{"id":26066,"date":"2025-02-10T09:26:44","date_gmt":"2025-02-10T02:26:44","guid":{"rendered":"http:\/\/infina.vn\/blog\/?p=26066"},"modified":"2025-02-10T09:26:44","modified_gmt":"2025-02-10T02:26:44","slug":"5-cach-lam-phat-tac-dong-den-thi-truong-chung-khoan-tc","status":"publish","type":"post","link":"https:\/\/infina.vn\/blog\/5-cach-lam-phat-tac-dong-den-thi-truong-chung-khoan-tc\/","title":{"rendered":"5 c\u00e1ch l\u1ea1m ph\u00e1t t\u00e1c \u0111\u1ed9ng \u0111\u1ebfn th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n"},"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;26066&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 c\u00e1ch l\u1ea1m ph\u00e1t t\u00e1c \u0111\u1ed9ng \u0111\u1ebfn th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n&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>L\u1ea1m ph\u00e1t t\u00e1c \u0111\u1ed9ng m\u1ea1nh \u0111\u1ebfn th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n, g\u00e2y ra nhi\u1ec1u thay \u0111\u1ed5i quan tr\u1ecdng m\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n l\u01b0u \u00fd. D\u01b0\u1edbi \u0111\u00e2y l\u00e0 5 c\u00e1ch l\u1ea1m ph\u00e1t \u1ea3nh h\u01b0\u1edfng tr\u1ef1c ti\u1ebfp:<\/p>\n<ul>\n<li><strong>L\u00e3i su\u1ea5t t\u0103ng cao<\/strong>: Ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng t\u0103ng l\u00e3i su\u1ea5t \u0111\u1ec3 ki\u1ec3m so\u00e1t l\u1ea1m ph\u00e1t, khi\u1ebfn chi ph\u00ed vay v\u1ed1n t\u0103ng v\u00e0 d\u00f2ng ti\u1ec1n chuy\u1ec3n sang tr\u00e1i phi\u1ebfu.<\/li>\n<li><strong>Chi ph\u00ed s\u1ea3n xu\u1ea5t t\u0103ng<\/strong>: Gi\u00e1 nguy\u00ean v\u1eadt li\u1ec7u v\u00e0 nh\u00e2n c\u00f4ng leo thang, l\u00e0m gi\u1ea3m l\u1ee3i nhu\u1eadn doanh nghi\u1ec7p.<\/li>\n<li><strong>H\u00e0nh vi ti\u00eau d\u00f9ng thay \u0111\u1ed5i<\/strong>: Ng\u01b0\u1eddi ti\u00eau d\u00f9ng t\u1eadp trung v\u00e0o nhu c\u1ea7u thi\u1ebft y\u1ebfu, \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn doanh thu c\u00e1c ng\u00e0nh xa x\u1ec9.<\/li>\n<li><strong>Gi\u00e1 tr\u1ecb ti\u1ec1n t\u1ec7 gi\u1ea3m<\/strong>: \u0110\u1ed3ng ti\u1ec1n m\u1ea5t gi\u00e1 khi\u1ebfn nh\u00e0 \u0111\u1ea7u t\u01b0 y\u00eau c\u1ea7u l\u1ee3i nhu\u1eadn cao h\u01a1n, l\u00e0m gi\u1ea3m gi\u00e1 c\u1ed5 phi\u1ebfu.<\/li>\n<li><strong>Chuy\u1ec3n d\u1ecbch sang t\u00e0i s\u1ea3n an to\u00e0n<\/strong>: Nh\u00e0 \u0111\u1ea7u t\u01b0 \u01b0u ti\u00ean v\u00e0ng, tr\u00e1i phi\u1ebfu v\u00e0 b\u1ea5t \u0111\u1ed9ng s\u1ea3n thay v\u00ec c\u1ed5 phi\u1ebfu.<\/li>\n<\/ul>\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-cach-lam-phat-tac-dong-den-thi-truong-chung-khoan-tc\/#Tom_tat_nhanh\" title=\"T\u00f3m t\u1eaft nhanh\">T\u00f3m t\u1eaft 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-cach-lam-phat-tac-dong-den-thi-truong-chung-khoan-tc\/#1_Lai_suat_tang_cao\" title=\"1. L\u00e3i su\u1ea5t t\u0103ng cao\">1. L\u00e3i su\u1ea5t t\u0103ng cao<\/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\/5-cach-lam-phat-tac-dong-den-thi-truong-chung-khoan-tc\/#2_Chi_phi_san_xuat_tang_cao\" title=\"2. Chi ph\u00ed s\u1ea3n xu\u1ea5t t\u0103ng cao\">2. Chi ph\u00ed s\u1ea3n xu\u1ea5t t\u0103ng cao<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/infina.vn\/blog\/5-cach-lam-phat-tac-dong-den-thi-truong-chung-khoan-tc\/#3_Hanh_vi_tieu_dung_thay_doi\" title=\"3. H\u00e0nh vi ti\u00eau d\u00f9ng thay \u0111\u1ed5i\">3. H\u00e0nh vi ti\u00eau d\u00f9ng thay \u0111\u1ed5i<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/infina.vn\/blog\/5-cach-lam-phat-tac-dong-den-thi-truong-chung-khoan-tc\/#4_Gia_tri_tien_te_thay_doi\" title=\"4. Gi\u00e1 tr\u1ecb ti\u1ec1n t\u1ec7 thay \u0111\u1ed5i\">4. Gi\u00e1 tr\u1ecb ti\u1ec1n t\u1ec7 thay \u0111\u1ed5i<\/a><\/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-cach-lam-phat-tac-dong-den-thi-truong-chung-khoan-tc\/#5_Chuyen_dich_sang_tai_san_tru_an_an_toan\" title=\"5. Chuy\u1ec3n d\u1ecbch sang t\u00e0i s\u1ea3n tr\u00fa \u1ea9n an to\u00e0n\">5. Chuy\u1ec3n d\u1ecbch sang t\u00e0i s\u1ea3n tr\u00fa \u1ea9n an to\u00e0n<\/a><\/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\/5-cach-lam-phat-tac-dong-den-thi-truong-chung-khoan-tc\/#Ket_luan\" title=\"K\u1ebft lu\u1eadn\">K\u1ebft lu\u1eadn<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/infina.vn\/blog\/5-cach-lam-phat-tac-dong-den-thi-truong-chung-khoan-tc\/#FAQs\" title=\"FAQs\">FAQs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/infina.vn\/blog\/5-cach-lam-phat-tac-dong-den-thi-truong-chung-khoan-tc\/#Lam_phat_anh_huong_den_thi_truong_chung_khoan_ra_sao\" title=\"L\u1ea1m ph\u00e1t \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n ra sao?\">L\u1ea1m ph\u00e1t \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n ra sao?<\/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\/5-cach-lam-phat-tac-dong-den-thi-truong-chung-khoan-tc\/#Co_phieu_se_thay_doi_nhu_the_nao_khi_lam_phat_cao\" title=\"C\u1ed5 phi\u1ebfu s\u1ebd thay \u0111\u1ed5i nh\u01b0 th\u1ebf n\u00e0o khi l\u1ea1m ph\u00e1t cao?\">C\u1ed5 phi\u1ebfu s\u1ebd thay \u0111\u1ed5i nh\u01b0 th\u1ebf n\u00e0o khi l\u1ea1m ph\u00e1t cao?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"Tom_tat_nhanh\"><\/span>T\u00f3m t\u1eaft nhanh<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\">T\u00e1c \u0111\u1ed9ng<\/th>\n<th colspan=\"1\" rowspan=\"1\">Nguy\u00ean nh\u00e2n ch\u00ednh<\/th>\n<th colspan=\"1\" rowspan=\"1\">K\u1ebft qu\u1ea3<\/th>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">L\u00e3i su\u1ea5t t\u0103ng<\/td>\n<td colspan=\"1\" rowspan=\"1\">Ki\u1ec3m so\u00e1t l\u1ea1m ph\u00e1t<\/td>\n<td colspan=\"1\" rowspan=\"1\">Gi\u00e1 c\u1ed5 phi\u1ebfu gi\u1ea3m, d\u00f2ng ti\u1ec1n chuy\u1ec3n sang tr\u00e1i phi\u1ebfu<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Chi ph\u00ed t\u0103ng<\/td>\n<td colspan=\"1\" rowspan=\"1\">Gi\u00e1 nguy\u00ean v\u1eadt li\u1ec7u cao<\/td>\n<td colspan=\"1\" rowspan=\"1\">L\u1ee3i nhu\u1eadn doanh nghi\u1ec7p gi\u1ea3m<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Thay \u0111\u1ed5i ti\u00eau d\u00f9ng<\/td>\n<td colspan=\"1\" rowspan=\"1\">\u01afu ti\u00ean nhu c\u1ea7u thi\u1ebft y\u1ebfu<\/td>\n<td colspan=\"1\" rowspan=\"1\">\u1ea2nh h\u01b0\u1edfng ng\u00e0nh xa x\u1ec9<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Ti\u1ec1n t\u1ec7 m\u1ea5t gi\u00e1<\/td>\n<td colspan=\"1\" rowspan=\"1\">L\u1ea1m ph\u00e1t cao<\/td>\n<td colspan=\"1\" rowspan=\"1\">Gi\u00e1 c\u1ed5 phi\u1ebfu gi\u1ea3m<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">T\u00e0i s\u1ea3n tr\u00fa \u1ea9n<\/td>\n<td colspan=\"1\" rowspan=\"1\">L\u1ea1m ph\u00e1t k\u00e9o d\u00e0i<\/td>\n<td colspan=\"1\" rowspan=\"1\">V\u00e0ng, b\u1ea5t \u0111\u1ed9ng s\u1ea3n \u0111\u01b0\u1ee3c \u01b0u ti\u00ean<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Hi\u1ec3u r\u00f5 nh\u1eefng t\u00e1c \u0111\u1ed9ng n\u00e0y s\u1ebd gi\u00fap b\u1ea1n x\u00e2y d\u1ef1ng chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 ph\u00f9 h\u1ee3p trong th\u1eddi k\u1ef3 l\u1ea1m ph\u00e1t.<\/p>\n<div class=\"sb-iframe-wrapper\" contenteditable=\"false\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"1_Lai_suat_tang_cao\"><\/span>1. L\u00e3i su\u1ea5t t\u0103ng cao<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Khi l\u1ea1m ph\u00e1t leo thang, ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng th\u01b0\u1eddng t\u0103ng l\u00e3i su\u1ea5t \u0111\u1ec3 ki\u1ec3m so\u00e1t t\u00ecnh h\u00ecnh. \u0110i\u1ec1u n\u00e0y khi\u1ebfn chi ph\u00ed vay v\u1ed1n c\u1ee7a doanh nghi\u1ec7p t\u0103ng l\u00ean, l\u00e0m gi\u1ea3m l\u1ee3i nhu\u1eadn, \u0111\u1eb7c bi\u1ec7t trong c\u00e1c ng\u00e0nh nh\u01b0 b\u1ea5t \u0111\u1ed9ng s\u1ea3n v\u00e0 h\u00e0ng ti\u00eau d\u00f9ng kh\u00f4ng thi\u1ebft y\u1ebfu.<\/p>\n<p>L\u00e3i su\u1ea5t cao c\u0169ng thay \u0111\u1ed5i c\u00e1ch nh\u00e0 \u0111\u1ea7u t\u01b0 ph\u00e2n b\u1ed5 d\u00f2ng ti\u1ec1n. Thay v\u00ec \u0111\u1ed5 v\u00e0o c\u1ed5 phi\u1ebfu, h\u1ecd th\u01b0\u1eddng chuy\u1ec3n sang c\u00e1c k\u00eanh \u0111\u1ea7u t\u01b0 c\u00f3 thu nh\u1eadp c\u1ed1 \u0111\u1ecbnh nh\u01b0 tr\u00e1i phi\u1ebfu. \u0110i\u1ec1u n\u00e0y g\u00e2y \u00e1p l\u1ef1c gi\u1ea3m gi\u00e1 tr\u00ean th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n.<\/p>\n<p>\u0110\u1ec3 h\u1ea1n ch\u1ebf t\u00e1c \u0111\u1ed9ng t\u1eeb l\u00e3i su\u1ea5t t\u0103ng, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 c\u00e2n nh\u1eafc:<\/p>\n<ul>\n<li><strong>\u0110a d\u1ea1ng h\u00f3a danh m\u1ee5c<\/strong> v\u1edbi c\u00e1c t\u00e0i s\u1ea3n ch\u1ed1ng ch\u1ecbu l\u1ea1m ph\u00e1t nh\u01b0 v\u00e0ng, h\u00e0ng h\u00f3a ho\u1eb7c REITs.<\/li>\n<li><strong>\u01afu ti\u00ean doanh nghi\u1ec7p c\u00f3 t\u00e0i ch\u00ednh \u1ed5n \u0111\u1ecbnh<\/strong> v\u00e0 t\u1ef7 l\u1ec7 n\u1ee3 th\u1ea5p.<\/li>\n<li><strong>Theo d\u00f5i s\u00e1t ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7<\/strong> \u0111\u1ec3 k\u1ecbp th\u1eddi \u0111i\u1ec1u ch\u1ec9nh chi\u1ebfn l\u01b0\u1ee3c.<\/li>\n<\/ul>\n<p>Ngo\u00e0i ra, c\u00e1c ng\u00e0nh nh\u01b0 ti\u1ec7n \u00edch v\u00e0 h\u00e0ng ti\u00eau d\u00f9ng thi\u1ebft y\u1ebfu th\u01b0\u1eddng \u00edt b\u1ecb \u1ea3nh h\u01b0\u1edfng b\u1edfi bi\u1ebfn \u0111\u1ed9ng l\u00e3i su\u1ea5t, n\u00ean c\u00f3 th\u1ec3 l\u00e0 l\u1ef1a ch\u1ecdn \u0111\u1ea7u t\u01b0 an to\u00e0n trong giai \u0111o\u1ea1n n\u00e0y. \u0110\u1eebng qu\u00ean r\u1eb1ng l\u1ea1m ph\u00e1t kh\u00f4ng ch\u1ec9 t\u00e1c \u0111\u1ed9ng \u0111\u1ebfn l\u00e3i su\u1ea5t m\u00e0 c\u00f2n l\u00e0m t\u0103ng chi ph\u00ed s\u1ea3n xu\u1ea5t, thay \u0111\u1ed5i gi\u00e1 c\u1ea3 v\u00e0 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn l\u1ee3i nhu\u1eadn c\u1ee7a doanh nghi\u1ec7p.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"2_Chi_phi_san_xuat_tang_cao\"><\/span>2. Chi ph\u00ed s\u1ea3n xu\u1ea5t t\u0103ng cao<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>L\u1ea1m ph\u00e1t khi\u1ebfn gi\u00e1 nguy\u00ean v\u1eadt li\u1ec7u v\u00e0 chi ph\u00ed nh\u00e2n c\u00f4ng leo thang, \u0111\u1eb7c bi\u1ec7t t\u00e1c \u0111\u1ed9ng m\u1ea1nh \u0111\u1ebfn c\u00e1c ng\u00e0nh d\u1ef1a nhi\u1ec1u v\u00e0o nguy\u00ean li\u1ec7u th\u00f4 ho\u1eb7c lao \u0111\u1ed9ng nh\u01b0 x\u00e2y d\u1ef1ng, s\u1ea3n xu\u1ea5t, y t\u1ebf v\u00e0 gi\u00e1o d\u1ee5c. \u0110i\u1ec1u n\u00e0y bu\u1ed9c doanh nghi\u1ec7p ph\u1ea3i ch\u1ecdn gi\u1eefa vi\u1ec7c gi\u1ea3m l\u1ee3i nhu\u1eadn ho\u1eb7c t\u0103ng gi\u00e1 b\u00e1n, c\u1ea3 hai \u0111\u1ec1u c\u00f3 th\u1ec3 g\u00e2y \u00e1p l\u1ef1c l\u00ean gi\u00e1 c\u1ed5 phi\u1ebfu.<\/p>\n<p>M\u1ed9t s\u1ed1 c\u00e1ch doanh nghi\u1ec7p c\u00f3 th\u1ec3 \u00e1p d\u1ee5ng \u0111\u1ec3 \u0111\u1ed1i ph\u00f3 v\u1edbi chi ph\u00ed t\u0103ng:<\/p>\n<ul>\n<li>\u0110a d\u1ea1ng h\u00f3a ngu\u1ed3n cung \u1ee9ng \u0111\u1ec3 gi\u1ea3m r\u1ee7i ro.<\/li>\n<li>\u0110\u1ea7u t\u01b0 v\u00e0o c\u00f4ng ngh\u1ec7 t\u1ef1 \u0111\u1ed9ng h\u00f3a nh\u1eb1m gi\u1ea3m ph\u1ee5 thu\u1ed9c v\u00e0o lao \u0111\u1ed9ng.<\/li>\n<li>Duy tr\u00ec ngu\u1ed3n ti\u1ec1n m\u1eb7t \u0111\u1ec3 \u0111\u1ed1i ph\u00f3 v\u1edbi bi\u1ebfn \u0111\u1ed9ng.<\/li>\n<\/ul>\n<p>\u0110\u1ed1i v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0, vi\u1ec7c theo d\u00f5i c\u00e1c ch\u1ec9 s\u1ed1 nh\u01b0 CPI v\u00e0 t\u1ed1c \u0111\u1ed9 t\u0103ng l\u01b0\u01a1ng c\u00f3 th\u1ec3 cung c\u1ea5p th\u00f4ng tin h\u1eefu \u00edch \u0111\u1ec3 \u0111\u00e1nh gi\u00e1 tri\u1ec3n v\u1ecdng c\u1ed5 phi\u1ebfu. M\u1ed9t chi\u1ebfn l\u01b0\u1ee3c n\u00ean c\u00e2n nh\u1eafc l\u00e0 t\u1eadp trung v\u00e0o c\u00e1c doanh nghi\u1ec7p c\u00f3 kh\u1ea3 n\u0103ng ki\u1ec3m so\u00e1t chi ph\u00ed t\u1ed1t v\u00e0 gi\u1eef \u0111\u01b0\u1ee3c l\u1ee3i nhu\u1eadn \u1ed5n \u0111\u1ecbnh trong b\u1ed1i c\u1ea3nh l\u1ea1m ph\u00e1t.<\/p>\n<p>B\u00ean c\u1ea1nh chi ph\u00ed s\u1ea3n xu\u1ea5t, l\u1ea1m ph\u00e1t c\u00f2n thay \u0111\u1ed5i h\u00e0nh vi ti\u00eau d\u00f9ng, t\u1ea1o ra nh\u1eefng th\u00e1ch th\u1ee9c m\u1edbi m\u00e0 c\u1ea3 doanh nghi\u1ec7p v\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n l\u01b0u \u00fd.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"3_Hanh_vi_tieu_dung_thay_doi\"><\/span>3. H\u00e0nh vi ti\u00eau d\u00f9ng thay \u0111\u1ed5i<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Chi ph\u00ed s\u1ea3n xu\u1ea5t t\u0103ng cao kh\u00f4ng ch\u1ec9 g\u00e2y \u00e1p l\u1ef1c l\u00ean doanh nghi\u1ec7p m\u00e0 c\u00f2n bu\u1ed9c ng\u01b0\u1eddi ti\u00eau d\u00f9ng ph\u1ea3i \u0111i\u1ec1u ch\u1ec9nh c\u00e1ch chi ti\u00eau. L\u1ea1m ph\u00e1t khi\u1ebfn nhi\u1ec1u ng\u01b0\u1eddi c\u1eaft gi\u1ea3m chi ph\u00ed, t\u1eadp trung v\u00e0o c\u00e1c nhu c\u1ea7u c\u01a1 b\u1ea3n, t\u1eeb \u0111\u00f3 t\u00e1c \u0111\u1ed9ng \u0111\u1ebfn hi\u1ec7u qu\u1ea3 kinh doanh v\u00e0 gi\u00e1 c\u1ed5 phi\u1ebfu.<\/p>\n<p>C\u00e1c ng\u00e0nh nh\u01b0 h\u00e0ng ti\u00eau d\u00f9ng thi\u1ebft y\u1ebfu v\u00e0 y t\u1ebf th\u01b0\u1eddng \u00edt b\u1ecb \u1ea3nh h\u01b0\u1edfng b\u1edfi l\u1ea1m ph\u00e1t do nhu c\u1ea7u lu\u00f4n \u1ed5n \u0111\u1ecbnh. Ng\u01b0\u1ee3c l\u1ea1i, c\u00e1c l\u0129nh v\u1ef1c nh\u01b0 du l\u1ecbch v\u00e0 b\u00e1n l\u1ebb xa x\u1ec9 ch\u1ecbu \u1ea3nh h\u01b0\u1edfng n\u1eb7ng n\u1ec1 khi ng\u01b0\u1eddi ti\u00eau d\u00f9ng gi\u1ea3m m\u1ea1nh chi ti\u00eau cho c\u00e1c s\u1ea3n ph\u1ea9m kh\u00f4ng c\u1ea7n thi\u1ebft.<\/p>\n<p>Ch\u1ec9 s\u1ed1 ni\u1ec1m tin ti\u00eau d\u00f9ng \u0111\u00f3ng vai tr\u00f2 quan tr\u1ecdng trong vi\u1ec7c \u0111\u00e1nh gi\u00e1 m\u1ee9c \u0111\u1ed9 t\u00e1c \u0111\u1ed9ng c\u1ee7a l\u1ea1m ph\u00e1t. Khi ni\u1ec1m tin \u1edf m\u1ee9c cao, ng\u01b0\u1eddi d\u00e2n v\u1eabn s\u1eb5n s\u00e0ng chi ti\u00eau, gi\u00fap gi\u1ea3m b\u1edbt nh\u1eefng \u1ea3nh h\u01b0\u1edfng ti\u00eau c\u1ef1c c\u1ee7a l\u1ea1m ph\u00e1t l\u00ean th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n.<\/p>\n<p>Nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean c\u00e2n nh\u1eafc t\u1eadp trung v\u00e0o c\u00e1c c\u00f4ng ty thu\u1ed9c ng\u00e0nh h\u00e0ng thi\u1ebft y\u1ebfu, n\u01a1i doanh thu c\u00f3 th\u1ec3 duy tr\u00ec \u1ed5n \u0111\u1ecbnh ngay c\u1ea3 trong b\u1ed1i c\u1ea3nh l\u1ea1m ph\u00e1t.<\/p>\n<p>B\u00ean c\u1ea1nh vi\u1ec7c thay \u0111\u1ed5i th\u00f3i quen ti\u00eau d\u00f9ng, l\u1ea1m ph\u00e1t c\u00f2n l\u00e0m gi\u1ea3m gi\u00e1 tr\u1ecb \u0111\u1ed3ng ti\u1ec1n, g\u00e2y ra nh\u1eefng bi\u1ebfn \u0111\u1ed9ng l\u1edbn tr\u00ean th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"4_Gia_tri_tien_te_thay_doi\"><\/span>4. Gi\u00e1 tr\u1ecb ti\u1ec1n t\u1ec7 thay \u0111\u1ed5i<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Khi gi\u00e1 tr\u1ecb ti\u1ec1n t\u1ec7 gi\u1ea3m, nh\u00e0 \u0111\u1ea7u t\u01b0 th\u01b0\u1eddng y\u00eau c\u1ea7u m\u1ee9c l\u1ee3i nhu\u1eadn cao h\u01a1n, t\u1ea1o \u00e1p l\u1ef1c khi\u1ebfn gi\u00e1 c\u1ed5 phi\u1ebfu gi\u1ea3m xu\u1ed1ng. L\u00e3i su\u1ea5t t\u0103ng c\u0169ng l\u00e0m chi ph\u00ed v\u1ed1n t\u0103ng, \u1ea3nh h\u01b0\u1edfng ti\u00eau c\u1ef1c \u0111\u1ebfn l\u1ee3i nhu\u1eadn doanh nghi\u1ec7p v\u00e0 gi\u00e1 c\u1ed5 phi\u1ebfu.<\/p>\n<p>C\u00e1c doanh nghi\u1ec7p ho\u1ea1t \u0111\u1ed9ng trong l\u0129nh v\u1ef1c xu\u1ea5t nh\u1eadp kh\u1ea9u th\u01b0\u1eddng b\u1ecb \u1ea3nh h\u01b0\u1edfng theo nhi\u1ec1u chi\u1ec1u t\u1eeb bi\u1ebfn \u0111\u1ed9ng ti\u1ec1n t\u1ec7. \u0110\u1ec3 gi\u1ea3m thi\u1ec3u r\u1ee7i ro, nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean c\u00e2n nh\u1eafc \u0111a d\u1ea1ng h\u00f3a danh m\u1ee5c b\u1eb1ng c\u00e1ch th\u00eam c\u00e1c t\u00e0i s\u1ea3n \u00edt b\u1ecb \u1ea3nh h\u01b0\u1edfng b\u1edfi l\u1ea1m ph\u00e1t, ch\u1eb3ng h\u1ea1n nh\u01b0 b\u1ea5t \u0111\u1ed9ng s\u1ea3n ho\u1eb7c h\u00e0ng h\u00f3a.<\/p>\n<p>M\u1ed9t chi\u1ebfn l\u01b0\u1ee3c quan tr\u1ecdng l\u00e0 t\u1eadp trung v\u00e0o nh\u1eefng doanh nghi\u1ec7p c\u00f3 kh\u1ea3 n\u0103ng chuy\u1ec3n ph\u1ea7n chi ph\u00ed t\u0103ng th\u00eam sang ng\u01b0\u1eddi ti\u00eau d\u00f9ng m\u00e0 kh\u00f4ng l\u00e0m gi\u1ea3m doanh s\u1ed1. Trong th\u1eddi k\u1ef3 l\u1ea1m ph\u00e1t, vi\u1ec7c nh\u1ea7m l\u1eabn gi\u1eefa gi\u00e1 tr\u1ecb danh ngh\u0129a v\u00e0 gi\u00e1 tr\u1ecb th\u1ef1c c\u1ee7a c\u1ed5 phi\u1ebfu c\u00f3 th\u1ec3 khi\u1ebfn nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u1ecbnh gi\u00e1 sai.<\/p>\n<p>Nh\u1eefng bi\u1ebfn \u0111\u1ed9ng n\u00e0y th\u01b0\u1eddng th\u00fac \u0111\u1ea9y nh\u00e0 \u0111\u1ea7u t\u01b0 chuy\u1ec3n sang c\u00e1c t\u00e0i s\u1ea3n an to\u00e0n h\u01a1n \u0111\u1ec3 b\u1ea3o to\u00e0n gi\u00e1 tr\u1ecb.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"5_Chuyen_dich_sang_tai_san_tru_an_an_toan\"><\/span>5. Chuy\u1ec3n d\u1ecbch sang t\u00e0i s\u1ea3n tr\u00fa \u1ea9n an to\u00e0n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>V\u00e0ng th\u01b0\u1eddng \u0111\u01b0\u1ee3c xem l\u00e0 m\u1ed9t l\u1ef1a ch\u1ecdn t\u1ed1t khi l\u1ea1m ph\u00e1t t\u0103ng cao, nh\u1edd m\u1ed1i t\u01b0\u01a1ng quan m\u1ea1nh v\u1edbi ch\u1ec9 s\u1ed1 CPI (h\u1ec7 s\u1ed1 0,63 trong giai \u0111o\u1ea1n 1971-2020). Trong khi \u0111\u00f3, c\u1ed5 phi\u1ebfu l\u1ea1i ch\u1ecbu \u1ea3nh h\u01b0\u1edfng ti\u00eau c\u1ef1c. Theo nghi\u00ean c\u1ee9u t\u1eeb Ng\u00e2n h\u00e0ng D\u1ef1 tr\u1eef Li\u00ean bang St. Louis, khi l\u1ea1m ph\u00e1t v\u01b0\u1ee3t m\u1ee9c 4%, ch\u1ec9 s\u1ed1 S&amp;P 500 th\u01b0\u1eddng ghi nh\u1eadn m\u1ee9c l\u1ee3i nhu\u1eadn trung b\u00ecnh \u00e2m 2,5% m\u1ed7i n\u0103m.<\/p>\n<table>\n<colgroup>\n<col \/>\n<col \/>\n<col \/><\/colgroup>\n<tbody>\n<tr>\n<th colspan=\"1\" rowspan=\"1\">T\u00e0i s\u1ea3n<\/th>\n<th colspan=\"1\" rowspan=\"1\">Kh\u1ea3 n\u0103ng ch\u1ed1ng l\u1ea1m ph\u00e1t<\/th>\n<th colspan=\"1\" rowspan=\"1\">\u1ea2nh h\u01b0\u1edfng \u0111\u1ebfn th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n<\/th>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\"><strong>V\u00e0ng<\/strong><\/td>\n<td colspan=\"1\" rowspan=\"1\">B\u1ea3o to\u00e0n gi\u00e1 tr\u1ecb th\u1ef1c, t\u0103ng gi\u00e1 khi USD m\u1ea5t gi\u00e1<\/td>\n<td colspan=\"1\" rowspan=\"1\">H\u00fat d\u00f2ng ti\u1ec1n ra kh\u1ecfi c\u1ed5 phi\u1ebfu<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\"><strong>Tr\u00e1i phi\u1ebfu<\/strong><\/td>\n<td colspan=\"1\" rowspan=\"1\">L\u00e3i su\u1ea5t cao h\u01a1n gi\u00fap b\u00f9 \u0111\u1eafp l\u1ea1m ph\u00e1t<\/td>\n<td colspan=\"1\" rowspan=\"1\">C\u1ea1nh tranh v\u1ed1n v\u1edbi c\u1ed5 phi\u1ebfu<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\"><strong>B\u1ea5t \u0111\u1ed9ng s\u1ea3n<\/strong><\/td>\n<td colspan=\"1\" rowspan=\"1\">Thu nh\u1eadp t\u1eeb cho thu\u00ea t\u0103ng theo l\u1ea1m ph\u00e1t<\/td>\n<td colspan=\"1\" rowspan=\"1\">L\u00e0m gi\u1ea3m thanh kho\u1ea3n th\u1ecb tr\u01b0\u1eddng<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Ngo\u00e0i vi\u1ec7c \u0111a d\u1ea1ng h\u00f3a danh m\u1ee5c \u0111\u00e3 \u0111\u1ec1 c\u1eadp tr\u01b0\u1edbc \u0111\u00f3, nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean c\u00e2n nh\u1eafc ph\u00e2n b\u1ed5 m\u1ed9t ph\u1ea7n t\u00e0i s\u1ea3n v\u00e0o c\u00e1c k\u00eanh tr\u00fa \u1ea9n nh\u01b0 v\u00e0ng, tr\u00e1i phi\u1ebfu ho\u1eb7c b\u1ea5t \u0111\u1ed9ng s\u1ea3n. \u0110\u1ed3ng th\u1eddi, gi\u1eef l\u1ea1i c\u1ed5 phi\u1ebfu c\u1ee7a c\u00e1c doanh nghi\u1ec7p c\u00f3 n\u1ec1n t\u1ea3ng v\u1eefng ch\u1eafc c\u0169ng l\u00e0 c\u00e1ch hi\u1ec7u qu\u1ea3 \u0111\u1ec3 gi\u1ea3m thi\u1ec3u r\u1ee7i ro. Vi\u1ec7c ph\u00e2n b\u1ed5 h\u1ee3p l\u00fd kh\u00f4ng ch\u1ec9 b\u1ea3o v\u1ec7 danh m\u1ee5c m\u00e0 c\u00f2n m\u1edf ra c\u01a1 h\u1ed9i t\u0103ng tr\u01b0\u1edfng \u1ed5n \u0111\u1ecbnh trong d\u00e0i h\u1ea1n.<\/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>L\u1ea1m ph\u00e1t \u1ea3nh h\u01b0\u1edfng \u0111a chi\u1ec1u \u0111\u1ebfn th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n, t\u1eeb vi\u1ec7c l\u00e0m t\u0103ng chi ph\u00ed s\u1ea3n xu\u1ea5t \u0111\u1ebfn thay \u0111\u1ed5i h\u00e0nh vi ti\u00eau d\u00f9ng, khi\u1ebfn nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n c\u00f3 chi\u1ebfn l\u01b0\u1ee3c \u0111i\u1ec1u ch\u1ec9nh h\u1ee3p l\u00fd. C\u00e1c t\u00e1c \u0111\u1ed9ng n\u00e0y \u0111\u00e3 \u0111\u01b0\u1ee3c ph\u00e2n t\u00edch qua nhi\u1ec1u kh\u00eda c\u1ea1nh, t\u1eeb vi\u1ec7c l\u00e3i su\u1ea5t t\u0103ng cao \u0111\u1ebfn xu h\u01b0\u1edbng chuy\u1ec3n d\u1ecbch sang c\u00e1c t\u00e0i s\u1ea3n an to\u00e0n.<\/p>\n<p>\u0110\u1ec3 gi\u1ea3m thi\u1ec3u r\u1ee7i ro trong b\u1ed1i c\u1ea3nh l\u1ea1m ph\u00e1t cao, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 c\u00e2n nh\u1eafc c\u00e1c chi\u1ebfn l\u01b0\u1ee3c sau:<\/p>\n<ul>\n<li><strong>Ph\u00e2n b\u1ed5 danh m\u1ee5c \u0111\u1ea7u t\u01b0<\/strong> v\u00e0o nhi\u1ec1u lo\u1ea1i t\u00e0i s\u1ea3n nh\u01b0 c\u1ed5 phi\u1ebfu, tr\u00e1i phi\u1ebfu v\u00e0 h\u00e0ng h\u00f3a.<\/li>\n<li><strong>T\u1eadp trung v\u00e0o c\u00e1c l\u0129nh v\u1ef1c<\/strong> \u00edt ch\u1ecbu \u1ea3nh h\u01b0\u1edfng b\u1edfi l\u1ea1m ph\u00e1t, ch\u1eb3ng h\u1ea1n nh\u01b0 n\u0103ng l\u01b0\u1ee3ng ho\u1eb7c b\u1ea5t \u0111\u1ed9ng s\u1ea3n.<\/li>\n<li><strong>Theo d\u00f5i s\u00e1t sao<\/strong> c\u00e1c ch\u1ec9 s\u1ed1 l\u1ea1m ph\u00e1t v\u00e0 \u0111i\u1ec1u ch\u1ec9nh danh m\u1ee5c \u0111\u1ea7u t\u01b0 khi c\u1ea7n thi\u1ebft.<\/li>\n<\/ul>\n<p><a class=\"\" href=\"https:\/\/infina.vn\/\" target=\"_blank\" rel=\"noopener noreferrer\">Infina<\/a> mang \u0111\u1ebfn gi\u1ea3i ph\u00e1p qu\u1ea3n l\u00fd t\u00e0i s\u1ea3n hi\u1ec7u qu\u1ea3 trong th\u1eddi k\u1ef3 l\u1ea1m ph\u00e1t, v\u1edbi kh\u1ea3 n\u0103ng \u0111\u1ea7u t\u01b0 linh ho\u1ea1t, sinh l\u1eddi m\u1ed7i ng\u00e0y.<\/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<table>\n<colgroup>\n<col \/>\n<col \/><\/colgroup>\n<tbody>\n<tr>\n<th colspan=\"1\" rowspan=\"1\">Chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0<\/th>\n<th colspan=\"1\" rowspan=\"1\">M\u1ee5c ti\u00eau ch\u00ednh<\/th>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Ph\u00e2n b\u1ed5 t\u00e0i s\u1ea3n<\/td>\n<td colspan=\"1\" rowspan=\"1\">H\u1ea1n ch\u1ebf r\u1ee7i ro<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Qu\u1ea3n l\u00fd danh m\u1ee5c<\/td>\n<td colspan=\"1\" rowspan=\"1\">T\u0103ng hi\u1ec7u su\u1ea5t \u0111\u1ea7u t\u01b0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">B\u1ea3o to\u00e0n gi\u00e1 tr\u1ecb<\/td>\n<td colspan=\"1\" rowspan=\"1\">Ch\u1ed1ng l\u1ea1i t\u00e1c \u0111\u1ed9ng c\u1ee7a l\u1ea1m ph\u00e1t<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Vi\u1ec7c hi\u1ec3u r\u00f5 m\u1ed1i quan h\u1ec7 gi\u1eefa l\u1ea1m ph\u00e1t v\u00e0 th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n l\u00e0 y\u1ebfu t\u1ed1 quan tr\u1ecdng \u0111\u1ec3 \u0111\u01b0a ra quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0 \u0111\u00fang \u0111\u1eafn. K\u1ebft h\u1ee3p ki\u1ebfn th\u1ee9c th\u1ecb tr\u01b0\u1eddng v\u1edbi c\u00e1c chi\u1ebfn l\u01b0\u1ee3c ph\u00f9 h\u1ee3p kh\u00f4ng ch\u1ec9 gi\u00fap b\u1ea3o v\u1ec7 t\u00e0i s\u1ea3n m\u00e0 c\u00f2n m\u1edf ra c\u01a1 h\u1ed9i t\u0103ng tr\u01b0\u1edfng b\u1ec1n v\u1eefng trong d\u00e0i h\u1ea1n.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>D\u01b0\u1edbi \u0111\u00e2y l\u00e0 m\u1ed9t s\u1ed1 c\u00e2u h\u1ecfi th\u01b0\u1eddng g\u1eb7p gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 n\u1eafm r\u00f5 h\u01a1n v\u1ec1 t\u00e1c \u0111\u1ed9ng c\u1ee7a l\u1ea1m ph\u00e1t \u0111\u1ebfn th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n v\u00e0 c\u00e1ch \u1ee9ng ph\u00f3.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Lam_phat_anh_huong_den_thi_truong_chung_khoan_ra_sao\"><\/span>L\u1ea1m ph\u00e1t \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n ra sao?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>L\u1ea1m ph\u00e1t v\u00e0 th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n c\u00f3 m\u1ed1i quan h\u1ec7 ph\u1ee9c t\u1ea1p. Khi l\u1ea1m ph\u00e1t t\u0103ng, th\u1ecb tr\u01b0\u1eddng th\u01b0\u1eddng ch\u1ecbu \u1ea3nh h\u01b0\u1edfng ti\u00eau c\u1ef1c b\u1edfi chi ph\u00ed vay v\u1ed1n cao h\u01a1n, bi\u00ean l\u1ee3i nhu\u1eadn doanh nghi\u1ec7p gi\u1ea3m v\u00e0 \u00e1p l\u1ef1c \u0111\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu do nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u00f2i h\u1ecfi l\u1ee3i su\u1ea5t cao h\u01a1n.<\/p>\n<p>M\u1ed9t s\u1ed1 t\u00e1c \u0111\u1ed9ng ch\u00ednh:<\/p>\n<ul>\n<li><strong>L\u00e3i su\u1ea5t t\u0103ng<\/strong>: L\u00e0m chi ph\u00ed vay v\u1ed1n c\u1ee7a doanh nghi\u1ec7p cao h\u01a1n.<\/li>\n<li><strong>Bi\u00ean l\u1ee3i nhu\u1eadn gi\u1ea3m<\/strong>: Do chi ph\u00ed s\u1ea3n xu\u1ea5t v\u00e0 v\u1eadn h\u00e0nh t\u0103ng.<\/li>\n<li><strong>\u0110\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu gi\u1ea3m<\/strong>: Nh\u00e0 \u0111\u1ea7u t\u01b0 y\u00eau c\u1ea7u m\u1ee9c l\u1ee3i su\u1ea5t cao h\u01a1n.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Co_phieu_se_thay_doi_nhu_the_nao_khi_lam_phat_cao\"><\/span>C\u1ed5 phi\u1ebfu s\u1ebd thay \u0111\u1ed5i nh\u01b0 th\u1ebf n\u00e0o khi l\u1ea1m ph\u00e1t cao?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Trong giai \u0111o\u1ea1n l\u1ea1m ph\u00e1t cao, th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n th\u01b0\u1eddng c\u00f3 nh\u1eefng \u0111\u1eb7c \u0111i\u1ec3m sau:<\/p>\n<ul>\n<li><strong>C\u1ed5 phi\u1ebfu gi\u00e1 tr\u1ecb<\/strong>: Th\u01b0\u1eddng ho\u1ea1t \u0111\u1ed9ng t\u1ed1t h\u01a1n so v\u1edbi c\u1ed5 phi\u1ebfu t\u1eadp trung v\u00e0o t\u0103ng tr\u01b0\u1edfng.<\/li>\n<li><strong>Bi\u1ebfn \u0111\u1ed9ng t\u0103ng<\/strong>: T\u00e2m l\u00fd nh\u00e0 \u0111\u1ea7u t\u01b0 tr\u1edf n\u00ean th\u1eadn tr\u1ecdng h\u01a1n.<\/li>\n<li><strong>D\u00f2ng ti\u1ec1n chuy\u1ec3n h\u01b0\u1edbng<\/strong>: Nhi\u1ec1u nh\u00e0 \u0111\u1ea7u t\u01b0 t\u00ecm \u0111\u1ebfn c\u00e1c t\u00e0i s\u1ea3n an to\u00e0n h\u01a1n.<\/li>\n<\/ul>\n<p>V\u00ed d\u1ee5, t\u1ea1i Vi\u1ec7t Nam n\u0103m 2008, l\u1ea1m ph\u00e1t cao khi\u1ebfn VN-Index gi\u1ea3m m\u1ea1nh. Tuy nhi\u00ean, khi l\u1ea1m ph\u00e1t \u0111\u01b0\u1ee3c ki\u1ec3m so\u00e1t v\u00e0o n\u0103m 2009, th\u1ecb tr\u01b0\u1eddng \u0111\u00e3 ph\u1ee5c h\u1ed3i.<\/p>\n<p>Hi\u1ec3u r\u00f5 c\u00e1c \u1ea3nh h\u01b0\u1edfng n\u00e0y s\u1ebd gi\u00fap b\u1ea1n x\u00e2y d\u1ef1ng chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 hi\u1ec7u qu\u1ea3 h\u01a1n trong th\u1eddi k\u1ef3 l\u1ea1m ph\u00e1t.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>L&#7841;m ph&aacute;t t&aacute;c &#273;&#7897;ng m&#7841;nh &#273;&#7871;n th&#7883; tr&#432;&#7901;ng ch&#7913;ng kho&aacute;n, g&acirc;y ra nhi&#7873;u thay &#273;&#7893;i quan tr&#7885;ng m&agrave; nh&agrave; &#273;&#7847;u t&#432; c&#7847;n l&#432;u &yacute;. D&#432;&#7899;i &#273;&acirc;y l&agrave; 5 c&aacute;ch l&#7841;m ph&aacute;t &#7843;nh h&#432;&#7903;ng tr&#7921;c ti&#7871;p: L&atilde;i su&#7845;t t&#259;ng cao: Ng&acirc;n h&agrave;ng trung &#432;&#417;ng t&#259;ng l&atilde;i su&#7845;t &#273;&#7875; ki&#7875;m so&aacute;t l&#7841;m ph&aacute;t, khi&#7871;n chi ph&iacute; vay [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":26067,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-26066","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-kien-thuc-tai-chinh"},"_links":{"self":[{"href":"https:\/\/infina.vn\/blog\/wp-json\/wp\/v2\/posts\/26066","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=26066"}],"version-history":[{"count":0,"href":"https:\/\/infina.vn\/blog\/wp-json\/wp\/v2\/posts\/26066\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/infina.vn\/blog\/wp-json\/wp\/v2\/media\/26067"}],"wp:attachment":[{"href":"https:\/\/infina.vn\/blog\/wp-json\/wp\/v2\/media?parent=26066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infina.vn\/blog\/wp-json\/wp\/v2\/categories?post=26066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infina.vn\/blog\/wp-json\/wp\/v2\/tags?post=26066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}