{"id":8004,"date":"2025-12-17T09:20:12","date_gmt":"2025-12-17T01:20:12","guid":{"rendered":"https:\/\/www.kpai1.cn\/?p=8004"},"modified":"2025-12-17T09:20:17","modified_gmt":"2025-12-17T01:20:17","slug":"%e4%bf%a1%e6%81%af%e4%b8%8d%e5%af%b9%e7%a7%b0%e4%b8%8b%e7%9a%84%e4%ba%a4%e6%98%93%e5%9b%b0%e5%a2%83%e4%b8%8e%e7%90%86%e6%80%a7%e5%ba%94%e5%af%b9","status":"publish","type":"post","link":"https:\/\/www.kpai1.cn\/vi\/luu-tru\/8004","title":{"rendered":"T\u00ecnh hu\u1ed1ng kh\u00f3 x\u1eed trong giao d\u1ecbch v\u00e0 ph\u1ea3n \u1ee9ng h\u1ee3p l\u00fd d\u01b0\u1edbi s\u1ef1 b\u1ea5t c\u00e2n x\u1ee9ng th\u00f4ng tin"},"content":{"rendered":"

Th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh th\u01b0\u1eddng \u0111\u01b0\u1ee3c m\u00f4 t\u1ea3 l\u00e0 c\u01a1 ch\u1ebf ph\u00e2n b\u1ed5 ngu\u1ed3n l\u1ef1c hi\u1ec7u qu\u1ea3 v\u00e0 minh b\u1ea1ch, nh\u01b0ng logic v\u1eadn h\u00e0nh c\u01a1 b\u1ea3n c\u1ee7a ch\u00fang b\u1eaft ngu\u1ed3n s\u00e2u xa t\u1eeb th\u1ef1c t\u1ebf s\u1ef1 b\u1ea5t c\u00e2n x\u1ee9ng th\u00f4ng tin<\/strong> (Th\u00f4ng tin b\u1ea5t c\u00e2n x\u1ee9ng). Khi m\u1ed9t b\u00ean tham gia giao d\u1ecbch c\u00f3 th\u00f4ng tin nhi\u1ec1u h\u01a1n ho\u1eb7c ch\u00ednh x\u00e1c h\u01a1n b\u00ean kia, hi\u1ec7u qu\u1ea3 th\u1ecb tr\u01b0\u1eddng s\u1ebd b\u1ecb x\u00f3i m\u00f2n, th\u1eadm ch\u00ed d\u1eabn \u0111\u1ebfn hi\u1ec7n t\u01b0\u1ee3ng l\u1ef1a ch\u1ecdn b\u1ea5t l\u1ee3i (Adverse Selection) trong \u0111\u00f3 \u201cti\u1ec1n x\u1ea5u \u0111u\u1ed5i ti\u1ec1n t\u1ed1t\u201d. \u0110\u1ed1i v\u1edbi c\u00e1c nh\u00e0 kinh doanh b\u00e1n l\u1ebb, hi\u1ec3u \u0111\u01b0\u1ee3c v\u1ea5n \u0111\u1ec1 nan gi\u1ea3i v\u1ec1 c\u01a1 c\u1ea5u n\u00e0y l\u00e0 ch\u00eca kh\u00f3a \u0111\u1ec3 tr\u00e1nh tr\u1edf th\u00e0nh \u201cng\u01b0\u1eddi ch\u1ecbu tr\u00e1ch nhi\u1ec7m cu\u1ed1i c\u00f9ng c\u1ee7a chu\u1ed7i th\u00f4ng tin\u201d.<\/p>\n

1. Th\u00f4ng tin b\u1ea5t c\u00e2n x\u1ee9ng: tr\u1ea1ng th\u00e1i m\u1eb7c \u0111\u1ecbnh c\u1ee7a th\u1ecb tr\u01b0\u1eddng, kh\u00f4ng ph\u1ea3i ngo\u1ea1i l\u1ec7<\/p>\n

Trong m\u1ed9t th\u1ecb tr\u01b0\u1eddng c\u1ea1nh tranh ho\u00e0n h\u1ea3o l\u00fd t\u01b0\u1edfng, t\u1ea5t c\u1ea3 nh\u1eefng ng\u01b0\u1eddi tham gia \u0111\u1ec1u c\u00f3 th\u00f4ng tin nh\u01b0 nhau. Nh\u01b0ng tr\u00ean th\u1ef1c t\u1ebf, vi\u1ec7c ph\u00e2n ph\u1ed1i th\u00f4ng tin r\u1ea5t kh\u00f4ng \u0111\u1ed3ng \u0111\u1ec1u:<\/p>\n

Ng\u01b0\u1eddi n\u1ed9i b\u1ed9<\/strong> (Ng\u01b0\u1eddi n\u1ed9i b\u1ed9): gi\u00e1m \u0111\u1ed1c \u0111i\u1ec1u h\u00e0nh c\u00f4ng ty, nh\u00e0 ho\u1ea1ch \u0111\u1ecbnh ch\u00ednh s\u00e1ch, t\u1ed5 ch\u1ee9c l\u1edbn, n\u1eafm v\u1eefng d\u1eef li\u1ec7u ch\u01b0a \u0111\u01b0\u1ee3c ti\u1ebft l\u1ed9 ho\u1eb7c nh\u1eadn \u0111\u1ecbnh h\u01b0\u1edbng t\u1edbi t\u01b0\u01a1ng lai; C\u00e1c t\u1ed5 ch\u1ee9c trung gian chuy\u00ean nghi\u1ec7p<\/strong>: ng\u00e2n h\u00e0ng \u0111\u1ea7u t\u01b0, qu\u1ef9 ph\u00f2ng h\u1ed9, nh\u00e0 t\u1ea1o l\u1eadp th\u1ecb tr\u01b0\u1eddng, \u0111\u1ea1t \u0111\u01b0\u1ee3c l\u1ee3i th\u1ebf th\u00f4ng qua giao di\u1ec7n d\u1eef li\u1ec7u t\u1ea7n s\u1ed1 cao, m\u00f4 h\u00ecnh thu\u1eadt to\u00e1n v\u00e0 gi\u00e1m s\u00e1t xuy\u00ean th\u1ecb tr\u01b0\u1eddng; Nh\u00e0 \u0111\u1ea7u t\u01b0 b\u00e1n l\u1ebb b\u00ean ngo\u00e0i<\/strong>: d\u1ef1a v\u00e0o tin t\u1ee9c \u0111\u1ea1i ch\u00fang, m\u1ea1ng x\u00e3 h\u1ed9i ho\u1eb7c b\u00e1o gi\u00e1 ch\u1eadm \u1edf cu\u1ed1i chu\u1ed7i nh\u1eadn th\u00f4ng tin.<\/p>\n

S\u1ef1 ph\u00e2n t\u1ea7ng n\u00e0y kh\u00f4ng ph\u1ea3i l\u00e0 m\u1ed9t sai s\u00f3t v\u1ec1 m\u1eb7t \u0111\u1ea1o \u0111\u1ee9c m\u00e0 l\u00e0 h\u1eadu qu\u1ea3 t\u1ef1 nhi\u00ean c\u1ee7a s\u1ef1 ph\u00e2n c\u00f4ng lao \u0111\u1ed9ng trong h\u1ec7 th\u1ed1ng t\u00e0i ch\u00ednh hi\u1ec7n \u0111\u1ea1i. Tuy nhi\u00ean, \u0111i\u1ec1u \u0111\u00f3 c\u00f3 ngh\u0129a l\u00e0 s\u1ef1 thay \u0111\u1ed5i gi\u00e1 th\u01b0\u1eddng x\u1ea3y ra tr\u01b0\u1edbc khi nh\u1eadn th\u1ee9c c\u1ee7a c\u00f4ng ch\u00fang<\/strong>, v\u00e0 nh\u1eefng \u201cc\u01a1 h\u1ed9i\u201d m\u00e0 th\u01b0\u01a1ng nh\u00e2n b\u00e1n l\u1ebb nh\u00ecn th\u1ea5y th\u1ef1c ch\u1ea5t l\u00e0 k\u1ebft qu\u1ea3 c\u1ee7a vi\u1ec7c b\u1ed1 c\u1ee5c \u0111\u01b0\u1ee3c b\u00ean ho\u00e0n thi\u1ec7n v\u1edbi l\u1ee3i th\u1ebf v\u1ec1 th\u00f4ng tin.<\/p>\n

2. L\u1ef1a ch\u1ecdn b\u1ea5t l\u1ee3i: T\u1ea1i sao nh\u1eefng giao d\u1ecbch \u201cc\u00f3 v\u1ebb nh\u01b0 l\u00e0 m\u1ed9t giao d\u1ecbch t\u1ed1t\u201d th\u01b0\u1eddng nguy hi\u1ec3m nh\u1ea5t<\/p>\n

M\u00f4 h\u00ecnh \u201cch\u1ee3 chanh\u201d do George Akerlof, ng\u01b0\u1eddi \u0111o\u1ea1t gi\u1ea3i Nobel \u0111\u1ec1 xu\u1ea5t n\u0103m 1970, cho th\u1ea5y khi ng\u01b0\u1eddi b\u00e1n hi\u1ec3u r\u00f5 ch\u1ea5t l\u01b0\u1ee3ng h\u00e0ng h\u00f3a h\u01a1n ng\u01b0\u1eddi mua, h\u00e0ng h\u00f3a ch\u1ea5t l\u01b0\u1ee3ng cao s\u1ebd r\u00fat kh\u1ecfi th\u1ecb tr\u01b0\u1eddng v\u00ec kh\u00f4ng th\u1ec3 ch\u1ee9ng minh \u0111\u01b0\u1ee3c gi\u00e1 tr\u1ecb c\u1ee7a m\u00ecnh, v\u00e0 cu\u1ed1i c\u00f9ng ch\u1ec9 c\u00f2n h\u00e0ng k\u00e9m ch\u1ea5t l\u01b0\u1ee3ng (\u201cchanh\u201d) m\u1edbi \u0111\u01b0\u1ee3c l\u01b0u th\u00f4ng.<\/p>\n

Logic n\u00e0y c\u0169ng \u0111\u00fang trong th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh. V\u00ed d\u1ee5:<\/p>\n

Trong c\u00e1c h\u1ee3p \u0111\u1ed3ng OTC c\u00f3 t\u00ednh thanh kho\u1ea3n y\u1ebfu, b\u00ean c\u00f3 b\u00e1o gi\u00e1 c\u00f3 v\u1ebb thu\u1eadn l\u1ee3i th\u01b0\u1eddng l\u00e0 nh\u00e0 t\u1ea1o l\u1eadp th\u1ecb tr\u01b0\u1eddng c\u00f3 t\u00ecnh h\u00ecnh thanh kho\u1ea3n th\u1ef1c s\u1ef1; \"chi\u1ebfn l\u01b0\u1ee3c t\u1ef7 l\u1ec7 chi\u1ebfn th\u1eafng cao\" tr\u00ean m\u1ea1ng x\u00e3 h\u1ed9i thu h\u00fat c\u00e1c \u0111\u01a1n \u0111\u1eb7t h\u00e0ng sao ch\u00e9p, nh\u01b0ng nh\u00e0 xu\u1ea5t b\u1ea3n c\u00f3 th\u1ec3 \u0111\u00e3 m\u1edf m\u1ed9t v\u1ecb tr\u00ed tr\u01b0\u1edbc v\u00e0 s\u1eed d\u1ee5ng lu\u1ed3ng sao ch\u00e9p \u0111\u1ec3 \u0111\u1ea3o ng\u01b0\u1ee3c v\u1ecb tr\u00ed nh\u1eb1m ki\u1ebfm l\u1ee3i nhu\u1eadn; Ng\u01b0\u1eddi d\u00f9ng b\u00e1n l\u1ebb ch\u1ecdn m\u1ed9t n\u1ec1n t\u1ea3ng v\u00ec h\u1ecd th\u1ea5y \"ch\u00eanh l\u1ec7ch th\u1ea5p\", nh\u01b0ng kh\u00f4ng bi\u1ebft r\u1eb1ng c\u00f3 c\u01a1 ch\u1ebf b\u00e1n ho\u1eb7c \u0111\u1eb7t c\u01b0\u1ee3c theo d\u00f2ng l\u1ec7nh \u0111\u1eb1ng sau n\u00f3.<\/p>\n

T\u1ea1i th\u1eddi \u0111i\u1ec3m n\u00e0y, t\u00edn hi\u1ec7u \u201cchi ph\u00ed th\u1ea5p\u201d ho\u1eb7c \u201chi\u1ec7u su\u1ea5t cao\u201d b\u1ec1 m\u1eb7t tr\u1edf th\u00e0nh m\u1ed3i nh\u1eed cho s\u1ef1 l\u1ef1a ch\u1ecdn b\u1ea5t l\u1ee3i<\/strong>.<\/p>\n

\"\u7ebf\u4e0a\u6e38\u620f\u5e73\u53f0\u3001\u5a31\u4e50\u573a\u4e0e\u535a\u5f69\u4e1a\u52a1\uff0c\u7eff\u8272\u80cc\u666f\"<\/p>\n

3. C\u01a1 ch\u1ebf b\u00e1o hi\u1ec7u v\u00e0 s\u00e0ng l\u1ecdc: Th\u1ecb tr\u01b0\u1eddng c\u00f3 th\u1ec3 s\u1eeda ch\u1eefa m\u1ed9t ph\u1ea7n th\u1ea5t b\u1ea1i nh\u01b0 th\u1ebf n\u00e0o<\/p>\n

B\u1ea5t ch\u1ea5p t\u00ecnh tr\u1ea1ng b\u1ea5t c\u00e2n x\u1ee9ng th\u00f4ng tin lan r\u1ed9ng, th\u1ecb tr\u01b0\u1eddng \u0111\u00e3 ph\u00e1t tri\u1ec3n m\u1ed9t s\u1ed1 c\u01a1 ch\u1ebf gi\u1ea3m thi\u1ec3u:<\/p>\n

T\u00edn hi\u1ec7u<\/strong> (T\u00edn hi\u1ec7u): C\u00e1c t\u1ed5 ch\u1ee9c ch\u1ea5t l\u01b0\u1ee3ng cao ch\u1ee7 \u0111\u1ed9ng ch\u1ee9ng minh \u0111\u1ed9 tin c\u1eady th\u00f4ng qua ki\u1ec3m to\u00e1n c\u1ee7a b\u00ean th\u1ee9 ba, b\u00e1o c\u00e1o th\u1ef1c hi\u1ec7n minh b\u1ea1ch, ti\u1ebft l\u1ed9 hi\u1ec7u su\u1ea5t d\u00e0i h\u1ea1n, v.v.; C\u01a1 ch\u1ebf s\u00e0ng l\u1ecdc<\/strong> (S\u00e0ng l\u1ecdc): C\u00e1c y\u00eau c\u1ea7u quy \u0111\u1ecbnh b\u1eaft bu\u1ed9c ph\u1ea3i ti\u1ebft l\u1ed9 r\u1ee7i ro, gi\u1edbi h\u1ea1n \u0111\u00f2n b\u1ea9y, t\u00e1ch bi\u1ec7t qu\u1ef9, v.v. \u0111\u1ec3 gi\u00fap ng\u01b0\u1eddi d\u00f9ng x\u00e1c \u0111\u1ecbnh c\u00e1c nh\u00e0 cung c\u1ea5p d\u1ecbch v\u1ee5 ch\u1ea5t l\u01b0\u1ee3ng th\u1ea5p; V\u1ed1n danh ti\u1ebfng<\/strong>: Do h\u1ea1n ch\u1ebf v\u1ec1 danh ti\u1ebfng, c\u00e1c n\u1ec1n t\u1ea3ng ho\u1ea1t \u0111\u1ed9ng l\u00e2u d\u00e0i c\u00f3 xu h\u01b0\u1edbng duy tr\u00ec s\u1ef1 c\u00f4ng b\u1eb1ng \u0111\u1ec3 duy tr\u00ec vi\u1ec7c gi\u1eef ch\u00e2n kh\u00e1ch h\u00e0ng.<\/p>\n

Tuy nhi\u00ean, hi\u1ec7u qu\u1ea3 c\u1ee7a c\u00e1c c\u01a1 ch\u1ebf n\u00e0y ph\u1ee5 thu\u1ed9c v\u00e0o vi\u1ec7c ng\u01b0\u1eddi d\u00f9ng c\u00f3 ki\u1ebfn th\u1ee9c t\u00e0i ch\u00ednh c\u01a1 b\u1ea3n v\u00e0 t\u01b0 duy ph\u1ea3n bi\u1ec7n<\/strong>. N\u1ebfu b\u1ea1n ch\u1ec9 t\u1eadp trung v\u00e0o m\u1ed9t ch\u1ec9 b\u00e1o duy nh\u1ea5t nh\u01b0 l\u00e3i su\u1ea5t ho\u1eb7c ch\u00eanh l\u1ec7ch gi\u00e1, b\u1ea1n v\u1eabn c\u00f3 th\u1ec3 r\u01a1i v\u00e0o b\u1eaby \"t\u00edn hi\u1ec7u sai\".<\/p>\n

4. \u0110\u1ecbnh v\u1ecb h\u1ee3p l\u00fd c\u1ee7a th\u01b0\u01a1ng nh\u00e2n b\u00e1n l\u1ebb: t\u1eeb \u201cb\u1ea5t l\u1ee3i v\u1ec1 th\u00f4ng tin\u201d \u0111\u1ebfn \u201cl\u1ee3i th\u1ebf v\u1ec1 h\u00e0nh vi\u201d<\/p>\n

\u0110\u1ed1i m\u1eb7t v\u1edbi nh\u1eefng b\u1ea5t l\u1ee3i v\u1ec1 th\u00f4ng tin mang t\u00ednh c\u1ea5u tr\u00fac, ng\u01b0\u1eddi d\u00f9ng b\u00e1n l\u1ebb kh\u00f3 c\u00f3 th\u1ec3 c\u1ea1nh tranh \u0111\u1ec3 c\u00f3 c\u01a1 h\u1ed9i th\u00f4ng tin, nh\u01b0ng h\u1ecd c\u00f3 th\u1ec3 chuy\u1ec3n sang x\u00e2y d\u1ef1ng l\u1ee3i th\u1ebf \u1edf c\u1ea5p \u0111\u1ed9 h\u00e0nh vi<\/strong>:<\/p>\n

Ch\u1ea5p nh\u1eadn th\u1ef1c t\u1ebf c\u1ee7a \"nh\u1eadn th\u1ee9c mu\u1ed9n m\u00e0ng\"<\/strong>: \u0110\u1eebng c\u1ed1 n\u1eafm b\u1eaft nh\u1eefng bi\u1ebfn \u0111\u1ed9ng ban \u0111\u1ea7u m\u00e0 h\u00e3y ch\u1edd x\u00e1c nh\u1eadn gi\u00e1 tr\u01b0\u1edbc khi tham gia; H\u00e3y c\u1ea3nh gi\u00e1c v\u1edbi c\u00e2u chuy\u1ec7n \"b\u1eefa tr\u01b0a mi\u1ec5n ph\u00ed\"<\/strong>: V\u1eabn nghi ng\u1edd m\u1ed9t c\u00e1ch t\u1ef1 nhi\u00ean v\u1ec1 m\u1ee9c ch\u00eanh l\u1ec7ch th\u1ea5p b\u1ea5t th\u01b0\u1eddng, \u0111\u00f2n b\u1ea9y cao v\u00e0 chi\u1ebfn l\u01b0\u1ee3c l\u1ee3i nhu\u1eadn \u0111\u01b0\u1ee3c \u0111\u1ea3m b\u1ea3o; Ch\u00fa tr\u1ecdng \u0111\u1ebfn ni\u1ec1m tin c\u1ee7a t\u1ed5 ch\u1ee9c<\/strong>: \u01afu ti\u00ean c\u00e1c n\u1ec1n t\u1ea3ng ch\u1ecbu s\u1ef1 gi\u00e1m s\u00e1t ch\u1eb7t ch\u1ebd, c\u00e1ch ly v\u1ed1n v\u00e0 th\u1ef1c thi minh b\u1ea1ch \u0111\u1ec3 gi\u1ea3m nguy c\u01a1 l\u1ef1a ch\u1ecdn b\u1ea5t l\u1ee3i; Ki\u1ec3m so\u00e1t quy m\u00f4 r\u1ee7i ro<\/strong>: Trong m\u00f4i tr\u01b0\u1eddng c\u00f3 \u0111\u1ed9 kh\u00f4ng ch\u1eafc ch\u1eafn cao v\u1ec1 th\u00f4ng tin, c\u00e1c v\u1ecb th\u1ebf nh\u1ecf l\u00e0 bi\u1ec7n ph\u00e1p ki\u1ec3m so\u00e1t r\u1ee7i ro l\u1edbn nh\u1ea5t.<\/p>\n

Nh\u01b0 ng\u01b0\u1eddi \u0111o\u1ea1t gi\u1ea3i Nobel Joseph Stiglitz \u0111\u00e3 n\u00f3i: \u201cS\u1ef1 b\u1ea5t c\u00e2n x\u1ee9ng th\u00f4ng tin kh\u00f4ng ph\u1ea3i l\u00e0 d\u1ea5u ch\u1ea5m h\u1ebft cho s\u1ef1 th\u1ea5t b\u1ea1i c\u1ee7a th\u1ecb tr\u01b0\u1eddng m\u00e0 l\u00e0 \u0111i\u1ec3m kh\u1edfi \u0111\u1ea7u c\u1ee7a vi\u1ec7c thi\u1ebft k\u1ebf c\u00e1c h\u1ec7 th\u1ed1ng t\u1ed1t h\u01a1n\u201d. \u0110\u1ed1i v\u1edbi c\u00e1c c\u00e1 nh\u00e2n, b\u1ea3n th\u00e2n nh\u1eadn th\u1ee9c r\u00f5 r\u00e0ng \u0111\u00e3 l\u00e0 m\u1ed9t l\u1ee3i th\u1ebf c\u1ea1nh tranh<\/strong>.<\/p>\n

K\u1ebft lu\u1eadn: Th\u1eadn tr\u1ecdng trong m\u1ed9t th\u1ebf gi\u1edbi b\u1ea5t c\u00e2n x\u1ee9ng<\/p>\n

Th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh ch\u01b0a bao gi\u1edd l\u00e0 m\u1ed9t \u0111\u1ea5u tr\u01b0\u1eddng th\u00f4ng tin b\u00ecnh \u0111\u1eb3ng m\u00e0 l\u00e0 m\u1ed9t h\u1ec7 th\u1ed1ng ph\u1ee9c t\u1ea1p v\u1edbi nhi\u1ec1u c\u1ea5p \u0111\u1ed9 v\u00e0 \u0111\u1ed9ng c\u01a1. Wmax lu\u00f4n \u1ee7ng h\u1ed9: Hi\u1ec3u bi\u1ebft t\u00e0i ch\u00ednh th\u1ef1c s\u1ef1 kh\u00f4ng n\u1eb1m \u1edf vi\u1ec7c n\u1eafm v\u1eefng nhi\u1ec1u k\u1ef9 n\u0103ng m\u00e0 \u1edf vi\u1ec7c hi\u1ec3u r\u00f5 v\u1ecb tr\u00ed c\u1ee7a b\u1ea1n v\u00e0 \u0111\u1eb7t ra nh\u1eefng k\u1ef3 v\u1ecdng c\u0169ng nh\u01b0 ranh gi\u1edbi h\u1ee3p l\u00fd cho ph\u00f9 h\u1ee3p<\/strong>. Ch\u1ec9 b\u1eb1ng c\u00e1ch n\u00e0y, c\u00e1c nh\u00e0 kinh doanh b\u00e1n l\u1ebb m\u1edbi c\u00f3 th\u1ec3 tham gia l\u00e2u d\u00e0i v\u00e0 b\u1ec1n v\u1eefng v\u00e0o th\u1ef1c t\u1ebf b\u1ea5t c\u00e2n x\u1ee9ng th\u00f4ng tin.<\/p>","protected":false},"excerpt":{"rendered":"

Logic c\u01a1 b\u1ea3n c\u1ee7a th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh l\u00e0 s\u1ef1 b\u1ea5t c\u00e2n x\u1ee9ng th\u00f4ng tin, \u0111i\u1ec1u n\u00e0y c\u00f3 th\u1ec3 d\u1ec5 d\u00e0ng d\u1eabn \u0111\u1ebfn l\u1ef1a ch\u1ecdn b\u1ea5t l\u1ee3i. B\u00e0i vi\u1ebft n\u00e0y ph\u00e2n t\u00edch s\u1ef1 ph\u00e2n t\u1ea7ng th\u00f4ng tin, hi\u1ec7n t\u01b0\u1ee3ng ti\u1ec1n x\u1ea5u sinh ra ti\u1ec1n t\u1ed1t v\u00e0 c\u01a1 ch\u1ebf truy\u1ec1n t\u00edn hi\u1ec7u. C\u00e1c nh\u00e0 giao d\u1ecbch b\u00e1n l\u1ebb n\u00ean ch\u1ea5p nh\u1eadn nh\u1eefng b\u1ea5t l\u1ee3i v\u1ec1 th\u00f4ng tin, thi\u1ebft l\u1eadp c\u00e1c l\u1ee3i th\u1ebf v\u1ec1 h\u00e0nh vi, l\u1ef1a ch\u1ecdn n\u1ec1n t\u1ea3ng m\u1ed9t c\u00e1ch c\u1ea9n th\u1eadn v\u00e0 ki\u1ec3m so\u00e1t quy m\u00f4 r\u1ee7i ro giao d\u1ecbch.<\/p>","protected":false},"author":1,"featured_media":8005,"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":[122],"tags":[334,333,332],"class_list":["post-8004","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tutorial","tag-334","tag-333","tag-332"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/8004","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=8004"}],"version-history":[{"count":1,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/8004\/revisions"}],"predecessor-version":[{"id":8007,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/8004\/revisions\/8007"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/media\/8005"}],"wp:attachment":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/media?parent=8004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/categories?post=8004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/tags?post=8004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}