![](\"https:\/\/dntieubieuna.vn\/images_upload\/small_2461.jpg\")
<\/A><\/FONT><\/P>Trong b\u00e1o c\u00e1o v\u1ec1 tri\u1ec3n v\u1ecdng kinh t\u1ebf v\u0129 m\u00f4 Vi\u1ec7t Nam, Ng\u00e2n h\u00e0ng (NH) Standard Chartered nh\u1eadn \u0111\u1ecbnh Vi\u1ec7t Nam s\u1ebd ti\u1ebfp t\u1ee5c gi\u1ea3m th\u00eam 1% l\u00e3i su\u1ea5t trong qu\u00fd III\/2012, k\u00e9o theo l\u00e3i su\u1ea5t c\u01a1 b\u1ea3n gi\u1ea3m xu\u1ed1ng 9% v\u00e0o cu\u1ed1i n\u0103m 2012. NH HSBC v\u00e0 JPMorgan Chase c\u0169ng \u0111\u01b0a ra d\u1ef1 b\u00e1o t\u1eeb nay \u0111\u1ebfn cu\u1ed1i n\u0103m, Vi\u1ec7t Nam s\u1ebd gi\u1ea3m l\u00e3i su\u1ea5t th\u00eam 2%.<\/FONT><\/P>Gi\u1ea3m nh\u01b0ng th\u1eadn tr\u1ecdng<\/FONT><\/STRONG><\/P>Theo TS L\u00ea Xu\u00e2n Ngh\u0129a, nguy\u00ean ph\u00f3 ch\u1ee7 t\u1ecbch \u1ee6y ban Gi\u00e1m s\u00e1t T\u00e0i ch\u00ednh qu\u1ed1c gia, Vi\u1ec7t Nam v\u1eabn c\u00f2n d\u01b0 \u0111\u1ecba gi\u1ea3m l\u00e3i su\u1ea5t. L\u1ea1m ph\u00e1t \u0111\u00e3 th\u1ea5p xa so v\u1edbi ch\u1ec9 ti\u00eau \u0111\u1eb7t ra (d\u1ef1 b\u00e1o l\u1ea1m ph\u00e1t c\u1ea3 n\u0103m th\u1ea5p nh\u1ea5t l\u00e0 4,6%, cao nh\u1ea5t 6%) \u0111\u00f2i h\u1ecfi ph\u1ea3i c\u00f3 s\u1ef1 linh ho\u1ea1t trong \u0111i\u1ec1u h\u00e0nh ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7. \u201cV\u1ea5n \u0111\u1ec1 n\u00f3ng nh\u1ea5t hi\u1ec7n nay l\u00e0 ti\u1ebfp t\u1ee5c h\u1ea1 l\u00e3i su\u1ea5t hay d\u1eebng l\u1ea1i \u1edf m\u1ee9c tr\u1ea7n 11% nh\u01b0 hi\u1ec7n nay\u201d – TS L\u00ea Xu\u00e2n Ngh\u0129a nh\u1eadn \u0111\u1ecbnh.<\/FONT><\/P>Theo chuy\u00ean gia kinh t\u1ebf n\u00e0y, Vi\u1ec7t Nam \u0111\u00e3 c\u00f3 th\u1eddi gian d\u00e0i duy tr\u00ec l\u00e3i su\u1ea5t n\u1ed9i t\u1ec7 cao h\u01a1n nhi\u1ec1u so v\u1edbi l\u00e3i su\u1ea5t ngo\u1ea1i t\u1ec7. C\u1ee5 th\u1ec3 l\u00e0 tr\u1ea7n l\u00e3i su\u1ea5t huy \u0111\u1ed9ng n\u1ed9i t\u1ec7 l\u00e0 14% (th\u1ef1c t\u1ebf c\u00f2n cao h\u01a1n) trong khi l\u00e3i su\u1ea5t huy \u0111\u1ed9ng ngo\u1ea1i t\u1ec7 ch\u1ec9 2%\/n\u0103m. S\u1ef1 ch\u00eanh l\u1ec7ch r\u1ea5t l\u1edbn n\u00e0y khi\u1ebfn doanh nghi\u1ec7p, d\u00e2n c\u01b0 v\u00e0 NH th\u01b0\u01a1ng m\u1ea1i chuy\u1ec3n tr\u1ea1ng th\u00e1i t\u00e0i s\u1ea3n, b\u00e1n ngo\u1ea1i t\u1ec7 chuy\u1ec3n sang n\u1ed9i t\u1ec7. Trong qu\u00fd IV\/2011, nhi\u1ec1u NH th\u01b0\u01a1ng m\u1ea1i duy tr\u00ec tr\u1ea1ng th\u00e1i ngo\u1ea1i t\u1ec7 \u00e2m. C\u00f9ng v\u1edbi xu h\u01b0\u1edbng gi\u1ea3m m\u1ea1nh nh\u1eadp kh\u1ea9u, NH Nh\u00e0 n\u01b0\u1edbc (NHNN) \u0111\u00e3 c\u00f3 \u0111i\u1ec1u ki\u1ec7n t\u0103ng m\u1ea1nh d\u1ef1 tr\u1eef ngo\u1ea1i h\u1ed1i.<\/FONT><\/P>D\u01b0 \u0111\u1ecba gi\u1ea3m l\u00e3i su\u1ea5t v\u1eabn c\u00f2n, gi\u1ea3 s\u1eed gi\u1ea3m l\u00e3i su\u1ea5t huy \u0111\u1ed9ng xu\u1ed1ng 9%\/n\u0103m, l\u00e3i su\u1ea5t ngo\u1ea1i t\u1ec7 v\u1eabn l\u00e0 2% \u1ee9ng v\u1edbi k\u1ecbch b\u1ea3n l\u1ea1m ph\u00e1t c\u1ea3 n\u0103m 5% th\u00ec d\u01b0 \u0111\u1ecba gi\u1ea3m l\u00e3i su\u1ea5t l\u00e0 3%. N\u1ebfu t\u00ednh theo l\u1ea1m ph\u00e1t \u1edf m\u1ee9c 6% th\u00ec d\u01b0 \u0111\u1ecba gi\u1ea3m l\u00e3i su\u1ea5t l\u00e0 2%. Tuy nhi\u00ean, d\u01b0 \u0111\u1ecba n\u00e0y kh\u00e1 mong manh v\u00ec gi\u1ea3m th\u00eam 1% l\u00e3i su\u1ea5t c\u00f3 th\u1ec3 kh\u00f4ng c\u00f3 d\u1ecbch chuy\u1ec3n l\u1edbn nh\u01b0ng v\u1eabn ph\u1ea3i th\u1eadn tr\u1ecdng v\u00ec khi \u0111\u00f3, ng\u00e2n h\u00e0ng th\u01b0\u01a1ng m\u1ea1i c\u00f3 th\u1ec3 d\u1ec5 chuy\u1ec3n t\u1eeb tr\u1ea1ng th\u00e1i \u00e2m ngo\u1ea1i t\u1ec7 sang d\u01b0\u01a1ng ngo\u1ea1i t\u1ec7. C\u00f2n l\u00e3i su\u1ea5t gi\u1ea3m xu\u1ed1ng 8%\/n\u0103m, r\u1ea5t c\u00f3 th\u1ec3 ng\u01b0\u1eddi d\u00e2n s\u1ebd chuy\u1ec3n sang tr\u1ea1ng th\u00e1i ng\u01b0\u1ee3c l\u1ea1i l\u00e0 ch\u1ed1i b\u1ecf n\u1ed9i t\u1ec7. Di\u1ec5n bi\u1ebfn m\u1edbi tr\u00ean th\u1ecb tr\u01b0\u1eddng hi\u1ec7n nay l\u00e0 kh\u00f4ng c\u00f2n r\u00f5 xu h\u01b0\u1edbng chuy\u1ec3n d\u1ecbch ngo\u1ea1i t\u1ec7 sang n\u1ed9i t\u1ec7 n\u1eefa, thay v\u00e0o \u0111\u00f3 l\u00e0 tr\u1ea1ng th\u00e1i gi\u1eb1ng co ho\u1eb7c h\u00ecnh th\u00e0nh xu h\u01b0\u1edbng ng\u01b0\u1ee3c l\u1ea1i. Do \u0111\u00f3, NHNN s\u1ebd r\u1ea5t th\u1eadn tr\u1ecdng trong \u0111i\u1ec1u h\u00e0nh gi\u1ea3m l\u00e3i su\u1ea5t nh\u1eefng th\u00e1ng cu\u1ed1i n\u0103m.<\/FONT><\/P>N\u1ee3 x\u1ea5u ng\u00e1ng \u0111\u01b0\u1eddng t\u0103ng tr\u01b0\u1edfng<\/FONT><\/STRONG><\/P>\u0110\u1ec3 c\u1ee9u doanh nghi\u1ec7p, th\u00fac \u0111\u1ea9y t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf, NHNN \u0111ang \u00e9p l\u00e3i su\u1ea5t cho vay xu\u1ed1ng m\u1eb7t b\u1eb1ng 15%, duy tr\u00ec trong v\u00f2ng m\u1ed9t n\u0103m. Tuy nhi\u00ean, \u0111\u00e2y v\u1eabn ch\u1ec9 l\u00e0 gi\u1ea3i ph\u00e1p h\u00e0nh ch\u00ednh, ch\u01b0a th\u1ec3 c\u1ea3i thi\u1ec7n \u0111\u01b0\u1ee3c t\u00ecnh tr\u1ea1ng suy ki\u1ec7t t\u00edn d\u1ee5ng \u0111ang di\u1ec5n ra trong 7 th\u00e1ng \u0111\u1ea7u n\u0103m. Nguy\u00ean nh\u00e2n c\u1ee7a t\u00ecnh tr\u1ea1ng n\u00e0y l\u00e0 n\u1ee3 x\u1ea5u. T\u1ed5ng n\u1ee3 x\u1ea5u c\u1ee7a c\u1ea3 h\u1ec7 th\u1ed1ng NH \u0111\u00e3 l\u00ean \u0111\u1ebfn 202.000 t\u1ec9 \u0111\u1ed3ng, chi\u1ebfm 8,6% t\u1ed5ng d\u01b0 n\u1ee3.<\/FONT><\/P>N\u1ebfu Ch\u00ednh ph\u1ee7 kh\u00f4ng v\u00e0o cu\u1ed9c m\u00e0 \u0111\u1ec3 NH t\u1ef1 x\u1eed l\u00fd m\u1ed7i n\u0103m ch\u1ec9 gi\u1ea3i quy\u1ebft \u0111\u01b0\u1ee3c nhi\u1ec1u nh\u1ea5t l\u00e0 2% v\u00e0 nh\u01b0 v\u1eady c\u1ea7n 4-5 n\u0103m m\u1edbi gi\u1ea3i quy\u1ebft xong n\u1ee3 x\u1ea5u. Trong th\u1eddi gian n\u00e0y, c\u00e1c NH th\u01b0\u01a1ng m\u1ea1i s\u1ebd kh\u00f4ng t\u0103ng t\u00edn d\u1ee5ng ho\u1eb7c ki\u1ec3m so\u00e1t r\u1ea5t nghi\u00eam ng\u1eb7t t\u00edn d\u1ee5ng m\u1edbi, duy tr\u00ec l\u00e3i su\u1ea5t cho vay cao \u0111\u1ec3 b\u00f9 \u0111\u1eafp n\u1ee3 x\u1ea5u m\u00e0 h\u1ecd ph\u1ea3i g\u00e1nh. Nh\u01b0 v\u1eady s\u1ebd d\u1eabn \u0111\u1ebfn \u0111\u00ecnh \u0111\u1ed1n s\u1ea3n xu\u1ea5t, kh\u00f3 t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf.
<\/FONT>
Theo TS V\u00f5 Tr\u00ed Th\u00e0nh, Ph\u00f3 Vi\u1ec7n tr\u01b0\u1edfng Vi\u1ec7n Nghi\u00ean c\u1ee9u v\u00e0 Qu\u1ea3n l\u00fd Kinh t\u1ebf Trung \u01b0\u01a1ng, mu\u1ed1n t\u0103ng tr\u01b0\u1edfng c\u1ea7n ph\u1ea3i kh\u01a1i th\u00f4ng t\u00edn d\u1ee5ng m\u00e0 gi\u1ea3i ph\u00e1p quan tr\u1ecdng \u0111\u1ec3 lu\u1ed3ng ti\u1ec1n kh\u00f4ng t\u1eafc ngh\u1ebdn l\u00e0 quy\u1ebft li\u1ec7t x\u1eed l\u00fd n\u1ee3 x\u1ea5u v\u00e0 \u0111\u1ea9y m\u1ea1nh b\u1ea3o l\u00e3nh t\u00edn d\u1ee5ng cho doanh nghi\u1ec7p nh\u1ecf v\u00e0 v\u1eeba. N\u1ebfu n\u1edbi t\u00edn d\u1ee5ng \u0111\u1ec3 \u0111\u1ea1t m\u1ee5c ti\u00eau t\u0103ng tr\u01b0\u1edfng sau khi \u0111\u00e3 si\u1ebft qu\u00e1 m\u1ea1nh th\u00ec r\u1ea5t d\u1ec5 \u0111\u1ea9y n\u1ec1n kinh t\u1ebf v\u00e0o nguy c\u01a1 l\u1ea1m ph\u00e1t cao, t\u1ea1o ra nh\u1eefng c\u00fa s\u1ed1c nh\u01b0 \u0111\u00e3 t\u1eebng x\u1ea3y ra. C\u00e1c chuy\u00ean gia t\u00ednh to\u00e1n n\u1ebfu \u0111\u1ea9y t\u00edn d\u1ee5ng ra th\u1eadt m\u1ea1nh, kho\u1ea3ng 2%\/th\u00e1ng trong 6 th\u00e1ng cu\u1ed1i n\u0103m th\u00ec GDP c\u1ea3 n\u0103m s\u1ebd \u0111\u1ea1t kho\u1ea3ng 5,5% – 5,6%, l\u1ea1m ph\u00e1t (s\u1ebd di\u1ec5n ra 5 th\u00e1ng sau \u0111\u00f3) s\u1ebd \u1edf m\u1ee9c 1% – 2%\/th\u00e1ng v\u00e0 l\u1ea1m ph\u00e1t cao s\u1ebd b\u00f9ng tr\u1edf l\u1ea1i nh\u01b0 n\u0103m 2011.
Theo InfoTV<\/EM><\/STRONG><\/FONT><\/P><\/p>\n","protected":false},"excerpt":{"rendered":"Quan s\u00e1t th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh v\u00e0i tu\u1ea7n qua, c\u00e1c chuy\u00ean gia kinh t\u1ebf v\u00e0 t\u1ed5 ch\u1ee9c t\u00e0i ch\u00ednh cho r\u1eb1ng \u0111ang c\u00f3 t\u00edn hi\u1ec7u c\u1ee7a m\u1ed9t \u0111\u1ee3t gi\u1ea3m l\u00e3i su\u1ea5t ti\u1ebfp theo, m\u1ee9c \u0111\u1ed9 gi\u1ea3m s\u1ebd kh\u00f4ng c\u00f2n m\u1ea1nh nh\u01b0 n\u1eeda \u0111\u1ea7u n\u0103m 2012.Trong b\u00e1o c\u00e1o v\u1ec1 tri\u1ec3n v\u1ecdng kinh t\u1ebf v\u0129 m\u00f4 Vi\u1ec7t […]<\/p>\n","protected":false},"author":2,"featured_media":19744,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[63],"tags":[],"_links":{"self":[{"href":"https:\/\/dntieubieuna.vn\/index.php?rest_route=\/wp\/v2\/posts\/19751"}],"collection":[{"href":"https:\/\/dntieubieuna.vn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dntieubieuna.vn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dntieubieuna.vn\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dntieubieuna.vn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19751"}],"version-history":[{"count":0,"href":"https:\/\/dntieubieuna.vn\/index.php?rest_route=\/wp\/v2\/posts\/19751\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dntieubieuna.vn\/index.php?rest_route=\/wp\/v2\/media\/19744"}],"wp:attachment":[{"href":"https:\/\/dntieubieuna.vn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dntieubieuna.vn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dntieubieuna.vn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![](\"javascript:openImage('\/images_upload\/small_2461.jpg');\")
<\/A><\/FONT><\/P>