{"id":13657,"date":"2025-06-17T09:57:00","date_gmt":"2025-06-17T02:57:00","guid":{"rendered":"https:\/\/www.phfm.vn\/?p=13657"},"modified":"2025-06-17T09:57:00","modified_gmt":"2025-06-17T02:57:00","slug":"nganh-ngan-hang-viet-nam-mot-thap-ky-nhin-lai-va-trien-vong-chu-ky-moi","status":"publish","type":"post","link":"https:\/\/www.phfm.vn\/vi\/nganh-ngan-hang-viet-nam-mot-thap-ky-nhin-lai-va-trien-vong-chu-ky-moi\/","title":{"rendered":"NG\u00c0NH NG\u00c2N H\u00c0NG VI\u1ec6T NAM: M\u1ed8T TH\u1eacP K\u1ef6 NH\u00ccN L\u1ea0I V\u00c0 TRI\u1ec2N V\u1eccNG CHU K\u1ef2 M\u1edaI"},"content":{"rendered":"

Ng\u00e0nh ng\u00e2n h\u00e0ng Vi\u1ec7t Nam: M\u1ed9t th\u1eadp k\u1ef7 nh\u00ecn l\u1ea1i v\u00e0 tri\u1ec3n v\u1ecdng chu k\u1ef3 m\u1edbi<\/strong><\/h1>\n

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Ng\u00e0nh ng\u00e2n h\u00e0ng l\u00e0 tr\u1ee5 c\u1ed9t c\u1ee7a n\u1ec1n kinh t\u1ebf c\u0169ng nh\u01b0 th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n, chi\u1ebfm h\u01a1n 30% v\u1ed1n h\u00f3a th\u1ecb tr\u01b0\u1eddng v\u00e0 h\u01a1n 50% t\u1ed5ng l\u1ee3i nhu\u1eadn to\u00e0n th\u1ecb tr\u01b0\u1eddng. Nh\u00ecn l\u1ea1i chu k\u1ef3 kinh t\u1ebf trong m\u01b0\u1eddi n\u0103m qua, ng\u00e0nh n\u00e0y \u0111\u00e3 \u0111\u1ea1t m\u1ee9c t\u0103ng tr\u01b0\u1edfng trung b\u00ecnh h\u00e0ng n\u0103m 18% v\u1ec1 thu nh\u1eadp ho\u1ea1t \u0111\u1ed9ng v\u00e0 25% v\u1ec1 l\u1ee3i nhu\u1eadn sau thu\u1ebf, \u0111\u01b0\u1ee3c th\u00fac \u0111\u1ea9y b\u1edfi t\u0103ng tr\u01b0\u1edfng t\u00edn d\u1ee5ng \u1ed5n \u0111\u1ecbnh \u1edf m\u1ee9c 14% m\u1ed7i n\u0103m, c\u00f9ng v\u1edbi nh\u1eefng c\u1ea3i thi\u1ec7n r\u00f5 r\u1ec7t trong ki\u1ec3m so\u00e1t chi ph\u00ed v\u00e0 t\u0103ng tr\u01b0\u1edfng m\u1ea1nh c\u1ee7a thu nh\u1eadp t\u1eeb ph\u00ed.<\/p>\n

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(Ngu\u1ed3n: Fiinpro, PHFM)<\/figcaption><\/figure>\n

N\u1ebfu ch\u1ec9 nh\u00ecn v\u00e0o 5 n\u0103m g\u1ea7n \u0111\u00e2y \u2013 giai \u0111o\u1ea1n n\u1ec1n kinh t\u1ebf \u0111\u1ed1i m\u1eb7t v\u1edbi nhi\u1ec1u c\u00fa s\u1ed1c l\u1edbn nh\u01b0 \u0111\u1ea1i d\u1ecbch COVID-19 v\u00e0 cu\u1ed9c kh\u1ee7ng ho\u1ea3ng thanh kho\u1ea3n ng\u00e0nh ng\u00e2n h\u00e0ng n\u0103m 2022 b\u1eaft ngu\u1ed3n t\u1eeb ng\u00e2n h\u00e0ng SCB v\u00e0 T\u1eadp \u0111o\u00e0n V\u1ea1n Th\u1ecbnh Ph\u00e1t \u2013 ng\u00e0nh ng\u00e2n h\u00e0ng v\u1eabn th\u1ec3 hi\u1ec7n s\u1ef1 v\u01b0\u1ee3t tr\u1ed9i, v\u1edbi t\u1ed1c \u0111\u1ed9 t\u0103ng tr\u01b0\u1edfng doanh thu v\u00e0 l\u1ee3i nhu\u1eadn duy tr\u00ec \u1edf m\u1ee9c cao, trung b\u00ecnh l\u1ea7n l\u01b0\u1ee3t l\u00e0 15% v\u00e0 20% m\u1ed7i n\u0103m. Tr\u00ean th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam, c\u00f3 r\u1ea5t \u00edt ng\u00e0nh c\u00f3 th\u1ec3 s\u00e1nh k\u1ecbp v\u1edbi m\u1ee9c t\u0103ng tr\u01b0\u1edfng cao v\u00e0 \u1ed5n \u0111\u1ecbnh nh\u01b0 ng\u00e0nh ng\u00e2n h\u00e0ng trong 5 n\u0103m v\u1eeba qua.<\/p>\n

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(Ngu\u1ed3n: Fiinpro, PHFM)<\/figcaption><\/figure>\n

Trong hai n\u0103m qua, ng\u00e0nh ng\u00e2n h\u00e0ng \u0111\u00e3 ch\u1ea1m \u0111\u00e1y v\u00e0 ph\u1ee5c h\u1ed3i nh\u1edd v\u00e0o \u0111\u00e0 ph\u1ee5c h\u1ed3i c\u1ee7a n\u1ec1n kinh t\u1ebf. Sau cu\u1ed9c kh\u1ee7ng ho\u1ea3ng thanh kho\u1ea3n v\u00e0o cu\u1ed1i n\u0103m 2022, t\u0103ng tr\u01b0\u1edfng t\u00edn d\u1ee5ng \u0111\u00e3 ch\u1ea1m m\u1ee9c th\u1ea5p nh\u1ea5t v\u00e0o n\u0103m 2023 nh\u01b0ng \u0111\u00e3 ph\u1ee5c h\u1ed3i m\u1ea1nh m\u1ebd trong n\u0103m 2024. S\u1ef1 t\u0103ng tr\u01b0\u1edfng m\u1ea1nh m\u1ebd trong n\u0103m 2024 \u0111\u01b0\u1ee3c h\u1ed7 tr\u1ee3 b\u1edfi c\u1ea3 ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 v\u00e0 t\u00e0i kh\u00f3a n\u1edbi l\u1ecfng. Ng\u00e2n h\u00e0ng Nh\u00e0 n\u01b0\u1edbc \u0111\u00e3 c\u1eaft gi\u1ea3m m\u1ea1nh l\u00e3i su\u1ea5t \u0111i\u1ec1u h\u00e0nh t\u1eeb m\u1ee9c r\u1ea5t cao c\u1ee7a n\u0103m 2023, g\u00f3p ph\u1ea7n “ph\u00e1 b\u0103ng” th\u1ecb tr\u01b0\u1eddng b\u1ea5t \u0111\u1ed9ng s\u1ea3n, \u0111\u1ed3ng th\u1eddi ho\u1ea1t \u0111\u1ed9ng xu\u1ea5t kh\u1ea9u ph\u1ee5c h\u1ed3i \u0111\u00e3 th\u00fac \u0111\u1ea9y s\u1ef1 t\u0103ng tr\u01b0\u1edfng ti\u00eau d\u00f9ng trong n\u01b0\u1edbc. Nh\u1edd \u0111\u00f3, c\u00e1c ng\u00e2n h\u00e0ng ghi nh\u1eadn s\u1ef1 c\u1ea3i thi\u1ec7n t\u0103ng tr\u01b0\u1edfng t\u00edn d\u1ee5ng c\u0169ng nh\u01b0 l\u1ee3i nhu\u1eadn sau thu\u1ebf trong n\u0103m 2024.<\/p>\n

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(Ngu\u1ed3n: Fiinpro, PHFM)<\/figcaption><\/figure>\n

\u0110\u1ed1i m\u1eb7t m\u1ed9t v\u00e0i th\u00e1ch th\u1ee9c, NIM gi\u1ea3m nh\u01b0ng v\u1eabn trong k\u1ef3 v\u1ecdng<\/strong><\/p>\n

Trong c\u00e1c qu\u00fd \u0111\u1ea7u n\u0103m 2025, bi\u00ean l\u00e3i r\u00f2ng (NIM) ti\u1ebfp t\u1ee5c xu h\u01b0\u1edbng gi\u1ea3m \u0111\u00e3 h\u00ecnh th\u00e0nh trong giai \u0111o\u1ea1n 2023\u20132024. NIM ch\u1ecbu \u00e1p l\u1ef1c l\u1edbn do chi ph\u00ed huy \u0111\u1ed9ng t\u0103ng l\u00ean trong b\u1ed1i c\u1ea3nh t\u0103ng tr\u01b0\u1edfng ti\u1ec1n g\u1eedi ch\u1eadm h\u01a1n t\u0103ng tr\u01b0\u1edfng t\u00edn d\u1ee5ng. \u1ede chi\u1ec1u cho vay, c\u00e1c ng\u00e2n h\u00e0ng bu\u1ed9c ph\u1ea3i duy tr\u00ec m\u1eb7t b\u1eb1ng l\u00e3i su\u1ea5t cho vay \u1edf m\u1ee9c th\u1ea5p, m\u1ed9t ph\u1ea7n do y\u00eau c\u1ea7u t\u1eeb ch\u00ednh ph\u1ee7 nh\u1eb1m h\u1ed7 tr\u1ee3 n\u1ec1n kinh t\u1ebf, v\u00e0 m\u1ed9t ph\u1ea7n do c\u1ea1nh tranh gay g\u1eaft trong b\u1ed1i c\u1ea3nh nhu c\u1ea7u t\u00edn d\u1ee5ng v\u1eabn y\u1ebfu. Trong khi \u0111\u00f3, c\u00e1c m\u1ea3ng cho vay c\u00f3 l\u1ee3i su\u1ea5t cao nh\u01b0 t\u00edn d\u1ee5ng ti\u00eau d\u00f9ng v\u00e0 vay mua nh\u00e0 v\u1eabn ch\u01b0a ph\u1ee5c h\u1ed3i m\u1ea1nh nh\u01b0 k\u1ef3 v\u1ecdng, khi\u1ebfn nhi\u1ec1u ng\u00e2n h\u00e0ng chuy\u1ec3n h\u01b0\u1edbng \u01b0u ti\u00ean c\u00e1c kho\u1ea3n vay ng\u1eafn h\u1ea1n, \u00edt r\u1ee7i ro h\u01a1n. Tuy nhi\u00ean, \u0111i\u1ec1u n\u00e0y kh\u00f4ng qu\u00e1 b\u1ea5t ng\u1edd, b\u1edfi NIM \u0111\u00e3 t\u0103ng v\u1ecdt trong giai \u0111o\u1ea1n 2021\u20132022 nh\u1edd v\u00e0o bong b\u00f3ng b\u1ea5t \u0111\u1ed9ng s\u1ea3n, v\u00e0 hi\u1ec7n \u0111ang tr\u1edf l\u1ea1i m\u1ee9c b\u00ecnh th\u01b0\u1eddng tr\u01b0\u1edbc COVID. Theo quan \u0111i\u1ec3m c\u1ee7a ch\u00fang t\u00f4i, c\u00e1c ng\u00e2n h\u00e0ng qu\u1ed1c doanh, v\u1edbi l\u1ee3i th\u1ebf chi ph\u00ed v\u1ed1n th\u1ea5p v\u00e0 c\u00e1c ng\u00e2n h\u00e0ng t\u01b0 nh\u00e2n c\u00f3 ch\u1ea5t l\u01b0\u1ee3ng t\u00e0i s\u1ea3n v\u1eefng ch\u1eafc s\u1ebd c\u00f3 kh\u1ea3 n\u0103ng ch\u1ed1ng ch\u1ecbu t\u1ed1t nh\u1ea5t trong b\u1ed1i c\u1ea3nh hi\u1ec7n t\u1ea1i.<\/p>\n

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(Ngu\u1ed3n: Fiinpro, PHFM)<\/figcaption><\/figure>\n

Chuy\u1ec3n \u0111\u1ed5i s\u1ed1 th\u00fac \u0111\u1ea9y ti\u1ebft gi\u1ea3m chi ph\u00ed<\/strong><\/p>\n

B\u1eb1ng c\u00e1ch t\u0103ng c\u01b0\u1eddng qu\u1ea3n tr\u1ecb v\u00e0 n\u00e2ng c\u1ea5p h\u1ea1 t\u1ea7ng c\u00f4ng ngh\u1ec7 th\u00f4ng tin, c\u00e1c ng\u00e2n h\u00e0ng \u0111\u00e3 gi\u1ea3m ch\u1ec9 s\u1ed1 chi ph\u00ed tr\u00ean thu nh\u1eadp (CIR) t\u1eeb 50% xu\u1ed1ng c\u00f2n 33% v\u00e0 c\u1ea3i thi\u1ec7n t\u1ef7 l\u1ec7 CASA (ti\u1ec1n g\u1eedi kh\u00f4ng k\u1ef3 h\u1ea1n) trong th\u1eadp k\u1ef7 qua. \u0110\u1ea1i d\u1ecbch COVID-19 c\u00e0ng th\u00fac \u0111\u1ea9y qu\u00e1 tr\u00ecnh chuy\u1ec3n \u0111\u1ed5i n\u00e0y. N\u0103m 2020, Ng\u00e2n h\u00e0ng Nh\u00e0 n\u01b0\u1edbc Vi\u1ec7t Nam ch\u00ednh th\u1ee9c ph\u00ea duy\u1ec7t eKYC (\u0111\u1ecbnh danh kh\u00e1ch h\u00e0ng \u0111i\u1ec7n t\u1eed), cho ph\u00e9p c\u00e1c ng\u00e2n h\u00e0ng cung c\u1ea5p d\u1ecbch v\u1ee5 s\u1ed1 ho\u00e0n to\u00e0n m\u00e0 kh\u00f4ng c\u1ea7n kh\u00e1ch h\u00e0ng \u0111\u1ebfn chi nh\u00e1nh. Vi\u1ec7c t\u00edch h\u1ee3p c\u00f4ng ngh\u1ec7 s\u1ed1 \u0111\u00e3 gi\u00fap c\u00e1c ng\u00e2n h\u00e0ng thu h\u00fat l\u01b0\u1ee3ng l\u1edbn kh\u00e1ch h\u00e0ng m\u1edbi. Qu\u00e1 tr\u00ecnh s\u1ed1 h\u00f3a nhanh ch\u00f3ng \u0111\u00e3 l\u00e0m thay \u0111\u1ed5i c\u0103n b\u1ea3n c\u00e1ch ng\u01b0\u1eddi d\u00e2n th\u1ef1c hi\u1ec7n c\u00e1c giao d\u1ecbch thanh to\u00e1n h\u00e0ng ng\u00e0y. \u0110\u1ebfn n\u0103m 2024, 87% ng\u01b0\u1eddi tr\u01b0\u1edfng th\u00e0nh tr\u00ean to\u00e0n qu\u1ed1c \u0111\u00e3 c\u00f3 t\u00e0i kho\u1ea3n ng\u00e2n h\u00e0ng, t\u0103ng m\u1ea1nh so v\u1edbi m\u1ee9c ch\u1ec9 31% v\u00e0o n\u0103m 2019, v\u00e0 s\u1ed1 ng\u01b0\u1eddi d\u00f9ng v\u00ed \u0111i\u1ec7n t\u1eed \u0111\u00e3 t\u0103ng t\u1eeb 12 tri\u1ec7u l\u00ean 50 tri\u1ec7u v\u00e0o cu\u1ed1i n\u0103m 2024. S\u1ef1 t\u0103ng tr\u01b0\u1edfng \u1ea5n t\u01b0\u1ee3ng n\u00e0y cho th\u1ea5y xu h\u01b0\u1edbng chuy\u1ec3n d\u1ecbch sang c\u00e1c t\u01b0\u01a1ng t\u00e1c k\u1ef9 thu\u1eadt s\u1ed1, khi c\u00e1c ng\u00e2n h\u00e0ng \u0111\u1ea9y m\u1ea1nh h\u1ee3p t\u00e1c v\u1edbi fintech v\u00e0 ph\u00e1t tri\u1ec3n c\u00e1c m\u00f4 h\u00ecnh doanh thu m\u1edbi d\u1ef1a tr\u00ean n\u1ec1n t\u1ea3ng di \u0111\u1ed9ng nh\u1eb1m t\u0103ng c\u01b0\u1eddng m\u1ee9c \u0111\u1ed9 g\u1eafn k\u1ebft v\u1edbi kh\u00e1ch h\u00e0ng v\u00e0 hi\u1ec7u qu\u1ea3 t\u00e0i ch\u00ednh. Ngo\u00e0i ra, c\u00e1c ng\u00e2n h\u00e0ng Vi\u1ec7t Nam c\u0169ng \u0111ang ng\u00e0y c\u00e0ng \u1ee9ng d\u1ee5ng tr\u00ed tu\u1ec7 nh\u00e2n t\u1ea1o (AI) \u0111\u1ec3 n\u00e2ng cao hi\u1ec7u qu\u1ea3 ti\u1ebfp th\u1ecb v\u00e0 tr\u1ea3i nghi\u1ec7m kh\u00e1ch h\u00e0ng.<\/p>\n

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(Ngu\u1ed3n: Fiinpro, PHFM)<\/figcaption><\/figure>\n

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Tri\u1ec3n v\u1ecdng l\u1ea1c quan v\u00e0<\/strong> \u0111\u1ecbnh gi\u00e1 h\u1ea5p d\u1eabn <\/strong><\/p>\n

T\u1ef7 l\u1ec7 n\u1ee3 x\u1ea5u (NPL) v\u00e0 n\u1ee3 t\u00e1i c\u01a1 c\u1ea5u \u0111\u00e3 t\u0103ng m\u1ea1nh trong giai \u0111o\u1ea1n 2023\u20132024 do \u1ea3nh h\u01b0\u1edfng k\u00e9o d\u00e0i c\u1ee7a \u0111\u1ea1i d\u1ecbch COVID-19, cu\u1ed9c kh\u1ee7ng ho\u1ea3ng thanh kho\u1ea3n n\u0103m 2022 v\u00e0 h\u1ec7 qu\u1ea3 t\u1eeb bong b\u00f3ng b\u1ea5t \u0111\u1ed9ng s\u1ea3n. M\u1eb7c d\u00f9 m\u00f4i tr\u01b0\u1eddng n\u1ee3 x\u1ea5u hi\u1ec7n t\u1ea1i c\u00f3 th\u1ec3 g\u1ee3i nh\u1edb \u0111\u1ebfn giai \u0111o\u1ea1n 2013\u20132015 c\u1ee7a chu k\u1ef3 kinh t\u1ebf tr\u01b0\u1edbc, nh\u01b0ng c\u00e1c ng\u00e2n h\u00e0ng hi\u1ec7n c\u00f3 t\u1ef7 l\u1ec7 d\u1ef1 ph\u00f2ng r\u1ee7i ro cao h\u01a1n (t\u1ef7 l\u1ec7 bao ph\u1ee7 n\u1ee3 x\u1ea5u) v\u00e0 n\u1ec1n t\u1ea3ng kinh t\u1ebf v\u0129 m\u00f4 v\u1eefng m\u1ea1nh h\u01a1n, h\u1ee9a h\u1eb9n t\u1ea1o ra t\u0103ng tr\u01b0\u1edfng l\u1ee3i nhu\u1eadn t\u1ed1t h\u01a1n cho ng\u00e0nh ng\u00e2n h\u00e0ng trong chu k\u1ef3 m\u1edbi v\u1edbi t\u0103ng tr\u01b0\u1edfng t\u00edn d\u1ee5ng m\u1ea1nh m\u1ebd, k\u1ef3 v\u1ecdng c\u00e1c ng\u00e2n h\u00e0ng c\u00f3 th\u1ebb \u0111\u1ea1t m\u1ee9c t\u0103ng tr\u01b0\u1edfng l\u1ee3i nhu\u1eadn t\u1ed1t trong giai \u0111o\u1ea1n 2025\u20132027.<\/p>\n

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(Ngu\u1ed3n: Fiinpro, PHFM)<\/figcaption><\/figure>\n

Ch\u00fang t\u00f4i nh\u1eadn th\u1ea5y m\u1ed9t s\u1ed1 kh\u00f3 kh\u0103n ng\u1eafn h\u1ea1n trong ng\u00e0nh ng\u00e2n h\u00e0ng, tuy nhi\u00ean n\u1ec1n kinh t\u1ebf \u0111ang ph\u1ee5c h\u1ed3i t\u00edch c\u1ef1c, do \u0111\u00f3 ch\u00fang t\u00f4i k\u1ef3 v\u1ecdng tri\u1ec3n v\u1ecdng c\u1ee7a ng\u00e0nh ng\u00e2n h\u00e0ng Vi\u1ec7t Nam s\u1ebd \u0111\u01b0\u1ee3c c\u1ea3i thi\u1ec7n. V\u1ec1 d\u00e0i h\u1ea1n, ng\u00e0nh ng\u00e2n h\u00e0ng Vi\u1ec7t Nam v\u1eabn c\u00f2n ti\u1ec1m n\u0103ng t\u0103ng tr\u01b0\u1edfng cao trong 3\u20135 n\u0103m t\u1edbi, v\u1edbi m\u1ee9c t\u0103ng tr\u01b0\u1edfng l\u1ee3i nhu\u1eadn trung b\u00ecnh kho\u1ea3ng 20% m\u1ed7i n\u0103m, \u0111\u01b0\u1ee3c h\u1ed7 tr\u1ee3 b\u1edfi: T\u0103ng tr\u01b0\u1edfng t\u00edn d\u1ee5ng m\u1ea1nh m\u1ebd<\/strong>, <\/strong>s\u1ef1 \u0111a d\u1ea1ng h\u00f3a sang c\u00e1c d\u1ecbch v\u1ee5 thu ph\u00ed<\/strong>, <\/strong>qu\u1ea3n tr\u1ecb chi ph\u00ed ti\u1ebfp t\u1ee5c \u0111\u01b0\u1ee3c c\u1ea3i thi\u1ec7n<\/strong>. <\/strong>Hi\u1ec7n t\u1ea1i, d\u00f9 h\u1ec7 s\u1ed1 P\/B c\u1ee7a ng\u00e0nh ng\u00e2n h\u00e0ng Vi\u1ec7t Nam c\u00f3 ph\u1ea7n cao h\u01a1n so v\u1edbi m\u1ed9t s\u1ed1 n\u01b0\u1edbc ch\u00e2u \u00c1 kh\u00e1c, nh\u01b0ng m\u1ee9c \u0111\u1ecbnh gi\u00e1 v\u1eabn h\u1ea5p d\u1eabn nh\u1edd v\u00e0o: ti\u1ec1m n\u0103ng t\u0103ng tr\u01b0\u1edfng l\u1ee3i nhu\u1eadn \u0111\u00e1ng k\u1ec3 trong 5 n\u0103m t\u1edbi<\/strong>, <\/strong>t\u1ef7 su\u1ea5t l\u1ee3i nhu\u1eadn tr\u00ean v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu (ROE) \u1ea5n t\u01b0\u1ee3ng<\/strong>, <\/strong>t\u1ef7 l\u1ec7 n\u1ee3 x\u1ea5u (NPL) v\u00e0 t\u1ef7 l\u1ec7 bao ph\u1ee7 n\u1ee3 x\u1ea5u (LLCR) \u0111\u01b0\u1ee3c c\u1ea3i thi\u1ec7n r\u00f5 r\u1ec7t so v\u1edbi chu k\u1ef3 tr\u01b0\u1edbc<\/strong>.<\/strong><\/p>\n

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(Ngu\u1ed3n: Fiinpro, PHFM)<\/figcaption><\/figure>\n

 <\/p>\n

Ph\u00f9ng Minh Ho\u00e0ng \u2013 Ph\u00f2ng \u0111\u1ea7u t\u01b0, PHFM<\/em><\/p>","protected":false},"excerpt":{"rendered":"

Ng\u00e0nh ng\u00e2n h\u00e0ng Vi\u1ec7t Nam: M\u1ed9t th\u1eadp k\u1ef7 nh\u00ecn l\u1ea1i v\u00e0 tri\u1ec3n v\u1ecdng chu k\u1ef3 m\u1edbi     Ng\u00e0nh ng\u00e2n h\u00e0ng l\u00e0 tr\u1ee5 c\u1ed9t c\u1ee7a n\u1ec1n kinh t\u1ebf c\u0169ng nh\u01b0 th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n, chi\u1ebfm h\u01a1n 30% v\u1ed1n h\u00f3a th\u1ecb tr\u01b0\u1eddng v\u00e0 h\u01a1n 50% t\u1ed5ng l\u1ee3i nhu\u1eadn to\u00e0n th\u1ecb tr\u01b0\u1eddng. Nh\u00ecn l\u1ea1i chu k\u1ef3 kinh…<\/p>\n","protected":false},"author":10,"featured_media":13658,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[103,182,105],"tags":[175,173,174,176,177,178],"_links":{"self":[{"href":"https:\/\/www.phfm.vn\/vi\/wp-json\/wp\/v2\/posts\/13657"}],"collection":[{"href":"https:\/\/www.phfm.vn\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.phfm.vn\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.phfm.vn\/vi\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/www.phfm.vn\/vi\/wp-json\/wp\/v2\/comments?post=13657"}],"version-history":[{"count":1,"href":"https:\/\/www.phfm.vn\/vi\/wp-json\/wp\/v2\/posts\/13657\/revisions"}],"predecessor-version":[{"id":13674,"href":"https:\/\/www.phfm.vn\/vi\/wp-json\/wp\/v2\/posts\/13657\/revisions\/13674"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.phfm.vn\/vi\/wp-json\/wp\/v2\/media\/13658"}],"wp:attachment":[{"href":"https:\/\/www.phfm.vn\/vi\/wp-json\/wp\/v2\/media?parent=13657"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.phfm.vn\/vi\/wp-json\/wp\/v2\/categories?post=13657"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.phfm.vn\/vi\/wp-json\/wp\/v2\/tags?post=13657"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}