{"id":26568,"date":"2025-03-31T16:49:11","date_gmt":"2025-03-31T09:49:11","guid":{"rendered":"https:\/\/infina.vn\/blog\/?p=26568"},"modified":"2025-03-31T16:49:11","modified_gmt":"2025-03-31T09:49:11","slug":"fed-tang-lai-suat-anh-huong-gi-den-lai-suat-viet-nam-tc","status":"publish","type":"post","link":"https:\/\/infina.vn\/blog\/fed-tang-lai-suat-anh-huong-gi-den-lai-suat-viet-nam-tc\/","title":{"rendered":"FED t\u0103ng l\u00e3i su\u1ea5t \u1ea3nh h\u01b0\u1edfng g\u00ec \u0111\u1ebfn l\u00e3i su\u1ea5t Vi\u1ec7t Nam?"},"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;26568&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;FED t\u0103ng l\u00e3i su\u1ea5t \u1ea3nh h\u01b0\u1edfng g\u00ec \u0111\u1ebfn l\u00e3i su\u1ea5t Vi\u1ec7t Nam?&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>FED<\/strong><strong> t\u0103ng l\u00e3i su\u1ea5t l\u00e0m t\u0103ng \u00e1p l\u1ef1c l\u00ean kinh t\u1ebf Vi\u1ec7t Nam.<\/strong> \u0110i\u1ec1u n\u00e0y \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn t\u1ef7 gi\u00e1 VND\/USD, chi ph\u00ed vay v\u1ed1n v\u00e0 d\u00f2ng v\u1ed1n qu\u1ed1c t\u1ebf. Ng\u00e2n h\u00e0ng Nh\u00e0 n\u01b0\u1edbc Vi\u1ec7t Nam (NHNN) \u0111\u00e3 th\u1ef1c hi\u1ec7n c\u00e1c bi\u1ec7n ph\u00e1p nh\u01b0 qu\u1ea3n l\u00fd t\u1ef7 gi\u00e1, \u0111i\u1ec1u ch\u1ec9nh l\u00e3i su\u1ea5t v\u00e0 \u0111\u1ea3m b\u1ea3o thanh kho\u1ea3n \u0111\u1ec3 gi\u1eef \u1ed5n \u0111\u1ecbnh th\u1ecb tr\u01b0\u1eddng.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_73 ez-toc-wrap-center counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">N\u1ed9i dung ch\u00ednh<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/infina.vn\/blog\/fed-tang-lai-suat-anh-huong-gi-den-lai-suat-viet-nam-tc\/#Tom_tat_tac_dong_chinh\" title=\"T\u00f3m t\u1eaft t\u00e1c \u0111\u1ed9ng ch\u00ednh:\">T\u00f3m t\u1eaft t\u00e1c \u0111\u1ed9ng ch\u00ednh:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/infina.vn\/blog\/fed-tang-lai-suat-anh-huong-gi-den-lai-suat-viet-nam-tc\/#Bien_phap_cua_Viet_Nam\" title=\"Bi\u1ec7n ph\u00e1p c\u1ee7a Vi\u1ec7t Nam:\">Bi\u1ec7n ph\u00e1p c\u1ee7a Vi\u1ec7t Nam:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/infina.vn\/blog\/fed-tang-lai-suat-anh-huong-gi-den-lai-suat-viet-nam-tc\/#Loi_ich_va_thach_thuc\" title=\"L\u1ee3i \u00edch v\u00e0 th\u00e1ch th\u1ee9c:\">L\u1ee3i \u00edch v\u00e0 th\u00e1ch th\u1ee9c:<\/a><\/li><\/ul><\/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\/fed-tang-lai-suat-anh-huong-gi-den-lai-suat-viet-nam-tc\/#1_Hieu_ve_thay_doi_lai_suat_cua_FED\" title=\"1. Hi\u1ec3u v\u1ec1 thay \u0111\u1ed5i l\u00e3i su\u1ea5t c\u1ee7a FED\">1. Hi\u1ec3u v\u1ec1 thay \u0111\u1ed5i l\u00e3i su\u1ea5t c\u1ee7a FED<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/infina.vn\/blog\/fed-tang-lai-suat-anh-huong-gi-den-lai-suat-viet-nam-tc\/#Tac_dong_truc_tiep_den_lai_suat\" title=\"T\u00e1c \u0111\u1ed9ng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn l\u00e3i su\u1ea5t\">T\u00e1c \u0111\u1ed9ng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn l\u00e3i su\u1ea5t<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/infina.vn\/blog\/fed-tang-lai-suat-anh-huong-gi-den-lai-suat-viet-nam-tc\/#Bien_dong_ty_gia_hoi_doai\" title=\"Bi\u1ebfn \u0111\u1ed9ng t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i\">Bi\u1ebfn \u0111\u1ed9ng t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i<\/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\/fed-tang-lai-suat-anh-huong-gi-den-lai-suat-viet-nam-tc\/#Dong_von_quoc_te\" title=\"D\u00f2ng v\u1ed1n qu\u1ed1c t\u1ebf\">D\u00f2ng v\u1ed1n qu\u1ed1c t\u1ebf<\/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\/fed-tang-lai-suat-anh-huong-gi-den-lai-suat-viet-nam-tc\/#2_Phan_ung_cua_Viet_Nam_truoc_thay_doi_cua_FED\" title=\"2. Ph\u1ea3n \u1ee9ng c\u1ee7a Vi\u1ec7t Nam tr\u01b0\u1edbc thay \u0111\u1ed5i c\u1ee7a FED\">2. Ph\u1ea3n \u1ee9ng c\u1ee7a Vi\u1ec7t Nam tr\u01b0\u1edbc thay \u0111\u1ed5i c\u1ee7a FED<\/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\/fed-tang-lai-suat-anh-huong-gi-den-lai-suat-viet-nam-tc\/#Dieu_chinh_chinh_sach_tien_te\" title=\"\u0110i\u1ec1u ch\u1ec9nh ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7\">\u0110i\u1ec1u ch\u1ec9nh ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7<\/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\/fed-tang-lai-suat-anh-huong-gi-den-lai-suat-viet-nam-tc\/#On_dinh_thi_truong_tien_te\" title=\"\u1ed4n \u0111\u1ecbnh th\u1ecb tr\u01b0\u1eddng ti\u1ec1n t\u1ec7\">\u1ed4n \u0111\u1ecbnh th\u1ecb tr\u01b0\u1eddng ti\u1ec1n t\u1ec7<\/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\/fed-tang-lai-suat-anh-huong-gi-den-lai-suat-viet-nam-tc\/#Bang_so_sanh_cac_bien_phap_ung_pho\" title=\"B\u1ea3ng so s\u00e1nh c\u00e1c bi\u1ec7n ph\u00e1p \u1ee9ng ph\u00f3\">B\u1ea3ng so s\u00e1nh c\u00e1c bi\u1ec7n ph\u00e1p \u1ee9ng ph\u00f3<\/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\/fed-tang-lai-suat-anh-huong-gi-den-lai-suat-viet-nam-tc\/#Tac_dong_den_he_thong_ngan_hang\" title=\"T\u00e1c \u0111\u1ed9ng \u0111\u1ebfn h\u1ec7 th\u1ed1ng ng\u00e2n h\u00e0ng\">T\u00e1c \u0111\u1ed9ng \u0111\u1ebfn h\u1ec7 th\u1ed1ng ng\u00e2n h\u00e0ng<\/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\/fed-tang-lai-suat-anh-huong-gi-den-lai-suat-viet-nam-tc\/#Loi_ich_va_thach_thuc-2\" title=\"L\u1ee3i \u00edch v\u00e0 th\u00e1ch th\u1ee9c\">L\u1ee3i \u00edch v\u00e0 th\u00e1ch th\u1ee9c<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/infina.vn\/blog\/fed-tang-lai-suat-anh-huong-gi-den-lai-suat-viet-nam-tc\/#Tac_dong_tich_cuc\" title=\"T\u00e1c \u0111\u1ed9ng t\u00edch c\u1ef1c\">T\u00e1c \u0111\u1ed9ng t\u00edch c\u1ef1c<\/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\/fed-tang-lai-suat-anh-huong-gi-den-lai-suat-viet-nam-tc\/#Thach_thuc_can_doi_mat\" title=\"Th\u00e1ch th\u1ee9c c\u1ea7n \u0111\u1ed1i m\u1eb7t\">Th\u00e1ch th\u1ee9c c\u1ea7n \u0111\u1ed1i m\u1eb7t<\/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\/fed-tang-lai-suat-anh-huong-gi-den-lai-suat-viet-nam-tc\/#Bang_so_sanh_tac_dong_cua_dieu_chinh_lai_suat\" title=\"B\u1ea3ng so s\u00e1nh t\u00e1c \u0111\u1ed9ng c\u1ee7a \u0111i\u1ec1u ch\u1ec9nh l\u00e3i su\u1ea5t\">B\u1ea3ng so s\u00e1nh t\u00e1c \u0111\u1ed9ng c\u1ee7a \u0111i\u1ec1u ch\u1ec9nh l\u00e3i su\u1ea5t<\/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\/fed-tang-lai-suat-anh-huong-gi-den-lai-suat-viet-nam-tc\/#Giai_phap_toi_uu_hoa\" title=\"Gi\u1ea3i ph\u00e1p t\u1ed1i \u01b0u h\u00f3a\">Gi\u1ea3i ph\u00e1p t\u1ed1i \u01b0u h\u00f3a<\/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\/fed-tang-lai-suat-anh-huong-gi-den-lai-suat-viet-nam-tc\/#Ket_luan\" title=\"K\u1ebft lu\u1eadn\">K\u1ebft lu\u1eadn<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"Tom_tat_tac_dong_chinh\"><\/span>T\u00f3m t\u1eaft t\u00e1c \u0111\u1ed9ng ch\u00ednh:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>T\u1ef7 gi\u00e1:<\/strong> USD t\u0103ng gi\u00e1, VND ch\u1ecbu \u00e1p l\u1ef1c m\u1ea5t gi\u00e1.<\/li>\n<li><strong>L\u00e3i su\u1ea5t:<\/strong> \u00c1p l\u1ef1c t\u0103ng l\u00e3i su\u1ea5t n\u1ed9i \u0111\u1ecba \u0111\u1ec3 c\u1ea1nh tranh v\u1edbi USD.<\/li>\n<li><strong>D\u00f2ng v\u1ed1n:<\/strong> D\u00f2ng v\u1ed1n r\u00fat kh\u1ecfi th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i, \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn \u0111\u1ea7u t\u01b0.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Bien_phap_cua_Viet_Nam\"><\/span>Bi\u1ec7n ph\u00e1p c\u1ee7a Vi\u1ec7t Nam:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>Qu\u1ea3n l\u00fd t\u1ef7 gi\u00e1:<\/strong> Duy tr\u00ec bi\u00ean \u0111\u1ed9 dao \u0111\u1ed9ng +\/-3%.<\/li>\n<li><strong>L\u00e3i su\u1ea5t:<\/strong> \u0110i\u1ec1u ch\u1ec9nh linh ho\u1ea1t \u0111\u1ec3 ki\u1ec3m so\u00e1t l\u1ea1m ph\u00e1t.<\/li>\n<li><strong>Thanh kho\u1ea3n:<\/strong> S\u1eed d\u1ee5ng d\u1ef1 tr\u1eef ngo\u1ea1i h\u1ed1i v\u00e0 nghi\u1ec7p v\u1ee5 th\u1ecb tr\u01b0\u1eddng m\u1edf.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Loi_ich_va_thach_thuc\"><\/span>L\u1ee3i \u00edch v\u00e0 th\u00e1ch th\u1ee9c:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>L\u1ee3i \u00edch:<\/strong> Ki\u1ec3m so\u00e1t l\u1ea1m ph\u00e1t, l\u00e3i su\u1ea5t g\u1eedi ti\u1ebft ki\u1ec7m h\u1ea5p d\u1eabn (l\u00ean \u0111\u1ebfn 5,80%\/n\u0103m).<\/li>\n<li><strong>Th\u00e1ch th\u1ee9c:<\/strong> Chi ph\u00ed vay v\u1ed1n t\u0103ng, \u00e1p l\u1ef1c t\u1ef7 gi\u00e1 l\u1edbn.<\/li>\n<\/ul>\n<p>\u0110\u1ec3 t\u1ed1i \u01b0u, ng\u01b0\u1eddi d\u00e2n n\u00ean theo d\u00f5i l\u00e3i su\u1ea5t, ph\u00e2n b\u1ed5 k\u1ef3 h\u1ea1n linh ho\u1ea1t v\u00e0 c\u1eadp nh\u1eadt th\u00f4ng tin th\u1ecb tr\u01b0\u1eddng th\u01b0\u1eddng xuy\u00ean.<\/p>\n<div class=\"sb-iframe-wrapper\" contenteditable=\"false\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"1_Hieu_ve_thay_doi_lai_suat_cua_FED\"><\/span>1. Hi\u1ec3u v\u1ec1 thay \u0111\u1ed5i l\u00e3i su\u1ea5t c\u1ee7a FED<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Khi FED (C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang M\u1ef9) \u0111i\u1ec1u ch\u1ec9nh l\u00e3i su\u1ea5t, t\u00e1c \u0111\u1ed9ng c\u1ee7a quy\u1ebft \u0111\u1ecbnh n\u00e0y lan r\u1ed9ng kh\u1eafp th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh to\u00e0n c\u1ea7u qua ba k\u00eanh ch\u00ednh: <strong>l\u00e3i su\u1ea5t<\/strong>, <strong>t\u1ef7 gi\u00e1<\/strong>, v\u00e0 <strong>d\u00f2ng v\u1ed1n<\/strong>.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Tac_dong_truc_tiep_den_lai_suat\"><\/span>T\u00e1c \u0111\u1ed9ng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn l\u00e3i su\u1ea5t<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Khi FED t\u0103ng l\u00e3i su\u1ea5t c\u01a1 b\u1ea3n (Federal Funds Rate), hi\u1ec7u \u1ee9ng n\u00e0y \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn th\u1ecb tr\u01b0\u1eddng to\u00e0n c\u1ea7u. L\u00e3i su\u1ea5t USD t\u0103ng bu\u1ed9c c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng kh\u00e1c ph\u1ea3i \u0111i\u1ec1u ch\u1ec9nh l\u00e3i su\u1ea5t \u0111\u1ec3 gi\u1eef \u1ed5n \u0111\u1ecbnh ti\u1ec1n t\u1ec7 v\u00e0 ki\u1ec3m so\u00e1t l\u1ea1m ph\u00e1t.<\/p>\n<p>S\u1ef1 thay \u0111\u1ed5i n\u00e0y kh\u00f4ng ch\u1ec9 d\u1eebng l\u1ea1i \u1edf l\u00e3i su\u1ea5t n\u1ed9i \u0111\u1ecba m\u00e0 c\u00f2n \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn t\u1ef7 gi\u00e1 v\u00e0 d\u00f2ng v\u1ed1n qu\u1ed1c t\u1ebf.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Bien_dong_ty_gia_hoi_doai\"><\/span>Bi\u1ebfn \u0111\u1ed9ng t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>L\u00e3i su\u1ea5t USD cao h\u01a1n l\u00e0m t\u0103ng s\u1ee9c h\u1ea5p d\u1eabn c\u1ee7a \u0111\u1ed3ng USD, d\u1eabn \u0111\u1ebfn m\u1ed9t lo\u1ea1t thay \u0111\u1ed5i:<\/p>\n<ul>\n<li>Nhu c\u1ea7u USD t\u0103ng khi nh\u00e0 \u0111\u1ea7u t\u01b0 chuy\u1ec3n \u0111\u1ed5i t\u1eeb c\u00e1c lo\u1ea1i ti\u1ec1n t\u1ec7 kh\u00e1c.<\/li>\n<li>\u0110\u1ed3ng n\u1ed9i t\u1ec7 c\u1ee7a c\u00e1c n\u1ec1n kinh t\u1ebf m\u1edbi n\u1ed5i b\u1ecb m\u1ea5t gi\u00e1.<\/li>\n<li>Chi ph\u00ed vay b\u1eb1ng USD t\u0103ng, g\u00e2y \u00e1p l\u1ef1c tr\u1ea3 n\u1ee3 cho doanh nghi\u1ec7p v\u00e0 ch\u00ednh ph\u1ee7.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Dong_von_quoc_te\"><\/span>D\u00f2ng v\u1ed1n qu\u1ed1c t\u1ebf<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Khi l\u00e3i su\u1ea5t USD t\u0103ng, th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh M\u1ef9 tr\u1edf n\u00ean h\u1ea5p d\u1eabn h\u01a1n, d\u1eabn \u0111\u1ebfn xu h\u01b0\u1edbng r\u00fat v\u1ed1n kh\u1ecfi c\u00e1c th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i \u0111\u1ec3 d\u1ecbch chuy\u1ec3n sang c\u00e1c th\u1ecb tr\u01b0\u1eddng an to\u00e0n h\u01a1n nh\u01b0 M\u1ef9. \u0110i\u1ec1u n\u00e0y d\u1eabn \u0111\u1ebfn:<\/p>\n<ul>\n<li>\u00c1p l\u1ef1c r\u00fat v\u1ed1n kh\u1ecfi c\u00e1c n\u1ec1n kinh t\u1ebf m\u1edbi n\u1ed5i.<\/li>\n<li>S\u1ef1 bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh tr\u00ean th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n.<\/li>\n<li>Kh\u00f3 kh\u0103n trong vi\u1ec7c huy \u0111\u1ed9ng v\u1ed1n qu\u1ed1c t\u1ebf.<\/li>\n<\/ul>\n<p>B\u1ea3ng d\u01b0\u1edbi \u0111\u00e2y t\u00f3m t\u1eaft t\u00e1c \u0111\u1ed9ng c\u1ee7a vi\u1ec7c FED t\u0103ng l\u00e3i su\u1ea5t:<\/p>\n<table>\n<colgroup>\n<col \/>\n<col \/>\n<col \/><\/colgroup>\n<tbody>\n<tr>\n<th colspan=\"1\" rowspan=\"1\">Kh\u00eda c\u1ea1nh<\/th>\n<th colspan=\"1\" rowspan=\"1\">T\u00e1c \u0111\u1ed9ng ng\u1eafn h\u1ea1n<\/th>\n<th colspan=\"1\" rowspan=\"1\">T\u00e1c \u0111\u1ed9ng d\u00e0i h\u1ea1n<\/th>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">T\u1ef7 gi\u00e1<\/td>\n<td colspan=\"1\" rowspan=\"1\">USD t\u0103ng gi\u00e1<\/td>\n<td colspan=\"1\" rowspan=\"1\">Bi\u1ebfn \u0111\u1ed9ng k\u00e9o d\u00e0i<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">D\u00f2ng v\u1ed1n<\/td>\n<td colspan=\"1\" rowspan=\"1\">R\u00fat kh\u1ecfi th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i<\/td>\n<td colspan=\"1\" rowspan=\"1\">T\u00e1i \u0111\u1ecbnh h\u00ecnh \u0111\u1ea7u t\u01b0 to\u00e0n c\u1ea7u<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">L\u00e3i su\u1ea5t<\/td>\n<td colspan=\"1\" rowspan=\"1\">\u00c1p l\u1ef1c t\u0103ng<\/td>\n<td colspan=\"1\" rowspan=\"1\">\u0110i\u1ec1u ch\u1ec9nh ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Hi\u1ec3u r\u00f5 c\u00e1c t\u00e1c \u0111\u1ed9ng n\u00e0y l\u00e0 b\u01b0\u1edbc \u0111\u1ea7u \u0111\u1ec3 d\u1ef1 \u0111o\u00e1n ph\u1ea3n \u1ee9ng c\u1ee7a th\u1ecb tr\u01b0\u1eddng Vi\u1ec7t Nam. Nh\u1eefng c\u01a1 ch\u1ebf tr\u00ean s\u1ebd l\u00e0 c\u01a1 s\u1edf \u0111\u1ec3 ph\u00e2n t\u00edch chi ti\u1ebft h\u01a1n v\u1ec1 \u1ea3nh h\u01b0\u1edfng \u0111\u1ed1i v\u1edbi n\u1ec1n kinh t\u1ebf Vi\u1ec7t Nam trong ph\u1ea7n ti\u1ebfp theo.<\/p>\n    <div class=\"infina-box\">\n\t\t <div class=\"qr-code\" style=\"margin-top: 20px;\">\n            <a href=\"https:\/\/infina.vn\/?utm_content=blog_thuc\" target=\"_blank\">\n                <img decoding=\"async\" src=\"http:\/\/infina.vn\/blog\/wp-content\/uploads\/2025\/02\/app_banner-09-1-1.png\" alt=\"QR Code Infina\" title=\"\">\n            <\/a>\n        <\/div>\n        <p style=\"color: black;\"><strong>T\u00e0i kho\u1ea3n nh\u1eadn ti\u1ec1n, Sinh l\u1eddi t\u1ef1 \u0111\u1ed9ng nh\u01b0 g\u1eedi ti\u1ebft ki\u1ec7m!<\/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\">N\u1ea1p v\u00e0 r\u00fat ti\u1ec1n nhanh ch\u00f3ng trong v\u00f2ng 30 gi\u00e2y, nh\u1eadn l\u1ee3i nhu\u1eadn 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\">\u0110\u01b0\u1ee3c C\u00f4ng ty TNHH MTV qu\u1ea3n l\u00fd qu\u1ef9 ACB (ACBC), C\u00f4ng ty c\u1ed5 ph\u1ea7n qu\u1ea3n l\u00fd qu\u1ef9 PVI (PVI AM) qu\u1ea3n l\u00fd \u0111\u1ea7u t\u01b0 v\u00e0 Ng\u00e2n h\u00e0ng BIDV l\u01b0u k\u00fd. Qu\u1ef9 ACBC, v\u00e0 Qu\u1ef9 PVI AM s\u1ebd th\u1ef1c hi\u1ec7n g\u1eedi ti\u1ec1n t\u1ea1i c\u00e1c ng\u00e2n h\u00e0ng, t\u1ed5 ch\u1ee9c t\u00edn d\u1ee5ng uy t\u00edn.<\/p>\n        <a class=\"infina-button\" href=\"https:\/\/infina.vn\/?utm_content=blog_thuc\" style=\"margin-bottom: 20px; display: inline-block;\">Tr\u1ea3i nghi\u1ec7m sinh l\u1eddi mi\u1ec5n ph\u00ed<\/a>\n    <\/div>\n    \n<h2><span class=\"ez-toc-section\" id=\"2_Phan_ung_cua_Viet_Nam_truoc_thay_doi_cua_FED\"><\/span>2. Ph\u1ea3n \u1ee9ng c\u1ee7a Vi\u1ec7t Nam tr\u01b0\u1edbc thay \u0111\u1ed5i c\u1ee7a FED<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Dieu_chinh_chinh_sach_tien_te\"><\/span>\u0110i\u1ec1u ch\u1ec9nh ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Ng\u00e2n h\u00e0ng Nh\u00e0 n\u01b0\u1edbc Vi\u1ec7t Nam (NHNN) \u0111\u00e3 ph\u1ea3n \u1ee9ng nhanh ch\u00f3ng tr\u01b0\u1edbc c\u00e1c quy\u1ebft \u0111\u1ecbnh c\u1ee7a FED b\u1eb1ng c\u00e1ch s\u1eed d\u1ee5ng c\u00e1c c\u00f4ng c\u1ee5 ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 nh\u01b0:<\/p>\n<ul>\n<li><strong>Qu\u1ea3n l\u00fd t\u1ef7 gi\u00e1<\/strong>: Duy tr\u00ec bi\u00ean \u0111\u1ed9 dao \u0111\u1ed9ng +\/-3% cho t\u1ef7 gi\u00e1 USD\/VND.<\/li>\n<li><strong>D\u1ef1 tr\u1eef ngo\u1ea1i h\u1ed1i<\/strong>: Gi\u1eef m\u1ee9c d\u1ef1 tr\u1eef \u1ed5n \u0111\u1ecbnh \u0111\u1ec3 s\u1eb5n s\u00e0ng can thi\u1ec7p khi c\u1ea7n thi\u1ebft.<\/li>\n<li><strong>L\u00e3i su\u1ea5t<\/strong>: \u0110i\u1ec1u ch\u1ec9nh l\u00e3i su\u1ea5t \u0111i\u1ec1u h\u00e0nh ph\u00f9 h\u1ee3p v\u1edbi t\u00ecnh h\u00ecnh th\u1ecb tr\u01b0\u1eddng.<\/li>\n<\/ul>\n<p>Nh\u1eefng bi\u1ec7n ph\u00e1p n\u00e0y \u0111\u01b0\u1ee3c tri\u1ec3n khai nh\u1eb1m h\u1ed7 tr\u1ee3 \u1ed5n \u0111\u1ecbnh th\u1ecb tr\u01b0\u1eddng ti\u1ec1n t\u1ec7 v\u00e0 \u0111\u1ea1t \u0111\u01b0\u1ee3c c\u00e1c m\u1ee5c ti\u00eau quan tr\u1ecdng.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"On_dinh_thi_truong_tien_te\"><\/span>\u1ed4n \u0111\u1ecbnh th\u1ecb tr\u01b0\u1eddng ti\u1ec1n t\u1ec7<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>NHNN \u0111\u1eb7t tr\u1ecdng t\u00e2m v\u00e0o ba m\u1ee5c ti\u00eau ch\u00ednh:<\/p>\n<p>1. <strong>Ki\u1ec3m so\u00e1t l\u1ea1m ph\u00e1t<\/strong>: Duy tr\u00ec m\u1ee9c l\u1ea1m ph\u00e1t d\u01b0\u1edbi 4%, \u0111\u1ea3m b\u1ea3o s\u1ef1 \u1ed5n \u0111\u1ecbnh gi\u00e1 c\u1ea3.<\/p>\n<p>2. <strong>\u1ed4n \u0111\u1ecbnh t\u1ef7 gi\u00e1<\/strong>: \u00c1p d\u1ee5ng c\u01a1 ch\u1ebf t\u1ef7 gi\u00e1 trung t\u00e2m linh ho\u1ea1t trong ph\u1ea1m vi bi\u00ean \u0111\u1ed9 cho ph\u00e9p.<\/p>\n<p>3. <strong>\u0110\u1ea3m b\u1ea3o thanh kho\u1ea3n<\/strong>: S\u1eed d\u1ee5ng c\u00e1c nghi\u1ec7p v\u1ee5 th\u1ecb tr\u01b0\u1eddng m\u1edf v\u00e0 t\u00e1i c\u1ea5p v\u1ed1n \u0111\u1ec3 \u0111i\u1ec1u ti\u1ebft thanh kho\u1ea3n.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Bang_so_sanh_cac_bien_phap_ung_pho\"><\/span>B\u1ea3ng so s\u00e1nh c\u00e1c bi\u1ec7n ph\u00e1p \u1ee9ng ph\u00f3<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\">L\u0129nh v\u1ef1c<\/th>\n<th colspan=\"1\" rowspan=\"1\">Bi\u1ec7n ph\u00e1p ch\u00ednh<\/th>\n<th colspan=\"1\" rowspan=\"1\">M\u1ee5c ti\u00eau<\/th>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">T\u1ef7 gi\u00e1<\/td>\n<td colspan=\"1\" rowspan=\"1\">C\u01a1 ch\u1ebf t\u1ef7 gi\u00e1 trung t\u00e2m<\/td>\n<td colspan=\"1\" rowspan=\"1\">\u1ed4n \u0111\u1ecbnh th\u1ecb tr\u01b0\u1eddng ngo\u1ea1i h\u1ed1i<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">L\u00e3i su\u1ea5t<\/td>\n<td colspan=\"1\" rowspan=\"1\">\u0110i\u1ec1u ch\u1ec9nh l\u00e3i su\u1ea5t \u0111i\u1ec1u h\u00e0nh<\/td>\n<td colspan=\"1\" rowspan=\"1\">C\u00e2n b\u1eb1ng gi\u1eefa t\u0103ng tr\u01b0\u1edfng v\u00e0 ki\u1ec3m so\u00e1t l\u1ea1m ph\u00e1t<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Thanh kho\u1ea3n<\/td>\n<td colspan=\"1\" rowspan=\"1\">Nghi\u1ec7p v\u1ee5 th\u1ecb tr\u01b0\u1eddng m\u1edf<\/td>\n<td colspan=\"1\" rowspan=\"1\">\u0110\u1ea3m b\u1ea3o thanh kho\u1ea3n h\u1ec7 th\u1ed1ng<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">D\u1ef1 tr\u1eef<\/td>\n<td colspan=\"1\" rowspan=\"1\">Qu\u1ea3n l\u00fd d\u1ef1 tr\u1eef ngo\u1ea1i h\u1ed1i<\/td>\n<td colspan=\"1\" rowspan=\"1\">T\u0103ng kh\u1ea3 n\u0103ng can thi\u1ec7p th\u1ecb tr\u01b0\u1eddng<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"Tac_dong_den_he_thong_ngan_hang\"><\/span>T\u00e1c \u0111\u1ed9ng \u0111\u1ebfn h\u1ec7 th\u1ed1ng ng\u00e2n h\u00e0ng<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Tr\u01b0\u1edbc nh\u1eefng thay \u0111\u1ed5i t\u1eeb FED, c\u00e1c ng\u00e2n h\u00e0ng th\u01b0\u01a1ng m\u1ea1i t\u1ea1i Vi\u1ec7t Nam c\u0169ng ph\u1ea3i \u0111i\u1ec1u ch\u1ec9nh chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ec3 th\u00edch nghi v\u1edbi \u00e1p l\u1ef1c t\u1eeb l\u00e3i su\u1ea5t. C\u00e1c bi\u1ec7n ph\u00e1p bao g\u1ed3m:<\/p>\n<ul>\n<li>\u0110i\u1ec1u ch\u1ec9nh c\u01a1 c\u1ea5u huy \u0111\u1ed9ng v\u1ed1n.<\/li>\n<li>T\u1ed1i \u01b0u h\u00f3a chi ph\u00ed v\u1ed1n.<\/li>\n<li>C\u00e2n \u0111\u1ed1i danh m\u1ee5c t\u00edn d\u1ee5ng.<\/li>\n<li>T\u0103ng c\u01b0\u1eddng qu\u1ea3n tr\u1ecb r\u1ee7i ro.<\/li>\n<\/ul>\n<p>Nh\u1eefng thay \u0111\u1ed5i n\u00e0y kh\u00f4ng ch\u1ec9 gi\u00fap c\u00e1c ng\u00e2n h\u00e0ng th\u01b0\u01a1ng m\u1ea1i duy tr\u00ec s\u1ef1 \u1ed5n \u0111\u1ecbnh m\u00e0 c\u00f2n h\u1ed7 tr\u1ee3 s\u1ef1 ph\u00e1t tri\u1ec3n l\u00e2u d\u00e0i c\u1ee7a to\u00e0n h\u1ec7 th\u1ed1ng ng\u00e2n h\u00e0ng.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Loi_ich_va_thach_thuc-2\"><\/span>L\u1ee3i \u00edch v\u00e0 th\u00e1ch th\u1ee9c<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Sau khi ph\u00e2n t\u00edch ph\u1ea3n \u1ee9ng c\u1ee7a Vi\u1ec7t Nam tr\u01b0\u1edbc nh\u1eefng thay \u0111\u1ed5i t\u1eeb FED, h\u00e3y c\u00f9ng xem x\u00e9t c\u00e1c l\u1ee3i \u00edch v\u00e0 th\u00e1ch th\u1ee9c m\u00e0 t\u00ecnh h\u00ecnh n\u00e0y mang l\u1ea1i.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Tac_dong_tich_cuc\"><\/span>T\u00e1c \u0111\u1ed9ng t\u00edch c\u1ef1c<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ki\u1ec3m so\u00e1t l\u1ea1m ph\u00e1t t\u1ed1t h\u01a1n<\/strong>: Vi\u1ec7c thay \u0111\u1ed5i ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 gi\u00fap ki\u1ec1m ch\u1ebf l\u1ea1m ph\u00e1t, t\u1ea1o m\u00f4i tr\u01b0\u1eddng kinh doanh \u1ed5n \u0111\u1ecbnh v\u00e0 b\u1ea3o v\u1ec7 gi\u00e1 tr\u1ecb \u0111\u1ed3ng ti\u1ec1n.<\/p>\n<p><strong>C\u01a1 h\u1ed9i gia t\u0103ng \u0111\u1ea7u t\u01b0<\/strong>: L\u00e3i su\u1ea5t t\u0103ng mang \u0111\u1ebfn th\u00eam l\u1ef1a ch\u1ecdn h\u1ea5p d\u1eabn cho ng\u01b0\u1eddi g\u1eedi ti\u1ec1n. C\u00e1c t\u1ed5 ch\u1ee9c t\u00e0i ch\u00ednh hi\u1ec7n \u0111\u01b0a ra m\u1ee9c l\u00e3i su\u1ea5t \u0111a d\u1ea1ng, t\u00f9y thu\u1ed9c v\u00e0o k\u1ef3 h\u1ea1n:<\/p>\n<ul>\n<li>K\u1ef3 h\u1ea1n 12 th\u00e1ng: t\u1eeb 4,40% \u0111\u1ebfn 5,80%\/n\u0103m<\/li>\n<li>K\u1ef3 h\u1ea1n 6 th\u00e1ng: t\u1eeb 2,90% \u0111\u1ebfn 5,60%\/n\u0103m<\/li>\n<li>Ti\u1ec1n g\u1eedi kh\u00f4ng k\u1ef3 h\u1ea1n: c\u00f3 th\u1ec3 l\u00ean \u0111\u1ebfn 4,90%\/n\u0103m<\/li>\n<\/ul>\n<p>Tuy nhi\u00ean, b\u00ean c\u1ea1nh nh\u1eefng l\u1ee3i \u00edch, c\u0169ng c\u00f3 kh\u00f4ng \u00edt th\u00e1ch th\u1ee9c c\u1ea7n \u0111\u01b0\u1ee3c gi\u1ea3i quy\u1ebft.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Thach_thuc_can_doi_mat\"><\/span>Th\u00e1ch th\u1ee9c c\u1ea7n \u0111\u1ed1i m\u1eb7t<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Chi ph\u00ed v\u1ed1n t\u0103ng cao<\/strong>: Doanh nghi\u1ec7p ph\u1ea3i \u0111\u1ed1i m\u1eb7t v\u1edbi chi ph\u00ed vay v\u1ed1n l\u1edbn h\u01a1n, g\u00e2y kh\u00f3 kh\u0103n cho \u0111\u1ea7u t\u01b0 v\u00e0 s\u1ea3n xu\u1ea5t.<\/p>\n<p><strong>R\u1ee7i ro t\u1ef7 gi\u00e1<\/strong>: S\u1ef1 ch\u00eanh l\u1ec7ch l\u00e3i su\u1ea5t gi\u1eefa VND v\u00e0 USD t\u1ea1o \u00e1p l\u1ef1c l\u00ean t\u1ef7 gi\u00e1, bu\u1ed9c Ng\u00e2n h\u00e0ng Nh\u00e0 n\u01b0\u1edbc ph\u1ea3i can thi\u1ec7p th\u01b0\u1eddng xuy\u00ean.<\/p>\n<p>D\u01b0\u1edbi \u0111\u00e2y l\u00e0 b\u1ea3ng so s\u00e1nh c\u00e1c t\u00e1c \u0111\u1ed9ng ch\u00ednh t\u1eeb vi\u1ec7c \u0111i\u1ec1u ch\u1ec9nh l\u00e3i su\u1ea5t:<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Bang_so_sanh_tac_dong_cua_dieu_chinh_lai_suat\"><\/span>B\u1ea3ng so s\u00e1nh t\u00e1c \u0111\u1ed9ng c\u1ee7a \u0111i\u1ec1u ch\u1ec9nh l\u00e3i su\u1ea5t<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\">Kh\u00eda c\u1ea1nh<\/th>\n<th colspan=\"1\" rowspan=\"1\">T\u00e1c \u0111\u1ed9ng t\u00edch c\u1ef1c<\/th>\n<th colspan=\"1\" rowspan=\"1\">T\u00e1c \u0111\u1ed9ng ti\u00eau c\u1ef1c<\/th>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">L\u1ea1m ph\u00e1t<\/td>\n<td colspan=\"1\" rowspan=\"1\">Ki\u1ec3m so\u00e1t hi\u1ec7u qu\u1ea3<\/td>\n<td colspan=\"1\" rowspan=\"1\">Chi ph\u00ed s\u1ea3n xu\u1ea5t t\u0103ng<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">T\u1ef7 gi\u00e1<\/td>\n<td colspan=\"1\" rowspan=\"1\">\u1ed4n \u0111\u1ecbnh VND<\/td>\n<td colspan=\"1\" rowspan=\"1\">G\u00e2y \u00e1p l\u1ef1c l\u00ean xu\u1ea5t kh\u1ea9u<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Ti\u1ebft ki\u1ec7m<\/td>\n<td colspan=\"1\" rowspan=\"1\">L\u00e3i su\u1ea5t h\u1ea5p d\u1eabn<\/td>\n<td colspan=\"1\" rowspan=\"1\">Gi\u1ea3m chi ti\u00eau<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">T\u00edn d\u1ee5ng<\/td>\n<td colspan=\"1\" rowspan=\"1\">N\u00e2ng cao ch\u1ea5t l\u01b0\u1ee3ng t\u00edn d\u1ee5ng<\/td>\n<td colspan=\"1\" rowspan=\"1\">T\u0103ng chi ph\u00ed vay<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"Giai_phap_toi_uu_hoa\"><\/span>Gi\u1ea3i ph\u00e1p t\u1ed1i \u01b0u h\u00f3a<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u0110\u1ec3 th\u00edch \u1ee9ng v\u1edbi bi\u1ebfn \u0111\u1ed9ng l\u00e3i su\u1ea5t v\u00e0 t\u1ed1i \u0111a h\u00f3a l\u1ee3i \u00edch, ng\u01b0\u1eddi g\u1eedi ti\u1ec1n c\u00f3 th\u1ec3 \u00e1p d\u1ee5ng c\u00e1c chi\u1ebfn l\u01b0\u1ee3c sau:<\/p>\n<ul>\n<li><strong>Ph\u00e2n b\u1ed5 k\u1ef3 h\u1ea1n linh ho\u1ea1t<\/strong>: \u0110\u1ea7u t\u01b0 v\u00e0o nhi\u1ec1u k\u1ef3 h\u1ea1n kh\u00e1c nhau \u0111\u1ec3 t\u1ed1i \u01b0u h\u00f3a l\u1ee3i nhu\u1eadn v\u00e0 gi\u1ea3m r\u1ee7i ro.<\/li>\n<li><strong>So s\u00e1nh l\u00e3i su\u1ea5t<\/strong>: Xem x\u00e9t l\u00e3i su\u1ea5t t\u1eeb nhi\u1ec1u ng\u00e2n h\u00e0ng \u0111\u1ec3 ch\u1ecdn l\u1ef1a ph\u01b0\u01a1ng \u00e1n t\u1ed1t nh\u1ea5t.<\/li>\n<li><strong>C\u1eadp nh\u1eadt th\u00f4ng tin th\u1ecb tr\u01b0\u1eddng<\/strong>: Theo d\u00f5i c\u00e1c thay \u0111\u1ed5i v\u1ec1 l\u00e3i su\u1ea5t \u0111\u1ec3 \u0111i\u1ec1u ch\u1ec9nh k\u1ebf ho\u1ea1ch t\u00e0i ch\u00ednh k\u1ecbp th\u1eddi.<\/li>\n<\/ul>\n<p>Nh\u1eefng chi\u1ebfn l\u01b0\u1ee3c n\u00e0y gi\u00fap x\u00e2y d\u1ef1ng k\u1ebf ho\u1ea1ch t\u00e0i ch\u00ednh hi\u1ec7u qu\u1ea3 h\u01a1n trong b\u1ed1i c\u1ea3nh l\u00e3i su\u1ea5t bi\u1ebfn \u0111\u1ed9ng.<\/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>Vi\u1ec7c FED t\u0103ng l\u00e3i su\u1ea5t \u0111\u00e3 k\u00edch th\u00edch nh\u1eefng ph\u1ea3n \u1ee9ng nh\u1eb1m \u1ed5n \u0111\u1ecbnh kinh t\u1ebf t\u1ea1i Vi\u1ec7t Nam. D\u01b0\u1edbi \u0111\u00e2y l\u00e0 m\u1ed9t s\u1ed1 \u0111i\u1ec3m n\u1ed5i b\u1eadt:<\/p>\n<ul>\n<li><strong>C\u01a1 h\u1ed9i sinh l\u1eddi<\/strong>: M\u1ed9t s\u1ed1 ng\u00e2n h\u00e0ng hi\u1ec7n \u0111ang \u00e1p d\u1ee5ng l\u00e3i su\u1ea5t k\u1ef3 h\u1ea1n 12 th\u00e1ng l\u00ean t\u1edbi 5,80%\/n\u0103m.<\/li>\n<li><strong>Ph\u00e2n b\u1ed5 \u0111\u1ea7u t\u01b0 h\u1ee3p l\u00fd<\/strong>:\n<ul>\n<li>30\u201340% gi\u1eef \u1edf t\u00e0i kho\u1ea3n kh\u00f4ng k\u1ef3 h\u1ea1n.<\/li>\n<li>60\u201370% \u0111\u1ea7u t\u01b0 v\u00e0o k\u1ef3 h\u1ea1n 6\u201312 th\u00e1ng.<\/li>\n<\/ul>\n<\/li>\n<li><strong>L\u1ee3i \u00edch t\u1eeb t\u00e0i kho\u1ea3n sinh l\u1eddi<\/strong>: T\u00e0i kho\u1ea3n sinh l\u1eddi c\u1ee7a Infina mang l\u1ea1i l\u00e3i su\u1ea5t 4,90%\/n\u0103m cho s\u1ed1 d\u01b0 sinh l\u1eddi kh\u00f4ng k\u1ef3 h\u1ea1n, cao h\u01a1n h\u1eb3n m\u1ee9c d\u01b0\u1edbi 0,5%\/n\u0103m c\u1ee7a c\u00e1c t\u00e0i kho\u1ea3n truy\u1ec1n th\u1ed1ng.<\/li>\n<li><strong>Xu h\u01b0\u1edbng \u0111i\u1ec1u ch\u1ec9nh l\u00e3i su\u1ea5t<\/strong>: L\u00e3i su\u1ea5t trong n\u01b0\u1edbc s\u1ebd ti\u1ebfp t\u1ee5c thay \u0111\u1ed5i linh ho\u1ea1t, ph\u1ee5 thu\u1ed9c v\u00e0o c\u00e1c y\u1ebfu t\u1ed1 nh\u01b0:\n<ul>\n<li>Ch\u00ednh s\u00e1ch t\u1eeb FED.<\/li>\n<li>T\u00ecnh h\u00ecnh l\u1ea1m ph\u00e1t trong n\u01b0\u1edbc.<\/li>\n<li>Bi\u1ebfn \u0111\u1ed9ng t\u1ef7 gi\u00e1 USD\/VND.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>\u0110\u1ec3 \u0111\u1ea1t \u0111\u01b0\u1ee3c l\u1ee3i nhu\u1eadn t\u1ed1t nh\u1ea5t trong b\u1ed1i c\u1ea3nh bi\u1ebfn \u0111\u1ed9ng to\u00e0n c\u1ea7u, vi\u1ec7c theo d\u00f5i s\u00e1t sao th\u1ecb tr\u01b0\u1eddng v\u00e0 \u0111i\u1ec1u ch\u1ec9nh chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 k\u1ecbp th\u1eddi l\u00e0 v\u00f4 c\u00f9ng quan tr\u1ecdng. Nh\u1eefng th\u00f4ng tin tr\u00ean c\u00f3 th\u1ec3 h\u1ed7 tr\u1ee3 b\u1ea1n \u0111\u01b0a ra c\u00e1c quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0 an to\u00e0n v\u00e0 hi\u1ec7u qu\u1ea3.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FED t&#259;ng l&atilde;i su&#7845;t l&agrave;m t&#259;ng &aacute;p l&#7921;c l&ecirc;n kinh t&#7871; Vi&#7879;t Nam. &#272;i&#7873;u n&agrave;y &#7843;nh h&#432;&#7903;ng &#273;&#7871;n t&#7927; gi&aacute; VND\/USD, chi ph&iacute; vay v&#7889;n v&agrave; d&ograve;ng v&#7889;n qu&#7889;c t&#7871;. Ng&acirc;n h&agrave;ng Nh&agrave; n&#432;&#7899;c Vi&#7879;t Nam (NHNN) &#273;&atilde; th&#7921;c hi&#7879;n c&aacute;c bi&#7879;n ph&aacute;p nh&#432; qu&#7843;n l&yacute; t&#7927; gi&aacute;, &#273;i&#7873;u ch&#7881;nh l&atilde;i su&#7845;t v&agrave; &#273;&#7843;m b&#7843;o [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":26569,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-26568","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\/26568","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=26568"}],"version-history":[{"count":0,"href":"https:\/\/infina.vn\/blog\/wp-json\/wp\/v2\/posts\/26568\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/infina.vn\/blog\/wp-json\/wp\/v2\/media\/26569"}],"wp:attachment":[{"href":"https:\/\/infina.vn\/blog\/wp-json\/wp\/v2\/media?parent=26568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infina.vn\/blog\/wp-json\/wp\/v2\/categories?post=26568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infina.vn\/blog\/wp-json\/wp\/v2\/tags?post=26568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}