{"id":13691,"date":"2026-05-05T18:07:11","date_gmt":"2026-05-05T11:07:11","guid":{"rendered":"https:\/\/taichinhphowall.com\/index.php\/2026\/05\/05\/can-thiep-ty-gia-dong-yen-nhung-quan-co-tren-ban-co-tai-chinh\/"},"modified":"2026-05-05T18:07:11","modified_gmt":"2026-05-05T11:07:11","slug":"can-thiep-ty-gia-dong-yen-nhung-quan-co-tren-ban-co-tai-chinh","status":"publish","type":"post","link":"https:\/\/taichinhphowall.com\/index.php\/2026\/05\/05\/can-thiep-ty-gia-dong-yen-nhung-quan-co-tren-ban-co-tai-chinh\/","title":{"rendered":"Can thi\u1ec7p t\u1ef7 gi\u00e1 \u0111\u1ed3ng y\u00ean: Nh\u1eefng qu\u00e2n c\u1edd tr\u00ean b\u00e0n c\u1edd t\u00e0i ch\u00ednh"},"content":{"rendered":"
\n

\u0110\u1ee3t can thi\u1ec7p c\u1ee7a Nh\u1eadt B\u1ea3n c\u00f3 th\u1ec3 gi\u1eef gi\u00e1 \u0111\u1ed3ng y\u00ean trong bao l\u00e2u khi \u00e1p l\u1ef1c m\u1ea5t gi\u00e1 \u0111ang \u0111\u00e8 n\u1eb7ng l\u00ean n\u1ec1n kinh t\u1ebf x\u1ee9 s\u1edf hoa anh \u0111\u00e0o? C\u00e2u h\u1ecfi n\u00e0y kh\u00f4ng ch\u1ec9 g\u00f3i g\u1ecdn trong ph\u1ea1m vi c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng, m\u00e0 c\u00f2n l\u00e0 n\u1ed7i tr\u0103n tr\u1edf c\u1ee7a c\u00e1c nh\u00e0 qu\u1ea3n tr\u1ecb doanh nghi\u1ec7p khi ph\u1ea3i \u0111\u1ed1i m\u1eb7t v\u1edbi nh\u1eefng bi\u1ebfn \u0111\u1ed9ng kh\u00f3 l\u01b0\u1eddng t\u1eeb t\u1ef7 gi\u00e1.<\/p>\n

\n \"Can
\u1ea2nh t\u1eeb ngu\u1ed3n: vneconomy.vn<\/em><\/figcaption><\/figure>\n

B\u1ea3n ch\u1ea5t c\u1ee7a nh\u1eefng \u0111\u1ee3t can thi\u1ec7p t\u1ef7 gi\u00e1 \u0111\u1ed3ng y\u00ean<\/h2>\n

Nh\u1eefng ng\u00e0y g\u1ea7n \u0111\u00e2y, th\u1ecb tr\u01b0\u1eddng ghi nh\u1eadn nh\u1eefng c\u00fa rung l\u1eafc m\u1ea1nh c\u1ee7a \u0111\u1ed3ng y\u00ean v\u1edbi bi\u00ean \u0111\u1ed9 b\u1ea5t ng\u1edd. Khi \u0111\u1ed3ng n\u1ed9i t\u1ec7 ch\u1ea1m m\u1ee9c th\u1ea5p trong nhi\u1ec1u th\u1eadp k\u1ef7, s\u1ef1 xu\u1ea5t hi\u1ec7n c\u1ee7a c\u00e1c \u0111\u1ee3t can thi\u1ec7p b\u00e1n USD \u0111\u1ec3 mua y\u00ean \u0111\u00e3 tr\u1edf th\u00e0nh m\u1ed9t h\u1ed3i chu\u00f4ng c\u1ea3nh b\u00e1o g\u1eedi \u0111\u1ebfn c\u00e1c nh\u00e0 \u0111\u1ea7u c\u01a1. Tuy nhi\u00ean, n\u1ebfu x\u00e9t tr\u00ean b\u00ecnh di\u1ec7n t\u00e0i ch\u00ednh chuy\u00ean s\u00e2u, nh\u1eefng \u0111\u1ed9ng th\u00e1i n\u00e0y th\u01b0\u1eddng ch\u1ec9 mang t\u00ednh ch\u1ea5t t\u1ea1o ra “v\u00f9ng \u0111\u1ec7m” t\u1ea1m th\u1eddi thay v\u00ec thay \u0111\u1ed5i xu h\u01b0\u1edbng d\u00e0i h\u1ea1n. T\u01b0\u01a1ng t\u1ef1 nh\u01b0 vi\u1ec7c nh\u1eadn di\u1ec7n gi\u00e1 tr\u1ecb th\u1ef1c trong \u0111\u1ea7u t\u01b0, ch\u00fang ta c\u1ea7n hi\u1ec3u r\u1eb1ng ch\u1ec9 s\u1ed1 kh\u00f4ng \u0111\u1ed3ng ngh\u0129a v\u1edbi c\u01a1 h\u1ed9i trong \u0111\u1ea7u t\u01b0 ch\u1ee9ng kho\u00e1n<\/a> n\u1ebfu kh\u00f4ng n\u1eafm r\u00f5 b\u1ea3n ch\u1ea5t b\u00ean trong c\u1ee7a t\u00e0i s\u1ea3n \u0111\u00f3.<\/p>\n

Vi\u1ec7c B\u1ed9 T\u00e0i ch\u00ednh Nh\u1eadt B\u1ea3n \u0111\u01b0\u1ee3c cho l\u00e0 \u0111\u00e3 chi h\u00e0ng ch\u1ee5c t\u1ef7 USD \u0111\u1ec3 h\u00e3m \u0111\u00e0 gi\u1ea3m c\u1ee7a \u0111\u1ed3ng ti\u1ec1n n\u00e0y ph\u1ea3n \u00e1nh m\u1ed9t s\u1ef1 gi\u1eb1ng co quy\u1ebft li\u1ec7t. Th\u1ebf nh\u01b0ng, c\u00e1c chi\u1ebfn l\u01b0\u1ee3c gia h\u00e0ng \u0111\u1ea7u cho r\u1eb1ng, ch\u1eebng n\u00e0o l\u00e3i su\u1ea5t t\u1ea1i Nh\u1eadt B\u1ea3n v\u1eabn duy tr\u00ec \u1edf m\u1ee9c si\u00eau th\u1ea5p so v\u1edbi th\u1ebf gi\u1edbi, th\u00ec kho\u1ea3ng c\u00e1ch ch\u00eanh l\u1ec7ch l\u00e3i su\u1ea5t (carry trade) v\u1eabn l\u00e0 “\u0111\u1ea5t di\u1ec5n” cho c\u00e1c nh\u00e0 \u0111\u1ea7u c\u01a1. \u0110\u00e1ng ch\u00fa \u00fd, \u0111\u00e2y kh\u00f4ng ph\u1ea3i l\u00e0 l\u1ea7n \u0111\u1ea7u ti\u00ean th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng ki\u1ebfn s\u1ef1 l\u1ec7ch pha gi\u1eefa c\u00e1c ch\u00ednh s\u00e1ch \u0111i\u1ec1u h\u00e0nh v\u00e0 th\u1ef1c t\u1ebf d\u00f2ng v\u1ed1n tr\u00ean th\u1ecb tr\u01b0\u1eddng, m\u1ed9t v\u1ea5n \u0111\u1ec1 v\u1ed1n d\u0129 \u0111\u00e3 \u0111\u01b0\u1ee3c ph\u1ea3n \u00e1nh r\u00f5 n\u00e9t qua c\u00e1c bi\u1ebfn \u0111\u1ed9ng t\u1ea1i th\u1ecb tr\u01b0\u1eddng UpCoM khi d\u00f2ng v\u1ed1n ngo\u1ea1i \u0111\u1ea3o chi\u1ec1u<\/a>.<\/p>\n

Can thi\u1ec7p t\u1ef7 gi\u00e1 \u0111\u1ed3ng y\u00ean v\u00e0 \u00e1p l\u1ef1c t\u1eeb b\u00e0i to\u00e1n n\u0103ng l\u01b0\u1ee3ng<\/h2>\n

M\u1ed9t trong nh\u1eefng y\u1ebfu t\u1ed1 c\u1ed1t l\u00f5i khi\u1ebfn \u0111\u1ee3t can thi\u1ec7p t\u1ef7 gi\u00e1 \u0111\u1ed3ng y\u00ean tr\u1edf n\u00ean nan gi\u1ea3i ch\u00ednh l\u00e0 s\u1ef1 ph\u1ee5 thu\u1ed9c v\u00e0o n\u0103ng l\u01b0\u1ee3ng nh\u1eadp kh\u1ea9u. Khi \u0111\u1ed3ng y\u00ean suy y\u1ebfu, chi ph\u00ed nh\u1eadp kh\u1ea9u d\u1ea7u th\u00f4 t\u00ednh theo n\u1ed9i t\u1ec7 t\u0103ng v\u1ecdt, t\u1ea1o ra m\u1ed9t v\u00f2ng xo\u00e1y l\u1ea1m ph\u00e1t kh\u00f3 ki\u1ec3m so\u00e1t. Trong b\u1ed1i c\u1ea3nh xung \u0111\u1ed9t \u0111\u1ecba ch\u00ednh tr\u1ecb l\u00e0m gi\u00e1 d\u1ea7u bi\u1ebfn \u0111\u1ed9ng, Nh\u1eadt B\u1ea3n kh\u00f4ng ch\u1ec9 \u0111\u01a1n thu\u1ea7n \u0111\u1ed1i m\u1eb7t v\u1edbi m\u1ed9t lo\u1ea1i ti\u1ec1n t\u1ec7 m\u1ea5t gi\u00e1, m\u00e0 l\u00e0 s\u1ef1 t\u1ed5n th\u01b0\u01a1ng c\u1ee7a c\u00e1n c\u00e2n thanh to\u00e1n.<\/p>\n

C\u00e1c chuy\u00ean gia t\u00e0i ch\u00ednh cho r\u1eb1ng, Tokyo \u0111ang s\u1eed d\u1ee5ng ph\u01b0\u01a1ng ph\u00e1p “b\u0103ng b\u00f3 v\u1ebft th\u01b0\u01a1ng” khi ch\u1ec9 can thi\u1ec7p v\u00e0o ngo\u1ea1i h\u1ed1i m\u00e0 ch\u01b0a gi\u1ea3i quy\u1ebft \u0111\u01b0\u1ee3c g\u1ed1c r\u1ec5 t\u1eeb l\u00e3i su\u1ea5t v\u00e0 chi ti\u00eau ng\u00e2n s\u00e1ch. Khi nh\u00ecn v\u00e0o b\u1ee9c tranh r\u1ed9ng h\u01a1n, ch\u00fang ta th\u1ea5y r\u00f5 s\u1ef1 t\u01b0\u01a1ng quan m\u1eadt thi\u1ebft gi\u1eefa d\u00f2ng ti\u1ec1n, ch\u00ednh s\u00e1ch v\u00e0 hi\u1ec7u qu\u1ea3 v\u1eadn h\u00e0nh, gi\u1ed1ng nh\u01b0 vi\u1ec7c m\u1ed9t doanh nghi\u1ec7p d\u00f9 c\u00f3 doanh thu t\u00e0i ch\u00ednh \u1ea5n t\u01b0\u1ee3ng nh\u01b0ng n\u1ebfu kh\u00f4ng ki\u1ec3m so\u00e1t t\u1ed1t chi ph\u00ed v\u1eadn h\u00e0nh th\u00ec l\u1ee3i nhu\u1eadn v\u1eabn c\u00f3 th\u1ec3 b\u1ecb b\u00e0o m\u00f2n, t\u01b0\u01a1ng t\u1ef1 c\u00e2u chuy\u1ec7n doanh thu t\u00e0i ch\u00ednh IDICO t\u0103ng \u0111\u1ed9t bi\u1ebfn nh\u01b0ng l\u1ee3i nhu\u1eadn v\u1eabn ng\u01b0\u1ee3c d\u00f2ng gi\u1ea3m s\u00e2u<\/a>.<\/p>\n

\u0110\u00e2u l\u00e0 \u0111i\u1ec3m d\u1eebng cho s\u1ef1 can thi\u1ec7p t\u1ef7 gi\u00e1 \u0111\u1ed3ng y\u00ean?<\/h2>\n

Vi\u1ec7c duy tr\u00ec s\u1ee9c b\u1ec1n cho \u0111\u1ed3ng n\u1ed9i t\u1ec7 th\u00f4ng qua can thi\u1ec7p th\u1ecb tr\u01b0\u1eddng l\u00e0 m\u1ed9t b\u00e0i to\u00e1n c\u00e2n n\u00e3o. L\u1ecbch s\u1eed \u0111\u00e3 cho th\u1ea5y, v\u1edbi nh\u1eefng \u0111\u1ed3ng ti\u1ec1n c\u00f3 quy m\u00f4 l\u1edbn v\u00e0 giao d\u1ecbch t\u1ef1 do nh\u01b0 y\u00ean Nh\u1eadt, vi\u1ec7c c\u01b0\u1ee1ng l\u1ea1i c\u00e1c y\u1ebfu t\u1ed1 n\u1ec1n t\u1ea3ng b\u1eb1ng bi\u1ec7n ph\u00e1p h\u00e0nh ch\u00ednh th\u01b0\u1eddng ch\u1ec9 \u0111em l\u1ea1i hi\u1ec7u qu\u1ea3 trong ng\u1eafn h\u1ea1n. Nh\u1eefng \u0111\u1ee3t can thi\u1ec7p t\u1ef7 gi\u00e1 \u0111\u1ed3ng y\u00ean c\u00f3 th\u1ec3 th\u00e0nh c\u00f4ng trong vi\u1ec7c ng\u0103n ch\u1eb7n \u0111\u00e0 gi\u1ea3m ch\u00f3ng m\u1eb7t v\u00e0o m\u1ed9t th\u1eddi \u0111i\u1ec3m nh\u1ea5t \u0111\u1ecbnh, nh\u01b0ng \u0111\u1ec3 b\u1ec1n v\u1eefng, th\u1ecb tr\u01b0\u1eddng c\u1ea7n nh\u1eefng t\u00edn hi\u1ec7u r\u00f5 r\u00e0ng h\u01a1n t\u1eeb ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 c\u1ee7a Ng\u00e2n h\u00e0ng Trung \u01b0\u01a1ng Nh\u1eadt B\u1ea3n (BOJ).<\/p>\n

Nh\u00ecn s\u00e2u v\u00e0o b\u1ea3n ch\u1ea5t, s\u1ef1 th\u1eadn tr\u1ecdng c\u1ee7a nh\u00e0 ch\u1ee9c tr\u00e1ch trong vi\u1ec7c t\u0103ng l\u00e3i su\u1ea5t, \u0111i c\u00f9ng v\u1edbi tham v\u1ecdng duy tr\u00ec ch\u00ednh s\u00e1ch t\u00e0i kh\u00f3a n\u1edbi l\u1ecfng \u0111\u1ec3 k\u00edch th\u00edch kinh t\u1ebf, \u0111ang v\u00f4 t\u00ecnh t\u1ea1o n\u00ean r\u00e0o c\u1ea3n ng\u0103n c\u1ea3n s\u1ef1 h\u1ed3i ph\u1ee5c c\u1ee7a \u0111\u1ed3ng y\u00ean. Trong th\u1ebf tr\u1eadn n\u00e0y, nh\u00e0 \u0111\u1ea7u t\u01b0 v\u1eabn \u0111ang ch\u1edd \u0111\u1ee3i nh\u1eefng b\u01b0\u1edbc \u0111i quy\u1ebft li\u1ec7t h\u01a1n, thay v\u00ec nh\u1eefng \u0111\u1ed9ng th\u00e1i mang t\u00ednh “c\u00e2u gi\u1edd” nh\u01b0 hi\u1ec7n t\u1ea1i.<\/p>\n

B\u00e0i vi\u1ebft \u0111\u00e3 \u0111\u01b0\u1ee3c bi\u00ean t\u1eadp l\u1ea1i t\u1eeb ngu\u1ed3n: vneconomy.vn<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

\u0110\u1ee3t can thi\u1ec7p c\u1ee7a Nh\u1eadt B\u1ea3n c\u00f3 th\u1ec3 gi\u1eef gi\u00e1 \u0111\u1ed3ng y\u00ean trong bao l\u00e2u khi \u00e1p l\u1ef1c m\u1ea5t gi\u00e1 \u0111ang \u0111\u00e8 n\u1eb7ng l\u00ean n\u1ec1n kinh t\u1ebf x\u1ee9 s\u1edf hoa anh \u0111\u00e0o? C\u00e2u h\u1ecfi n\u00e0y kh\u00f4ng ch\u1ec9 g\u00f3i g\u1ecdn trong ph\u1ea1m vi c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng, m\u00e0 c\u00f2n l\u00e0 n\u1ed7i tr\u0103n tr\u1edf c\u1ee7a c\u00e1c […]<\/p>\n","protected":false},"author":1,"featured_media":13689,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[44],"tags":[],"class_list":["post-13691","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chung-khoan-viet-nam"],"_links":{"self":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts\/13691","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/comments?post=13691"}],"version-history":[{"count":0,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts\/13691\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media\/13689"}],"wp:attachment":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media?parent=13691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/categories?post=13691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/tags?post=13691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}