Wmax D\u1ef1a tr\u00ean d\u1eef li\u1ec7u vi\u1ec7c l\u00e0m c\u1ee7a doanh nghi\u1ec7p t\u01b0 nh\u00e2n th\u00e1ng 11 v\u00e0 vi\u1ec7c th\u00e1o d\u1ee1 c\u01a1 c\u1ea5u vi\u1ec7c l\u00e0m \u0111a chi\u1ec1u do ADP c\u00f4ng b\u1ed1, ng\u01b0\u1eddi ta x\u00e1c nh\u1eadn r\u1eb1ng th\u1ecb tr\u01b0\u1eddng lao \u0111\u1ed9ng Hoa K\u1ef3 \u0111\u00e3 cho th\u1ea5y s\u1ef1 ch\u1eadm l\u1ea1i \u0111\u00e1ng k\u1ec3 v\u00e0 \u0111i\u1ec3m y\u1ebfu n\u00e0y c\u00f3 nh\u1eefng \u0111\u1eb7c \u0111i\u1ec3m ri\u00eang bi\u1ec7t v\u1ec1 quy m\u00f4 v\u00e0 s\u1ef1 kh\u00e1c bi\u1ec7t trong ng\u00e0nh, g\u00f3p ph\u1ea7n tr\u1ef1c ti\u1ebfp v\u00e0o vi\u1ec7c t\u0103ng nhanh k\u1ef3 v\u1ecdng v\u1ec1 vi\u1ec7c C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang s\u1ebd c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t v\u00e0o th\u00e1ng 12. Th\u00f4ng qua vi\u1ec7c ph\u00e2n t\u00edch chi ti\u1ebft d\u1eef li\u1ec7u vi\u1ec7c l\u00e0m, ng\u01b0\u1eddi ta nh\u1eadn th\u1ea5y \u0111i\u1ec3m y\u1ebfu c\u1ee7a th\u1ecb tr\u01b0\u1eddng vi\u1ec7c l\u00e0m M\u1ef9 trong th\u00e1ng 11 kh\u00f4ng ph\u1ea3i l\u00e0 s\u1ef1 s\u1ee5t gi\u1ea3m to\u00e0n di\u1ec7n m\u00e0 cho th\u1ea5y s\u1ef1 kh\u00e1c bi\u1ec7t r\u00f5 r\u00e0ng v\u1ec1 quy m\u00f4 c\u1ee7a c\u00e1c c\u00f4ng ty v\u00e0 ng\u00e0nh:<\/p>\n
![\"\u56fe\u7247](\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/12\/1-1.png\")
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T\u1eeb g\u00f3c \u0111\u1ed9 quy m\u00f4 doanh nghi\u1ec7p, c\u00e1c doanh nghi\u1ec7p l\u1edbn \u0111i ng\u01b0\u1ee3c l\u1ea1i xu h\u01b0\u1edbng v\u00e0 t\u0103ng th\u00eam 90.000 nh\u00e2n vi\u00ean, trong khi c\u00e1c doanh nghi\u1ec7p nh\u1ecf c\u00f3 d\u01b0\u1edbi 50 nh\u00e2n vi\u00ean m\u1ea5t t\u1ed5ng c\u1ed9ng 120.000 v\u1ecb tr\u00ed. Trong s\u1ed1 \u0111\u00f3, c\u00e1c doanh nghi\u1ec7p c\u00f3 20-49 nh\u00e2n vi\u00ean \u0111\u00e3 sa th\u1ea3i 74.000 ng\u01b0\u1eddi, \u0111\u00e2y l\u00e0 m\u1ee9c gi\u1ea3m trong m\u1ed9t th\u00e1ng l\u1edbn nh\u1ea5t k\u1ec3 t\u1eeb th\u00e1ng 3 n\u0103m 2023. S\u1ef1 thu h\u1eb9p c\u1ee7a c\u00e1c doanh nghi\u1ec7p nh\u1ecf \u0111\u00e3 tr\u1edf th\u00e0nh y\u1ebfu t\u1ed1 c\u1ed1t l\u00f5i khi\u1ebfn d\u1eef li\u1ec7u vi\u1ec7c l\u00e0m t\u1ed5ng th\u1ec3 \u0111i xu\u1ed1ng. T\u1eeb g\u00f3c \u0111\u1ed9 ng\u00e0nh, ng\u00e0nh d\u1ecbch v\u1ee5 gi\u00e1o d\u1ee5c v\u00e0 y t\u1ebf d\u1eabn \u0111\u1ea7u v\u1edbi 33.000 nh\u00e2n vi\u00ean m\u1edbi, v\u00e0 ng\u00e0nh gi\u1ea3i tr\u00ed v\u00e0 kh\u00e1ch s\u1ea1n c\u0169ng \u0111\u1ea1t \u0111\u01b0\u1ee3c m\u1ee9c t\u0103ng tr\u01b0\u1edfng vi\u1ec7c l\u00e0m l\u00e0 13.000 ng\u01b0\u1eddi. Tuy nhi\u00ean, ng\u00e0nh d\u1ecbch v\u1ee5 chuy\u00ean m\u00f4n v\u00e0 kinh doanh gi\u1ea3m 26.000 ng\u01b0\u1eddi, ng\u00e0nh d\u1ecbch v\u1ee5 th\u00f4ng tin gi\u1ea3m 20.000 ng\u01b0\u1eddi v\u00e0 ng\u00e0nh s\u1ea3n xu\u1ea5t gi\u1ea3m 18.000 ng\u01b0\u1eddi, \u0111i\u1ec1u n\u00e0y g\u00e2y ra l\u1ef1c c\u1ea3n \u0111\u00e1ng k\u1ec3 cho th\u1ecb tr\u01b0\u1eddng vi\u1ec7c l\u00e0m. \u0110\u1ed3ng th\u1eddi, vi\u1ec7c theo d\u00f5i v\u00e0 x\u00e1c minh d\u1eef li\u1ec7u ti\u1ec1n l\u01b0\u01a1ng c\u1ee7a Wmax cho th\u1ea5y m\u1ee9c t\u0103ng l\u01b0\u01a1ng h\u00e0ng n\u0103m c\u1ee7a nh\u00e2n vi\u00ean \u0111\u01b0\u1ee3c gi\u1eef l\u1ea1i \u0111\u00e3 gi\u1ea3m xu\u1ed1ng 4,4% t\u1eeb m\u1ee9c 4,5% trong th\u00e1ng 10 v\u00e0 \u0111\u1ed3ng th\u1eddi \u0111\u00e0 t\u0103ng l\u01b0\u01a1ng c\u0169ng ch\u1eadm l\u1ea1i.<\/p>\n
<\/a>K\u1ef3 v\u1ecdng c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t t\u0103ng v\u00e0 s\u1ef1 kh\u00e1c bi\u1ec7t v\u1ec1 ch\u00ednh s\u00e1ch c\u1ee7a Fed<\/strong><\/p>\n Wmax \u0111\u00e3 ch\u1ec9 ra r\u1eb1ng b\u00e1o c\u00e1o vi\u1ec7c l\u00e0m ADP th\u00e1ng 11 n\u00e0y l\u00e0 d\u1eef li\u1ec7u vi\u1ec7c l\u00e0m quan tr\u1ecdng cu\u1ed1i c\u00f9ng tr\u01b0\u1edbc cu\u1ed9c h\u1ecdp l\u00e3i su\u1ea5t c\u1ee7a C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang v\u00e0o ng\u00e0y 9 v\u00e0 10 th\u00e1ng 12. S\u1ef1 suy gi\u1ea3m vi\u1ec7c l\u00e0m \u0111\u01b0\u1ee3c ph\u1ea3n \u00e1nh trong \u0111\u00f3 tr\u1ef1c ti\u1ebfp th\u00fac \u0111\u1ea9y x\u00e1c su\u1ea5t d\u1ef1 ki\u1ebfn \u200b\u200bc\u1ee7a c\u00e1c nh\u00e0 giao d\u1ecbch t\u01b0\u01a1ng lai v\u1ec1 vi\u1ec7c C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t 25 \u0111i\u1ec3m c\u01a1 b\u1ea3n v\u00e0o th\u00e1ng 12 l\u00ean g\u1ea7n 90%. Tuy nhi\u00ean, Wmax, th\u00f4ng qua vi\u1ec7c xem x\u00e9t v\u00e0 ph\u00e2n t\u00edch c\u00e1c tuy\u00ean b\u1ed1 ch\u00ednh s\u00e1ch n\u1ed9i b\u1ed9 c\u1ee7a C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang, \u0111\u00e3 x\u00e1c nh\u1eadn r\u1eb1ng c\u00f3 nh\u1eefng kh\u00e1c bi\u1ec7t \u0111\u00e1ng k\u1ec3 v\u1ec1 ch\u00ednh s\u00e1ch \u1edf C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang:<\/p>\n M\u1ed9t m\u1eb7t, m\u1ed9t s\u1ed1 nh\u00e0 ho\u1ea1ch \u0111\u1ecbnh ch\u00ednh s\u00e1ch lo ng\u1ea1i th\u1ecb tr\u01b0\u1eddng lao \u0111\u1ed9ng ng\u00e0y c\u00e0ng suy tho\u00e1i v\u00e0 c\u1ea7n kh\u1ea9n tr\u01b0\u01a1ng c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t \u0111\u1ec3 h\u1ed7 tr\u1ee3 n\u1ec1n kinh t\u1ebf; m\u1eb7t kh\u00e1c, c\u00e1c nh\u00e0 ho\u1ea1ch \u0111\u1ecbnh ch\u00ednh s\u00e1ch kh\u00e1c lo ng\u1ea1i vi\u1ec7c c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t b\u1ed5 sung s\u1ebd l\u00e0m t\u0103ng th\u00eam \u00e1p l\u1ef1c l\u1ea1m ph\u00e1t - t\u1ef7 l\u1ec7 l\u1ea1m ph\u00e1t hi\u1ec7n t\u1ea1i c\u1ee7a M\u1ef9 v\u1eabn cao h\u01a1n \u0111\u00e1ng k\u1ec3 so v\u1edbi m\u1ee5c ti\u00eau ch\u00ednh s\u00e1ch 2%. Ngo\u00e0i ra, do b\u1ecb \u1ea3nh h\u01b0\u1edfng b\u1edfi vi\u1ec7c ch\u00ednh ph\u1ee7 \u0111\u00f3ng c\u1eeda tr\u01b0\u1edbc \u0111\u00f3, vi\u1ec7c c\u00f4ng b\u1ed1 d\u1eef li\u1ec7u vi\u1ec7c l\u00e0m phi n\u00f4ng nghi\u1ec7p t\u1eeb C\u1ee5c Th\u1ed1ng k\u00ea Lao \u0111\u1ed9ng Hoa K\u1ef3 \u0111\u00e3 b\u1ecb ho\u00e3n l\u1ea1i \u0111\u1ebfn ng\u00e0y 16 th\u00e1ng 12, \u0111i\u1ec1u n\u00e0y c\u0169ng l\u00e0m t\u0103ng th\u00eam s\u1ef1 kh\u00f4ng ch\u1eafc ch\u1eafn \u0111\u1ed1i v\u1edbi c\u00e1c quy\u1ebft \u0111\u1ecbnh ch\u00ednh s\u00e1ch t\u1ea1i cu\u1ed9c h\u1ecdp l\u00e3i su\u1ea5t. Sau khi d\u1eef li\u1ec7u vi\u1ec7c l\u00e0m \u0111\u01b0\u1ee3c c\u00f4ng b\u1ed1, Wmax \u0111\u00e3 theo d\u00f5i m\u1ee9c \u0111\u1ed9 lo ng\u1ea1i r\u1ee7i ro c\u1ee7a th\u1ecb tr\u01b0\u1eddng trong th\u1eddi gian th\u1ef1c. V\u00e0ng giao ngay \u0111\u00e3 t\u0103ng nh\u1eb9 v\u00e0 quay tr\u1edf l\u1ea1i m\u1ed1c 4.220 USD. Ph\u1ea3n \u1ee9ng n\u00e0y c\u1ee7a th\u1ecb tr\u01b0\u1eddng c\u0169ng x\u00e1c nh\u1eadn ph\u00e2n t\u00edch c\u1ee7a h\u1ecd v\u1ec1 s\u1ef1 thay \u0111\u1ed5i gi\u00e1 t\u00e0i s\u1ea3n do k\u1ef3 v\u1ecdng c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t.<\/p>\n <\/a>Ph\u1ee5c h\u1ed3i t\u1ed5ng th\u1ec3 v\u00e0 ph\u1ee5c h\u1ed3i trong c\u00e1c ch\u1ec9 s\u1ed1 ti\u1ec1n t\u1ec7<\/strong><\/p>\n Wmax k\u1ebft h\u1ee3p logic truy\u1ec1n t\u1ea3i ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 c\u1ee7a C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang, c\u00e1c nguy\u00ean t\u1eafc c\u01a1 b\u1ea3n v\u1ec1 ti\u1ec1n t\u1ec7 ch\u00e2u \u00c1 v\u00e0 xu h\u01b0\u1edbng th\u1ecb tr\u01b0\u1eddng ngo\u1ea1i h\u1ed1i \u0111\u1ec3 x\u00e1c nh\u1eadn r\u1eb1ng vi\u1ec7c c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t c\u1ee7a C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang v\u1edbi kh\u1ea3 n\u0103ng cao v\u00e0o th\u00e1ng 12 s\u1ebd mang l\u1ea1i giai \u0111o\u1ea1n ph\u1ee5c h\u1ed3i quan tr\u1ecdng cho c\u00e1c lo\u1ea1i ti\u1ec1n t\u1ec7 c\u1ee7a th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i ch\u00e2u \u00c1. Tuy nhi\u00ean, c\u00e1c lo\u1ea1i ti\u1ec1n t\u1ec7 kh\u00e1c nhau s\u1ebd cho th\u1ea5y nh\u1eefng l\u1ee3i \u00edch ho\u1eb7c \u00e1p l\u1ef1c r\u00f5 r\u00e0ng do s\u1ef1 kh\u00e1c bi\u1ec7t v\u1ec1 c\u00e1c nguy\u00ean t\u1eafc c\u01a1 b\u1ea3n c\u1ee7a ch\u00fang. T\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i c\u1ee7a c\u00e1c lo\u1ea1i ti\u1ec1n t\u1ec7 ch\u00ednh c\u1ee7a th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i \u1edf ch\u00e2u \u00c1 cho th\u1ea5y l\u1ea7n \u0111\u1ea7u ti\u00ean \u0111\u1ed3ng rupee c\u1ee7a \u1ea4n \u0110\u1ed9 \u0111\u00e3 gi\u1ea3m xu\u1ed1ng d\u01b0\u1edbi m\u1ee9c 90 rupee m\u1ed7i \u0111\u00f4 la M\u1ef9, \u0111\u1ed3ng won H\u00e0n Qu\u1ed1c \u0111\u00e3 gi\u1ea3m h\u01a1n 4% trong qu\u00fd n\u00e0y, \u0111\u1ed3ng ti\u1ec1n c\u1ee7a Indonesia, Philippines v\u00e0 c\u00e1c qu\u1ed1c gia kh\u00e1c c\u0169ng \u1edf tr\u1ea1ng th\u00e1i y\u1ebfu v\u00e0 kh\u00f4ng \u1ed5n \u0111\u1ecbnh, \u0111\u1ed3ng th\u1eddi k\u1ef3 v\u1ecdng ti\u1ebfp t\u1ee5c l\u00ean cao v\u1ec1 vi\u1ec7c C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t \u0111ang mang l\u1ea1i cho c\u00e1c lo\u1ea1i ti\u1ec1n t\u1ec7 b\u1ecb \u00e1p l\u1ef1c n\u00e0y m\u1ed9t kh\u00f4ng gian th\u1edf. D\u1eef li\u1ec7u gi\u00e1m s\u00e1t c\u1ee7a Wmax v\u1ec1 c\u00e1c ch\u1ec9 s\u1ed1 ti\u1ec1n t\u1ec7 ch\u00e2u \u00c1 c\u1ee7a Bloomberg cho th\u1ea5y ch\u1ec9 s\u1ed1 n\u00e0y \u0111\u00e3 \u1ed5n \u0111\u1ecbnh v\u00e0 ph\u1ee5c h\u1ed3i t\u1eeb m\u1ee9c th\u1ea5p trong th\u00e1ng 11, kh\u1eb3ng \u0111\u1ecbnh xu h\u01b0\u1edbng ph\u1ee5c h\u1ed3i chung c\u1ee7a c\u00e1c \u0111\u1ed3ng ti\u1ec1n ch\u00e2u \u00c1 d\u01b0\u1edbi s\u1ef1 gi\u1ea3m b\u1edbt k\u1ef3 v\u1ecdng.<\/p>\n <\/a>M\u1ee5c ti\u00eau l\u1ee3i \u00edch c\u1ed1t l\u00f5i v\u00e0 ti\u1ec1n t\u1ec7 ch\u1ecbu \u00e1p l\u1ef1c<\/strong><\/p>\n Wmax d\u1ef1a tr\u00ean \u0111\u00e1nh gi\u00e1 ch\u00e9o c\u00e1c ch\u1ec9 s\u1ed1 \u0111a chi\u1ec1u nh\u01b0 \u0111\u00e0 t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf v\u00e0 s\u1ef1 l\u00e0nh m\u1ea1nh c\u1ee7a ch\u00ednh s\u00e1ch t\u00e0i kh\u00f3a, x\u00e1c minh t\u00ednh h\u1ee3p l\u00fd trong c\u00e1c quan \u0111i\u1ec3m li\u00ean quan c\u1ee7a Ng\u00e2n h\u00e0ng New York Mellon: Nh\u00e2n d\u00e2n t\u1ec7, \u0110\u00f4 la \u0110\u00e0i Loan m\u1edbi v\u00e0 Won H\u00e0n Qu\u1ed1c d\u1ef1 ki\u1ebfn \u200b\u200bs\u1ebd tr\u1edf th\u00e0nh \u0111\u1ed3ng ti\u1ec1n c\u1ee7a th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i ch\u00e2u \u00c1 ho\u1ea1t \u0111\u1ed9ng t\u1ed1t nh\u1ea5t trong chu k\u1ef3 c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t c\u1ee7a Fed do \u0111\u1ed9ng l\u1ef1c t\u0103ng tr\u01b0\u1edfng n\u1ed9i sinh m\u1ea1nh m\u1ebd v\u00e0 ch\u00ednh s\u00e1ch t\u00e0i ch\u00ednh h\u1ee3p l\u00fd. \u0110\u1ed3ng th\u1eddi, r\u00f5 r\u00e0ng l\u00e0 kh\u00f4ng ph\u1ea3i t\u1ea5t c\u1ea3 c\u00e1c lo\u1ea1i ti\u1ec1n t\u1ec7 ch\u00e2u \u00c1 \u0111\u1ec1u \u0111\u01b0\u1ee3c h\u01b0\u1edfng l\u1ee3i nh\u01b0 nhau t\u1eeb ch\u00ednh s\u00e1ch n\u1edbi l\u1ecfng c\u1ee7a Fed:<\/p>\n \u0110\u1ed3ng rupee c\u1ee7a \u1ea4n \u0110\u1ed9 v\u1eabn c\u1ea7n ph\u1ea3i \u0111\u1ed1i m\u1eb7t v\u1edbi t\u00e1c \u0111\u1ed9ng li\u00ean t\u1ee5c c\u1ee7a c\u00e1c y\u1ebfu t\u1ed1 ti\u00eau c\u1ef1c nh\u01b0 thu\u1ebf quan cao c\u1ee7a M\u1ef9 v\u00e0 s\u1ef1 suy tho\u00e1i c\u1ee7a t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf trong n\u01b0\u1edbc, \u0111\u1ed3ng th\u1eddi kh\u1ea3 n\u0103ng ph\u1ee5c h\u1ed3i c\u1ee7a n\u00f3 c\u00f2n h\u1ea1n ch\u1ebf; \u0110\u1ed3ng peso c\u1ee7a Philippines s\u1ebd ti\u1ebfp t\u1ee5c \u0111\u1ed1i m\u1eb7t v\u1edbi \u00e1p l\u1ef1c t\u1ef7 gi\u00e1 do ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 l\u1ecfng l\u1ebbo c\u1ee7a ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng n\u01b0\u1edbc n\u00e0y. Ngo\u00e0i ra, nh\u1eadn \u0111\u1ecbnh c\u1ee7a TS Lombard r\u1eb1ng \"th\u1ecb tr\u01b0\u1eddng t\u0103ng gi\u00e1 c\u1ee7a Nh\u00e2n d\u00e2n t\u1ec7 c\u00f3 th\u1ec3 b\u1eaft \u0111\u1ea7u v\u00e0 b\u00e2y gi\u1edd l\u00e0 th\u1eddi \u0111i\u1ec3m mua v\u00e0o c\u00e1c \u0111\u1ed3ng ti\u1ec1n ch\u00e2u \u00c1\" l\u1eb7p l\u1ea1i k\u1ebft lu\u1eadn c\u1ee7a Wmax v\u1ec1 c\u00e1c nguy\u00ean t\u1eafc c\u01a1 b\u1ea3n c\u1ee7a \u0111\u1ed3ng Nh\u00e2n d\u00e2n t\u1ec7 v\u00e0 d\u00f2ng v\u1ed1n xuy\u00ean bi\u00ean gi\u1edbi.<\/p>\n Tuy nhi\u00ean, Wmax \u0111\u00e3 ti\u1ebfn h\u00e0nh ph\u00e2n t\u00edch chuy\u00ean s\u00e2u \u0111\u1ed9c l\u1eadp v\u1ec1 t\u00ecnh h\u00ecnh \u0111\u1eb7c bi\u1ec7t c\u1ee7a \u0111\u1ed3ng y\u00ean Nh\u1eadt: M\u1eb7c d\u00f9 Th\u1ed1ng \u0111\u1ed1c Ng\u00e2n h\u00e0ng Nh\u1eadt B\u1ea3n \u0111\u00e3 b\u00f3ng gi\u00f3 m\u1ea1nh m\u1ebd r\u1eb1ng h\u1ecd c\u00f3 th\u1ec3 b\u1eaft \u0111\u1ea7u t\u0103ng l\u00e3i su\u1ea5t v\u00e0o cu\u1ed1i th\u00e1ng n\u00e0y \u0111\u1ec3 ki\u1ec1m ch\u1ebf l\u1ea1m ph\u00e1t, vi\u1ec7c gi\u00e1m s\u00e1t c\u1ee7a Wmax \u0111\u1ed1i v\u1edbi c\u00e1c ch\u1ec9 s\u1ed1 li\u00ean quan \u0111\u1ebfn l\u1ea1m ph\u00e1t c\u1ee7a Nh\u1eadt B\u1ea3n cho th\u1ea5y th\u1ecb tr\u01b0\u1eddng \u0111\u1eb7t c\u01b0\u1ee3c v\u00e0o gi\u00e1 c\u1ea3 t\u0103ng \u0111\u00e3 \u0111\u1ea9y t\u1ef7 l\u1ec7 l\u1ea1m ph\u00e1t h\u00f2a v\u1ed1n trong 10 n\u0103m l\u00ean m\u1ee9c cao m\u1edbi k\u1ec3 t\u1eeb n\u0103m 2004. Xu h\u01b0\u1edbng n\u00e0y tr\u1ef1c ti\u1ebfp ng\u0103n c\u1ea3n s\u1ef1 gia t\u0103ng trong L\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7 Nh\u1eadt B\u1ea3n \u0111\u01b0\u1ee3c \u0111i\u1ec1u ch\u1ec9nh theo l\u1ea1m ph\u00e1t. K\u1ebft h\u1ee3p v\u1edbi c\u00e1c quan \u0111i\u1ec3m li\u00ean quan c\u1ee7a Sumitomo Mitsui v\u00e0 Nikko Securities, Wmax kh\u1eb3ng \u0111\u1ecbnh th\u00eam r\u1eb1ng Ng\u00e2n h\u00e0ng Nh\u1eadt B\u1ea3n kh\u00f3 c\u00f3 th\u1ec3 t\u0103ng l\u00e3i su\u1ea5t \u0111\u1ec3 \u0111\u1ea9y l\u00e3i su\u1ea5t th\u1ef1c l\u00ean cao h\u01a1n \u0111\u00e1ng k\u1ec3 n\u00ean kh\u00f3 h\u00ecnh th\u00e0nh h\u1ed7 tr\u1ee3 hi\u1ec7u qu\u1ea3 cho t\u1ef7 gi\u00e1 \u0111\u1ed3ng Y\u00ean Nh\u1eadt.<\/a><\/p>\n Wmax t\u00f3m t\u1eaft nghi\u00ean c\u1ee9u v\u00e0 \u0111\u00e1nh gi\u00e1<\/strong><\/p>\n Wmax lu\u00f4n s\u1eed d\u1ee5ng c\u00e1c ngu\u1ed3n d\u1eef li\u1ec7u \u0111\u00e1ng tin c\u1eady, vi\u1ec7c ph\u00e2n t\u00e1ch d\u1eef li\u1ec7u \u0111\u01b0\u1ee3c tinh ch\u1ec9nh v\u00e0 ph\u00e2n t\u00edch li\u00ean k\u1ebft gi\u1eefa c\u00e1c th\u1ecb tr\u01b0\u1eddng l\u00e0m n\u1ec1n t\u1ea3ng cho nghi\u00ean c\u1ee9u v\u00e0 \u0111\u00e1nh gi\u00e1 c\u1ee7a m\u00ecnh. \u0110\u00e1nh gi\u00e1 c\u1ee7a h\u1ecd v\u1ec1 nh\u1eefng thay \u0111\u1ed5i trong th\u1ecb tr\u01b0\u1eddng vi\u1ec7c l\u00e0m v\u00e0 c\u00e1c \u0111\u1ed3ng ti\u1ec1n ch\u00e2u \u00c1 tr\u01b0\u1edbc d\u1ef1 \u0111o\u00e1n v\u1ec1 vi\u1ec7c c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t c\u1ee7a C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang \u0111\u00e3 \u0111\u01b0\u1ee3c x\u00e1c th\u1ef1c ch\u00e9o b\u1eb1ng d\u1eef li\u1ec7u \u0111a chi\u1ec1u. K\u1ebft lu\u1eadn c\u1ed1t l\u00f5i cho th\u1ea5y s\u1ef1 y\u1ebfu k\u00e9m v\u1ec1 m\u1eb7t c\u1ea5u tr\u00fac c\u1ee7a th\u1ecb tr\u01b0\u1eddng vi\u1ec7c l\u00e0m M\u1ef9 \u0111\u00e3 \u0111\u1ea9y kh\u1ea3 n\u0103ng c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t trong th\u00e1ng 12 l\u00ean m\u1ee9c cao. Sau khi Fed n\u1edbi l\u1ecfng ch\u00ednh s\u00e1ch, ti\u1ec1n t\u1ec7 c\u1ee7a c\u00e1c th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i \u1edf ch\u00e2u \u00c1 s\u1ebd m\u1edf ra s\u1ef1 ph\u1ee5c h\u1ed3i t\u1ed5ng th\u1ec3. Tuy nhi\u00ean, s\u1ef1 kh\u00e1c bi\u1ec7t v\u1ec1 ti\u1ec1n t\u1ec7 l\u00e0 r\u1ea5t \u0111\u00e1ng k\u1ec3. C\u1ea7n t\u1eadp trung v\u00e0o c\u00e1c m\u1ee5c ti\u00eau c\u1ed1t l\u00f5i v\u1edbi s\u1ef1 h\u1ed7 tr\u1ee3 c\u01a1 b\u1ea3n, \u0111\u1ed3ng th\u1eddi th\u1eadn tr\u1ecdng v\u1edbi nguy c\u01a1 \u00e1p l\u1ef1c c\u01a1 c\u1ea5u \u0111\u1ed1i v\u1edbi c\u00e1c lo\u1ea1i ti\u1ec1n t\u1ec7 \u0111\u1eb7c bi\u1ec7t nh\u01b0 \u0111\u1ed3ng Y\u00ean Nh\u1eadt.<\/p>","protected":false},"excerpt":{"rendered":" Vi\u1ec7c l\u00e0m ADP y\u1ebfu c\u1ee7a Hoa K\u1ef3 trong th\u00e1ng 11 \u0111\u00e3 l\u00e0m t\u0103ng k\u1ef3 v\u1ecdng v\u1ec1 vi\u1ec7c c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t v\u00e0o th\u00e1ng 12 l\u00ean g\u1ea7n 90%, nh\u01b0ng nh\u1eefng b\u1ea5t \u0111\u1ed3ng trong n\u1ed9i b\u1ed9 Fed v\u1eabn t\u1ed3n t\u1ea1i. C\u00e1c lo\u1ea1i ti\u1ec1n t\u1ec7 c\u1ee7a th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i ch\u00e2u \u00c1 \u0111ang ph\u1ea3i \u0111\u1ed1i m\u1eb7t v\u1edbi th\u1eddi k\u1ef3 ph\u1ee5c h\u1ed3i, v\u1edbi \u0111\u1ed3ng Nh\u00e2n d\u00e2n t\u1ec7 v\u00e0 \u0111\u1ed3ng won H\u00e0n Qu\u1ed1c \u0111\u01b0\u1ee3c h\u01b0\u1edfng l\u1ee3i, trong khi \u0111\u1ed3ng rupee c\u1ee7a \u1ea4n \u0110\u1ed9 v\u00e0 peso c\u1ee7a Philippines \u0111ang ch\u1ecbu \u00e1p l\u1ef1c. \u0110\u1ed3ng Y\u00ean Nh\u1eadt v\u1eabn g\u1eb7p kh\u00f3 kh\u0103n do t\u00e1c \u0111\u1ed9ng h\u1ea1n ch\u1ebf t\u1eeb c\u00e1c ch\u00ednh s\u00e1ch c\u1ee7a Ng\u00e2n h\u00e0ng Trung \u01b0\u01a1ng Nh\u1eadt B\u1ea3n. Theo d\u00f5i \u0111\u1ed9 ph\u00e2n gi\u1ea3i v\u00e0 d\u1eef li\u1ec7u l\u1ea1m ph\u00e1t.<\/p>","protected":false},"author":1,"featured_media":7737,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[121],"tags":[262,263,264],"class_list":["post-7736","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-news","tag-adp","tag-263","tag-264"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/7736","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=7736"}],"version-history":[{"count":2,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/7736\/revisions"}],"predecessor-version":[{"id":7742,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/7736\/revisions\/7742"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/media\/7737"}],"wp:attachment":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/media?parent=7736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/categories?post=7736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/tags?post=7736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"IMG_256\"](\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/12\/img_256-2.png\")
<\/p>\n![\"\u5c40\u90e8\u622a\u53d6_20251204_150943\"](\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/12\/20251204_150943.png\")
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