{"id":7558,"date":"2025-11-24T16:57:08","date_gmt":"2025-11-24T08:57:08","guid":{"rendered":"https:\/\/www.kpai1.cn\/?p=7558"},"modified":"2025-11-24T16:57:13","modified_gmt":"2025-11-24T08:57:13","slug":"%e4%bb%8e%e5%8f%a3%e5%a4%b4%e8%ad%a6%e5%91%8a%e5%88%b0%e5%ae%9e%e9%99%85%e5%b9%b2%e9%a2%84%ef%bc%9awmax-%e8%b7%9f%e8%b8%aa%e6%97%a5%e6%9c%ac%e8%b5%84%e6%9c%ac%e5%a4%96%e9%80%83%e9%a3%8e%e9%99%a9","status":"publish","type":"post","link":"https:\/\/www.kpai1.cn\/vi\/luu-tru\/7558","title":{"rendered":"T\u1eeb c\u1ea3nh b\u00e1o b\u1eb1ng l\u1eddi n\u00f3i \u0111\u1ebfn can thi\u1ec7p th\u1ef1c t\u1ebf: Wmax theo d\u00f5i \u0111\u01b0\u1eddng truy\u1ec1n r\u1ee7i ro th\u00e1o ch\u1ea1y v\u1ed1n c\u1ee7a Nh\u1eadt B\u1ea3n v\u00e0 c\u00e1c k\u1ef3 v\u1ecdng can thi\u1ec7p"},"content":{"rendered":"

Wmax d\u1ef1a tr\u00ean gi\u00e1m s\u00e1t d\u00f2ng v\u1ed1n xuy\u00ean bi\u00ean gi\u1edbi, m\u00f4 h\u00ecnh li\u00ean k\u1ebft n\u1ee3 c\u00f3 ch\u1ee7 quy\u1ec1n v\u00e0 t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i c\u0169ng nh\u01b0 xem x\u00e9t c\u00e1c cu\u1ed9c kh\u1ee7ng ho\u1ea3ng trong l\u1ecbch s\u1eed, \u0111\u1ed3ng th\u1eddi x\u00e1c minh ch\u00e9o b\u1eb1ng d\u1eef li\u1ec7u \u0111a chi\u1ec1u \u0111\u1ec3 \u0111\u00e1nh gi\u00e1: K\u1ebf ho\u1ea1ch k\u00edch th\u00edch kinh t\u1ebf quy m\u00f4 c\u1ef1c l\u1edbn do n\u1ed9i c\u00e1c c\u1ee7a Th\u1ee7 t\u01b0\u1edbng Nh\u1eadt B\u1ea3n Takaichi Sanae \u0111\u01b0a ra \u0111ang g\u00e2y ra m\u00f4 h\u00ecnh \"ti\u00eau di\u1ec7t k\u00e9p\" \u0111\u1ed1i v\u1edbi n\u1ee3 Nh\u1eadt B\u1ea3n v\u00e0 \u0111\u1ed3ng y\u00ean. M\u1ed1i lo ng\u1ea1i c\u1ee7a th\u1ecb tr\u01b0\u1eddng v\u1ec1 t\u00ecnh h\u00ecnh t\u00e0i ch\u00ednh c\u1ee7a Nh\u1eadt B\u1ea3n ti\u1ebfp t\u1ee5c gia t\u0103ng. V\u1edbi c\u00e1c tr\u00f2 ch\u01a1i ch\u00ednh s\u00e1ch v\u00e0 k\u1ef3 v\u1ecdng can thi\u1ec7p \u0111\u01b0\u1ee3c \u00e1p d\u1ee5ng, bi\u1ebfn \u0111\u1ed9ng th\u1ecb tr\u01b0\u1eddng ng\u1eafn h\u1ea1n s\u1ebd ng\u00e0y c\u00e0ng gia t\u0103ng v\u00e0 r\u1ee7i ro th\u00e1o ch\u1ea1y v\u1ed1n d\u00e0i h\u1ea1n s\u1ebd \u0111\u01b0\u1ee3c \u1ea9n gi\u1ea5u.<\/p>\n

<\/a>1. Li\u00ean k\u1ebft tr\u00e1i phi\u1ebfu \u2013 ti\u1ec1n t\u1ec7: nguy c\u01a1 c\u1ed9ng h\u01b0\u1edfng gi\u1eefa l\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu Nh\u1eadt B\u1ea3n t\u0103ng v\u1ecdt v\u00e0 s\u1ef1 m\u1ea5t gi\u00e1 c\u1ee7a \u0111\u1ed3ng Y\u00ean<\/strong><\/p>\n

Wmax high-frequency tracking shows that the current Japanese financial market shows a significant feature of \"weak debt and foreign exchange\", which is similar to the core transmission logic of the British bond market crisis in 2022. At the data level, the 30-year Japanese government bond yield has climbed to over 3.35% (only 3% at the beginning of this month), the 40-year Japanese government bond yield has reached a historical high, and the 10-year Japanese government bond yield has risen to 1.8%, a peak since 2008. At the same time, the yen exchange rate fell to a 10-month low against the US dollar, hovering around 157, approaching the sensitive range that may trigger the Bank of Japan's intervention (the market is focused on the 160 mark).<\/p>\n

\"IMG_256\"<\/p>\n

\u0110i\u1ec1u \u0111\u00e1ng ch\u00fa \u00fd l\u00e0 Wmax nh\u1eadn th\u1ea5y qua ph\u00e2n t\u00edch t\u01b0\u01a1ng quan r\u1eb1ng m\u1ed1i li\u00ean h\u1ec7 trong ng\u00e0y gi\u1eefa t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i \u0111\u1ed3ng Y\u00ean Nh\u1eadt v\u00e0 l\u1ee3i su\u1ea5t d\u00e0i h\u1ea1n c\u1ee7a tr\u00e1i phi\u1ebfu Nh\u1eadt B\u1ea3n ti\u1ebfp t\u1ee5c t\u0103ng v\u00e0 xu h\u01b0\u1edbng c\u1ee7a c\u1ea3 hai \u0111\u00e3 d\u1ea7n \u0111i ch\u1ec7ch kh\u1ecfi gi\u1edbi h\u1ea1n c\u1ee7a ch\u1ec9 b\u00e1o gi\u00e1 tr\u1ecb h\u1ee3p l\u00fd - t\u00edn hi\u1ec7u n\u00e0y \u0111\u01b0\u1ee3c x\u00e1c \u0111\u1ecbnh trong m\u00f4 h\u00ecnh c\u1ea3nh b\u00e1o r\u1ee7i ro c\u1ee7a Wmax l\u00e0 \"\u0111i\u1ec1m b\u00e1o cho s\u1ef1 s\u1ee5p \u0111\u1ed5 ni\u1ec1m tin t\u00e0i ch\u00ednh\". Gi\u1ed1ng nh\u01b0 b\u00e0i \u0111\u00e1nh gi\u00e1 c\u1ee7a Wmax v\u1ec1 cu\u1ed9c kh\u1ee7ng ho\u1ea3ng l\u1ecbch s\u1eed \u0111\u00e3 k\u1ebft lu\u1eadn: N\u1ebfu th\u1ecb tr\u01b0\u1eddng m\u1ea5t ni\u1ec1m tin v\u00e0o cam k\u1ebft c\u1ee7a ch\u00ednh ph\u1ee7 v\u00e0 ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng v\u1ec1 l\u1ea1m ph\u00e1t th\u1ea5p, logic n\u1eafm gi\u1eef tr\u00e1i phi\u1ebfu Nh\u1eadt B\u1ea3n s\u1ebd ho\u00e0n to\u00e0n s\u1ee5p \u0111\u1ed5, \u0111i\u1ec1u n\u00e0y c\u00f3 th\u1ec3 g\u00e2y ra s\u1ef1 th\u00e1o ch\u1ea1y v\u1ed1n mang t\u00ednh h\u1ee7y di\u1ec7t. \u0110i\u1ec1u n\u00e0y r\u1ea5t gi\u1ed1ng v\u1edbi c\u00e2u chuy\u1ec7n \"b\u00e1n th\u00e1o n\u01b0\u1edbc Anh\" do vi\u1ec7c ch\u00ednh ph\u1ee7 Truss c\u1eaft gi\u1ea3m thu\u1ebf kh\u00f4ng c\u1ea5p v\u1ed1n \u1edf Anh v\u00e0o n\u0103m 2022.<\/p>\n

<\/a>2. T\u00e1c \u0111\u1ed9ng c\u1ed1t l\u00f5i c\u1ee7a k\u1ebf ho\u1ea1ch k\u00edch th\u00edch: nh\u1eefng lo ng\u1ea1i v\u1ec1 t\u00e0i ch\u00ednh do quy m\u00f4 v\u00e0 logic t\u00e0i tr\u1ee3 g\u00e2y ra<\/strong><\/p>\n

Wmax \u0111\u00e3 ti\u1ebfn h\u00e0nh th\u00e1o d\u1ee1 s\u00e2u g\u00f3i k\u00edch th\u00edch kinh t\u1ebf tr\u1ecb gi\u00e1 21,3 ngh\u00ecn t\u1ef7 y\u00ean (kho\u1ea3ng 135,4 t\u1ef7 USD) \u0111\u00e3 \u0111\u01b0\u1ee3c n\u1ed9i c\u00e1c c\u1ee7a Takaichi Sanae ph\u00ea duy\u1ec7t. C\u01a1 c\u1ea5u chi ti\u00eau v\u00e0 ngu\u1ed3n t\u00e0i tr\u1ee3 \"chi ti\u00eau\" c\u1ee7a n\u00f3 l\u00e0 m\u1ea5u ch\u1ed1t c\u1ee7a m\u1ed1i quan t\u00e2m th\u1ecb tr\u01b0\u1eddng. \u0110\u00e1nh gi\u00e1 chi ti\u1ebft c\u1ee7a k\u1ebf ho\u1ea1ch, chi ti\u00eau chung 17,7 ngh\u00ecn t\u1ef7 y\u00ean \u0111\u00e3 t\u0103ng \u0111\u00e1ng k\u1ec3 27% so v\u1edbi 13,9 ngh\u00ecn t\u1ef7 y\u00ean c\u1ee7a n\u0103m ngo\u00e1i v\u00e0 c\u00e1c bi\u1ec7n ph\u00e1p gi\u1ea3m thu\u1ebf 2,7 ngh\u00ecn t\u1ef7 y\u00ean \u0111\u00e3 \u0111\u01b0\u1ee3c k\u1ebft h\u1ee3p \u0111\u1ec3 t\u1ea1o th\u00e0nh g\u00f3i k\u00edch th\u00edch t\u00e0i ch\u00ednh l\u1edbn nh\u1ea5t c\u1ee7a Nh\u1eadt B\u1ea3n k\u1ec3 t\u1eeb sau d\u1ecbch COVID-19. Ph\u1ea1m vi chi ti\u00eau bao g\u1ed3m gi\u1ea3m gi\u00e1 (11,7 ngh\u00ecn t\u1ef7 y\u00ean, bao g\u1ed3m tr\u1ee3 c\u1ea5p \u0111i\u1ec7n v\u00e0 gas cho h\u1ed9 gia \u0111\u00ecnh, thanh to\u00e1n b\u1eb1ng ti\u1ec1n m\u1eb7t cho tr\u1ebb em), vi\u1ec7n tr\u1ee3 \u0111\u1ecba ph\u01b0\u01a1ng, h\u1ee7y b\u1ecf thu\u1ebf x\u0103ng d\u1ea7u, v.v.<\/p>\n

M\u1eb7c d\u00f9 ch\u00ednh ph\u1ee7 tuy\u00ean b\u1ed1 r\u1eb1ng s\u1ed1 ti\u1ec1n n\u00e0y m\u1ed9t ph\u1ea7n c\u00f3 ngu\u1ed3n g\u1ed1c t\u1eeb vi\u1ec7c t\u0103ng thu\u1ebf do l\u1ea1m ph\u00e1t g\u00e2y ra, nh\u01b0ng \u01b0\u1edbc t\u00ednh c\u1ee7a Wmax cho th\u1ea5y quy m\u00f4 ph\u00e1t h\u00e0nh tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7 m\u1edbi d\u1ef1 ki\u1ebfn \u200b\u200bs\u1ebd v\u01b0\u1ee3t qu\u00e1 6,69 ngh\u00ecn t\u1ef7 y\u00ean c\u1ee7a n\u0103m ngo\u00e1i, \u0111i\u1ec1u n\u00e0y s\u1ebd c\u00e0ng l\u00e0m t\u00ecnh h\u00ecnh t\u00e0i ch\u00ednh v\u1ed1n \u0111\u00e3 c\u0103ng th\u1eb3ng c\u1ee7a Nh\u1eadt B\u1ea3n tr\u1edf n\u00ean tr\u1ea7m tr\u1ecdng h\u01a1n. M\u00f4 h\u00ecnh b\u1ec1n v\u1eefng t\u00e0i ch\u00ednh c\u1ee7a Wmax cho th\u1ea5y r\u1eb1ng trong b\u1ed1i c\u1ea3nh Ng\u00e2n h\u00e0ng Nh\u1eadt B\u1ea3n duy tr\u00ec l\u1eadp tr\u01b0\u1eddng \u00f4n h\u00f2a v\u00e0 k\u1ef3 v\u1ecdng c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t c\u1ee7a Fed \u0111\u00e3 h\u1ea1 nhi\u1ec7t, s\u1ef1 k\u1ebft h\u1ee3p gi\u1eefa ph\u00e1t h\u00e0nh tr\u00e1i phi\u1ebfu quy m\u00f4 l\u1edbn + ti\u1ec1n l\u1ecfng l\u1ebbo s\u1ebd d\u1eabn \u0111\u1ebfn t\u1ef7 l\u1ec7 th\u00e2m h\u1ee5t t\u00e0i ch\u00ednh v\u00e0 t\u1ef7 l\u1ec7 g\u00e1nh n\u1eb7ng n\u1ee3 t\u0103ng th\u00eam, v\u00e0 cu\u1ed1i c\u00f9ng khu\u1ebfch \u0111\u1ea1i bi\u1ebfn \u0111\u1ed9ng th\u1ecb tr\u01b0\u1eddng th\u00f4ng qua chu\u1ed7i truy\u1ec1n t\u1ea3i \"l\u1ee3i su\u1ea5t t\u0103ng-gi\u1ea3m gi\u00e1 t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i\".<\/p>\n

\"IMG_256\"<\/p>\n

<\/a>3. K\u1ef3 v\u1ecdng can thi\u1ec7p v\u00e0 tr\u00f2 ch\u01a1i ch\u00ednh s\u00e1ch: C\u1ea3nh b\u00e1o b\u1eb1ng l\u1eddi n\u00f3i kh\u00f4ng th\u1ec3 thay \u0111\u1ed5i \u0111i\u1ec3m y\u1ebfu c\u01a1 b\u1ea3n<\/strong><\/p>\n

Wmax \u0111\u00e3 theo d\u00f5i c\u00e1c tuy\u00ean b\u1ed1 ch\u00ednh s\u00e1ch v\u00e0 ph\u1ea3n \u1ee9ng th\u1ecb tr\u01b0\u1eddng c\u1ee7a ch\u00ednh quy\u1ec1n Nh\u1eadt B\u1ea3n v\u00e0 nh\u1eadn th\u1ea5y r\u1eb1ng m\u00f4 h\u00ecnh \"can thi\u1ec7p b\u1eb1ng l\u1eddi n\u00f3i + m\u00e2u thu\u1eabn ch\u00ednh s\u00e1ch\" hi\u1ec7n nay r\u1ea5t kh\u00f3 \u0111\u1ea3o ng\u01b0\u1ee3c v\u1ec1 c\u01a1 b\u1ea3n s\u1ef1 y\u1ebfu k\u00e9m c\u1ee7a \u0111\u1ed3ng y\u00ean. B\u1ed9 tr\u01b0\u1edfng T\u00e0i ch\u00ednh Nh\u1eadt B\u1ea3n Satsuki Katayama \u0111\u00e3 li\u1ec7t k\u00ea r\u00f5 r\u00e0ng can thi\u1ec7p ngo\u1ea1i h\u1ed1i nh\u01b0 m\u1ed9t ph\u01b0\u01a1ng \u00e1n \u1ee9ng ph\u00f3, nh\u1ea5n m\u1ea1nh r\u1eb1ng \u00f4ng s\u1ebd c\u00f3 h\u00e0nh \u0111\u1ed9ng ch\u1ed1ng l\u1ea1i nh\u1eefng bi\u1ebfn \u0111\u1ed9ng m\u1ea5t tr\u1eadt t\u1ef1 \"c\u1ef1c k\u1ef3 \u0111\u01a1n ph\u01b0\u01a1ng v\u00e0 nhanh ch\u00f3ng\". Tuy nhi\u00ean, sau tuy\u00ean b\u1ed1 c\u1ee7a \u00f4ng, \u0111\u1ed3ng \u0111\u00f4 la M\u1ef9 so v\u1edbi \u0111\u1ed3ng y\u00ean ch\u1ec9 gi\u1ea3m nhanh tr\u1edf l\u1ea1i m\u1ee9c 157,20, r\u1ed3i nhanh ch\u00f3ng ph\u1ee5c h\u1ed3i, ph\u1ea3n \u00e1nh th\u1ecb tr\u01b0\u1eddng ti\u1ebfp t\u1ee5c gi\u1ea3m \u0111\u1ed9 nh\u1ea1y c\u1ea3m tr\u01b0\u1edbc nh\u1eefng c\u1ea3nh b\u00e1o b\u1eb1ng l\u1eddi n\u00f3i. K\u1ebft h\u1ee3p v\u1edbi \u0111\u00e1nh gi\u00e1 c\u1ee7a Wmax v\u1ec1 l\u1ecbch s\u1eed can thi\u1ec7p c\u1ee7a Nh\u1eadt B\u1ea3n: K\u1ec3 t\u1eeb n\u0103m 2022, ch\u00ednh quy\u1ec1n Nh\u1eadt B\u1ea3n \u0111\u00e3 chi kho\u1ea3ng 173 t\u1ef7 USD \u0111\u1ec3 h\u1ed7 tr\u1ee3 \u0111\u1ed3ng y\u00ean, nh\u01b0ng h\u1ecd ch\u1ec9 \u0111\u1ea1t \u0111\u01b0\u1ee3c \u0111i\u1ec1u ch\u1ec9nh t\u1ef7 gi\u00e1 trong ng\u1eafn h\u1ea1n v\u00e0 kh\u00f4ng th\u1ec3 thay \u0111\u1ed5i xu h\u01b0\u1edbng - nguy\u00ean nh\u00e2n c\u1ed1t l\u00f5i l\u00e0 s\u1ef1 can thi\u1ec7p thi\u1ebfu s\u1ef1 ph\u1ed1i h\u1ee3p v\u1edbi k\u1ef7 lu\u1eadt t\u00e0i ch\u00ednh v\u00e0 \u0111i\u1ec1u ch\u1ec9nh ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7.<\/p>\n

M\u00f4 h\u00ecnh \u0111\u1ecbnh h\u01b0\u1edbng t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i c\u1ee7a Wmax cho th\u1ea5y n\u1ebfu Ng\u00e2n h\u00e0ng Trung \u01b0\u01a1ng Nh\u1eadt B\u1ea3n nh\u1ea5t quy\u1ebft kh\u00f4ng t\u0103ng l\u00e3i su\u1ea5t (t\u1ef7 l\u1ec7 l\u1ea1m ph\u00e1t hi\u1ec7n t\u1ea1i \u0111\u00e3 cao h\u01a1n m\u1ee5c ti\u00eau 2% trong 43 th\u00e1ng li\u00ean ti\u1ebfp, nh\u01b0ng ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng v\u1eabn ti\u1ebfp t\u1ee5c n\u1edbi l\u1ecfng), vi\u1ec7c ch\u1ec9 d\u1ef1a v\u00e0o can thi\u1ec7p d\u1ef1 tr\u1eef ngo\u1ea1i h\u1ed1i s\u1ebd ch\u1ec9 mang l\u1ea1i c\u01a1 h\u1ed9i ho\u1ea1t \u0111\u1ed9ng \u0111\u1ea3o ng\u01b0\u1ee3c cho ho\u1ea1t \u0111\u1ed9ng b\u00e1n kh\u1ed1ng \u0111\u1ed3ng Y\u00ean; ch\u1ec9 b\u1eb1ng c\u00e1ch b\u1eaft \u0111\u1ea7u chu k\u1ef3 t\u0103ng l\u00e3i su\u1ea5t, n\u00f3 m\u1edbi c\u00f3 th\u1ec3 \u0111\u1ea9y \u0111\u1ed3ng \u0111\u00f4 la so v\u1edbi \u0111\u1ed3ng y\u00ean tr\u1edf l\u1ea1i d\u01b0\u1edbi m\u1ee9c 150, n\u1ebfu kh\u00f4ng, vi\u1ec7c n\u00f3 v\u01b0\u1ee3t qua m\u1ee9c 160 ch\u1ec9 l\u00e0 v\u1ea5n \u0111\u1ec1 th\u1eddi gian. Ngo\u00e0i ra, nh\u1eefng b\u1ea5t \u0111\u1ed3ng n\u1ed9i b\u1ed9 \u1edf c\u1ea5p ch\u00ednh s\u00e1ch c\u0169ng l\u00e0m tr\u1ea7m tr\u1ecdng th\u00eam s\u1ef1 b\u1ea5t \u1ed5n c\u1ee7a th\u1ecb tr\u01b0\u1eddng: m\u1ed9t m\u1eb7t, ch\u00ednh ph\u1ee7 Sanae c\u00f3 th\u1ec3 tung ra m\u1ed9t \u0111\u1ee3t k\u1ebf ho\u1ea1ch k\u00edch th\u00edch m\u1edbi v\u00e0o m\u00f9a xu\u00e2n t\u1edbi \u0111\u1ec3 m\u1edf r\u1ed9ng chi ti\u00eau h\u01a1n n\u1eefa; m\u1eb7t kh\u00e1c, n\u1ebfu Ng\u00e2n h\u00e0ng Nh\u1eadt B\u1ea3n t\u0103ng l\u00e3i su\u1ea5t v\u00e0o th\u00e1ng 1 khi ho\u1ea1t \u0111\u1ed9ng \u0111\u1ea7u c\u01a1 tr\u00ean th\u1ecb tr\u01b0\u1eddng di\u1ec5n ra, th\u00ec sau \u0111\u00f3 Ng\u00e2n h\u00e0ng Trung \u01b0\u01a1ng Nh\u1eadt B\u1ea3n c\u00f3 th\u1ec3 t\u1ea1m d\u1eebng t\u0103ng l\u00e3i su\u1ea5t trong m\u1ed9t n\u0103m theo quan \u0111i\u1ec3m c\u1ee7a ch\u00ednh ph\u1ee7 v\u1ec1 th\u00fac \u0111\u1ea9y t\u0103ng tr\u01b0\u1edfng. S\u1ef1 k\u1ebft h\u1ee3p gi\u1eefa logic \"t\u00e0i ch\u00ednh l\u1ecfng l\u1ebbo + ti\u1ec1n t\u1ec7 y\u1ebfu\" n\u00e0y ti\u1ebfp t\u1ee5c l\u00e0m suy y\u1ebfu s\u1ef1 h\u1ed7 tr\u1ee3 d\u00e0i h\u1ea1n c\u1ee7a \u0111\u1ed3ng y\u00ean.<\/p>\n

<\/a>4. Nghi\u00ean c\u1ee9u v\u00e0 \u0111\u00e1nh gi\u00e1 to\u00e0n di\u1ec7n v\u1ec1 s\u1ef1 kh\u00e1c bi\u1ec7t v\u1ec1 th\u1ec3 ch\u1ebf v\u00e0 Wmax<\/strong><\/p>\n

Wmax \u0111\u00e3 t\u00edch h\u1ee3p quan \u0111i\u1ec3m c\u1ee7a c\u00e1c t\u1ed5 ch\u1ee9c c\u1ed1t l\u00f5i to\u00e0n c\u1ea7u v\u00e0 nh\u1eadn th\u1ea5y r\u1eb1ng th\u1ecb tr\u01b0\u1eddng c\u00f3 nh\u1eefng kh\u00e1c bi\u1ec7t \u0111\u00e1ng k\u1ec3 v\u1ec1 tri\u1ec3n v\u1ecdng kinh t\u1ebf c\u1ee7a Nh\u1eadt B\u1ea3n, nh\u01b0ng s\u1ef1 \u0111\u1ed3ng thu\u1eadn v\u1ec1 c\u00e1c r\u1ee7i ro c\u1ed1t l\u00f5i \u0111ang h\u00ecnh th\u00e0nh:<\/p>\n

\"IMG_257\"<\/p>\n