{"id":15083,"date":"2026-05-15T13:47:59","date_gmt":"2026-05-15T06:47:59","guid":{"rendered":"https:\/\/taichinhphowall.com\/index.php\/2026\/05\/15\/khoi-thong-nguon-von-ty-do-cho-khoi-doanh-nghiep-nha-nuoc-niem-yet-tren-thi-truong-chung-khoan\/"},"modified":"2026-05-15T13:47:59","modified_gmt":"2026-05-15T06:47:59","slug":"khoi-thong-nguon-von-ty-do-cho-khoi-doanh-nghiep-nha-nuoc-niem-yet-tren-thi-truong-chung-khoan","status":"publish","type":"post","link":"https:\/\/taichinhphowall.com\/index.php\/2026\/05\/15\/khoi-thong-nguon-von-ty-do-cho-khoi-doanh-nghiep-nha-nuoc-niem-yet-tren-thi-truong-chung-khoan\/","title":{"rendered":"Kh\u01a1i th\u00f4ng ngu\u1ed3n v\u1ed1n t\u1ef7 \u0111\u00f4 cho kh\u1ed1i doanh nghi\u1ec7p nh\u00e0 n\u01b0\u1edbc ni\u00eam y\u1ebft tr\u00ean th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n"},"content":{"rendered":"
\n

Kh\u01a1i th\u00f4ng ngu\u1ed3n v\u1ed1n t\u1ef7 \u0111\u00f4 cho kh\u1ed1i doanh nghi\u1ec7p nh\u00e0 n\u01b0\u1edbc (DNNN) ni\u00eam y\u1ebft kh\u00f4ng ch\u1ec9 l\u00e0 b\u00e0i to\u00e1n thanh kho\u1ea3n \u0111\u01a1n thu\u1ea7n m\u00e0 \u0111\u00e3 tr\u1edf th\u00e0nh m\u1ec7nh l\u1ec7nh chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ec3 Vi\u1ec7t Nam chuy\u1ec3n m\u00ecnh trong b\u1ed1i c\u1ea3nh n\u00e2ng h\u1ea1ng th\u1ecb tr\u01b0\u1eddng. T\u1ea1i h\u1ed9i ngh\u1ecb ph\u1ed5 bi\u1ebfn quy \u0111\u1ecbnh ph\u00e1p lu\u1eadt di\u1ec5n ra ng\u00e0y 14\/5, c\u00e1c nh\u00e0 qu\u1ea3n l\u00fd \u0111\u00e3 nh\u1ea5n m\u1ea1nh r\u1eb1ng, vi\u1ec7c g\u1eafn ch\u1eb7t c\u1ed5 ph\u1ea7n h\u00f3a v\u1edbi ni\u00eam y\u1ebft l\u00e0 ch\u00eca kh\u00f3a \u0111\u1ec3 n\u00e2ng cao ch\u1ea5t l\u01b0\u1ee3ng qu\u1ea3n tr\u1ecb, t\u1eeb \u0111\u00f3 bi\u1ebfn c\u00e1c “g\u00e3 kh\u1ed5ng l\u1ed3” qu\u1ed1c doanh tr\u1edf th\u00e0nh h\u1ea1t nh\u00e2n th\u1ef1c th\u1ee5 trong vi\u1ec7c thu h\u00fat d\u00f2ng v\u1ed1n ngo\u1ea1i \u0111ang \u0111\u1ed5 v\u1ec1 m\u1ea1nh m\u1ebd theo nh\u1ecbp rung l\u1eafc c\u1ee7a th\u1ecb tr\u01b0\u1eddng.<\/p>\n

\n \"Kh\u01a1i
\u1ea2nh t\u1eeb ngu\u1ed3n: vnbusiness.vn<\/em><\/figcaption><\/figure>\n

Kh\u01a1i th\u00f4ng ngu\u1ed3n v\u1ed1n t\u1ef7 \u0111\u00f4 \u0111\u1ec3 \u0111\u00e1p \u1ee9ng nhu c\u1ea7u t\u0103ng tr\u01b0\u1edfng giai \u0111o\u1ea1n 2026-2030<\/h2>\n

Nhu c\u1ea7u v\u1ed1n cho kh\u1ed1i doanh nghi\u1ec7p nh\u00e0 n\u01b0\u1edbc trong giai \u0111o\u1ea1n 2026-2030 \u0111\u01b0\u1ee3c \u01b0\u1edbc t\u00ednh l\u00ean t\u1edbi 38,5 tri\u1ec7u t\u1ef7 \u0111\u1ed3ng. \u0110\u00e2y l\u00e0 con s\u1ed1 kh\u1ed5ng l\u1ed3, \u0111\u1eb7t ra th\u00e1ch th\u1ee9c v\u1ec1 vi\u1ec7c t\u1ed1i \u01b0u h\u00f3a ngu\u1ed3n l\u1ef1c. \u0110\u00e1ng ch\u00fa \u00fd, kho\u1ea3ng 80% ngu\u1ed3n l\u1ef1c n\u00e0y ph\u1ea3i \u0111\u01b0\u1ee3c huy \u0111\u1ed9ng t\u1eeb b\u00ean ngo\u00e0i ng\u00e2n s\u00e1ch nh\u00e0 n\u01b0\u1edbc, \u0111\u01b0a th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n tr\u1edf th\u00e0nh k\u00eanh d\u1eabn v\u1ed1n kh\u00f4ng th\u1ec3 thay th\u1ebf. Khi d\u00f2ng ti\u1ec1n \u0111ang c\u00f3 d\u1ea5u hi\u1ec7u m\u1ea1nh l\u00ean nh\u01b0ng th\u1ecb tr\u01b0\u1eddng v\u1eabn ph\u00e2n h\u00f3a trong nh\u1ecbp rung l\u1eafc, vi\u1ec7c c\u00e1c DNNN t\u1eadn d\u1ee5ng s\u00e0n ch\u1ee9ng kho\u00e1n \u0111\u1ec3 g\u1ecdi v\u1ed1n tr\u1edf th\u00e0nh gi\u1ea3i ph\u00e1p c\u0103n c\u01a1 thay v\u00ec ph\u1ee5 thu\u1ed9c v\u00e0o c\u00e1c ngu\u1ed3n v\u1ed1n t\u00edn d\u1ee5ng truy\u1ec1n th\u1ed1ng v\u1ed1n \u0111ang ch\u1ecbu \u00e1p l\u1ef1c c\u1ea1nh tranh gay g\u1eaft.<\/p>\n

Nh\u1eefng \u0111\u01a1n v\u1ecb n\u00e0y kh\u00f4ng ch\u1ec9 c\u1ea7n huy \u0111\u1ed9ng v\u1ed1n m\u00e0 c\u00f2n c\u1ea7n “l\u1ed9t x\u00e1c” v\u1ec1 t\u01b0 duy qu\u1ea3n tr\u1ecb. Vi\u1ec7c \u00e1p d\u1ee5ng chu\u1ea9n m\u1ef1c b\u00e1o c\u00e1o t\u00e0i ch\u00ednh qu\u1ed1c t\u1ebf v\u00e0 minh b\u1ea1ch th\u00f4ng tin kh\u00f4ng c\u00f2n l\u00e0 l\u1ef1a ch\u1ecdn, m\u00e0 l\u00e0 \u0111i\u1ec1u ki\u1ec7n ti\u00ean quy\u1ebft \u0111\u1ec3 t\u1ea1o ni\u1ec1m tin cho nh\u00e0 \u0111\u1ea7u t\u01b0. Khi kh\u1ed1i ngo\u1ea1i li\u00ean t\u1ee5c bi\u1ebfn \u0111\u1ed9ng v\u1edbi c\u00e1c phi\u00ean b\u00e1n r\u00f2ng 1.500 t\u1ef7 \u0111\u1ed3ng, s\u1ef1 minh b\u1ea1ch ch\u00ednh l\u00e0 t\u1ea5m l\u00e1 ch\u1eafn t\u1ed1t nh\u1ea5t \u0111\u1ec3 c\u00e1c doanh nghi\u1ec7p l\u1edbn gi\u1eef ch\u00e2n d\u00f2ng v\u1ed1n d\u00e0i h\u1ea1n, thay v\u00ec \u0111\u1ec3 c\u00e1c c\u1ed5 phi\u1ebfu b\u1ecb b\u1ecf r\u01a1i trong nh\u1eefng giai \u0111o\u1ea1n th\u1ecb tr\u01b0\u1eddng t\u00ecm ki\u1ebfm \u0111i\u1ec3m c\u00e2n b\u1eb1ng m\u1edbi.<\/p>\n

Kh\u01a1i th\u00f4ng ngu\u1ed3n v\u1ed1n t\u1ef7 \u0111\u00f4 th\u00f4ng qua si\u1ebft ch\u1eb7t khung ph\u00e1p l\u00fd v\u00e0 t\u00ednh minh b\u1ea1ch<\/h2>\n

Lu\u1eadt Ch\u1ee9ng kho\u00e1n s\u1eeda \u0111\u1ed5i \u0111\u00e3 \u0111\u1eb7t ra nh\u1eefng ti\u00eau chu\u1ea9n kh\u1eaft khe h\u01a1n \u0111\u1ec3 \u0111\u1ea3m b\u1ea3o ch\u1ea5t l\u01b0\u1ee3ng h\u00e0ng h\u00f3a tr\u00ean s\u00e0n. Doanh nghi\u1ec7p gi\u1edd \u0111\u00e2y ph\u1ea3i \u0111\u00e1p \u1ee9ng v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu t\u1ed1i thi\u1ec3u 30 t\u1ef7 \u0111\u1ed3ng v\u00e0 duy tr\u00ec c\u01a1 c\u1ea5u c\u1ed5 \u0111\u00f4ng v\u1edbi \u00edt nh\u1ea5t 10% c\u1ed5 phi\u1ebfu t\u1ef1 do chuy\u1ec3n nh\u01b0\u1ee3ng. \u0110\u00e2y \u0111\u01b0\u1ee3c xem l\u00e0 “b\u1ed9 l\u1ecdc” c\u1ea7n thi\u1ebft \u0111\u1ec3 lo\u1ea1i b\u1ecf nh\u1eefng doanh nghi\u1ec7p kh\u00f4ng c\u00f2n \u0111\u1ee7 \u0111i\u1ec1u ki\u1ec7n l\u00e0m c\u00f4ng ty \u0111\u1ea1i ch\u00fang, qua \u0111\u00f3 b\u1ea3o v\u1ec7 l\u1ee3i \u00edch c\u1ee7a c\u1ed5 \u0111\u00f4ng nh\u1ecf l\u1ebb. Th\u1ef1c t\u1ebf cho th\u1ea5y m\u1ed9t ngh\u1ecbch l\u00fd l\u00e0 trong s\u1ed1 g\u1ea7n 790 doanh nghi\u1ec7p g\u1ed1c c\u1ed5 ph\u1ea7n h\u00f3a, v\u1eabn c\u00f2n h\u00e0ng ch\u1ee5c \u0111\u01a1n v\u1ecb ch\u01b0a th\u1ef1c hi\u1ec7n nghi\u00eam t\u00fac vi\u1ec7c \u0111\u0103ng k\u00fd giao d\u1ecbch.<\/p>\n

\u0110\u1ec3 gi\u1ea3i quy\u1ebft \u0111i\u1ec3m ngh\u1ebdn v\u1ec1 t\u1ef7 l\u1ec7 c\u1ed5 phi\u1ebfu t\u1ef1 do chuy\u1ec3n nh\u01b0\u1ee3ng, c\u00e1c chuy\u00ean gia qu\u1ea3n l\u00fd \u0111\u1ec1 xu\u1ea5t c\u00e1c c\u1ed5 \u0111\u00f4ng l\u1edbn c\u1ea7n ch\u1ee7 \u0111\u1ed9ng h\u01a1n trong vi\u1ec7c tho\u00e1i v\u1ed1n th\u00f4ng qua c\u00e1c h\u00ecnh th\u1ee9c \u0111\u1ea5u gi\u00e1 ho\u1eb7c kh\u1edbp l\u1ec7nh tr\u1ef1c ti\u1ebfp. S\u1ef1 ph\u1ed1i h\u1ee3p \u0111\u1ed3ng b\u1ed9 gi\u1eefa c\u01a1 quan qu\u1ea3n l\u00fd v\u00e0 doanh nghi\u1ec7p trong vi\u1ec7c th\u00e1o g\u1ee1 v\u01b0\u1edbng m\u1eafc kh\u00f4ng ch\u1ec9 gi\u00fap t\u0103ng n\u0103ng l\u1ef1c t\u00e0i ch\u00ednh m\u00e0 c\u00f2n l\u00e0 b\u01b0\u1edbc chu\u1ea9n b\u1ecb quan tr\u1ecdng cho s\u1ef1 ki\u1ec7n Vi\u1ec7t Nam n\u00e2ng h\u1ea1ng th\u1ecb tr\u01b0\u1eddng. C\u00e1c doanh nghi\u1ec7p nh\u00e0 n\u01b0\u1edbc ni\u00eam y\u1ebft c\u1ea7n nhanh ch\u00f3ng kh\u1eafc ph\u1ee5c c\u00e1c sai ph\u1ea1m tr\u01b0\u1edbc h\u1ea1n ch\u00f3t 1\/1\/2027 n\u1ebfu kh\u00f4ng mu\u1ed1n b\u1ecb h\u1ee7y t\u01b0 c\u00e1ch c\u00f4ng ty \u0111\u1ea1i ch\u00fang, m\u1ed9t vi\u1ec5n c\u1ea3nh s\u1ebd l\u00e0m t\u1ed5n h\u1ea1i nghi\u00eam tr\u1ecdng \u0111\u1ebfn h\u00ecnh \u1ea3nh v\u00e0 kh\u1ea3 n\u0103ng huy \u0111\u1ed9ng v\u1ed1n trong t\u01b0\u01a1ng lai.<\/p>\n

S\u1ee9c s\u1ed1ng m\u1edbi t\u1eeb s\u1ef1 thay \u0111\u1ed5i trong t\u01b0 duy qu\u1ea3n tr\u1ecb doanh nghi\u1ec7p<\/h2>\n

Nh\u00ecn s\u00e2u v\u00e0o b\u1ea3n ch\u1ea5t, vi\u1ec7c \u0111\u1ea9y m\u1ea1nh huy \u0111\u1ed9ng v\u1ed1n tr\u00ean s\u00e0n kh\u00f4ng ch\u1ec9 l\u00e0 v\u1ea5n \u0111\u1ec1 con s\u1ed1. \u0110\u00f3 l\u00e0 c\u00e2u chuy\u1ec7n v\u1ec1 vi\u1ec7c n\u00e2ng cao gi\u00e1 tr\u1ecb doanh nghi\u1ec7p th\u00f4ng qua t\u00ednh thanh kho\u1ea3n. Vi\u1ec7c ch\u00e0o b\u00e1n ri\u00eang l\u1ebb cho nh\u00e0 \u0111\u1ea7u t\u01b0 chi\u1ebfn l\u01b0\u1ee3c hay ph\u00e1t h\u00e0nh c\u1ed5 phi\u1ebfu cho ng\u01b0\u1eddi lao \u0111\u1ed9ng l\u00e0 nh\u1eefng l\u1ed9 tr\u00ecnh linh ho\u1ea1t gi\u00fap doanh nghi\u1ec7p “c\u1edfi tr\u00f3i” kh\u1ecfi nh\u1eefng r\u00e0o c\u1ea3n n\u1ed9i t\u1ea1i. Khi c\u00e1c doanh nghi\u1ec7p nh\u00e0 n\u01b0\u1edbc th\u1ef1c s\u1ef1 coi th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n l\u00e0 m\u1ed9t ph\u1ea7n trong “h\u1ec7 sinh th\u00e1i” chi\u1ebfn l\u01b0\u1ee3c, v\u1ecb th\u1ebf c\u1ee7a h\u1ecd tr\u00ean s\u00e0n s\u1ebd kh\u00f4ng c\u00f2n l\u00e0 nh\u1eefng c\u00e1i t\u00ean m\u1edd nh\u1ea1t, m\u00e0 s\u1ebd tr\u1edf th\u00e0nh nh\u1eefng tr\u1ee5 c\u1ed9t v\u1eefng ch\u1eafc, \u0111\u00f3ng g\u00f3p v\u00e0o s\u1ef1 ph\u00e1t tri\u1ec3n chung c\u1ee7a n\u1ec1n kinh t\u1ebf.<\/p>\n

S\u1ef1 c\u1ed9ng h\u01b0\u1edfng t\u1eeb c\u00e1c h\u1ee3p t\u00e1c \u0111\u1ea7u t\u01b0 chi\u1ebfn l\u01b0\u1ee3c, nh\u01b0 nh\u1eefng c\u00e1i b\u1eaft tay gi\u1eefa c\u00e1c qu\u1ef9 l\u1edbn t\u1ea1i Vi\u1ec7t Nam v\u00e0 \u0111\u1ed1i t\u00e1c qu\u1ed1c t\u1ebf, cho th\u1ea5y ti\u1ec1m n\u0103ng to l\u1edbn c\u1ee7a c\u00e1c doanh nghi\u1ec7p Vi\u1ec7t n\u1ebfu bi\u1ebft t\u1eadn d\u1ee5ng d\u00f2ng v\u1ed1n ngo\u1ea1i. Kh\u01a1i th\u00f4ng ngu\u1ed3n v\u1ed1n t\u1ef7 \u0111\u00f4 cho kh\u1ed1i DNNN kh\u00f4ng ph\u1ea3i l\u00e0 \u0111\u00edch \u0111\u1ebfn cu\u1ed1i c\u00f9ng, m\u00e0 l\u00e0 ph\u01b0\u01a1ng ti\u1ec7n \u0111\u1ec3 n\u00e2ng t\u1ea7m n\u1ec1n qu\u1ea3n tr\u1ecb qu\u1ed1c gia, n\u01a1i m\u00e0 hi\u1ec7u qu\u1ea3 c\u1ee7a t\u1eebng \u0111\u01a1n v\u1ecb ni\u00eam y\u1ebft s\u1ebd \u0111\u01b0\u1ee3c \u0111\u1ecbnh gi\u00e1 s\u00f2ng ph\u1eb3ng v\u00e0 ch\u00ednh x\u00e1c nh\u1ea5t b\u1edfi ch\u00ednh nh\u1eefng nh\u00e0 \u0111\u1ea7u t\u01b0 tr\u00ean th\u1ecb tr\u01b0\u1eddng.<\/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":"

Kh\u01a1i th\u00f4ng ngu\u1ed3n v\u1ed1n t\u1ef7 \u0111\u00f4 cho kh\u1ed1i doanh nghi\u1ec7p nh\u00e0 n\u01b0\u1edbc (DNNN) ni\u00eam y\u1ebft kh\u00f4ng ch\u1ec9 l\u00e0 b\u00e0i to\u00e1n thanh kho\u1ea3n \u0111\u01a1n thu\u1ea7n m\u00e0 \u0111\u00e3 tr\u1edf th\u00e0nh m\u1ec7nh l\u1ec7nh chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ec3 Vi\u1ec7t Nam chuy\u1ec3n m\u00ecnh trong b\u1ed1i c\u1ea3nh n\u00e2ng h\u1ea1ng th\u1ecb tr\u01b0\u1eddng. T\u1ea1i h\u1ed9i ngh\u1ecb ph\u1ed5 bi\u1ebfn quy \u0111\u1ecbnh ph\u00e1p lu\u1eadt di\u1ec5n ra […]<\/p>\n","protected":false},"author":1,"featured_media":15081,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[44],"tags":[],"class_list":["post-15083","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\/15083","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=15083"}],"version-history":[{"count":0,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts\/15083\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media\/15081"}],"wp:attachment":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media?parent=15083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/categories?post=15083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/tags?post=15083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}