u00e0 n\u1ec1n kinh t\u1ebf n\u00f3i chung.<\/p>\n

\"19848<\/p>\n

\u1ede Vi\u1ec7t Nam, do nhi\u1ec1u l\u00fd do kh\u00e1c nhau, c\u00e1c DN l\u1ea1i ch\u1ee7 y\u1ebfu vay v\u1ed1n t\u1eeb c\u00e1c NHTM.<\/em><\/p>\n

X\u00e9t \u1edf ph\u01b0\u01a1ng di\u1ec7n vi m\u00f4, c\u00e1c DN c\u00f3 nhu c\u1ea7u l\u1edbn v\u1ec1 v\u1ed1n, nh\u1ea5t l\u00e0 ngu\u1ed3n v\u1ed1n trung v\u00e0 d\u00e0i h\u1ea1n v\u00ec ngu\u1ed3n v\u1ed1n n\u00e0y c\u00f3 \u00fd ngh\u0129a quy\u1ebft \u0111\u1ecbnh \u0111\u1ed1i v\u1edbi chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0, ph\u00e1t tri\u1ec3n c\u1ee7a DN. Th\u00f4ng th\u01b0\u1eddng, \u0111\u1ec3 c\u00f3 ngu\u1ed3n v\u1ed1n n\u00e0y, c\u00e1c DN s\u1ebd th\u1ef1c hi\u1ec7n ni\u00eam y\u1ebft c\u1ed5 phi\u1ebfu tr\u00ean TTCK \u0111\u1ec3 c\u00f3 th\u1ec3 huy \u0111\u1ed9ng v\u1ed1n m\u1ed9t c\u00e1ch nhanh ch\u00f3ng, thu\u1eadn ti\u1ec7n, t\u1eeb vi\u1ec7c ph\u00e1t h\u00e0nh c\u1ed5 phi\u1ebfu d\u1ef1a tr\u00ean t\u00ednh thanh kho\u1ea3n cao v\u00e0 uy t\u00edn c\u1ee7a DN \u0111\u01b0\u1ee3c ni\u00eam y\u1ebft tr\u00ean th\u1ecb tr\u01b0\u1eddng. Huy \u0111\u1ed9ng theo c\u00e1ch th\u1ee9c n\u00e0y, DN kh\u00f4ng ph\u1ea3i thanh to\u00e1n l\u00e3i vay c\u0169ng nh\u01b0 ph\u1ea3i tr\u1ea3 v\u1ed1n g\u1ed1c gi\u1ed1ng nh\u01b0 vi\u1ec7c vay n\u1ee3, t\u1eeb \u0111\u00f3 s\u1ebd ch\u1ee7 \u0111\u1ed9ng trong vi\u1ec7c s\u1eed d\u1ee5ng ngu\u1ed3n v\u1ed1n huy \u0111\u1ed9ng \u0111\u01b0\u1ee3c cho m\u1ee5c ti\u00eau v\u00e0 chi\u1ebfn l\u01b0\u1ee3c d\u00e0i h\u1ea1n c\u1ee7a m\u00ecnh. Tuy nhi\u00ean \u1edf Vi\u1ec7t Nam, do nhi\u1ec1u l\u00fd do kh\u00e1c nhau, c\u00e1c DN l\u1ea1i ch\u1ee7 y\u1ebfu vay v\u1ed1n t\u1eeb c\u00e1c NHTM. \u0110i\u1ec1u n\u00e0y d\u1eabn t\u1edbi h\u1ec7 qu\u1ea3 l\u00e0 chi ph\u00ed v\u1ed1n vay cao, \u00e1p l\u1ef1c tr\u1ea3 n\u1ee3 l\u1edbn, t\u00e1c \u0111\u1ed9ng ti\u00eau c\u1ef1c \u0111\u1ebfn hi\u1ec7u qu\u1ea3 s\u1ea3n xu\u1ea5t kinh doanh c\u1ee7a DN.<\/p>\n

\u0110\u1ebfn ng\u00e0y 30\/9\/2019, s\u1ed1 l\u01b0\u1ee3ng DN ni\u00eam y\u1ebft v\u00e0 \u0111\u0103ng k\u00fd giao d\u1ecbch l\u00e0 1.600 DN, trong \u0111\u00f3 s\u00e0n HOSE l\u00e0 377, s\u00e0n HNX l\u00e0 367, s\u00e0n UPCoM l\u00e0 856. V\u1ed1n h\u00f3a TTCK \u0111\u1ea1t 5.635.588 t\u1ef7 \u0111\u1ed3ng. So v\u1edbi t\u1ed5ng s\u1ed1 DN ho\u1ea1t \u0111\u1ed9ng t\u1ea1i th\u1eddi \u0111i\u1ec3m th\u00e1ng 9\/2019 (750.000 doanh nghi\u1ec7p) th\u00ec t\u1ef7 l\u1ec7 DN ni\u00eam y\u1ebft tr\u00ean s\u00e0n ch\u1ee9ng kho\u00e1n ch\u1ec9 chi\u1ebfm 0,2%. S\u1ed1 l\u01b0\u1ee3ng DN v\u00e0 ngu\u1ed3n v\u1ed1n h\u00f3a TTCK n\u00f3i tr\u00ean l\u00e0 nh\u1ecf b\u00e9, khi\u00eam t\u1ed1n so v\u1edbi nhu c\u1ea7u huy \u0111\u1ed9ng v\u1ed1n cho DN v\u00e0 n\u1ec1n kinh t\u1ebf.<\/p>\n

V\u00ec v\u1eady, b\u1ea3o \u0111\u1ea3m s\u1ef1 ph\u00e1t tri\u1ec3n b\u1ec1n v\u1eefng c\u1ee7a th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh, gi\u1ea3i quy\u1ebft vi\u1ec7c m\u1ea5t c\u00e2n b\u1eb1ng gi\u1eefa th\u1ecb tr\u01b0\u1eddng t\u00edn d\u1ee5ng v\u00e0 th\u1ecb tr\u01b0\u1eddng v\u1ed1n c\u00f3 \u00fd ngh\u0129a quy\u1ebft \u0111\u1ecbnh \u0111\u1ed1i v\u1edbi \u1ed5n \u0111\u1ecbnh kinh t\u1ebf v\u0129 m\u00f4, n\u00e2ng cao n\u0103ng l\u1ef1c c\u1ea1nh tranh, ch\u1ea5t l\u01b0\u1ee3ng t\u0103ng tr\u01b0\u1edfng c\u1ee7a n\u1ec1n kinh t\u1ebf n\u00f3i chung v\u00e0 hi\u1ec7u qu\u1ea3 ho\u1ea1t \u0111\u1ed9ng c\u1ee7a DN n\u00f3i ri\u00eang.<\/p>\n

V\u00ec sao DN ch\u01b0a m\u1eb7n m\u00e0 v\u1edbi vi\u1ec7c ni\u00eam y\u1ebft?<\/h3>\n

Nguy\u00ean nh\u00e2n \u0111\u1ea7u ti\u00ean l\u00e0 th\u00f3i quen v\u00e0 t\u00e2m l\u00fd. TTCK Vi\u1ec7t Nam m\u1edbi ph\u00e1t tri\u1ec3n kho\u1ea3ng 20 n\u0103m, trong khi th\u1ecb tr\u01b0\u1eddng t\u00edn d\u1ee5ng \u0111\u00e3 ph\u00e1t tri\u1ec3n h\u01a1n 70 n\u0103m. Th\u1ecb tr\u01b0\u1eddng t\u00edn d\u1ee5ng \u0111\u00f3ng vai tr\u00f2 quan tr\u1ecdng trong vi\u1ec7c c\u1ea5p v\u1ed1n cho n\u1ec1n kinh t\u1ebf v\u00e0 DN, \u0111\u00e3 h\u00ecnh th\u00e0nh th\u00f3i quen trong DN. Khi c\u1ea7n vay v\u1ed1n, b\u1ea5t k\u1ec3 ng\u1eafn h\u1ea1n hay d\u00e0i h\u1ea1n, DN \u0111\u1ec1u ngh\u0129 \u0111\u1ebfn ng\u00e2n h\u00e0ng \u0111\u1ea7u ti\u00ean.<\/p>\n

DN Vi\u1ec7t Nam c\u00f2n nhi\u1ec1u h\u1ea1n ch\u1ebf, y\u1ebfu k\u00e9m, ch\u1ee7 y\u1ebfu l\u00e0 quy m\u00f4 nh\u1ecf b\u00e9, ngu\u1ed3n l\u1ef1c h\u1ea1n ch\u1ebf, ch\u01b0a c\u00f3 chi\u1ebfn l\u01b0\u1ee3c ph\u00e1t tri\u1ec3n d\u00e0i h\u1ea1n, qu\u1ea3n tr\u1ecb DN c\u00f2n n\u1eb7ng v\u1ec1 kinh nghi\u1ec7m, mang t\u00ednh ch\u1ea5t gia \u0111\u00ecnh, ch\u01b0a c\u00f3 th\u00f3i quen v\u00e0 \u0111i\u1ec1u ki\u1ec7n \u0111\u1ec3 \u00e1p d\u1ee5ng c\u00e1c m\u00f4 h\u00ecnh qu\u1ea3n tr\u1ecb kinh doanh hi\u1ec7n \u0111\u1ea1i chu\u1ea9n qu\u1ed1c t\u1ebf v\u00e0o ho\u1ea1t \u0111\u1ed9ng s\u1ea3n xu\u1ea5t kinh doanh nh\u01b0 y\u00eau c\u1ea7u ho\u1ea1t \u0111\u1ed9ng c\u1ee7a c\u00f4ng ty \u0111\u1ea1i ch\u00fang.<\/p>\n

\"19848<\/p>\n

Do t\u00e2m l\u00fd e ng\u1ea1i, s\u1ee3 b\u1ecb ti\u1ebft l\u1ed9 b\u00ed quy\u1ebft kinh doanh, ho\u1eb7c v\u00ec v\u1ea5n \u0111\u1ec1 l\u1ee3i \u00edch… n\u00ean nhi\u1ec1u DN Vi\u1ec7t Nam kh\u00f4ng mu\u1ed1n ni\u00eam y\u1ebft tr\u00ean TTCK.<\/em><\/p>\n

Ni\u00eam y\u1ebft tr\u00ean TTCK \u0111\u00f2i h\u1ecfi minh b\u1ea1ch v\u1ec1 th\u00f4ng tin, c\u00f4ng khai v\u1ec1 k\u1ebft qu\u1ea3 s\u1ea3n xu\u1ea5t kinh doanh c\u1ee7a DN. V\u00ec c\u00e1c l\u00fd do kh\u00e1c nhau nh\u01b0 t\u00e2m l\u00fd e ng\u1ea1i, s\u1ee3 b\u1ecb ti\u1ebft l\u1ed9 b\u00ed quy\u1ebft kinh doanh, ho\u1eb7c v\u00ec v\u1ea5n \u0111\u1ec1 l\u1ee3i \u00edch… n\u00ean DN kh\u00f4ng mu\u1ed1n ni\u00eam y\u1ebft tr\u00ean TTCK. Ngo\u00e0i ra, chi ph\u00ed ni\u00eam y\u1ebft tr\u00ean TTCK hi\u1ec7n nay kh\u00e1 t\u1ed1n k\u00e9m. DN ph\u1ea3i chi nhi\u1ec1u kho\u1ea3n nh\u01b0 thu\u00ea t\u01b0 v\u1ea5n, ki\u1ec3m to\u00e1n, chu\u1ea9n b\u1ecb h\u1ed3 s\u01a1, gi\u1ea5y t\u1edd, qu\u1ea3ng c\u00e1o, h\u1ed9i h\u1ecdp… DN c\u00f2n lo ng\u1ea1i quy\u1ec1n ki\u1ec3m so\u00e1t c\u00f3 th\u1ec3 b\u1ecb \u0111e d\u1ecda do vi\u1ec7c ni\u00eam y\u1ebft v\u00e0 giao d\u1ecbch tr\u00ean s\u00e0n ch\u1ee9ng kho\u00e1n \u1ea3nh h\u01b0\u1edfng t\u1edbi c\u01a1 c\u1ea5u c\u1ed5 \u0111\u00f4ng, c\u00f3 th\u1ec3 d\u1eabn t\u1edbi s\u1ef1 thay \u0111\u1ed5i b\u1ea5t \u1ed5n \u0111\u1ecbnh trong qu\u00e1 tr\u00ecnh qu\u1ea3n l\u00fd DN.<\/p>\n

Vi\u1ec7c ni\u00eam y\u1ebft tr\u00ean TTCK g\u00e2y \u00e1p l\u1ef1c \u0111\u1ed1i v\u1edbi l\u00e3nh \u0111\u1ea1o DN v\u1ec1 k\u1ebft qu\u1ea3 ho\u1ea1t \u0111\u1ed9ng s\u1ea3n xu\u1ea5t kinh doanh do lu\u00f4n ph\u1ea3i ch\u1ecbu \u00e1p l\u1ef1c gi\u00e1m s\u00e1t c\u1ee7a c\u00e1c c\u1ed5 \u0111\u00f4ng, \u00e1p l\u1ef1c ph\u1ea3i n\u00e2ng cao hi\u1ec7u qu\u1ea3 s\u1ea3n xu\u1ea5t kinh doanh. \u0110i\u1ec1u n\u00e0y d\u1ec5 g\u1eb7p h\u01a1n \u0111\u1ed1i v\u1edbi c\u00e1c doanh nghi\u1ec7p nh\u00e0 n\u01b0\u1edbc (DNNN) c\u1ed5 ph\u1ea7n h\u00f3a, do vi\u1ec7c l\u00e3nh \u0111\u1ea1o \u1edf c\u00f4ng ty c\u1ed5 ph\u1ea7n \u0111\u1ea1i ch\u00fang kh\u00e1c ho\u00e0n to\u00e0n v\u1edbi DNNN.<\/p>\n

C\u00e1c y\u00eau c\u1ea7u, ti\u00eau chu\u1ea9n \u0111\u1eb7t ra \u0111\u1ec3 DN \u0111\u01b0\u1ee3c ni\u00eam y\u1ebft tr\u00ean TTCK kh\u00f4ng ph\u1ea3i c\u00f4ng ty c\u1ed5 ph\u1ea7n n\u00e0o c\u0169ng \u0111\u1ea1t \u0111\u01b0\u1ee3c. Ch\u1eb3ng h\u1ea1n, \u0111i\u1ec1u ki\u1ec7n \u0111\u1ec3 tr\u1edf th\u00e0nh c\u00f4ng ty \u0111\u1ea1i ch\u00fang, y\u00eau c\u1ea7u ph\u1ea3i kinh doanh c\u00f3 l\u00e3i, ba n\u0103m li\u1ec1n kh\u00f4ng c\u00f3 n\u1ee3 qu\u00e1 h\u1ea1n… C\u00f3 nh\u1eefng quy \u0111\u1ecbnh c\u00f2n qu\u00e1 kh\u1eaft khe, ch\u1eb3ng h\u1ea1n \u0111\u1ec3 \u0111\u01b0\u1ee3c ph\u00e1t h\u00e0nh tr\u00e1i phi\u1ebfu, DN ph\u1ea3i \u0111\u01b0\u1ee3c x\u1ebfp h\u1ea1ng AA…<\/p>\n

\u0110\u1ec1 xu\u1ea5t c\u00e1c gi\u1ea3i ph\u00e1p c\u1ee5 th\u1ec3<\/h3>\n

Th\u1ee7 t\u01b0\u1edbng Ch\u00ednh ph\u1ee7 \u0111\u00e3 ban h\u00e0nh c\u00e1c Quy\u1ebft \u0111\u1ecbnh s\u1ed1 252\/2012\/Q\u0110-TTg v\u1ec1 Chi\u1ebfn l\u01b0\u1ee3c ph\u00e1t tri\u1ec3n TTCK giai \u0111o\u1ea1n 2011-2020, Quy\u1ebft \u0111\u1ecbnh s\u1ed1 1191\/Q\u0110-TTg ph\u00ea duy\u1ec7t l\u1ed9 tr\u00ecnh ph\u00e1t tri\u1ec3n th\u1ecb tr\u01b0\u1eddng tr\u00e1i phi\u1ebfu giai \u0111o\u1ea1n 2017-2020, t\u1ea7m nh\u00ecn \u0111\u1ebfn n\u0103m 2030. Theo c\u00e1c quy\u1ebft \u0111\u1ecbnh tr\u00ean, ph\u1ea5n \u0111\u1ea5u \u0111\u01b0a t\u1ed5ng gi\u00e1 tr\u1ecb v\u1ed1n h\u00f3a th\u1ecb tr\u01b0\u1eddng c\u1ed5 phi\u1ebfu v\u00e0o n\u0103m 2020 \u0111\u1ea1t kho\u1ea3ng 70% GDP, d\u01b0 n\u1ee3 th\u1ecb tr\u01b0\u1eddng tr\u00e1i phi\u1ebfu \u0111\u1ea1t kho\u1ea3ng 45% GDP v\u00e0o n\u0103m 2020 v\u00e0 kho\u1ea3ng 65% GDP v\u00e0o n\u0103m 2030.<\/p>\n

    \n
  • M\u1ee5c ti\u00eau chung:<\/strong> B\u1ea3o \u0111\u1ea3m ngu\u1ed3n v\u1ed1n trung v\u00e0 d\u00e0i h\u1ea1n cho n\u1ec1n kinh t\u1ebf v\u00e0 DN, h\u01b0\u1edbng t\u1edbi x\u00e2y d\u1ef1ng th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh ph\u00e1t tri\u1ec3n nhanh, b\u1ec1n v\u1eefng; b\u1ea3o \u0111\u1ea3m c\u00e2n b\u1eb1ng gi\u1eefa huy \u0111\u1ed9ng v\u1ed1n gi\u1eefa th\u1ecb tr\u01b0\u1eddng t\u00edn d\u1ee5ng v\u00e0 th\u1ecb tr\u01b0\u1eddng v\u1ed1n.<\/li>\n
  • M\u1ee5c ti\u00eau c\u1ee5 th\u1ec3:<\/strong> T\u0103ng nhanh s\u1ed1 l\u01b0\u1ee3ng DN ni\u00eam y\u1ebft tr\u00ean TTCK v\u00e0 ngu\u1ed3n v\u1ed1n huy \u0111\u1ed9ng tr\u00ean TTCK; gi\u00fap DN huy \u0111\u1ed9ng v\u1ed1n trung v\u00e0 d\u00e0i h\u1ea1n v\u1edbi chi ph\u00ed th\u1ea5p, th\u1ef1c hi\u1ec7n qu\u1ea3n tr\u1ecb DN hi\u1ec7n \u0111\u1ea1i theo chu\u1ea9n m\u1ef1c qu\u1ed1c t\u1ebf h\u01b0\u1edbng t\u1edbi m\u1ee5c ti\u00eau ph\u00e1t tri\u1ec3n b\u1ec1n v\u1eefng, n\u00e2ng cao n\u0103ng l\u1ef1c c\u1ea1nh tranh v\u00e0 kinh doanh hi\u1ec7u qu\u1ea3; b\u1ea3o \u0111\u1ea3m t\u00ednh an to\u00e0n cho h\u1ec7 th\u1ed1ng NHTM.<\/li>\n<\/ul>\n

    T\u1eeb c\u00e1c c\u01a1 s\u1edf tr\u00ean, t\u00e1c gi\u1ea3 \u0111\u1ec1 xu\u1ea5t c\u00e1c gi\u1ea3i ph\u00e1p c\u1ee5 th\u1ec3 nh\u01b0 sau:<\/p>\n

    M\u1ed9t l\u00e0, th\u1ef1c hi\u1ec7n minh b\u1ea1ch th\u00f4ng tin v\u00e0 \u00e1p d\u1ee5ng chu\u1ea9n m\u1ef1c k\u1ebf to\u00e1n qu\u1ed1c t\u1ebf<\/strong>. C\u1ea7n c\u00f3 nh\u1eefng quy \u0111\u1ecbnh c\u1ee5 th\u1ec3 h\u01a1n, \u0111\u1ed3ng b\u1ed9 h\u01a1n v\u1ec1 minh b\u1ea1ch th\u00f4ng tin DN v\u00e0 \u0111\u00e1nh gi\u00e1 t\u00edn nhi\u1ec7m DN l\u00e0m c\u0103n c\u1ee9 \u0111\u1ec3 Nh\u00e0 n\u01b0\u1edbc, DN, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 c\u0103n c\u1ee9 ch\u00ednh x\u00e1c \u0111\u1ec3 \u0111\u01b0a ra c\u00e1c quy\u1ebft \u0111\u1ecbnh qu\u1ea3n l\u00fd v\u00e0 \u0111\u1ea7u t\u01b0. Kinh nghi\u1ec7m qu\u1ed1c t\u1ebf cho th\u1ea5y, c\u00e1c t\u1ed5 ch\u1ee9c \u0111\u1ecbnh m\u1ee9c t\u00edn nhi\u1ec7m l\u00e0 m\u1ed9t y\u1ebfu t\u1ed1 quan tr\u1ecdng \u0111\u1ec3 TTCK ph\u00e1t tri\u1ec3n an to\u00e0n, l\u00e0nh m\u1ea1nh v\u00e0 b\u1ec1n v\u1eefng.<\/p>\n

    Th\u1ef1c hi\u1ec7n chu\u1ea9n h\u00f3a chu\u1ea9n m\u1ef1c k\u1ebf to\u00e1n Vi\u1ec7t Nam (VAS) theo chu\u1ea9n m\u1ef1c k\u1ebf to\u00e1n qu\u1ed1c t\u1ebf (IFRS)<\/strong>. Chu\u1ea9n m\u1ef1c k\u1ebf to\u00e1n Vi\u1ec7t Nam th\u1ef1c hi\u1ec7n t\u1eeb \u0111\u1ea7u n\u0103m 2000, \u0111\u1ebfn nay sau nhi\u1ec1u l\u1ea7n b\u1ed5 sung, ho\u00e0n thi\u1ec7n v\u1eabn b\u1ed9c l\u1ed9 nhi\u1ec1u b\u1ea5t c\u1eadp nh\u01b0: ch\u01b0a k\u1ecbp th\u1eddi b\u1ed5 sung c\u00e1c kh\u00e1c bi\u1ec7t theo chu\u1ea9n m\u1ef1c k\u1ebf to\u00e1n qu\u1ed1c t\u1ebf; \u00e1p d\u1ee5ng chung cho t\u1ea5t c\u1ea3 DN (k\u1ec3 c\u1ea3 DN l\u1edbn, DN nh\u1ecf, DN ni\u00eam y\u1ebft hay kh\u00f4ng ni\u00eam y\u1ebft tr\u00ean TTCK…); ch\u01b0a th\u1ed1ng nh\u1ea5t gi\u1eefa chu\u1ea9n m\u1ef1c k\u1ebf to\u00e1n v\u00e0 ch\u1ebf \u0111\u1ed9 k\u1ebf to\u00e1n… Vi\u1ec7c \u00e1p d\u1ee5ng chu\u1ea9n m\u1ef1c k\u1ebf to\u00e1n qu\u1ed1c t\u1ebf l\u00e0 xu h\u01b0\u1edbng ph\u00f9 h\u1ee3p v\u1edbi vi\u1ec7c Vi\u1ec7t Nam h\u1ed9i nh\u1eadp ng\u00e0y c\u00e0ng s\u00e2u r\u1ed9ng v\u00e0 t\u1ea1o \u0111i\u1ec1u ki\u1ec7n thu\u1eadn l\u1ee3i cho DN c\u00f3 th\u1ec3 ni\u00eam y\u1ebft tr\u00ean TTCK qu\u1ed1c t\u1ebf.<\/p>\n

    Hai l\u00e0, quy \u0111\u1ecbnh h\u1ea1n m\u1ee9c huy \u0111\u1ed9ng theo v\u1ed1n \u0111i\u1ec1u l\u1ec7 \u0111\u1ed1i v\u1edbi ho\u1ea1t \u0111\u1ed9ng huy \u0111\u1ed9ng v\u1ed1n c\u1ee7a c\u00e1c NHTM<\/strong>. Hi\u1ec7n nay, Ch\u00ednh ph\u1ee7 ch\u1ec9 quy \u0111\u1ecbnh v\u1ed1n ph\u00e1p \u0111\u1ecbnh cho vi\u1ec7c th\u00e0nh l\u1eadp v\u00e0 ho\u1ea1t \u0111\u1ed9ng c\u1ee7a t\u1ed5 ch\u1ee9c t\u00edn d\u1ee5ng, chi nh\u00e1nh ng\u00e2n h\u00e0ng n\u01b0\u1edbc ngo\u00e0i t\u1ea1i Vi\u1ec7t Nam (Ngh\u1ecb \u0111\u1ecbnh 86\/2019\/N\u0110-CP). Ng\u00e2n h\u00e0ng Nh\u00e0 n\u01b0\u1edbc c\u0169ng c\u00f3 quy \u0111\u1ecbnh v\u1ec1 c\u00e1c gi\u1edbi h\u1ea1n, t\u1ef7 l\u1ec7 b\u1ea3o \u0111\u1ea3m an to\u00e0n trong ho\u1ea1t \u0111\u1ed9ng c\u1ee7a ng\u00e2n h\u00e0ng, chi nh\u00e1nh ng\u00e2n h\u00e0ng n\u01b0\u1edbc ngo\u00e0i v\u1ec1 t\u1ef7 l\u1ec7 an to\u00e0n v\u1ed1n t\u1ed1i thi\u1ec3u; t\u1ef7 l\u1ec7 kh\u1ea3 n\u0103ng chi tr\u1ea3; t\u1ef7 l\u1ec7 t\u1ed1i \u0111a ngu\u1ed3n v\u1ed1n ng\u1eafn h\u1ea1n \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng \u0111\u1ec3 cho vay trung v\u00e0 d\u00e0i h\u1ea1n, t\u1ef7 l\u1ec7 d\u01b0 n\u1ee3 cho vay so v\u1edbi t\u1ed5ng ti\u1ec1n g\u1eedi… (Th\u00f4ng t\u01b0 22\/2019\/NHNN).<\/p>\n

    Tuy nhi\u00ean, th\u1ef1c t\u1ebf ho\u1ea1t \u0111\u1ed9ng c\u1ee7a c\u00e1c NHTM trong th\u1eddi gian v\u1eeba qua cho th\u1ea5y, c\u00f3 r\u1ee7i ro \u0111\u00e1ng ch\u00fa \u00fd l\u00e0 cu\u1ed9c \u0111ua l\u00e3i su\u1ea5t trong nh\u00f3m NHTM quy m\u00f4 nh\u1ecf nh\u1eb1m b\u1ea3o \u0111\u1ea3m c\u00e1c quy \u0111\u1ecbnh an to\u00e0n v\u00e0 gi\u1ea3i quy\u1ebft kh\u00f3 kh\u0103n thanh kho\u1ea3n. \u0110i\u1ec1u n\u00e0y cho th\u1ea5y, c\u00e1c quy \u0111\u1ecbnh v\u1ec1 gi\u1edbi h\u1ea1n, b\u1ea3o \u0111\u1ea3m an to\u00e0n c\u00f2n thi\u1ebfu v\u1eafng c\u00e1c quy \u0111\u1ecbnh v\u1ec1 h\u1ea1n m\u1ee9c huy \u0111\u1ed9ng cho t\u1eebng nh\u00f3m ng\u00e2n h\u00e0ng c\u00f3 m\u1ee9c v\u1ed1n ph\u00e1p \u0111\u1ecbnh kh\u00e1c nhau. Khi c\u00e1c NHTM huy \u0111\u1ed9ng ngu\u1ed3n v\u1ed1n l\u1edbn h\u01a1n r\u1ea5t nhi\u1ec1u v\u1ed1n t\u1ef1 c\u00f3 nh\u01b0ng ch\u1ec9 c\u1ea7n ph\u00e1t sinh n\u1ee3 x\u1ea5u \u1edf m\u1ed9t v\u00e0i kh\u00e1ch h\u00e0ng l\u1edbn, s\u1ebd d\u1eabn t\u1edbi t\u00ecnh tr\u1ea1ng m\u1ea5t kh\u1ea3 n\u0103ng thanh to\u00e1n, th\u1eadm ch\u00ed d\u1eabn t\u1edbi m\u1ea5t kh\u1ea3 n\u0103ng thanh kho\u1ea3n d\u00e2y chuy\u1ec1n trong h\u1ec7 th\u1ed1ng ng\u00e2n h\u00e0ng. Vi\u1ec7c quy \u0111\u1ecbnh m\u1ee9c d\u1ef1 tr\u1eef b\u1eaft bu\u1ed9c \u0111\u1ed1i v\u1edbi ho\u1ea1t \u0111\u1ed9ng c\u1ea5p t\u00edn d\u1ee5ng, cho vay kh\u00f4ng c\u00f3 \u00fd ngh\u0129a nhi\u1ec1u v\u00ec th\u1ef1c ch\u1ea5t s\u1ed1 ti\u1ec1n d\u1ef1 tr\u1eef b\u1eaft bu\u1ed9c \u0111\u00f3 kh\u00f4ng ph\u1ea3i ngu\u1ed3n v\u1ed1n t\u1ef1 c\u00f3 c\u1ee7a ng\u00e2n h\u00e0ng m\u00e0 l\u00e0 ngu\u1ed3n v\u1ed1n huy \u0111\u1ed9ng.<\/p>\n

    V\u00ec v\u1eady, Ch\u00ednh ph\u1ee7 c\u1ea7n c\u00f3 quy \u0111\u1ecbnh v\u1ec1 h\u1ea1n m\u1ee9c huy \u0111\u1ed9ng t\u00edn d\u1ee5ng c\u0103n c\u1ee9 v\u00e0o ngu\u1ed3n v\u1ed1n t\u1ef1 c\u00f3\/v\u1ed1n ph\u00e1p \u0111\u1ecbnh c\u1ee7a c\u00e1c NHTM v\u1edbi m\u1ee9c huy \u0111\u1ed9ng t\u1ed1i \u0111a t\u1eeb 3-5 l\u1ea7n v\u1ed1n ph\u00e1p \u0111\u1ecbnh c\u1ee7a ng\u00e2n h\u00e0ng. Ki\u1ebfn ngh\u1ecb v\u1ec1 m\u1ee9c huy \u0111\u1ed9ng t\u1ed1i \u0111a n\u00e0y c\u0103n c\u1ee9 v\u00e0o Quy\u1ebft \u0111\u1ecbnh s\u1ed1 13\/2018\/Q\u0110-TTg ng\u00e0y 6\/3\/2018 c\u1ee7a Th\u1ee7 t\u01b0\u1edbng Ch\u00ednh ph\u1ee7 quy \u0111\u1ecbnh v\u1ec1 \u0111i\u1ec1u ki\u1ec7n, h\u1ed3 s\u01a1, tr\u00ecnh t\u1ef1 \u0111\u1ec1 ngh\u1ecb ch\u1ea5p thu\u1eadn m\u1ee9c c\u1ea5p t\u00edn d\u1ee5ng t\u1ed1i \u0111a v\u01b0\u1ee3t gi\u1edbi h\u1ea1n c\u1ee7a t\u1ed5 ch\u1ee9c t\u00edn d\u1ee5ng, chi nh\u00e1nh ng\u00e2n h\u00e0ng n\u01b0\u1edbc ngo\u00e0i. Vi\u1ec7c t\u00ednh to\u00e1n m\u1ee9c huy \u0111\u1ed9ng t\u1ed1i \u0111a c\u1ee5 th\u1ec3 tr\u00ean v\u1ed1n ph\u00e1p \u0111\u1ecbnh s\u1ebd do Ng\u00e2n h\u00e0ng Nh\u00e0 n\u01b0\u1edbc \u0111\u1ec1 xu\u1ea5t.<\/p>\n

    \"19848<\/p>\n

    Ch\u00ednh ph\u1ee7 c\u1ea7n c\u00f3 quy \u0111\u1ecbnh v\u1ec1 h\u1ea1n m\u1ee9c huy \u0111\u1ed9ng t\u00edn d\u1ee5ng c\u0103n c\u1ee9 v\u00e0o ngu\u1ed3n v\u1ed1n t\u1ef1 c\u00f3\/v\u1ed1n ph\u00e1p \u0111\u1ecbnh c\u1ee7a c\u00e1c NHTM v\u1edbi m\u1ee9c huy \u0111\u1ed9ng t\u1ed1i \u0111a t\u1eeb 3-5 l\u1ea7n v\u1ed1n ph\u00e1p \u0111\u1ecbnh c\u1ee7a ng\u00e2n h\u00e0ng.<\/em><\/p>\n

    Th\u1ef1c hi\u1ec7n bi\u1ec7n ph\u00e1p n\u00e0y s\u1ebd ch\u1ea5m d\u1ee9t t\u00ecnh tr\u1ea1ng huy \u0111\u1ed9ng v\u1ed1n b\u1eb1ng m\u1ecdi c\u00e1ch, ti\u1ec1m \u1ea9n nguy c\u01a1 m\u1ea5t ki\u1ec3m so\u00e1t v\u1ec1 thanh kho\u1ea3n, r\u1ee7i ro t\u00edn d\u1ee5ng cao; \u0111\u1ed3ng th\u1eddi t\u1ea1o \u0111i\u1ec1u ki\u1ec7n \u0111\u1ec3 h\u1ea1 l\u00e3i su\u1ea5t cho vay, t\u1ea1o \u0111i\u1ec1u ki\u1ec7n cho DN gi\u1ea3m chi ph\u00ed v\u1ed1n, n\u00e2ng cao n\u0103ng l\u1ef1c c\u1ea1nh tranh.<\/p>\n

    Ba l\u00e0, th\u1ef1c hi\u1ec7n c\u00e1c bi\u1ec7n ph\u00e1p b\u1ea3o \u0111\u1ea3m c\u00e2n b\u1eb1ng th\u1ecb tr\u01b0\u1eddng t\u00edn d\u1ee5ng v\u00e0 th\u1ecb tr\u01b0\u1eddng v\u1ed1n, khuy\u1ebfn kh\u00edch DN ni\u00eam y\u1ebft tr\u00ean s\u00e0n ch\u1ee9ng kho\u00e1n<\/strong>. Ng\u00e2n h\u00e0ng \u01b0u ti\u00ean cho vay trung v\u00e0 d\u00e0i h\u1ea1n v\u1edbi l\u00e3i su\u1ea5t th\u1ea5p c\u00e1c \u0111\u01a1n v\u1ecb \u0111\u00e3 ni\u00eam y\u1ebft tr\u00ean s\u00e0n ch\u1ee9ng kho\u00e1n. Cho vay theo qu\u1ea3n tr\u1ecb d\u00f2ng ti\u1ec1n (thay \u0111\u1ed5i c\u0103n b\u1ea3n ph\u01b0\u01a1ng th\u1ee9c kinh doanh c\u1ee7a h\u1ec7 th\u1ed1ng ng\u00e2n h\u00e0ng hi\u1ec7n nay \u0111ang cho vay d\u1ef1a tr\u00ean t\u00e0i s\u1ea3n th\u1ebf ch\u1ea5p).<\/p>\n

    H\u1ec7 th\u1ed1ng NHTM c\u1ea7n quy \u0111\u1ecbnh kh\u1ed1ng ch\u1ebf s\u1ed1 d\u01b0 n\u1ee3 c\u1ee7a DN \u1edf m\u1ee9c r\u1ea5t th\u1ea5p \u0111\u1ec3 khuy\u1ebfn kh\u00edch c\u00e1c DN mu\u1ed1n l\u00e0m \u0103n l\u1edbn ph\u1ea3i huy \u0111\u1ed9ng v\u1ed1n tr\u00ean s\u00e0n ch\u1ee9ng kho\u00e1n. \u0110i\u1ec1u n\u00e0y, m\u1ed9t m\u1eb7t bu\u1ed9c DN ph\u1ea3i thay \u0111\u1ed5i th\u00f3i quen vay v\u1ed1n t\u1eeb ng\u00e2n h\u00e0ng, m\u1eb7t kh\u00e1c c\u00f3 t\u00e1c d\u1ee5ng h\u1ea1n ch\u1ebf r\u1ee7i ro cho ng\u00e2n h\u00e0ng do ngu\u1ed3n v\u1ed1n t\u1ef1 c\u00f3 c\u1ee7a c\u00e1c NHTM Vi\u1ec7t Nam r\u1ea5t th\u1ea5p, tr\u1eeb m\u1ed9t v\u00e0i ng\u00e2n h\u00e0ng c\u00f3 s\u1ed1 v\u1ed1n t\u1eeb 1-5 t\u1ef7 USD, c\u00f2n \u0111a s\u1ed1 ng\u00e2n h\u00e0ng c\u1ed5 ph\u1ea7n Vi\u1ec7t Nam c\u00f3 v\u1ed1n kho\u1ea3ng 500 tri\u1ec7u USD. B\u1edfi n\u1ebfu ng\u00e2n h\u00e0ng t\u1eadp trung v\u1ed1n cho m\u1ed9t DN s\u1ebd r\u1ea5t r\u1ee7i ro khi DN vay v\u1ed1n c\u1ee7a ng\u00e2n h\u00e0ng l\u00e0m \u0103n thua l\u1ed7, g\u00e2y \u1ea3nh h\u01b0\u1edfng d\u00e2y chuy\u1ec1n.<\/p>\n

    Nghi\u00ean c\u1ee9u ch\u00ednh s\u00e1ch h\u1ea1n ch\u1ebf ti\u1ec1n g\u1eedi ti\u1ebft ki\u1ec7m m\u00e0 nhi\u1ec1u n\u01b0\u1edbc tr\u00ean th\u1ebf gi\u1edbi \u0111ang \u00e1p d\u1ee5ng \u0111\u1ec3 \u0111i\u1ec1u ti\u1ebft d\u00f2ng ti\u1ec1n nh\u00e0n r\u1ed7i trong d\u00e2n c\u01b0 t\u1eeb k\u00eanh ti\u1ebft ki\u1ec7m sang c\u00e1c k\u00eanh \u0111\u1ea7u t\u01b0 kh\u00e1c. \u0110\u00e2y l\u00e0 ch\u00ednh s\u00e1ch kh\u00f3 th\u1ef1c hi\u1ec7n \u1edf Vi\u1ec7t Nam \u1edf th\u1eddi \u0111i\u1ec3m hi\u1ec7n nay. Tuy nhi\u00ean, v\u1ec1 l\u00e2u d\u00e0i th\u00ec ch\u00ednh s\u00e1ch n\u00e0y c\u00f3 t\u00e1c d\u1ee5ng gi\u00fap h\u1ea1 l\u00e3i su\u1ea5t cho vay c\u1ee7a c\u00e1c NHTM, t\u1eeb \u0111\u00f3 th\u00fac \u0111\u1ea9y s\u1ea3n xu\u1ea5t kinh doanh, \u0111\u1ed3ng th\u1eddi c\u00f3 t\u00e1c d\u1ee5ng \u0111a d\u1ea1ng h\u00f3a c\u00e1c k\u00eanh \u0111\u1ea7u t\u01b0 (phi ti\u1ebft ki\u1ec7m).<\/p>\n

    B\u1ed1n l\u00e0, \u0111\u1ea9y m\u1ea1nh ti\u1ebfn tr\u00ecnh t\u00e1i c\u01a1 c\u1ea5u DNNN, trong \u0111\u00f3 tr\u1ecdng t\u00e2m l\u00e0 c\u1ed5 ph\u1ea7n h\u00f3a c\u00e1c DNNN<\/strong>. Hi\u1ec7n nay, ti\u1ebfn tr\u00ecnh c\u1ed5 ph\u1ea7n h\u00f3a DNNN c\u00f2n ch\u1eadm, kh\u00f4ng b\u1ea3o \u0111\u1ea3m ti\u1ebfn \u0111\u1ed9 v\u00e0 danh m\u1ee5c do Ch\u00ednh ph\u1ee7 quy\u1ebft \u0111\u1ecbnh. Th\u1eadm ch\u00ed, c\u00e1c DNNN sau c\u1ed5 ph\u1ea7n h\u00f3a c\u0169ng ch\u1eadm th\u1ef1c hi\u1ec7n vi\u1ec7c ni\u00eam y\u1ebft tr\u00ean TTCK v\u1edbi nhi\u1ec1u l\u00fd do kh\u00e1c nhau. Theo b\u00e1o c\u00e1o c\u1ee7a B\u1ed9 T\u00e0i ch\u00ednh, \u0111\u1ebfn th\u00e1ng 9\/2019 c\u00f3 t\u1edbi 755 DNNN c\u1ed5 ph\u1ea7n h\u00f3a ch\u01b0a th\u1ef1c hi\u1ec7n ni\u00eam y\u1ebft, \u0111\u0103ng k\u00fd giao d\u1ecbch tr\u00ean s\u00e0n ch\u1ee9ng kho\u00e1n, trong \u0111\u00f3 c\u00f3 t\u1edbi 601 DN thu\u1ed9c danh s\u00e1ch B\u1ed9 T\u00e0i ch\u00ednh \u0111\u01b0a ra t\u1eeb hai n\u0103m tr\u01b0\u1edbc. Ch\u00ednh ph\u1ee7 c\u1ea7n c\u00f3 bi\u1ec7n ph\u00e1p h\u00e0nh ch\u00ednh m\u1ea1nh m\u1ebd h\u01a1n \u0111\u1ec3 c\u00e1c DNNN sau c\u1ed5 ph\u1ea7n h\u00f3a ph\u1ea3i th\u1ef1c hi\u1ec7n ni\u00eam y\u1ebft, \u0111\u0103ng k\u00fd giao d\u1ecbch tr\u00ean TTCK. V\u1edbi vi\u1ec7c \u0111\u01b0a l\u1ef1c l\u01b0\u1ee3ng DN n\u00e0y l\u00ean s\u00e0n, ch\u1eafc ch\u1eafn s\u1ebd t\u1ea1o ra \u201cc\u00fa h\u00edch\u201d quan tr\u1ecdng, t\u1ea1o lu\u1ed3ng sinh kh\u00ed m\u1edbi cho s\u1ef1 ph\u00e1t tri\u1ec3n c\u1ee7a TTCK.<\/p>\n

    N\u0103m l\u00e0, th\u1ef1c hi\u1ec7n qu\u1ea3n tr\u1ecb DN hi\u1ec7n \u0111\u1ea1i<\/strong>. C\u1ea7n nh\u1eadn th\u1ee9c r\u00f5 vi\u1ec7c \u00e1p d\u1ee5ng qu\u1ea3n tr\u1ecb DN hi\u1ec7n \u0111\u1ea1i theo chu\u1ea9n m\u1ef1c qu\u1ed1c t\u1ebf v\u00e0 minh b\u1ea1ch th\u00f4ng tin r\u1ea5t c\u00f3 l\u1ee3i cho DN trong vi\u1ec7c huy \u0111\u1ed9ng v\u1ed1n, x\u00e2y d\u1ef1ng th\u01b0\u01a1ng hi\u1ec7u, n\u00e2ng cao hi\u1ec7u qu\u1ea3 kinh doanh. \u0110\u1ed3ng th\u1eddi, c\u1ea7n thay \u0111\u1ed5i t\u00e2m l\u00fd, th\u00f3i quen \u201cc\u1ea7n v\u1ed1n l\u00e0 ngh\u0129 \u0111\u1ebfn ng\u00e2n h\u00e0ng\u201d, thay b\u1eb1ng th\u00f3i quen huy \u0111\u1ed9ng v\u1ed1n tr\u00ean TTCK v\u00ec chi ph\u00ed th\u1ea5p h\u01a1n nhi\u1ec1u so v\u1edbi vay v\u1ed1n c\u1ee7a ng\u00e2n h\u00e0ng v\u1edbi chi ph\u00ed r\u1ea5t cao. K\u1ec3 c\u1ea3 huy \u0111\u1ed9ng v\u1ed1n qu\u1ed1c t\u1ebf r\u1ea5t d\u1ec5 d\u00e0ng do c\u00f4ng ty \u0111\u01b0\u1ee3c ki\u1ec3m to\u00e1n qu\u1ed1c t\u1ebf c\u00f4ng khai, minh b\u1ea1ch. \u0110\u01a1n c\u1eed, th\u1eddi gian v\u1eeba qua c\u00e1c DN \u0111\u00e3 huy \u0111\u1ed9ng v\u1ed1n th\u00e0nh c\u00f4ng tr\u00ean TTCK nh\u01b0 Vinamilk, FPT, VinGroup, D\u01b0\u1ee3c H\u1eadu Giang, Masan, Kinh \u0110\u00f4, Vietjet Air… \u0111\u1ec1u nh\u1edd qu\u1ea3n tr\u1ecb DN hi\u1ec7n \u0111\u1ea1i theo chu\u1ea9n m\u1ef1c qu\u1ed1c t\u1ebf v\u00e0 ni\u00eam y\u1ebft s\u1edbm tr\u00ean TTCK.<\/p>\n

    <\/div>\n

    \u0110\u1eb7ng \u0110\u1ee9c Th\u00e0nh<\/strong>
    \nNgu\u1ed3n Doanh Nh\u00e2n S\u00e0i G\u00f2n<\/i><\/span><\/p>\n

    \n