\u00dd ki\u1ebfn r\u1ea5t \u0111\u00e1ng quan t\u00e2m cho nh\u1eefng ng\u01b0\u1eddi \u0111ang c\u1ea7n nh\u00e0 \u1edf :<\/p>\n
C\u00e1c k\u00eanh \u0111\u1ea7u t\u01b0 nh\u01b0 v\u00e0ng, ch\u1ee9ng kho\u00e1n v\u00e0 g\u1eedi ti\u1ebft ki\u1ec7m hi\u1ec7n nay kh\u00f4ng c\u00f2n nhi\u1ec1u h\u1ea5p d\u1eabn n\u1eefa, trong khi b\u1ea5t \u0111\u1ed9ng s\u1ea3n \u0111ang tr\u1edf n\u00ean s\u00e1ng gi\u00e1 h\u01a1n trong m\u1eaft nh\u1eefng nh\u00e0 \u0111\u1ea7u t\u01b0 d\u00f9 kh\u1ea3 n\u0103ng sinh l\u1ee3i trong ng\u1eafn h\u1ea1n l\u00e0 kh\u00f4ng cao.<\/p>\n
\u0110\u00f3 l\u00e0 nh\u1eadn \u0111\u1ecbnh c\u1ee7a TS L\u00ea Th\u1ea9m D\u01b0\u01a1ng – tr\u01b0\u1edfng khoa qu\u1ea3n tr\u1ecb kinh doanh \u0110H Ng\u00e2n h\u00e0ng TP.HCM. Trao \u0111\u1ed5i v\u1edbi ch\u00fang t\u00f4i, \u00f4ng D\u01b0\u01a1ng cho r\u1eb1ng b\u1ea5t \u0111\u1ed9ng s\u1ea3n \u0111ang c\u00f3 nhi\u1ec1u l\u1ee3i th\u1ebf trong danh m\u1ee5c \u0111\u1ea7u t\u01b0 do gi\u00e1 \u0111\u00e3 gi\u1ea3m m\u1ea1nh, \u0111\u1eb7c bi\u1ec7t l\u00e0 g\u00f3i 30.000 t\u1ec9 \u0111\u1ed3ng h\u1ed7 tr\u1ee3 thanh kho\u1ea3n cho th\u1ecb tr\u01b0\u1eddng n\u00e0y.<\/p>\n
V\u00ec sao l\u1ea1i ch\u1ecdn k\u00eanh b\u1ea5t \u0111\u1ed9ng s\u1ea3n, th\u01b0a \u00f4ng?<\/p>\n
V\u1edbi ch\u1ee7 tr\u01b0\u01a1ng b\u00ecnh \u1ed5n th\u1ecb tr\u01b0\u1eddng v\u00e0ng, \u0111\u1eb7c bi\u1ec7t khi Ng\u00e2n h\u00e0ng Nh\u00e0 n\u01b0\u1edbc \u0111\u00e3 tham gia s\u00e2u v\u00e0o th\u1ecb tr\u01b0\u1eddng n\u00e0y, ch\u1eafc ch\u1eafn \u0111\u1ed9 \u201cl\u00f3ng l\u00e1nh\u201d t\u1eeb l\u1ee3i nhu\u1eadn c\u1ee7a v\u00e0ng s\u1ebd m\u1ea5t d\u1ea7n. Trong khi \u0111\u00f3 ch\u1ee9ng kho\u00e1n c\u0169ng ch\u01b0a v\u00e0o chu k\u1ef3 kh\u1edfi s\u1eafc, \u0111\u1ed3ng USD kh\u00f4ng h\u1ea5p d\u1eabn, l\u00e3i su\u1ea5t ti\u1ebft ki\u1ec7m \u0111\u1ee9ng \u1edf m\u1ee9c th\u1ea5p v\u00e0 th\u1eadm ch\u00ed c\u00f2n c\u00f3 th\u1ec3 gi\u1ea3m n\u1eefa, k\u00eanh b\u1ea5t \u0111\u1ed9ng s\u1ea3n \u0111\u00e3 tr\u1edf n\u00ean h\u1ea5p d\u1eabn h\u01a1n nhi\u1ec1u n\u1ebfu nh\u00ecn v\u00e0o gi\u00e1 v\u00e0 c\u00e1c ch\u00ednh s\u00e1ch v\u0129 m\u00f4.<\/p>\n
D\u00f9 hi\u1ec7n nay thanh kho\u1ea3n b\u1ea5t \u0111\u1ed9ng s\u1ea3n v\u1eabn c\u00f2n y\u1ebfu, nh\u00e0 \u0111\u1ea7u t\u01b0 ch\u01b0a l\u1ea5y l\u1ea1i l\u00f2ng tin v\u1edbi th\u1ecb tr\u01b0\u1eddng n\u00e0y, nh\u01b0ng nh\u01b0 t\u00f4i \u0111\u00e3 n\u00f3i l\u00e0 c\u00e1c k\u00eanh \u0111\u1ea7u t\u01b0 kh\u00e1c kh\u00f4ng c\u00f2n h\u1ea5p d\u1eabn n\u1eefa, ch\u1ec9 b\u1ea5t \u0111\u1ed9ng s\u1ea3n c\u00f3 nhi\u1ec1u c\u01a1 h\u1ed9i kh\u1edfi s\u1eafc h\u01a1n. Tuy nhi\u00ean, c\u0169ng c\u1ea7n c\u00e2n nh\u1eafc v\u00ec b\u1ea5t \u0111\u1ed9ng s\u1ea3n l\u1ec7 thu\u1ed9c v\u00e0o chu k\u1ef3 kinh t\u1ebf, ch\u1ec9 khi kinh t\u1ebf v\u0129 m\u00f4 c\u1ee7a VN kh\u1edfi s\u1eafc th\u00ec th\u1ecb tr\u01b0\u1eddng n\u00e0y m\u1edbi kh\u1edfi s\u1eafc.<\/p>\n
Theo \u00f4ng, nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean b\u1ecf v\u1ed1n v\u00e0o ph\u00e2n kh\u00fac b\u1ea5t \u0111\u1ed9ng s\u1ea3n n\u00e0o?<\/p>\n
N\u1ebfu l\u00e0 ng\u01b0\u1eddi mua nh\u00e0 \u0111\u1ec3 \u1edf, ch\u1eafc ch\u1eafn kh\u00f4ng n\u00ean ch\u1ea7n ch\u1eeb t\u1ea1i th\u1eddi \u0111i\u1ec3m n\u00e0y n\u1ebfu \u0111\u00e3 ti\u1ebft ki\u1ec7m \u0111\u01b0\u1ee3c m\u1ed9t kho\u1ea3n kha kh\u00e1 do gi\u00e1 nh\u00e0 \u0111\u00e3 gi\u1ea3m s\u00e2u v\u00e0 l\u00e3i su\u1ea5t cho vay c\u0169ng m\u1ec1m h\u01a1n. C\u00f2n \u0111\u1ed1i v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0, theo t\u00f4i, t\u00f9y v\u00e0o kh\u1ea3 n\u0103ng t\u00e0i ch\u00ednh m\u00e0 ch\u1ecdn l\u1ef1a nh\u1eefng ph\u00e2n kh\u00fac ph\u00f9 h\u1ee3p. Ch\u1eb3ng h\u1ea1n, n\u1ebfu anh c\u00f3 nhi\u1ec1u v\u1ed1n nh\u00e0n r\u1ed7i th\u00ec c\u00f3 th\u1ec3 mua nh\u1eefng b\u1ea5t \u0111\u1ed9ng s\u1ea3n gi\u00e1 cao v\u00ec gi\u00e1 \u0111ang \u1edf m\u1ee9c th\u1ea5p, m\u1ed9t khi n\u1ec1n kinh t\u1ebf ph\u1ee5c h\u1ed3i th\u00ec gi\u00e1 s\u1ebd \u201cch\u1ea1y\u201d nhanh v\u00e0 m\u1ea1nh h\u01a1n, l\u1ee3i nhu\u1eadn nhi\u1ec1u h\u01a1n.<\/p>\n
V\u1edbi nh\u1eefng nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 s\u1ed1 v\u1ed1n kh\u00f4ng l\u1edbn, h\u1ecd c\u00f3 th\u1ec3 ch\u1ecdn \u0111\u1ea5t n\u1ec1n gi\u00e1 r\u1ebb ho\u1eb7c c\u0103n h\u1ed9 th\u01b0\u01a1ng m\u1ea1i gi\u00e1 v\u1eeba ph\u1ea3i, di\u1ec7n t\u00edch nh\u1ecf, nh\u01b0ng nh\u1edb l\u00e0 ph\u1ea3i t\u00ecm hi\u1ec3u k\u1ef9 v\u1ec1 d\u1ef1 \u00e1n c\u0169ng nh\u01b0 ch\u1ee7 \u0111\u1ea7u t\u01b0. T\u1ea5t nhi\u00ean, c\u01a1 h\u1ed9i ki\u1ebfm l\u1ee3i trong ng\u1eafn h\u1ea1n \u0111\u1ed1i v\u1edbi b\u1ea5t \u0111\u1ed9ng s\u1ea3n l\u00e0 kh\u00f4ng nhi\u1ec1u, m\u00e0 ph\u1ea3i t\u00ednh chuy\u1ec7n \u0111\u01b0\u1eddng d\u00e0i. V\u00ec t\u00e2m l\u00fd chung c\u1ee7a ng\u01b0\u1eddi VN l\u00e0 khi c\u00f3 ti\u1ec1n nh\u00e0n r\u1ed7i nhi\u1ec1u, h\u1ecd \u0111\u1ec1u mua b\u1ea5t \u0111\u1ed9ng s\u1ea3n l\u00e0m c\u1ee7a \u0111\u1ec3 d\u00e0nh.<\/p>\n
Nh\u01b0ng nhi\u1ec1u \u00fd ki\u1ebfn cho r\u1eb1ng gi\u00e1 b\u1ea5t \u0111\u1ed9ng s\u1ea3n hi\u1ec7n nay v\u1eabn ch\u01b0a h\u1ea5p d\u1eabn?<\/p>\n
Gi\u00e1 b\u1ea5t \u0111\u1ed9ng s\u1ea3n hi\u1ec7n nay \u0111\u00e3 xu\u1ed1ng, t\u00f9y theo ph\u00e2n kh\u00fac m\u00e0 ng\u01b0\u1eddi ta \u0111\u00e1nh gi\u00e1 trung b\u00ecnh xu\u1ed1ng 30-50% nh\u01b0ng v\u1eabn cao so v\u1edbi thu nh\u1eadp c\u1ee7a ng\u01b0\u1eddi d\u00e2n. Tuy nhi\u00ean, r\u1ea5t kh\u00f3 \u0111\u1ec3 k\u00e9o gi\u00e1 b\u1ea5t \u0111\u1ed9ng s\u1ea3n xu\u1ed1ng m\u1ee9c ph\u00f9 h\u1ee3p v\u1edbi t\u00fai ti\u1ec1n c\u1ee7a \u0111\u1ea1i \u0111a s\u1ed1 ng\u01b0\u1eddi d\u00e2n do thu nh\u1eadp b\u00ecnh qu\u00e2n \u0111\u1ea7u ng\u01b0\u1eddi VN c\u00f2n th\u1ea5p. H\u01a1n n\u1eefa, v\u1edbi chi ph\u00ed \u0111\u1ec1n b\u00f9 gi\u1ea3i t\u1ecfa, \u0111\u1ea7u t\u01b0 h\u1ea1 t\u1ea7ng, \u0111\u1ea7u t\u01b0 cho d\u1ef1 \u00e1n… ng\u00e0y c\u00e0ng t\u0103ng ch\u1ee9 \u0111\u00e2u c\u00f3 gi\u1ea3m, trong khi ti\u1ec1n s\u1eed d\u1ee5ng \u0111\u1ea5t theo nhi\u1ec1u doanh nghi\u1ec7p k\u00eau l\u00e0 cao m\u1ed9t c\u00e1ch b\u1ea5t h\u1ee3p l\u00fd, l\u00e0m sao bu\u1ed9c doanh nghi\u1ec7p k\u00e9o gi\u00e1 c\u0103n h\u1ed9 xu\u1ed1ng th\u1ea5p h\u01a1n n\u1eefa.<\/p>\n
Di\u1ec5n bi\u1ebfn th\u1ef1c t\u1ebf tr\u00ean th\u1ecb tr\u01b0\u1eddng th\u1eddi gian qua cho th\u1ea5y h\u00e0ng lo\u1ea1t doanh nghi\u1ec7p b\u1ea5t \u0111\u1ed9ng s\u1ea3n \u0111\u00e3 l\u1ed7 n\u1eb7ng, th\u1eadm ch\u00ed nhi\u1ec1u \u00f4ng l\u1edbn b\u1ea5t \u0111\u1ed9ng s\u1ea3n \u0111ang th\u00e1o ch\u1ea1y kh\u1ecfi th\u1ecb tr\u01b0\u1eddng n\u00e0y. N\u1ebfu ng\u01b0\u1eddi c\u00f3 nhu c\u1ea7u nh\u00e0 \u1edf th\u1eadt s\u1ef1 c\u1ee9 ti\u1ebfp t\u1ee5c ch\u1edd, t\u00f4i cho r\u1eb1ng c\u01a1 h\u1ed9i s\u1ebd tr\u00f4i qua n\u1ebfu c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 nh\u1ea3y v\u00e0o tr\u01b0\u1edbc. Nh\u00e0 \u0111\u1ea7u t\u01b0 c\u0169ng v\u1eady, n\u1ebfu h\u1ecd ch\u1ecdn \u0111\u00fang th\u1eddi \u0111i\u1ec3m th\u00ec h\u1ecd s\u1ebd \u201cth\u1eafng\u201d nh\u1eefng ng\u01b0\u1eddi ch\u1eadm ch\u00e2n h\u01a1n. <\/p>\n<\/blockquote>\n