{"id":14519,"date":"2026-05-10T11:29:46","date_gmt":"2026-05-10T04:29:46","guid":{"rendered":"https:\/\/taichinhphowall.com\/index.php\/2026\/05\/10\/o-to-ptm-va-ky-kinh-doanh-kem-nhat-ke-tu-khi-bat-tay-saic-motor-viet-nam\/"},"modified":"2026-05-10T11:29:46","modified_gmt":"2026-05-10T04:29:46","slug":"o-to-ptm-va-ky-kinh-doanh-kem-nhat-ke-tu-khi-bat-tay-saic-motor-viet-nam","status":"publish","type":"post","link":"https:\/\/taichinhphowall.com\/index.php\/2026\/05\/10\/o-to-ptm-va-ky-kinh-doanh-kem-nhat-ke-tu-khi-bat-tay-saic-motor-viet-nam\/","title":{"rendered":"\u00d4 t\u00f4 PTM v\u00e0 k\u1ef3 kinh doanh k\u00e9m nh\u1ea5t k\u1ec3 t\u1eeb khi b\u1eaft tay SAIC Motor Vi\u1ec7t Nam"},"content":{"rendered":"
\n

\u00d4 t\u00f4 PTM \u0111ang \u0111\u1ed1i m\u1eb7t v\u1edbi nh\u1eefng c\u01a1n gi\u00f3 ng\u01b0\u1ee3c \u0111\u1ea7y th\u00e1ch th\u1ee9c khi c\u00f4ng b\u1ed1 k\u1ebft qu\u1ea3 kinh doanh qu\u00fd I\/2026 v\u1edbi nh\u1eefng con s\u1ed1 \u0111\u00e1ng b\u00e1o \u0111\u1ed9ng. \u0110\u00e2y \u0111\u01b0\u1ee3c xem l\u00e0 k\u1ef3 kinh doanh k\u00e9m nh\u1ea5t k\u1ec3 t\u1eeb khi doanh nghi\u1ec7p n\u00e0y ch\u00ednh th\u1ee9c “b\u1eaft tay” c\u00f9ng SAIC Motor Vi\u1ec7t Nam \u0111\u1ec3 ph\u00e2n ph\u1ed1i d\u00f2ng xe MG v\u00e0o gi\u1eefa n\u0103m 2023. Trong m\u1ed9t th\u1ecb tr\u01b0\u1eddng m\u00e0 s\u1ee9c mua co c\u1ee5m v\u00e0 \u00e1p l\u1ef1c c\u1ea1nh tranh ch\u01b0a c\u00f3 d\u1ea5u hi\u1ec7u h\u1ea1 nhi\u1ec7t, nh\u1eefng kh\u00f3 kh\u0103n c\u1ee7a \u00d4 t\u00f4 PTM ph\u1ea3n \u00e1nh ch\u00e2n th\u1ef1c nh\u1ecbp \u0111\u1eadp \u0111\u1ea7y bi\u1ebfn \u0111\u1ed9ng c\u1ee7a ng\u00e0nh ph\u00e2n ph\u1ed1i \u00f4 t\u00f4 t\u1ea1i Vi\u1ec7t Nam hi\u1ec7n nay.<\/p>\n

\n \"\u00d4
\u1ea2nh t\u1eeb ngu\u1ed3n: vnbusiness.vn<\/em><\/figcaption><\/figure>\n

Nh\u1eefng con s\u1ed1 bi\u1ebft n\u00f3i v\u1ec1 k\u1ef3 kinh doanh k\u00e9m nh\u1ea5t c\u1ee7a \u00d4 t\u00f4 PTM<\/h2>\n

Trong qu\u00fd I\/2026, \u00d4 t\u00f4 PTM ghi nh\u1eadn doanh thu thu\u1ea7n \u0111\u1ea1t 184,8 t\u1ef7 \u0111\u1ed3ng, gi\u1ea3m g\u1ea7n 38% so v\u1edbi c\u00f9ng k\u1ef3 n\u0103m tr\u01b0\u1edbc. H\u1ec7 qu\u1ea3 t\u1ea5t y\u1ebfu t\u1eeb vi\u1ec7c s\u1ee9c mua gi\u1ea3m m\u1ea1nh l\u00e0 gi\u00e1 v\u1ed1n h\u00e0ng b\u00e1n d\u00f9 \u0111\u00e3 ti\u1ebft gi\u1ea3m 24% v\u1ec1 m\u1ee9c 163,1 t\u1ef7 \u0111\u1ed3ng v\u1eabn kh\u00f4ng th\u1ec3 b\u00f9 \u0111\u1eafp n\u1ed5i \u0111\u00e0 lao d\u1ed1c c\u1ee7a doanh thu. K\u1ebft qu\u1ea3 l\u00e0 l\u1ee3i nhu\u1eadn g\u1ed9p c\u1ee7a doanh nghi\u1ec7p gi\u1ea3m h\u01a1n m\u1ed9t n\u1eeda, ch\u1ec9 c\u00f2n 21,7 t\u1ef7 \u0111\u1ed3ng. \u0110\u00e1ng ch\u00fa \u00fd, c\u00f4ng ty b\u00e1o l\u1ed7 h\u01a1n 9 t\u1ef7 \u0111\u1ed3ng t\u1eeb ho\u1ea1t \u0111\u1ed9ng kinh doanh ch\u00ednh. D\u00f9 c\u00f3 \u0111\u01b0\u1ee3c kho\u1ea3n l\u1ee3i nhu\u1eadn kh\u00e1c h\u01a1n 10,3 t\u1ef7 \u0111\u1ed3ng \u0111\u1ec3 g\u1ed3ng g\u00e1nh, l\u1ee3i nhu\u1eadn sau thu\u1ebf h\u1ee3p nh\u1ea5t qu\u00fd I\/2026 ch\u1ec9 \u0111\u1ea1t h\u01a1n 372 tri\u1ec7u \u0111\u1ed3ng, m\u1ed9t kho\u1ea3ng c\u00e1ch qu\u00e1 l\u1edbn n\u1ebfu \u0111\u1eb7t c\u1ea1nh con s\u1ed1 14 t\u1ef7 \u0111\u1ed3ng c\u1ee7a c\u00f9ng k\u1ef3 n\u0103m 2025. S\u1ef1 s\u1ee5t gi\u1ea3m n\u00e0y kh\u00f4ng ch\u1ec9 l\u00e0 nh\u1eefng con s\u1ed1 tr\u00ean b\u00e1o c\u00e1o, m\u00e0 c\u00f2n l\u00e0 minh ch\u1ee9ng cho m\u1ed9t giai \u0111o\u1ea1n \u0111\u1ea7y th\u1eed th\u00e1ch m\u00e0 doanh nghi\u1ec7p \u0111ang ph\u1ea3i v\u01b0\u1ee3t qua.<\/p>\n

\u00c1p l\u1ef1c t\u1eeb th\u1ecb tr\u01b0\u1eddng v\u00e0 cu\u1ed9c \u0111ua kh\u1ed1c li\u1ec7t c\u1ee7a \u00d4 t\u00f4 PTM<\/h2>\n

Ban \u0110i\u1ec1u h\u00e0nh \u0111\u01a1n v\u1ecb ph\u00e2n ph\u1ed1i d\u00f2ng xe MG cho bi\u1ebft, th\u1ecb tr\u01b0\u1eddng \u00f4 t\u00f4 \u0111\u1ea7u n\u0103m ti\u1ebfp t\u1ee5c ch\u1ecbu \u00e1p l\u1ef1c khi ng\u01b0\u1eddi mua th\u1eaft ch\u1eb7t chi ti\u00eau trong b\u1ed1i c\u1ea3nh n\u1ec1n kinh t\u1ebf ch\u01b0a th\u1ef1c s\u1ef1 ph\u1ee5c h\u1ed3i r\u00f5 n\u00e9t. Th\u1ef1c t\u1ebf cho th\u1ea5y m\u1ed9t ngh\u1ecbch l\u00fd l\u00e0 trong khi k\u1ef3 v\u1ecdng t\u0103ng tr\u01b0\u1edfng v\u1eabn hi\u1ec7n h\u1eefu, th\u00ec s\u1ea3n l\u01b0\u1ee3ng ti\u00eau th\u1ee5 th\u1ef1c t\u1ebf l\u1ea1i gi\u1ea3m \u0111\u00e1ng k\u1ec3. C\u1ea1nh tranh trong ng\u00e0nh ng\u00e0y c\u00e0ng tr\u1edf n\u00ean kh\u1ed1c li\u1ec7t h\u01a1n bao gi\u1edd h\u1ebft khi c\u00e1c h\u00e3ng xe v\u00e0 \u0111\u1ea1i l\u00fd li\u00ean t\u1ee5c tung ra c\u00e1c ch\u01b0\u01a1ng tr\u00ecnh \u01b0u \u0111\u00e3i, gi\u1ea3m gi\u00e1 \u0111\u1ec3 k\u00edch c\u1ea7u. \u0110\u1ed1i v\u1edbi \u00d4 t\u00f4 PTM, cu\u1ed9c \u0111ua gi\u1ea3m gi\u00e1 n\u00e0y \u0111\u00e3 khi\u1ebfn bi\u00ean l\u1ee3i nhu\u1eadn b\u1ecb thu h\u1eb9p m\u1ea1nh, trong khi chi ph\u00ed l\u00e3i vay l\u1ea1i t\u0103ng th\u00eam, qua \u0111\u00f3 t\u1ea1o \u00e1p l\u1ef1c \u0111\u00e8 n\u1eb7ng l\u00ean to\u00e0n b\u1ed9 k\u1ebft qu\u1ea3 kinh doanh c\u1ee7a \u0111\u01a1n v\u1ecb.<\/p>\n

Tr\u01b0\u1edbc khi \u0111\u1ea9y m\u1ea1nh h\u1ee3p t\u00e1c v\u1edbi SAIC Motor Vi\u1ec7t Nam, \u00d4 t\u00f4 PTM v\u1ed1n l\u00e0 m\u1ed9t doanh nghi\u1ec7p quy m\u00f4 nh\u1ecf trong h\u1ec7 sinh th\u00e1i c\u1ee7a Haxaco. B\u01b0\u1edbc ngo\u1eb7t l\u1edbn nh\u1ea5t \u0111\u1ebfn khi c\u00f4ng ty \u0111\u01b0\u1ee3c \u0111\u1ecbnh v\u1ecb tr\u1edf th\u00e0nh \u0111\u1ea7u m\u1ed1i ph\u00e1t tri\u1ec3n h\u1ec7 th\u1ed1ng \u0111\u1ea1i l\u00fd MG tr\u00ean to\u00e0n qu\u1ed1c, m\u1edf ra l\u00e0n s\u00f3ng t\u0103ng tr\u01b0\u1edfng \u0111\u1ed9t bi\u1ebfn trong n\u0103m 2024. Tuy nhi\u00ean, khi nh\u00ecn v\u00e0o b\u1ee9c tranh l\u1edbn, s\u1ef1 l\u1ec7ch pha th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n<\/a> v\u00e0 nh\u1eefng bi\u1ebfn \u0111\u1ed9ng ngo\u00e0i t\u1ea7m ki\u1ec3m so\u00e1t \u0111ang khi\u1ebfn c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 kh\u00f4ng kh\u1ecfi lo ng\u1ea1i v\u1ec1 kh\u1ea3 n\u0103ng duy tr\u00ec phong \u0111\u1ed9. D\u00f9 t\u1eebng \u0111\u1ea1t doanh thu h\u01a1n 1.400 t\u1ef7 \u0111\u1ed3ng v\u00e0 l\u1ee3i nhu\u1eadn sau thu\u1ebf 128 t\u1ef7 \u0111\u1ed3ng v\u00e0o n\u0103m 2024, th\u00ec \u0111\u1ebfn nay, c\u01a1 h\u1ed9i t\u0103ng tr\u01b0\u1edfng tr\u00ean th\u1ecb tr\u01b0\u1eddng \u0111\u00e3 tr\u1edf n\u00ean ng\u00e0y c\u00e0ng m\u1ecfng tr\u00ean th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n<\/a>, bu\u1ed9c doanh nghi\u1ec7p ph\u1ea3i \u0111\u1ed1i di\u1ec7n v\u1edbi th\u1ef1c t\u1ea1i kh\u1ed1c li\u1ec7t.<\/p>\n

Tri\u1ec3n v\u1ecdng n\u00e0o cho \u00d4 t\u00f4 PTM trong giai \u0111o\u1ea1n suy y\u1ebfu?<\/h2>\n

Ph\u00e2n kh\u00fac xe ph\u1ed5 th\u00f4ng \u2013 n\u01a1i MG \u0111ang c\u1ea1nh tranh tr\u1ef1c ti\u1ebfp \u2013 hi\u1ec7n \u0111ang ch\u1ecbu \u00e1p l\u1ef1c r\u1ea5t l\u1edbn t\u1eeb c\u1ea3 xe Nh\u1eadt, xe H\u00e0n l\u1eabn c\u00e1c h\u00e3ng xe Trung Qu\u1ed1c m\u1edbi gia nh\u1eadp th\u1ecb tr\u01b0\u1eddng. Theo k\u1ebf ho\u1ea1ch n\u0103m 2026 \u0111\u00e3 \u0111\u01b0\u1ee3c \u0110\u1ea1i h\u1ed9i \u0111\u1ed3ng c\u1ed5 \u0111\u00f4ng th\u00f4ng qua, m\u1ee5c ti\u00eau l\u1ee3i nhu\u1eadn tr\u01b0\u1edbc thu\u1ebf l\u00e0 46 t\u1ef7 \u0111\u1ed3ng. Th\u1ebf nh\u01b0ng, v\u1edbi k\u1ebft qu\u1ea3 3 th\u00e1ng \u0111\u1ea7u n\u0103m ch\u1ec9 \u0111\u1ea1t kho\u1ea3ng 2%, m\u1ee5c ti\u00eau n\u00e0y \u0111ang tr\u1edf n\u00ean xa v\u1eddi h\u01a1n bao gi\u1edd h\u1ebft. T\u00ecnh h\u00ecnh t\u00e0i ch\u00ednh c\u1ee7a doanh nghi\u1ec7p c\u0169ng cho th\u1ea5y nh\u1eefng \u0111i\u1ec3m c\u1ea7n l\u01b0u t\u00e2m, v\u1edbi h\u00e0ng t\u1ed3n kho chi\u1ebfm h\u01a1n 40% t\u1ed5ng t\u00e0i s\u1ea3n v\u00e0 l\u01b0\u1ee3ng ti\u1ec1n m\u1eb7t, ti\u1ec1n g\u1eedi ng\u1eafn h\u1ea1n ch\u1ec9 \u1edf m\u1ee9c 21 t\u1ef7 \u0111\u1ed3ng t\u00ednh \u0111\u1ebfn cu\u1ed1i th\u00e1ng 3\/2026.<\/p>\n

Tr\u01b0\u1edbc t\u00ecnh th\u1ebf \u0111\u00f3, PTM \u0111ang tri\u1ec3n khai k\u1ebf ho\u1ea1ch ch\u00e0o b\u00e1n th\u00eam 3,2 tri\u1ec7u c\u1ed5 phi\u1ebfu cho c\u1ed5 \u0111\u00f4ng hi\u1ec7n h\u1eefu v\u1edbi t\u1ef7 l\u1ec7 10:1 \u0111\u1ec3 huy \u0111\u1ed9ng 32 t\u1ef7 \u0111\u1ed3ng. S\u1ed1 ti\u1ec1n n\u00e0y d\u1ef1 ki\u1ebfn s\u1ebd \u0111\u01b0\u1ee3c d\u00f9ng \u0111\u1ec3 b\u1ed5 sung v\u1ed1n l\u01b0u \u0111\u1ed9ng, mua h\u00e0ng t\u1ed3n kho v\u00e0 chi tr\u1ea3 chi ph\u00ed thu\u00ea m\u1eb7t b\u1eb1ng nh\u1eb1m duy tr\u00ec ho\u1ea1t \u0111\u1ed9ng trong giai \u0111o\u1ea1n kh\u00f3 kh\u0103n n\u00e0y. C\u00f3 th\u1ec3 th\u1ea5y, con \u0111\u01b0\u1eddng ph\u00eda tr\u01b0\u1edbc c\u1ee7a \u00d4 t\u00f4 PTM kh\u00f4ng ch\u1ec9 l\u00e0 cu\u1ed9c chi\u1ebfn v\u1ec1 th\u1ecb ph\u1ea7n, m\u00e0 c\u00f2n l\u00e0 cu\u1ed9c chi\u1ebfn v\u1ec1 qu\u1ea3n tr\u1ecb d\u00f2ng ti\u1ec1n trong m\u1ed9t th\u1ecb tr\u01b0\u1eddng \u0111ang d\u1ea7n b\u00e3o h\u00f2a v\u00e0 \u0111\u1ea7y r\u1eaby s\u1ef1 c\u1ea1nh tranh.<\/p>\n

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

\u00d4 t\u00f4 PTM \u0111ang \u0111\u1ed1i m\u1eb7t v\u1edbi nh\u1eefng c\u01a1n gi\u00f3 ng\u01b0\u1ee3c \u0111\u1ea7y th\u00e1ch th\u1ee9c khi c\u00f4ng b\u1ed1 k\u1ebft qu\u1ea3 kinh doanh qu\u00fd I\/2026 v\u1edbi nh\u1eefng con s\u1ed1 \u0111\u00e1ng b\u00e1o \u0111\u1ed9ng. \u0110\u00e2y \u0111\u01b0\u1ee3c xem l\u00e0 k\u1ef3 kinh doanh k\u00e9m nh\u1ea5t k\u1ec3 t\u1eeb khi doanh nghi\u1ec7p n\u00e0y ch\u00ednh th\u1ee9c “b\u1eaft tay” c\u00f9ng SAIC Motor Vi\u1ec7t Nam \u0111\u1ec3 […]<\/p>\n","protected":false},"author":1,"featured_media":14517,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[44],"tags":[],"class_list":["post-14519","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\/14519","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=14519"}],"version-history":[{"count":0,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts\/14519\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media\/14517"}],"wp:attachment":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media?parent=14519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/categories?post=14519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/tags?post=14519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}