{"id":26106,"date":"2025-02-11T17:11:16","date_gmt":"2025-02-11T10:11:16","guid":{"rendered":"http:\/\/infina.vn\/blog\/?p=26106"},"modified":"2025-02-11T17:11:16","modified_gmt":"2025-02-11T10:11:16","slug":"ty-gia-vnd-va-lam-phat-7-so-lieu-quan-trong-tc","status":"publish","type":"post","link":"https:\/\/infina.vn\/blog\/ty-gia-vnd-va-lam-phat-7-so-lieu-quan-trong-tc\/","title":{"rendered":"T\u1ef7 Gi\u00e1 VND V\u00e0 L\u1ea1m Ph\u00e1t: 7 S\u1ed1 Li\u1ec7u Quan Tr\u1ecdng"},"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;26106&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;T\u1ef7 Gi\u00e1 VND V\u00e0 L\u1ea1m Ph\u00e1t: 7 S\u1ed1 Li\u1ec7u Quan Tr\u1ecdng&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>T\u1ef7 gi\u00e1 VND v\u00e0 l\u1ea1m ph\u00e1t \u0111ang l\u00e0 nh\u1eefng y\u1ebfu t\u1ed1 kinh t\u1ebf c\u1ea7n quan t\u00e2m nh\u1ea5t n\u0103m 2025.<\/strong> L\u1ea1m ph\u00e1t \u0111\u01b0\u1ee3c d\u1ef1 b\u00e1o dao \u0111\u1ed9ng t\u1eeb <strong>3,0% \u0111\u1ebfn 3,5%<\/strong>, trong khi t\u1ef7 gi\u00e1 USD\/VND c\u00f3 th\u1ec3 n\u1eb1m trong kho\u1ea3ng <strong>25.500 &#8211; 25.800<\/strong> trong qu\u00fd I. D\u01b0\u1edbi \u0111\u00e2y l\u00e0 7 ch\u1ec9 s\u1ed1 quan tr\u1ecdng \u0111\u1ec3 hi\u1ec3u r\u00f5 h\u01a1n v\u1ec1 bi\u1ebfn \u0111\u1ed9ng n\u00e0y:<\/p>\n<ul>\n<li><strong>L\u1ea1m ph\u00e1t c\u01a1 b\u1ea3n:<\/strong> D\u1ef1 b\u00e1o 3,1%-3,3% trong qu\u00fd I\/2025, \u1ea3nh h\u01b0\u1edfng l\u1edbn t\u1eeb gi\u00e1 nh\u00e0 \u1edf v\u00e0 gi\u00e1o d\u1ee5c.<\/li>\n<li><strong>T\u1ef7 gi\u00e1 USD\/VND:<\/strong> Ch\u1ecbu t\u00e1c \u0111\u1ed9ng b\u1edfi l\u00e3i su\u1ea5t Fed (5,25%-5,5%) v\u00e0 ch\u1ec9 s\u1ed1 USD (DXY) g\u1ea7n 109 \u0111i\u1ec3m.<\/li>\n<li><strong>Ch\u00eanh l\u1ec7ch l\u00e3i su\u1ea5t:<\/strong> \u0110ang \u1edf m\u1ee9c 0,75%-1%, c\u00f3 kh\u1ea3 n\u0103ng thu h\u1eb9p trong n\u1eeda cu\u1ed1i n\u0103m.<\/li>\n<li><strong>Gi\u00e1 h\u00e0ng h\u00f3a to\u00e0n c\u1ea7u:<\/strong> D\u1ef1 b\u00e1o gi\u1ea3m 1%-5%, nh\u01b0ng gi\u00e1 d\u1ea7u th\u00f4 v\u1eabn \u1edf m\u1ee9c 81 USD\/th\u00f9ng.<\/li>\n<li><strong>Th\u1eb7ng d\u01b0 th\u01b0\u01a1ng m\u1ea1i:<\/strong> +3,03 t\u1ef7 USD (th\u00e1ng 1\/2025), t\u1ea1o n\u1ec1n t\u1ea3ng \u1ed5n \u0111\u1ecbnh cho t\u1ef7 gi\u00e1.<\/li>\n<li><strong>D\u1ef1 b\u00e1o l\u1ea1m ph\u00e1t 2025:<\/strong> Ba k\u1ecbch b\u1ea3n v\u1edbi CPI t\u1eeb 2,7% \u0111\u1ebfn 3,3%.<\/li>\n<li><strong>So s\u00e1nh khu v\u1ef1c:<\/strong> L\u1ea1m ph\u00e1t Vi\u1ec7t Nam th\u1ea5p h\u01a1n Philippines (4,2%) nh\u01b0ng cao h\u01a1n Th\u00e1i Lan (1,2%).<\/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\/ty-gia-vnd-va-lam-phat-7-so-lieu-quan-trong-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\/ty-gia-vnd-va-lam-phat-7-so-lieu-quan-trong-tc\/#1_Bien_dong_gia_tri_VND_so_voi_ty_le_lam_phat\" title=\"1. Bi\u1ebfn \u0111\u1ed9ng gi\u00e1 tr\u1ecb VND so v\u1edbi t\u1ef7 l\u1ec7 l\u1ea1m ph\u00e1t\">1. Bi\u1ebfn \u0111\u1ed9ng gi\u00e1 tr\u1ecb VND so v\u1edbi t\u1ef7 l\u1ec7 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-3\" href=\"https:\/\/infina.vn\/blog\/ty-gia-vnd-va-lam-phat-7-so-lieu-quan-trong-tc\/#Cac_chi_so_kinh_te_noi_bat_nam_2024\" title=\"C\u00e1c ch\u1ec9 s\u1ed1 kinh t\u1ebf n\u1ed5i b\u1eadt n\u0103m 2024\">C\u00e1c ch\u1ec9 s\u1ed1 kinh t\u1ebf n\u1ed5i b\u1eadt n\u0103m 2024<\/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\/ty-gia-vnd-va-lam-phat-7-so-lieu-quan-trong-tc\/#Cac_yeu_to_tac_dong_chinh\" title=\"C\u00e1c y\u1ebfu t\u1ed1 t\u00e1c \u0111\u1ed9ng ch\u00ednh\">C\u00e1c y\u1ebfu t\u1ed1 t\u00e1c \u0111\u1ed9ng 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-5\" href=\"https:\/\/infina.vn\/blog\/ty-gia-vnd-va-lam-phat-7-so-lieu-quan-trong-tc\/#2_Trien_vong_ty_gia_USDVND_Quy_I2025\" title=\"2. Tri\u1ec3n v\u1ecdng t\u1ef7 gi\u00e1 USD\/VND: Qu\u00fd I\/2025\">2. Tri\u1ec3n v\u1ecdng t\u1ef7 gi\u00e1 USD\/VND: Qu\u00fd I\/2025<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/infina.vn\/blog\/ty-gia-vnd-va-lam-phat-7-so-lieu-quan-trong-tc\/#Cac_yeu_to_chinh_anh_huong_den_ty_gia\" title=\"C\u00e1c y\u1ebfu t\u1ed1 ch\u00ednh \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn t\u1ef7 gi\u00e1\">C\u00e1c y\u1ebfu t\u1ed1 ch\u00ednh \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn 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-7\" href=\"https:\/\/infina.vn\/blog\/ty-gia-vnd-va-lam-phat-7-so-lieu-quan-trong-tc\/#Cac_giai_phap_on_dinh_ty_gia\" title=\"C\u00e1c gi\u1ea3i ph\u00e1p \u1ed5n \u0111\u1ecbnh t\u1ef7 gi\u00e1\">C\u00e1c gi\u1ea3i ph\u00e1p \u1ed5n \u0111\u1ecbnh t\u1ef7 gi\u00e1<\/a><\/li><\/ul><\/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\/ty-gia-vnd-va-lam-phat-7-so-lieu-quan-trong-tc\/#3_Du_Lieu_Lam_Phat_Co_Ban\" title=\"3. D\u1eef Li\u1ec7u L\u1ea1m Ph\u00e1t C\u01a1 B\u1ea3n\">3. D\u1eef Li\u1ec7u L\u1ea1m Ph\u00e1t C\u01a1 B\u1ea3n<\/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\/ty-gia-vnd-va-lam-phat-7-so-lieu-quan-trong-tc\/#Cach_Tinh_Lam_Phat_Co_Ban\" title=\"C\u00e1ch T\u00ednh L\u1ea1m Ph\u00e1t C\u01a1 B\u1ea3n\">C\u00e1ch T\u00ednh L\u1ea1m Ph\u00e1t C\u01a1 B\u1ea3n<\/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\/ty-gia-vnd-va-lam-phat-7-so-lieu-quan-trong-tc\/#So_Lieu_Lam_Phat_Co_Ban_2024-2025\" title=\"S\u1ed1 Li\u1ec7u L\u1ea1m Ph\u00e1t C\u01a1 B\u1ea3n 2024-2025\">S\u1ed1 Li\u1ec7u L\u1ea1m Ph\u00e1t C\u01a1 B\u1ea3n 2024-2025<\/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\/ty-gia-vnd-va-lam-phat-7-so-lieu-quan-trong-tc\/#Cac_Yeu_To_Tac_Dong_Chinh\" title=\"C\u00e1c Y\u1ebfu T\u1ed1 T\u00e1c \u0110\u1ed9ng Ch\u00ednh\">C\u00e1c Y\u1ebfu T\u1ed1 T\u00e1c \u0110\u1ed9ng 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\/ty-gia-vnd-va-lam-phat-7-so-lieu-quan-trong-tc\/#So_Sanh_Voi_Cac_Nuoc_ASEAN\" title=\"So S\u00e1nh V\u1edbi C\u00e1c N\u01b0\u1edbc ASEAN\">So S\u00e1nh V\u1edbi C\u00e1c N\u01b0\u1edbc ASEAN<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/infina.vn\/blog\/ty-gia-vnd-va-lam-phat-7-so-lieu-quan-trong-tc\/#4_Chenh_Lech_Lai_Suat_Giua_Cac_Ngan_Hang\" title=\"4. Ch\u00eanh L\u1ec7ch L\u00e3i Su\u1ea5t Gi\u1eefa C\u00e1c Ng\u00e2n H\u00e0ng\">4. Ch\u00eanh L\u1ec7ch L\u00e3i Su\u1ea5t Gi\u1eefa C\u00e1c Ng\u00e2n H\u00e0ng<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/infina.vn\/blog\/ty-gia-vnd-va-lam-phat-7-so-lieu-quan-trong-tc\/#Lai_Suat_Trong_He_Thong_Ngan_Hang_Viet_Nam\" title=\"L\u00e3i Su\u1ea5t Trong H\u1ec7 Th\u1ed1ng Ng\u00e2n H\u00e0ng Vi\u1ec7t Nam\">L\u00e3i Su\u1ea5t Trong H\u1ec7 Th\u1ed1ng Ng\u00e2n H\u00e0ng Vi\u1ec7t Nam<\/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\/ty-gia-vnd-va-lam-phat-7-so-lieu-quan-trong-tc\/#Du_Bao_Xu_Huong_Nam_2025\" title=\"D\u1ef1 B\u00e1o Xu H\u01b0\u1edbng N\u0103m 2025\">D\u1ef1 B\u00e1o Xu H\u01b0\u1edbng N\u0103m 2025<\/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\/ty-gia-vnd-va-lam-phat-7-so-lieu-quan-trong-tc\/#So_Sanh_Voi_Cac_Nuoc_Trong_Khu_Vuc\" title=\"So S\u00e1nh V\u1edbi C\u00e1c N\u01b0\u1edbc Trong Khu V\u1ef1c\">So S\u00e1nh V\u1edbi C\u00e1c N\u01b0\u1edbc Trong Khu V\u1ef1c<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/infina.vn\/blog\/ty-gia-vnd-va-lam-phat-7-so-lieu-quan-trong-tc\/#Cac_Bien_Phap_Dieu_Tiet\" title=\"C\u00e1c Bi\u1ec7n Ph\u00e1p \u0110i\u1ec1u Ti\u1ebft\">C\u00e1c Bi\u1ec7n Ph\u00e1p \u0110i\u1ec1u Ti\u1ebft<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/infina.vn\/blog\/ty-gia-vnd-va-lam-phat-7-so-lieu-quan-trong-tc\/#5_Xu_Huong_Gia_Ca_Thi_Truong_The_Gioi\" title=\"5. Xu H\u01b0\u1edbng Gi\u00e1 C\u1ea3 Th\u1ecb Tr\u01b0\u1eddng Th\u1ebf Gi\u1edbi\">5. Xu H\u01b0\u1edbng Gi\u00e1 C\u1ea3 Th\u1ecb Tr\u01b0\u1eddng Th\u1ebf Gi\u1edbi<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/infina.vn\/blog\/ty-gia-vnd-va-lam-phat-7-so-lieu-quan-trong-tc\/#Du_Bao_Gia_Hang_Hoa_Toan_Cau_2025\" title=\"D\u1ef1 B\u00e1o Gi\u00e1 H\u00e0ng H\u00f3a To\u00e0n C\u1ea7u 2025\">D\u1ef1 B\u00e1o Gi\u00e1 H\u00e0ng H\u00f3a To\u00e0n C\u1ea7u 2025<\/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\/ty-gia-vnd-va-lam-phat-7-so-lieu-quan-trong-tc\/#Tac_Dong_Cua_Gia_Dau\" title=\"T\u00e1c \u0110\u1ed9ng C\u1ee7a Gi\u00e1 D\u1ea7u\">T\u00e1c \u0110\u1ed9ng C\u1ee7a Gi\u00e1 D\u1ea7u<\/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\/ty-gia-vnd-va-lam-phat-7-so-lieu-quan-trong-tc\/#Chi_So_DXY_Va_Ap_Luc_Kep\" title=\"Ch\u1ec9 S\u1ed1 DXY V\u00e0 \u00c1p L\u1ef1c K\u00e9p\">Ch\u1ec9 S\u1ed1 DXY V\u00e0 \u00c1p L\u1ef1c K\u00e9p<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/infina.vn\/blog\/ty-gia-vnd-va-lam-phat-7-so-lieu-quan-trong-tc\/#Rui_Ro_Dia_Chinh_Tri\" title=\"R\u1ee7i Ro \u0110\u1ecba Ch\u00ednh Tr\u1ecb\">R\u1ee7i Ro \u0110\u1ecba Ch\u00ednh Tr\u1ecb<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/infina.vn\/blog\/ty-gia-vnd-va-lam-phat-7-so-lieu-quan-trong-tc\/#Giai_Phap_Cho_Doanh_Nghiep\" title=\"Gi\u1ea3i Ph\u00e1p Cho Doanh Nghi\u1ec7p\">Gi\u1ea3i Ph\u00e1p 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-24\" href=\"https:\/\/infina.vn\/blog\/ty-gia-vnd-va-lam-phat-7-so-lieu-quan-trong-tc\/#6_Du_Bao_Lam_Phat_2025\" title=\"6. D\u1ef1 B\u00e1o L\u1ea1m Ph\u00e1t 2025\">6. D\u1ef1 B\u00e1o L\u1ea1m Ph\u00e1t 2025<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/infina.vn\/blog\/ty-gia-vnd-va-lam-phat-7-so-lieu-quan-trong-tc\/#Ba_Kich_Ban_Lam_Phat_Chinh\" title=\"Ba K\u1ecbch B\u1ea3n L\u1ea1m Ph\u00e1t Ch\u00ednh\">Ba K\u1ecbch B\u1ea3n L\u1ea1m Ph\u00e1t Ch\u00ednh<\/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\/ty-gia-vnd-va-lam-phat-7-so-lieu-quan-trong-tc\/#Cac_Yeu_To_Anh_Huong_Den_Lam_Phat\" title=\"C\u00e1c Y\u1ebfu T\u1ed1 \u1ea2nh H\u01b0\u1edfng \u0110\u1ebfn L\u1ea1m Ph\u00e1t\">C\u00e1c Y\u1ebfu T\u1ed1 \u1ea2nh H\u01b0\u1edfng \u0110\u1ebfn 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-27\" href=\"https:\/\/infina.vn\/blog\/ty-gia-vnd-va-lam-phat-7-so-lieu-quan-trong-tc\/#Chi_So_Gia_Tieu_Dung_Dau_Nam_2025\" title=\"Ch\u1ec9 S\u1ed1 Gi\u00e1 Ti\u00eau D\u00f9ng \u0110\u1ea7u N\u0103m 2025\">Ch\u1ec9 S\u1ed1 Gi\u00e1 Ti\u00eau D\u00f9ng \u0110\u1ea7u N\u0103m 2025<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/infina.vn\/blog\/ty-gia-vnd-va-lam-phat-7-so-lieu-quan-trong-tc\/#Bien_Phap_Kiem_Soat\" title=\"Bi\u1ec7n Ph\u00e1p Ki\u1ec3m So\u00e1t\">Bi\u1ec7n Ph\u00e1p Ki\u1ec3m So\u00e1t<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-29\" href=\"https:\/\/infina.vn\/blog\/ty-gia-vnd-va-lam-phat-7-so-lieu-quan-trong-tc\/#7_So_Sanh_Voi_Cac_Dong_Tien_Chau_A\" title=\"7. So S\u00e1nh V\u1edbi C\u00e1c \u0110\u1ed3ng Ti\u1ec1n Ch\u00e2u \u00c1\">7. So S\u00e1nh V\u1edbi C\u00e1c \u0110\u1ed3ng Ti\u1ec1n Ch\u00e2u \u00c1<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-30\" href=\"https:\/\/infina.vn\/blog\/ty-gia-vnd-va-lam-phat-7-so-lieu-quan-trong-tc\/#Tinh_Hinh_Ty_Gia_Trong_Khu_Vuc\" title=\"T\u00ecnh H\u00ecnh T\u1ef7 Gi\u00e1 Trong Khu V\u1ef1c\">T\u00ecnh H\u00ecnh T\u1ef7 Gi\u00e1 Trong Khu V\u1ef1c<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-31\" href=\"https:\/\/infina.vn\/blog\/ty-gia-vnd-va-lam-phat-7-so-lieu-quan-trong-tc\/#Lam_Phat_Trong_Khu_Vuc_ASEAN\" title=\"L\u1ea1m Ph\u00e1t Trong Khu V\u1ef1c ASEAN\">L\u1ea1m Ph\u00e1t Trong Khu V\u1ef1c ASEAN<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-32\" href=\"https:\/\/infina.vn\/blog\/ty-gia-vnd-va-lam-phat-7-so-lieu-quan-trong-tc\/#Cac_Yeu_To_Anh_Huong_Den_Ty_Gia\" title=\"C\u00e1c Y\u1ebfu T\u1ed1 \u1ea2nh H\u01b0\u1edfng \u0110\u1ebfn T\u1ef7 Gi\u00e1\">C\u00e1c Y\u1ebfu T\u1ed1 \u1ea2nh H\u01b0\u1edfng \u0110\u1ebfn 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-33\" href=\"https:\/\/infina.vn\/blog\/ty-gia-vnd-va-lam-phat-7-so-lieu-quan-trong-tc\/#Rui_Ro_Va_Co_Hoi\" title=\"R\u1ee7i Ro V\u00e0 C\u01a1 H\u1ed9i\">R\u1ee7i Ro V\u00e0 C\u01a1 H\u1ed9i<\/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\/ty-gia-vnd-va-lam-phat-7-so-lieu-quan-trong-tc\/#Quan_Ly_Ty_Gia\" title=\"Qu\u1ea3n L\u00fd T\u1ef7 Gi\u00e1\">Qu\u1ea3n L\u00fd T\u1ef7 Gi\u00e1<\/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\/ty-gia-vnd-va-lam-phat-7-so-lieu-quan-trong-tc\/#Su_Dung_Cac_Chi_So_Nay_Cho_Dau_Tu\" title=\"S\u1eed D\u1ee5ng C\u00e1c Ch\u1ec9 S\u1ed1 N\u00e0y Cho \u0110\u1ea7u T\u01b0\">S\u1eed D\u1ee5ng C\u00e1c Ch\u1ec9 S\u1ed1 N\u00e0y Cho \u0110\u1ea7u T\u01b0<\/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\/ty-gia-vnd-va-lam-phat-7-so-lieu-quan-trong-tc\/#Phan_Tich_Ket_Hop_Cac_Chi_So\" title=\"Ph\u00e2n T\u00edch K\u1ebft H\u1ee3p C\u00e1c Ch\u1ec9 S\u1ed1\">Ph\u00e2n T\u00edch K\u1ebft H\u1ee3p C\u00e1c Ch\u1ec9 S\u1ed1<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-37\" href=\"https:\/\/infina.vn\/blog\/ty-gia-vnd-va-lam-phat-7-so-lieu-quan-trong-tc\/#Chien_Luoc_Phong_Ngua_Rui_Ro\" title=\"Chi\u1ebfn L\u01b0\u1ee3c Ph\u00f2ng Ng\u1eeba R\u1ee7i Ro\">Chi\u1ebfn L\u01b0\u1ee3c Ph\u00f2ng Ng\u1eeba R\u1ee7i Ro<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-38\" href=\"https:\/\/infina.vn\/blog\/ty-gia-vnd-va-lam-phat-7-so-lieu-quan-trong-tc\/#Bai_Hoc_Thuc_Tien\" title=\"B\u00e0i H\u1ecdc Th\u1ef1c Ti\u1ec5n\">B\u00e0i H\u1ecdc Th\u1ef1c Ti\u1ec5n<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-39\" href=\"https:\/\/infina.vn\/blog\/ty-gia-vnd-va-lam-phat-7-so-lieu-quan-trong-tc\/#Cong_Cu_Ho_Tro\" title=\"C\u00f4ng C\u1ee5 H\u1ed7 Tr\u1ee3\">C\u00f4ng C\u1ee5 H\u1ed7 Tr\u1ee3<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-40\" href=\"https:\/\/infina.vn\/blog\/ty-gia-vnd-va-lam-phat-7-so-lieu-quan-trong-tc\/#Yeu_To_Quan_Trong_Trong_Nam_2025\" title=\"Y\u1ebfu T\u1ed1 Quan Tr\u1ecdng Trong N\u0103m 2025\">Y\u1ebfu T\u1ed1 Quan Tr\u1ecdng Trong N\u0103m 2025<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-41\" href=\"https:\/\/infina.vn\/blog\/ty-gia-vnd-va-lam-phat-7-so-lieu-quan-trong-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-42\" href=\"https:\/\/infina.vn\/blog\/ty-gia-vnd-va-lam-phat-7-so-lieu-quan-trong-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-43\" href=\"https:\/\/infina.vn\/blog\/ty-gia-vnd-va-lam-phat-7-so-lieu-quan-trong-tc\/#Du_bao_lam_phat_Viet_Nam_nam_2025_la_bao_nhieu\" title=\"D\u1ef1 b\u00e1o l\u1ea1m ph\u00e1t Vi\u1ec7t Nam n\u0103m 2025 l\u00e0 bao nhi\u00eau?\">D\u1ef1 b\u00e1o l\u1ea1m ph\u00e1t Vi\u1ec7t Nam n\u0103m 2025 l\u00e0 bao nhi\u00eau?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-44\" href=\"https:\/\/infina.vn\/blog\/ty-gia-vnd-va-lam-phat-7-so-lieu-quan-trong-tc\/#Ty_le_lam_phat_Viet_Nam_10_nam_qua_la_bao_nhieu\" title=\"T\u1ef7 l\u1ec7 l\u1ea1m ph\u00e1t Vi\u1ec7t Nam 10 n\u0103m qua l\u00e0 bao nhi\u00eau?\">T\u1ef7 l\u1ec7 l\u1ea1m ph\u00e1t Vi\u1ec7t Nam 10 n\u0103m qua l\u00e0 bao nhi\u00eau?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-45\" href=\"https:\/\/infina.vn\/blog\/ty-gia-vnd-va-lam-phat-7-so-lieu-quan-trong-tc\/#Ty_le_lam_phat_hien_tai_cua_Viet_Nam_la_bao_nhieu\" title=\"T\u1ef7 l\u1ec7 l\u1ea1m ph\u00e1t hi\u1ec7n t\u1ea1i c\u1ee7a Vi\u1ec7t Nam l\u00e0 bao nhi\u00eau?\">T\u1ef7 l\u1ec7 l\u1ea1m ph\u00e1t hi\u1ec7n t\u1ea1i c\u1ee7a Vi\u1ec7t Nam l\u00e0 bao nhi\u00eau?<\/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 \/><\/colgroup>\n<tbody>\n<tr>\n<th colspan=\"1\" rowspan=\"1\">Ch\u1ec9 s\u1ed1<\/th>\n<th colspan=\"1\" rowspan=\"1\">D\u1ef1 b\u00e1o 2025<\/th>\n<th colspan=\"1\" rowspan=\"1\">T\u00e1c \u0111\u1ed9ng ch\u00ednh<\/th>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">L\u1ea1m ph\u00e1t c\u01a1 b\u1ea3n<\/td>\n<td colspan=\"1\" rowspan=\"1\">3,1%-3,3%<\/td>\n<td colspan=\"1\" rowspan=\"1\">Gi\u00e1 nh\u00e0 \u1edf, gi\u00e1o d\u1ee5c<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">T\u1ef7 gi\u00e1 USD\/VND<\/td>\n<td colspan=\"1\" rowspan=\"1\">25.500 &#8211; 25.800<\/td>\n<td colspan=\"1\" rowspan=\"1\">L\u00e3i su\u1ea5t Fed, ch\u1ec9 s\u1ed1 DXY<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Gi\u00e1 d\u1ea7u th\u00f4<\/td>\n<td colspan=\"1\" rowspan=\"1\">81 USD\/th\u00f9ng<\/td>\n<td colspan=\"1\" rowspan=\"1\">T\u0103ng chi ph\u00ed nh\u1eadp kh\u1ea9u<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Ch\u00eanh l\u1ec7ch l\u00e3i su\u1ea5t<\/td>\n<td colspan=\"1\" rowspan=\"1\">0,75%-1%<\/td>\n<td colspan=\"1\" rowspan=\"1\">\u1ed4n \u0111\u1ecbnh t\u1ef7 gi\u00e1<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>H\u00e3y theo d\u00f5i s\u00e1t sao c\u00e1c ch\u1ec9 s\u1ed1 n\u00e0y \u0111\u1ec3 \u0111\u01b0a ra quy\u1ebft \u0111\u1ecbnh t\u00e0i ch\u00ednh ch\u00ednh x\u00e1c trong b\u1ed1i c\u1ea3nh kinh t\u1ebf \u0111\u1ea7y bi\u1ebfn \u0111\u1ed9ng n\u0103m nay.<\/strong><\/p>\n<div class=\"sb-iframe-wrapper\" contenteditable=\"false\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"1_Bien_dong_gia_tri_VND_so_voi_ty_le_lam_phat\"><\/span>1. Bi\u1ebfn \u0111\u1ed9ng gi\u00e1 tr\u1ecb VND so v\u1edbi t\u1ef7 l\u1ec7 l\u1ea1m ph\u00e1t<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bi\u1ec3u \u0111\u1ed3 l\u1ecbch s\u1eed 10 n\u0103m cho th\u1ea5y m\u1ed9t m\u1ed1i li\u00ean h\u1ec7 r\u00f5 r\u00e0ng gi\u1eefa l\u1ea1m ph\u00e1t v\u00e0 t\u1ef7 gi\u00e1 VND. D\u1eef li\u1ec7u t\u1eeb 2015 \u0111\u1ebfn 2024 ghi nh\u1eadn Vi\u1ec7t Nam \u0111\u00e3 duy tr\u00ec l\u1ea1m ph\u00e1t d\u01b0\u1edbi m\u1ee9c 4%. Nh\u1eefng bi\u1ebfn \u0111\u1ed9ng n\u00e0y m\u1edf ra c\u00e2u h\u1ecfi v\u1ec1 xu h\u01b0\u1edbng t\u1ef7 gi\u00e1 USD\/VND trong qu\u00fd I\/2025, s\u1ebd \u0111\u01b0\u1ee3c ph\u00e2n t\u00edch chi ti\u1ebft \u1edf ph\u1ea7n ti\u1ebfp theo.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Cac_chi_so_kinh_te_noi_bat_nam_2024\"><\/span><strong>C\u00e1c ch\u1ec9 s\u1ed1 kinh t\u1ebf n\u1ed5i b\u1eadt n\u0103m 2024<\/strong><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\">Ch\u1ec9 s\u1ed1<\/th>\n<th colspan=\"1\" rowspan=\"1\">Gi\u00e1 tr\u1ecb th\u1ef1c t\u1ebf<\/th>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">L\u00e3i su\u1ea5t th\u1ef1c<\/td>\n<td colspan=\"1\" rowspan=\"1\">1.2%<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">T\u0103ng tr\u01b0\u1edfng cung ti\u1ec1n M2<\/td>\n<td colspan=\"1\" rowspan=\"1\">9.42%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"Cac_yeu_to_tac_dong_chinh\"><\/span><strong>C\u00e1c y\u1ebfu t\u1ed1 t\u00e1c \u0111\u1ed9ng ch\u00ednh<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Bi\u1ebfn \u0111\u1ed9ng gi\u00e1 nguy\u00ean li\u1ec7u nh\u1eadp kh\u1ea9u.<\/li>\n<li>\u1ea2nh h\u01b0\u1edfng t\u1eeb vi\u1ec7c \u0111i\u1ec1u ch\u1ec9nh gi\u00e1 d\u1ecbch v\u1ee5 c\u00f4ng.<\/li>\n<\/ul>\n<blockquote><p>Theo Dr. Nguy\u1ec5n \u0110\u1ee9c \u0110\u1ed9: &#8220;\u0110\u1ec3 d\u1ef1 b\u00e1o xu h\u01b0\u1edbng l\u1ea1m ph\u00e1t v\u1edbi \u0111\u1ed9 ch\u00ednh x\u00e1c \u00b10.5%, c\u1ea7n theo d\u00f5i s\u00e1t sao bi\u1ebfn \u0111\u1ed9ng CPI h\u00e0ng th\u00e1ng v\u00e0 d\u1ea3i dao \u0111\u1ed9ng t\u1ef7 gi\u00e1 USD\/VND theo t\u1eebng qu\u00fd&#8221;.<\/p><\/blockquote>\n<p>Trong b\u1ed1i c\u1ea3nh c\u00e1c n\u1ec1n kinh t\u1ebf ch\u00e2u \u00c1, Vi\u1ec7t Nam c\u00f3 <strong>\u0111\u1eb7c \u0111i\u1ec3m ri\u00eang<\/strong> v\u1edbi t\u1ef7 l\u1ec7 nh\u1eadp kh\u1ea9u nguy\u00ean li\u1ec7u \u0111\u1ea7u v\u00e0o cao. \u0110i\u1ec1u n\u00e0y l\u00fd gi\u1ea3i v\u00ec sao vi\u1ec7c ph\u00e2n t\u00edch d\u1eef li\u1ec7u l\u1ea1m ph\u00e1t trong qu\u00e1 kh\u1ee9 (m\u1ee5c 3) v\u00e0 d\u1ef1 b\u00e1o cho n\u0103m 2025 (m\u1ee5c 6) c\u1ea7n \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n \u0111\u1ed3ng th\u1eddi \u0111\u1ec3 \u0111\u01b0a ra nh\u1eadn \u0111\u1ecbnh ch\u00ednh x\u00e1c.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"2_Trien_vong_ty_gia_USDVND_Quy_I2025\"><\/span>2. Tri\u1ec3n v\u1ecdng t\u1ef7 gi\u00e1 USD\/VND: Qu\u00fd I\/2025<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Nh\u01b0 \u0111\u00e3 n\u00eau \u1edf ph\u1ea7n tr\u01b0\u1edbc, m\u1ed1i li\u00ean h\u1ec7 gi\u1eefa l\u1ea1m ph\u00e1t v\u00e0 t\u1ef7 gi\u00e1 \u0111\u01b0\u1ee3c th\u1ec3 hi\u1ec7n r\u00f5 trong d\u1ef1 b\u00e1o cho qu\u00fd I\/2025.<\/p>\n<p>Theo MB Securities, t\u1ef7 gi\u00e1 USD\/VND trong qu\u00fd I\/2025 c\u00f3 th\u1ec3 n\u1eb1m trong kho\u1ea3ng <strong>25.500-25.800 VND\/USD<\/strong>, ch\u1ecbu t\u00e1c \u0111\u1ed9ng t\u1eeb l\u00e3i su\u1ea5t c\u1ee7a Fed v\u00e0 c\u00e1c bi\u1ebfn \u0111\u1ed9ng th\u1ecb tr\u01b0\u1eddng.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Cac_yeu_to_chinh_anh_huong_den_ty_gia\"><\/span>C\u00e1c y\u1ebfu t\u1ed1 ch\u00ednh \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn 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\">Y\u1ebfu t\u1ed1<\/th>\n<th colspan=\"1\" rowspan=\"1\">T\u00e1c \u0111\u1ed9ng<\/th>\n<th colspan=\"1\" rowspan=\"1\">M\u1ee9c \u0111\u1ed9 \u1ea3nh h\u01b0\u1edfng<\/th>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">L\u00e3i su\u1ea5t Fed<\/td>\n<td colspan=\"1\" rowspan=\"1\">Duy tr\u00ec \u1edf m\u1ee9c 5,25-5,5%<\/td>\n<td colspan=\"1\" rowspan=\"1\">Cao<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Th\u1eb7ng d\u01b0 th\u01b0\u01a1ng m\u1ea1i Vi\u1ec7t Nam<\/td>\n<td colspan=\"1\" rowspan=\"1\">+3,03 t\u1ef7 USD (th\u00e1ng 1\/2025)<\/td>\n<td colspan=\"1\" rowspan=\"1\">Cao<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Gi\u1ea3i ng\u00e2n FDI<\/td>\n<td colspan=\"1\" rowspan=\"1\">&#8211;<\/td>\n<td colspan=\"1\" rowspan=\"1\">Trung b\u00ecnh<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Ch\u1ec9 s\u1ed1 USD (DXY)<\/td>\n<td colspan=\"1\" rowspan=\"1\">G\u1ea7n m\u1ee9c 109 \u0111i\u1ec3m<\/td>\n<td colspan=\"1\" rowspan=\"1\">Cao<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>VDSC c\u0169ng \u0111\u01b0a ra c\u1ea3nh b\u00e1o r\u1eb1ng t\u1ef7 gi\u00e1 c\u00f3 th\u1ec3 \u0111\u1ea1t <strong>26.200 VND\/USD<\/strong> n\u1ebfu ch\u1ec9 s\u1ed1 USD (DXY) v\u01b0\u1ee3t ng\u01b0\u1ee1ng 110 \u0111i\u1ec3m, \u0111\u1eb7c bi\u1ec7t trong b\u1ed1i c\u1ea3nh d\u1ef1 tr\u1eef ngo\u1ea1i h\u1ed1i gi\u1ea3m 9,4 t\u1ef7 USD v\u00e0o n\u0103m 2024. Ngo\u00e0i ra, \u00e1p l\u1ef1c l\u1ea1m ph\u00e1t t\u1eeb chi ph\u00ed nguy\u00ean li\u1ec7u nh\u1eadp kh\u1ea9u (\u0111\u00e3 \u0111\u1ec1 c\u1eadp \u1edf m\u1ee5c 1) c\u00e0ng l\u00e0m t\u0103ng r\u1ee7i ro cho c\u00e1c d\u1ef1 b\u00e1o n\u00e0y.<\/p>\n<blockquote><p>&#8220;Vi\u1ec7t Nam c\u00f3 \u0111\u1ed9 m\u1edf kinh t\u1ebf cao&#8221; &#8211; \u00d4ng \u0110\u00e0o Minh T\u00fa, Ph\u00f3 Th\u1ed1ng \u0111\u1ed1c Ng\u00e2n h\u00e0ng Nh\u00e0 n\u01b0\u1edbc.<\/p><\/blockquote>\n<h3><span class=\"ez-toc-section\" id=\"Cac_giai_phap_on_dinh_ty_gia\"><\/span>C\u00e1c gi\u1ea3i ph\u00e1p \u1ed5n \u0111\u1ecbnh t\u1ef7 gi\u00e1<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Ng\u00e2n h\u00e0ng Nh\u00e0 n\u01b0\u1edbc (NHNN) c\u00f3 th\u1ec3 \u00e1p d\u1ee5ng m\u1ed9t s\u1ed1 bi\u1ec7n ph\u00e1p sau \u0111\u1ec3 ki\u1ec3m so\u00e1t t\u1ef7 gi\u00e1:<\/p>\n<ul>\n<li><strong>T\u0103ng l\u00e3i su\u1ea5t th\u00eam 50-75 \u0111i\u1ec3m c\u01a1 b\u1ea3n<\/strong>, k\u1ebft h\u1ee3p v\u1edbi vi\u1ec7c b\u00e1n USD t\u1eeb d\u1ef1 tr\u1eef ngo\u1ea1i h\u1ed1i n\u1ebfu ch\u1ec9 s\u1ed1 DXY v\u01b0\u1ee3t 110.<\/li>\n<li><strong>H\u1ea1n ch\u1ebf h\u1ea1n m\u1ee9c ngo\u1ea1i t\u1ec7<\/strong> t\u1ea1i c\u00e1c ng\u00e2n h\u00e0ng th\u01b0\u01a1ng m\u1ea1i.<\/li>\n<\/ul>\n<p>Doanh nghi\u1ec7p n\u00ean ch\u1ee7 \u0111\u1ed9ng theo d\u00f5i s\u00e1t sao di\u1ec5n bi\u1ebfn l\u1ea1m ph\u00e1t (\u0111\u01b0\u1ee3c ph\u00e2n t\u00edch \u1edf m\u1ee5c 3 v\u00e0 6) c\u00f9ng c\u00e1c ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 \u0111\u1ec3 x\u00e2y d\u1ef1ng chi\u1ebfn l\u01b0\u1ee3c gi\u1ea3m thi\u1ec3u r\u1ee7i ro hi\u1ec7u qu\u1ea3.<\/p>\n<p>Nh\u1eefng bi\u1ebfn \u0111\u1ed9ng t\u1ef7 gi\u00e1 n\u00e0y s\u1ebd ph\u1ee5 thu\u1ed9c nhi\u1ec1u v\u00e0o d\u1eef li\u1ec7u l\u1ea1m ph\u00e1t c\u01a1 b\u1ea3n, n\u1ed9i dung s\u1ebd \u0111\u01b0\u1ee3c ph\u00e2n t\u00edch k\u1ef9 h\u01a1n trong ph\u1ea7n ti\u1ebfp theo.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"3_Du_Lieu_Lam_Phat_Co_Ban\"><\/span>3. D\u1eef Li\u1ec7u L\u1ea1m Ph\u00e1t C\u01a1 B\u1ea3n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>L\u1ea1m ph\u00e1t c\u01a1 b\u1ea3n (core inflation) l\u00e0 m\u1ed9t ch\u1ec9 s\u1ed1 quan tr\u1ecdng, gi\u00fap \u0111o l\u01b0\u1eddng ch\u00ednh x\u00e1c m\u1ee9c \u0111\u1ed9 \u00e1p l\u1ef1c l\u1ea1m ph\u00e1t th\u1ef1c t\u1ebf trong n\u1ec1n kinh t\u1ebf.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Cach_Tinh_Lam_Phat_Co_Ban\"><\/span>C\u00e1ch T\u00ednh L\u1ea1m Ph\u00e1t C\u01a1 B\u1ea3n<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Ng\u00e2n h\u00e0ng Nh\u00e0 n\u01b0\u1edbc Vi\u1ec7t Nam x\u00e1c \u0111\u1ecbnh l\u1ea1m ph\u00e1t c\u01a1 b\u1ea3n b\u1eb1ng c\u00e1ch lo\u1ea1i tr\u1eeb c\u00e1c y\u1ebfu t\u1ed1 bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh, bao g\u1ed3m:<\/p>\n<ul>\n<li>Th\u1ef1c ph\u1ea9m t\u01b0\u01a1i s\u1ed1ng<\/li>\n<li>C\u00e1c s\u1ea3n ph\u1ea9m n\u0103ng l\u01b0\u1ee3ng nh\u01b0 x\u0103ng d\u1ea7u, \u0111i\u1ec7n<\/li>\n<li>Gi\u00e1 c\u1ea3 do Nh\u00e0 n\u01b0\u1edbc qu\u1ea3n l\u00fd<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"So_Lieu_Lam_Phat_Co_Ban_2024-2025\"><\/span>S\u1ed1 Li\u1ec7u L\u1ea1m Ph\u00e1t C\u01a1 B\u1ea3n 2024-2025<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\">Th\u1eddi gian<\/th>\n<th colspan=\"1\" rowspan=\"1\">L\u1ea1m ph\u00e1t c\u01a1 b\u1ea3n<\/th>\n<th colspan=\"1\" rowspan=\"1\">L\u1ea1m ph\u00e1t t\u1ed5ng th\u1ec3<\/th>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">2024<\/td>\n<td colspan=\"1\" rowspan=\"1\">2,8%<\/td>\n<td colspan=\"1\" rowspan=\"1\">3,5%<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Q4\/2024<\/td>\n<td colspan=\"1\" rowspan=\"1\">2,98%<\/td>\n<td colspan=\"1\" rowspan=\"1\">3,58%<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Q1\/2025*<\/td>\n<td colspan=\"1\" rowspan=\"1\">3,1-3,3%<\/td>\n<td colspan=\"1\" rowspan=\"1\">3,5-3,7%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>*D\u1ef1 b\u00e1o t\u1eeb VDSC<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Cac_Yeu_To_Tac_Dong_Chinh\"><\/span>C\u00e1c Y\u1ebfu T\u1ed1 T\u00e1c \u0110\u1ed9ng Ch\u00ednh<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Trong Qu\u00fd IV\/2024, hai l\u0129nh v\u1ef1c c\u00f3 \u1ea3nh h\u01b0\u1edfng l\u1edbn nh\u1ea5t \u0111\u1ebfn l\u1ea1m ph\u00e1t c\u01a1 b\u1ea3n l\u00e0 <strong>nh\u00e0 \u1edf v\u00e0 x\u00e2y d\u1ef1ng<\/strong> (chi\u1ebfm 38%) v\u00e0 <strong>d\u1ecbch v\u1ee5 gi\u00e1o d\u1ee5c<\/strong> (chi\u1ebfm 27%). \u00c1p l\u1ef1c t\u1eeb hai l\u0129nh v\u1ef1c n\u00e0y c\u00f3 th\u1ec3 khi\u1ebfn Ng\u00e2n h\u00e0ng Nh\u00e0 n\u01b0\u1edbc ph\u1ea3i \u0111i\u1ec1u ch\u1ec9nh ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7, k\u00e9o theo t\u00e1c \u0111\u1ed9ng \u0111\u1ebfn t\u1ef7 gi\u00e1 VND.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"So_Sanh_Voi_Cac_Nuoc_ASEAN\"><\/span>So S\u00e1nh V\u1edbi C\u00e1c N\u01b0\u1edbc ASEAN<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>L\u1ea1m ph\u00e1t c\u01a1 b\u1ea3n c\u1ee7a Vi\u1ec7t Nam n\u0103m 2024 \u0111\u1ea1t m\u1ee9c 2,8%, th\u1ea5p h\u01a1n so v\u1edbi Philippines (6,5%) nh\u01b0ng cao h\u01a1n Th\u00e1i Lan (1,2%). \u0110i\u1ec1u n\u00e0y cho th\u1ea5y Vi\u1ec7t Nam \u0111ang \u00e1p d\u1ee5ng ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 th\u1eadn tr\u1ecdng nh\u1eb1m ki\u1ec3m so\u00e1t gi\u00e1 c\u1ea3.<\/p>\n<p>D\u1ef1 b\u00e1o cho n\u0103m 2025, l\u1ea1m ph\u00e1t c\u01a1 b\u1ea3n c\u1ee7a Vi\u1ec7t Nam s\u1ebd dao \u0111\u1ed9ng t\u1eeb 2,7% \u0111\u1ebfn 3,3%. Nh\u1eefng thay \u0111\u1ed5i n\u00e0y c\u00f3 th\u1ec3 \u1ea3nh h\u01b0\u1edfng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn ch\u00eanh l\u1ec7ch l\u00e3i su\u1ea5t gi\u1eefa c\u00e1c ng\u00e2n h\u00e0ng, m\u1ed9t y\u1ebfu t\u1ed1 quan tr\u1ecdng s\u1ebd \u0111\u01b0\u1ee3c ph\u00e2n t\u00edch \u1edf ph\u1ea7n ti\u1ebfp theo.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"4_Chenh_Lech_Lai_Suat_Giua_Cac_Ngan_Hang\"><\/span>4. Ch\u00eanh L\u1ec7ch L\u00e3i Su\u1ea5t Gi\u1eefa C\u00e1c Ng\u00e2n H\u00e0ng<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Nh\u01b0 \u0111\u00e3 \u0111\u1ec1 c\u1eadp tr\u01b0\u1edbc \u0111\u00f3, l\u1ea1m ph\u00e1t c\u01a1 b\u1ea3n c\u00f3 \u1ea3nh h\u01b0\u1edfng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn quy\u1ebft \u0111\u1ecbnh l\u00e3i su\u1ea5t c\u1ee7a Ng\u00e2n h\u00e0ng Nh\u00e0 n\u01b0\u1edbc (NHNN). Ch\u00eanh l\u1ec7ch l\u00e3i su\u1ea5t gi\u1eefa NHNN v\u00e0 C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang M\u1ef9 (Fed), hi\u1ec7n \u1edf m\u1ee9c 0,75-1%, l\u00e0 y\u1ebfu t\u1ed1 quan tr\u1ecdng t\u00e1c \u0111\u1ed9ng \u0111\u1ebfn t\u1ef7 gi\u00e1 USD\/VND. D\u1ef1 b\u00e1o t\u1ef7 gi\u00e1 c\u00f3 th\u1ec3 dao \u0111\u1ed9ng trong kho\u1ea3ng 25.450-25.800.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Lai_Suat_Trong_He_Thong_Ngan_Hang_Viet_Nam\"><\/span>L\u00e3i Su\u1ea5t Trong H\u1ec7 Th\u1ed1ng Ng\u00e2n H\u00e0ng Vi\u1ec7t Nam<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\">Lo\u1ea1i L\u00e3i Su\u1ea5t<\/th>\n<th colspan=\"1\" rowspan=\"1\">T\u1ef7 L\u1ec7 (%)<\/th>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">T\u00e1i c\u1ea5p v\u1ed1n NHNN<\/td>\n<td colspan=\"1\" rowspan=\"1\">4,5<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Ti\u1ec1n g\u1eedi 12 th\u00e1ng<\/td>\n<td colspan=\"1\" rowspan=\"1\">3,5 &#8211; 5,2<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"Du_Bao_Xu_Huong_Nam_2025\"><\/span>D\u1ef1 B\u00e1o Xu H\u01b0\u1edbng N\u0103m 2025<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Theo d\u1ef1 b\u00e1o t\u1eeb UOB, ch\u00eanh l\u1ec7ch l\u00e3i su\u1ea5t c\u00f3 kh\u1ea3 n\u0103ng thu h\u1eb9p trong n\u1eeda cu\u1ed1i n\u0103m 2025, c\u1ee5 th\u1ec3 nh\u01b0 sau:<\/p>\n<table>\n<colgroup>\n<col \/>\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\">L\u00e3i su\u1ea5t Fed<\/th>\n<th colspan=\"1\" rowspan=\"1\">L\u00e3i su\u1ea5t NHNN<\/th>\n<th colspan=\"1\" rowspan=\"1\">Ch\u00eanh l\u1ec7ch<\/th>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Q2\/2025<\/td>\n<td colspan=\"1\" rowspan=\"1\">5,25%<\/td>\n<td colspan=\"1\" rowspan=\"1\">4,75%<\/td>\n<td colspan=\"1\" rowspan=\"1\">+0,5%<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Q3\/2025<\/td>\n<td colspan=\"1\" rowspan=\"1\">5%<\/td>\n<td colspan=\"1\" rowspan=\"1\">5%<\/td>\n<td colspan=\"1\" rowspan=\"1\">0%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>S\u1ef1 thu h\u1eb9p n\u00e0y \u0111\u01b0\u1ee3c k\u1ef3 v\u1ecdng s\u1ebd gi\u00fap t\u1ef7 gi\u00e1 \u1ed5n \u0111\u1ecbnh quanh m\u1ee9c 25.500 v\u00e0o cu\u1ed1i n\u0103m 2025. Xu h\u01b0\u1edbng n\u00e0y ph\u00f9 h\u1ee3p v\u1edbi m\u1ed1i quan h\u1ec7 l\u1ecbch s\u1eed gi\u1eefa ch\u00eanh l\u1ec7ch l\u00e3i su\u1ea5t v\u00e0 bi\u1ebfn \u0111\u1ed9ng t\u1ef7 gi\u00e1 VND trong giai \u0111o\u1ea1n 2018-2024.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"So_Sanh_Voi_Cac_Nuoc_Trong_Khu_Vuc\"><\/span>So S\u00e1nh V\u1edbi C\u00e1c N\u01b0\u1edbc Trong Khu V\u1ef1c<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Ch\u00eanh l\u1ec7ch l\u00e3i su\u1ea5t c\u1ee7a Vi\u1ec7t Nam v\u1edbi USD hi\u1ec7n kh\u00e1 c\u00e2n b\u1eb1ng so v\u1edbi c\u00e1c n\u01b0\u1edbc ASEAN kh\u00e1c. V\u00ed d\u1ee5:<\/p>\n<ul>\n<li>Philippines v\u00e0 Indonesia c\u00f3 ch\u00eanh l\u1ec7ch \u00e2m l\u1ea7n l\u01b0\u1ee3t l\u00e0 -1% v\u00e0 -0,75%.<\/li>\n<li>Th\u00e1i Lan l\u1ea1i c\u00f3 ch\u00eanh l\u1ec7ch d\u01b0\u01a1ng cao h\u01a1n, \u0111\u1ea1t +3,25%.<\/li>\n<\/ul>\n<p>Nh\u1eefng con s\u1ed1 n\u00e0y \u1ea3nh h\u01b0\u1edfng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn s\u1ee9c h\u1ea5p d\u1eabn c\u1ee7a VND so v\u1edbi USD v\u00e0 c\u00e1c \u0111\u1ed3ng ti\u1ec1n kh\u00e1c trong khu v\u1ef1c.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Cac_Bien_Phap_Dieu_Tiet\"><\/span>C\u00e1c Bi\u1ec7n Ph\u00e1p \u0110i\u1ec1u Ti\u1ebft<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u0110\u1ec3 ki\u1ec3m so\u00e1t t\u00e1c \u0111\u1ed9ng t\u1eeb ch\u00eanh l\u1ec7ch l\u00e3i su\u1ea5t, NHNN \u0111\u00e3 \u00e1p d\u1ee5ng nhi\u1ec1u bi\u1ec7n ph\u00e1p nh\u01b0:<\/p>\n<ul>\n<li><strong>Can thi\u1ec7p th\u1ecb tr\u01b0\u1eddng ngo\u1ea1i h\u1ed1i<\/strong>: B\u01a1m 2 t\u1ef7 USD v\u00e0 t\u0103ng l\u00e3i su\u1ea5t nghi\u1ec7p v\u1ee5 th\u1ecb tr\u01b0\u1eddng m\u1edf th\u00eam 0,25% trong th\u00e1ng 2\/2025.<\/li>\n<li><strong>Ph\u1ed1i h\u1ee3p ph\u00e1t h\u00e0nh tr\u00e1i phi\u1ebfu<\/strong>: L\u00e0m vi\u1ec7c v\u1edbi B\u1ed9 T\u00e0i ch\u00ednh \u0111\u1ec3 \u0111i\u1ec1u ti\u1ebft th\u1ecb tr\u01b0\u1eddng.<\/li>\n<\/ul>\n<blockquote><p>TS. Nguy\u1ec5n \u0110\u1ee9c \u0110\u1ed9 nh\u1eadn \u0111\u1ecbnh: &#8220;Duy tr\u00ec ch\u00eanh l\u1ec7ch l\u00e3i su\u1ea5t th\u1ef1c t\u1eeb 0,3-0,8% l\u00e0 y\u1ebfu t\u1ed1 then ch\u1ed1t \u0111\u1ec3 \u1ed5n \u0111\u1ecbnh ti\u1ec1n t\u1ec7&#8221;.<\/p><\/blockquote>\n<p>Nh\u1eefng bi\u1ebfn \u0111\u1ed9ng n\u00e0y s\u1ebd ti\u1ebfp t\u1ee5c \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn d\u1ef1 b\u00e1o l\u1ea1m ph\u00e1t n\u0103m 2025 (xem m\u1ee5c 6) v\u00e0 so s\u00e1nh ti\u1ec1n t\u1ec7 ch\u00e2u \u00c1 (xem m\u1ee5c 7), t\u1ea1o n\u00ean b\u1ee9c tranh to\u00e0n di\u1ec7n v\u1ec1 t\u1ef7 gi\u00e1 trong t\u01b0\u01a1ng lai.<\/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=\"5_Xu_Huong_Gia_Ca_Thi_Truong_The_Gioi\"><\/span>5. Xu H\u01b0\u1edbng Gi\u00e1 C\u1ea3 Th\u1ecb Tr\u01b0\u1eddng Th\u1ebf Gi\u1edbi<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>World Bank d\u1ef1 \u0111o\u00e1n gi\u00e1 h\u00e0ng h\u00f3a to\u00e0n c\u1ea7u s\u1ebd gi\u1ea3m t\u1eeb 1-5% v\u00e0o n\u0103m 2025, trong \u0111\u00f3 gi\u00e1 d\u1ea7u th\u00f4 \u0111\u01b0\u1ee3c k\u1ef3 v\u1ecdng dao \u0111\u1ed9ng quanh m\u1ee9c 81 USD\/th\u00f9ng. \u0110\u00e1ng ch\u00fa \u00fd, m\u1ed7i l\u1ea7n gi\u00e1 d\u1ea7u t\u0103ng th\u00eam 10 USD\/th\u00f9ng c\u00f3 th\u1ec3 khi\u1ebfn th\u00e2m h\u1ee5t th\u01b0\u01a1ng m\u1ea1i t\u0103ng 0,5% GDP, g\u00e2y \u1ea3nh h\u01b0\u1edfng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn t\u1ef7 gi\u00e1.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Du_Bao_Gia_Hang_Hoa_Toan_Cau_2025\"><\/span>D\u1ef1 B\u00e1o Gi\u00e1 H\u00e0ng H\u00f3a To\u00e0n C\u1ea7u 2025<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\">Nh\u00f3m h\u00e0ng h\u00f3a<\/th>\n<th colspan=\"1\" rowspan=\"1\">D\u1ef1 b\u00e1o bi\u1ebfn \u0111\u1ed9ng<\/th>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">N\u0103ng l\u01b0\u1ee3ng<\/td>\n<td colspan=\"1\" rowspan=\"1\">-2%<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">H\u00e0ng h\u00f3a phi n\u0103ng l\u01b0\u1ee3ng<\/td>\n<td colspan=\"1\" rowspan=\"1\">-1%<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Kim lo\u1ea1i<\/td>\n<td colspan=\"1\" rowspan=\"1\">-5%<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">L\u01b0\u01a1ng th\u1ef1c<\/td>\n<td colspan=\"1\" rowspan=\"1\">-2%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"Tac_Dong_Cua_Gia_Dau\"><\/span>T\u00e1c \u0110\u1ed9ng C\u1ee7a Gi\u00e1 D\u1ea7u<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Gi\u00e1 d\u1ea7u th\u00f4 c\u00f3 vai tr\u00f2 quan tr\u1ecdng trong vi\u1ec7c \u0111\u1ecbnh h\u00ecnh t\u1ef7 gi\u00e1 VND. M\u1ed9t s\u1ed1 \u0111i\u1ec3m \u0111\u00e1ng ch\u00fa \u00fd:<\/p>\n<ul>\n<li>Gi\u00e1 d\u1ea7u \u0111\u01b0\u1ee3c d\u1ef1 \u0111o\u00e1n \u1edf m\u1ee9c 81 USD\/th\u00f9ng trong n\u0103m 2025, gi\u1ea3m nh\u1eb9 so v\u1edbi 84 USD\/th\u00f9ng c\u1ee7a n\u0103m 2024.<\/li>\n<li>M\u1ed7i l\u1ea7n gi\u00e1 d\u1ea7u t\u0103ng th\u00eam 10 USD\/th\u00f9ng s\u1ebd l\u00e0m th\u00e2m h\u1ee5t th\u01b0\u01a1ng m\u1ea1i t\u0103ng 0,5% GDP, \u0111\u1ed3ng th\u1eddi \u0111\u1ea9y t\u1ef7 gi\u00e1 USD\/VND t\u0103ng t\u1eeb 1-2%.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Chi_So_DXY_Va_Ap_Luc_Kep\"><\/span>Ch\u1ec9 S\u1ed1 DXY V\u00e0 \u00c1p L\u1ef1c K\u00e9p<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Ch\u1ec9 s\u1ed1 DXY, d\u1ef1 b\u00e1o dao \u0111\u1ed9ng t\u1eeb 108-110 \u0111i\u1ec3m (theo UOB), khi k\u1ebft h\u1ee3p v\u1edbi bi\u1ebfn \u0111\u1ed9ng gi\u00e1 h\u00e0ng h\u00f3a, s\u1ebd t\u1ea1o ra \u00e1p l\u1ef1c l\u1edbn h\u01a1n g\u1ea5p \u0111\u00f4i l\u00ean t\u1ef7 gi\u00e1 VND so v\u1edbi t\u00e1c \u0111\u1ed9ng t\u1eeb t\u1eebng y\u1ebfu t\u1ed1 ri\u00eang l\u1ebb.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Rui_Ro_Dia_Chinh_Tri\"><\/span>R\u1ee7i Ro \u0110\u1ecba Ch\u00ednh Tr\u1ecb<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>C\u00e1c y\u1ebfu t\u1ed1 \u0111\u1ecba ch\u00ednh tr\u1ecb nh\u01b0 c\u0103ng th\u1eb3ng th\u01b0\u01a1ng m\u1ea1i gi\u1eefa M\u1ef9 v\u00e0 Trung Qu\u1ed1c, xung \u0111\u1ed9t t\u1ea1i Trung \u0110\u00f4ng v\u00e0 thay \u0111\u1ed5i trong ch\u00ednh s\u00e1ch xu\u1ea5t kh\u1ea9u g\u1ea1o c\u1ee7a ASEAN \u0111\u1ec1u l\u00e0m t\u0103ng chi ph\u00ed nh\u1eadp kh\u1ea9u. \u0110i\u1ec1u n\u00e0y \u1ea3nh h\u01b0\u1edfng m\u1ea1nh \u0111\u1ebfn CPI c\u1ee7a Vi\u1ec7t Nam, v\u1edbi nh\u1eadp kh\u1ea9u chi\u1ebfm \u0111\u1ebfn 32% trong ch\u1ec9 s\u1ed1 n\u00e0y, t\u1eeb \u0111\u00f3 g\u00e2y \u00e1p l\u1ef1c l\u00ean t\u1ef7 gi\u00e1 th\u00f4ng qua l\u1ea1m ph\u00e1t.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Giai_Phap_Cho_Doanh_Nghiep\"><\/span>Gi\u1ea3i Ph\u00e1p Cho Doanh Nghi\u1ec7p<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Theo khuy\u1ebfn ngh\u1ecb t\u1eeb 82% chuy\u00ean gia, doanh nghi\u1ec7p n\u00ean \u01b0u ti\u00ean k\u00fd h\u1ee3p \u0111\u1ed3ng k\u1ef3 h\u1ea1n cho 50-70% nhu c\u1ea7u n\u0103ng l\u01b0\u1ee3ng.<\/p>\n<p>Nh\u1eefng bi\u1ebfn \u0111\u1ed9ng n\u00e0y s\u1ebd \u1ea3nh h\u01b0\u1edfng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn d\u1ef1 b\u00e1o l\u1ea1m ph\u00e1t n\u0103m 2025 (\u0111\u01b0\u1ee3c \u0111\u1ec1 c\u1eadp \u1edf ph\u1ea7n 6), \u0111\u1eb7c bi\u1ec7t khi chi ph\u00ed nguy\u00ean li\u1ec7u nh\u1eadp kh\u1ea9u hi\u1ec7n chi\u1ebfm t\u1edbi 54% t\u1ed5ng kim ng\u1ea1ch.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"6_Du_Bao_Lam_Phat_2025\"><\/span>6. D\u1ef1 B\u00e1o L\u1ea1m Ph\u00e1t 2025<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>D\u1ef1a tr\u00ean d\u1eef li\u1ec7u l\u1ecbch s\u1eed t\u1eeb 2015 \u0111\u1ebfn 2024 (ph\u1ea7n 1), Vi\u1ec7n Kinh t\u1ebf &#8211; T\u00e0i ch\u00ednh \u0111\u00e3 c\u00f4ng b\u1ed1 ba k\u1ecbch b\u1ea3n l\u1ea1m ph\u00e1t cho n\u0103m 2025, v\u1edbi s\u1ef1 k\u1ebft h\u1ee3p c\u1ee7a c\u00e1c y\u1ebfu t\u1ed1 trong n\u01b0\u1edbc v\u00e0 qu\u1ed1c t\u1ebf.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Ba_Kich_Ban_Lam_Phat_Chinh\"><\/span>Ba K\u1ecbch B\u1ea3n L\u1ea1m Ph\u00e1t Ch\u00ednh<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\">K\u1ecbch b\u1ea3n<\/th>\n<th colspan=\"1\" rowspan=\"1\">CPI Th\u00e1ng<\/th>\n<th colspan=\"1\" rowspan=\"1\">L\u1ea1m ph\u00e1t n\u0103m<\/th>\n<th colspan=\"1\" rowspan=\"1\">\u0110i\u1ec1u ki\u1ec7n<\/th>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">C\u01a1 s\u1edf<\/td>\n<td colspan=\"1\" rowspan=\"1\">0,23<\/td>\n<td colspan=\"1\" rowspan=\"1\">3,0<\/td>\n<td colspan=\"1\" rowspan=\"1\">Ch\u1ec9 s\u1ed1 DXY d\u01b0\u1edbi 108 \u0111i\u1ec3m<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Cao<\/td>\n<td colspan=\"1\" rowspan=\"1\">0,28<\/td>\n<td colspan=\"1\" rowspan=\"1\">3,3<\/td>\n<td colspan=\"1\" rowspan=\"1\">Gi\u00e1 d\u1ea7u tr\u00ean 85 USD\/th\u00f9ng<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Th\u1ea5p<\/td>\n<td colspan=\"1\" rowspan=\"1\">0,18<\/td>\n<td colspan=\"1\" rowspan=\"1\">2,7<\/td>\n<td colspan=\"1\" rowspan=\"1\">GDP t\u0103ng d\u01b0\u1edbi 6,5% (d\u1ef1 b\u00e1o c\u1ee7a WB)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"Cac_Yeu_To_Anh_Huong_Den_Lam_Phat\"><\/span>C\u00e1c Y\u1ebfu T\u1ed1 \u1ea2nh H\u01b0\u1edfng \u0110\u1ebfn L\u1ea1m Ph\u00e1t<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Ng\u00e2n h\u00e0ng Nh\u00e0 n\u01b0\u1edbc d\u1ef1 \u0111o\u00e1n l\u1ea1m ph\u00e1t b\u00ecnh qu\u00e2n n\u0103m 2025 c\u00f3 th\u1ec3 \u0111\u1ea1t m\u1ee9c 4\u00b10,4%. M\u1ed9t s\u1ed1 y\u1ebfu t\u1ed1 c\u00f3 th\u1ec3 khi\u1ebfn l\u1ea1m ph\u00e1t v\u01b0\u1ee3t m\u1ed1c 3,5% bao g\u1ed3m:<\/p>\n<ul>\n<li><strong>\u0110i\u1ec1u ch\u1ec9nh gi\u00e1 d\u1ecbch v\u1ee5 c\u00f4ng<\/strong>: T\u0103ng gi\u00e1 c\u00e1c d\u1ecbch v\u1ee5 y t\u1ebf v\u00e0 gi\u00e1o d\u1ee5c trong qu\u00fd 2\/2025.<\/li>\n<li><strong>Bi\u1ebfn \u0111\u1ed9ng gi\u00e1 n\u0103ng l\u01b0\u1ee3ng<\/strong>: Gi\u00e1 \u0111i\u1ec7n c\u00f3 th\u1ec3 t\u0103ng 15%, trong khi gi\u00e1 x\u0103ng d\u1ea7u t\u0103ng 8%.<\/li>\n<li><strong>M\u1ee5c ti\u00eau GDP cao<\/strong>: K\u1ebf ho\u1ea1ch t\u0103ng tr\u01b0\u1edfng GDP t\u1eeb 8-10% c\u00f3 th\u1ec3 th\u00fac \u0111\u1ea9y nhu c\u1ea7u ti\u00eau d\u00f9ng n\u1ed9i \u0111\u1ecba.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Chi_So_Gia_Tieu_Dung_Dau_Nam_2025\"><\/span>Ch\u1ec9 S\u1ed1 Gi\u00e1 Ti\u00eau D\u00f9ng \u0110\u1ea7u N\u0103m 2025<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>D\u1eef li\u1ec7u CPI th\u00e1ng 1\/2025 cho th\u1ea5y:<\/p>\n<ul>\n<li>T\u0103ng 0,98% so v\u1edbi th\u00e1ng 12\/2024.<\/li>\n<li>T\u0103ng 3,63% so v\u1edbi c\u00f9ng k\u1ef3 n\u0103m tr\u01b0\u1edbc.<\/li>\n<li>L\u1ea1m ph\u00e1t c\u01a1 b\u1ea3n t\u0103ng 3,07% so v\u1edbi c\u00f9ng k\u1ef3.<\/li>\n<\/ul>\n<p>Nh\u1eefng s\u1ed1 li\u1ec7u n\u00e0y c\u1ea7n \u0111\u01b0\u1ee3c so s\u00e1nh v\u1edbi d\u1eef li\u1ec7u l\u1ea1m ph\u00e1t c\u01a1 b\u1ea3n t\u1eeb qu\u00fd IV\/2024 (ph\u1ea7n 3) \u0111\u1ec3 c\u00f3 c\u00e1i nh\u00ecn \u0111\u1ea7y \u0111\u1ee7 h\u01a1n.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Bien_Phap_Kiem_Soat\"><\/span>Bi\u1ec7n Ph\u00e1p Ki\u1ec3m So\u00e1t<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u0110\u1ec3 gi\u1eef l\u1ea1m ph\u00e1t trong kho\u1ea3ng 3-4,5%, vi\u1ec7c theo d\u00f5i ch\u1ec9 s\u1ed1 DXY (\u0111\u00e3 ph\u00e2n t\u00edch trong ph\u1ea7n 5) v\u00e0 ch\u00eanh l\u1ec7ch l\u00e3i su\u1ea5t (ph\u1ea7n 4) s\u1ebd \u0111\u00f3ng vai tr\u00f2 quan tr\u1ecdng trong vi\u1ec7c \u0111i\u1ec1u ch\u1ec9nh ch\u00ednh s\u00e1ch.<\/p>\n<p>Nh\u1eefng k\u1ecbch b\u1ea3n n\u00e0y s\u1ebd l\u00e0 c\u01a1 s\u1edf cho c\u00e1c ph\u00e2n t\u00edch v\u1ec1 t\u1ef7 gi\u00e1 ti\u1ec1n t\u1ec7 ch\u00e2u \u00c1 \u1edf ph\u1ea7n ti\u1ebfp theo.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"7_So_Sanh_Voi_Cac_Dong_Tien_Chau_A\"><\/span>7. So S\u00e1nh V\u1edbi C\u00e1c \u0110\u1ed3ng Ti\u1ec1n Ch\u00e2u \u00c1<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>D\u1ef1a tr\u00ean d\u1ef1 b\u00e1o l\u1ea1m ph\u00e1t 2025 (ph\u1ea7n 6), vi\u1ec7c xem x\u00e9t hi\u1ec7u su\u1ea5t c\u1ee7a VND so v\u1edbi c\u00e1c \u0111\u1ed3ng ti\u1ec1n ASEAN kh\u00e1c gi\u00fap l\u00e0m r\u00f5 h\u01a1n xu h\u01b0\u1edbng t\u1ef7 gi\u00e1.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Tinh_Hinh_Ty_Gia_Trong_Khu_Vuc\"><\/span>T\u00ecnh H\u00ecnh T\u1ef7 Gi\u00e1 Trong Khu V\u1ef1c<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Khi so s\u00e1nh v\u1edbi c\u00e1c \u0111\u1ed3ng ti\u1ec1n ch\u1ee7 ch\u1ed1t trong ASEAN, VND th\u1ec3 hi\u1ec7n m\u1ee9c \u0111\u1ed9 \u1ed5n \u0111\u1ecbnh t\u01b0\u01a1ng \u0111\u1ed1i. Trong qu\u00fd 4\/2024, Peso Philippines (PHP) gi\u1ea3m 4,2% v\u00e0 Baht Th\u00e1i (THB) gi\u1ea3m m\u1ea1nh h\u01a1n, trong khi VND ch\u1ec9 gi\u1ea3m 2,8% so v\u1edbi USD.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Lam_Phat_Trong_Khu_Vuc_ASEAN\"><\/span>L\u1ea1m Ph\u00e1t Trong Khu V\u1ef1c ASEAN<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\">Qu\u1ed1c gia<\/th>\n<th colspan=\"1\" rowspan=\"1\">D\u1ef1 b\u00e1o l\u1ea1m ph\u00e1t 2025<\/th>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Vi\u1ec7t Nam<\/td>\n<td colspan=\"1\" rowspan=\"1\">2,7% &#8211; 3,5%<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Indonesia<\/td>\n<td colspan=\"1\" rowspan=\"1\">3,8%<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Philippines<\/td>\n<td colspan=\"1\" rowspan=\"1\">4,2%<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Malaysia<\/td>\n<td colspan=\"1\" rowspan=\"1\">3,5%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"Cac_Yeu_To_Anh_Huong_Den_Ty_Gia\"><\/span>C\u00e1c Y\u1ebfu T\u1ed1 \u1ea2nh H\u01b0\u1edfng \u0110\u1ebfn T\u1ef7 Gi\u00e1<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7<\/strong>: Ch\u00ednh s\u00e1ch th\u1eadn tr\u1ecdng c\u1ee7a Vi\u1ec7t Nam \u0111\u00f3ng vai tr\u00f2 quan tr\u1ecdng trong vi\u1ec7c ki\u1ec3m so\u00e1t l\u1ea1m ph\u00e1t n\u1ed9i \u0111\u1ecba, mang l\u1ea1i c\u01a1 h\u1ed9i nh\u01b0ng c\u0169ng ti\u1ec1m \u1ea9n r\u1ee7i ro t\u1ef7 gi\u00e1.<\/p>\n<p><strong>Th\u01b0\u01a1ng m\u1ea1i v\u00e0 s\u1ea3n xu\u1ea5t<\/strong>: Bi\u1ebfn \u0111\u1ed9ng t\u1ef7 gi\u00e1 VND ch\u1ecbu \u1ea3nh h\u01b0\u1edfng l\u1edbn t\u1eeb ch\u1ec9 s\u1ed1 s\u1ea3n xu\u1ea5t ASEAN, \u0111\u1eb7c bi\u1ec7t qua ho\u1ea1t \u0111\u1ed9ng xu\u1ea5t kh\u1ea9u. T\u0103ng tr\u01b0\u1edfng GDP c\u1ee7a Trung Qu\u1ed1c c\u0169ng t\u00e1c \u0111\u1ed9ng \u0111\u00e1ng k\u1ec3 (+0,59) th\u00f4ng qua chu\u1ed7i cung \u1ee9ng khu v\u1ef1c.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Rui_Ro_Va_Co_Hoi\"><\/span>R\u1ee7i Ro V\u00e0 C\u01a1 H\u1ed9i<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Nh\u1eefng bi\u1ebfn \u0111\u1ed9ng l\u1edbn t\u1eeb c\u00e1c \u0111\u1ed3ng ti\u1ec1n khu v\u1ef1c c\u00f3 th\u1ec3 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn l\u1ea1m ph\u00e1t t\u1ea1i Vi\u1ec7t Nam. V\u00ed d\u1ee5, khi MYR ho\u1eb7c IDR gi\u1ea3m gi\u00e1 10%, CPI Vi\u1ec7t Nam c\u00f3 th\u1ec3 t\u0103ng th\u00eam 0,3-0,5% th\u00f4ng qua t\u00e1c \u0111\u1ed9ng l\u1ea1m ph\u00e1t nh\u1eadp kh\u1ea9u.<\/p>\n<blockquote><p>&#8220;S\u1ef1 \u1ed5n \u0111\u1ecbnh c\u1ee7a VND m\u1ed9t ph\u1ea7n nh\u1edd v\u00e0o n\u1ec1n t\u1ea3ng kinh t\u1ebf v\u1eefng ch\u1eafc c\u1ee7a Vi\u1ec7t Nam, bao g\u1ed3m hi\u1ec7u su\u1ea5t xu\u1ea5t kh\u1ea9u m\u1ea1nh m\u1ebd v\u00e0 d\u00f2ng v\u1ed1n \u0111\u1ea7u t\u01b0 tr\u1ef1c ti\u1ebfp n\u01b0\u1edbc ngo\u00e0i&#8221;.<\/p><\/blockquote>\n<h3><span class=\"ez-toc-section\" id=\"Quan_Ly_Ty_Gia\"><\/span>Qu\u1ea3n L\u00fd T\u1ef7 Gi\u00e1<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Theo d\u00f5i bi\u1ebfn \u0111\u1ed9ng t\u1ef7 gi\u00e1 khu v\u1ef1c gi\u00fap d\u1ef1 \u0111o\u00e1n \u00e1p l\u1ef1c l\u00ean VND, \u0111\u1eb7c bi\u1ec7t qua c\u01a1 ch\u1ebf lan t\u1ecfa l\u1ea1m ph\u00e1t. Ng\u00e2n h\u00e0ng Nh\u00e0 n\u01b0\u1edbc Vi\u1ec7t Nam (SBV) \u00e1p d\u1ee5ng c\u00e1c bi\u1ec7n ph\u00e1p ki\u1ec3m so\u00e1t thanh kho\u1ea3n ch\u1eb7t ch\u1ebd h\u01a1n so v\u1edbi c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng kh\u00e1c trong khu v\u1ef1c. \u0110i\u1ec1u n\u00e0y t\u1ea1o c\u01a1 s\u1edf \u0111\u1ec3 \u0111i\u1ec1u ch\u1ec9nh chi\u1ebfn l\u01b0\u1ee3c ph\u00f2ng ng\u1eeba r\u1ee7i ro t\u1ef7 gi\u00e1, khi k\u1ebft h\u1ee3p v\u1edbi c\u00e1c ch\u1ec9 s\u1ed1 l\u1ea1m ph\u00e1t c\u01a1 b\u1ea3n (ph\u1ea7n 3) v\u00e0 ch\u00eanh l\u1ec7ch l\u00e3i su\u1ea5t (ph\u1ea7n 4).<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Su_Dung_Cac_Chi_So_Nay_Cho_Dau_Tu\"><\/span>S\u1eed D\u1ee5ng C\u00e1c Ch\u1ec9 S\u1ed1 N\u00e0y Cho \u0110\u1ea7u T\u01b0<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>D\u1ef1a tr\u00ean 7 ch\u1ec9 s\u1ed1 \u0111\u00e3 \u0111\u01b0\u1ee3c ph\u00e2n t\u00edch (nh\u01b0 l\u1ea1m ph\u00e1t c\u01a1 b\u1ea3n, ch\u00eanh l\u1ec7ch l\u00e3i su\u1ea5t&#8230;), nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 \u00e1p d\u1ee5ng c\u00e1c chi\u1ebfn l\u01b0\u1ee3c sau:<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Phan_Tich_Ket_Hop_Cac_Chi_So\"><\/span>Ph\u00e2n T\u00edch K\u1ebft H\u1ee3p C\u00e1c Ch\u1ec9 S\u1ed1<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u0110\u1ec3 \u0111\u01b0a ra quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0 \u0111\u00fang \u0111\u1eafn, vi\u1ec7c k\u1ebft h\u1ee3p ph\u00e2n t\u00edch c\u1ea3 l\u1ea1m ph\u00e1t v\u00e0 t\u1ef7 gi\u00e1 l\u00e0 r\u1ea5t quan tr\u1ecdng. Theo TS. L\u00ea Qu\u1ed1c Ph\u01b0\u01a1ng, v\u1edbi c\u00e1c kho\u1ea3n \u0111\u1ea7u t\u01b0 d\u00e0i h\u1ea1n (tr\u00ean 3 n\u0103m), c\u1ea7n t\u1eadp trung v\u00e0o ch\u00eanh l\u1ec7ch gi\u1eefa t\u0103ng tr\u01b0\u1edfng GDP v\u00e0 m\u1ee5c ti\u00eau l\u1ea1m ph\u00e1t (8% so v\u1edbi 4%). Trong khi \u0111\u00f3, \u0111\u1ed1i v\u1edbi giao d\u1ecbch ng\u1eafn h\u1ea1n, theo d\u00f5i t\u1ef7 l\u1ec7 xu\u1ea5t nh\u1eadp kh\u1ea9u h\u00e0ng th\u00e1ng c\u00f9ng v\u1edbi d\u1ef1 tr\u1eef USD l\u00e0 y\u1ebfu t\u1ed1 quan tr\u1ecdng.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Chien_Luoc_Phong_Ngua_Rui_Ro\"><\/span>Chi\u1ebfn L\u01b0\u1ee3c Ph\u00f2ng Ng\u1eeba R\u1ee7i Ro<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>D\u1eef li\u1ec7u th\u1ecb tr\u01b0\u1eddng n\u0103m 2025 cho th\u1ea5y m\u1ed9t s\u1ed1 chi\u1ebfn l\u01b0\u1ee3c ph\u00e2n b\u1ed5 t\u00e0i s\u1ea3n hi\u1ec7u qu\u1ea3:<\/p>\n<table>\n<colgroup>\n<col \/>\n<col \/>\n<col \/><\/colgroup>\n<tbody>\n<tr>\n<th colspan=\"1\" rowspan=\"1\">K\u1ecbch B\u1ea3n<\/th>\n<th colspan=\"1\" rowspan=\"1\">Ph\u00e2n b\u1ed5<\/th>\n<th colspan=\"1\" rowspan=\"1\">Khi n\u00e0o<\/th>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">L\u1ea1m ph\u00e1t cao<\/td>\n<td colspan=\"1\" rowspan=\"1\">60% VND &#8211; 40% USD<\/td>\n<td colspan=\"1\" rowspan=\"1\">Khi l\u1ea1m ph\u00e1t v\u01b0\u1ee3t 4%<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">USD t\u0103ng m\u1ea1nh<\/td>\n<td colspan=\"1\" rowspan=\"1\">15% v\u00e0o ETF v\u00e0ng<\/td>\n<td colspan=\"1\" rowspan=\"1\">Khi USD v\u01b0\u1ee3t m\u1ed1c 25.800<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">L\u1ea1m ph\u00e1t \u1ed5n \u0111\u1ecbnh<\/td>\n<td colspan=\"1\" rowspan=\"1\">Tr\u00e1i phi\u1ebfu ng\u1eafn h\u1ea1n<\/td>\n<td colspan=\"1\" rowspan=\"1\">Theo chu k\u1ef3 d\u1ef1 b\u00e1o CPI<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"Bai_Hoc_Thuc_Tien\"><\/span>B\u00e0i H\u1ecdc Th\u1ef1c Ti\u1ec5n<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>M\u1ed9t nghi\u00ean c\u1ee9u n\u0103m 2024 cho th\u1ea5y nhi\u1ec1u nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u00e3 m\u1ea5t 12% l\u1ee3i nhu\u1eadn do kh\u00f4ng ch\u00fa \u00fd \u0111\u1ebfn ch\u00eanh l\u1ec7ch l\u00e3i su\u1ea5t gi\u1eefa Ng\u00e2n h\u00e0ng Nh\u00e0 n\u01b0\u1edbc Vi\u1ec7t Nam (4,5%) v\u00e0 C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang M\u1ef9 (5,25-5,5%).<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Cong_Cu_Ho_Tro\"><\/span>C\u00f4ng C\u1ee5 H\u1ed7 Tr\u1ee3<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>N\u1ec1n t\u1ea3ng Infina cung c\u1ea5p b\u1ea3ng \u0111i\u1ec1u khi\u1ec3n l\u1ea1m ph\u00e1t theo th\u1eddi gian th\u1ef1c v\u00e0 c\u00f4ng c\u1ee5 m\u00f4 ph\u1ecfng t\u00e1c \u0111\u1ed9ng c\u1ee7a t\u1ef7 gi\u00e1, gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 d\u1ec5 d\u00e0ng theo d\u00f5i v\u00e0 \u0111i\u1ec1u ch\u1ec9nh chi\u1ebfn l\u01b0\u1ee3c.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Yeu_To_Quan_Trong_Trong_Nam_2025\"><\/span>Y\u1ebfu T\u1ed1 Quan Tr\u1ecdng Trong N\u0103m 2025<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>M\u1ed9t s\u1ed1 y\u1ebfu t\u1ed1 c\u1ea7n \u0111\u01b0\u1ee3c theo d\u00f5i s\u00e1t sao trong n\u0103m t\u1edbi bao g\u1ed3m:<\/p>\n<ul>\n<li>S\u1ef1 \u0111i\u1ec1u ch\u1ec9nh gi\u00e1 \u0111i\u1ec7n c\u00f3 th\u1ec3 t\u00e1c \u0111\u1ed9ng \u0111\u1ebfn CPI c\u01a1 b\u1ea3n.<\/li>\n<li>Fed c\u00f3 kh\u1ea3 n\u0103ng tr\u00ec ho\u00e3n vi\u1ec7c c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t sau qu\u00fd 2.<\/li>\n<\/ul>\n<p>K\u1ebft h\u1ee3p c\u00e1c ch\u1ec9 s\u1ed1 n\u00e0y v\u1edbi c\u00f4ng c\u1ee5 theo d\u00f5i chuy\u00ean s\u00e2u s\u1ebd gi\u00fap t\u1ed1i \u01b0u h\u00f3a quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0 trong b\u1ed1i c\u1ea3nh th\u1ecb tr\u01b0\u1eddng \u0111\u1ea7y bi\u1ebfn \u0111\u1ed9ng c\u1ee7a n\u0103m 2025.<\/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>D\u1ef1a tr\u00ean 7 ch\u1ec9 s\u1ed1 \u0111\u00e3 ph\u00e2n t\u00edch (bi\u1ebfn \u0111\u1ed9ng VND-l\u1ea1m ph\u00e1t, ch\u00eanh l\u1ec7ch l\u00e3i su\u1ea5t&#8230;), d\u1eef li\u1ec7u giai \u0111o\u1ea1n 2024-2025 cho th\u1ea5y m\u1ed1i li\u00ean h\u1ec7 ch\u1eb7t ch\u1ebd gi\u1eefa c\u00e1c y\u1ebfu t\u1ed1 kinh t\u1ebf v\u0129 m\u00f4 v\u00e0 t\u1ef7 gi\u00e1. Theo nghi\u00ean c\u1ee9u c\u1ee7a TS. Nguy\u1ec5n \u0110\u1ee9c \u0110\u1ed9, m\u1ed7i bi\u1ebfn \u0111\u1ed9ng t\u1eeb 0.18-0.28% trong CPI h\u00e0ng th\u00e1ng c\u00f3 \u1ea3nh h\u01b0\u1edfng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn s\u1ef1 \u1ed5n \u0111\u1ecbnh c\u1ee7a \u0111\u1ed3ng ti\u1ec1n.<\/p>\n<p>Vi\u1ec7c ph\u00e2n t\u00edch \u0111\u1ed3ng th\u1eddi c\u00e1c ch\u1ec9 s\u1ed1 nh\u01b0 l\u1ea1m ph\u00e1t c\u01a1 b\u1ea3n, ch\u00eanh l\u1ec7ch l\u00e3i su\u1ea5t, v\u00e0 gi\u00e1 h\u00e0ng h\u00f3a to\u00e0n c\u1ea7u mang l\u1ea1i l\u1ee3i \u00edch l\u1edbn cho nh\u00e0 \u0111\u1ea7u t\u01b0, bao g\u1ed3m:<\/p>\n<ul>\n<li><strong>D\u1ef1 b\u00e1o bi\u00ean \u0111\u1ed9 t\u1ef7 gi\u00e1 ch\u00ednh x\u00e1c h\u01a1n<\/strong>: D\u1ef1a tr\u00ean d\u1ef1 b\u00e1o CPI 2025 s\u1ebd dao \u0111\u1ed9ng t\u1eeb 3-4.5% c\u00f9ng c\u00e1c ch\u00ednh s\u00e1ch c\u1ee7a Ng\u00e2n h\u00e0ng Nh\u00e0 n\u01b0\u1edbc.<\/li>\n<li><strong>Qu\u1ea3n l\u00fd danh m\u1ee5c \u0111\u1ea7u t\u01b0 hi\u1ec7u qu\u1ea3<\/strong>: Theo d\u00f5i nhi\u1ec1u ch\u1ec9 s\u1ed1 v\u00e0 \u00e1p d\u1ee5ng c\u00e1c chi\u1ebfn l\u01b0\u1ee3c qu\u1ea3n l\u00fd r\u1ee7i ro ch\u1ee7 \u0111\u1ed9ng.<\/li>\n<\/ul>\n<p>Tuy v\u1eady, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n th\u1eadn tr\u1ecdng tr\u01b0\u1edbc nh\u1eefng y\u1ebfu t\u1ed1 b\u00ean ngo\u00e0i, \u0111\u1eb7c bi\u1ec7t l\u00e0 ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 c\u1ee7a M\u1ef9 v\u00e0 di\u1ec5n bi\u1ebfn quan h\u1ec7 th\u01b0\u01a1ng m\u1ea1i qu\u1ed1c t\u1ebf.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Du_bao_lam_phat_Viet_Nam_nam_2025_la_bao_nhieu\"><\/span>D\u1ef1 b\u00e1o l\u1ea1m ph\u00e1t Vi\u1ec7t Nam n\u0103m 2025 l\u00e0 bao nhi\u00eau?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Theo Vi\u1ec7n Kinh t\u1ebf &#8211; T\u00e0i ch\u00ednh, l\u1ea1m ph\u00e1t n\u0103m 2025 \u0111\u01b0\u1ee3c d\u1ef1 \u0111o\u00e1n n\u1eb1m trong kho\u1ea3ng 3-4,5%. Con s\u1ed1 n\u00e0y ph\u1ee5 thu\u1ed9c v\u00e0o c\u00e1c y\u1ebfu t\u1ed1 nh\u01b0 \u00e1p l\u1ef1c t\u1ef7 gi\u00e1, bi\u1ebfn \u0111\u1ed9ng gi\u00e1 d\u1ea7u v\u00e0 ch\u00ednh s\u00e1ch l\u00e3i su\u1ea5t. Chi ti\u1ebft v\u1ec1 3 k\u1ecbch b\u1ea3n l\u1ea1m ph\u00e1t \u0111\u00e3 \u0111\u01b0\u1ee3c tr\u00ecnh b\u00e0y \u1edf Ph\u1ea7n 6.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Ty_le_lam_phat_Viet_Nam_10_nam_qua_la_bao_nhieu\"><\/span>T\u1ef7 l\u1ec7 l\u1ea1m ph\u00e1t Vi\u1ec7t Nam 10 n\u0103m qua l\u00e0 bao nhi\u00eau?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Trong giai \u0111o\u1ea1n 2013-2022, t\u1ef7 l\u1ec7 l\u1ea1m ph\u00e1t trung b\u00ecnh c\u1ee7a Vi\u1ec7t Nam \u0111\u1ea1t 3,2%, cao h\u01a1n m\u1ee9c 2,1% c\u1ee7a khu v\u1ef1c ch\u00e2u \u00c1 &#8211; Th\u00e1i B\u00ecnh D\u01b0\u01a1ng. Xu h\u01b0\u1edbng n\u00e0y t\u01b0\u01a1ng \u0111\u1ed3ng v\u1edbi ph\u00e2n t\u00edch giai \u0111o\u1ea1n 2015-2024 trong Ph\u1ea7n 1.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Ty_le_lam_phat_hien_tai_cua_Viet_Nam_la_bao_nhieu\"><\/span>T\u1ef7 l\u1ec7 l\u1ea1m ph\u00e1t hi\u1ec7n t\u1ea1i c\u1ee7a Vi\u1ec7t Nam l\u00e0 bao nhi\u00eau?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>T\u00ednh \u0111\u1ebfn th\u00e1ng 1\/2025, t\u1ef7 l\u1ec7 l\u1ea1m ph\u00e1t l\u00e0 3,63%. M\u1ee9c t\u0103ng n\u00e0y ch\u1ee7 y\u1ebfu \u0111\u1ebfn t\u1eeb nh\u00f3m l\u01b0\u01a1ng th\u1ef1c v\u00e0 giao th\u00f4ng. C\u00e1c di\u1ec5n bi\u1ebfn CPI h\u00e0ng th\u00e1ng v\u00e0 nh\u1eefng nh\u00f3m t\u00e1c \u0111\u1ed9ng ch\u00ednh \u0111\u01b0\u1ee3c c\u1eadp nh\u1eadt chi ti\u1ebft \u1edf Ph\u1ea7n 3 v\u00e0 Ph\u1ea7n 6.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>T&#7927; gi&aacute; VND v&agrave; l&#7841;m ph&aacute;t &#273;ang l&agrave; nh&#7919;ng y&#7871;u t&#7889; kinh t&#7871; c&#7847;n quan t&acirc;m nh&#7845;t n&#259;m 2025. L&#7841;m ph&aacute;t &#273;&#432;&#7907;c d&#7921; b&aacute;o dao &#273;&#7897;ng t&#7915; 3,0% &#273;&#7871;n 3,5%, trong khi t&#7927; gi&aacute; USD\/VND c&oacute; th&#7875; n&#7857;m trong kho&#7843;ng 25.500 &ndash; 25.800 trong qu&yacute; I. D&#432;&#7899;i &#273;&acirc;y l&agrave; 7 ch&#7881; s&#7889; quan tr&#7885;ng &#273;&#7875; [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":26107,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-26106","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\/26106","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=26106"}],"version-history":[{"count":0,"href":"https:\/\/infina.vn\/blog\/wp-json\/wp\/v2\/posts\/26106\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/infina.vn\/blog\/wp-json\/wp\/v2\/media\/26107"}],"wp:attachment":[{"href":"https:\/\/infina.vn\/blog\/wp-json\/wp\/v2\/media?parent=26106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infina.vn\/blog\/wp-json\/wp\/v2\/categories?post=26106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infina.vn\/blog\/wp-json\/wp\/v2\/tags?post=26106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}