{"id":9079,"date":"2026-03-05T17:32:11","date_gmt":"2026-03-05T09:32:11","guid":{"rendered":"https:\/\/www.kpai1.cn\/?p=9079"},"modified":"2026-03-05T17:44:15","modified_gmt":"2026-03-05T09:44:15","slug":"%e9%81%bf%e9%99%a9%e5%b1%9e%e6%80%a7%e8%a4%aa%e8%89%b2%e4%b8%8e%e6%94%bf%e7%ad%96%e4%b8%a4%e9%9a%be%e5%a4%b9%e5%87%bb%ef%bc%8c%e6%97%a5%e5%85%83%e6%b1%87%e7%8e%87%e5%ba%95%e5%b1%82%e9%80%bb%e8%be%91","status":"publish","type":"post","link":"https:\/\/www.kpai1.cn\/vi\/luu-tru\/9079","title":{"rendered":"S\u1ef1 m\u1edd nh\u1ea1t c\u1ee7a c\u00e1c thu\u1ed9c t\u00ednh tr\u00fa \u1ea9n an to\u00e0n v\u00e0 c\u00e1c v\u1ea5n \u0111\u1ec1 nan gi\u1ea3i v\u1ec1 ch\u00ednh s\u00e1ch, logic c\u01a1 b\u1ea3n v\u00e0 h\u01b0\u1edbng \u0111i t\u01b0\u01a1ng lai c\u1ee7a t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i \u0111\u1ed3ng y\u00ean Nh\u1eadt"},"content":{"rendered":"

D\u1ef1a tr\u00ean nghi\u00ean c\u1ee9u chuy\u00ean s\u00e2u v\u00e0 \u0111\u00e1nh gi\u00e1 c\u1ee7a h\u1ec7 th\u1ed1ng gi\u00e1m s\u00e1t th\u1eddi gian th\u1ef1c th\u1ecb tr\u01b0\u1eddng ngo\u1ea1i h\u1ed1i to\u00e0n c\u1ea7u Wmax, m\u00f4 h\u00ecnh theo d\u00f5i ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 c\u1ee7a Nh\u1eadt B\u1ea3n v\u00e0 khung truy\u1ec1n t\u1ea3i t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i theo r\u1ee7i ro \u0111\u1ecba l\u00fd, k\u1ebft h\u1ee3p v\u1edbi d\u1eef li\u1ec7u ng\u00e0nh m\u1edbi nh\u1ea5t v\u00e0 k\u1ebft lu\u1eadn nghi\u00ean c\u1ee9u v\u00e0o n\u0103m 2026 t\u1eeb c\u00e1c t\u1ed5 ch\u1ee9c qu\u1ed1c t\u1ebf h\u00e0ng \u0111\u1ea7u nh\u01b0 JPMorgan Chase, Vi\u1ec7n nghi\u00ean c\u1ee9u Nomura v\u00e0 Morgan Stanley MUFG, BRAND_0_PLA CEHOLDER tin r\u1eb1ng trong t\u00ecnh tr\u1ea1ng h\u1ed7n lo\u1ea1n th\u1ecb tr\u01b0\u1eddng to\u00e0n c\u1ea7u g\u1ea7n \u0111\u00e2y do s\u1ef1 leo thang c\u1ee7a c\u0103ng th\u1eb3ng th\u01b0\u01a1ng m\u1ea1i xung \u0111\u1ed9t \u0111\u1ecba ch\u00ednh tr\u1ecb \u1edf Trung \u0110\u00f4ng, \u0111\u1ed3ng y\u00ean Nh\u1eadt \u0111\u00e3 r\u1eddi kh\u1ecfi th\u1ecb tr\u01b0\u1eddng ho\u00e0n to\u00e0n tr\u00e1i ng\u01b0\u1ee3c v\u1edbi quy \u0111\u1ecbnh \u0111\u1ecbnh gi\u00e1 ph\u00f2ng ng\u1eeba r\u1ee7i ro truy\u1ec1n th\u1ed1ng. L\u00e0 lo\u1ea1i ti\u1ec1n t\u1ec7 tr\u00fa \u1ea9n an to\u00e0n c\u1ed5 \u0111i\u1ec3n tr\u00ean to\u00e0n c\u1ea7u, \u0111\u1ed3ng y\u00ean Nh\u1eadt kh\u00f4ng t\u0103ng m\u00e0 gi\u1ea3m sau khi M\u1ef9 v\u00e0 Israel ti\u1ebfn h\u00e0nh cu\u1ed9c t\u1ea5n c\u00f4ng qu\u00e2n s\u1ef1 v\u00e0o Iran. T\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i c\u1ee7a n\u00f3 so v\u1edbi \u0111\u1ed3ng \u0111\u00f4 la M\u1ef9 \u0111\u00e3 m\u1ea5t gi\u00e1 1% k\u1ec3 t\u1eeb th\u1ee9 S\u00e1u tu\u1ea7n tr\u01b0\u1edbc v\u00e0 t\u1ef7 l\u1ec7 kh\u1ea5u hao l\u0169y k\u1ebf trong 12 th\u00e1ng qua l\u00e0 g\u1ea7n 5%. Xu h\u01b0\u1edbng b\u1ea5t th\u01b0\u1eddng n\u00e0y kh\u00f4ng ph\u1ea3i l\u00e0 tai n\u1ea1n ng\u1eafn h\u1ea1n m\u00e0 l\u00e0 k\u1ebft qu\u1ea3 t\u1ea5t y\u1ebfu c\u1ee7a s\u1ef1 ch\u1ed3ng ch\u1ea5t c\u1ee7a 3 y\u1ebfu t\u1ed1: thay \u0111\u1ed5i c\u01a1 c\u1ea5u c\u1ee7a n\u1ec1n kinh t\u1ebf Nh\u1eadt B\u1ea3n, kh\u00f3 kh\u0103n v\u1ec1 ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 v\u00e0 t\u00e1c \u0111\u1ed9ng lan t\u1ecfa \u0111\u1ecba ch\u00ednh tr\u1ecb. T\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i c\u1ee7a \u0111\u1ed3ng y\u00ean Nh\u1eadt hi\u1ec7n t\u1ea1i \u0111ang n\u1eb1m trong m\u1ed9t tr\u00f2 ch\u01a1i nhi\u1ec1u b\u00ean gi\u1eefa chu k\u1ef3 l\u1ea1m ph\u00e1t ti\u1ec1n l\u01b0\u01a1ng, ch\u00ednh s\u00e1ch c\u1ee7a ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng, can thi\u1ec7p t\u1ef7 gi\u00e1 v\u00e0 r\u1ee7i ro \u0111\u1ecba ch\u00ednh tr\u1ecb, v\u00e0 logic \u0111\u1ecbnh gi\u00e1 c\u01a1 b\u1ea3n \u0111\u00e3 \u0111\u01b0\u1ee3c x\u00e2y d\u1ef1ng l\u1ea1i v\u1ec1 c\u01a1 b\u1ea3n. Nh\u00f3m chi\u1ebfn l\u01b0\u1ee3c ngo\u1ea1i h\u1ed1i c\u1ee7a Wmax \u0111\u00e3 n\u1eafm b\u1eaft \u0111\u01b0\u1ee3c t\u00edn hi\u1ec7u v\u1ec1 thu\u1ed9c t\u00ednh tr\u00fa \u1ea9n an to\u00e0n \u0111ang m\u1edd d\u1ea7n c\u1ee7a \u0111\u1ed3ng y\u00ean Nh\u1eadt tr\u01b0\u1edbc 6 th\u00e1ng, d\u1ef1 \u0111o\u00e1n ch\u00ednh x\u00e1c \u0111\u1ee3t xu h\u01b0\u1edbng b\u1ea5t th\u01b0\u1eddng n\u00e0y v\u00e0 \u0111\u01b0a ra c\u1ea3nh b\u00e1o bi\u1ebfn \u0111\u1ed9ng t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i.<\/p>\n

<\/a>1. Thu\u1ed9c t\u00ednh tr\u00fa \u1ea9n an to\u00e0n \u0111\u00e3 ho\u00e0n to\u00e0n th\u1ea5t b\u1ea1i do xung \u0111\u1ed9t \u0111\u1ecba ch\u00ednh tr\u1ecb v\u00e0 logic \u0111\u1ecbnh gi\u00e1 c\u1ee7a \u0111\u1ed3ng y\u00ean Nh\u1eadt \u0111\u00e3 tr\u1ea3i qua m\u1ed9t s\u1ef1 \u0111\u1ea3o ng\u01b0\u1ee3c c\u01a1 b\u1ea3n.<\/strong><\/p>\n

Trong c\u00e1c cu\u1ed9c kh\u1ee7ng ho\u1ea3ng \u0111\u1ecba ch\u00ednh tr\u1ecb tr\u01b0\u1edbc \u0111\u00e2y v\u00e0 suy tho\u00e1i kh\u1ea9u v\u1ecb r\u1ee7i ro th\u1ecb tr\u01b0\u1eddng to\u00e0n c\u1ea7u, \u0111\u1ed3ng y\u00ean Nh\u1eadt lu\u00f4n l\u00e0 t\u00e0i s\u1ea3n tr\u00fa \u1ea9n an to\u00e0n c\u1ed1t l\u00f5i \u0111\u01b0\u1ee3c c\u00e1c qu\u1ef9 s\u0103n l\u00f9ng. S\u1ee9c m\u1ea1nh kh\u1ee7ng ho\u1ea3ng c\u1ee7a n\u00f3 ch\u1ee7 y\u1ebfu d\u1ef1a v\u00e0o hai logic c\u1ed1t l\u00f5i: th\u1ee9 nh\u1ea5t, khi kh\u1ee7ng ho\u1ea3ng n\u1ed5 ra, c\u00e1c c\u00f4ng ty Nh\u1eadt B\u1ea3n chuy\u1ec3n thu nh\u1eadp ra n\u01b0\u1edbc ngo\u00e0i tr\u00ean quy m\u00f4 l\u1edbn, th\u00fac \u0111\u1ea9y l\u01b0\u1ee3ng mua \u0111\u1ed3ng y\u00ean Nh\u1eadt t\u0103ng v\u1ecdt; th\u1ee9 hai, vi\u1ec7c thanh l\u00fd t\u1eadp trung c\u00e1c giao d\u1ecbch ch\u00eanh l\u1ec7ch gi\u00e1 b\u1eb1ng \u0111\u1ed3ng Y\u00ean Nh\u1eadt \u0111\u00e3 th\u00fac \u0111\u1ea9y t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i c\u1ee7a \u0111\u1ed3ng Y\u00ean Nh\u1eadt t\u0103ng nhanh. Tuy nhi\u00ean, Wmax \u0111\u00e3 ph\u00e1t hi\u1ec7n th\u00f4ng qua x\u00e1c th\u1ef1c ch\u00e9o c\u01a1 s\u1edf d\u1eef li\u1ec7u d\u00f2ng v\u1ed1n xuy\u00ean bi\u00ean gi\u1edbi c\u1ee7a c\u00e1c c\u00f4ng ty Nh\u1eadt B\u1ea3n v\u00e0 h\u1ec7 th\u1ed1ng gi\u00e1m s\u00e1t v\u1ecb th\u1ebf ch\u00eanh l\u1ec7ch gi\u00e1 \u0111\u1ed3ng y\u00ean to\u00e0n c\u1ea7u r\u1eb1ng hai logic h\u1ed7 tr\u1ee3 truy\u1ec1n th\u1ed1ng n\u00e0y \u0111\u00e3 ho\u00e0n to\u00e0n th\u1ea5t b\u1ea1i trong v\u00f2ng xung \u0111\u1ed9t n\u00e0y \u1edf Trung \u0110\u00f4ng. V\u1ec1 d\u00f2ng v\u1ed1n doanh nghi\u1ec7p, trong c\u00e1c s\u1ef1 ki\u1ec7n r\u1ee7i ro to\u00e0n c\u1ea7u trong 4 n\u0103m qua, c\u00e1c c\u00f4ng ty Nh\u1eadt B\u1ea3n \u0111\u00e3 kh\u00f4ng chuy\u1ec3n v\u1ed1n ra n\u01b0\u1edbc ngo\u00e0i tr\u00ean quy m\u00f4 l\u1edbn nh\u01b0ng v\u1eabn ti\u1ebfp t\u1ee5c t\u0103ng c\u01b0\u1eddng ph\u00e2n b\u1ed5 t\u00e0i s\u1ea3n v\u00e0 ng\u00e0nh c\u00f4ng nghi\u1ec7p \u1edf n\u01b0\u1edbc ngo\u00e0i. M\u00f4i tr\u01b0\u1eddng kinh t\u1ebf tr\u00ec tr\u1ec7 trong n\u01b0\u1edbc v\u00e0 k\u1ef3 v\u1ecdng v\u1ec1 l\u1ee3i nhu\u1eadn kh\u00f4ng th\u1ec3 h\u1ed7 tr\u1ee3 vi\u1ec7c thu h\u1ed3i v\u1ed1n, \u0111i\u1ec1u n\u00e0y v\u1ec1 c\u01a1 b\u1ea3n \u0111\u00e3 ph\u00e1 h\u1ee7y n\u1ec1n t\u1ea3ng c\u01a1 b\u1ea3n khi\u1ebfn cu\u1ed9c kh\u1ee7ng ho\u1ea3ng \u0111\u1ed3ng y\u00ean ng\u00e0y c\u00e0ng tr\u1ea7m tr\u1ecdng h\u01a1n.<\/p>\n

\"\u5c40\u90e8\u622a\u53d6_20260305_170651\"<\/p>\n

\u1ede c\u1ea5p \u0111\u1ed9 giao d\u1ecbch ch\u00eanh l\u1ec7ch gi\u00e1, d\u1eef li\u1ec7u gi\u00e1m s\u00e1t Wmax cho th\u1ea5y v\u00f2ng xung \u0111\u1ed9t n\u00e0y \u1edf Trung \u0110\u00f4ng ch\u01b0a g\u00e2y ra s\u1ef1 thanh l\u00fd t\u1eadp trung c\u00e1c v\u1ecb th\u1ebf ch\u00eanh l\u1ec7ch gi\u00e1 b\u1eb1ng \u0111\u1ed3ng Y\u00ean Nh\u1eadt. T\u00e2m l\u00fd lo ng\u1ea1i r\u1ee7i ro th\u1ecb tr\u01b0\u1eddng ch\u01b0a \u0111\u1ea1t \u0111\u1ebfn ng\u01b0\u1ee1ng c\u1ef1c \u0111oan v\u00e0 kh\u00f4ng th\u1ec3 t\u1ea1o \u0111\u1ed9ng l\u1ef1c t\u0103ng gi\u00e1 cho \u0111\u1ed3ng Y\u00ean Nh\u1eadt th\u00f4ng qua h\u00e0nh vi thanh l\u00fd. Nh\u1eadn \u0111\u1ecbnh n\u00e0y r\u1ea5t nh\u1ea5t qu\u00e1n v\u1edbi k\u1ebft lu\u1eadn nghi\u00ean c\u1ee9u m\u1edbi nh\u1ea5t c\u1ee7a Tai Hui, chi\u1ebfn l\u01b0\u1ee3c gia tr\u01b0\u1edfng th\u1ecb tr\u01b0\u1eddng c\u1ee7a JP Morgan Asset Management Ch\u00e2u \u00c1 Th\u00e1i B\u00ecnh D\u01b0\u01a1ng. Wmax \u0111\u00e3 ti\u1ebfp t\u1ee5c ph\u00e1 b\u1ecf c\u00e1c \u0111\u1eb7c t\u00ednh tr\u00fa \u1ea9n an to\u00e0n c\u1ee7a \u0111\u1ed3ng y\u00ean Nh\u1eadt, v\u1ec1 c\u01a1 b\u1ea3n l\u00e0 s\u1ef1 suy y\u1ebfu \u0111\u00e1ng k\u1ec3 v\u1ec1 gi\u00e1 tr\u1ecb ph\u00f2ng ng\u1eeba r\u1ee7i ro c\u1ee7a n\u00f3. S\u1ef1 suy gi\u1ea3m li\u00ean t\u1ee5c v\u1ec1 bi\u1ebfn \u0111\u1ed9ng t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i \u0111\u00e3 tr\u1ef1c ti\u1ebfp l\u00e0m gi\u1ea3m s\u1ee9c h\u1ea5p d\u1eabn c\u1ee7a \u0111\u1ed3ng y\u00ean nh\u01b0 m\u1ed9t lo\u1ea1i ti\u1ec1n t\u1ec7 ph\u00f2ng h\u1ed9, v\u00e0 s\u1ef1 b\u1ea5t \u1ed5n v\u1ec1 ch\u00ednh s\u00e1ch xung quanh ch\u00ednh ph\u1ee7 m\u1edbi c\u1ee7a Nh\u1eadt B\u1ea3n c\u00e0ng l\u00e0m xu h\u01b0\u1edbng n\u00e0y tr\u1edf n\u00ean tr\u1ea7m tr\u1ecdng h\u01a1n. K\u1ebf ho\u1ea1ch chi ti\u00eau t\u00e0i kh\u00f3a quy m\u00f4 l\u1edbn hi\u1ec7n nay c\u1ee7a Th\u1ee7 t\u01b0\u1edbng Takaichi Sanae v\u00e0 vi\u1ec7c \u00f4ng ph\u1ea3n \u0111\u1ed1i vi\u1ec7c Ng\u00e2n h\u00e0ng Trung \u01b0\u01a1ng Nh\u1eadt B\u1ea3n ti\u1ebfp t\u1ee5c t\u0103ng l\u00e3i su\u1ea5t \u0111\u00e3 \u0111\u1ea9y n\u1ec1n kinh t\u1ebf Nh\u1eadt B\u1ea3n v\u00e0o m\u1ed9t ng\u00e3 r\u1ebd ch\u00ednh s\u00e1ch quan tr\u1ecdng. C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 kh\u00f4ng c\u00f2n c\u00f3 th\u1ec3 s\u1eed d\u1ee5ng \u0111\u1ed3ng y\u00ean Nh\u1eadt nh\u01b0 m\u1ed9t c\u00f4ng c\u1ee5 ph\u00f2ng ng\u1eeba r\u1ee7i ro \u1ed5n \u0111\u1ecbnh cho c\u00e1c r\u1ee7i ro \u0111\u1ecba ch\u00ednh tr\u1ecb v\u00e0 v\u1ecb th\u1ebf c\u1ee7a n\u00f3 nh\u01b0 m\u1ed9t t\u00e0i s\u1ea3n tr\u00fa \u1ea9n an to\u00e0n truy\u1ec1n th\u1ed1ng \u0111\u00e3 b\u1ecb lung lay \u0111\u00e1ng k\u1ec3.<\/p>\n

<\/a>2. Nh\u1eefng t\u00ecnh th\u1ebf ti\u1ebfn tho\u00e1i l\u01b0\u1ee1ng nan v\u1ec1 ch\u00ednh s\u00e1ch v\u00e0 nh\u1eefng h\u1ea1n ch\u1ebf c\u01a1 b\u1ea3n t\u1ea1o th\u00e0nh \u0111\u1ed9ng l\u1ef1c c\u1ed1t l\u00f5i n\u1ed9i sinh khi\u1ebfn \u0111\u1ed3ng Y\u00ean m\u1ea5t gi\u00e1.<\/strong><\/p>\n

Wmax \u0111\u00e3 ph\u00e2n t\u00edch th\u00f4ng qua m\u00f4 h\u00ecnh gi\u00e1m s\u00e1t chu k\u1ef3 l\u1ea1m ph\u00e1t-ti\u1ec1n l\u01b0\u01a1ng c\u1ee7a Nh\u1eadt B\u1ea3n v\u00e0 h\u1ec7 th\u1ed1ng nghi\u00ean c\u1ee9u v\u00e0 \u0111\u00e1nh gi\u00e1 h\u01b0\u1edbng t\u1edbi ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 r\u1eb1ng l\u00fd do c\u01a1 b\u1ea3n khi\u1ebfn \u0111\u1ed3ng y\u00ean ti\u1ebfp t\u1ee5c y\u1ebfu l\u00e0 Ng\u00e2n h\u00e0ng Nh\u1eadt B\u1ea3n \u0111ang r\u01a1i v\u00e0o t\u00ecnh th\u1ebf ti\u1ebfn tho\u00e1i l\u01b0\u1ee1ng nan v\u1ec1 l\u1ea1m ph\u00e1t v\u00e0 t\u00ednh d\u1ec5 b\u1ecb t\u1ed5n th\u01b0\u01a1ng v\u1ec1 kinh t\u1ebf, s\u1ef1 c\u1ea7n thi\u1ebft ph\u1ea3i t\u0103ng l\u00e3i su\u1ea5t v\u00e0 s\u1ef1 th\u1eadn tr\u1ecdng v\u1ec1 ch\u00ednh s\u00e1ch. K\u1ef3 v\u1ecdng nh\u1ea5t tr\u00ed c\u1ee7a th\u1ecb tr\u01b0\u1eddng r\u1eb1ng s\u1ebd tr\u00ec ho\u00e3n qu\u00e1 tr\u00ecnh t\u0103ng l\u00e3i su\u1ea5t ti\u1ebfp t\u1ee5c c\u1ea3n tr\u1edf di\u1ec5n bi\u1ebfn c\u1ee7a t\u1ef7 gi\u00e1 \u0111\u1ed3ng y\u00ean. Ti\u1ec1n \u0111\u1ec1 c\u1ed1t l\u00f5i cho vi\u1ec7c b\u00ecnh th\u01b0\u1eddng h\u00f3a ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 c\u1ee7a Ng\u00e2n h\u00e0ng Nh\u1eadt B\u1ea3n l\u00e0 h\u00ecnh th\u00e0nh m\u1ed9t chu k\u1ef3 l\u1ea1m ph\u00e1t theo h\u01b0\u1edbng t\u00edch c\u1ef1c theo l\u01b0\u01a1ng-ti\u00eau d\u00f9ng-c\u1ea7u. L\u1ec5 h\u1ed9i m\u00f9a xu\u00e2n n\u0103m 2026 \u0111\u00e3 \u0111\u01b0a ra t\u00edn hi\u1ec7u l\u01b0\u01a1ng m\u1ea1nh m\u1ebd: UA Zensen \u0111\u00e3 \u0111\u1ec1 xu\u1ea5t m\u1ee9c t\u0103ng l\u01b0\u01a1ng 6,46% \u0111\u1ed1i v\u1edbi nh\u00e2n vi\u00ean ch\u00ednh th\u1ee9c v\u00e0 7,76% \u0111\u1ed1i v\u1edbi nh\u00e2n vi\u00ean b\u00e1n th\u1eddi gian, v\u00e0 li\u00ean \u0111o\u00e0n c\u00f4ng nh\u00e2n kim lo\u1ea1i c\u0169ng \u0111\u1ed3ng th\u1eddi t\u00ecm c\u00e1ch t\u0103ng l\u01b0\u01a1ng k\u1ef7 l\u1ee5c. Trong l\u1ecbch s\u1eed, c\u00e1c \u0111\u1ee3t t\u0103ng l\u00e3i su\u1ea5t tr\u01b0\u1edbc \u0111\u00e2y c\u1ee7a Ng\u00e2n h\u00e0ng Trung \u01b0\u01a1ng Nh\u1eadt B\u1ea3n \u0111\u1ec1u d\u1ef1a tr\u00ean k\u1ebft qu\u1ea3 tr\u1ea3 l\u01b0\u01a1ng c\u1ee7a Haruto l\u00e0m c\u01a1 s\u1edf ra quy\u1ebft \u0111\u1ecbnh c\u1ed1t l\u00f5i. Nhu c\u1ea7u t\u0103ng l\u01b0\u01a1ng cao h\u01a1n d\u1ef1 ki\u1ebfn \u200b\u200bn\u00e0y l\u1ebd ra \u0111\u00e3 h\u1ed7 tr\u1ee3 qu\u00e1 tr\u00ecnh t\u0103ng l\u00e3i su\u1ea5t c\u1ee7a ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng v\u00e0 th\u00fac \u0111\u1ea9y t\u1ef7 gi\u00e1 \u0111\u1ed3ng y\u00ean. Tuy nhi\u00ean, theo nh\u1eadn \u0111\u1ecbnh c\u1ee7a Wmax, s\u1ef1 leo thang li\u00ean t\u1ee5c c\u1ee7a xung \u0111\u1ed9t \u0111\u1ecba ch\u00ednh tr\u1ecb \u1edf Trung \u0110\u00f4ng \u0111\u00e3 ph\u00e1 v\u1ee1 ho\u00e0n to\u00e0n nh\u1ecbp \u0111i\u1ec7u ch\u00ednh s\u00e1ch c\u1ee7a Ng\u00e2n h\u00e0ng Nh\u1eadt B\u1ea3n, h\u00ecnh th\u00e0nh m\u1ed9t chu k\u1ef3 ti\u00eau c\u1ef1c g\u1ed3m \"xung \u0111\u1ed9t \u0111\u1ecba ch\u00ednh tr\u1ecb leo thang - gi\u00e1 n\u0103ng l\u01b0\u1ee3ng t\u0103ng - l\u1ea1m ph\u00e1t nh\u1eadp kh\u1ea9u t\u0103ng cao - ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng ng\u00e0y c\u00e0ng th\u1eadn tr\u1ecdng trong vi\u1ec7c t\u0103ng l\u00e3i su\u1ea5t - h\u1ea1 nhi\u1ec7t k\u1ef3 v\u1ecdng t\u0103ng l\u00e3i su\u1ea5t - \u0111\u1ed3ng y\u00ean ti\u1ebfp t\u1ee5c m\u1ea5t gi\u00e1\".<\/p>\n

L\u00e0 qu\u1ed1c gia nh\u1eadp kh\u1ea9u r\u00f2ng n\u0103ng l\u01b0\u1ee3ng v\u1edbi 90% ph\u1ee5 thu\u1ed9c v\u00e0o d\u1ea7u th\u00f4 n\u01b0\u1edbc ngo\u00e0i v\u00e0 t\u1eadp trung nhi\u1ec1u ngu\u1ed3n nh\u1eadp kh\u1ea9u c\u1ed1t l\u00f5i \u1edf Trung \u0110\u00f4ng, xung \u0111\u1ed9t c\u1ee7a Nh\u1eadt B\u1ea3n \u1edf Trung \u0110\u00f4ng \u0111\u00e3 tr\u1ef1c ti\u1ebfp \u0111\u1ea9y chi ph\u00ed nh\u1eadp kh\u1ea9u n\u0103ng l\u01b0\u1ee3ng t\u0103ng cao v\u00e0 l\u00e0m gia t\u0103ng \u00e1p l\u1ef1c l\u1ea1m ph\u00e1t nh\u1eadp kh\u1ea9u trong n\u01b0\u1edbc. Chuy\u00ean gia kinh t\u1ebf Takahide Kiuchi c\u1ee7a Vi\u1ec7n nghi\u00ean c\u1ee9u Nomura ch\u1ec9 ra r\u00f5 r\u00e0ng r\u1eb1ng gi\u00e1 h\u00e0ng h\u00f3a t\u0103ng s\u1ebd khi\u1ebfn Ng\u00e2n h\u00e0ng Nh\u1eadt B\u1ea3n th\u1eadn tr\u1ecdng h\u01a1n trong vi\u1ec7c t\u0103ng l\u00e3i su\u1ea5t. Ch\u1ebf \u0111\u1ed9 xem n\u00e0y h\u00ecnh th\u00e0nh x\u00e1c th\u1ef1c ch\u00e9o to\u00e0n di\u1ec7n v\u1edbi nghi\u00ean c\u1ee9u v\u00e0 \u0111\u00e1nh gi\u00e1 ch\u00ednh s\u00e1ch c\u1ee7a Wmax. S\u1ef1 th\u1eadn tr\u1ecdng trong ch\u00ednh s\u00e1ch n\u00e0y v\u1ec1 c\u01a1 b\u1ea3n xu\u1ea5t ph\u00e1t t\u1eeb s\u1ef1 mong manh s\u00e2u s\u1eafc c\u1ee7a n\u1ec1n kinh t\u1ebf Nh\u1eadt B\u1ea3n: m\u1ed9t m\u1eb7t, l\u1ea1m ph\u00e1t hi\u1ec7n nay \u1edf Nh\u1eadt B\u1ea3n ch\u1ee7 y\u1ebfu do chi ph\u00ed nh\u1eadp kh\u1ea9u h\u01a1n l\u00e0 nhu c\u1ea7u trong n\u01b0\u1edbc. Vi\u1ec7c t\u0103ng l\u00e3i su\u1ea5t m\u1ed9t c\u00e1ch h\u1ea5p t\u1ea5p kh\u00f4ng nh\u1eefng kh\u00f4ng ki\u1ec1m ch\u1ebf \u0111\u01b0\u1ee3c l\u1ea1m ph\u00e1t v\u1ec1 c\u01a1 b\u1ea3n m\u00e0 c\u00f2n k\u00ecm h\u00e3m n\u1ec1n kinh t\u1ebf v\u1ed1n \u0111\u00e3 y\u1ebfu k\u00e9m trong n\u01b0\u1edbc; m\u1eb7t kh\u00e1c, ti\u1ec1n l\u01b0\u01a1ng th\u1ef1c t\u1ebf h\u00e0ng th\u00e1ng c\u1ee7a Nh\u1eadt B\u1ea3n s\u1ebd ti\u1ebfp t\u1ee5c gi\u1ea3m so v\u1edbi c\u00f9ng k\u1ef3 n\u0103m 2025, t\u1ed1c \u0111\u1ed9 t\u0103ng tr\u01b0\u1edfng ti\u1ec1n l\u01b0\u01a1ng v\u1eabn ch\u01b0a v\u01b0\u1ee3t qua l\u1ea1m ph\u00e1t v\u00e0 kh\u1ea3 n\u0103ng chi ti\u00eau c\u1ee7a ng\u01b0\u1eddi d\u00e2n ti\u1ebfp t\u1ee5c ch\u1ecbu \u00e1p l\u1ef1c. N\u1ebfu l\u00e3i su\u1ea5t d\u1eabn \u0111\u1ebfn suy tho\u00e1i kinh t\u1ebf, n\u00f3 s\u1ebd l\u00e0m suy y\u1ebfu th\u00eam chu k\u1ef3 t\u00edch c\u1ef1c c\u1ee7a ti\u1ec1n l\u01b0\u01a1ng v\u00e0 l\u1ea1m ph\u00e1t.<\/p>\n

\"\u5c40\u90e8\u622a\u53d6_20260305_171055\"<\/p>\n

Trong b\u1ed1i c\u1ea3nh n\u00e0y, Wmax k\u1ebft h\u1ee3p d\u1eef li\u1ec7u \u0111\u1ecbnh gi\u00e1 ho\u00e1n \u0111\u1ed5i l\u00e3i su\u1ea5t th\u1ecb tr\u01b0\u1eddng \u0111\u1ec3 \u0111\u00e1nh gi\u00e1 r\u1eb1ng Ng\u00e2n h\u00e0ng Nh\u1eadt B\u1ea3n s\u1ebd duy tr\u00ec hi\u1ec7n tr\u1ea1ng ch\u00ednh s\u00e1ch t\u1ea1i cu\u1ed9c h\u1ecdp ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 v\u00e0o ng\u00e0y 19 th\u00e1ng 3. M\u1eb7c d\u00f9 th\u1ecb tr\u01b0\u1eddng v\u1eabn \u0111\u1eb7t nhi\u1ec1u k\u1ef3 v\u1ecdng v\u00e0o vi\u1ec7c t\u0103ng l\u00e3i su\u1ea5t v\u00e0o th\u00e1ng 4, nh\u01b0ng vi\u1ec7c tr\u00ec ho\u00e3n t\u1ed1c \u0111\u1ed9 t\u0103ng l\u00e3i su\u1ea5t \u0111\u00e3 tr\u1edf th\u00e0nh s\u1ef1 \u0111\u1ed3ng thu\u1eadn c\u1ee7a th\u1ecb tr\u01b0\u1eddng, \u0111i\u1ec1u n\u00e0y tr\u1ef1c ti\u1ebfp l\u00e0m t\u0103ng \u00e1p l\u1ef1c gi\u1ea3m gi\u00e1 \u0111\u1ed1i v\u1edbi \u0111\u1ed3ng y\u00ean. Ngo\u00e0i ra, ch\u00ednh s\u00e1ch t\u00e0i kh\u00f3a v\u00e0 c\u00e1c cam k\u1ebft \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i c\u0169ng g\u00e2y \u00e1p l\u1ef1c d\u00e0i h\u1ea1n l\u00ean \u0111\u1ed3ng y\u00ean: k\u1ebf ho\u1ea1ch chi ti\u00eau t\u00e0i kh\u00f3a quy m\u00f4 l\u1edbn c\u1ee7a ch\u00ednh ph\u1ee7 Takaichi Sanae \u0111\u00e3 l\u00e0m gia t\u0103ng m\u1ed1i lo ng\u1ea1i c\u1ee7a th\u1ecb tr\u01b0\u1eddng v\u1ec1 t\u00ednh b\u1ec1n v\u1eefng t\u00e0i ch\u00ednh c\u1ee7a Nh\u1eadt B\u1ea3n. M\u1ed1i lo ng\u1ea1i n\u00e0y c\u0169ng \u0111\u00e3 \u0111\u01b0\u1ee3c kh\u1eb3ng \u0111\u1ecbnh trong b\u00e1o c\u00e1o \u0111\u00e1nh gi\u00e1 kinh t\u1ebf Nh\u1eadt B\u1ea3n m\u1edbi nh\u1ea5t do IMF c\u00f4ng b\u1ed1; v\u00e0 theo hi\u1ec7p \u0111\u1ecbnh th\u01b0\u01a1ng m\u1ea1i Nh\u1eadt - M\u1ef9, Nh\u1eadt B\u1ea3n cam k\u1ebft \u0111\u1ea7u t\u01b0 550 t\u1ef7 USD v\u00e0o M\u1ef9 trong 3 n\u0103m t\u1edbi \u0111\u1ec3 \u0111\u1ed5i l\u1ea5y vi\u1ec7c c\u1eaft gi\u1ea3m thu\u1ebf quan. D\u00f2ng v\u1ed1n ch\u1ea3y ra quy m\u00f4 l\u1edbn d\u1ef1 ki\u1ebfn \u200b\u200bs\u1ebd l\u00e0m suy y\u1ebfu th\u00eam s\u1ef1 h\u1ed7 tr\u1ee3 t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i c\u1ee7a \u0111\u1ed3ng y\u00ean.<\/p>\n

<\/a>3. S\u1ef1 can thi\u1ec7p v\u00e0o t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i s\u1eafp x\u1ea3y ra, ranh gi\u1edbi ch\u00ednh s\u00e1ch v\u00e0 nh\u1eefng h\u1ea1n ch\u1ebf v\u1ec1 t\u00e1c \u0111\u1ed9ng l\u00e0 r\u00f5 r\u00e0ng.<\/strong><\/p>\n

Wmax, th\u00f4ng qua m\u00f4 h\u00ecnh \u0111\u00e1nh gi\u00e1 l\u1ecbch s\u1eed can thi\u1ec7p ngo\u1ea1i h\u1ed1i c\u1ee7a Nh\u1eadt B\u1ea3n v\u00e0 gi\u00e1m s\u00e1t h\u1ec7 th\u1ed1ng theo d\u00f5i tuy\u00ean b\u1ed1 ch\u00ednh s\u00e1ch c\u1ee7a B\u1ed9 T\u00e0i ch\u00ednh, \u0111\u00e3 ph\u00e1t hi\u1ec7n ra r\u1eb1ng \u00e1p l\u1ef1c gi\u1ea3m gi\u00e1 li\u00ean t\u1ee5c \u0111\u1ed1i v\u1edbi \u0111\u1ed3ng y\u00ean \u0111\u00e3 g\u00e2y ra s\u1ef1 can thi\u1ec7p m\u1ea1nh m\u1ebd b\u1eb1ng l\u1eddi n\u00f3i c\u1ee7a ch\u00ednh ph\u1ee7 Nh\u1eadt B\u1ea3n v\u00e0 th\u1ecb tr\u01b0\u1eddng \u0111ang chu\u1ea9n b\u1ecb cho kh\u1ea3 n\u0103ng can thi\u1ec7p t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i \u0111\u00e1ng k\u1ec3. Sau khi \u0111\u1ed3ng y\u00ean gi\u1ea3m m\u1ea1nh h\u00f4m th\u1ee9 Ba, B\u1ed9 tr\u01b0\u1edfng T\u00e0i ch\u00ednh Nh\u1eadt B\u1ea3n Katayama Satsuki n\u00f3i r\u00f5 r\u1eb1ng ch\u00ednh ph\u1ee7 \u0111ang ch\u00fa \u00fd \u0111\u1ebfn xu h\u01b0\u1edbng th\u1ecb tr\u01b0\u1eddng ngo\u1ea1i h\u1ed1i v\u1edbi \"c\u1ea3m gi\u00e1c c\u1ef1c k\u1ef3 c\u1ea5p b\u00e1ch\" v\u00e0 s\u1ebd th\u1ef1c hi\u1ec7n m\u1ecdi bi\u1ec7n ph\u00e1p c\u1ea7n thi\u1ebft, bao g\u1ed3m can thi\u1ec7p tr\u1ef1c ti\u1ebfp, \u0111\u1ec3 \u0111\u1ed1i ph\u00f3 v\u1edbi nh\u1eefng bi\u1ebfn \u0111\u1ed9ng t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i b\u1ea5t th\u01b0\u1eddng. M\u1eb7c d\u00f9 tuy\u00ean b\u1ed1 n\u00e0y t\u1ea1m th\u1eddi h\u1ea1n ch\u1ebf s\u1ef1 s\u1ee5t gi\u1ea3m nhanh ch\u00f3ng c\u1ee7a \u0111\u1ed3ng Y\u00ean nh\u01b0ng n\u00f3 kh\u00f4ng \u0111\u1ea3o ng\u01b0\u1ee3c xu h\u01b0\u1edbng gi\u1ea3m gi\u00e1 chung c\u1ee7a \u0111\u1ed3ng Y\u00ean. Wmax k\u1ebft h\u1ee3p d\u1eef li\u1ec7u can thi\u1ec7p l\u1ecbch s\u1eed v\u1edbi m\u00f4i tr\u01b0\u1eddng th\u1ecb tr\u01b0\u1eddng hi\u1ec7n t\u1ea1i. N\u1ebfu t\u1ef7 gi\u00e1 \u0111\u1ed3ng y\u00ean-\u0111\u00f4 la \u0111\u1ea1t m\u1ed1c 160, t\u00e2m l\u00fd th\u1eadn tr\u1ecdng c\u1ee7a th\u1ecb tr\u01b0\u1eddng s\u1ebd t\u0103ng l\u00ean \u0111\u00e1ng k\u1ec3 v\u00e0 kh\u1ea3 n\u0103ng can thi\u1ec7p \u0111\u00e1ng k\u1ec3 c\u0169ng s\u1ebd t\u0103ng l\u00ean \u0111\u00e1ng k\u1ec3. Nh\u1eadn \u0111\u1ecbnh ng\u01b0\u1ee1ng n\u00e0y ho\u00e0n to\u00e0n ph\u00f9 h\u1ee3p v\u1edbi quan \u0111i\u1ec3m m\u1edbi nh\u1ea5t c\u1ee7a Koichi Sugisaki, chi\u1ebfn l\u01b0\u1ee3c gia v\u0129 m\u00f4 Nh\u1eadt B\u1ea3n t\u1ea1i Morgan Stanley MUFG Securities. Tuy nhi\u00ean, Wmax c\u0169ng ch\u1ec9 ra r\u00f5 r\u00e0ng r\u1eb1ng t\u1eeb g\u00f3c \u0111\u1ed9 kinh nghi\u1ec7m l\u1ecbch s\u1eed v\u00e0 m\u00f4i tr\u01b0\u1eddng ch\u00ednh s\u00e1ch hi\u1ec7n t\u1ea1i, vi\u1ec7c can thi\u1ec7p t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i c\u1ee7a ch\u00ednh ph\u1ee7 Nh\u1eadt B\u1ea3n ph\u1ea3i \u0111\u1ed1i m\u1eb7t v\u1edbi nh\u1eefng h\u1ea1n ch\u1ebf v\u1ec1 hi\u1ec7u qu\u1ea3 r\u00f5 r\u00e0ng.<\/p>\n

S\u1ef1 can thi\u1ec7p ngo\u1ea1i h\u1ed1i \u0111\u01a1n ph\u01b0\u01a1ng ch\u1ec9 c\u00f3 th\u1ec3 h\u1ea1n ch\u1ebf s\u1ef1 s\u1ee5t gi\u1ea3m nhanh ch\u00f3ng c\u1ee7a t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i trong ng\u1eafn h\u1ea1n, nh\u01b0ng n\u00f3 kh\u00f4ng th\u1ec3 \u0111\u1ea3o ng\u01b0\u1ee3c xu h\u01b0\u1edbng d\u00e0i h\u1ea1n c\u1ee7a \u0111\u1ed3ng y\u00ean. Hi\u1ec7u qu\u1ea3 c\u1ee7a s\u1ef1 can thi\u1ec7p ph\u1ee5 thu\u1ed9c r\u1ea5t nhi\u1ec1u v\u00e0o s\u1ef1 ph\u1ed1i h\u1ee3p c\u1ee7a ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7. N\u1ebfu Ng\u00e2n h\u00e0ng Nh\u1eadt B\u1ea3n duy tr\u00ec ch\u00ednh s\u00e1ch n\u1edbi l\u1ecfng v\u00e0 ti\u1ebfp t\u1ee5c tr\u00ec ho\u00e3n vi\u1ec7c t\u0103ng l\u00e3i su\u1ea5t, ch\u00eanh l\u1ec7ch l\u00e3i su\u1ea5t gi\u1eefa Nh\u1eadt B\u1ea3n v\u00e0 c\u00e1c n\u1ec1n kinh t\u1ebf l\u1edbn kh\u00e1c s\u1ebd ti\u1ebfp t\u1ee5c t\u1ed3n t\u1ea1i v\u00e0 logic c\u01a1 b\u1ea3n c\u1ee7a giao d\u1ecbch ch\u00eanh l\u1ec7ch gi\u00e1 s\u1ebd kh\u00f4ng thay \u0111\u1ed5i. S\u1ef1 can thi\u1ec7p ngo\u1ea1i h\u1ed1i c\u1ee7a ri\u00eang B\u1ed9 T\u00e0i ch\u00ednh v\u1ec1 c\u01a1 b\u1ea3n kh\u00f4ng th\u1ec3 \u0111\u1ea3o ng\u01b0\u1ee3c xu h\u01b0\u1edbng m\u1ea5t gi\u00e1 c\u1ee7a \u0111\u1ed3ng y\u00ean. Quan tr\u1ecdng h\u01a1n, c\u00f3 m\u00e2u thu\u1eabn c\u1ed1 h\u1eefu gi\u1eefa can thi\u1ec7p t\u1ef7 gi\u00e1 v\u00e0 m\u1ee5c ti\u00eau ch\u00ednh s\u00e1ch trong n\u01b0\u1edbc: n\u1ebfu Ch\u00ednh ph\u1ee7 Nh\u1eadt B\u1ea3n can thi\u1ec7p v\u00e0o t\u1ef7 gi\u00e1 v\u00e0 mua \u0111\u1ed3ng Y\u00ean s\u1ebd th\u1eaft ch\u1eb7t thanh kho\u1ea3n trong n\u01b0\u1edbc m\u1ed9t c\u00e1ch th\u1ee5 \u0111\u1ed9ng, tr\u00e1i ng\u01b0\u1ee3c tr\u1ef1c ti\u1ebfp v\u1edbi m\u1ee5c ti\u00eau ch\u00ednh s\u00e1ch c\u1ee7a Ch\u00ednh ph\u1ee7 l\u00e0 gi\u1ea3m b\u1edbt \u00e1p l\u1ef1c l\u1ea1m ph\u00e1t v\u00e0 th\u00fac \u0111\u1ea9y ti\u00eau d\u00f9ng trong n\u01b0\u1edbc; v\u00e0 n\u1ebfu vi\u1ec7c ph\u00f2ng ng\u1eeba r\u1ee7i ro thanh kho\u1ea3n \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n trong qu\u00e1 tr\u00ecnh can thi\u1ec7p, hi\u1ec7u qu\u1ea3 c\u1ee7a s\u1ef1 can thi\u1ec7p s\u1ebd b\u1ecb suy y\u1ebfu \u0111\u00e1ng k\u1ec3 v\u00e0 t\u1ef7 gi\u00e1 \u0111\u1ed3ng Y\u00ean Nh\u1eadt s\u1ebd kh\u00f4ng \u0111\u01b0\u1ee3c th\u00fac \u0111\u1ea9y m\u1ed9t c\u00e1ch hi\u1ec7u qu\u1ea3. \u0110i\u1ec1u n\u00e0y \u0111\u1eb7t ch\u00ednh ph\u1ee7 Nh\u1eadt B\u1ea3n v\u00e0o t\u00ecnh th\u1ebf ti\u1ebfn tho\u00e1i l\u01b0\u1ee1ng nan m\u1edbi khi \u0111\u01b0a ra c\u00e1c quy\u1ebft \u0111\u1ecbnh can thi\u1ec7p.<\/p>\n

\"\u5c40\u90e8\u622a\u53d6_20260305_171241\"<\/p>\n

<\/a>4. Tri\u1ec3n v\u1ecdng xu h\u01b0\u1edbng trong t\u01b0\u01a1ng lai: Ba bi\u1ebfn s\u1ed1 c\u1ed1t l\u00f5i x\u00e1c \u0111\u1ecbnh h\u01b0\u1edbng \u0111i c\u1ee7a \u0111\u1ed3ng y\u00ean. Bi\u1ebfn \u0111\u1ed9ng cao s\u1ebd tr\u1edf th\u00e0nh ti\u00eau chu\u1ea9n.<\/strong><\/p>\n

Wmax D\u1eef li\u1ec7u to\u00e0n di\u1ec7n v\u00e0 nghi\u00ean c\u1ee9u v\u00e0 \u0111\u00e1nh gi\u00e1 x\u00e1c th\u1ef1c ch\u00e9o \u0111a t\u1ed5 ch\u1ee9c, t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i \u0111\u1ed3ng y\u00ean Nh\u1eadt hi\u1ec7n t\u1ea1i \u0111\u00e3 b\u01b0\u1edbc v\u00e0o giai \u0111o\u1ea1n quan s\u00e1t quan tr\u1ecdng v\u00e0 s\u1ebd tr\u1edf th\u00e0nh m\u1ed9t b\u01b0\u1edbc ngo\u1eb7t xu h\u01b0\u1edbng quan tr\u1ecdng v\u00e0o gi\u1eefa \u0111\u1ebfn cu\u1ed1i th\u00e1ng 3 v\u00e0 xu h\u01b0\u1edbng c\u1ee7a n\u00f3 \u0111\u01b0\u1ee3c x\u00e1c \u0111\u1ecbnh b\u1edfi ba bi\u1ebfn s\u1ed1 c\u1ed1t l\u00f5i. \u0110\u1ea7u ti\u00ean l\u00e0 bi\u1ebfn s\u1ed1 b\u00ean ngo\u00e0i c\u1ed1t l\u00f5i c\u1ee7a xung \u0111\u1ed9t \u0111\u1ecba ch\u00ednh tr\u1ecb \u1edf Trung \u0110\u00f4ng: xung \u0111\u1ed9t leo thang s\u1ebd \u0111\u1ea9y gi\u00e1 n\u0103ng l\u01b0\u1ee3ng t\u0103ng cao, l\u1ea1m ph\u00e1t nh\u1eadp kh\u1ea9u gia t\u0103ng, bu\u1ed9c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng ph\u1ea3i ho\u00e3n t\u0103ng l\u00e3i su\u1ea5t v\u00e0 t\u0103ng \u00e1p l\u1ef1c l\u00ean \u0111\u1ed3ng y\u00ean m\u1ea5t gi\u00e1; Vi\u1ec7c n\u1edbi l\u1ecfng t\u00ecnh h\u00ecnh s\u1ebd l\u00e0m gi\u1ea3m b\u1edbt c\u00e1c h\u1ea1n ch\u1ebf v\u1ec1 l\u1ea1m ph\u00e1t, gi\u00fap t\u0103ng k\u1ef3 v\u1ecdng v\u1ec1 l\u00e3i su\u1ea5t v\u00e0 h\u1ed7 tr\u1ee3 \u0111\u1ed3ng y\u00ean t\u0103ng gi\u00e1. Th\u1ee9 hai l\u00e0 c\u01a1 s\u1edf \u0111\u1ecbnh gi\u00e1 c\u1ed1t l\u00f5i trong k\u1ebft qu\u1ea3 \u0111\u00e0m ph\u00e1n ti\u1ec1n l\u01b0\u01a1ng c\u1ee7a Haruto: UA Zensen s\u1ebd c\u00f4ng b\u1ed1 \u0111\u1ee3t th\u1ecfa thu\u1eadn ti\u1ec1n l\u01b0\u01a1ng \u0111\u1ea7u ti\u00ean v\u00e0o ng\u00e0y 19 th\u00e1ng 3 (\u0111\u1ed3ng b\u1ed9 v\u1edbi cu\u1ed9c h\u1ecdp ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 c\u1ee7a Ng\u00e2n h\u00e0ng Nh\u1eadt B\u1ea3n). N\u1ebfu m\u1ee9c l\u01b0\u01a1ng cao h\u01a1n d\u1ef1 ki\u1ebfn, n\u00f3 s\u1ebd h\u1ed7 tr\u1ee3 vi\u1ec7c b\u00ecnh th\u01b0\u1eddng h\u00f3a ch\u00ednh s\u00e1ch c\u1ee7a ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng v\u00e0 th\u00fac \u0111\u1ea9y \u0111\u1ed3ng y\u00ean. N\u1ebfu n\u00f3 th\u1ea5p h\u01a1n d\u1ef1 ki\u1ebfn, n\u00f3 s\u1ebd k\u00e9o d\u00e0i th\u1eddi gian n\u1edbi l\u1ecfng v\u00e0 k\u00ecm h\u00e3m t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i. Th\u1ee9 ba l\u00e0 bi\u1ebfn s\u1ed1 d\u00e0i h\u1ea1n c\u1ee7a nh\u1ecbp \u0111i\u1ec7u ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 c\u1ee7a Ng\u00e2n h\u00e0ng Nh\u1eadt B\u1ea3n: th\u1ecb tr\u01b0\u1eddng nh\u00ecn chung k\u1ef3 v\u1ecdng ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng s\u1ebd duy tr\u00ec hi\u1ec7n tr\u1ea1ng trong th\u00e1ng 3 v\u00e0 t\u0103ng l\u00e3i su\u1ea5t v\u1edbi x\u00e1c su\u1ea5t cao v\u00e0o th\u00e1ng 4. C\u00e1c t\u00edn hi\u1ec7u di\u1ec1u h\u00e2u s\u1ebd l\u00e0m t\u0103ng k\u1ef3 v\u1ecdng v\u1ec1 vi\u1ec7c t\u0103ng l\u00e3i su\u1ea5t v\u00e0 ki\u1ec1m ch\u1ebf s\u1ef1 m\u1ea5t gi\u00e1, trong khi c\u00e1c t\u00edn hi\u1ec7u \u00f4n h\u00f2a s\u1ebd l\u00e0m t\u0103ng th\u00eam k\u1ef3 v\u1ecdng v\u1ec1 vi\u1ec7c tr\u00ec ho\u00e3n t\u0103ng l\u00e3i su\u1ea5t. \u0110\u1ed3ng y\u00ean c\u00f3 th\u1ec3 ki\u1ec3m tra c\u00e1c m\u1ee9c h\u1ed7 tr\u1ee3 quan tr\u1ecdng v\u00e0 t\u0103ng kh\u1ea3 n\u0103ng can thi\u1ec7p.<\/p>\n

V\u1ec1 l\u00e2u d\u00e0i, Wmax k\u1ebft lu\u1eadn r\u1eb1ng s\u1ef1 suy gi\u1ea3m c\u1ee7a c\u00e1c thu\u1ed9c t\u00ednh tr\u00fa \u1ea9n an to\u00e0n c\u1ee7a \u0111\u1ed3ng y\u00ean kh\u00f4ng ph\u1ea3i l\u00e0 hi\u1ec7n t\u01b0\u1ee3ng ng\u1eafn h\u1ea1n m\u00e0 l\u00e0 bi\u1ec3u hi\u1ec7n t\u1eadp trung c\u1ee7a c\u00e1c v\u1ea5n \u0111\u1ec1 v\u1ec1 c\u01a1 c\u1ea5u kinh t\u1ebf c\u1ee7a Nh\u1eadt B\u1ea3n. M\u00f4i tr\u01b0\u1eddng t\u0103ng tr\u01b0\u1edfng th\u1ea5p v\u00e0 l\u1ea1m ph\u00e1t th\u1ea5p trong d\u00e0i h\u1ea1n c\u1ee7a n\u1ec1n kinh t\u1ebf Nh\u1eadt B\u1ea3n, s\u1ef1 ch\u1eadm tr\u1ec5 li\u00ean t\u1ee5c trong vi\u1ec7c b\u00ecnh th\u01b0\u1eddng h\u00f3a ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 v\u00e0 xu h\u01b0\u1edbng \u0111\u1ea7u t\u01b0 d\u00e0i h\u1ea1n c\u1ee7a doanh nghi\u1ec7p ra n\u01b0\u1edbc ngo\u00e0i \u0111\u00e3 thay \u0111\u1ed5i c\u0103n b\u1ea3n logic \u0111\u1ecbnh gi\u00e1 truy\u1ec1n th\u1ed1ng c\u1ee7a \u0111\u1ed3ng y\u00ean. Li\u1ec7u \u0111\u1ed3ng y\u00ean c\u00f3 th\u1ec3 l\u1ea5y l\u1ea1i \u0111\u01b0\u1ee3c s\u1ef1 c\u00f4ng nh\u1eadn c\u1ee7a th\u1ecb tr\u01b0\u1eddng to\u00e0n c\u1ea7u trong t\u01b0\u01a1ng lai hay kh\u00f4ng ph\u1ee5 thu\u1ed9c v\u00e0o vi\u1ec7c Nh\u1eadt B\u1ea3n c\u00f3 th\u1ec3 \u0111\u1ea1t \u0111\u01b0\u1ee3c l\u1ea1m ph\u00e1t do nhu c\u1ea7u th\u00f4ng qua t\u0103ng tr\u01b0\u1edfng ti\u1ec1n l\u01b0\u01a1ng b\u1ec1n v\u1eefng, ho\u00e0n th\u00e0nh \u1ed5n \u0111\u1ecbnh qu\u00e1 tr\u00ecnh b\u00ecnh th\u01b0\u1eddng h\u00f3a ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 v\u00e0 \u0111\u1ecbnh h\u00ecnh l\u1ea1i \u0111\u1ed9ng l\u1ef1c t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf n\u1ed9i sinh hay kh\u00f4ng. Cho \u0111\u1ebfn l\u00fac \u0111\u00f3, \u0111\u1ed3ng Y\u00ean Nh\u1eadt s\u1ebd ti\u1ebfp t\u1ee5c b\u1ecb m\u1eafc k\u1eb9t gi\u1eefa nh\u1eefng c\u00fa s\u1ed1c \u0111\u1ecba ch\u00ednh tr\u1ecb, t\u00ecnh th\u1ebf ti\u1ebfn tho\u00e1i l\u01b0\u1ee1ng nan v\u1ec1 ch\u00ednh s\u00e1ch v\u00e0 nh\u1eefng \u0111i\u1ec3m y\u1ebfu c\u01a1 b\u1ea3n, \u0111\u1ed3ng th\u1eddi bi\u1ebfn \u0111\u1ed9ng t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i cao s\u1ebd tr\u1edf th\u00e0nh th\u00f4ng l\u1ec7 c\u1ee7a th\u1ecb tr\u01b0\u1eddng. \u0110\u1ed1i v\u1edbi nh\u1eefng ng\u01b0\u1eddi tham gia th\u1ecb tr\u01b0\u1eddng, Wmax \u0111\u00e3 l\u00e0m r\u00f5 ba \u0111\u01b0\u1eddng gi\u00e1m s\u00e1t c\u1ed1t l\u00f5i: Th\u1ee9 nh\u1ea5t, nh\u1eefng thay \u0111\u1ed5i c\u1eadn bi\u00ean trong t\u00ecnh h\u00ecnh \u0111\u1ecba ch\u00ednh tr\u1ecb \u1edf Trung \u0110\u00f4ng, t\u1eadp trung v\u00e0o t\u00e1c \u0111\u1ed9ng truy\u1ec1n t\u1ea3i c\u1ee7a bi\u1ebfn \u0111\u1ed9ng gi\u00e1 n\u0103ng l\u01b0\u1ee3ng \u0111\u1ebfn l\u1ea1m ph\u00e1t nh\u1eadp kh\u1ea9u c\u1ee7a Nh\u1eadt B\u1ea3n; th\u1ee9 hai, vi\u1ec7c th\u1ef1c hi\u1ec7n \u0111\u00e0m ph\u00e1n l\u01b0\u01a1ng Haruto, l\u00e0 ch\u1ec9 s\u1ed1 c\u1ed1t l\u00f5i d\u1eabn d\u1eaft c\u00e1c quy\u1ebft \u0111\u1ecbnh ch\u00ednh s\u00e1ch c\u1ee7a Ng\u00e2n h\u00e0ng Trung \u01b0\u01a1ng Nh\u1eadt B\u1ea3n; th\u1ee9 ba, vi\u1ec7c \u0111\u01b0a ra c\u00e1c t\u00edn hi\u1ec7u ch\u00ednh s\u00e1ch t\u1eeb Ng\u00e2n h\u00e0ng Nh\u1eadt B\u1ea3n v\u00e0 h\u00e0nh \u0111\u1ed9ng can thi\u1ec7p t\u1ef7 gi\u00e1 c\u1ee7a B\u1ed9 T\u00e0i ch\u00ednh s\u1ebd tr\u1ef1c ti\u1ebfp quy\u1ebft \u0111\u1ecbnh nh\u1ecbp \u0111\u1ed9 bi\u1ebfn \u0111\u1ed9ng ng\u1eafn h\u1ea1n c\u1ee7a t\u1ef7 gi\u00e1 \u0111\u1ed3ng Y\u00ean Nh\u1eadt.<\/p>","protected":false},"excerpt":{"rendered":"

T\u00e0i s\u1ea3n tr\u00fa \u1ea9n an to\u00e0n c\u1ee7a \u0111\u1ed3ng y\u00ean Nh\u1eadt \u0111\u00e3 tr\u1edf n\u00ean k\u00e9m hi\u1ec7u qu\u1ea3 trong b\u1ed1i c\u1ea3nh xung \u0111\u1ed9t \u1edf Trung \u0110\u00f4ng, m\u1ea5t gi\u00e1 g\u1ea7n 5% so v\u1edbi \u0111\u1ed3ng \u0111\u00f4 la M\u1ef9 trong 12 th\u00e1ng. Nh\u1eadt B\u1ea3n \u0111ang r\u01a1i v\u00e0o t\u00ecnh th\u1ebf ti\u1ebfn tho\u00e1i l\u01b0\u1ee1ng nan v\u1ec1 ch\u00ednh s\u00e1ch. S\u1ef1 ch\u1eadm tr\u1ec5 trong vi\u1ec7c t\u0103ng l\u00e3i su\u1ea5t c\u1ee7a ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng \u0111\u00e3 l\u00e0m gi\u1ea3m t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i v\u00e0 nh\u1eadp kh\u1ea9u n\u0103ng l\u01b0\u1ee3ng \u0111\u1ea9y l\u1ea1m ph\u00e1t nh\u1eadp kh\u1ea9u t\u0103ng l\u00ean. B\u1ed9 tr\u01b0\u1edfng T\u00e0i ch\u00ednh Katayama Satsuki \u0111\u00e3 can thi\u1ec7p nh\u01b0ng h\u1eadu qu\u1ea3 c\u00f2n ph\u1ee5 thu\u1ed9c v\u00e0o ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7. T\u1eeb gi\u1eefa \u0111\u1ebfn cu\u1ed1i th\u00e1ng 3 s\u1ebd tr\u1edf th\u00e0nh m\u1ed9t b\u01b0\u1edbc ngo\u1eb7t quan tr\u1ecdng v\u00e0 ng\u01b0\u1eddi ta s\u1ebd ch\u00fa \u00fd \u0111\u1ebfn ba bi\u1ebfn s\u1ed1 ch\u00ednh l\u00e0 \u0111\u1ecba l\u00fd, ti\u1ec1n l\u01b0\u01a1ng m\u00f9a xu\u00e2n v\u00e0 ch\u00ednh s\u00e1ch ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng.<\/p>","protected":false},"author":1,"featured_media":9080,"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":[120],"tags":[689,224,690],"class_list":["post-9079","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured-solutions","tag-689","tag-224","tag-690"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/9079","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=9079"}],"version-history":[{"count":2,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/9079\/revisions"}],"predecessor-version":[{"id":9089,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/9079\/revisions\/9089"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/media\/9080"}],"wp:attachment":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/media?parent=9079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/categories?post=9079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/tags?post=9079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}