{"id":26009,"date":"2025-02-04T11:39:18","date_gmt":"2025-02-04T04:39:18","guid":{"rendered":"http:\/\/infina.vn\/blog\/?p=26009"},"modified":"2025-02-04T11:39:18","modified_gmt":"2025-02-04T04:39:18","slug":"5-ky-thuat-phong-ngua-rui-ro-ty-gia-pho-bien-tc","status":"publish","type":"post","link":"https:\/\/infina.vn\/blog\/5-ky-thuat-phong-ngua-rui-ro-ty-gia-pho-bien-tc\/","title":{"rendered":"5 K\u1ef9 Thu\u1eadt Ph\u00f2ng Ng\u1eeba R\u1ee7i Ro T\u1ef7 Gi\u00e1 Ph\u1ed5 Bi\u1ebfn"},"content":{"rendered":"\n\n<div class=\"kk-star-ratings kksr-auto kksr-align-right kksr-valign-top\"\n    data-payload='{&quot;align&quot;:&quot;right&quot;,&quot;id&quot;:&quot;26009&quot;,&quot;slug&quot;:&quot;default&quot;,&quot;valign&quot;:&quot;top&quot;,&quot;ignore&quot;:&quot;&quot;,&quot;reference&quot;:&quot;auto&quot;,&quot;class&quot;:&quot;&quot;,&quot;count&quot;:&quot;0&quot;,&quot;legendonly&quot;:&quot;&quot;,&quot;readonly&quot;:&quot;&quot;,&quot;score&quot;:&quot;0&quot;,&quot;starsonly&quot;:&quot;&quot;,&quot;best&quot;:&quot;5&quot;,&quot;gap&quot;:&quot;2&quot;,&quot;greet&quot;:&quot;\u0110\u00e1nh gi\u00e1 t\u1ea1i \u0111\u00e2y&quot;,&quot;legend&quot;:&quot;0\\\/5 - (0 votes)&quot;,&quot;size&quot;:&quot;24&quot;,&quot;title&quot;:&quot;5 K\u1ef9 Thu\u1eadt Ph\u00f2ng Ng\u1eeba R\u1ee7i Ro T\u1ef7 Gi\u00e1 Ph\u1ed5 Bi\u1ebfn&quot;,&quot;width&quot;:&quot;0&quot;,&quot;_legend&quot;:&quot;{score}\\\/{best} - ({count} {votes})&quot;,&quot;font_factor&quot;:&quot;1.25&quot;}'>\n            \n<div class=\"kksr-stars\">\n    \n<div class=\"kksr-stars-inactive\">\n            <div class=\"kksr-star\" data-star=\"1\" style=\"padding-right: 2px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"2\" style=\"padding-right: 2px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"3\" style=\"padding-right: 2px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"4\" style=\"padding-right: 2px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"5\" style=\"padding-right: 2px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n    <\/div>\n    \n<div class=\"kksr-stars-active\" style=\"width: 0px;\">\n            <div class=\"kksr-star\" style=\"padding-right: 2px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 2px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 2px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 2px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 2px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n    <\/div>\n<\/div>\n                \n\n<div class=\"kksr-legend\" style=\"font-size: 19.2px;\">\n            <span class=\"kksr-muted\">\u0110\u00e1nh gi\u00e1 t\u1ea1i \u0111\u00e2y<\/span>\n    <\/div>\n    <\/div>\n<p>R\u1ee7i ro t\u1ef7 gi\u00e1 c\u00f3 th\u1ec3 \u1ea3nh h\u01b0\u1edfng nghi\u00eam tr\u1ecdng \u0111\u1ebfn l\u1ee3i nhu\u1eadn v\u00e0 kh\u1ea3 n\u0103ng c\u1ea1nh tranh c\u1ee7a doanh nghi\u1ec7p. D\u01b0\u1edbi \u0111\u00e2y l\u00e0 5 k\u1ef9 thu\u1eadt ph\u1ed5 bi\u1ebfn \u0111\u1ec3 ki\u1ec3m so\u00e1t r\u1ee7i ro n\u00e0y:<\/p>\n<ol>\n<li><strong>H\u1ee3p \u0110\u1ed3ng K\u1ef3 H\u1ea1n (Forward Contracts)<\/strong>: Kh\u00f3a t\u1ef7 gi\u00e1 c\u1ed1 \u0111\u1ecbnh cho giao d\u1ecbch t\u01b0\u01a1ng lai, ph\u00f9 h\u1ee3p v\u1edbi d\u00f2ng ti\u1ec1n \u1ed5n \u0111\u1ecbnh.<\/li>\n<li><strong>Quy\u1ec1n Ch\u1ecdn Ti\u1ec1n T\u1ec7 (Currency Options)<\/strong>: Linh ho\u1ea1t t\u1eadn d\u1ee5ng bi\u1ebfn \u0111\u1ed9ng t\u1ef7 gi\u00e1 thu\u1eadn l\u1ee3i, nh\u01b0ng chi ph\u00ed cao.<\/li>\n<li><strong>Ph\u00f2ng Ng\u1eeba Qua Th\u1ecb Tr\u01b0\u1eddng Ti\u1ec1n T\u1ec7 (Money Market Hedge)<\/strong>: S\u1eed d\u1ee5ng c\u00f4ng c\u1ee5 t\u00e0i ch\u00ednh ng\u1eafn h\u1ea1n, y\u00eau c\u1ea7u v\u1ed1n l\u1edbn.<\/li>\n<li><strong>Ho\u00e1n \u0110\u1ed5i Ti\u1ec1n T\u1ec7 (Currency Swaps)<\/strong>: Ki\u1ec3m so\u00e1t r\u1ee7i ro d\u00e0i h\u1ea1n, th\u00edch h\u1ee3p cho c\u00e1c kho\u1ea3n vay l\u1edbn.<\/li>\n<li><strong>Ph\u00f2ng Ng\u1eeba T\u1ef1 Nhi\u00ean (Natural Hedging)<\/strong>: C\u00e2n \u0111\u1ed1i thu chi c\u00f9ng lo\u1ea1i ngo\u1ea1i t\u1ec7, ti\u1ebft ki\u1ec7m chi ph\u00ed.<\/li>\n<\/ol>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_73 ez-toc-wrap-center counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">N\u1ed9i dung ch\u00ednh<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/infina.vn\/blog\/5-ky-thuat-phong-ngua-rui-ro-ty-gia-pho-bien-tc\/#So_Sanh_Nhanh\" title=\"So S\u00e1nh Nhanh\">So S\u00e1nh Nhanh<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/infina.vn\/blog\/5-ky-thuat-phong-ngua-rui-ro-ty-gia-pho-bien-tc\/#1_Hop_Dong_Ky_Han_Forward_Contracts\" title=\"1. H\u1ee3p \u0110\u1ed3ng K\u1ef3 H\u1ea1n (Forward Contracts)\">1. H\u1ee3p \u0110\u1ed3ng K\u1ef3 H\u1ea1n (Forward Contracts)<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/infina.vn\/blog\/5-ky-thuat-phong-ngua-rui-ro-ty-gia-pho-bien-tc\/#Khi_nao_nen_dung\" title=\"Khi n\u00e0o n\u00ean d\u00f9ng?\">Khi n\u00e0o n\u00ean d\u00f9ng?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/infina.vn\/blog\/5-ky-thuat-phong-ngua-rui-ro-ty-gia-pho-bien-tc\/#Mot_so_dieu_can_luu_y\" title=\"M\u1ed9t s\u1ed1 \u0111i\u1ec1u c\u1ea7n l\u01b0u \u00fd\">M\u1ed9t s\u1ed1 \u0111i\u1ec1u c\u1ea7n l\u01b0u \u00fd<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/infina.vn\/blog\/5-ky-thuat-phong-ngua-rui-ro-ty-gia-pho-bien-tc\/#Quy_trinh_thuc_hien\" title=\"Quy tr\u00ecnh th\u1ef1c hi\u1ec7n\">Quy tr\u00ecnh th\u1ef1c hi\u1ec7n<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/infina.vn\/blog\/5-ky-thuat-phong-ngua-rui-ro-ty-gia-pho-bien-tc\/#2_Quyen_Chon_Tien_Te_Currency_Options\" title=\"2. Quy\u1ec1n Ch\u1ecdn Ti\u1ec1n T\u1ec7 (Currency Options)\">2. Quy\u1ec1n Ch\u1ecdn Ti\u1ec1n T\u1ec7 (Currency Options)<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/infina.vn\/blog\/5-ky-thuat-phong-ngua-rui-ro-ty-gia-pho-bien-tc\/#Khi_nao_nen_su_dung\" title=\"Khi n\u00e0o n\u00ean s\u1eed d\u1ee5ng?\">Khi n\u00e0o n\u00ean s\u1eed d\u1ee5ng?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/infina.vn\/blog\/5-ky-thuat-phong-ngua-rui-ro-ty-gia-pho-bien-tc\/#Cach_thuc_hoat_dong\" title=\"C\u00e1ch th\u1ee9c ho\u1ea1t \u0111\u1ed9ng\">C\u00e1ch th\u1ee9c ho\u1ea1t \u0111\u1ed9ng<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/infina.vn\/blog\/5-ky-thuat-phong-ngua-rui-ro-ty-gia-pho-bien-tc\/#Luu_y_quan_trong\" title=\"L\u01b0u \u00fd quan tr\u1ecdng\">L\u01b0u \u00fd quan tr\u1ecdng<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/infina.vn\/blog\/5-ky-thuat-phong-ngua-rui-ro-ty-gia-pho-bien-tc\/#3_Phong_Ngua_Rui_Ro_Qua_Thi_Truong_Tien_Te_Money_Market_Hedge\" title=\"3. Ph\u00f2ng Ng\u1eeba R\u1ee7i Ro Qua Th\u1ecb Tr\u01b0\u1eddng Ti\u1ec1n T\u1ec7 (Money Market Hedge)\">3. Ph\u00f2ng Ng\u1eeba R\u1ee7i Ro Qua Th\u1ecb Tr\u01b0\u1eddng Ti\u1ec1n T\u1ec7 (Money Market Hedge)<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/infina.vn\/blog\/5-ky-thuat-phong-ngua-rui-ro-ty-gia-pho-bien-tc\/#Dac_diem_chinh\" title=\"\u0110\u1eb7c \u0111i\u1ec3m ch\u00ednh\">\u0110\u1eb7c \u0111i\u1ec3m ch\u00ednh<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/infina.vn\/blog\/5-ky-thuat-phong-ngua-rui-ro-ty-gia-pho-bien-tc\/#Cach_thuc_hoat_dong-2\" title=\"C\u00e1ch th\u1ee9c ho\u1ea1t \u0111\u1ed9ng\">C\u00e1ch th\u1ee9c ho\u1ea1t \u0111\u1ed9ng<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/infina.vn\/blog\/5-ky-thuat-phong-ngua-rui-ro-ty-gia-pho-bien-tc\/#Khi_nao_nen_su_dung-2\" title=\"Khi n\u00e0o n\u00ean s\u1eed d\u1ee5ng?\">Khi n\u00e0o n\u00ean s\u1eed d\u1ee5ng?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/infina.vn\/blog\/5-ky-thuat-phong-ngua-rui-ro-ty-gia-pho-bien-tc\/#Luu_y_quan_trong-2\" title=\"L\u01b0u \u00fd quan tr\u1ecdng\">L\u01b0u \u00fd quan tr\u1ecdng<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/infina.vn\/blog\/5-ky-thuat-phong-ngua-rui-ro-ty-gia-pho-bien-tc\/#Chien_luoc_thuc_hien\" title=\"Chi\u1ebfn l\u01b0\u1ee3c th\u1ef1c hi\u1ec7n\">Chi\u1ebfn l\u01b0\u1ee3c th\u1ef1c hi\u1ec7n<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/infina.vn\/blog\/5-ky-thuat-phong-ngua-rui-ro-ty-gia-pho-bien-tc\/#4_Hoan_Doi_Tien_Te_Currency_Swaps\" title=\"4. Ho\u00e1n \u0110\u1ed5i Ti\u1ec1n T\u1ec7 (Currency Swaps)\">4. Ho\u00e1n \u0110\u1ed5i Ti\u1ec1n T\u1ec7 (Currency Swaps)<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/infina.vn\/blog\/5-ky-thuat-phong-ngua-rui-ro-ty-gia-pho-bien-tc\/#Co_che_hoat_dong\" title=\"C\u01a1 ch\u1ebf ho\u1ea1t \u0111\u1ed9ng\">C\u01a1 ch\u1ebf ho\u1ea1t \u0111\u1ed9ng<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/infina.vn\/blog\/5-ky-thuat-phong-ngua-rui-ro-ty-gia-pho-bien-tc\/#Dac_diem_va_ung_dung\" title=\"\u0110\u1eb7c \u0111i\u1ec3m v\u00e0 \u1ee9ng d\u1ee5ng\">\u0110\u1eb7c \u0111i\u1ec3m v\u00e0 \u1ee9ng d\u1ee5ng<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/infina.vn\/blog\/5-ky-thuat-phong-ngua-rui-ro-ty-gia-pho-bien-tc\/#Khi_nao_nen_su_dung-3\" title=\"Khi n\u00e0o n\u00ean s\u1eed d\u1ee5ng?\">Khi n\u00e0o n\u00ean s\u1eed d\u1ee5ng?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/infina.vn\/blog\/5-ky-thuat-phong-ngua-rui-ro-ty-gia-pho-bien-tc\/#Luu_y_quan_trong-3\" title=\"L\u01b0u \u00fd quan tr\u1ecdng\">L\u01b0u \u00fd quan tr\u1ecdng<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/infina.vn\/blog\/5-ky-thuat-phong-ngua-rui-ro-ty-gia-pho-bien-tc\/#Chien_luoc_thuc_hien-2\" title=\"Chi\u1ebfn l\u01b0\u1ee3c th\u1ef1c hi\u1ec7n\">Chi\u1ebfn l\u01b0\u1ee3c th\u1ef1c hi\u1ec7n<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/infina.vn\/blog\/5-ky-thuat-phong-ngua-rui-ro-ty-gia-pho-bien-tc\/#5_Phong_Ngua_Tu_Nhien_Natural_Hedging\" title=\"5. Ph\u00f2ng Ng\u1eeba T\u1ef1 Nhi\u00ean (Natural Hedging)\">5. Ph\u00f2ng Ng\u1eeba T\u1ef1 Nhi\u00ean (Natural Hedging)<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/infina.vn\/blog\/5-ky-thuat-phong-ngua-rui-ro-ty-gia-pho-bien-tc\/#Cac_hinh_thuc_phong_ngua_tu_nhien\" title=\"C\u00e1c h\u00ecnh th\u1ee9c ph\u00f2ng ng\u1eeba t\u1ef1 nhi\u00ean\">C\u00e1c h\u00ecnh th\u1ee9c ph\u00f2ng ng\u1eeba t\u1ef1 nhi\u00ean<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/infina.vn\/blog\/5-ky-thuat-phong-ngua-rui-ro-ty-gia-pho-bien-tc\/#Diem_manh_cua_phuong_phap\" title=\"\u0110i\u1ec3m m\u1ea1nh c\u1ee7a ph\u01b0\u01a1ng ph\u00e1p\">\u0110i\u1ec3m m\u1ea1nh c\u1ee7a ph\u01b0\u01a1ng ph\u00e1p<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/infina.vn\/blog\/5-ky-thuat-phong-ngua-rui-ro-ty-gia-pho-bien-tc\/#Mot_so_han_che\" title=\"M\u1ed9t s\u1ed1 h\u1ea1n ch\u1ebf\">M\u1ed9t s\u1ed1 h\u1ea1n ch\u1ebf<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/infina.vn\/blog\/5-ky-thuat-phong-ngua-rui-ro-ty-gia-pho-bien-tc\/#Vi_du_dien_hinh\" title=\"V\u00ed d\u1ee5 \u0111i\u1ec3n h\u00ecnh\">V\u00ed d\u1ee5 \u0111i\u1ec3n h\u00ecnh<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/infina.vn\/blog\/5-ky-thuat-phong-ngua-rui-ro-ty-gia-pho-bien-tc\/#Loi_khuyen_cho_doanh_nghiep\" title=\"L\u1eddi khuy\u00ean cho doanh nghi\u1ec7p\">L\u1eddi khuy\u00ean cho doanh nghi\u1ec7p<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/infina.vn\/blog\/5-ky-thuat-phong-ngua-rui-ro-ty-gia-pho-bien-tc\/#Bang_So_Sanh_Cac_Phuong_Phap\" title=\"B\u1ea3ng So S\u00e1nh C\u00e1c Ph\u01b0\u01a1ng Ph\u00e1p\">B\u1ea3ng So S\u00e1nh C\u00e1c Ph\u01b0\u01a1ng Ph\u00e1p<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-29\" href=\"https:\/\/infina.vn\/blog\/5-ky-thuat-phong-ngua-rui-ro-ty-gia-pho-bien-tc\/#Phan_Tich_Hieu_Qua_Chi_Phi\" title=\"Ph\u00e2n T\u00edch Hi\u1ec7u Qu\u1ea3 Chi Ph\u00ed\">Ph\u00e2n T\u00edch Hi\u1ec7u Qu\u1ea3 Chi Ph\u00ed<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-30\" href=\"https:\/\/infina.vn\/blog\/5-ky-thuat-phong-ngua-rui-ro-ty-gia-pho-bien-tc\/#Cac_Yeu_To_Can_Nhac_Chinh\" title=\"C\u00e1c Y\u1ebfu T\u1ed1 C\u00e2n Nh\u1eafc Ch\u00ednh\">C\u00e1c Y\u1ebfu T\u1ed1 C\u00e2n Nh\u1eafc Ch\u00ednh<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-31\" href=\"https:\/\/infina.vn\/blog\/5-ky-thuat-phong-ngua-rui-ro-ty-gia-pho-bien-tc\/#Diem_Chinh_va_Cac_Buoc_Tiep_Theo\" title=\"\u0110i\u1ec3m Ch\u00ednh v\u00e0 C\u00e1c B\u01b0\u1edbc Ti\u1ebfp Theo\">\u0110i\u1ec3m Ch\u00ednh v\u00e0 C\u00e1c B\u01b0\u1edbc Ti\u1ebfp Theo<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-32\" href=\"https:\/\/infina.vn\/blog\/5-ky-thuat-phong-ngua-rui-ro-ty-gia-pho-bien-tc\/#Chuan_Bi_Chien_Luoc\" title=\"Chu\u1ea9n B\u1ecb Chi\u1ebfn L\u01b0\u1ee3c\">Chu\u1ea9n B\u1ecb Chi\u1ebfn L\u01b0\u1ee3c<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-33\" href=\"https:\/\/infina.vn\/blog\/5-ky-thuat-phong-ngua-rui-ro-ty-gia-pho-bien-tc\/#Tu_Van_Chuyen_Gia\" title=\"T\u01b0 V\u1ea5n Chuy\u00ean Gia\">T\u01b0 V\u1ea5n Chuy\u00ean Gia<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-34\" href=\"https:\/\/infina.vn\/blog\/5-ky-thuat-phong-ngua-rui-ro-ty-gia-pho-bien-tc\/#Nguyen_Tac_Thuc_Hien\" title=\"Nguy\u00ean T\u1eafc Th\u1ef1c Hi\u1ec7n\">Nguy\u00ean T\u1eafc Th\u1ef1c Hi\u1ec7n<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-35\" href=\"https:\/\/infina.vn\/blog\/5-ky-thuat-phong-ngua-rui-ro-ty-gia-pho-bien-tc\/#Cau_Hoi_Thuong_Gap\" title=\"C\u00e2u H\u1ecfi Th\u01b0\u1eddng G\u1eb7p\">C\u00e2u H\u1ecfi Th\u01b0\u1eddng G\u1eb7p<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-36\" href=\"https:\/\/infina.vn\/blog\/5-ky-thuat-phong-ngua-rui-ro-ty-gia-pho-bien-tc\/#Ba_phuong_phap_chung_de_phong_ngua_rui_ro_ty_gia_la_gi\" title=\"Ba ph\u01b0\u01a1ng ph\u00e1p chung \u0111\u1ec3 ph\u00f2ng ng\u1eeba r\u1ee7i ro t\u1ef7 gi\u00e1 l\u00e0 g\u00ec?\">Ba ph\u01b0\u01a1ng ph\u00e1p chung \u0111\u1ec3 ph\u00f2ng ng\u1eeba r\u1ee7i ro t\u1ef7 gi\u00e1 l\u00e0 g\u00ec?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"So_Sanh_Nhanh\"><\/span>So S\u00e1nh Nhanh<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table>\n<colgroup>\n<col \/>\n<col \/>\n<col \/>\n<col \/><\/colgroup>\n<tbody>\n<tr>\n<th colspan=\"1\" rowspan=\"1\">Ph\u01b0\u01a1ng Ph\u00e1p<\/th>\n<th colspan=\"1\" rowspan=\"1\">\u01afu \u0110i\u1ec3m<\/th>\n<th colspan=\"1\" rowspan=\"1\">Nh\u01b0\u1ee3c \u0110i\u1ec3m<\/th>\n<th colspan=\"1\" rowspan=\"1\">Ph\u00f9 H\u1ee3p V\u1edbi<\/th>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">H\u1ee3p \u0110\u1ed3ng K\u1ef3 H\u1ea1n<\/td>\n<td colspan=\"1\" rowspan=\"1\">Chi ph\u00ed th\u1ea5p, kh\u00f3a t\u1ef7 gi\u00e1 c\u1ed1 \u0111\u1ecbnh<\/td>\n<td colspan=\"1\" rowspan=\"1\">Thi\u1ebfu linh ho\u1ea1t<\/td>\n<td colspan=\"1\" rowspan=\"1\">Doanh nghi\u1ec7p c\u00f3 d\u00f2ng ti\u1ec1n \u1ed5n \u0111\u1ecbnh<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Quy\u1ec1n Ch\u1ecdn Ti\u1ec1n T\u1ec7<\/td>\n<td colspan=\"1\" rowspan=\"1\">Linh ho\u1ea1t, gi\u1edbi h\u1ea1n l\u1ed7<\/td>\n<td colspan=\"1\" rowspan=\"1\">Chi ph\u00ed premium cao<\/td>\n<td colspan=\"1\" rowspan=\"1\">Giao d\u1ecbch kh\u00f4ng ch\u1eafc ch\u1eafn<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Th\u1ecb Tr\u01b0\u1eddng Ti\u1ec1n T\u1ec7<\/td>\n<td colspan=\"1\" rowspan=\"1\">Qu\u1ea3n l\u00fd d\u00f2ng ti\u1ec1n linh ho\u1ea1t<\/td>\n<td colspan=\"1\" rowspan=\"1\">Y\u00eau c\u1ea7u v\u1ed1n l\u1edbn<\/td>\n<td colspan=\"1\" rowspan=\"1\">Giao d\u1ecbch c\u00f3 gi\u00e1 tr\u1ecb l\u1edbn<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Ho\u00e1n \u0110\u1ed5i Ti\u1ec1n T\u1ec7<\/td>\n<td colspan=\"1\" rowspan=\"1\">\u1ed4n \u0111\u1ecbnh d\u00e0i h\u1ea1n<\/td>\n<td colspan=\"1\" rowspan=\"1\">Chi ph\u00ed giao d\u1ecbch cao<\/td>\n<td colspan=\"1\" rowspan=\"1\">Doanh nghi\u1ec7p vay d\u00e0i h\u1ea1n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Ph\u00f2ng Ng\u1eeba T\u1ef1 Nhi\u00ean<\/td>\n<td colspan=\"1\" rowspan=\"1\">Chi ph\u00ed th\u1ea5p, d\u1ec5 \u00e1p d\u1ee5ng<\/td>\n<td colspan=\"1\" rowspan=\"1\">Kh\u00f4ng lo\u1ea1i b\u1ecf ho\u00e0n to\u00e0n r\u1ee7i ro<\/td>\n<td colspan=\"1\" rowspan=\"1\">C\u00f4ng ty xu\u1ea5t nh\u1eadp kh\u1ea9u<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>H\u00e3y ch\u1ecdn ph\u01b0\u01a1ng ph\u00e1p ph\u00f9 h\u1ee3p v\u1edbi nhu c\u1ea7u, d\u00f2ng ti\u1ec1n, v\u00e0 quy m\u00f4 doanh nghi\u1ec7p c\u1ee7a b\u1ea1n.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"1_Hop_Dong_Ky_Han_Forward_Contracts\"><\/span>1. H\u1ee3p \u0110\u1ed3ng K\u1ef3 H\u1ea1n (Forward Contracts)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>H\u1ee3p \u0111\u1ed3ng k\u1ef3 h\u1ea1n l\u00e0 th\u1ecfa thu\u1eadn gi\u1eefa hai b\u00ean v\u1ec1 vi\u1ec7c mua ho\u1eb7c b\u00e1n ngo\u1ea1i t\u1ec7 v\u1edbi t\u1ef7 gi\u00e1 c\u1ed1 \u0111\u1ecbnh v\u00e0o m\u1ed9t th\u1eddi \u0111i\u1ec3m trong t\u01b0\u01a1ng lai. Ch\u1eb3ng h\u1ea1n, m\u1ed9t nh\u00e0 nh\u1eadp kh\u1ea9u \u1edf Nh\u1eadt B\u1ea3n c\u1ea7n 1 tri\u1ec7u USD \u0111\u1ec3 thanh to\u00e1n h\u00e0ng h\u00f3a sau 6 th\u00e1ng c\u00f3 th\u1ec3 k\u00fd h\u1ee3p \u0111\u1ed3ng k\u1ef3 h\u1ea1n ngay h\u00f4m nay \u0111\u1ec3 \u0111\u1ea3m b\u1ea3o t\u1ef7 gi\u00e1 kh\u00f4ng thay \u0111\u1ed5i.<\/p>\n<table>\n<colgroup>\n<col \/>\n<col \/><\/colgroup>\n<tbody>\n<tr>\n<th colspan=\"1\" rowspan=\"1\"><strong>\u01afu \u0111i\u1ec3m<\/strong><\/th>\n<th colspan=\"1\" rowspan=\"1\"><strong>Nh\u01b0\u1ee3c \u0111i\u1ec3m<\/strong><\/th>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Gi\u00fap c\u1ed1 \u0111\u1ecbnh t\u1ef7 gi\u00e1 m\u00e0 kh\u00f4ng c\u1ea7n tr\u1ea3 ph\u00ed ban \u0111\u1ea7u<\/td>\n<td colspan=\"1\" rowspan=\"1\">Thi\u1ebfu t\u00ednh linh ho\u1ea1t, \u0111\u00f2i h\u1ecfi cam k\u1ebft ch\u1eb7t ch\u1ebd<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Chi ph\u00ed th\u1ea5p h\u01a1n so v\u1edbi nhi\u1ec1u c\u00f4ng c\u1ee5 t\u00e0i ch\u00ednh kh\u00e1c<\/td>\n<td colspan=\"1\" rowspan=\"1\">R\u1ee7i ro n\u1ebfu \u0111\u1ed1i t\u00e1c kh\u00f4ng th\u1ef1c hi\u1ec7n h\u1ee3p \u0111\u1ed3ng<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\"><\/td>\n<td colspan=\"1\" rowspan=\"1\">M\u1ea5t c\u01a1 h\u1ed9i t\u1eadn d\u1ee5ng l\u1ee3i \u00edch t\u1eeb bi\u1ebfn \u0111\u1ed9ng t\u1ef7 gi\u00e1 thu\u1eadn l\u1ee3i<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"Khi_nao_nen_dung\"><\/span>Khi n\u00e0o n\u00ean d\u00f9ng?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Khi doanh nghi\u1ec7p c\u00f3 d\u00f2ng ti\u1ec1n ngo\u1ea1i t\u1ec7 d\u1ef1 ki\u1ebfn kh\u00e1 ch\u1eafc ch\u1eafn trong t\u01b0\u01a1ng lai.<\/li>\n<li>Khi c\u1ea7n \u0111\u1ea3m b\u1ea3o chi ph\u00ed ho\u1eb7c doanh thu quy \u0111\u1ed5i sang n\u1ed9i t\u1ec7 \u1edf m\u1ee9c \u1ed5n \u0111\u1ecbnh.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Mot_so_dieu_can_luu_y\"><\/span>M\u1ed9t s\u1ed1 \u0111i\u1ec1u c\u1ea7n l\u01b0u \u00fd<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>C\u00e1c doanh nghi\u1ec7p nh\u1ecf v\u00e0 v\u1eeba n\u00ean xem x\u00e9t k\u1ef9 ngu\u1ed3n l\u1ef1c t\u00e0i ch\u00ednh c\u1ee7a m\u00ecnh v\u00e0 tham kh\u1ea3o \u00fd ki\u1ebfn t\u1eeb chuy\u00ean gia tr\u01b0\u1edbc khi s\u1eed d\u1ee5ng h\u1ee3p \u0111\u1ed3ng k\u1ef3 h\u1ea1n.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Quy_trinh_thuc_hien\"><\/span>Quy tr\u00ecnh th\u1ef1c hi\u1ec7n<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ol>\n<li>\u0110\u00e1nh gi\u00e1 r\u1ee7i ro t\u1ef7 gi\u00e1 v\u00e0 ch\u1ecdn \u0111\u1ed1i t\u00e1c \u0111\u00e1ng tin c\u1eady.<\/li>\n<li>Th\u1ecfa thu\u1eadn c\u00e1c \u0111i\u1ec1u kho\u1ea3n li\u00ean quan \u0111\u1ebfn s\u1ed1 l\u01b0\u1ee3ng, th\u1eddi h\u1ea1n v\u00e0 t\u1ef7 gi\u00e1.<\/li>\n<li>Theo d\u00f5i t\u00ecnh h\u00ecnh v\u00e0 \u0111i\u1ec1u ch\u1ec9nh chi\u1ebfn l\u01b0\u1ee3c n\u1ebfu c\u1ea7n.<\/li>\n<\/ol>\n<p>Ngo\u00e0i h\u1ee3p \u0111\u1ed3ng k\u1ef3 h\u1ea1n, quy\u1ec1n ch\u1ecdn ti\u1ec1n t\u1ec7 c\u0169ng l\u00e0 m\u1ed9t gi\u1ea3i ph\u00e1p hi\u1ec7u qu\u1ea3 \u0111\u1ec3 qu\u1ea3n l\u00fd r\u1ee7i ro t\u1ef7 gi\u00e1.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"2_Quyen_Chon_Tien_Te_Currency_Options\"><\/span>2. Quy\u1ec1n Ch\u1ecdn Ti\u1ec1n T\u1ec7 (Currency Options)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Quy\u1ec1n ch\u1ecdn ti\u1ec1n t\u1ec7 l\u00e0 m\u1ed9t c\u00f4ng c\u1ee5 t\u00e0i ch\u00ednh cho ph\u00e9p ng\u01b0\u1eddi s\u1edf h\u1eefu quy\u1ec1n \u0111\u01b0\u1ee3c mua ho\u1eb7c b\u00e1n m\u1ed9t lo\u1ea1i ti\u1ec1n t\u1ec7 theo t\u1ef7 gi\u00e1 \u0111\u00e3 \u0111\u1ecbnh tr\u01b0\u1edbc, t\u1ea1i ho\u1eb7c tr\u01b0\u1edbc m\u1ed9t th\u1eddi \u0111i\u1ec3m c\u1ee5 th\u1ec3, m\u00e0 kh\u00f4ng b\u1eaft bu\u1ed9c ph\u1ea3i th\u1ef1c hi\u1ec7n giao d\u1ecbch.<\/p>\n<table>\n<colgroup>\n<col \/>\n<col \/><\/colgroup>\n<tbody>\n<tr>\n<th colspan=\"1\" rowspan=\"1\"><strong>\u01afu \u0111i\u1ec3m<\/strong><\/th>\n<th colspan=\"1\" rowspan=\"1\"><strong>Nh\u01b0\u1ee3c \u0111i\u1ec3m<\/strong><\/th>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Cho ph\u00e9p linh ho\u1ea1t trong vi\u1ec7c th\u1ef1c hi\u1ec7n quy\u1ec1n<\/td>\n<td colspan=\"1\" rowspan=\"1\">Chi ph\u00ed ban \u0111\u1ea7u (premium) kh\u00e1 cao<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Gi\u1edbi h\u1ea1n m\u1ee9c l\u1ed7 t\u1ed1i \u0111a<\/td>\n<td colspan=\"1\" rowspan=\"1\">C\u1ea7n hi\u1ec3u bi\u1ebft s\u00e2u v\u1ec1 th\u1ecb tr\u01b0\u1eddng<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">T\u1eadn d\u1ee5ng \u0111\u01b0\u1ee3c bi\u1ebfn \u0111\u1ed9ng t\u1ef7 gi\u00e1 thu\u1eadn l\u1ee3i<\/td>\n<td colspan=\"1\" rowspan=\"1\">\u0110\u00f2i h\u1ecfi ki\u1ebfn th\u1ee9c chuy\u00ean m\u00f4n \u0111\u1ec3 \u00e1p d\u1ee5ng hi\u1ec7u qu\u1ea3<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"Khi_nao_nen_su_dung\"><\/span>Khi n\u00e0o n\u00ean s\u1eed d\u1ee5ng?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Quy\u1ec1n ch\u1ecdn ti\u1ec1n t\u1ec7 ph\u00f9 h\u1ee3p v\u1edbi c\u00e1c doanh nghi\u1ec7p c\u1ea7n s\u1ef1 linh ho\u1ea1t, mu\u1ed1n gi\u1edbi h\u1ea1n r\u1ee7i ro l\u1ed7, ho\u1eb7c t\u1eadn d\u1ee5ng bi\u1ebfn \u0111\u1ed9ng t\u1ef7 gi\u00e1 trong c\u00e1c t\u00ecnh hu\u1ed1ng nh\u01b0:<\/p>\n<ul>\n<li>D\u00f2ng ti\u1ec1n kh\u00f4ng \u1ed5n \u0111\u1ecbnh ho\u1eb7c ch\u01b0a ch\u1eafc ch\u1eafn.<\/li>\n<li>Th\u1ecb tr\u01b0\u1eddng ti\u1ec1n t\u1ec7 bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh, kh\u00f3 d\u1ef1 \u0111o\u00e1n.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Cach_thuc_hoat_dong\"><\/span>C\u00e1ch th\u1ee9c ho\u1ea1t \u0111\u1ed9ng<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>V\u00ed d\u1ee5: M\u1ed9t doanh nghi\u1ec7p d\u1ef1 ki\u1ebfn nh\u1eadn \u0111\u01b0\u1ee3c 1 tri\u1ec7u USD sau 3 th\u00e1ng. \u0110\u1ec3 \u0111\u1ea3m b\u1ea3o t\u1ef7 gi\u00e1 t\u1ed1i thi\u1ec3u, doanh nghi\u1ec7p c\u00f3 th\u1ec3 mua quy\u1ec1n ch\u1ecdn b\u00e1n USD. N\u1ebfu t\u1ef7 gi\u00e1 USD\/VND gi\u1ea3m, doanh nghi\u1ec7p c\u00f3 th\u1ec3 th\u1ef1c hi\u1ec7n quy\u1ec1n b\u00e1n theo m\u1ee9c gi\u00e1 \u0111\u00e3 th\u1ecfa thu\u1eadn. Ng\u01b0\u1ee3c l\u1ea1i, n\u1ebfu t\u1ef7 gi\u00e1 t\u0103ng, doanh nghi\u1ec7p c\u00f3 th\u1ec3 t\u1eeb b\u1ecf quy\u1ec1n ch\u1ecdn v\u00e0 b\u00e1n USD tr\u00ean th\u1ecb tr\u01b0\u1eddng \u0111\u1ec3 h\u01b0\u1edfng l\u1ee3i t\u1eeb t\u1ef7 gi\u00e1 cao h\u01a1n.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Luu_y_quan_trong\"><\/span>L\u01b0u \u00fd quan tr\u1ecdng<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>C\u1ea7n t\u00ednh to\u00e1n c\u1ea9n th\u1eadn chi ph\u00ed premium v\u00e0 tham kh\u1ea3o \u00fd ki\u1ebfn chuy\u00ean gia tr\u01b0\u1edbc khi s\u1eed d\u1ee5ng.<\/li>\n<li>\u0110\u00f2i h\u1ecfi ph\u1ea3i theo d\u00f5i s\u00e1t sao di\u1ec5n bi\u1ebfn c\u1ee7a th\u1ecb tr\u01b0\u1eddng.<\/li>\n<\/ul>\n<p>Ngo\u00e0i quy\u1ec1n ch\u1ecdn ti\u1ec1n t\u1ec7, doanh nghi\u1ec7p c\u0169ng c\u00f3 th\u1ec3 xem x\u00e9t c\u00e1c c\u00f4ng c\u1ee5 kh\u00e1c, ch\u1eb3ng h\u1ea1n nh\u01b0 c\u00e1c gi\u1ea3i ph\u00e1p ph\u00f2ng ng\u1eeba r\u1ee7i ro qua th\u1ecb tr\u01b0\u1eddng ti\u1ec1n t\u1ec7, \u0111\u1ec3 x\u00e2y d\u1ef1ng chi\u1ebfn l\u01b0\u1ee3c qu\u1ea3n l\u00fd r\u1ee7i ro hi\u1ec7u qu\u1ea3 h\u01a1n.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"3_Phong_Ngua_Rui_Ro_Qua_Thi_Truong_Tien_Te_Money_Market_Hedge\"><\/span>3. Ph\u00f2ng Ng\u1eeba R\u1ee7i Ro Qua Th\u1ecb Tr\u01b0\u1eddng Ti\u1ec1n T\u1ec7 (Money Market Hedge)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Ph\u01b0\u01a1ng ph\u00e1p n\u00e0y d\u00f9ng c\u00e1c c\u00f4ng c\u1ee5 t\u00e0i ch\u00ednh ng\u1eafn h\u1ea1n \u0111\u1ec3 gi\u1ea3m thi\u1ec3u t\u00e1c \u0111\u1ed9ng t\u1eeb bi\u1ebfn \u0111\u1ed9ng t\u1ef7 gi\u00e1.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Dac_diem_chinh\"><\/span>\u0110\u1eb7c \u0111i\u1ec3m ch\u00ednh<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table>\n<colgroup>\n<col \/>\n<col \/><\/colgroup>\n<tbody>\n<tr>\n<th colspan=\"1\" rowspan=\"1\"><strong>\u01afu \u0111i\u1ec3m<\/strong><\/th>\n<th colspan=\"1\" rowspan=\"1\"><strong>Nh\u01b0\u1ee3c \u0111i\u1ec3m<\/strong><\/th>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Gi\u00fap c\u1ed1 \u0111\u1ecbnh t\u1ef7 gi\u00e1 hi\u1ec7n t\u1ea1i<\/td>\n<td colspan=\"1\" rowspan=\"1\">Ph\u1ee5 thu\u1ed9c v\u00e0o l\u00e3i su\u1ea5t<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Qu\u1ea3n l\u00fd d\u00f2ng ti\u1ec1n linh ho\u1ea1t h\u01a1n<\/td>\n<td colspan=\"1\" rowspan=\"1\">\u0110\u00f2i h\u1ecfi qu\u1ea3n l\u00fd ch\u1eb7t ch\u1ebd<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Chi ph\u00ed th\u1ea5p h\u01a1n so v\u1edbi quy\u1ec1n ch\u1ecdn<\/td>\n<td colspan=\"1\" rowspan=\"1\">C\u1ea7n v\u1ed1n ban \u0111\u1ea7u l\u1edbn<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">D\u1ec5 th\u1ef1c hi\u1ec7n qua ng\u00e2n h\u00e0ng<\/td>\n<td colspan=\"1\" rowspan=\"1\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"Cach_thuc_hoat_dong-2\"><\/span>C\u00e1ch th\u1ee9c ho\u1ea1t \u0111\u1ed9ng<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Ph\u01b0\u01a1ng ph\u00e1p n\u00e0y g\u1ed3m hai b\u01b0\u1edbc: <strong>vay ti\u1ec1n<\/strong> b\u1eb1ng \u0111\u1ed3ng ti\u1ec1n c\u1ea7n ph\u00f2ng ng\u1eeba, sau \u0111\u00f3 <strong>chuy\u1ec3n \u0111\u1ed5i<\/strong> v\u00e0 \u0111\u1ea7u t\u01b0 v\u00e0o c\u00f4ng c\u1ee5 th\u1ecb tr\u01b0\u1eddng ti\u1ec1n t\u1ec7 b\u1eb1ng \u0111\u1ed3ng ti\u1ec1n m\u1ee5c ti\u00eau.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Khi_nao_nen_su_dung-2\"><\/span>Khi n\u00e0o n\u00ean s\u1eed d\u1ee5ng?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Ph\u01b0\u01a1ng ph\u00e1p n\u00e0y ph\u00f9 h\u1ee3p trong c\u00e1c tr\u01b0\u1eddng h\u1ee3p sau:<\/p>\n<ul>\n<li>Doanh nghi\u1ec7p c\u00f3 d\u00f2ng ti\u1ec1n ngo\u1ea1i t\u1ec7 \u1ed5n \u0111\u1ecbnh v\u00e0 c\u00f3 th\u1ec3 d\u1ef1 \u0111o\u00e1n tr\u01b0\u1edbc.<\/li>\n<li>C\u1ea7n b\u1ea3o v\u1ec7 c\u00e1c giao d\u1ecbch c\u00f3 gi\u00e1 tr\u1ecb l\u1edbn kh\u1ecfi r\u1ee7i ro t\u1ef7 gi\u00e1.<\/li>\n<li>Mu\u1ed1n tr\u00e1nh chi ph\u00ed cao t\u1eeb c\u00e1c c\u00f4ng c\u1ee5 ph\u00e1i sinh nh\u01b0 quy\u1ec1n ch\u1ecdn ti\u1ec1n t\u1ec7.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Luu_y_quan_trong-2\"><\/span>L\u01b0u \u00fd quan tr\u1ecdng<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Theo d\u00f5i s\u00e1t sao l\u00e3i su\u1ea5t v\u00e0 d\u1ef1 b\u00e1o d\u00f2ng ti\u1ec1n ch\u00ednh x\u00e1c.<\/li>\n<li>\u0110\u00e1nh gi\u00e1 chi ph\u00ed c\u01a1 h\u1ed9i khi s\u1eed d\u1ee5ng v\u1ed1n.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Chien_luoc_thuc_hien\"><\/span>Chi\u1ebfn l\u01b0\u1ee3c th\u1ef1c hi\u1ec7n<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>X\u00e1c \u0111\u1ecbnh nhu c\u1ea7u ph\u00f2ng ng\u1eeba, t\u00ednh to\u00e1n chi ph\u00ed vay v\u00e0 l\u00e3i su\u1ea5t, sau \u0111\u00f3 x\u00e2y d\u1ef1ng k\u1ebf ho\u1ea1ch qu\u1ea3n l\u00fd d\u00f2ng ti\u1ec1n ph\u00f9 h\u1ee3p v\u1edbi k\u1ef3 h\u1ea1n.<\/p>\n<p>Ngo\u00e0i th\u1ecb tr\u01b0\u1eddng ti\u1ec1n t\u1ec7, doanh nghi\u1ec7p c\u0169ng c\u00f3 th\u1ec3 c\u00e2n nh\u1eafc s\u1eed d\u1ee5ng ho\u00e1n \u0111\u1ed5i ti\u1ec1n t\u1ec7 \u0111\u1ec3 qu\u1ea3n l\u00fd r\u1ee7i ro hi\u1ec7u qu\u1ea3 h\u01a1n.<\/p>\n<div class=\"infina-box\">\n<p style=\"color: black;\"><strong>Gi\u00fap ti\u1ec1n c\u1ee7a b\u1ea1n sinh l\u1eddi hi\u1ec7u qu\u1ea3!<\/strong><\/p>\n<p class=\"my-3\">T\u00e0i kho\u1ea3n sinh l\u1eddi <a href=\"https:\/\/infina.vn\" data-internallinksmanager029f6b8e52c=\"2\" title=\"Infina\" target=\"_blank\" rel=\"noopener\">Infina<\/a> l\u00e0 s\u1ef1 l\u1ef1a ch\u1ecdn l\u00fd t\u01b0\u1edfng cho t\u1ea5t c\u1ea3 m\u1ecdi ng\u01b0\u1eddi, nh\u1eefng ai mu\u1ed1n t\u1ed1i \u01b0u h\u00f3a t\u00e0i ch\u00ednh c\u00e1 nh\u00e2n v\u00e0 sinh l\u1eddi tr\u00ean d\u00f2ng ti\u1ec1n c\u1ee7a m\u00ecnh:<\/p>\n<p class=\"my-3\">Sinh l\u1eddi tr\u00ean qu\u1ef9 d\u1ef1 ph\u00f2ng<\/p>\n<p class=\"my-3\">Sinh l\u1eddi tr\u00ean ti\u1ec1n l\u01b0\u01a1ng<\/p>\n<p class=\"my-3\">Sinh l\u1eddi tr\u00ean doanh thu c\u1eeda h\u00e0ng<\/p>\n<p class=\"my-3\">Sinh l\u1eddi tr\u00ean ti\u1ec1n ch\u1edd t\u00e1i \u0111\u1ea7u t\u01b0<\/p>\n<p class=\"my-3\">V\u1edbi m\u1ed9t t\u00e0i kho\u1ea3n duy nh\u1ea5t, b\u1ea1n c\u00f3 th\u1ec3 d\u1ec5 d\u00e0ng qu\u1ea3n l\u00fd t\u00e0i ch\u00ednh v\u00e0 sinh l\u1eddi m\u1ed7i ng\u00e0y t\u1eeb s\u1ed1 ti\u1ec1n nh\u00e0n r\u1ed7i m\u1ed9t c\u00e1ch hi\u1ec7u qu\u1ea3 v\u00e0 an to\u00e0n.<\/p>\n<p>T\u00c0I KHO\u1ea2N SINH L\u1edcI: T\u01b0\u01a1ng t\u1ef1 g\u1eedi ti\u1ebft ki\u1ec7m ng\u00e2n h\u00e0ng nh\u01b0ng l\u1ee3i nhu\u1eadn \u01b0u \u0111\u00e3i v\u01b0\u1ee3t tr\u1ed9i<\/p>\n<p class=\"my-3\">Sinh l\u1eddi linh ho\u1ea1t v\u1edbi l\u1ee3i nhu\u1eadn 4.9%\/n\u0103m, cao h\u01a1n g\u1eedi ti\u1ebft ki\u1ec7m kh\u00f4ng k\u1ef3 h\u1ea1n th\u00f4ng th\u01b0\u1eddng ch\u1ec9 c\u00f3 0.1%-0.5%\/n\u0103m. N\u1ea1p v\u00e0 r\u00fat ti\u1ec1n nhanh ch\u00f3ng trong v\u00f2ng 30 gi\u00e2y, nh\u1eadn l\u00e3i h\u00e0ng ng\u00e0y v\u00e0 r\u00fat v\u1ed1n b\u1ea5t k\u1ef3 l\u00fac n\u00e0o m\u00e0 kh\u00f4ng b\u1ecb m\u1ea5t l\u1ee3i nhu\u1eadn.<\/p>\n<p class=\"my-3\">Sinh l\u1eddi c\u00f3 k\u1ef3 h\u1ea1n:<\/p>\n<p class=\"my-3\">\u0110\u1ec3 t\u1ed1i \u0111a h\u00f3a l\u1ee3i nhu\u1eadn, Infina cung c\u1ea5p c\u00e1c g\u00f3i c\u00f3 k\u1ef3 h\u1ea1n t\u1eeb 1 &#8211; 12 th\u00e1ng v\u1edbi l\u1ee3i nhu\u1eadn h\u1ea5p d\u1eabn l\u00ean \u0111\u1ebfn 5.7%\/n\u0103m.<\/p>\n<p><a class=\"infina-button\" href=\"https:\/\/infina.vn\/\">Tr\u1ea3i nghi\u1ec7m sinh l\u1eddi mi\u1ec5n ph\u00ed<\/a><\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"4_Hoan_Doi_Tien_Te_Currency_Swaps\"><\/span>4. Ho\u00e1n \u0110\u1ed5i Ti\u1ec1n T\u1ec7 (Currency Swaps)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Ho\u00e1n \u0111\u1ed5i ti\u1ec1n t\u1ec7 l\u00e0 m\u1ed9t c\u00f4ng c\u1ee5 quen thu\u1ed9c \u0111\u1ec3 qu\u1ea3n l\u00fd r\u1ee7i ro t\u1ef7 gi\u00e1 d\u00e0i h\u1ea1n, \u0111\u1eb7c bi\u1ec7t khi so s\u00e1nh v\u1edbi c\u00e1c ph\u01b0\u01a1ng ph\u00e1p ng\u1eafn h\u1ea1n nh\u01b0 h\u1ee3p \u0111\u1ed3ng k\u1ef3 h\u1ea1n. \u0110\u00e2y \u0111\u01b0\u1ee3c xem l\u00e0 m\u1ed9t gi\u1ea3i ph\u00e1p h\u1eefu \u00edch cho doanh nghi\u1ec7p mu\u1ed1n ki\u1ec3m so\u00e1t r\u1ee7i ro t\u1ef7 gi\u00e1 trong th\u1eddi gian d\u00e0i.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Co_che_hoat_dong\"><\/span>C\u01a1 ch\u1ebf ho\u1ea1t \u0111\u1ed9ng<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Quy tr\u00ecnh ho\u00e1n \u0111\u1ed5i ti\u1ec1n t\u1ec7 bao g\u1ed3m ba giai \u0111o\u1ea1n ch\u00ednh: trao \u0111\u1ed5i g\u1ed1c ban \u0111\u1ea7u, thanh to\u00e1n l\u00e3i su\u1ea5t \u0111\u1ecbnh k\u1ef3, v\u00e0 ho\u00e0n tr\u1ea3 g\u1ed1c v\u00e0o cu\u1ed1i k\u1ef3.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Dac_diem_va_ung_dung\"><\/span>\u0110\u1eb7c \u0111i\u1ec3m v\u00e0 \u1ee9ng d\u1ee5ng<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table>\n<colgroup>\n<col \/>\n<col \/><\/colgroup>\n<tbody>\n<tr>\n<th colspan=\"1\" rowspan=\"1\"><strong>L\u1ee3i \u00edch<\/strong><\/th>\n<th colspan=\"1\" rowspan=\"1\"><strong>H\u1ea1n ch\u1ebf<\/strong><\/th>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Gi\u1eef \u1ed5n \u0111\u1ecbnh t\u1ef7 gi\u00e1 trong d\u00e0i h\u1ea1n, \u0111\u00e1p \u1ee9ng nhi\u1ec1u m\u1ee5c ti\u00eau t\u00e0i ch\u00ednh<\/td>\n<td colspan=\"1\" rowspan=\"1\">C\u1ea7n v\u1ed1n \u0111\u1ea7u t\u01b0 ban \u0111\u1ea7u l\u1edbn<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">C\u00f3 th\u1ec3 k\u1ebft h\u1ee3p v\u1edbi c\u00e1c c\u00f4ng c\u1ee5 t\u00e0i ch\u00ednh kh\u00e1c<\/td>\n<td colspan=\"1\" rowspan=\"1\">Qu\u1ea3n l\u00fd kh\u00e1 ph\u1ee9c t\u1ea1p<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\"><\/td>\n<td colspan=\"1\" rowspan=\"1\">Ph\u1ee5 thu\u1ed9c v\u00e0o uy t\u00edn \u0111\u1ed1i t\u00e1c<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"Khi_nao_nen_su_dung-3\"><\/span>Khi n\u00e0o n\u00ean s\u1eed d\u1ee5ng?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Ho\u00e1n \u0111\u1ed5i ti\u1ec1n t\u1ec7 th\u01b0\u1eddng \u0111\u01b0\u1ee3c \u00e1p d\u1ee5ng trong c\u00e1c t\u00ecnh hu\u1ed1ng sau:<\/p>\n<ul>\n<li>Doanh nghi\u1ec7p c\u1ea7n b\u1ea3o v\u1ec7 kh\u1ecfi r\u1ee7i ro t\u1ef7 gi\u00e1 trong d\u00e0i h\u1ea1n.<\/li>\n<li>C\u00f3 c\u00e1c kho\u1ea3n vay ho\u1eb7c \u0111\u1ea7u t\u01b0 l\u1edbn b\u1eb1ng ngo\u1ea1i t\u1ec7.<\/li>\n<li>Mu\u1ed1n t\u1ed1i \u01b0u h\u00f3a chi ph\u00ed vay v\u00e0 qu\u1ea3n l\u00fd d\u00f2ng ti\u1ec1n hi\u1ec7u qu\u1ea3 h\u01a1n.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Luu_y_quan_trong-3\"><\/span>L\u01b0u \u00fd quan tr\u1ecdng<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Tr\u01b0\u1edbc khi s\u1eed d\u1ee5ng ho\u00e1n \u0111\u1ed5i ti\u1ec1n t\u1ec7, doanh nghi\u1ec7p c\u1ea7n:<\/p>\n<ul>\n<li>\u0110\u00e1nh gi\u00e1 k\u1ef9 l\u01b0\u1ee1ng \u0111\u1ed1i t\u00e1c tham gia.<\/li>\n<li>T\u00ednh to\u00e1n chi ph\u00ed giao d\u1ecbch m\u1ed9t c\u00e1ch c\u1ea9n th\u1eadn.<\/li>\n<li>\u0110\u1ea3m b\u1ea3o tu\u00e2n th\u1ee7 c\u00e1c quy \u0111\u1ecbnh ph\u00e1p l\u00fd.<\/li>\n<li>Chu\u1ea9n b\u1ecb k\u1ebf ho\u1ea1ch d\u1ef1 ph\u00f2ng \u0111\u1ec3 qu\u1ea3n l\u00fd r\u1ee7i ro.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Chien_luoc_thuc_hien-2\"><\/span>Chi\u1ebfn l\u01b0\u1ee3c th\u1ef1c hi\u1ec7n<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u0110\u1ec3 th\u1ef1c hi\u1ec7n ho\u00e1n \u0111\u1ed5i ti\u1ec1n t\u1ec7 hi\u1ec7u qu\u1ea3, doanh nghi\u1ec7p n\u00ean:<\/p>\n<ul>\n<li>Ph\u00e2n t\u00edch nhu c\u1ea7u c\u1ee5 th\u1ec3.<\/li>\n<li>Tham kh\u1ea3o \u00fd ki\u1ebfn t\u1eeb c\u00e1c chuy\u00ean gia t\u00e0i ch\u00ednh.<\/li>\n<li>X\u00e2y d\u1ef1ng k\u1ebf ho\u1ea1ch qu\u1ea3n l\u00fd d\u00f2ng ti\u1ec1n r\u00f5 r\u00e0ng.<\/li>\n<li>Theo d\u00f5i v\u00e0 \u0111\u00e1nh gi\u00e1 hi\u1ec7u qu\u1ea3 th\u01b0\u1eddng xuy\u00ean.<\/li>\n<\/ul>\n<p>Ngo\u00e0i ra, c\u00e1c doanh nghi\u1ec7p c\u00f3 th\u1ec3 c\u00e2n nh\u1eafc s\u1eed d\u1ee5ng c\u00e1c k\u1ef9 thu\u1eadt ph\u00f2ng ng\u1eeba t\u1ef1 nhi\u00ean \u0111\u1ec3 gi\u1ea3m thi\u1ec3u r\u1ee7i ro t\u1ef7 gi\u00e1 m\u00e0 kh\u00f4ng c\u1ea7n ph\u1ee5 thu\u1ed9c ho\u00e0n to\u00e0n v\u00e0o c\u00e1c c\u00f4ng c\u1ee5 t\u00e0i ch\u00ednh.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"5_Phong_Ngua_Tu_Nhien_Natural_Hedging\"><\/span>5. Ph\u00f2ng Ng\u1eeba T\u1ef1 Nhi\u00ean (Natural Hedging)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Thay v\u00ec ch\u1ec9 d\u1ef1a v\u00e0o c\u00e1c c\u00f4ng c\u1ee5 t\u00e0i ch\u00ednh, doanh nghi\u1ec7p c\u00f3 th\u1ec3 s\u1eed d\u1ee5ng ph\u00f2ng ng\u1eeba t\u1ef1 nhi\u00ean \u0111\u1ec3 gi\u1ea3m r\u1ee7i ro t\u1ef7 gi\u00e1 m\u1ed9t c\u00e1ch hi\u1ec7u qu\u1ea3 v\u00e0 d\u1ec5 d\u00e0ng.<\/p>\n<p>Ph\u00f2ng ng\u1eeba t\u1ef1 nhi\u00ean gi\u00fap qu\u1ea3n l\u00fd r\u1ee7i ro t\u1ef7 gi\u00e1 th\u00f4ng qua vi\u1ec7c \u0111i\u1ec1u ch\u1ec9nh ho\u1ea1t \u0111\u1ed9ng kinh doanh, m\u00e0 kh\u00f4ng c\u1ea7n \u0111\u1ebfn c\u00e1c c\u00f4ng c\u1ee5 t\u00e0i ch\u00ednh ph\u1ee9c t\u1ea1p. \u0110\u00e2y l\u00e0 m\u1ed9t c\u00e1ch l\u00e0m ti\u1ebft ki\u1ec7m chi ph\u00ed v\u00e0 ph\u00f9 h\u1ee3p v\u1edbi nhi\u1ec1u lo\u1ea1i h\u00ecnh doanh nghi\u1ec7p.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Cac_hinh_thuc_phong_ngua_tu_nhien\"><\/span>C\u00e1c h\u00ecnh th\u1ee9c ph\u00f2ng ng\u1eeba t\u1ef1 nhi\u00ean<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table>\n<colgroup>\n<col \/>\n<col \/><\/colgroup>\n<tbody>\n<tr>\n<th colspan=\"1\" rowspan=\"1\">H\u00ecnh th\u1ee9c<\/th>\n<th colspan=\"1\" rowspan=\"1\">Ph\u01b0\u01a1ng ph\u00e1p th\u1ef1c hi\u1ec7n<\/th>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">C\u00e2n \u0111\u1ed1i d\u00f2ng ti\u1ec1n<\/td>\n<td colspan=\"1\" rowspan=\"1\">\u0110\u1ea3m b\u1ea3o thu v\u00e0 chi \u0111\u1ec1u s\u1eed d\u1ee5ng c\u00f9ng m\u1ed9t lo\u1ea1i ngo\u1ea1i t\u1ec7<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">\u0110a d\u1ea1ng h\u00f3a<\/td>\n<td colspan=\"1\" rowspan=\"1\">Ph\u00e2n t\u00e1n ho\u1ea1t \u0111\u1ed9ng kinh doanh tr\u00ean nhi\u1ec1u th\u1ecb tr\u01b0\u1eddng kh\u00e1c nhau<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">\u0110i\u1ec1u ch\u1ec9nh th\u1eddi gian<\/td>\n<td colspan=\"1\" rowspan=\"1\">Thay \u0111\u1ed5i th\u1eddi \u0111i\u1ec3m thu ho\u1eb7c chi ngo\u1ea1i t\u1ec7 sao cho h\u1ee3p l\u00fd<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"Diem_manh_cua_phuong_phap\"><\/span>\u0110i\u1ec3m m\u1ea1nh c\u1ee7a ph\u01b0\u01a1ng ph\u00e1p<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>Chi ph\u00ed th\u1ea5p<\/strong>: Kh\u00f4ng c\u1ea7n d\u00f9ng \u0111\u1ebfn c\u00e1c c\u00f4ng c\u1ee5 t\u00e0i ch\u00ednh ph\u00e1i sinh.<\/li>\n<li><strong>\u0110\u01a1n gi\u1ea3n<\/strong>: D\u1ec5 d\u00e0ng qu\u1ea3n l\u00fd v\u00e0 \u00e1p d\u1ee5ng v\u00e0o ho\u1ea1t \u0111\u1ed9ng kinh doanh.<\/li>\n<li><strong>Th\u1ef1c t\u1ebf<\/strong>: Ph\u00f9 h\u1ee3p v\u1edbi c\u00e1ch v\u1eadn h\u00e0nh c\u1ee7a nhi\u1ec1u doanh nghi\u1ec7p.<\/li>\n<li><strong>T\u1ef1 nhi\u00ean<\/strong>: Gi\u1ea3m r\u1ee7i ro m\u00e0 kh\u00f4ng c\u1ea7n can thi\u1ec7p ph\u1ee9c t\u1ea1p.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Mot_so_han_che\"><\/span>M\u1ed9t s\u1ed1 h\u1ea1n ch\u1ebf<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Tuy nhi\u00ean, ph\u01b0\u01a1ng ph\u00e1p n\u00e0y kh\u00f4ng th\u1ec3 \u0111\u1ea3m b\u1ea3o lo\u1ea1i b\u1ecf ho\u00e0n to\u00e0n r\u1ee7i ro. N\u00f3 \u0111\u00f2i h\u1ecfi doanh nghi\u1ec7p ph\u1ea3i \u0111i\u1ec1u ch\u1ec9nh c\u1ea5u tr\u00fac ho\u1ea1t \u0111\u1ed9ng v\u00e0 c\u1ea7n th\u1eddi gian \u0111\u1ec3 c\u00e1c thay \u0111\u1ed5i n\u00e0y ph\u00e1t huy hi\u1ec7u qu\u1ea3.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Vi_du_dien_hinh\"><\/span>V\u00ed d\u1ee5 \u0111i\u1ec3n h\u00ecnh<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Toyota l\u00e0 m\u1ed9t minh ch\u1ee9ng r\u00f5 r\u00e0ng. H\u00e3ng \u0111\u00e3 thi\u1ebft l\u1eadp c\u00e1c c\u01a1 s\u1edf s\u1ea3n xu\u1ea5t t\u1ea1i nhi\u1ec1u qu\u1ed1c gia kh\u00e1c nhau, t\u1eeb \u0111\u00f3 gi\u1ea3m thi\u1ec3u r\u1ee7i ro t\u1ef7 gi\u00e1 m\u1ed9t c\u00e1ch hi\u1ec7u qu\u1ea3.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Loi_khuyen_cho_doanh_nghiep\"><\/span>L\u1eddi khuy\u00ean cho doanh nghi\u1ec7p<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Ph\u01b0\u01a1ng ph\u00e1p n\u00e0y \u0111\u1eb7c bi\u1ec7t ph\u00f9 h\u1ee3p v\u1edbi c\u00e1c doanh nghi\u1ec7p xu\u1ea5t nh\u1eadp kh\u1ea9u, c\u00f3 chi nh\u00e1nh qu\u1ed1c t\u1ebf, ho\u1eb7c mu\u1ed1n gi\u1ea3m thi\u1ec3u chi ph\u00ed ph\u00f2ng ng\u1eeba.<\/p>\n<p>D\u00f9 ph\u00f2ng ng\u1eeba t\u1ef1 nhi\u00ean mang l\u1ea1i nhi\u1ec1u l\u1ee3i \u00edch, \u0111\u00e2y ch\u1ec9 l\u00e0 m\u1ed9t trong s\u1ed1 nhi\u1ec1u l\u1ef1a ch\u1ecdn m\u00e0 doanh nghi\u1ec7p c\u00f3 th\u1ec3 xem x\u00e9t. Vi\u1ec7c k\u1ebft h\u1ee3p c\u00e1c ph\u01b0\u01a1ng ph\u00e1p kh\u00e1c nhau c\u00f3 th\u1ec3 \u0111em l\u1ea1i hi\u1ec7u qu\u1ea3 cao h\u01a1n.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bang_So_Sanh_Cac_Phuong_Phap\"><\/span>B\u1ea3ng So S\u00e1nh C\u00e1c Ph\u01b0\u01a1ng Ph\u00e1p<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>D\u01b0\u1edbi \u0111\u00e2y l\u00e0 b\u1ea3ng ph\u00e2n t\u00edch chi ti\u1ebft n\u0103m ph\u01b0\u01a1ng ph\u00e1p ph\u00f2ng ng\u1eeba r\u1ee7i ro t\u1ef7 gi\u00e1, gi\u00fap doanh nghi\u1ec7p l\u1ef1a ch\u1ecdn gi\u1ea3i ph\u00e1p ph\u00f9 h\u1ee3p:<\/p>\n<table>\n<colgroup>\n<col \/>\n<col \/>\n<col \/>\n<col \/>\n<col \/><\/colgroup>\n<tbody>\n<tr>\n<th colspan=\"1\" rowspan=\"1\">Ph\u01b0\u01a1ng Ph\u00e1p<\/th>\n<th colspan=\"1\" rowspan=\"1\">\u0110\u1eb7c \u0110i\u1ec3m Ch\u00ednh<\/th>\n<th colspan=\"1\" rowspan=\"1\">\u01afu \u0110i\u1ec3m<\/th>\n<th colspan=\"1\" rowspan=\"1\">Nh\u01b0\u1ee3c \u0110i\u1ec3m<\/th>\n<th colspan=\"1\" rowspan=\"1\">Ph\u00f9 H\u1ee3p V\u1edbi<\/th>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">H\u1ee3p \u0110\u1ed3ng K\u1ef3 H\u1ea1n (Forward)<\/td>\n<td colspan=\"1\" rowspan=\"1\">Kh\u00f3a t\u1ef7 gi\u00e1 c\u1ed1 \u0111\u1ecbnh cho giao d\u1ecbch t\u01b0\u01a1ng lai<\/td>\n<td colspan=\"1\" rowspan=\"1\">\u2022 \u0110\u1ea3m b\u1ea3o chi ph\u00ed<br \/>\n\u2022 H\u1ed7 tr\u1ee3 l\u1eadp k\u1ebf ho\u1ea1ch t\u00e0i ch\u00ednh<\/td>\n<td colspan=\"1\" rowspan=\"1\">\u2022 Thi\u1ebfu s\u1ef1 linh ho\u1ea1t<br \/>\n\u2022 Kh\u00f4ng t\u1eadn d\u1ee5ng \u0111\u01b0\u1ee3c l\u1ee3i th\u1ebf khi t\u1ef7 gi\u00e1 thu\u1eadn l\u1ee3i<\/td>\n<td colspan=\"1\" rowspan=\"1\">\u2022 Doanh nghi\u1ec7p c\u00f3 d\u00f2ng ti\u1ec1n \u1ed5n \u0111\u1ecbnh<br \/>\n\u2022 Giao d\u1ecbch d\u00e0i h\u1ea1n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Quy\u1ec1n Ch\u1ecdn (Options)<\/td>\n<td colspan=\"1\" rowspan=\"1\">Quy\u1ec1n mua\/b\u00e1n ngo\u1ea1i t\u1ec7 \u1edf m\u1ee9c gi\u00e1 \u0111\u1ecbnh tr\u01b0\u1edbc<\/td>\n<td colspan=\"1\" rowspan=\"1\">\u2022 Linh ho\u1ea1t<br \/>\n\u2022 C\u00f3 th\u1ec3 h\u01b0\u1edfng l\u1ee3i khi t\u1ef7 gi\u00e1 thay \u0111\u1ed5i theo h\u01b0\u1edbng c\u00f3 l\u1ee3i<\/td>\n<td colspan=\"1\" rowspan=\"1\">\u2022 Chi ph\u00ed premium cao<br \/>\n\u2022 Qu\u1ea3n l\u00fd ph\u1ee9c t\u1ea1p<\/td>\n<td colspan=\"1\" rowspan=\"1\">\u2022 Doanh nghi\u1ec7p c\u00f3 ngu\u1ed3n l\u1ef1c t\u00e0i ch\u00ednh m\u1ea1nh<br \/>\n\u2022 Giao d\u1ecbch kh\u00f4ng ch\u1eafc ch\u1eafn<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Th\u1ecb Tr\u01b0\u1eddng Ti\u1ec1n T\u1ec7<\/td>\n<td colspan=\"1\" rowspan=\"1\">Vay v\u00e0 \u0111\u1ea7u t\u01b0 song song hai lo\u1ea1i ti\u1ec1n t\u1ec7<\/td>\n<td colspan=\"1\" rowspan=\"1\">\u2022 Gi\u1ea3m r\u1ee7i ro t\u1ef1 nhi\u00ean<br \/>\n\u2022 Kh\u00f4ng c\u1ea7n d\u00f9ng c\u00f4ng c\u1ee5 ph\u00e1i sinh<\/td>\n<td colspan=\"1\" rowspan=\"1\">\u2022 Y\u00eau c\u1ea7u v\u1ed1n l\u1edbn<br \/>\n\u2022 Qu\u1ea3n l\u00fd ph\u1ee9c t\u1ea1p<\/td>\n<td colspan=\"1\" rowspan=\"1\">\u2022 T\u1ed5 ch\u1ee9c t\u00e0i ch\u00ednh<br \/>\n\u2022 Doanh nghi\u1ec7p l\u1edbn<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Ho\u00e1n \u0110\u1ed5i Ti\u1ec1n T\u1ec7<\/td>\n<td colspan=\"1\" rowspan=\"1\">Trao \u0111\u1ed5i d\u00f2ng ti\u1ec1n gi\u1eefa hai \u0111\u1ed1i t\u00e1c<\/td>\n<td colspan=\"1\" rowspan=\"1\">\u2022 Gi\u1ea3m chi ph\u00ed t\u00e0i ch\u00ednh<br \/>\n\u2022 Th\u00edch h\u1ee3p cho c\u00e1c giao d\u1ecbch d\u00e0i h\u1ea1n<\/td>\n<td colspan=\"1\" rowspan=\"1\">\u2022 R\u1ee7i ro \u0111\u1ed1i t\u00e1c<br \/>\n\u2022 Chi ph\u00ed giao d\u1ecbch cao<\/td>\n<td colspan=\"1\" rowspan=\"1\">\u2022 Doanh nghi\u1ec7p c\u1ea7n t\u00e0i tr\u1ee3 d\u00e0i h\u1ea1n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Ph\u00f2ng Ng\u1eeba T\u1ef1 Nhi\u00ean<\/td>\n<td colspan=\"1\" rowspan=\"1\">C\u00e2n \u0111\u1ed1i thu chi c\u00f9ng lo\u1ea1i ti\u1ec1n<\/td>\n<td colspan=\"1\" rowspan=\"1\">\u2022 Chi ph\u00ed th\u1ea5p<br \/>\n\u2022 D\u1ec5 th\u1ef1c hi\u1ec7n<\/td>\n<td colspan=\"1\" rowspan=\"1\">\u2022 Th\u1eddi gian \u0111i\u1ec1u ch\u1ec9nh l\u00e2u<br \/>\n\u2022 Kh\u00f4ng lo\u1ea1i b\u1ecf ho\u00e0n to\u00e0n r\u1ee7i ro<\/td>\n<td colspan=\"1\" rowspan=\"1\">\u2022 Doanh nghi\u1ec7p \u0111a qu\u1ed1c gia<br \/>\n\u2022 C\u00f4ng ty xu\u1ea5t nh\u1eadp kh\u1ea9u<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>D\u1ef1a v\u00e0o b\u1ea3ng n\u00e0y, doanh nghi\u1ec7p c\u00f3 th\u1ec3 so s\u00e1nh chi ph\u00ed v\u00e0 hi\u1ec7u qu\u1ea3 c\u1ee7a t\u1eebng ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ec3 \u0111\u01b0a ra l\u1ef1a ch\u1ecdn ph\u00f9 h\u1ee3p v\u1edbi nhu c\u1ea7u.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Phan_Tich_Hieu_Qua_Chi_Phi\"><\/span>Ph\u00e2n T\u00edch Hi\u1ec7u Qu\u1ea3 Chi Ph\u00ed<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Theo th\u1ed1ng k\u00ea, kho\u1ea3ng 54% c\u00f4ng ty s\u1eed d\u1ee5ng c\u00e1c ch\u01b0\u01a1ng tr\u00ecnh ph\u00f2ng ng\u1eeba r\u1ee7i ro t\u1ef7 gi\u00e1 ch\u00ednh th\u1ee9c, trong khi 23% ch\u1ecdn ph\u01b0\u01a1ng ph\u00e1p t\u1ef1 nhi\u00ean. \u0110\u00e1nh gi\u00e1 chi ph\u00ed th\u1ef1c hi\u1ec7n v\u00e0 m\u1ee9c \u0111\u1ed9 gi\u1ea3m thi\u1ec3u r\u1ee7i ro l\u00e0 \u0111i\u1ec1u c\u1ea7n thi\u1ebft \u0111\u1ec3 t\u1ed1i \u01b0u h\u00f3a t\u00e0i ch\u00ednh.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Cac_Yeu_To_Can_Nhac_Chinh\"><\/span>C\u00e1c Y\u1ebfu T\u1ed1 C\u00e2n Nh\u1eafc Ch\u00ednh<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u0110\u1ec3 \u0111\u1ea1t hi\u1ec7u qu\u1ea3 t\u1ed1i \u01b0u, doanh nghi\u1ec7p n\u00ean k\u1ebft h\u1ee3p nhi\u1ec1u ph\u01b0\u01a1ng ph\u00e1p v\u00e0 \u01b0u ti\u00ean gi\u1ea3i ph\u00e1p ph\u00f9 h\u1ee3p v\u1edbi quy m\u00f4, \u0111\u1eb7c th\u00f9 ho\u1ea1t \u0111\u1ed9ng. M\u1ed9t s\u1ed1 y\u1ebfu t\u1ed1 c\u1ea7n xem x\u00e9t g\u1ed3m:<\/p>\n<ul>\n<li>Quy m\u00f4 doanh nghi\u1ec7p<\/li>\n<li>M\u1ee9c \u0111\u1ed9 r\u1ee7i ro c\u00f3 th\u1ec3 ch\u1ea5p nh\u1eadn<\/li>\n<li>Ngu\u1ed3n l\u1ef1c t\u00e0i ch\u00ednh s\u1eb5n c\u00f3<\/li>\n<li>\u0110\u1eb7c th\u00f9 ng\u00e0nh ngh\u1ec1 (v\u00ed d\u1ee5: doanh nghi\u1ec7p xu\u1ea5t nh\u1eadp kh\u1ea9u th\u01b0\u1eddng \u01b0u ti\u00ean ph\u01b0\u01a1ng ph\u00e1p t\u1ef1 nhi\u00ean \u0111\u1ec3 gi\u1ea3m chi ph\u00ed)<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Diem_Chinh_va_Cac_Buoc_Tiep_Theo\"><\/span>\u0110i\u1ec3m Ch\u00ednh v\u00e0 C\u00e1c B\u01b0\u1edbc Ti\u1ebfp Theo<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Chuan_Bi_Chien_Luoc\"><\/span>Chu\u1ea9n B\u1ecb Chi\u1ebfn L\u01b0\u1ee3c<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Tr\u01b0\u1edbc khi ch\u1ecdn c\u00e1ch ph\u00f2ng ng\u1eeba, doanh nghi\u1ec7p c\u1ea7n x\u00e1c \u0111\u1ecbnh r\u00f5 c\u00e1c y\u1ebfu t\u1ed1: lo\u1ea1i r\u1ee7i ro, m\u1ee9c \u0111\u1ed9 b\u1ea3o v\u1ec7 mong mu\u1ed1n v\u00e0 ng\u00e2n s\u00e1ch. \u0110\u00e1nh gi\u00e1 k\u1ef9 quy m\u00f4 giao d\u1ecbch, m\u1ee9c \u0111\u1ed9 bi\u1ebfn \u0111\u1ed9ng th\u1ecb tr\u01b0\u1eddng v\u00e0 kh\u1ea3 n\u0103ng qu\u1ea3n l\u00fd n\u1ed9i b\u1ed9 s\u1ebd gi\u00fap \u0111\u01b0a ra gi\u1ea3i ph\u00e1p ph\u00f9 h\u1ee3p nh\u1ea5t.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Tu_Van_Chuyen_Gia\"><\/span>T\u01b0 V\u1ea5n Chuy\u00ean Gia<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>H\u00e3y c\u00e2n nh\u1eafc tham kh\u1ea3o \u00fd ki\u1ebfn chuy\u00ean gia trong c\u00e1c tr\u01b0\u1eddng h\u1ee3p sau:<\/p>\n<ul>\n<li>Thi\u1ebfu kinh nghi\u1ec7m qu\u1ea3n l\u00fd r\u1ee7i ro t\u1ef7 gi\u00e1.<\/li>\n<li>\u0110ang m\u1edf r\u1ed9ng sang th\u1ecb tr\u01b0\u1eddng m\u1edbi.<\/li>\n<li>C\u1ea7n x\u00e2y d\u1ef1ng m\u1ed9t chi\u1ebfn l\u01b0\u1ee3c to\u00e0n di\u1ec7n v\u00e0 hi\u1ec7u qu\u1ea3.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Nguyen_Tac_Thuc_Hien\"><\/span>Nguy\u00ean T\u1eafc Th\u1ef1c Hi\u1ec7n<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Tr\u00e1nh vi\u1ec7c ph\u00f2ng ng\u1eeba qu\u00e1 m\u1ee9c, g\u00e2y l\u00e3ng ph\u00ed ngu\u1ed3n l\u1ef1c.<\/li>\n<li>Th\u01b0\u1eddng xuy\u00ean \u0111\u00e1nh gi\u00e1 hi\u1ec7u qu\u1ea3 c\u1ee7a c\u00e1c bi\u1ec7n ph\u00e1p hi\u1ec7n t\u1ea1i.<\/li>\n<li>\u0110i\u1ec1u ch\u1ec9nh chi\u1ebfn l\u01b0\u1ee3c ph\u00f9 h\u1ee3p v\u1edbi nh\u1eefng thay \u0111\u1ed5i c\u1ee7a th\u1ecb tr\u01b0\u1eddng.<\/li>\n<li>K\u1ebft h\u1ee3p linh ho\u1ea1t nhi\u1ec1u ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ec3 t\u1ed1i \u01b0u h\u00f3a hi\u1ec7u qu\u1ea3.<\/li>\n<\/ul>\n<blockquote><p>&#8220;Qu\u1ea3n l\u00fd bi\u1ebfn \u0111\u1ed9ng t\u1ef7 gi\u00e1 kh\u00f4ng ph\u1ea3i l\u00e0 \u0111\u00e1nh b\u1ea1c. V\u1edbi chi\u1ebfn l\u01b0\u1ee3c ph\u00f2ng ng\u1eeba ph\u00f9 h\u1ee3p, doanh nghi\u1ec7p c\u00f3 th\u1ec3 b\u1ea3o v\u1ec7 m\u00ecnh kh\u1ecfi nh\u1eefng bi\u1ebfn \u0111\u1ed9ng t\u1ef7 gi\u00e1 kh\u00f4ng l\u01b0\u1eddng tr\u01b0\u1edbc trong khi v\u1eabn duy tr\u00ec d\u00f2ng ti\u1ec1n \u1ed5n \u0111\u1ecbnh v\u00e0 c\u00f3 th\u1ec3 d\u1ef1 \u0111o\u00e1n \u0111\u01b0\u1ee3c.&#8221; &#8211; MTFX<\/p><\/blockquote>\n<p>C\u00e1c c\u00f4ng c\u1ee5 nh\u01b0 h\u1ee3p \u0111\u1ed3ng k\u1ef3 h\u1ea1n hay quy\u1ec1n ch\u1ecdn c\u1ea7n \u0111\u01b0\u1ee3c l\u1ef1a ch\u1ecdn d\u1ef1a tr\u00ean t\u00ecnh h\u00ecnh th\u1ef1c t\u1ebf c\u1ee7a doanh nghi\u1ec7p. \u0110\u1ed3ng th\u1eddi, vi\u1ec7c thi\u1ebft l\u1eadp quy tr\u00ecnh gi\u00e1m s\u00e1t v\u00e0 \u0111\u00e1nh gi\u00e1 th\u01b0\u1eddng xuy\u00ean s\u1ebd gi\u00fap ph\u00e1t hi\u1ec7n s\u1edbm c\u00e1c v\u1ea5n \u0111\u1ec1 v\u00e0 k\u1ecbp th\u1eddi \u0111i\u1ec1u ch\u1ec9nh \u0111\u1ec3 \u0111\u1ea3m b\u1ea3o hi\u1ec7u qu\u1ea3.<\/p>\n<p>Nh\u1eefng b\u01b0\u1edbc tr\u00ean s\u1ebd h\u1ed7 tr\u1ee3 doanh nghi\u1ec7p x\u00e2y d\u1ef1ng m\u1ed9t chi\u1ebfn l\u01b0\u1ee3c ph\u00f2ng ng\u1eeba hi\u1ec7u qu\u1ea3. D\u01b0\u1edbi \u0111\u00e2y l\u00e0 m\u1ed9t s\u1ed1 c\u00e2u h\u1ecfi th\u01b0\u1eddng g\u1eb7p \u0111\u1ec3 gi\u1ea3i th\u00edch r\u00f5 h\u01a1n c\u00e1c kh\u00e1i ni\u1ec7m quan tr\u1ecdng.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Cau_Hoi_Thuong_Gap\"><\/span>C\u00e2u H\u1ecfi Th\u01b0\u1eddng G\u1eb7p<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Ba_phuong_phap_chung_de_phong_ngua_rui_ro_ty_gia_la_gi\"><\/span>Ba ph\u01b0\u01a1ng ph\u00e1p chung \u0111\u1ec3 ph\u00f2ng ng\u1eeba r\u1ee7i ro t\u1ef7 gi\u00e1 l\u00e0 g\u00ec?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Doanh nghi\u1ec7p c\u00f3 th\u1ec3 qu\u1ea3n l\u00fd r\u1ee7i ro t\u1ef7 gi\u00e1 b\u1eb1ng ba c\u00e1ch ph\u1ed5 bi\u1ebfn:<\/p>\n<ul>\n<li><strong>H\u1ee3p \u0111\u1ed3ng k\u1ef3 h\u1ea1n<\/strong>: \u0110\u00e2y l\u00e0 c\u00e1ch c\u1ed1 \u0111\u1ecbnh t\u1ef7 gi\u00e1 cho c\u00e1c giao d\u1ecbch trong t\u01b0\u01a1ng lai. N\u00f3 gi\u00fap doanh nghi\u1ec7p ki\u1ec3m so\u00e1t chi ph\u00ed v\u00e0 tr\u00e1nh t\u1ed5n th\u1ea5t do bi\u1ebfn \u0111\u1ed9ng t\u1ef7 gi\u00e1. Ph\u01b0\u01a1ng ph\u00e1p n\u00e0y ph\u00f9 h\u1ee3p v\u1edbi c\u00e1c giao d\u1ecbch c\u00f3 d\u00f2ng ti\u1ec1n \u1ed5n \u0111\u1ecbnh v\u00e0 d\u1ec5 d\u1ef1 \u0111o\u00e1n.<\/li>\n<li><strong>H\u1ee3p \u0111\u1ed3ng quy\u1ec1n ch\u1ecdn<\/strong>: Lo\u1ea1i h\u1ee3p \u0111\u1ed3ng n\u00e0y cho ph\u00e9p doanh nghi\u1ec7p mua ho\u1eb7c b\u00e1n ngo\u1ea1i t\u1ec7 \u1edf m\u1ee9c gi\u00e1 c\u1ed1 \u0111\u1ecbnh m\u00e0 kh\u00f4ng b\u1eaft bu\u1ed9c ph\u1ea3i th\u1ef1c hi\u1ec7n. D\u00f9 mang l\u1ea1i s\u1ef1 linh ho\u1ea1t cao, ph\u01b0\u01a1ng ph\u00e1p n\u00e0y \u0111\u00f2i h\u1ecfi chi ph\u00ed ban \u0111\u1ea7u kh\u00e1 l\u1edbn, ph\u00f9 h\u1ee3p v\u1edbi c\u00e1c giao d\u1ecbch kh\u00f4ng ch\u1eafc ch\u1eafn.<\/li>\n<li><strong>Ho\u00e1n \u0111\u1ed5i ti\u1ec1n t\u1ec7<\/strong>: \u0110\u00e2y l\u00e0 vi\u1ec7c trao \u0111\u1ed5i d\u00f2ng ti\u1ec1n gi\u1eefa hai b\u00ean \u0111\u1ec3 qu\u1ea3n l\u00fd r\u1ee7i ro t\u1ef7 gi\u00e1 trong d\u00e0i h\u1ea1n v\u00e0 t\u1ed1i \u01b0u h\u00f3a chi ph\u00ed t\u00e0i ch\u00ednh. Ph\u01b0\u01a1ng ph\u00e1p n\u00e0y \u0111\u1eb7c bi\u1ec7t h\u1eefu \u00edch cho c\u00e1c doanh nghi\u1ec7p c\u1ea7n ki\u1ec3m so\u00e1t r\u1ee7i ro t\u1ef7 gi\u00e1 trong th\u1eddi gian d\u00e0i.<\/li>\n<\/ul>\n<p>Vi\u1ec7c ch\u1ecdn ph\u01b0\u01a1ng ph\u00e1p n\u00e0o s\u1ebd ph\u1ee5 thu\u1ed9c v\u00e0o nhu c\u1ea7u c\u1ee5 th\u1ec3 v\u00e0 kh\u1ea3 n\u0103ng t\u00e0i ch\u00ednh c\u1ee7a t\u1eebng doanh nghi\u1ec7p. \u0110\u1ec3 \u0111\u1ea1t hi\u1ec7u qu\u1ea3 cao, doanh nghi\u1ec7p n\u00ean c\u00e2n nh\u1eafc k\u1ebft h\u1ee3p nhi\u1ec1u ph\u01b0\u01a1ng ph\u00e1p v\u00e0 th\u01b0\u1eddng xuy\u00ean \u0111\u00e1nh gi\u00e1 chi\u1ebfn l\u01b0\u1ee3c \u0111ang s\u1eed d\u1ee5ng.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>R&#7911;i ro t&#7927; gi&aacute; c&oacute; th&#7875; &#7843;nh h&#432;&#7903;ng nghi&ecirc;m tr&#7885;ng &#273;&#7871;n l&#7907;i nhu&#7853;n v&agrave; kh&#7843; n&#259;ng c&#7841;nh tranh c&#7911;a doanh nghi&#7879;p. D&#432;&#7899;i &#273;&acirc;y l&agrave; 5 k&#7929; thu&#7853;t ph&#7893; bi&#7871;n &#273;&#7875; ki&#7875;m so&aacute;t r&#7911;i ro n&agrave;y: H&#7907;p &#272;&#7891;ng K&#7923; H&#7841;n (Forward Contracts): Kh&oacute;a t&#7927; gi&aacute; c&#7889; &#273;&#7883;nh cho giao d&#7883;ch t&#432;&#417;ng lai, ph&ugrave; h&#7907;p v&#7899;i d&ograve;ng [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":26010,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1247],"tags":[],"class_list":{"0":"post-26009","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-tai-chinh-ca-nhan"},"_links":{"self":[{"href":"https:\/\/infina.vn\/blog\/wp-json\/wp\/v2\/posts\/26009","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infina.vn\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infina.vn\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infina.vn\/blog\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infina.vn\/blog\/wp-json\/wp\/v2\/comments?post=26009"}],"version-history":[{"count":0,"href":"https:\/\/infina.vn\/blog\/wp-json\/wp\/v2\/posts\/26009\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/infina.vn\/blog\/wp-json\/wp\/v2\/media\/26010"}],"wp:attachment":[{"href":"https:\/\/infina.vn\/blog\/wp-json\/wp\/v2\/media?parent=26009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infina.vn\/blog\/wp-json\/wp\/v2\/categories?post=26009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infina.vn\/blog\/wp-json\/wp\/v2\/tags?post=26009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}