{"id":10422,"date":"2026-07-02T16:23:45","date_gmt":"2026-07-02T08:23:45","guid":{"rendered":"https:\/\/www.kpai1.cn\/?p=10422"},"modified":"2026-07-02T16:23:49","modified_gmt":"2026-07-02T08:23:49","slug":"%e6%bb%9e%e8%83%80%e4%bd%99%e6%b3%a2%e4%b8%8e%e6%94%bf%e7%ad%96%e5%8d%9a%e5%bc%88-%e5%85%a8%e7%90%83%e5%a4%a7%e7%b1%bb%e8%b5%84%e4%ba%a7%e5%ae%9a%e4%bb%b7%e9%80%bb%e8%be%91%e9%87%8d","status":"publish","type":"post","link":"https:\/\/www.kpai1.cn\/vi\/luu-tru\/10422","title":{"rendered":"H\u1eadu qu\u1ea3 c\u1ee7a l\u1ea1m ph\u00e1t \u0111\u00ecnh tr\u1ec7 v\u00e0 tr\u00f2 ch\u01a1i ch\u00ednh s\u00e1ch\u2014X\u00e2y d\u1ef1ng l\u1ea1i logic \u0111\u1ecbnh gi\u00e1 c\u1ee7a c\u00e1c lo\u1ea1i t\u00e0i s\u1ea3n l\u1edbn tr\u00ean to\u00e0n c\u1ea7u"},"content":{"rendered":"

B\u01b0\u1edbc sang qu\u00fd 3 n\u0103m 2026, th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh to\u00e0n c\u1ea7u \u0111ang trong giai \u0111o\u1ea1n \u0111\u1ecbnh gi\u00e1 ph\u1ee9c t\u1ea1p, trong \u0111\u00f3 ph\u00ed b\u1ea3o hi\u1ec3m r\u1ee7i ro \u0111\u1ecba l\u00fd \u0111ang nhanh ch\u00f3ng gi\u1ea3m d\u1ea7n, k\u1ef3 v\u1ecdng th\u1eaft ch\u1eb7t ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng \u0111ang t\u0103ng tr\u1edf l\u1ea1i, \u0111\u1ed3ng th\u1eddi c\u00e1c chu k\u1ef3 c\u00f4ng nghi\u1ec7p v\u00e0 chu k\u1ef3 v\u0129 m\u00f4 b\u1ecb l\u1ec7ch. M\u1ed9t m\u1eb7t, vi\u1ec7c gi\u1ea3m b\u1edbt xung \u0111\u1ed9t \u1edf Trung \u0110\u00f4ng \u0111\u00e3 th\u00fac \u0111\u1ea9y vi\u1ec7c gi\u1ea3i quy\u1ebft nhanh ch\u00f3ng c\u00e1c \u01b0u \u0111\u00e3i \u0111\u1ecba l\u00fd v\u1ec1 n\u0103ng l\u01b0\u1ee3ng v\u00e0 gi\u1ea3m nh\u1eb9 nh\u1eefng x\u00e1o tr\u1ed9n trong chu\u1ed7i cung \u1ee9ng to\u00e0n c\u1ea7u; m\u1eb7t kh\u00e1c, s\u1ef1 d\u00ednh ch\u1eb7t c\u1ee7a l\u1ea1m ph\u00e1t c\u01a1 b\u1ea3n c\u00f9ng v\u1edbi kh\u1ea3 n\u0103ng ph\u1ee5c h\u1ed3i c\u1ee7a th\u1ecb tr\u01b0\u1eddng lao \u0111\u1ed9ng \u0111\u00e3 l\u00e0m tr\u00ec ho\u00e3n th\u1eddi \u0111i\u1ec3m chuy\u1ec3n \u0111\u1ed5i ch\u00ednh s\u00e1ch c\u1ee7a ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng c\u00e1c n\u1ec1n kinh t\u1ebf ph\u00e1t tri\u1ec3n l\u1edbn m\u1ed9t l\u1ea7n n\u1eefa, \u0111\u1ed3ng th\u1eddi th\u1ecb tr\u01b0\u1eddng l\u00e0m gia t\u0103ng bi\u1ebfn \u0111\u1ed9ng trong qu\u00e1 tr\u00ecnh \u0111\u1ecbnh gi\u00e1 l\u1ea1i nh\u1eb1m \u201cduy tr\u00ec l\u00e3i su\u1ea5t cao l\u00e2u h\u01a1n\u201d. \u0110\u1ed3ng th\u1eddi, chu k\u1ef3 c\u1ee7a ng\u00e0nh \u0111i\u1ec7n to\u00e1n AI ti\u1ebfp t\u1ee5c ph\u00e1t tri\u1ec3n, tr\u00e1i ng\u01b0\u1ee3c ho\u00e0n to\u00e0n v\u1edbi s\u1ef1 y\u1ebfu k\u00e9m c\u1ee7a c\u00e1c ng\u00e0nh kinh t\u1ebf truy\u1ec1n th\u1ed1ng v\u00e0 \u0111\u1eb7c \u0111i\u1ec3m ph\u00e2n h\u00f3a h\u00ecnh ch\u1eef K c\u1ee7a n\u1ec1n kinh t\u1ebf to\u00e0n c\u1ea7u c\u00e0ng \u0111\u01b0\u1ee3c nh\u1ea5n m\u1ea1nh.<\/p>\n

<\/a>Ch\u00ednh s\u00e1ch v\u0129 m\u00f4 v\u00e0 ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng to\u00e0n c\u1ea7u: Tr\u00ec ho\u00e3n vi\u1ec7c k\u1ebft th\u00fac chu k\u1ef3 th\u1eaft ch\u1eb7t, m\u00f4 h\u00ecnh ph\u00e2n h\u00f3a ti\u1ebfp t\u1ee5c<\/strong><\/p>\n

N\u1ec1n kinh t\u1ebf to\u00e0n c\u1ea7u c\u00f3 kh\u1ea3 n\u0103ng ph\u1ee5c h\u1ed3i t\u1ed1t h\u01a1n d\u1ef1 ki\u1ebfn \u200b\u200bnh\u01b0ng s\u1ef1 kh\u00e1c bi\u1ec7t n\u1ed9i b\u1ed9 \u0111ang ng\u00e0y c\u00e0ng gia t\u0103ng. GDP to\u00e0n c\u1ea7u d\u1ef1 ki\u1ebfn \u200b\u200bs\u1ebd t\u0103ng 3,2% v\u00e0o n\u0103m 2026, t\u0103ng t\u1ed1c l\u00ean 3,5% v\u00e0o n\u0103m 2027 v\u00e0 l\u1ea1m ph\u00e1t trung t\u00e2m \u0111\u1ed3ng lo\u1ea1t gi\u1ea3m xu\u1ed1ng 3,0%. K\u1ecbch b\u1ea3n c\u01a1 s\u1edf n\u00e0y d\u1ef1a tr\u00ean ti\u1ec1n \u0111\u1ec1 l\u00e0 t\u00ecnh h\u00ecnh \u1edf Trung \u0110\u00f4ng s\u1ebd kh\u00f4ng c\u00f2n leo thang v\u00e0 gi\u00e1 n\u0103ng l\u01b0\u1ee3ng s\u1ebd gi\u1ea3m \u0111\u1ec1u \u0111\u1eb7n. N\u1ec1n kinh t\u1ebf M\u1ef9 v\u1eabn t\u01b0\u01a1ng \u0111\u1ed1i m\u1ea1nh; nguy c\u01a1 l\u1ea1m ph\u00e1t \u0111\u00ecnh tr\u1ec7 \u1edf Eurozone \u0111ang gia t\u0103ng v\u00e0 d\u1ef1 b\u00e1o t\u0103ng tr\u01b0\u1edfng c\u1ea3 n\u0103m \u0111\u01b0\u1ee3c \u0111i\u1ec1u ch\u1ec9nh xu\u1ed1ng 0,9%-1,0%; Ch\u00e2u \u00c1 \u0111\u01b0\u1ee3c h\u01b0\u1edfng l\u1ee3i t\u1eeb c\u1ed5 t\u1ee9c theo chu k\u1ef3 c\u1ee7a ng\u00e0nh AI v\u00e0 d\u1ef1 b\u00e1o t\u0103ng tr\u01b0\u1edfng cho c\u00e1c n\u1ec1n kinh t\u1ebf \u0111\u1ecbnh h\u01b0\u1edbng xu\u1ea5t kh\u1ea9u nh\u01b0 Singapore \u0111\u01b0\u1ee3c n\u00e2ng l\u00ean; N\u1ec1n kinh t\u1ebf Trung Qu\u1ed1c \u0111ang trong qu\u00e1 tr\u00ecnh s\u1eeda ch\u1eefa c\u01a1 c\u1ea5u v\u00e0 \u0111\u1ea7u t\u01b0 li\u00ean quan \u0111\u1ebfn AI th\u00fac \u0111\u1ea9y t\u0103ng tr\u01b0\u1edfng GDP h\u00e0ng n\u0103m kho\u1ea3ng 0,3 \u0111i\u1ec3m ph\u1ea7n tr\u0103m. Tuy nhi\u00ean, \u00e1p l\u1ef1c \u0111i\u1ec1u ch\u1ec9nh b\u1ea5t \u0111\u1ed9ng s\u1ea3n v\u00e0 ph\u1ee5c h\u1ed3i ti\u00eau d\u00f9ng ch\u1eadm v\u1eabn t\u1ed3n t\u1ea1i, m\u00f4 h\u00ecnh h\u00ecnh ch\u1eef K t\u1ed5ng th\u1ec3 v\u1eabn ti\u1ebfp t\u1ee5c.<\/p>\n

\u1ede c\u1ea5p \u0111\u1ed9 ch\u00ednh s\u00e1ch c\u1ee7a ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng, c\u00e1c n\u1ec1n kinh t\u1ebf l\u1edbn tr\u00ean th\u1ebf gi\u1edbi nh\u00ecn chung \u0111\u00e3 b\u01b0\u1edbc v\u00e0o giai \u0111o\u1ea1n quan s\u00e1t di\u1ec1u h\u00e2u v\u1ec1 \"\u0111\u00ecnh ch\u1ec9 t\u00edch c\u1ef1c\" v\u00e0 vi\u1ec7c k\u1ebft th\u00fac chu k\u1ef3 th\u1eaft ch\u1eb7t \u0111\u00e3 b\u1ecb ho\u00e3n l\u1ea1i. C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang d\u1ef1 ki\u1ebfn \u200b\u200b\u200b\u200bs\u1ebd t\u0103ng l\u00e3i su\u1ea5t ba l\u1ea7n trong n\u0103m, v\u1edbi t\u1ed5ng s\u1ed1 75 \u0111i\u1ec3m c\u01a1 b\u1ea3n, v\u00e0 l\u1ea7n t\u0103ng l\u00e3i su\u1ea5t \u0111\u1ea7u ti\u00ean c\u00f3 th\u1ec3 s\u1ebd di\u1ec5n ra v\u00e0o th\u00e1ng 9; Ng\u00e2n h\u00e0ng Trung \u01b0\u01a1ng ch\u00e2u \u00c2u c\u00f3 th\u1ec3 gi\u1eef nguy\u00ean ph\u01b0\u01a1ng \u00e1n t\u0103ng l\u00e3i su\u1ea5t m\u1ed9t l\u1ea7n trong qu\u00fd 3, v\u1edbi l\u00e3i su\u1ea5t ti\u1ec1n g\u1eedi t\u0103ng l\u00ean t\u1ed1i \u0111a 2,75% v\u00e0 kh\u1ea3 n\u0103ng tung ra t\u00edn hi\u1ec7u c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t trong n\u0103m l\u00e0 c\u1ef1c k\u1ef3 th\u1ea5p; Ng\u00e2n h\u00e0ng Nh\u1eadt B\u1ea3n ph\u1ea3i \u0111\u1ed1i m\u1eb7t v\u1edbi \u00e1p l\u1ef1c k\u00e9p v\u1ec1 t\u1ef7 gi\u00e1 v\u00e0 l\u1ea1m ph\u00e1t, t\u1ed1c \u0111\u1ed9 t\u0103ng l\u00e3i su\u1ea5t c\u00f3 th\u1ec3 t\u0103ng nhanh, l\u00e3i su\u1ea5t \u0111i\u1ec1u h\u00e0nh v\u00e0o cu\u1ed1i n\u0103m d\u1ef1 ki\u1ebfn \u200b\u200bs\u1ebd t\u0103ng l\u00ean h\u01a1n 1,0%; Ng\u00e2n h\u00e0ng Anh c\u0169ng \u0111ang trong th\u1eddi \u0111i\u1ec3m t\u0103ng l\u00e3i su\u1ea5t v\u00e0 m\u00f4 h\u00ecnh th\u1eaft ch\u1eb7t kh\u00e1c bi\u1ec7t c\u1ee7a c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng to\u00e0n c\u1ea7u s\u1ebd ti\u1ebfp t\u1ee5c trong qu\u00fd 3.<\/p>\n

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<\/a>H\u00e0ng h\u00f3a: Xu h\u01b0\u1edbng quay tr\u1edf l\u1ea1i sau khi x\u00f3a ph\u00ed b\u1ea3o hi\u1ec3m \u0111\u1ecba l\u00fd<\/strong><\/p>\n

V\u00e0ng hi\u1ec7n \u0111ang trong giai \u0111o\u1ea1n tr\u00f2 ch\u01a1i gi\u1ea3m l\u00e3i su\u1ea5t th\u1ef1c cao v\u00e0 h\u1ed7 tr\u1ee3 c\u01a1 c\u1ea5u d\u00e0i h\u1ea1n. Trong qu\u00fd 3, ph\u1ea1m vi s\u1ed1c c\u1ed1t l\u00f5i l\u00e0 3.800-4.300 \u0111\u00f4 la M\u1ef9, v\u00e0 \u0111\u1ed9 s\u00e2u c\u1ee7a kh\u00f4ng gian gi\u1ea3m gi\u00e1 b\u1ecb h\u1ea1n ch\u1ebf; Trong qu\u00fd 4, v\u1edbi t\u00e1c \u0111\u1ed9ng ti\u00eau c\u1ef1c c\u1ee7a vi\u1ec7c t\u0103ng l\u00e3i su\u1ea5t v\u00e0 l\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu M\u1ef9 \u0111\u1ea1t \u0111\u1ec9nh, gi\u00e1 v\u00e0ng s\u1ebd b\u1eaft \u0111\u1ea7u h\u1ed3i ph\u1ee5c, v\u1edbi m\u1ee5c ti\u00eau cu\u1ed1i n\u0103m l\u00e0 4.800-5.200 USD. Trong trung v\u00e0 d\u00e0i h\u1ea1n, ba logic h\u1ed7 tr\u1ee3 ch\u00ednh cho vi\u1ec7c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng ti\u1ebfp t\u1ee5c mua v\u00e0ng, \u00e1p l\u1ef1c l\u00ean th\u00e2m h\u1ee5t t\u00e0i ch\u00ednh c\u1ee7a M\u1ef9 v\u00e0 xung \u0111\u1ed9t \u0111\u1ecba ch\u00ednh tr\u1ecb d\u00e0i h\u1ea1n v\u1eabn ch\u01b0a b\u1ecb ph\u00e1 v\u1ee1. Gi\u00e1 v\u00e0ng 12 th\u00e1ng v\u1eabn d\u1ef1 ki\u1ebfn \u200b\u200b\u0111\u1ea1t 5.200-5.500 USD. S\u1ef1 \u0111i\u1ec1u ch\u1ec9nh hi\u1ec7n t\u1ea1i l\u00e0 s\u1ef1 \u0111i\u1ec1u ch\u1ec9nh chuy\u1ec3n ti\u1ebfp c\u1ee7a th\u1ecb tr\u01b0\u1eddng t\u0103ng gi\u00e1 v\u00e0 l\u00e0 kho\u1ea3ng th\u1eddi gian b\u1ed1 tr\u00ed h\u00e0ng lo\u1ea1t d\u00e0i h\u1ea1n.<\/p>\n

Sau khi n\u1ed1i l\u1ea1i ho\u1ea1t \u0111\u1ed9ng h\u00e0ng h\u1ea3i \u1edf eo bi\u1ec3n Hormuz, kho\u1ea3n ph\u00ed b\u1ea3o hi\u1ec3m ho\u1ea3ng lo\u1ea1n \u0111\u1ecba ch\u00ednh tr\u1ecb v\u1ec1 d\u1ea7u th\u00f4 nhanh ch\u00f3ng \u0111\u01b0\u1ee3c gi\u1ea3i t\u1ecfa v\u00e0 th\u1ecb tr\u01b0\u1eddng quay tr\u1edf l\u1ea1i t\u00ecnh tr\u1ea1ng d\u01b0 cung. Th\u1eb7ng d\u01b0 trung b\u00ecnh h\u00e0ng ng\u00e0y v\u00e0o n\u0103m 2027 s\u1ebd v\u01b0\u1ee3t qu\u00e1 3 tri\u1ec7u th\u00f9ng. C\u00f9ng v\u1edbi vi\u1ec7c n\u1edbi l\u1ecfng c\u00e1c nguy\u00ean t\u1eafc c\u1eaft gi\u1ea3m s\u1ea3n l\u01b0\u1ee3ng c\u1ee7a OPEC+, xu h\u01b0\u1edbng \u0111i xu\u1ed1ng c\u1ee7a trung t\u00e2m gi\u00e1 d\u1ea7u l\u00e0 m\u1ed9t k\u1ebft qu\u1ea3 \u0111\u01b0\u1ee3c b\u00e1o tr\u01b0\u1edbc. X\u00e9t v\u1ec1 nh\u1ecbp \u0111\u1ed9, d\u1ea7u th\u00f4 Brent dao \u0111\u1ed9ng trong kho\u1ea3ng 70-80 USD trong qu\u00fd 3, ti\u1ebfn g\u1ea7n h\u01a1n t\u1edbi 70 USD trong qu\u00fd 4 v\u00e0 quay tr\u1edf l\u1ea1i kho\u1ea3ng 65 USD v\u00e0o n\u0103m 2027; nh\u1eefng t\u00e1i di\u1ec5n \u0111\u1ecba ch\u00ednh tr\u1ecb ch\u1ec9 g\u00e2y ra xung \u0111\u1ed9t \u0111\u1ecbnh k\u1ef3 v\u00e0 kh\u00f3 c\u00f3 th\u1ec3 \u0111\u1ea3o ng\u01b0\u1ee3c xu h\u01b0\u1edbng t\u00e1i c\u00e2n b\u1eb1ng cung c\u1ea7u trong trung h\u1ea1n.<\/p>\n

Trong l\u0129nh v\u1ef1c kim lo\u1ea1i c\u00f4ng nghi\u1ec7p, \u0111\u1ed3ng \u0111ang chuy\u1ec3n t\u1eeb thu\u1ed9c t\u00ednh mang t\u00ednh chu k\u1ef3 sang thu\u1ed9c t\u00ednh chi\u1ebfn l\u01b0\u1ee3c. Chuy\u1ec3n \u0111\u1ed5i n\u0103ng l\u01b0\u1ee3ng v\u00e0 c\u01a1 s\u1edf h\u1ea1 t\u1ea7ng n\u0103ng l\u01b0\u1ee3ng \u0111i\u1ec7n to\u00e1n AI \u0111\u00e3 t\u1ea1o ra nhu c\u1ea7u c\u1ee9ng nh\u1eafc. S\u1ef1 c\u00e2n b\u1eb1ng ch\u1eb7t ch\u1ebd gi\u1eefa cung v\u00e0 c\u1ea7u v\u1eabn ti\u1ebfp t\u1ee5c trong th\u1eddi gian d\u00e0i. Gi\u00e1 cao nh\u1ea5t sau khi \u0111i\u1ec1u ch\u1ec9nh r\u1ee7i ro v\u00e0o n\u0103m 2030 l\u00e0 kho\u1ea3ng 14.300 USD\/t\u1ea5n. S\u1ef1 m\u1ea5t c\u00e2n b\u1eb1ng gi\u1eefa cung v\u00e0 c\u1ea7u c\u00e1c v\u1eadt li\u1ec7u \u0111i\u1ec7n to\u00e1n c\u01a1 b\u1ea3n nh\u01b0 c\u00e1p quang ng\u00e0y c\u00e0ng gia t\u0103ng. S\u1ebd c\u00f3 kho\u1ea3ng c\u00e1ch v\u1ec1 n\u0103ng l\u1ef1c s\u1ea3n xu\u1ea5t \u00edt nh\u1ea5t l\u00e0 100 tri\u1ec7u km l\u00f5i v\u00e0o n\u0103m 2026, trong \u0111\u00f3 ph\u00f4i ph\u00f4i l\u00e0 \u0111i\u1ec3m ngh\u1ebdn c\u1ed1t l\u00f5i. Chu k\u1ef3 b\u00f9ng n\u1ed5 l\u01b0u tr\u1eef ch\u1ea5t b\u00e1n d\u1eabn \u0111\u00e3 k\u00e9o d\u00e0i h\u01a1n n\u1eefa. Trong qu\u00fd 3, gi\u00e1 trung b\u00ecnh c\u00e1c lo\u1ea1i \u0111\u1ec1u t\u0103ng 40%-50% so v\u1edbi qu\u00fd tr\u01b0\u1edbc. Trong qu\u00fd 4, n\u00f3 v\u1eabn duy tr\u00ec m\u1ee9c t\u0103ng tr\u01b0\u1edfng h\u01a1n 30%. S\u1ef1 thi\u1ebfu h\u1ee5t s\u1ebd ti\u1ebfp t\u1ee5c cho \u0111\u1ebfn \u00edt nh\u1ea5t l\u00e0 n\u0103m 2028.<\/p>\n

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<\/a>Th\u1ecb tr\u01b0\u1eddng v\u1ed1n c\u1ed5 ph\u1ea7n to\u00e0n c\u1ea7u: S\u1ef1 kh\u00e1c bi\u1ec7t h\u00f3a th\u1ecb tr\u01b0\u1eddng AI, t\u00e1i c\u00e2n b\u1eb1ng gi\u00e1 tr\u1ecb v\u00e0 t\u0103ng tr\u01b0\u1edfng<\/strong><\/p>\n

Th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n to\u00e0n c\u1ea7u \u0111ang \u1edf m\u1ee9c h\u1ed7 tr\u1ee3 l\u1ee3i nhu\u1eadn cao v\u00e0 m\u00f4 h\u00ecnh xoay v\u00f2ng c\u01a1 c\u1ea5u nhanh ch\u00f3ng. \u0110\u1ed9ng l\u1ef1c \u0111i l\u00ean c\u1ee7a ch\u1ec9 s\u1ed1 \u0111\u00e3 y\u1ebfu \u0111i nh\u01b0ng c\u01a1 h\u1ed9i mang t\u00ednh c\u01a1 c\u1ea5u v\u1eabn t\u1ed3n t\u1ea1i. Chu\u1ed7i ng\u00e0nh AI c\u1ee7a Hoa K\u1ef3 l\u00e0 h\u01b0\u1edbng mang l\u1ea1i l\u1ee3i nhu\u1eadn d\u00e0i h\u1ea1n ch\u00ednh v\u00e0 xu h\u01b0\u1edbng c\u1ee7a ng\u00e0nh l\u00e0 kh\u00f4ng th\u1ec3 \u0111\u1ea3o ng\u01b0\u1ee3c v\u00e0 c\u00f3 gi\u00e1 tr\u1ecb ph\u00e2n b\u1ed5 li\u00ean t\u1ee5c; tuy nhi\u00ean, \u0111\u1ed9ng l\u1ef1c ng\u1eafn h\u1ea1n c\u1ee7a c\u00e1c c\u1ed5 phi\u1ebfu ph\u1ed5 bi\u1ebfn nh\u01b0 ch\u1ea5t b\u00e1n d\u1eabn \u0111ang ti\u1ebfn \u0111\u1ebfn m\u1ee9c c\u1ef1c tr\u1ecb, m\u1ee9c \u0111\u1ecbnh gi\u00e1 c\u1ef1c k\u1ef3 \u0111\u00f4ng \u0111\u00fac, r\u1ee7i ro tr\u00ean m\u1ed9t \u0111\u01b0\u1eddng \u0111ua \u0111ang gia t\u0103ng v\u00e0 c\u00e1c qu\u1ef9 \u0111ang chuy\u1ec3n sang c\u00e1c l\u0129nh v\u1ef1c ph\u1ee5c h\u1ed3i tr\u00ean di\u1ec7n r\u1ed9ng nh\u01b0 ti\u00eau d\u00f9ng t\u00f9y ch\u1ecdn, v\u1eadn t\u1ea3i v\u00e0 ng\u00e2n h\u00e0ng khu v\u1ef1c. L\u1ee3i nhu\u1eadn doanh nghi\u1ec7p c\u1ea3 n\u0103m d\u1ef1 ki\u1ebfn \u200b\u200bs\u1ebd t\u0103ng kho\u1ea3ng 25%, h\u1ed7 tr\u1ee3 th\u1ecb tr\u01b0\u1eddng \u0111\u1ea1t hi\u1ec7u su\u1ea5t cao, nh\u01b0ng nh\u1eefng bi\u1ebfn \u0111\u1ed9ng s\u1ebd \u0111\u01b0\u1ee3c khu\u1ebfch \u0111\u1ea1i \u0111\u00e1ng k\u1ec3. Trong trung v\u00e0 d\u00e0i h\u1ea1n, c\u00f3 m\u1ed9t kho\u1ea3ng c\u00e1ch trong k\u1ef3 v\u1ecdng v\u1ec1 s\u1ef1 \u0111\u00f3ng g\u00f3p c\u1ee7a AI v\u00e0o l\u1ee3i nhu\u1eadn ch\u1ee9ng kho\u00e1n M\u1ef9. Theo k\u1ecbch b\u1ea3n c\u01a1 s\u1edf, l\u1ee3i nhu\u1eadn trung b\u00ecnh h\u00e0ng n\u0103m trong 10 n\u0103m t\u1edbi l\u00e0 5%-7% v\u00e0 c\u00f3 th\u1ec3 v\u01b0\u1ee3t k\u1ef3 v\u1ecdng t\u1edbi 8%-10%. N\u1ebfu n\u00f3 kh\u00f4ng nh\u01b0 mong \u0111\u1ee3i, l\u1ee3i nhu\u1eadn s\u1ebd b\u1ecb thu h\u1eb9p v\u00e0 hi\u1ec7u qu\u1ea3 chi ph\u00ed c\u1ee7a vi\u1ec7c m\u00f9 qu\u00e1ng theo \u0111u\u1ed5i gi\u00e1 cao s\u1ebd ti\u1ebfp t\u1ee5c gi\u1ea3m.<\/p>\n

\u0110\u1ed9ng l\u1ef1c l\u1ee3i nhu\u1eadn c\u1ee7a th\u1ecb tr\u01b0\u1eddng ch\u00e2u \u00c2u \u0111\u01b0\u1ee3c ph\u00e2n chia r\u00f5 r\u00e0ng. C\u00f4ng ngh\u1ec7, ng\u00e2n h\u00e0ng, t\u00e0i nguy\u00ean c\u01a1 b\u1ea3n, ch\u0103m s\u00f3c y t\u1ebf v\u00e0 c\u00e1c l\u0129nh v\u1ef1c ti\u00eau d\u00f9ng thi\u1ebft y\u1ebfu c\u00f3 l\u1ee3i th\u1ebf so s\u00e1nh, trong khi du l\u1ecbch v\u00e0 gi\u1ea3i tr\u00ed, d\u1ecbch v\u1ee5 t\u00e0i ch\u00ednh v\u00e0 c\u00e1c l\u0129nh v\u1ef1c kh\u00e1c c\u00f3 l\u1ee3i nhu\u1eadn y\u1ebfu v\u00e0 \u0111\u1ecbnh gi\u00e1 cao, \u0111\u1ed3ng th\u1eddi gi\u00e1 tr\u1ecb ph\u00e2n b\u1ed5 c\u1ee7a ch\u00fang b\u1ecb h\u1ea1n ch\u1ebf. Th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Nh\u1eadt B\u1ea3n v\u1eabn c\u00f2n \u0111\u00e0 \u0111\u1ec3 \u0111\u1ea1t nh\u1eefng \u0111\u1ec9nh cao m\u1edbi d\u01b0\u1edbi s\u1ef1 h\u1ed7 tr\u1ee3 k\u00e9p c\u1ee7a vi\u1ec7c b\u00ecnh th\u01b0\u1eddng h\u00f3a ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 v\u00e0 c\u1ea3i c\u00e1ch qu\u1ea3n tr\u1ecb doanh nghi\u1ec7p. Ng\u00e0nh ng\u00e2n h\u00e0ng \u0111\u01b0\u1ee3c h\u01b0\u1edfng l\u1ee3i t\u1eeb vi\u1ec7c m\u1edf r\u1ed9ng bi\u00ean l\u00e3i r\u00f2ng trong chu k\u1ef3 t\u0103ng l\u00e3i su\u1ea5t v\u00e0 l\u00e0 h\u01b0\u1edbng ph\u00e2n b\u1ed5 c\u1ed1t l\u00f5i. C\u00e1c th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i \u01b0u ti\u00ean cho c\u00e1c n\u1ec1n kinh t\u1ebf \u0110\u00f4ng Nam \u00c1, s\u1ef1 ph\u1ee5c h\u1ed3i c\u1ee7a chu\u1ed7i xu\u1ea5t kh\u1ea9u v\u00e0 s\u1ef1 ph\u1ee5c h\u1ed3i c\u1ee7a nhu c\u1ea7u trong n\u01b0\u1edbc t\u1ea1o th\u00e0nh t\u1ea5m \u0111\u1ec7m an to\u00e0n k\u00e9p. Th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Trung Qu\u1ed1c s\u1ebd duy tr\u00ec xu h\u01b0\u1edbng t\u0103ng tr\u01b0\u1edfng trong n\u1eeda cu\u1ed1i n\u0103m v\u1edbi nh\u1ecbp \u0111\u1ed9 l\u1eb7p l\u1ea1i. V\u1ec1 m\u1eb7t ph\u00e2n b\u1ed5, n\u00ean \u00e1p d\u1ee5ng s\u1ef1 k\u1ebft h\u1ee3p c\u00e2n b\u1eb1ng gi\u1eefa c\u1ed5 phi\u1ebfu ph\u00f2ng th\u1ee7 c\u00f3 c\u1ed5 t\u1ee9c cao v\u00e0 c\u1ed5 phi\u1ebfu t\u0103ng tr\u01b0\u1edfng ph\u1ea7n c\u1ee9ng AI, \u0111\u1ed3ng th\u1eddi t\u0103ng d\u1ea7n m\u1ee9c ph\u00e2n b\u1ed5 trong qu\u00e1 tr\u00ecnh \u0111i\u1ec1u ch\u1ec9nh th\u1ecb tr\u01b0\u1eddng.<\/a><\/p>\n

Ngo\u1ea1i h\u1ed1i v\u00e0 thu nh\u1eadp c\u1ed1 \u0111\u1ecbnh: \u0110\u1ed3ng USD l\u00ean cao, r\u1ee7i ro t\u00edn d\u1ee5ng d\u1ea7n l\u1ed9 di\u1ec7n<\/strong><\/p>\n

Ch\u1ee7 \u0111\u1ec1 c\u1ed1t l\u00f5i c\u1ee7a th\u1ecb tr\u01b0\u1eddng ngo\u1ea1i h\u1ed1i trong qu\u00fd 3 l\u00e0 \"s\u1ef1 bi\u1ebfn \u0111\u1ed9ng cao c\u1ee7a \u0111\u1ed3ng \u0111\u00f4 la M\u1ef9 + s\u1ef1 kh\u00e1c bi\u1ec7t c\u1ee7a c\u00e1c lo\u1ea1i ti\u1ec1n t\u1ec7 kh\u00f4ng ph\u1ea3i c\u1ee7a M\u1ef9\". \u0110\u1ed3ng \u0111\u00f4 la M\u1ef9 v\u1eabn m\u1ea1nh d\u01b0\u1edbi s\u1ef1 h\u1ed7 tr\u1ee3 c\u1ee7a k\u1ef3 v\u1ecdng th\u1eaft ch\u1eb7t c\u1ee7a C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang, nh\u01b0ng kh\u00f4ng gian cho nh\u1eefng \u0111\u1ed9ng th\u00e1i t\u0103ng gi\u00e1 m\u1ea1nh h\u01a1n n\u1eefa l\u00e0 h\u1ea1n ch\u1ebf v\u00e0 n\u00f3 \u0111ang trong giai \u0111o\u1ea1n \u0111\u1ea1t \u0111\u1ec9nh \u1edf m\u1ee9c cao. Trong s\u1ed1 c\u00e1c lo\u1ea1i ti\u1ec1n t\u1ec7 kh\u00f4ng ph\u1ea3i c\u1ee7a M\u1ef9, \u0111\u1ed3ng euro v\u00e0 b\u1ea3ng Anh \u0111\u00e3 cho th\u1ea5y kh\u1ea3 n\u0103ng ph\u1ee5c h\u1ed3i t\u01b0\u01a1ng \u0111\u1ed1i nh\u1edd l\u1eadp tr\u01b0\u1eddng di\u1ec1u h\u00e2u c\u1ee7a ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng; \u0111\u1ed3ng y\u00ean Nh\u1eadt v\u1eabn b\u1ecb k\u00ecm h\u00e3m b\u1edfi ch\u00eanh l\u1ec7ch l\u00e3i su\u1ea5t cao gi\u1eefa M\u1ef9 v\u00e0 Nh\u1eadt B\u1ea3n trong ng\u1eafn h\u1ea1n, v\u00e0 xu h\u01b0\u1edbng ph\u1ee5c h\u1ed3i c\u1ea7n ch\u1edd \u0111\u1ee3i ch\u00ednh s\u00e1ch n\u1edbi l\u1ecfng c\u1ee7a C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang trong qu\u00fd IV. M\u1ed9t khi Ng\u00e2n h\u00e0ng Nh\u1eadt B\u1ea3n t\u0103ng t\u1ed1c th\u1eaft ch\u1eb7t, n\u00f3 s\u1ebd b\u1eaft \u0111\u1ea7u xu h\u01b0\u1edbng t\u0103ng gi\u00e1 trung v\u00e0 d\u00e0i h\u1ea1n; C\u00e1c lo\u1ea1i ti\u1ec1n t\u1ec7 h\u00e0ng h\u00f3a nh\u01b0 \u0111\u1ed3ng \u0111\u00f4 la \u00dac c\u00f3 th\u1ec3 b\u1ecb gi\u00e1 h\u00e0ng h\u00f3a suy y\u1ebfu v\u00e0 s\u1ee9c m\u1ea1nh ph\u1ee5c h\u1ed3i c\u1ee7a ch\u00fang t\u01b0\u01a1ng \u0111\u1ed1i h\u1ea1n ch\u1ebf. Ph\u00ed b\u1ea3o hi\u1ec3m tr\u00fa \u1ea9n an to\u00e0n c\u1ee7a \u0111\u1ed3ng franc Th\u1ee5y S\u0129 s\u1ebd v\u1eabn t\u1ed3n t\u1ea1i, nh\u01b0ng s\u1ef1 can thi\u1ec7p c\u1ee7a ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng s\u1ebd h\u1ea1n ch\u1ebf s\u1ef1 gia t\u0103ng \u0111\u01a1n ph\u01b0\u01a1ng c\u1ee7a n\u00f3.<\/p>\n

<\/p>\n

Tr\u00ean th\u1ecb tr\u01b0\u1eddng thu nh\u1eadp c\u1ed1 \u0111\u1ecbnh, th\u00e2m h\u1ee5t t\u00e0i ch\u00ednh c\u1ee7a M\u1ef9 ti\u1ebfp t\u1ee5c gia t\u0103ng \u0111\u00e3 th\u00fac \u0111\u1ea9y ngu\u1ed3n cung tr\u00e1i phi\u1ebfu c\u00f3 k\u1ef3 h\u1ea1n cao h\u01a1n. L\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu M\u1ef9 k\u1ef3 h\u1ea1n 10 n\u0103m d\u1ec5 t\u0103ng nh\u01b0ng kh\u00f3 gi\u1ea3m. \u0110\u01b0\u1eddng cong l\u00e3i su\u1ea5t duy tr\u00ec xu h\u01b0\u1edbng d\u1ed1c d\u1ea7n. Th\u1eddi \u0111i\u1ec3m ph\u00e2n b\u1ed5 tr\u00e1i phi\u1ebfu l\u00e3i su\u1ea5t d\u00e0i h\u1ea1n v\u1eabn ch\u01b0a \u0111\u1ebfn. Tr\u00e1i phi\u1ebfu c\u1ea5p cao ng\u1eafn h\u1ea1n c\u00f3 hi\u1ec7u su\u1ea5t chi ph\u00ed ph\u00e2n b\u1ed5 cao h\u01a1n do l\u00e3i su\u1ea5t cao. \u1ede c\u1ea5p \u0111\u1ed9 tr\u00e1i phi\u1ebfu t\u00edn d\u1ee5ng, tr\u00e1i phi\u1ebfu t\u00e0i ch\u00ednh c\u1ea5p \u0111\u1ea7u t\u01b0 \u1edf ch\u00e2u \u00c2u v\u00e0 Hoa K\u1ef3 t\u01b0\u01a1ng \u0111\u1ed1i \u1ed5n \u0111\u1ecbnh, trong khi r\u1ee7i ro n\u1ee3 x\u1ea5u \u1edf tr\u00e1i phi\u1ebfu r\u00e1c l\u00e3i su\u1ea5t cao v\u00e0 khu v\u1ef1c t\u00edn d\u1ee5ng t\u01b0 nh\u00e2n c\u1ee7a Hoa K\u1ef3 \u0111ang lan r\u1ed9ng. Ch\u00eanh l\u1ec7ch t\u00edn d\u1ee5ng \u0111ang ch\u1ecbu \u00e1p l\u1ef1c ti\u1ebfp t\u1ee5c m\u1edf r\u1ed9ng v\u00e0 ch\u00fang ta c\u1ea7n c\u1ea3nh gi\u00e1c v\u1edbi t\u00e1c \u0111\u1ed9ng c\u1ee7a vi\u1ec7c gi\u1ea3i ph\u00f3ng r\u1ee7i ro t\u00edn d\u1ee5ng.<\/p>\n

<\/a>T\u00f3m t\u1eaft chi\u1ebfn l\u01b0\u1ee3c c\u1ea5u h\u00ecnh<\/strong><\/p>\n

Trong qu\u00fd 3, khuy\u1ebfn ngh\u1ecb chung l\u00e0 \u00e1p d\u1ee5ng ph\u01b0\u01a1ng ph\u00e1p ph\u00e2n b\u1ed5 c\u00e2n b\u1eb1ng v\u00e0 ph\u00f2ng th\u1ee7 \u0111\u1ec3 tr\u00e1nh ti\u1ebfp x\u00fac v\u1edbi c\u00e1c k\u00eanh AI thu\u1ea7n t\u00fay qu\u00e1 \u0111\u00f4ng \u0111\u00fac, gi\u1ea3m s\u1ef1 t\u1eadp trung v\u00e0o m\u1ed9t k\u00eanh duy nh\u1ea5t, t\u0103ng ph\u00e2n b\u1ed5 cho c\u00e1c t\u00e0i s\u1ea3n thu nh\u1eadp c\u1ed1 \u0111\u1ecbnh c\u1ea5p cao ng\u1eafn h\u1ea1n v\u00e0 c\u1ed5 phi\u1ebfu c\u00f3 gi\u00e1 tr\u1ecb c\u1ed5 t\u1ee9c cao, \u0111\u1ed3ng th\u1eddi l\u00e0m d\u1ecbu bi\u1ebfn \u0111\u1ed9ng danh m\u1ee5c \u0111\u1ea7u t\u01b0. V\u00e0ng \u00e1p d\u1ee5ng chi\u1ebfn l\u01b0\u1ee3c b\u1ed1 tr\u00ed b\u00ean tr\u00e1i theo t\u1eebng \u0111\u1ee3t v\u00e0 s\u1eed d\u1ee5ng c\u00e1c c\u1eeda s\u1ed5 s\u1ed1c ng\u1eafn h\u1ea1n \u0111\u1ec3 d\u1ea7n d\u1ea7n thi\u1ebft l\u1eadp c\u00e1c v\u1ecb th\u1ebf d\u00e0i h\u1ea1n; d\u1ea7u th\u00f4 tr\u00e1nh theo \u0111u\u1ed5i gi\u00e1 cao h\u01a1n v\u00e0 t\u1eadp trung v\u00e0o vi\u1ec7c gi\u1ea3m l\u01b0\u1ee3ng n\u1eafm gi\u1eef khi gi\u00e1 t\u0103ng.<\/p>\n

B\u01b0\u1edbc sang qu\u00fd 4 n\u0103m 2027, khi k\u1ef3 v\u1ecdng th\u1eaft ch\u1eb7t c\u1ee7a ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng \u0111\u01b0\u1ee3c hi\u1ec7n th\u1ef1c h\u00f3a ho\u00e0n to\u00e0n v\u00e0 l\u00e3i su\u1ea5t th\u1ef1c \u0111\u1ea1t \u0111\u1ec9nh v\u00e0 gi\u1ea3m, \u0111\u01b0\u1eddng t\u0103ng tr\u01b0\u1edfng v\u00e0ng v\u00e0 ch\u1ea5t l\u01b0\u1ee3ng cao s\u1ebd quay tr\u1edf l\u1ea1i k\u00eanh \u0111i l\u00ean. M\u1ee5c ti\u00eau ch\u00ednh trong d\u00e0i h\u1ea1n c\u1ee7a vi\u1ec7c n\u00e2ng c\u1ea5p c\u00f4ng nghi\u1ec7p to\u00e0n c\u1ea7u v\u1eabn kh\u00f4ng thay \u0111\u1ed5i v\u00e0 s\u1ee9c m\u1ea1nh t\u00ednh to\u00e1n AI, t\u00e0i s\u1ea3n c\u1ee9ng li\u00ean quan \u0111\u1ebfn chuy\u1ec3n \u0111\u1ed5i n\u0103ng l\u01b0\u1ee3ng v\u00e0 s\u1ea3n xu\u1ea5t cao c\u1ea5p v\u1eabn l\u00e0 nh\u1eefng h\u01b0\u1edbng c\u1ed1t l\u00f5i \u0111\u1ec3 thu \u0111\u01b0\u1ee3c l\u1ee3i nhu\u1eadn v\u01b0\u1ee3t m\u1ee9c. Trong t\u01b0\u01a1ng lai, c\u1ea7n ti\u1ebfp t\u1ee5c theo d\u00f5i nh\u1eefng b\u01b0\u1edbc ngo\u1eb7t ch\u00ednh s\u00e1ch c\u1ee7a c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng l\u1edbn v\u00e0 t\u1ed1c \u0111\u1ed9 gi\u1ea3m l\u1ea1m ph\u00e1t, \u0111\u1ed3ng th\u1eddi n\u1eafm b\u1eaft c\u01a1 h\u1ed9i ch\u00ednh \u0111\u1ec3 chuy\u1ec3n \u0111\u1ed5i phong c\u00e1ch c\u1ee7a c\u00e1c lo\u1ea1i t\u00e0i s\u1ea3n l\u1edbn.<\/p>","protected":false},"excerpt":{"rendered":"

Vi\u1ec7c \u0111\u1ecbnh gi\u00e1 t\u00e0i s\u1ea3n to\u00e0n c\u1ea7u s\u1ebd \u0111\u01b0\u1ee3c c\u01a1 c\u1ea5u l\u1ea1i v\u00e0o qu\u00fd 3 n\u0103m 2026. C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang d\u1ef1 ki\u1ebfn \u200b\u200bs\u1ebd t\u0103ng l\u00e3i su\u1ea5t ba l\u1ea7n trong n\u0103m v\u1edbi t\u1ed5ng c\u1ed9ng 75 \u0111i\u1ec3m c\u01a1 b\u1ea3n, v\u1edbi l\u1ea7n t\u0103ng l\u00e3i su\u1ea5t \u0111\u1ea7u ti\u00ean v\u00e0o th\u00e1ng 9. Ph\u1ea1m vi dao \u0111\u1ed9ng c\u1ee7a v\u00e0ng trong qu\u00fd 3 l\u00e0 3.800-4.300 \u0111\u00f4 la M\u1ef9 v\u00e0 m\u1ee5c ti\u00eau cu\u1ed1i n\u0103m l\u00e0 4.800-5.200 \u0111\u00f4 la M\u1ef9. Ph\u00ed b\u1ea3o hi\u1ec3m \u0111\u1ecba l\u00fd \u0111\u1ed1i v\u1edbi d\u1ea7u th\u00f4 \u0111\u00e3 \u0111\u01b0\u1ee3c x\u00f3a b\u1ecf v\u00e0 Brent quay \u0111\u1ea7u gi\u1ea3m xu\u1ed1ng c\u00f2n 65 USD. S\u1ee9c m\u1ea1nh t\u00ednh to\u00e1n AI v\u00e0 chuy\u1ec3n \u0111\u1ed5i n\u0103ng l\u01b0\u1ee3ng l\u00e0 ch\u1ee7 \u0111\u1ec1 ch\u00ednh d\u00e0i h\u1ea1n. N\u00ean ph\u00e2n b\u1ed5 ph\u00f2ng th\u1ee7 v\u00e0 c\u00e2n b\u1eb1ng \u0111\u1ec3 tr\u00e1nh t\u1eafc ngh\u1ebdn tr\u00ean con \u0111\u01b0\u1eddng AI thu\u1ea7n t\u00fay v\u00e0 t\u0103ng c\u00e1c c\u1ed5 phi\u1ebfu c\u00f3 gi\u00e1 tr\u1ecb c\u1ed5 t\u1ee9c cao v\u00e0 thu nh\u1eadp c\u1ed1 \u0111\u1ecbnh cao c\u1ea5p trong ng\u1eafn h\u1ea1n.<\/p>","protected":false},"author":1,"featured_media":10423,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[121],"tags":[1344,838,1342,1343],"class_list":["post-10422","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-news","tag-ai","tag-838","tag-1342","tag-1343"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/10422","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/comments?post=10422"}],"version-history":[{"count":1,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/10422\/revisions"}],"predecessor-version":[{"id":10427,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/10422\/revisions\/10427"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/media\/10423"}],"wp:attachment":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/media?parent=10422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/categories?post=10422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/tags?post=10422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}