{"id":5771,"date":"2021-03-16T17:17:45","date_gmt":"2023-02-12T10:17:45","guid":{"rendered":"https:\/\/ceco.vn\/lam-phat-qua-thap-se-lam-suy-yeu-kha-nang-chong-do-cua-doanh-nghiep\/"},"modified":"2021-03-16T17:17:45","modified_gmt":"2023-02-12T10:17:45","slug":"lam-phat-qua-thap-se-lam-suy-yeu-kha-nang-chong-do-cua-doanh-nghiep","status":"publish","type":"post","link":"https:\/\/ceco.com.vn\/en\/lam-phat-qua-thap-se-lam-suy-yeu-kha-nang-chong-do-cua-doanh-nghiep\/","title":{"rendered":"\u201cL\u1ea1m ph\u00e1t qu\u00e1 th\u1ea5p s\u1ebd l\u00e0m suy y\u1ebfu kh\u1ea3 n\u0103ng ch\u1ed1ng \u0111\u1ee1 c\u1ee7a doanh nghi\u1ec7p\u201d"},"content":{"rendered":"
\n

\u0110\u00f3 l\u00e0 quan \u0111i\u1ec3m c\u1ee7a TS. B\u00f9i Quang T\u00edn, gi\u1ea3ng vi\u00ean tr\u01b0\u1eddng \u0110\u1ea1i h\u1ecdc Ng\u00e2n h\u00e0ng TP. H\u1ed3 Ch\u00ed Minh v\u1ec1 nh\u1eefng r\u1ee7i ro c\u1ee7a h\u1ec7 th\u1ed1ng t\u00e0i ch\u00ednh v\u00e0 n\u1ec1n kinh t\u1ebf.<\/p>\n

Ch\u00fang t\u00f4i xin \u0111\u01b0\u1ee3c \u0111\u0103ng t\u1ea3i nguy\u00ean v\u0103n b\u00e0i vi\u1ebft.<\/em><\/p>\n

Trong th\u1eddi gian qua, ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 \u0111\u00e3 \u0111\u01b0\u1ee3c \u0111i\u1ec1u h\u00e0nh m\u1ed9t c\u00e1ch linh ho\u1ea1t v\u00e0 m\u1ec1m d\u1ebbo v\u1edbi m\u1ee5c ti\u00eau ch\u1ee7 \u0111\u1ea1o l\u00e0 duy tr\u00ec l\u1ea1m ph\u00e1t th\u1ea5p v\u00e0 \u1ed5n \u0111\u1ecbnh, t\u1eeb \u0111\u00f3 \u0111\u00f3ng g\u00f3p quan tr\u1ecdng \u0111\u1ec3 ki\u1ec3m so\u00e1t l\u1ea1m ph\u00e1t, \u1ed5n \u0111\u1ecbnh kinh t\u1ebf v\u0129 m\u00f4.<\/p>\n

T\u1eeb n\u0103m 2011 \u0111\u1ebfn nay, NHNN \u0111\u00e3 lu\u00f4n ki\u00ean \u0111\u1ecbnh theo m\u1ee5c ti\u00eau l\u00e0 \u01b0u ti\u00ean ki\u1ec3m so\u00e1t l\u1ea1m ph\u00e1t, \u1ed5n \u0111\u1ecbnh kinh t\u1ebf v\u0129 m\u00f4, h\u1ed7 tr\u1ee3 t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf h\u1ee3p l\u00fd, \u0111\u1ed3ng th\u1eddi ch\u00fa tr\u1ecdng \u0111\u1ea3m b\u1ea3o an to\u00e0n ho\u1ea1t \u0111\u1ed9ng c\u1ee7a h\u1ec7 th\u1ed1ng ng\u00e2n h\u00e0ng. Tr\u01b0\u1edbc b\u1ed1i c\u1ea3nh l\u1ea1m ph\u00e1t n\u0103m 2011 \u1edf m\u1ee9c cao 18,13%, NHNN \u0111\u00e3 r\u1ea5t n\u1ed5 l\u1ef1c v\u00e0 c\u00f3 nhi\u1ec1u gi\u1ea3i ph\u00e1p \u0111\u1ed3ng b\u1ed9 \u0111\u1ec3 gi\u1ea3m l\u1ea1m ph\u00e1t, s\u1ed1 li\u1ec7u th\u1ef1c t\u1ebf qua c\u00e1c n\u0103m nh\u01b0 sau: 6,81% trong n\u0103m 2012, 6,04% trong n\u0103m 2013 v\u00e0 4,09% trong n\u0103m 2014 (th\u1ea5p h\u01a1n m\u1ee5c ti\u00eau Qu\u1ed1c h\u1ed9i giao t\u1eeb \u0111\u1ea7u n\u0103m 2014 l\u00e0 7%).<\/p>\n

NHNN ti\u1ebfp t\u1ee5c \u0111\u1eb7t m\u1ee5c ti\u00eau ki\u1ec3m so\u00e1t l\u1ea1m ph\u00e1t theo \u0111\u1ecbnh h\u01b0\u1edbng c\u1ee7a Ch\u00ednh ph\u1ee7 cho n\u0103m 2015 l\u00e0 5%. Theo \u0111\u00f3, c\u00e1c gi\u1ea3i ph\u00e1p \u0111i\u1ec1u h\u00e0nh trong ng\u1eafn h\u1ea1n \u0111\u1ec1u nh\u1ea5t qu\u00e1n v\u00e0 kh\u00f4ng \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn m\u1ee5c ti\u00eau xuy\u00ean su\u1ed1t n\u00e0y.<\/p>\n

Trong b\u1ed1i c\u1ea3nh kinh t\u1ebf kh\u00f3 kh\u0103n, t\u0103ng tr\u01b0\u1edfng th\u1ea5p, s\u1ea3n xu\u1ea5t b\u1ecb thu h\u1eb9p do nh\u1eefng \u1ea3nh h\u01b0\u1edfng t\u1eeb kh\u1ee7ng ho\u1ea3ng kinh t\u1ebf t\u00e0i ch\u00ednh to\u00e0n c\u1ea7u v\u00e0 qu\u00e1 tr\u00ecnh t\u00e1i c\u01a1 c\u1ea5u m\u1edbi \u0111ang \u0111\u01b0\u1ee3c tri\u1ec3n khai, th\u00ec vi\u1ec7c l\u1ea1m ph\u00e1t \u0111\u01b0\u1ee3c ki\u1ec3m so\u00e1t \u1edf m\u1ee9c th\u1ea5p \u0111\u00e3 \u0111\u00f3ng vai tr\u00f2 quan tr\u1ecdng \u0111\u1ec3 duy tr\u00ec \u1ed5n \u0111\u1ecbnh kinh t\u1ebf v\u0129 m\u00f4, gia t\u0103ng ni\u1ec1m tin v\u00e0o n\u1ec1n kinh t\u1ebf, th\u00fac \u0111\u1ea9y m\u1edf r\u1ed9ng s\u1ea3n xu\u1ea5t kinh doanh.<\/p>\n

Tuy nhi\u00ean, l\u1ea1m ph\u00e1t th\u1ea5p \u0111\u1ea1t \u0111\u01b0\u1ee3c trong b\u1ed1i c\u1ea3nh th\u00e0nh t\u1ef1u \u1ed5n \u0111\u1ecbnh kinh t\u1ebf v\u0129 m\u00f4 ch\u01b0a v\u1eefng ch\u1eafc nh\u01b0 n\u1ee3 c\u00f4ng, n\u1ee3 x\u1ea5u, n\u1ee3 \u0111\u1ecdng (x\u00e2y d\u1ef1ng c\u01a1 b\u1ea3n, thu\u1ebf, n\u1ee3 c\u00e1c doanh nghi\u1ec7p v\u1edbi nhau) c\u00f2n cao; doanh nghi\u1ec7p c\u00f2n nhi\u1ec1u kh\u00f3 kh\u0103n; th\u1ecb tr\u01b0\u1eddng b\u1ea5t \u0111\u1ed9ng s\u1ea3n ch\u01b0a ph\u1ee5c h\u1ed3i, th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n c\u00f2n b\u1ea5p b\u00eanh; m\u00f4 h\u00ecnh t\u0103ng tr\u01b0\u1edfng ch\u01b0a thay \u0111\u1ed5i v\u1edbi t\u00e1i c\u01a1 c\u1ea5u n\u1ec1n kinh t\u1ebf c\u00f2n ch\u1eadm \u0111ang v\u00e0 s\u1ebd t\u1ea1o ra nhi\u1ec1u kh\u00f3 kh\u0103n cho Vi\u1ec7t Nam trong th\u1eddi gian s\u1eafp t\u1edbi. Duy tr\u00ec l\u1ea1m ph\u00e1t th\u1ea5p nh\u01b0 hi\u1ec7n nay l\u00e0 th\u1ef1c s\u1ef1 ch\u01b0a b\u1ec1n v\u1eefng. L\u1ea1m ph\u00e1t \u1edf m\u1ee9c qu\u00e1 th\u1ea5p s\u1ebd l\u00e0m suy y\u1ebfu kh\u1ea3 n\u0103ng ch\u1ed1ng \u0111\u1ee1 c\u1ee7a doanh nghi\u1ec7p tr\u01b0\u1edbc c\u00e1c c\u00fa s\u1ed1c. L\u1ea1m ph\u00e1t v\u00e0 t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf ch\u1ec9 thay \u0111\u1ed5i m\u1ea1nh khi n\u00e0o s\u1ed1 n\u1ee3 x\u1ea5u v\u00e0 nh\u1eefng r\u1ee7i ro trong n\u1ec1n kinh t\u1ebf \u0111\u01b0\u1ee3c x\u1eed l\u00fd v\u00e0 ki\u1ec3m so\u00e1t m\u1ed9t c\u00e1ch tri\u1ec7t \u0111\u1ec3.<\/p>\n

B\u00ean c\u1ea1nh \u0111\u00f3, ch\u00fa tr\u1ecdng qu\u00e1 \u0111\u1ebfn m\u1ee5c ti\u00eau ki\u1ec3m so\u00e1t l\u1ea1m ph\u00e1t s\u1ebd d\u1ec5 d\u1eabn \u0111\u1ebfn vi\u1ec7c t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf d\u01b0\u1edbi ti\u1ec1m n\u0103ng, trong t\u01b0\u01a1ng lai c\u00f3 th\u1ec3 g\u00e2y m\u1ea5t c\u00e2n \u0111\u1ed1i cung – c\u1ea7u h\u00e0ng h\u00f3a v\u00e0 t\u1ea1o ra l\u1ea1m ph\u00e1t do thi\u1ebfu cung. L\u1ea1m ph\u00e1t th\u1ea5p k\u00e9o theo s\u1ee9c mua \u1ef3 \u1ea1ch, ho\u1ea1t \u0111\u1ed9ng kinh t\u1ebf c\u0169ng ng\u01b0ng tr\u1ec7 theo, ng\u01b0\u1eddi ti\u00eau d\u00f9ng t\u1ea1m ho\u00e3n chi ti\u00eau \u0111\u1ec3 ch\u1edd gi\u00e1 gi\u1ea3m s\u00e2u h\u01a1n. Gi\u1edbi doanh nghi\u1ec7p ng\u1eebng \u0111\u1ea7u t\u01b0 v\u00e0 tuy\u1ec3n d\u1ee5ng \u0111\u1ec3 ti\u1ebft ki\u1ec7m chi ph\u00ed.<\/p>\n

L\u1ea1m ph\u00e1t qu\u00e1 th\u1ea5p s\u1ebd \u00a0\u201cg\u1eb7m nh\u1ea5m\u201d doanh s\u1ed1 v\u00e0 ngu\u1ed3n thu thu\u1ebf, c\u1ea3n tr\u1edf vi\u1ec7c t\u0103ng l\u01b0\u01a1ng, \u0103n m\u00f2n l\u00e3i su\u1ea5t c\u1eadn bi\u00ean. Ch\u00fang c\u0169ng \u0111\u00e8 g\u00e1nh n\u1eb7ng n\u1ee3 n\u1ea7n l\u00ean c\u00e1c c\u00f4ng ty v\u00e0 Ch\u00ednh ph\u1ee7. Qu\u1ef9 Ti\u1ec1n t\u1ec7 Qu\u1ed1c t\u1ebf IMF c\u0169ng c\u1ea3nh b\u00e1o r\u1eb1ng k\u1ec3 c\u1ea3 m\u1ed9t giai \u0111o\u1ea1n l\u1ea1m ph\u00e1t \u1ed5n \u0111\u1ecbnh nh\u01b0ng th\u1ea5p c\u0169ng c\u00f3 th\u1ec3 g\u00e2y t\u00e1c h\u1ea1i r\u1ea5t l\u1edbn cho n\u1ec1n kinh t\u1ebf c\u1ee7a m\u1ed9t qu\u1ed1c gia.<\/p>\n

Ngo\u00e0i ra, l\u1ea1m ph\u00e1t th\u1ea5p hi\u1ec7n nay c\u00f2n t\u1ea1o ra nhi\u1ec1u th\u00e1ch th\u1ee9c kh\u00e1c \u0111\u1ed1i v\u1edbi kinh t\u1ebf Vi\u1ec7t Nam nh\u01b0 thu ng\u00e2n s\u00e1ch s\u1ebd kh\u00f3 kh\u0103n h\u01a1n, Ch\u00ednh ph\u1ee7 ti\u1ebfp t\u1ee5c thi\u1ebfu ti\u1ec1n cho \u0111\u1ea7u t\u01b0, tr\u1ea3 n\u1ee3 v\u00e0 th\u1ef1c hi\u1ec7n c\u00e1c nhi\u1ec7m v\u1ee5 c\u1ea3i c\u00e1ch, ph\u00e1t tri\u1ec3n kinh t\u1ebf – x\u00e3 h\u1ed9i. Gi\u00e1 c\u1ea3 th\u1ea5p s\u1ebd kh\u00f4ng khuy\u1ebfn kh\u00edch \u0111\u1ed1i v\u1edbi \u0111\u1ea7u t\u01b0 nh\u00ecn t\u1eeb ph\u01b0\u01a1ng di\u1ec7n ho\u00e0n v\u1ed1n v\u00e0 thu l\u00e3i cao, th\u1ea5t nghi\u1ec7p s\u1ebd t\u0103ng l\u00ean, t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf v\u00ec v\u1eady kh\u00f3 \u0111\u1ea1t \u0111\u01b0\u1ee3c m\u1ee9c \u0111\u1ed9 cao, m\u1ee9c \u0111\u1ed9 t\u1ee5t h\u1eadu so v\u1edbi c\u00e1c n\u01b0\u1edbc v\u00ec v\u1eady ng\u00e0y c\u00e0ng xa.<\/p>\n

L\u1ea1m ph\u00e1t th\u1ea5p n\u1ebfu k\u00e9o d\u00e0i c\u1ed9ng th\u00eam v\u1edbi th\u00e2m h\u1ee5t ng\u00e2n s\u00e1ch li\u00ean ti\u1ebfp th\u00ec r\u1ea5t d\u1ec5 d\u1eabn t\u1edbi suy tho\u00e1i kinh t\u1ebf, ho\u1eb7c hi\u1ec7n t\u01b0\u1ee3ng l\u1ea1m ph\u00e1t cao s\u1ebd quay tr\u1edf l\u1ea1i, ph\u00e1 v\u1ee1 s\u1ef1 \u1ed5n \u0111\u1ecbnh c\u1ee7a c\u00e1c c\u00e2n \u0111\u1ed1i v\u0129 m\u00f4 v\u00e0 kinh t\u1ebf s\u1ebd b\u1ecb r\u1ed1i lo\u1ea1n.<\/p>\n

TS. B\u00f9i Quang T\u00edn<\/strong><\/p>\n

\u200b<\/strong>Theo InfoNet<\/span><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

\u0110\u00f3 l\u00e0 quan \u0111i\u1ec3m c\u1ee7a TS. B\u00f9i Quang T\u00edn, gi\u1ea3ng vi\u00ean tr\u01b0\u1eddng \u0110\u1ea1i h\u1ecdc Ng\u00e2n h\u00e0ng TP. H\u1ed3 Ch\u00ed Minh v\u1ec1 nh\u1eefng r\u1ee7i ro c\u1ee7a h\u1ec7 th\u1ed1ng t\u00e0i ch\u00ednh v\u00e0 n\u1ec1n kinh t\u1ebf. Ch\u00fang t\u00f4i xin \u0111\u01b0\u1ee3c \u0111\u0103ng t\u1ea3i nguy\u00ean v\u0103n b\u00e0i vi\u1ebft. Trong th\u1eddi gian qua, ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 \u0111\u00e3 \u0111\u01b0\u1ee3c \u0111i\u1ec1u h\u00e0nh […]<\/p>","protected":false},"author":1,"featured_media":3021,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,1],"tags":[],"class_list":["post-5771","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tin-tong-hop","category-tin-tuc"],"acf":[],"_links":{"self":[{"href":"https:\/\/ceco.com.vn\/en\/wp-json\/wp\/v2\/posts\/5771","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ceco.com.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ceco.com.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ceco.com.vn\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ceco.com.vn\/en\/wp-json\/wp\/v2\/comments?post=5771"}],"version-history":[{"count":0,"href":"https:\/\/ceco.com.vn\/en\/wp-json\/wp\/v2\/posts\/5771\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ceco.com.vn\/en\/wp-json\/wp\/v2\/media\/3021"}],"wp:attachment":[{"href":"https:\/\/ceco.com.vn\/en\/wp-json\/wp\/v2\/media?parent=5771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ceco.com.vn\/en\/wp-json\/wp\/v2\/categories?post=5771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ceco.com.vn\/en\/wp-json\/wp\/v2\/tags?post=5771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}