{"id":26021,"date":"2025-02-05T16:05:06","date_gmt":"2025-02-05T09:05:06","guid":{"rendered":"http:\/\/infina.vn\/blog\/?p=26021"},"modified":"2025-02-05T16:05:06","modified_gmt":"2025-02-05T09:05:06","slug":"lam-phat-va-ty-gia-vnd-moi-quan-he-mat-thiet-tc","status":"publish","type":"post","link":"https:\/\/infina.vn\/blog\/lam-phat-va-ty-gia-vnd-moi-quan-he-mat-thiet-tc\/","title":{"rendered":"L\u1ea1m Ph\u00e1t V\u00e0 T\u1ef7 Gi\u00e1 VND: M\u1ed1i Quan H\u1ec7 M\u1eadt Thi\u1ebft"},"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;26021&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;L\u1ea1m Ph\u00e1t V\u00e0 T\u1ef7 Gi\u00e1 VND: M\u1ed1i Quan H\u1ec7 M\u1eadt Thi\u1ebft&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><strong>L\u1ea1m ph\u00e1t v\u00e0 t\u1ef7 gi\u00e1 <\/strong><strong>VND<\/strong><strong> c\u00f3 m\u1ed1i li\u00ean h\u1ec7 ch\u1eb7t ch\u1ebd, t\u00e1c \u0111\u1ed9ng l\u1edbn \u0111\u1ebfn kinh t\u1ebf Vi\u1ec7t Nam, doanh nghi\u1ec7p v\u00e0 \u0111\u1eddi s\u1ed1ng ng\u01b0\u1eddi d\u00e2n.<\/strong> Khi l\u1ea1m ph\u00e1t t\u0103ng, gi\u00e1 tr\u1ecb VND gi\u1ea3m, khi\u1ebfn t\u1ef7 gi\u00e1 v\u1edbi USD v\u00e0 c\u00e1c \u0111\u1ed3ng ngo\u1ea1i t\u1ec7 kh\u00e1c bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh. \u0110i\u1ec1u n\u00e0y l\u00e0m t\u0103ng gi\u00e1 h\u00e0ng nh\u1eadp kh\u1ea9u, gi\u1ea3m s\u1ee9c c\u1ea1nh tranh c\u1ee7a h\u00e0ng h\u00f3a Vi\u1ec7t Nam v\u00e0 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn chi ti\u00eau h\u00e0ng ng\u00e0y.<\/p>\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\/lam-phat-va-ty-gia-vnd-moi-quan-he-mat-thiet-tc\/#Tom_tat_ngan_gon\" title=\"T\u00f3m t\u1eaft ng\u1eafn g\u1ecdn:\">T\u00f3m t\u1eaft ng\u1eafn g\u1ecdn:<\/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\/lam-phat-va-ty-gia-vnd-moi-quan-he-mat-thiet-tc\/#Moi_Tuong_Tac_Giua_Lam_Phat_va_Ty_Gia_VND\" title=\"M\u1ed1i T\u01b0\u01a1ng T\u00e1c Gi\u1eefa L\u1ea1m Ph\u00e1t v\u00e0 T\u1ef7 Gi\u00e1 VND\">M\u1ed1i T\u01b0\u01a1ng T\u00e1c Gi\u1eefa L\u1ea1m Ph\u00e1t v\u00e0 T\u1ef7 Gi\u00e1 VND<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/infina.vn\/blog\/lam-phat-va-ty-gia-vnd-moi-quan-he-mat-thiet-tc\/#1_Tac_dong_cua_lam_phat\" title=\"1. T\u00e1c \u0111\u1ed9ng c\u1ee7a l\u1ea1m ph\u00e1t\">1. T\u00e1c \u0111\u1ed9ng c\u1ee7a l\u1ea1m ph\u00e1t<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/infina.vn\/blog\/lam-phat-va-ty-gia-vnd-moi-quan-he-mat-thiet-tc\/#On_dinh_kinh_te_vi_mo\" title=\"\u1ed4n \u0111\u1ecbnh kinh t\u1ebf v\u0129 m\u00f4\">\u1ed4n \u0111\u1ecbnh kinh t\u1ebf v\u0129 m\u00f4<\/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\/lam-phat-va-ty-gia-vnd-moi-quan-he-mat-thiet-tc\/#Can_can_thuong_mai\" title=\"C\u00e1n c\u00e2n th\u01b0\u01a1ng m\u1ea1i\">C\u00e1n c\u00e2n th\u01b0\u01a1ng m\u1ea1i<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/infina.vn\/blog\/lam-phat-va-ty-gia-vnd-moi-quan-he-mat-thiet-tc\/#Chinh_sach_tien_te\" title=\"Ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7\">Ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/infina.vn\/blog\/lam-phat-va-ty-gia-vnd-moi-quan-he-mat-thiet-tc\/#2_Tac_dong_cua_ty_gia_VND\" title=\"2. T\u00e1c \u0111\u1ed9ng c\u1ee7a t\u1ef7 gi\u00e1 VND\">2. T\u00e1c \u0111\u1ed9ng c\u1ee7a t\u1ef7 gi\u00e1 VND<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/infina.vn\/blog\/lam-phat-va-ty-gia-vnd-moi-quan-he-mat-thiet-tc\/#Anh_huong_den_gia_ca_va_lam_phat\" title=\"\u1ea2nh h\u01b0\u1edfng \u0111\u1ebfn gi\u00e1 c\u1ea3 v\u00e0 l\u1ea1m ph\u00e1t\">\u1ea2nh h\u01b0\u1edfng \u0111\u1ebfn gi\u00e1 c\u1ea3 v\u00e0 l\u1ea1m ph\u00e1t<\/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\/lam-phat-va-ty-gia-vnd-moi-quan-he-mat-thiet-tc\/#Canh_tranh_xuat_khau\" title=\"C\u1ea1nh tranh xu\u1ea5t kh\u1ea9u\">C\u1ea1nh tranh xu\u1ea5t kh\u1ea9u<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/infina.vn\/blog\/lam-phat-va-ty-gia-vnd-moi-quan-he-mat-thiet-tc\/#Vai_tro_cua_NHNN_trong_dieu_hanh_ty_gia\" title=\"Vai tr\u00f2 c\u1ee7a NHNN trong \u0111i\u1ec1u h\u00e0nh t\u1ef7 gi\u00e1\">Vai tr\u00f2 c\u1ee7a NHNN trong \u0111i\u1ec1u h\u00e0nh t\u1ef7 gi\u00e1<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/infina.vn\/blog\/lam-phat-va-ty-gia-vnd-moi-quan-he-mat-thiet-tc\/#Tac_dong_tu_yeu_to_ben_ngoai\" title=\"T\u00e1c \u0111\u1ed9ng t\u1eeb y\u1ebfu t\u1ed1 b\u00ean ngo\u00e0i\">T\u00e1c \u0111\u1ed9ng t\u1eeb y\u1ebfu t\u1ed1 b\u00ean ngo\u00e0i<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/infina.vn\/blog\/lam-phat-va-ty-gia-vnd-moi-quan-he-mat-thiet-tc\/#Loi_Ich_va_Thach_Thuc\" title=\"L\u1ee3i \u00cdch v\u00e0 Th\u00e1ch Th\u1ee9c\">L\u1ee3i \u00cdch v\u00e0 Th\u00e1ch Th\u1ee9c<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/infina.vn\/blog\/lam-phat-va-ty-gia-vnd-moi-quan-he-mat-thiet-tc\/#Tac_Dong_Den_On_Dinh_Kinh_Te_Vi_Mo\" title=\"T\u00e1c \u0110\u1ed9ng \u0110\u1ebfn \u1ed4n \u0110\u1ecbnh Kinh T\u1ebf V\u0129 M\u00f4\">T\u00e1c \u0110\u1ed9ng \u0110\u1ebfn \u1ed4n \u0110\u1ecbnh Kinh T\u1ebf V\u0129 M\u00f4<\/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\/lam-phat-va-ty-gia-vnd-moi-quan-he-mat-thiet-tc\/#So_Sanh_Tac_Dong_Cua_Cac_Chinh_Sach_Ty_Gia\" title=\"So S\u00e1nh T\u00e1c \u0110\u1ed9ng C\u1ee7a C\u00e1c Ch\u00ednh S\u00e1ch T\u1ef7 Gi\u00e1\">So S\u00e1nh T\u00e1c \u0110\u1ed9ng C\u1ee7a C\u00e1c Ch\u00ednh S\u00e1ch T\u1ef7 Gi\u00e1<\/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\/lam-phat-va-ty-gia-vnd-moi-quan-he-mat-thiet-tc\/#Tac_Dong_Den_Hoat_Dong_Kinh_Doanh\" title=\"T\u00e1c \u0110\u1ed9ng \u0110\u1ebfn Ho\u1ea1t \u0110\u1ed9ng Kinh Doanh\">T\u00e1c \u0110\u1ed9ng \u0110\u1ebfn Ho\u1ea1t \u0110\u1ed9ng Kinh Doanh<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/infina.vn\/blog\/lam-phat-va-ty-gia-vnd-moi-quan-he-mat-thiet-tc\/#Giai_Phap_Dai_Han\" title=\"Gi\u1ea3i Ph\u00e1p D\u00e0i H\u1ea1n\">Gi\u1ea3i Ph\u00e1p D\u00e0i H\u1ea1n<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/infina.vn\/blog\/lam-phat-va-ty-gia-vnd-moi-quan-he-mat-thiet-tc\/#Ket_Luan\" title=\"K\u1ebft Lu\u1eadn\">K\u1ebft Lu\u1eadn<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"Tom_tat_ngan_gon\"><\/span>T\u00f3m t\u1eaft ng\u1eafn g\u1ecdn:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>L\u1ea1m ph\u00e1t cao<\/strong> \u2192 VND m\u1ea5t gi\u00e1 \u2192 Gi\u00e1 nh\u1eadp kh\u1ea9u t\u0103ng \u2192 G\u00e2y \u00e1p l\u1ef1c l\u00ean t\u1ef7 gi\u00e1.<\/li>\n<li><strong>T\u1ef7 gi\u00e1 bi\u1ebfn \u0111\u1ed9ng<\/strong> \u2192 Gi\u00e1 c\u1ea3 t\u0103ng \u2192 L\u1ea1m ph\u00e1t leo thang.<\/li>\n<li><strong>Ng\u00e2n h\u00e0ng Nh\u00e0 n\u01b0\u1edbc (NHNN)<\/strong> s\u1eed d\u1ee5ng ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 \u0111\u1ec3 \u1ed5n \u0111\u1ecbnh l\u1ea1m ph\u00e1t v\u00e0 t\u1ef7 gi\u00e1.<\/li>\n<\/ul>\n<p>Hi\u1ec3u r\u00f5 m\u1ed1i quan h\u1ec7 n\u00e0y s\u1ebd gi\u00fap b\u1ea1n \u0111\u01b0a ra quy\u1ebft \u0111\u1ecbnh t\u00e0i ch\u00ednh t\u1ed1t h\u01a1n, t\u1eeb ti\u1ebft ki\u1ec7m \u0111\u1ebfn \u0111\u1ea7u t\u01b0, trong b\u1ed1i c\u1ea3nh kinh t\u1ebf nhi\u1ec1u bi\u1ebfn \u0111\u1ed9ng.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Moi_Tuong_Tac_Giua_Lam_Phat_va_Ty_Gia_VND\"><\/span>M\u1ed1i T\u01b0\u01a1ng T\u00e1c Gi\u1eefa L\u1ea1m Ph\u00e1t v\u00e0 T\u1ef7 Gi\u00e1 VND<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>D\u1eef li\u1ec7u kinh t\u1ebf Vi\u1ec7t Nam t\u1eeb 2010 \u0111\u1ebfn 2025 cho th\u1ea5y m\u1ed1i quan h\u1ec7 ph\u1ee9c t\u1ea1p gi\u1eefa l\u1ea1m ph\u00e1t v\u00e0 t\u1ef7 gi\u00e1 VND. D\u01b0\u1edbi \u0111\u00e2y l\u00e0 m\u1ed9t s\u1ed1 th\u1eddi \u0111i\u1ec3m \u0111\u00e1ng ch\u00fa \u00fd:<\/p>\n<table>\n<colgroup>\n<col \/>\n<col \/>\n<col \/><\/colgroup>\n<tbody>\n<tr>\n<th colspan=\"1\" rowspan=\"1\">Th\u1eddi \u0111i\u1ec3m<\/th>\n<th colspan=\"1\" rowspan=\"1\">T\u1ef7 l\u1ec7 l\u1ea1m ph\u00e1t<\/th>\n<th colspan=\"1\" rowspan=\"1\">T\u00e1c \u0111\u1ed9ng \u0111\u1ebfn t\u1ef7 gi\u00e1<\/th>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">2010<\/td>\n<td colspan=\"1\" rowspan=\"1\">11,75%<\/td>\n<td colspan=\"1\" rowspan=\"1\">T\u1ef7 gi\u00e1 t\u0103ng v\u01b0\u1ee3t m\u1ee5c ti\u00eau<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">2011<\/td>\n<td colspan=\"1\" rowspan=\"1\">18,13%<\/td>\n<td colspan=\"1\" rowspan=\"1\">T\u1ef7 gi\u00e1 t\u0103ng m\u1ea1nh<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">2018<\/td>\n<td colspan=\"1\" rowspan=\"1\">T\u0103ng nh\u1eb9<\/td>\n<td colspan=\"1\" rowspan=\"1\">VND m\u1ea5t gi\u00e1 so v\u1edbi USD<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">2020<\/td>\n<td colspan=\"1\" rowspan=\"1\">\u00c1p l\u1ef1c t\u0103ng<\/td>\n<td colspan=\"1\" rowspan=\"1\">Bi\u1ebfn \u0111\u1ed9ng do COVID-19<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>C\u01a1 ch\u1ebf t\u00e1c \u0111\u1ed9ng hai chi\u1ec1u:<\/strong><\/p>\n<p>L\u1ea1m ph\u00e1t cao l\u00e0m gi\u1ea3m gi\u00e1 tr\u1ecb th\u1ef1c c\u1ee7a VND, khi\u1ebfn chi ph\u00ed nh\u1eadp kh\u1ea9u t\u0103ng, g\u00e2y \u00e1p l\u1ef1c l\u00ean c\u00e1n c\u00e2n th\u01b0\u01a1ng m\u1ea1i v\u00e0 l\u00e0m gi\u1ea3m ni\u1ec1m tin v\u00e0o \u0111\u1ed3ng n\u1ed9i t\u1ec7. \u0110\u1ed3ng th\u1eddi, khi t\u1ef7 gi\u00e1 bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh, gi\u00e1 h\u00e0ng nh\u1eadp kh\u1ea9u v\u00e0 chi ph\u00ed s\u1ea3n xu\u1ea5t trong n\u01b0\u1edbc t\u0103ng l\u00ean, l\u00e0m l\u1ea1m ph\u00e1t leo thang.<\/p>\n<p>N\u0103m 2021, Ng\u00e2n h\u00e0ng Nh\u00e0 n\u01b0\u1edbc Vi\u1ec7t Nam (NHNN) \u0111\u00e3 can thi\u1ec7p \u0111\u1ec3 gi\u1eef \u1ed5n \u0111\u1ecbnh VND tr\u01b0\u1edbc nh\u1eefng \u00e1p l\u1ef1c t\u1eeb l\u1ea1m ph\u00e1t v\u00e0 t\u1ef7 gi\u00e1. Trong khi \u0111\u00f3, c\u00e1c ch\u00ednh s\u00e1ch l\u00e3i su\u1ea5t c\u1ee7a C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang M\u1ef9 (Fed) c\u0169ng t\u00e1c \u0111\u1ed9ng l\u1edbn \u0111\u1ebfn t\u1ef7 gi\u00e1 VND v\u00e0 t\u1ea1o th\u00eam \u00e1p l\u1ef1c l\u1ea1m ph\u00e1t.<\/p>\n<p>Vi\u1ec7c n\u1eafm r\u00f5 m\u1ed1i quan h\u1ec7 n\u00e0y gi\u00fap doanh nghi\u1ec7p v\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u01b0a ra c\u00e1c quy\u1ebft \u0111\u1ecbnh t\u00e0i ch\u00ednh hi\u1ec7u qu\u1ea3 h\u01a1n trong b\u1ed1i c\u1ea3nh kinh t\u1ebf \u0111\u1ea7y bi\u1ebfn \u0111\u1ed9ng.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"1_Tac_dong_cua_lam_phat\"><\/span>1. T\u00e1c \u0111\u1ed9ng c\u1ee7a l\u1ea1m ph\u00e1t<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>L\u1ea1m ph\u00e1t t\u1ea1i Vi\u1ec7t Nam \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn n\u1ec1n kinh t\u1ebf qua ba kh\u00eda c\u1ea1nh ch\u00ednh: \u1ed5n \u0111\u1ecbnh kinh t\u1ebf v\u0129 m\u00f4, c\u00e1n c\u00e2n th\u01b0\u01a1ng m\u1ea1i v\u00e0 c\u00e1c quy\u1ebft \u0111\u1ecbnh v\u1ec1 ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"On_dinh_kinh_te_vi_mo\"><\/span>\u1ed4n \u0111\u1ecbnh kinh t\u1ebf v\u0129 m\u00f4<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Khi l\u1ea1m ph\u00e1t t\u0103ng cao, gi\u00e1 tr\u1ecb th\u1ef1c c\u1ee7a VND gi\u1ea3m, g\u00e2y \u1ea3nh h\u01b0\u1edfng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn chi ti\u00eau ti\u00eau d\u00f9ng v\u00e0 \u0111\u1ea7u t\u01b0. \u0110i\u1ec1u n\u00e0y bu\u1ed9c Ng\u00e2n h\u00e0ng Nh\u00e0 n\u01b0\u1edbc (NHNN) ph\u1ea3i can thi\u1ec7p \u0111\u1ec3 \u1ed5n \u0111\u1ecbnh th\u1ecb tr\u01b0\u1eddng. Nh\u1eefng bi\u1ec7n ph\u00e1p \u0111i\u1ec1u ti\u1ebft n\u00e0y \u0111\u00e3 \u0111\u01b0\u1ee3c \u00e1p d\u1ee5ng trong c\u00e1c giai \u0111o\u1ea1n kinh t\u1ebf bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh, t\u00e1c \u0111\u1ed9ng \u0111\u1ebfn ni\u1ec1m tin th\u1ecb tr\u01b0\u1eddng v\u00e0 xu h\u01b0\u1edbng \u0111\u1ea7u t\u01b0 trong n\u01b0\u1edbc.<\/p>\n<p>B\u00ean c\u1ea1nh \u0111\u00f3, l\u1ea1m ph\u00e1t kh\u00f4ng ch\u1ec9 \u1ea3nh h\u01b0\u1edfng n\u1ed9i \u0111\u1ecba m\u00e0 c\u00f2n t\u00e1c \u0111\u1ed9ng \u0111\u1ebfn th\u01b0\u01a1ng m\u1ea1i qu\u1ed1c t\u1ebf.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_can_thuong_mai\"><\/span>C\u00e1n c\u00e2n th\u01b0\u01a1ng m\u1ea1i<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>L\u1ea1m ph\u00e1t cao l\u00e0m t\u0103ng gi\u00e1 th\u00e0nh s\u1ea3n ph\u1ea9m xu\u1ea5t kh\u1ea9u, khi\u1ebfn h\u00e0ng h\u00f3a Vi\u1ec7t Nam k\u00e9m c\u1ea1nh tranh h\u01a1n tr\u00ean th\u1ecb tr\u01b0\u1eddng qu\u1ed1c t\u1ebf, t\u1eeb \u0111\u00f3 c\u00f3 th\u1ec3 d\u1eabn \u0111\u1ebfn t\u00ecnh tr\u1ea1ng th\u00e2m h\u1ee5t th\u01b0\u01a1ng m\u1ea1i. M\u1ed9t nghi\u00ean c\u1ee9u n\u0103m 2013 \u0111\u00e3 ch\u1ec9 ra m\u1ed1i li\u00ean h\u1ec7 ch\u1eb7t ch\u1ebd gi\u1eefa d\u1ef1 tr\u1eef ngo\u1ea1i h\u1ed1i v\u00e0 t\u1ef7 gi\u00e1.<\/p>\n<p>\u0110\u1ec3 gi\u1ea3m thi\u1ec3u nh\u1eefng \u1ea3nh h\u01b0\u1edfng ti\u00eau c\u1ef1c n\u00e0y, ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 \u0111\u00f3ng vai tr\u00f2 quan tr\u1ecdng trong vi\u1ec7c ki\u1ec3m so\u00e1t l\u1ea1m ph\u00e1t v\u00e0 duy tr\u00ec s\u1ef1 \u1ed5n \u0111\u1ecbnh t\u1ef7 gi\u00e1.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Chinh_sach_tien_te\"><\/span>Ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>NHNN th\u01b0\u1eddng xuy\u00ean \u0111i\u1ec1u ch\u1ec9nh ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 \u0111\u1ec3 ki\u1ec3m so\u00e1t l\u1ea1m ph\u00e1t. D\u1eef li\u1ec7u cho th\u1ea5y h\u1ec7 s\u1ed1 t\u01b0\u01a1ng quan 0,36 gi\u1eefa l\u1ea1m ph\u00e1t v\u00e0 t\u1ef7 gi\u00e1, ch\u1ee9ng minh m\u1ed1i quan h\u1ec7 ch\u1eb7t ch\u1ebd gi\u1eefa hai y\u1ebfu t\u1ed1 n\u00e0y. Vi\u1ec7c \u0111i\u1ec1u h\u00e0nh ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 linh ho\u1ea1t \u0111\u00e3 g\u00f3p ph\u1ea7n quan tr\u1ecdng trong vi\u1ec7c \u1ed5n \u0111\u1ecbnh kinh t\u1ebf v\u0129 m\u00f4 v\u00e0 ki\u1ec3m so\u00e1t l\u1ea1m ph\u00e1t trong nh\u1eefng n\u0103m g\u1ea7n \u0111\u00e2y.<\/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=\"2_Tac_dong_cua_ty_gia_VND\"><\/span>2. T\u00e1c \u0111\u1ed9ng c\u1ee7a t\u1ef7 gi\u00e1 VND<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Anh_huong_den_gia_ca_va_lam_phat\"><\/span>\u1ea2nh h\u01b0\u1edfng \u0111\u1ebfn gi\u00e1 c\u1ea3 v\u00e0 l\u1ea1m ph\u00e1t<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Khi VND m\u1ea5t gi\u00e1, chi ph\u00ed nh\u1eadp kh\u1ea9u t\u0103ng l\u00ean, d\u1eabn \u0111\u1ebfn \u00e1p l\u1ef1c l\u1ea1m ph\u00e1t. M\u1ed9t v\u00ed d\u1ee5 \u0111i\u1ec3n h\u00ecnh l\u00e0 n\u0103m 2010, khi s\u1ef1 m\u1ea5t gi\u00e1 m\u1ea1nh c\u1ee7a VND \u0111\u00e3 g\u00f3p ph\u1ea7n \u0111\u1ea9y l\u1ea1m ph\u00e1t l\u00ean m\u1ee9c cao. T\u1ef7 gi\u00e1 kh\u00f4ng ch\u1ec9 t\u00e1c \u0111\u1ed9ng \u0111\u1ebfn gi\u00e1 c\u1ea3 trong n\u01b0\u1edbc m\u00e0 c\u00f2n \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn kh\u1ea3 n\u0103ng c\u1ea1nh tranh c\u1ee7a h\u00e0ng h\u00f3a Vi\u1ec7t Nam tr\u00ean th\u1ecb tr\u01b0\u1eddng qu\u1ed1c t\u1ebf.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Canh_tranh_xuat_khau\"><\/span>C\u1ea1nh tranh xu\u1ea5t kh\u1ea9u<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>T\u1ef7 gi\u00e1 VND \u0111\u00f3ng vai tr\u00f2 l\u1edbn trong vi\u1ec7c \u0111\u1ecbnh h\u00ecnh kh\u1ea3 n\u0103ng c\u1ea1nh tranh c\u1ee7a h\u00e0ng h\u00f3a Vi\u1ec7t Nam. Khi VND gi\u1ea3m gi\u00e1, h\u00e0ng xu\u1ea5t kh\u1ea9u c\u1ee7a Vi\u1ec7t Nam tr\u1edf n\u00ean r\u1ebb h\u01a1n, gi\u00fap t\u0103ng l\u1ee3i th\u1ebf c\u1ea1nh tranh. Ng\u01b0\u1ee3c l\u1ea1i, n\u1ebfu VND t\u0103ng gi\u00e1, s\u1ee9c c\u1ea1nh tranh c\u1ee7a h\u00e0ng xu\u1ea5t kh\u1ea9u s\u1ebd gi\u1ea3m.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Vai_tro_cua_NHNN_trong_dieu_hanh_ty_gia\"><\/span>Vai tr\u00f2 c\u1ee7a NHNN trong \u0111i\u1ec1u h\u00e0nh t\u1ef7 gi\u00e1<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Ng\u00e2n h\u00e0ng Nh\u00e0 n\u01b0\u1edbc (NHNN) gi\u1eef vai tr\u00f2 quan tr\u1ecdng trong vi\u1ec7c \u0111i\u1ec1u h\u00e0nh t\u1ef7 gi\u00e1. C\u00e1c ch\u00ednh s\u00e1ch c\u1ee7a NHNN nh\u1eb1m ki\u1ec3m so\u00e1t l\u1ea1m ph\u00e1t, duy tr\u00ec \u1ed5n \u0111\u1ecbnh kinh t\u1ebf v\u00e0 h\u1ed7 tr\u1ee3 ho\u1ea1t \u0111\u1ed9ng xu\u1ea5t nh\u1eadp kh\u1ea9u. \u0110\u1ed3ng th\u1eddi, t\u1ef7 gi\u00e1 VND c\u00f2n b\u1ecb \u1ea3nh h\u01b0\u1edfng b\u1edfi nh\u1eefng bi\u1ebfn \u0111\u1ed9ng t\u1eeb th\u1ecb tr\u01b0\u1eddng qu\u1ed1c t\u1ebf.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Tac_dong_tu_yeu_to_ben_ngoai\"><\/span>T\u00e1c \u0111\u1ed9ng t\u1eeb y\u1ebfu t\u1ed1 b\u00ean ngo\u00e0i<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>T\u1ef7 gi\u00e1 VND ch\u1ecbu \u1ea3nh h\u01b0\u1edfng l\u1edbn t\u1eeb c\u00e1c y\u1ebfu t\u1ed1 qu\u1ed1c t\u1ebf, bao g\u1ed3m ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 to\u00e0n c\u1ea7u v\u00e0 c\u00e1c hi\u1ec7p \u0111\u1ecbnh th\u01b0\u01a1ng m\u1ea1i. Nh\u1eefng thay \u0111\u1ed5i n\u00e0y t\u00e1c \u0111\u1ed9ng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn l\u1ea1m ph\u00e1t v\u00e0 t\u1ef7 gi\u00e1, t\u1eeb \u0111\u00f3 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn s\u1ef1 \u1ed5n \u0111\u1ecbnh kinh t\u1ebf v\u0129 m\u00f4 c\u1ee7a Vi\u1ec7t Nam.<\/p>\n<p>B\u1ea3ng d\u01b0\u1edbi \u0111\u00e2y so s\u00e1nh t\u00e1c \u0111\u1ed9ng c\u1ee7a bi\u1ebfn \u0111\u1ed9ng t\u1ef7 gi\u00e1:<\/p>\n<table>\n<colgroup>\n<col \/>\n<col \/>\n<col \/><\/colgroup>\n<tbody>\n<tr>\n<th colspan=\"1\" rowspan=\"1\">T\u1ef7 gi\u00e1 VND<\/th>\n<th colspan=\"1\" rowspan=\"1\">T\u00e1c \u0111\u1ed9ng t\u00edch c\u1ef1c<\/th>\n<th colspan=\"1\" rowspan=\"1\">T\u00e1c \u0111\u1ed9ng ti\u00eau c\u1ef1c<\/th>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">T\u0103ng gi\u00e1<\/td>\n<td colspan=\"1\" rowspan=\"1\">&#8211; Gi\u1ea3m chi ph\u00ed nh\u1eadp kh\u1ea9u<br \/>\n&#8211; H\u1ed7 tr\u1ee3 ki\u1ec3m so\u00e1t l\u1ea1m ph\u00e1t<\/td>\n<td colspan=\"1\" rowspan=\"1\">&#8211; Gi\u1ea3m s\u1ee9c c\u1ea1nh tranh h\u00e0ng xu\u1ea5t kh\u1ea9u<br \/>\n&#8211; \u1ea2nh h\u01b0\u1edfng \u0111\u1ebfn thu h\u00fat \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i (FDI)<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Gi\u1ea3m gi\u00e1<\/td>\n<td colspan=\"1\" rowspan=\"1\">&#8211; T\u0103ng kh\u1ea3 n\u0103ng xu\u1ea5t kh\u1ea9u<br \/>\n&#8211; Thu h\u00fat FDI<\/td>\n<td colspan=\"1\" rowspan=\"1\">&#8211; T\u0103ng chi ph\u00ed nh\u1eadp kh\u1ea9u<br \/>\n&#8211; G\u00e2y \u00e1p l\u1ef1c l\u1ea1m ph\u00e1t<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Loi_Ich_va_Thach_Thuc\"><\/span>L\u1ee3i \u00cdch v\u00e0 Th\u00e1ch Th\u1ee9c<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>M\u1ed1i quan h\u1ec7 gi\u1eefa l\u1ea1m ph\u00e1t v\u00e0 t\u1ef7 gi\u00e1 VND c\u00f3 t\u00e1c \u0111\u1ed9ng l\u1edbn \u0111\u1ebfn n\u1ec1n kinh t\u1ebf Vi\u1ec7t Nam. Hi\u1ec3u r\u00f5 nh\u1eefng y\u1ebfu t\u1ed1 n\u00e0y gi\u00fap doanh nghi\u1ec7p v\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u01b0a ra c\u00e1c quy\u1ebft \u0111\u1ecbnh h\u1ee3p l\u00fd.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Tac_Dong_Den_On_Dinh_Kinh_Te_Vi_Mo\"><\/span>T\u00e1c \u0110\u1ed9ng \u0110\u1ebfn \u1ed4n \u0110\u1ecbnh Kinh T\u1ebf V\u0129 M\u00f4<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Ng\u00e2n h\u00e0ng Nh\u00e0 n\u01b0\u1edbc (NHNN) s\u1eed d\u1ee5ng ch\u00ednh s\u00e1ch t\u1ef7 gi\u00e1 linh ho\u1ea1t \u0111\u1ec3 ki\u1ec3m so\u00e1t l\u1ea1m ph\u00e1t v\u00e0 gi\u1eef \u1ed5n \u0111\u1ecbnh kinh t\u1ebf. V\u00ed d\u1ee5, trong n\u0103m 2021, NHNN \u0111\u00e3 gi\u1ea3m gi\u00e1 mua USD k\u1ef3 h\u1ea1n nh\u1eb1m ng\u0103n ch\u1eb7n nguy c\u01a1 m\u1ea5t gi\u00e1 \u0111\u1ed3ng VND.<\/p>\n<blockquote><p>&#8220;\u0110i\u1ec1u h\u00e0nh t\u1ef7 gi\u00e1 linh ho\u1ea1t l\u00e0 c\u00f4ng c\u1ee5 quan tr\u1ecdng gi\u00fap Vi\u1ec7t Nam \u1ee9ng ph\u00f3 v\u1edbi r\u1ee7i ro kinh t\u1ebf to\u00e0n c\u1ea7u.&#8221;<\/p><\/blockquote>\n<h3><span class=\"ez-toc-section\" id=\"So_Sanh_Tac_Dong_Cua_Cac_Chinh_Sach_Ty_Gia\"><\/span>So S\u00e1nh T\u00e1c \u0110\u1ed9ng C\u1ee7a C\u00e1c Ch\u00ednh S\u00e1ch T\u1ef7 Gi\u00e1<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table>\n<colgroup>\n<col \/>\n<col \/>\n<col \/><\/colgroup>\n<tbody>\n<tr>\n<th colspan=\"1\" rowspan=\"1\">Ch\u00ednh S\u00e1ch<\/th>\n<th colspan=\"1\" rowspan=\"1\">L\u1ee3i \u00cdch<\/th>\n<th colspan=\"1\" rowspan=\"1\">Th\u00e1ch Th\u1ee9c<\/th>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">T\u1ef7 gi\u00e1 c\u1ed1 \u0111\u1ecbnh<\/td>\n<td colspan=\"1\" rowspan=\"1\">&#8211; \u1ed4n \u0111\u1ecbnh trong ng\u1eafn h\u1ea1n<br \/>\n&#8211; Ki\u1ec3m so\u00e1t l\u1ea1m ph\u00e1t t\u1ed1t h\u01a1n<br \/>\n&#8211; Thu h\u00fat \u0111\u1ea7u t\u01b0 qu\u1ed1c t\u1ebf<\/td>\n<td colspan=\"1\" rowspan=\"1\">&#8211; Thi\u1ebfu s\u1ef1 linh ho\u1ea1t<br \/>\n&#8211; Nguy c\u01a1 m\u1ea5t gi\u00e1 \u0111\u1ed9t ng\u1ed9t<br \/>\n&#8211; Ph\u1ee5 thu\u1ed9c nhi\u1ec1u v\u00e0o d\u1ef1 tr\u1eef ngo\u1ea1i h\u1ed1i<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">T\u1ef7 gi\u00e1 linh ho\u1ea1t<\/td>\n<td colspan=\"1\" rowspan=\"1\">&#8211; Ph\u1ea3n \u1ee9ng nhanh v\u1edbi bi\u1ebfn \u0111\u1ed9ng th\u1ecb tr\u01b0\u1eddng<br \/>\n&#8211; Gi\u1ea3m \u00e1p l\u1ef1c l\u00ean d\u1ef1 tr\u1eef ngo\u1ea1i h\u1ed1i<br \/>\n&#8211; H\u1ed7 tr\u1ee3 c\u00e2n b\u1eb1ng th\u01b0\u01a1ng m\u1ea1i<\/td>\n<td colspan=\"1\" rowspan=\"1\">&#8211; Kh\u00f3 ki\u1ec3m so\u00e1t l\u1ea1m ph\u00e1t<br \/>\n&#8211; Chi ph\u00ed giao d\u1ecbch t\u0103ng<br \/>\n&#8211; D\u1ec5 b\u1ecb bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>C\u1ea3 hai ch\u00ednh s\u00e1ch \u0111\u1ec1u c\u00f3 nh\u1eefng \u01b0u v\u00e0 nh\u01b0\u1ee3c \u0111i\u1ec3m ri\u00eang, \u1ea3nh h\u01b0\u1edfng kh\u00f4ng ch\u1ec9 \u0111\u1ebfn kinh t\u1ebf v\u0129 m\u00f4 m\u00e0 c\u00f2n \u0111\u1ebfn ho\u1ea1t \u0111\u1ed9ng c\u1ee7a doanh nghi\u1ec7p.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Tac_Dong_Den_Hoat_Dong_Kinh_Doanh\"><\/span>T\u00e1c \u0110\u1ed9ng \u0110\u1ebfn Ho\u1ea1t \u0110\u1ed9ng Kinh Doanh<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Bi\u1ebfn \u0111\u1ed9ng t\u1ef7 gi\u00e1 v\u00e0 l\u1ea1m ph\u00e1t c\u00f3 th\u1ec3 \u1ea3nh h\u01b0\u1edfng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn chi ph\u00ed v\u00e0 l\u1ee3i nhu\u1eadn c\u1ee7a doanh nghi\u1ec7p. \u0110\u1ec3 qu\u1ea3n l\u00fd r\u1ee7i ro, c\u00e1c doanh nghi\u1ec7p n\u00ean \u0111a d\u1ea1ng h\u00f3a \u0111\u1ed1i t\u00e1c th\u01b0\u01a1ng m\u1ea1i v\u00e0 gi\u1ea3m s\u1ef1 ph\u1ee5 thu\u1ed9c v\u00e0o ngu\u1ed3n v\u1ed1n n\u01b0\u1edbc ngo\u00e0i, qua \u0111\u00f3 h\u1ed7 tr\u1ee3 duy tr\u00ec gi\u00e1 tr\u1ecb \u0111\u1ed3ng VND.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Giai_Phap_Dai_Han\"><\/span>Gi\u1ea3i Ph\u00e1p D\u00e0i H\u1ea1n<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u0110\u1ec3 gi\u1ea3m thi\u1ec3u r\u1ee7i ro t\u1eeb l\u1ea1m ph\u00e1t v\u00e0 t\u1ef7 gi\u00e1, Vi\u1ec7t Nam c\u1ea7n:<\/p>\n<ul>\n<li>Ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 linh ho\u1ea1t.<\/li>\n<li>X\u00e2y d\u1ef1ng d\u1ef1 tr\u1eef ngo\u1ea1i h\u1ed1i m\u1ea1nh m\u1ebd.<\/li>\n<li>Ph\u00e1t tri\u1ec3n h\u1ec7 th\u1ed1ng t\u00e0i ch\u00ednh trong n\u01b0\u1edbc.<\/li>\n<li>\u0110a d\u1ea1ng h\u00f3a th\u1ecb tr\u01b0\u1eddng th\u01b0\u01a1ng m\u1ea1i qu\u1ed1c t\u1ebf.<\/li>\n<\/ul>\n<p>Vi\u1ec7c n\u1eafm r\u00f5 nh\u1eefng l\u1ee3i \u00edch v\u00e0 th\u00e1ch th\u1ee9c n\u00e0y s\u1ebd gi\u00fap Vi\u1ec7t Nam h\u01b0\u1edbng t\u1edbi m\u1ed9t n\u1ec1n kinh t\u1ebf \u1ed5n \u0111\u1ecbnh v\u00e0 ph\u00e1t tri\u1ec3n h\u01a1n.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ket_Luan\"><\/span>K\u1ebft Lu\u1eadn<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>M\u1ed1i quan h\u1ec7 gi\u1eefa l\u1ea1m ph\u00e1t v\u00e0 t\u1ef7 gi\u00e1 VND \u0111\u00f3ng vai tr\u00f2 quan tr\u1ecdng trong vi\u1ec7c duy tr\u00ec s\u1ef1 \u1ed5n \u0111\u1ecbnh kinh t\u1ebf v\u0129 m\u00f4 c\u1ee7a Vi\u1ec7t Nam. Nh\u1edd ki\u1ec3m so\u00e1t t\u1ed1t l\u1ea1m ph\u00e1t v\u00e0 gi\u1eef \u1ed5n \u0111\u1ecbnh t\u1ef7 gi\u00e1, n\u1ec1n kinh t\u1ebf \u0111\u00e3 \u0111\u1ea1t t\u1ed1c \u0111\u1ed9 t\u0103ng tr\u01b0\u1edfng trung b\u00ecnh 6% trong giai \u0111o\u1ea1n 2016-2020, v\u01b0\u1ee3t qua m\u1ee9c 5,9% c\u1ee7a giai \u0111o\u1ea1n tr\u01b0\u1edbc \u0111\u00f3.<\/p>\n<p>\u0110\u1ec3 ti\u1ebfp t\u1ee5c duy tr\u00ec \u1ed5n \u0111\u1ecbnh kinh t\u1ebf, c\u00e1c nh\u00e0 ho\u1ea1ch \u0111\u1ecbnh ch\u00ednh s\u00e1ch c\u1ea7n t\u1eadp trung v\u00e0o:<\/p>\n<ul>\n<li>\u0110i\u1ec1u ch\u1ec9nh ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 linh ho\u1ea1t, ph\u00f9 h\u1ee3p v\u1edbi di\u1ec5n bi\u1ebfn th\u1ecb tr\u01b0\u1eddng.<\/li>\n<li>T\u0103ng c\u01b0\u1eddng d\u1ef1 tr\u1eef ngo\u1ea1i h\u1ed1i nh\u1eb1m \u0111\u1ed1i ph\u00f3 v\u1edbi c\u00e1c bi\u1ebfn \u0111\u1ed9ng t\u1eeb b\u00ean ngo\u00e0i.<\/li>\n<li>S\u1eed d\u1ee5ng c\u00e1c c\u00f4ng c\u1ee5 ch\u00ednh s\u00e1ch \u0111\u1ec3 ki\u1ec3m so\u00e1t l\u1ea1m ph\u00e1t m\u1ed9t c\u00e1ch hi\u1ec7u qu\u1ea3.<\/li>\n<\/ul>\n<p>\u0110\u1ed1i v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 v\u00e0 doanh nghi\u1ec7p, vi\u1ec7c theo d\u00f5i s\u00e1t sao l\u1ea1m ph\u00e1t, t\u1ef7 gi\u00e1 v\u00e0 \u0111a d\u1ea1ng h\u00f3a danh m\u1ee5c \u0111\u1ea7u t\u01b0 s\u1ebd gi\u00fap gi\u1ea3m thi\u1ec3u r\u1ee7i ro. S\u1ef1 gi\u00e1m s\u00e1t ch\u1eb7t ch\u1ebd v\u00e0 \u0111i\u1ec1u ch\u1ec9nh k\u1ecbp th\u1eddi ch\u00ednh s\u00e1ch s\u1ebd l\u00e0 y\u1ebfu t\u1ed1 quan tr\u1ecdng \u0111\u1ec3 \u0111\u1ea3m b\u1ea3o s\u1ef1 \u1ed5n \u0111\u1ecbnh v\u00e0 ph\u00e1t tri\u1ec3n kinh t\u1ebf l\u00e2u d\u00e0i.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>L&#7841;m ph&aacute;t v&agrave; t&#7927; gi&aacute; VND c&oacute; m&#7889;i li&ecirc;n h&#7879; ch&#7863;t ch&#7869;, t&aacute;c &#273;&#7897;ng l&#7899;n &#273;&#7871;n kinh t&#7871; Vi&#7879;t Nam, doanh nghi&#7879;p v&agrave; &#273;&#7901;i s&#7889;ng ng&#432;&#7901;i d&acirc;n. Khi l&#7841;m ph&aacute;t t&#259;ng, gi&aacute; tr&#7883; VND gi&#7843;m, khi&#7871;n t&#7927; gi&aacute; v&#7899;i USD v&agrave; c&aacute;c &#273;&#7891;ng ngo&#7841;i t&#7879; kh&aacute;c bi&#7871;n &#273;&#7897;ng m&#7841;nh. &#272;i&#7873;u n&agrave;y l&agrave;m t&#259;ng gi&aacute; h&agrave;ng [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":26022,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1247],"tags":[],"class_list":{"0":"post-26021","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\/26021","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=26021"}],"version-history":[{"count":0,"href":"https:\/\/infina.vn\/blog\/wp-json\/wp\/v2\/posts\/26021\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/infina.vn\/blog\/wp-json\/wp\/v2\/media\/26022"}],"wp:attachment":[{"href":"https:\/\/infina.vn\/blog\/wp-json\/wp\/v2\/media?parent=26021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infina.vn\/blog\/wp-json\/wp\/v2\/categories?post=26021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infina.vn\/blog\/wp-json\/wp\/v2\/tags?post=26021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}