T\u00ednh \u0111\u1ebfn h\u1ebft th\u00e1ng 8, t\u0103ng tr\u01b0\u1edfng t\u00edn d\u1ee5ng \u0111\u1ea1t 11,5%. V\u1edbi vi\u1ec7c \u201cb\u01a1m\u201d t\u00edn d\u1ee5ng th\u00eam t\u1eeb 10-12% trong 4 th\u00e1ng cu\u1ed1i n\u0103m, t\u01b0\u01a1ng \u0111\u01b0\u01a1ng kho\u1ea3ng 550.000-660.000 t\u1ef7 \u0111\u1ed3ng, li\u1ec7u c\u00e1c l\u0129nh v\u1ef1c s\u1ea3n xu\u1ea5t c\u00f3 h\u1ea5p th\u1ee5 \u0111\u01b0\u1ee3c kh\u1ed1i l\u01b0\u1ee3ng ti\u1ec1n kh\u1ed5ng l\u1ed3 nh\u01b0 v\u1eady trong th\u1eddi gian ng\u1eafn?<\/p>\n
V\u1ed1n d\u1ed3i d\u00e0o<\/strong> Tr\u00ean th\u1ecb tr\u01b0\u1eddng m\u1edf, NHNN \u0111\u00e3 ph\u1ea3i h\u00fat v\u1ec1 r\u00f2ng 32.632 t\u1ef7 \u0111\u1ed3ng trong 8 th\u00e1ng qua. B\u00ean c\u1ea1nh \u0111\u00f3, \u00e1p l\u1ef1c t\u1eeb ph\u00eda t\u1ef7 gi\u00e1 kh\u00f4ng qu\u00e1 l\u1edbn, l\u1ea1m ph\u00e1t nhi\u1ec1u kh\u1ea3 n\u0103ng trong t\u1ea7m ki\u1ec3m so\u00e1t d\u01b0\u1edbi 4%. NHNN mua th\u00eam m\u1ed9t l\u01b0\u1ee3ng ngo\u1ea1i t\u1ec7 \u0111\u00e1ng k\u1ec3 \u0111\u1ec3 t\u0103ng d\u1ef1 tr\u1eef ngo\u1ea1i h\u1ed1i, t\u1eeb \u0111\u00f3 t\u0103ng cung VN\u0110 ra th\u1ecb tr\u01b0\u1eddng. Chuy\u00ean gia kinh t\u1ebf L\u00ea Xu\u00e2n Ngh\u0129a cho r\u1eb1ng, m\u1ee5c ti\u00eau t\u0103ng tr\u01b0\u1edfng t\u00edn d\u1ee5ng tr\u00ean 20% trong n\u0103m nay l\u00e0 c\u00f3 th\u1ec3 \u0111\u1ea1t \u0111\u01b0\u1ee3c, v\u1ea5n \u0111\u1ec1 l\u00e0 ph\u1ea3i ki\u1ec3m so\u00e1t t\u00edn d\u1ee5ng. T\u00ednh \u0111\u1ebfn h\u1ebft th\u00e1ng 8, t\u0103ng tr\u01b0\u1edfng t\u00edn d\u1ee5ng \u0111\u1ea1t 11,5%. V\u1edbi vi\u1ec7c \u201cb\u01a1m\u201d t\u00edn d\u1ee5ng th\u00eam t\u1eeb 10-12% trong 4 th\u00e1ng cu\u1ed1i n\u0103m, t\u01b0\u01a1ng \u0111\u01b0\u01a1ng kho\u1ea3ng 550.000-660.000 t\u1ef7 \u0111\u1ed3ng, li\u1ec7u c\u00e1c l\u0129nh v\u1ef1c s\u1ea3n xu\u1ea5t c\u00f3 h\u1ea5p th\u1ee5 \u0111\u01b0\u1ee3c kh\u1ed1i l\u01b0\u1ee3ng ti\u1ec1n kh\u1ed5ng l\u1ed3 nh\u01b0 v\u1eady trong th\u1eddi gian ng\u1eafn? V\u1ed1n d\u1ed3i d\u00e0o M\u1eb7c …<\/p>\n","protected":false},"author":4,"featured_media":16504,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46,50,60,68,54,52],"tags":[],"class_list":["post-16502","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ban-le","category-kinh-doanh","category-tai-chinh","category-tai-chinh-quan-ly","category-thi-truong-ban-si","category-thi-truong-ban-le"],"yoast_head":"\n
\nM\u1eb7c d\u00f9 \u0111\u1ea1t m\u1ee9c cao h\u01a1n c\u00f9ng k\u1ef3 nh\u1eefng n\u0103m g\u1ea7n \u0111\u00e2y, nh\u01b0ng so v\u1edbi \u0111\u1ecbnh h\u01b0\u1edbng 21-22% m\u00e0 Ch\u00ednh ph\u1ee7 g\u1ee3i m\u1edf, t\u0103ng tr\u01b0\u1edfng t\u00edn d\u1ee5ng qua 8 th\u00e1ng \u0111\u1ea7u n\u0103m m\u1edbi ch\u1ec9 th\u1ef1c hi\u1ec7n \u0111\u01b0\u1ee3c m\u1ed9t n\u1eeda. B\u1ed1n th\u00e1ng c\u00f2n l\u1ea1i, h\u1ec7 th\u1ed1ng c\u00e1c t\u1ed5 ch\u1ee9c t\u00edn d\u1ee5ng (TCTD) s\u1ebd ph\u1ea3i d\u1ed3n t\u0103ng ngu\u1ed3n ti\u1ec1n cho vay \u00edt nh\u1ea5t b\u1eb1ng t\u1ed1c \u0111\u1ed9 c\u1ee7a c\u1ea3 8 th\u00e1ng qua.
\nV\u1edbi y\u00eau c\u1ea7u n\u00e0y, NHNN ph\u1ea3i \u0111\u1ea3m b\u1ea3o c\u00f3 ngu\u1ed3n thanh kho\u1ea3n \u0111\u1ec3 c\u00e1c NHTM cho vay. Theo \u1ee6y ban Gi\u00e1m s\u00e1t t\u00e0i ch\u00ednh Qu\u1ed1c gia (NFSC), \u0111\u1ebfn cu\u1ed1i th\u00e1ng 8\/2017, c\u00e1c TCTD huy \u0111\u1ed9ng \u01b0\u1edbc \u0111\u1ea1t 9,1% so v\u1edbi cu\u1ed1i n\u0103m 2016, t\u1ed1c \u0111\u1ed9 huy \u0111\u1ed9ng \u0111ang th\u1ea5p h\u01a1n t\u0103ng tr\u01b0\u1edfng cho vay. Tuy v\u1eady, hi\u1ec7n thanh kho\u1ea3n c\u1ee7a ng\u00e2n h\u00e0ng \u0111ang \u0111\u01b0\u1ee3c thu\u1eadn l\u1ee3i t\u1eeb ngu\u1ed3n cung, ti\u1ec1n g\u1eedi c\u1ee7a Kho b\u1ea1c Nh\u00e0 n\u01b0\u1edbc (KBNN). T\u00ednh \u0111\u1ebfn cu\u1ed1i th\u00e1ng 8\/2017, ti\u1ec1n g\u1eedi c\u1ee7a KBNN t\u1ea1i c\u00e1c NHTM l\u00e0 kho\u1ea3ng 160.000 t\u1ef7 \u0111\u1ed3ng, t\u0103ng t\u1edbi 68% so v\u1edbi \u0111\u1ea7u n\u0103m.<\/p>\n
\nC\u00f3 h\u1ea5p th\u1ee5 h\u1ebft?<\/strong>
\nV\u1edbi m\u1ee9c t\u00edn d\u1ee5ng \u0111\u01b0\u1ee3c \u0111i\u1ec1u ch\u1ec9nh t\u0103ng t\u1eeb 18% l\u00ean 21-22%, t\u1ed5ng m\u1ee9c t\u00edn d\u1ee5ng s\u1ebd \u0111\u01b0\u1ee3c \u201cb\u01a1m\u201d ra cho c\u1ea3 n\u0103m 2017 kho\u1ea3ng 1,155 \u2013 1,21 tri\u1ec7u t\u1ef7 \u0111\u1ed3ng. Theo \u0111\u00e1nh gi\u00e1 c\u1ee7a C\u00f4ng ty Ch\u1ee9ng kho\u00e1n B\u1ea3n Vi\u1ec7t (VCSC), 4 th\u00e1ng cu\u1ed1i n\u0103m, ng\u00e0nh ng\u00e2n h\u00e0ng ph\u1ea3i t\u0103ng t\u1ed1c gi\u1ea3i ng\u00e2n t\u00edn d\u1ee5ng kho\u1ea3ng 601.700 t\u1ef7 \u0111\u1ed3ng m\u1edbi c\u00f3 th\u1ec3 s\u1eed d\u1ee5ng h\u1ebft room (h\u1ea1n m\u1ee9c) t\u00edn d\u1ee5ng c\u00f2n l\u1ea1i l\u00e0 10,5% \u0111\u1ec3 \u0111\u1ea1t m\u1ee5c ti\u00eau 22% cho c\u1ea3 n\u0103m. V\u1ea5n \u0111\u1ec1 l\u00e0 li\u1ec7u c\u00e1c l\u0129nh v\u1ef1c s\u1ea3n xu\u1ea5t c\u00f3 h\u1ea5p th\u1ee5 \u0111\u01b0\u1ee3c kh\u1ed1i l\u01b0\u1ee3ng ti\u1ec1n kh\u1ed5ng l\u1ed3 nh\u01b0 v\u1eady trong th\u1eddi gian ng\u1eafn? N\u1ebfu kh\u00f4ng, ti\u1ec1n s\u1ebd ch\u1ea3y v\u00e0o b\u1ea5t \u0111\u1ed9ng s\u1ea3n, ch\u1ee9ng kho\u00e1n v\u00e0 g\u00e2y n\u00ean c\u00e1c \u201cc\u01a1n s\u1ed1t\u201d gi\u00e1 \u1ea3o nh\u01b0 \u0111\u00e3 t\u1eebng di\u1ec5n ra trong qu\u00e1 kh\u1ee9.
\nTh\u1ef1c t\u1ebf, d\u00f2ng v\u1ed1n cho n\u00f4ng nghi\u1ec7p \u0111ang \u0111\u01b0\u1ee3c h\u01b0\u1edfng \u1ee9ng, khuy\u1ebfn kh\u00edch song kh\u1ea3 n\u0103ng h\u1ea5p th\u1ee5 ch\u1ec9 v\u00e0o kho\u1ea3ng 30% s\u1ed1 t\u0103ng tr\u01b0\u1edfng ph\u00e2n kh\u00fac n\u00e0y. L\u00fd do l\u00e0 kh\u00e1ch h\u00e0ng v\u1eabn kh\u00f3 ti\u1ebfp c\u1eadn \u0111\u01b0\u1ee3c ngu\u1ed3n v\u1ed1n \u01b0u \u0111\u00e3i.
\nTheo TS C\u1ea5n V\u0103n L\u1ef1c, th\u00f4ng th\u01b0\u1eddng v\u00e0o giai \u0111o\u1ea1n cu\u1ed1i n\u0103m c\u00f3 3 l\u0129nh v\u1ef1c h\u00fat v\u1ed1n nhi\u1ec1u nh\u1ea5t. Th\u1ee9 nh\u1ea5t, l\u00e0 v\u1ed1n cho vay kinh doanh th\u01b0\u01a1ng m\u1ea1i, nhu c\u1ea7u v\u1ed1n chu\u1ea9n b\u1ecb h\u00e0ng h\u00f3a d\u1ecbp T\u1ebft, d\u1ecbch v\u1ee5 ng\u1eafn h\u1ea1n cu\u1ed1i n\u0103m. Th\u1ee9 hai, l\u0129nh v\u1ef1c cho vay ti\u00eau d\u00f9ng, mua s\u1eafm, s\u1eeda ch\u1eefa nh\u00e0 c\u1eeda, mua \u00f4 t\u00f4… Th\u1ee9 ba, gi\u1ea3i ng\u00e2n cho c\u00e1c d\u1ef1 \u00e1n, c\u00f4ng tr\u00ecnh. L\u00e3nh \u0111\u1ea1o m\u1ed9t s\u1ed1 ng\u00e2n h\u00e0ng cho bi\u1ebft, t\u00edn d\u1ee5ng hi\u1ec7n v\u1eabn t\u1eadp trung ch\u1ee7 y\u1ebfu v\u00e0o c\u00e1c l\u0129nh v\u1ef1c s\u1ea3n xu\u1ea5t, nh\u01b0ng c\u0169ng th\u1eeba nh\u1eadn b\u1ea5t \u0111\u1ed9ng s\u1ea3n \u1ea5m d\u1ea7n l\u00ean l\u00e0 c\u01a1 h\u1ed9i t\u1ed1t \u0111\u1ec3 t\u0103ng tr\u01b0\u1edfng d\u01b0 n\u1ee3 t\u00edn d\u1ee5ng, nh\u1ea5t l\u00e0 \u0111\u1ed1i v\u1edbi ph\u00e2n kh\u00fac kh\u00e1ch h\u00e0ng c\u00e1 nh\u00e2n mua nh\u00e0.
\nPh\u00eda NHNN cho bi\u1ebft, ch\u1ec9 ti\u00eau h\u01a1n 20% l\u00e0 \u0111\u1ecbnh h\u01b0\u1edbng c\u1ee7a Ch\u00ednh ph\u1ee7 ch\u1ee9 kh\u00f4ng ph\u1ea3i ch\u1ec9 ti\u00eau ph\u00e1p l\u1ec7nh. M\u1eb7t kh\u00e1c, NHNN ch\u1ee7 \u0111\u1ed9ng x\u00e2y d\u1ef1ng c\u00e1c k\u1ecbch b\u1ea3n TTTD t\u1eeb nay \u0111\u1ebfn cu\u1ed1i n\u0103m v\u1edbi m\u1ed1c 22% theo h\u01b0\u1edbng v\u1eeba \u0111\u1ea3m b\u1ea3o t\u0103ng tr\u01b0\u1edfng nh\u01b0ng v\u1eabn h\u1ea1n ch\u1ebf t\u1ed1i \u0111a t\u00e1c \u0111\u1ed9ng m\u1ea1nh \u0111\u1ebfn l\u1ea1m ph\u00e1t v\u00e0 t\u1ef7 gi\u00e1.<\/p>\n\n\n
\n \u0110\u1ebfn nay, nhi\u1ec1u ng\u00e2n h\u00e0ng \u0111\u00e3 s\u1eed d\u1ee5ng g\u1ea7n c\u1ea1n ch\u1ec9 ti\u00eau t\u00edn d\u1ee5ng \u0111\u01b0\u1ee3c NHNN giao \u0111\u1ea7u n\u0103m nh\u01b0 VIBBank, ACB, VP Bank, LienVietPostBank\u2026 L\u00e3nh \u0111\u1ea1o nhi\u1ec1u nh\u00e0 b\u0103ng cho bi\u1ebft \u0111\u00e3 tr\u00ecnh NHNN xin n\u00e2ng room t\u00edn d\u1ee5ng \u0111\u1ec3 c\u00f3 th\u00eam d\u01b0 \u0111\u1ecba cho vay, song kh\u1ea3 n\u0103ng \u0111\u01b0\u1ee3c xem x\u00e9t d\u1ef1a tr\u00ean c\u00e1c ti\u00eau ch\u00ed v\u00e0 quy m\u00f4 c\u1ee7a t\u1eebng ng\u00e2n h\u00e0ng.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"