{"id":1347,"date":"2018-02-05T08:55:01","date_gmt":"2018-02-05T08:55:01","guid":{"rendered":"https:\/\/blog.ngocha.biz\/?p=1347"},"modified":"2018-02-05T08:55:01","modified_gmt":"2018-02-05T08:55:01","slug":"nhung-kien-thuc-ve-nguon-von","status":"publish","type":"post","link":"https:\/\/blog.ngocha.biz\/?p=1347","title":{"rendered":"Nh\u1eefng ki\u1ebfn th\u1ee9c v\u1ec1 ngu\u1ed3n v\u1ed1n"},"content":{"rendered":"
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\n 5\/5 – (7 votes) <\/div>\n<\/p><\/div>\n

Vi\u1ec7c \u0111\u1ecbnh gi\u00e1 doanh nghi\u1ec7p \u0111\u01a1n gi\u1ea3n nh\u1ea5t l\u00e0 l\u1ea5y t\u1ed5ng t\u00e0i s\u1ea3n tr\u1eeb \u0111i t\u1ed5ng n\u1ee3 tr\u00ean B\u1ea3ng c\u00e2n \u0111\u1ed1i k\u1ebf to\u00e1n g\u1ecdi l\u00e0 gi\u00e1 tr\u1ecb tr\u00ean s\u1ed5 s\u00e1ch c\u1ee7a doanh nghi\u1ec7p. Ph\u01b0\u01a1ng ph\u00e1p n\u00e0y nhanh nh\u01b0ng c\u00f3 nh\u01b0\u1ee3c \u0111i\u1ec3m l\u00e0 kh\u00f4ng t\u00ednh t\u1edbi kh\u1ea3 n\u0103ng sinh ti\u1ec1n c\u1ee7a doanh nghi\u1ec7p. N\u00f3 c\u0169ng t\u01b0\u01a1ng t\u1ef1 nh\u01b0 vi\u1ec7c ch\u1ec9 t\u00ednh gi\u00e1 tr\u1ecb c\u1ee7a b\u1ea1n th\u00f4ng qua vi\u1ec7c l\u1ea5y t\u1ed5ng t\u00e0i s\u1ea3n b\u1ea1n \u0111ang c\u00f3 tr\u1eeb \u0111i t\u1ed5ng n\u1ee3.<\/p>\n

C\u00e1c doanh nghi\u1ec7p t\u1edbi k\u00eau g\u1ecdi g\u00f3p v\u1ed1n \u1edf ch\u01b0\u01a1ng tr\u00ecnh Shark Tank<\/a> \u0111\u1ec1u l\u00e0 c\u00e1c doanh nghi\u1ec7p m\u1edbi v\u00e0o th\u1ecb tr\u01b0\u1eddng, ch\u01b0a ch\u1ee9ng minh \u0111\u01b0\u1ee3c kh\u1ea3 n\u0103ng sinh ti\u1ec1n c\u1ee7a DN b\u1eb1ng m\u1ed9t con s\u1ed1 c\u1ee5 th\u1ec3 m\u00e0 th\u01b0\u1eddng ch\u1ec9 l\u00e0 d\u1ef1 \u0111o\u00e1n. Ch\u00ednh v\u00ec ch\u1ec9 l\u00e0 d\u1ef1 \u0111o\u00e1n n\u00ean kh\u00f3 thuy\u1ebft ph\u1ee5c \u0111\u01b0\u1ee3c c\u00e1c Shark, n\u1ebfu thuy\u1ebft ph\u1ee5c \u0111\u01b0\u1ee3c th\u00ec c\u0169ng ph\u1ea3i gi\u1ea3m b\u1edbt con s\u1ed1 mong mu\u1ed1n \u0111i nhi\u1ec1u.<\/p>\n

V\u00ec kh\u00f4ng c\u00f3 d\u1eabn ch\u1ee9ng c\u1ee5 th\u1ec3 ch\u1ee9ng minh kh\u1ea3 n\u0103ng sinh ti\u1ec1n n\u00ean Shark th\u01b0\u1eddng \u0111\u00e1nh v\u00e0o kh\u00eda c\u1ea1nh gi\u00e1 tr\u1ecb hi\u1ec7n t\u1ea1i c\u1ee7a DN th\u00f4ng qua s\u1ed1 v\u1ed1n \u0111\u00e3 g\u00f3p t\u1eeb khi th\u00e0nh l\u1eadp t\u1edbi nay, s\u1ed1 m\u00e1y m\u00f3c \u0111\u00e3 mua, l\u01b0\u1ee3ng chi ph\u00ed h\u00e0ng th\u00e1ng,…m\u00e0 b\u1ecf qua \u0111i ti\u1ec1m n\u0103ng sinh ti\u1ec1n c\u1ee7a DN trong t\u01b0\u01a1ng lai.<\/p>\n

Trong entry n\u00e0y ch\u00fang ta s\u1ebd t\u00ecm hi\u1ec3u s\u00e2u v\u1ec1 m\u1ee5c V\u1ed0N CH\u1ee6 S\u1ede H\u1eeeU<\/strong> tr\u00ean b\u1ea3ng c\u00e2n \u0111\u1ed1i k\u1ebf to\u00e1n.<\/p>\n

\u0110\u1ec3 cho g\u1ea7n g\u0169i entry n\u00e0y s\u1ebd d\u00f9ng B\u00e1o c\u00e1o t\u00e0i ch\u00ednh c\u1ee7a c\u00f4ng ty XNK t\u1ed5ng h\u1ee3p 1 Vi\u1ec7t Nam (TH1) m\u00e0 Shark V\u01b0\u01a1ng l\u00e0m Ch\u1ee7 t\u1ecbch h\u1ed9i \u0111\u1ed3ng qu\u1ea3n tr\u1ecb. Shark V\u01b0\u01a1ng \u0111\u01b0\u1ee3c gi\u1edbi thi\u1ec7u trong ch\u01b0\u01a1ng tr\u00ecnh nh\u01b0 l\u00e0 t\u1ed5ng gi\u00e1m \u0111\u1ed1c c\u1ee7a SAM holding n\u01a1i \u00f4ng n\u1eafm gi\u1eef kho\u1ea3ng 6% c\u1ed5 ph\u1ea7n (~126 t\u1ef7).<\/p>\n

1.T\u00f3m t\u1eaft c\u00e1c m\u1ee5c trong B\u1ea3ng c\u00e2n \u0111\u1ed1i k\u1ebf to\u00e1n (BC\u0110KT)<\/strong><\/p>\n

BC\u0110KT bao g\u1ed3m 2 m\u1ee5c l\u1edbn m\u00e0 trong \u0111\u00f3 T\u00e0i s\u1ea3n = Ngu\u1ed3n v\u1ed1n. 2 M\u1ee5c l\u1edbn t\u00e1ch ra l\u00e0m 4 m\u1ee5c nh\u1ecf h\u01a1n l\u00e0 A.T\u00e0i s\u1ea3n ng\u1eafn h\u1ea1n, B.T\u00e0i s\u1ea3n d\u00e0i h\u1ea1n, C.N\u1ee3 ph\u1ea3i tr\u1ea3 v\u00e0 D.V\u1ed1n ch\u1ee7 s\u1edf h\u1eefu.<\/p>\n

T\u00e0i s\u1ea3n d\u00f9ng \u0111\u1ec3 cho doanh nghi\u1ec7p kinh doanh. Ngu\u1ed3n v\u1ed1n th\u1ec3 hi\u1ec7n ngu\u1ed3n g\u1ed1c c\u1ee7a t\u00e0i s\u1ea3n. T\u00e0i s\u1ea3n v\u00e0 Ngu\u1ed3n v\u1ed1n v\u00ec v\u1eady ph\u1ea3i b\u1eb1ng nhau t\u1ea1o ra t\u00ean g\u1ecdi B\u1ea3ng c\u00e2n \u0111\u1ed1i k\u1ebf to\u00e1n.<\/p>\n

M\u1ed9t doanh nghi\u1ec7p cho d\u00f9 nh\u1ecf t\u1edbi \u0111\u00e2u c\u0169ng kh\u00f4ng th\u1ec3 kh\u00f4ng c\u00f3 t\u00e0i s\u1ea3n. N\u1ebfu kh\u00f4ng l\u00e0 t\u00e0i s\u1ea3n d\u00e0i h\u1ea1n nh\u01b0 l\u00e0 m\u00e1y m\u00f3c, nh\u00e0 x\u01b0\u1edfng th\u00ec c\u0169ng c\u00f3 t\u00e0i s\u1ea3n ng\u1eafn h\u1ea1n l\u00e0 h\u00e0ng h\u00f3a d\u1edf dang, h\u00e0ng t\u1ed3n kho, ti\u1ec1n m\u1eb7t. M\u1ed7i m\u1ed9t ng\u00e0nh \u0111\u1ec1u c\u00f3 m\u1ed9t con s\u1ed1 t\u00e0i s\u1ea3n t\u1ed1i thi\u1ec3u m\u00e0 doanh nghi\u1ec7p trong \u0111\u00f3 bu\u1ed9c ph\u1ea3i th\u1ecfa m\u00e3n \u0111\u1ec3 t\u1ed3n t\u1ea1i. S\u1ed1 t\u00e0i s\u1ea3n t\u1ed1i thi\u1ec3u n\u00e0y ph\u1ea3n \u00e1nh quy m\u00f4 c\u1ee7a DN trong th\u1ecb tr\u01b0\u1eddng l\u00e0 m\u1ed9t trong c\u00e1c r\u00e0o c\u1ea3n gia nh\u1eadp ng\u00e0nh<\/a> \u0111\u01b0\u1ee3c DN t\u00ednh t\u1edbi \u0111\u1ec3 gi\u1ea3m b\u1edbt \u0111\u1ed1i th\u1ee7 c\u1ea1nh tranh.<\/p>\n

T\u00e0i s\u1ea3n s\u1eafp x\u1ebfp theo t\u00ednh l\u1ecfng gi\u1ea3m d\u1ea7n, t\u1eeb ng\u1eafn h\u1ea1n t\u1edbi d\u00e0i h\u1ea1n. Ngu\u1ed3n v\u1ed1n bao g\u1ed3m N\u1ee3 (n\u1ee3 ng\u1eafn h\u1ea1n, n\u1ee3 d\u00e0i h\u1ea1n) v\u00e0 V\u1ed1n ch\u1ee7 s\u1edf h\u1eefu.<\/p>\n

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2. M\u1ee5c v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu<\/strong><\/p>\n

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V\u1ed1n ch\u1ee7 s\u1edf h\u1eefu l\u00e0 s\u1ed1 v\u1ed1n g\u00f3p khi th\u00e0nh l\u1eadp c\u00f4ng ty, g\u00f3p th\u00eam ho\u1eb7c r\u00fat \u0111i trong qu\u00e1 tr\u00ecnh ho\u1ea1t \u0111\u1ed9ng c\u1ee7a c\u00f4ng ty t\u1edbi th\u1eddi \u0111i\u1ec3m n\u00e0y.\u00a0BC\u0110KT l\u00e0 m\u1ed9t \u1ea3nh ch\u1ee5p t\u1ea1i m\u1ed9t th\u1eddi \u0111i\u1ec3m v\u00ec v\u1eady n\u00f3 l\u00e0 s\u1ed1 li\u1ec7u c\u1ee7a th\u1eddi \u0111i\u1ec3m \u0111\u00f3.<\/p>\n

V\u1ed1n g\u00f3p ch\u1ee7 s\u1edf h\u1eefu n\u00e0y l\u00e0 s\u1ed1 ti\u1ec1n th\u1ef1c g\u00f3p c\u1ee7a ch\u1ee7 s\u1edf h\u1eefu n\u00f3 s\u1ebd tr\u00f9ng v\u1edbi V\u1ed1n \u0111i\u1ec1u l\u1ec7 c\u1ee7a c\u00f4ng ty. Gi\u1ea3 s\u1eed b\u1ea1n v\u00e0 nhi\u1ec1u ng\u01b0\u1eddi b\u1ea1n c\u00f9ng nhau th\u00e0nh l\u1eadp ra c\u00f4ng ty c\u00f3 s\u1ed1 v\u1ed1n l\u00e0 5 t\u1ef7 th\u00ec ngay t\u1ea1i th\u1eddi \u0111i\u1ec3m th\u00e0nh l\u1eadp kh\u00f4ng ph\u1ea3i c\u00e1c b\u1ea1n \u0111\u00e3 c\u00f3 ngay 5 t\u1ef7 ( ti\u1ec1n m\u1eb7t ho\u1eb7c c\u00e1c lo\u1ea1i t\u00e0i s\u1ea3n kh\u00e1c quy ra ti\u1ec1n), ph\u1ea3i m\u1ea5t m\u1ed9t th\u1eddi gian c\u00e1c b\u1ea1n m\u1edbi \u0111\u00f3ng g\u00f3p \u0111\u1ee7 b\u1eb1ng v\u1ed1n \u0111i\u1ec1u l\u1ec7. Theo \u0111i\u1ec1u 112 c\u1ee7a lu\u1eadt doanh nghi\u1ec7p th\u00ec c\u00e1c th\u00e0nh vi\u00ean c\u00f3 90 ng\u00e0y k\u1ec3 t\u1eeb ng\u00e0y \u0111\u01b0\u1ee3c c\u1ea5p gi\u1ea5y ch\u1ee9ng nh\u1eadn \u0110KKD. Qu\u00e1 ng\u00e0y n\u00e0y m\u00e0 v\u1ed1n g\u00f3p kh\u00f4ng \u0111\u1ee7 th\u00ec DN s\u1ebd ph\u1ea3i \u0111i\u1ec1u ch\u1ec9nh gi\u1ea3m v\u1ed1n \u0111i\u1ec1u l\u1ec7 v\u00e0 th\u00e0nh vi\u00ean kh\u00f4ng g\u00f3p \u0111\u1ee7 s\u1ebd m\u1ea5t quy\u1ec1n (trong th\u1eddi gian n\u1ee3 h\u1ecd v\u1eabn c\u00f3 quy\u1ec1n).<\/p>\n

Trong ch\u01b0\u01a1ng tr\u00ecnh Shark Tank khi m\u1ed9t ng\u01b0\u1eddi g\u00f3p v\u1ed1n \u0111\u1ebfn ch\u1ec9 c\u00f3 \u00fd t\u01b0\u1edfng hay m\u1ed9t c\u00f4ng th\u1ee9c s\u1ea3n ph\u1ea9m n\u00e0o \u0111\u00f3 th\u00ec th\u01b0\u1eddng b\u1ecb \u0111\u1ecbnh gi\u00e1 th\u1ea5p v\u1edbi kh\u1ea3 n\u0103ng b\u1eaft ch\u01b0\u1edbc. M\u1ed9t \u00fd t\u01b0\u1edfng, m\u1ed9t s\u00e1ng ch\u1ebf n\u00e0o \u0111\u00f3 ch\u1ec9 c\u00f3 gi\u00e1 tr\u1ecb khi n\u00f3 \u0111\u00e3 \u0111\u01b0\u1ee3c \u0111\u0103ng k\u00fd b\u1eb1ng s\u00e1ng ch\u1ebf \u0111\u1ec3 h\u1ea1n ch\u1ebf k\u1ebb b\u1eaft ch\u01b0\u1edbc; qu\u00e1 tr\u00ecnh \u0111\u0103ng k\u00fd b\u1eb1ng s\u00e1ng ch\u1ebf m\u1ea5t nhi\u1ec1u th\u1eddi gian v\u00e0 ti\u1ec1n c\u1ee7a n\u00ean \u00edt c\u00f3 ng\u01b0\u1eddi n\u00e0o \u0111\u1ee7 ki\u00ean nh\u1eabn xin \u0111\u01b0\u1ee3c c\u00e1i ch\u1ee9ng nh\u1eadn tr\u01b0\u1edbc khi b\u1eaft \u0111\u1ea7u c\u00f4ng b\u1ed1 hay s\u1ea3n xu\u1ea5t. Khi \u0111\u0103ng k\u00fd r\u1ed3i th\u00ec \u0111\u1ecbnh gi\u00e1 n\u00f3 l\u00e0 bao nhi\u00eau r\u1ea5t kh\u00f3. Gi\u1ed1ng nh\u01b0 tr\u01b0\u1eddng h\u1ee3p t\u00f4i t\u1edbi ch\u01b0\u01a1ng tr\u00ecnh v\u1edbi \u00fd t\u01b0\u1edfng 1000 qu\u00e1n tr\u00e0 \u0111\u00e1; \u00fd t\u01b0\u1edfng \u0111\u00f3 c\u00f3 th\u1ec3 hay … ho nh\u01b0ng ai c\u0169ng c\u00f3 th\u1ec3 s\u1eed d\u1ee5ng \u0111\u01b0\u1ee3c do v\u1eady n\u00f3 ch\u1eb3ng c\u00f3 gi\u00e1 tr\u1ecb g\u00ec d\u01b0\u1edbi con m\u1eaft c\u00e1c Shark.<\/p>\n

V\u1ed1n g\u00f3p ch\u1ee7 s\u1edf h\u1eefu c\u00f3 th\u1ec3 t\u0103ng b\u1eb1ng c\u00e1ch ph\u00e1t h\u00e0nh th\u00eam c\u1ed5 phi\u1ebfu v\u00e0 gi\u1ea3m khi doanh nghi\u1ec7p mua l\u1ea1i c\u1ed5 phi\u1ebfu v\u00e0 quy\u1ebft to\u00e1n (\u0110i\u1ec1u 131 lu\u1eadt DN). Khi ph\u00e1t h\u00e0nh hay mua v\u00e0 h\u1ee7y th\u00e0nh c\u00f4ng th\u00ec DN s\u1ebd ph\u1ea3i \u0111\u0103ng k\u00fd thay \u0111\u1ed5i v\u1ed1n \u0111i\u1ec1u l\u1ec7 (\u0110i\u1ec1u 44 ngh\u1ecb \u0111\u1ecbnh \u00a078\/2015\/N\u0110-CP). N\u1ebfu c\u1ed5 ph\u1ea7n mua v\u1ec1 m\u00e0 kh\u00f4ng quy\u1ebft to\u00e1n \u0111\u1ec3 gi\u1ea3m v\u1ed1n \u0111i\u1ec1u l\u1ec7 th\u00ec tr\u1edf th\u00e0nh c\u1ed5 phi\u1ebfu qu\u1ef9. Th\u01b0\u1eddng c\u00e1c DN mua l\u1ea1i c\u1ed5 ph\u1ea7n \u0111\u1ec3 tr\u1edf th\u00e0nh c\u1ed5 phi\u1ebfu qu\u1ef9<\/a> ch\u1ee9 \u00edt khi quy\u1ebft to\u00e1n gi\u1ea3m v\u1ed1n \u0111i\u1ec1u l\u1ec7.<\/p>\n

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C\u1ed5 phi\u1ebfu \u01b0u \u0111\u00e3i trong b\u1ea3ng n\u00e0y l\u00e0 c\u1ed5 phi\u1ebfu kh\u00f4ng c\u00f3 quy\u1ec1n bi\u1ec3u quy\u1ebft, th\u01b0\u1eddng \u0111\u01b0\u1ee3c b\u00e1n cho c\u00e1n b\u1ed9 c\u00f4ng nh\u00e2n vi\u00ean v\u1edbi gi\u00e1 \u01b0u \u0111\u00e3i. C\u1ed5 phi\u1ebfu n\u00e0y hay gi\u1edbi h\u1ea1n giao d\u1ecbch trong m\u1ed9t s\u1ed1 n\u0103m, n\u1ebfu nh\u01b0 trong n\u0103m \u0111\u00f3 c\u00e1n b\u1ed9 \u0111\u00f3 ngh\u1ec9 vi\u1ec7c th\u00ec s\u1ebd ph\u1ea3i b\u00e1n l\u1ea1i cho c\u00f4ng ty v\u1edbi gi\u00e1 mua ban \u0111\u1ea7u. N\u1ebfu h\u1ecd t\u1ed3n t\u1ea1i qua th\u1eddi gian h\u1ea1n ch\u1ebf giao d\u1ecbch th\u00ec ch\u00eanh l\u1ec7ch gi\u1eefa gi\u00e1 l\u00fac mua v\u00e0 gi\u00e1 th\u1eddi \u0111i\u1ec3m \u0111\u00f3 th\u01b0\u1eddng r\u1ea5t l\u1edbn (v\u00e0 t\u1ea5t nhi\u00ean c\u00f3 th\u1ec3 \u00e2m n\u1ebfu cty l\u00e0m \u0103n thua l\u1ed7).<\/p>\n

Th\u1eb7ng d\u01b0 v\u1ed1n c\u1ed5 ph\u1ea7n:<\/span> M\u1ec7nh gi\u00e1 c\u1ed5 phi\u1ebfu c\u1ee7a b\u1ea5t c\u1ee9 c\u1ed5 phi\u1ebfu doanh nghi\u1ec7p n\u00e0o \u0111\u1ec1u l\u00e0 10.000 \u0111\u1ed3ng\/c\u1ed5 phi\u1ebfu. Gi\u1ea3 s\u1eed doanh nghi\u1ec7p ph\u00e1t h\u00e0nh ra c\u00f4ng ch\u1ee9ng 1000 c\u1ed5 phi\u1ebfu v\u1edbi gi\u00e1 15.000 \u0111\u1ed3ng th\u00ec c\u00f3 1000 x 5000 \u0111 = 5.000.000 \u0111\u1ed3ng \u0111\u01b0\u1ee3c h\u1ea1ch to\u00e1n v\u00e0o Th\u1eb7ng d\u01b0 v\u1ed1n c\u1ed5 ph\u1ea7n<\/a>. Ta d\u1ec5 d\u00e0ng nh\u1eadn \u0111\u1ecbnh n\u1ebfu gi\u00e1 ph\u00e1t h\u00e0nh th\u1ea5p h\u01a1n m\u1ec7nh gi\u00e1 th\u00ec th\u1eb7ng d\u01b0 v\u1ed1n c\u1ed5 ph\u1ea7n s\u1ebd ghi nh\u1eadn kho\u1ea3n \u00e2m v\u00e0 ng\u01b0\u1ee3c l\u1ea1i.<\/p>\n

C\u1ed5 phi\u1ebfu qu\u1ef9 l\u00e0 gi\u00e1 tr\u1ecb c\u1ed5 phi\u1ebfu m\u00e0 c\u00f4ng ty mua \u0111\u1ec3 sau n\u00e0y t\u00e1i ph\u00e1t h\u00e0nh. Gi\u00e1 n\u00e0y bao g\u1ed3m gi\u00e1 mua, ph\u00ed,….C\u1ed5 phi\u1ebfu qu\u1ef9 s\u1ebd kh\u00f4ng \u0111\u01b0\u1ee3c nh\u1eadn c\u1ed5 t\u1ee9c, kh\u00f4ng \u0111\u01b0\u1ee3c bi\u1ec3u quy\u1ebft, …n\u00f3 \u0111\u01b0\u1ee3c coi nh\u01b0 c\u1ed5 phi\u1ebfu ch\u01b0a ph\u00e1t h\u00e0nh n\u1ebfu nh\u01b0 DN gi\u1ea3i th\u1ec3. \u0110\u1ecdc th\u00eam h\u1ea1ch to\u00e1n t\u00e0i kho\u1ea3n c\u1ed5 phi\u1ebfu qu\u1ef9 \u1edf cu\u1ed1i entry n\u00e0y \u0111\u1ec3 hi\u1ec3u h\u01a1n.<\/p>\n

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M\u1ee5c L\u1ee3i nhu\u1eadn sau thu\u1ebf ch\u01b0a ph\u00e2n ph\u1ed1i l\u00e0 kho\u1ea3n l\u00e3i\/l\u1ed7 ch\u01b0a chia cho c\u00e1c c\u1ed5 \u0111\u00f4ng. Khi c\u00f3 l\u00e3i th\u00ec c\u00f4ng ty c\u00f3 th\u1ec3 chia c\u1ed5 t\u1ee9c cho c\u1ed5 \u0111\u00f4ng theo t\u1ef7 l\u1ec7 % c\u1ee7a m\u1ec7nh gi\u00e1. V\u00ed d\u1ee5 n\u1ebfu tr\u1ea3 c\u1ed5 t\u1ee9c 10% th\u00ec c\u00f3 ngh\u0129a l\u00e0 m\u1ed7i c\u1ed5 phi\u1ebfu (cho d\u00f9 \u0111ang giao d\u1ecbch \u1edf b\u1ea5t c\u1ee9 gi\u00e1 n\u00e0o) c\u0169ng s\u1ebd nh\u1eadn \u0111\u01b0\u1ee3c 1000 \u0111\u1ed3ng. Ng\u00e0y ch\u1ed1t quy\u1ec1n nh\u1eadn c\u1ed5 t\u1ee9c l\u00e0 tr\u01b0\u1edbc “ng\u00e0y giao d\u1ecbch kh\u00f4ng h\u01b0\u1edfng quy\u1ec1n” v\u00e0 \u0111\u01b0\u1ee3c th\u00f4ng b\u00e1o tr\u01b0\u1edbc t\u1eeb kh\u00e1 l\u00e2u.<\/p>\n

Khi tr\u1ea3 c\u1ed5 t\u1ee9c b\u1eb1ng ti\u1ec1n th\u00ec ng\u01b0\u1eddi nh\u1eadn c\u1ed5 t\u1ee9c ph\u1ea3i ch\u1ecbu thu\u1ebf thu nh\u1eadp c\u00e1 nh\u00e2n t\u1eeb ph\u1ea7n v\u1ed1n g\u00f3p l\u00e0 5%. Nh\u01b0ng n\u1ebfu l\u01b0u s\u1ed1 ti\u1ec1n l\u1ee3i nhu\u1eadn n\u00e0y l\u1ea1i m\u00e0 kh\u00f4ng chia th\u00ec gi\u00e1 c\u1ed5 phi\u1ebfu v\u1ec1 l\u00fd thuy\u1ebft s\u1ebd t\u0103ng l\u00ean m\u1ed9t l\u01b0\u1ee3ng t\u01b0\u01a1ng \u1ee9ng l\u00e0m th\u1ecfa m\u00e3n c\u00e1c c\u1ed5 \u0111\u00f4ng v\u00e0 c\u00f4ng ty c\u00f3 ti\u1ec1n cho vi\u1ec7c kinh doanh. V\u00ec v\u1eady nhi\u1ec1u c\u00f4ng ty c\u00f3 th\u1ec3 kh\u00f4ng tr\u1ea3 c\u1ed5 t\u1ee9c c\u0169ng ch\u1eb3ng l\u00e0m c\u1ed5 \u0111\u00f4ng b\u1ea5t m\u00e3n. Apple gi\u1eef m\u1ed9t l\u01b0\u1ee3ng ti\u1ec1n m\u1eb7t l\u1edbn c\u0169ng v\u00ec \u0111\u00e3 l\u00e2u r\u1ed3i kh\u00f4ng chia c\u1ed5 t\u1ee9c b\u1eb1ng ti\u1ec1n.<\/p>\n

DN c\u00f3 th\u1ec3 ph\u00e1t h\u00e0nh th\u00eam c\u1ed5 phi\u1ebfu \u0111\u1ec3 l\u1ea5y ti\u1ec1n tr\u1ea3 c\u1ed5 t\u1ee9c. Khi ph\u00e1t h\u00e0nh th\u00eam c\u1ed5 phi\u1ebfu c\u00f3 ngh\u0129a r\u1eb1ng c\u1ed5 phi\u1ebfu c\u1ee7a c\u1ed5 \u0111\u00f4ng \u0111ang n\u1eafm gi\u1eef s\u1ebd b\u1ecb gi\u1ea3m gi\u00e1 tr\u1ecb \u0111i m\u1ed9t t\u1ef7 l\u1ec7 t\u01b0\u01a1ng \u1ee9ng. Nh\u01b0 v\u1eady th\u1ef1c ra l\u00e0 ch\u1ec9 chuy\u1ec3n m\u1ed9t ph\u1ea7n gi\u00e1 tr\u1ecb t\u1eeb c\u1ed5 ph\u1ea7n sang ti\u1ec1n m\u1eb7t ch\u1ee9 c\u1ed5 \u0111\u00f4ng kh\u00f4ng l\u1ee3i l\u1ed9c g\u00ec th\u00eam. Ph\u01b0\u01a1ng ph\u00e1p n\u00e0y ch\u1ec9 c\u00f3 l\u1ee3i \u00edch \u0111\u1ed1i v\u1edbi c\u1ed5 \u0111\u00f4ng khi c\u00f4ng ty \u0111ang trong giai \u0111o\u1ea1n t\u0103ng tr\u01b0\u1edfng n\u00ean c\u1ea7n ti\u1ec1n \u0111\u1ec3 \u0111\u1ea7u t\u01b0.<\/p>\n

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TH1 \u0111ang ghi nh\u1eadn kho\u1ea3n l\u1ee3i nhu\u1eadn \u00e2m li\u00ean t\u1ee5c, 9 th\u00e1ng \u0111\u1ea7u n\u0103m 2017 DN \u0111\u00e3 l\u1ed7 th\u00eam h\u01a1n 4 t\u1ef7 \u0111\u1ed3ng n\u00e2ng t\u1ed5ng s\u1ed1 l\u1ed7 l\u00ean h\u01a1n 134 t\u1ef7. S\u1ed1 l\u1ed7 t\u00edch l\u0169y g\u1ea7n b\u1eb1ng v\u1ed1n g\u00f3p n\u00ean c\u01a1 b\u1ea3n l\u00e0 c\u00e1c c\u1ed5 \u0111\u00f4ng \u0111\u00e3 m\u1ea5t h\u1ebft ti\u1ec1n v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu m\u00e0 m\u00ecnh g\u00f3p. N\u1ebfu DN kh\u00f4ng gi\u1ea3i th\u1ec3 th\u00ec n\u00f3 c\u0169ng th\u1ec3 hi\u1ec7n b\u1eb1ng gi\u00e1 c\u1ed5 phi\u1ebfu c\u1ee7a TH1 s\u1ebd nh\u01b0 b\u00e8o. Hi\u1ec7n t\u1ea1i TH1 \u0111ang giao d\u1ecbch v\u1edbi gi\u00e1 5000\u0111\/cp v\u00e0 h\u1ea7u nh\u01b0 c\u0169ng kh\u00f4ng c\u00f3 ng\u01b0\u1eddi mua.<\/p>\n

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Ngo\u1ea3i tr\u1ea3 c\u1ed5 t\u1ee9c b\u1eb1ng ti\u1ec1n th\u00ec doanh nghi\u1ec7p c\u00f3 th\u1ec3 tr\u1ea3 c\u1ed5 t\u1ee9c b\u1eb1ng c\u1ed5 phi\u1ebfu. V\u00ed d\u1ee5 nh\u01b0 m\u1ee9c tr\u1ea3 l\u00e0 10% c\u00f3 ngh\u0129a r\u1eb1ng n\u1ebfu b\u1ea1n gi\u1eef 1000 c\u1ed5 phi\u1ebfu th\u00ec b\u1ea1n s\u1ebd c\u00f3 th\u00eam 100 c\u1ed5 phi\u1ebfu n\u1eefa. H\u00ecnh th\u1ee9c tr\u1ea3 n\u00e0y l\u00e0m t\u0103ng v\u1ed1n \u0111i\u1ec1u l\u1ec7 c\u00f4ng ty nh\u01b0ng l\u00e0m gi\u1ea3m m\u1ee5c “l\u1ee3i nhu\u1eadn sau thu\u1ebf ch\u01b0a ph\u00e2n ph\u1ed1i” v\u1ec1 c\u01a1 b\u1ea3n s\u1ebd kh\u00f4ng c\u00f3 d\u00f2ng ti\u1ec1n n\u00e0o ch\u1ea3y v\u00e0o th\u1ef1c s\u1ef1 gi\u1ed1ng nh\u01b0 vi\u1ec7c DN ph\u00e1t h\u00e0nh c\u1ed5 phi\u1ebfu ra c\u00f4ng ch\u00fang.<\/p>\n

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\u0110\u1ee9ng \u1edf v\u1ecb tr\u00ed l\u00e0 c\u1ed5 \u0111\u00f4ng s\u1ebd kh\u00f4ng c\u00f3 thay \u0111\u1ed5i nhi\u1ec1u, h\u1ecd ch\u1ec9 n\u1eafm gi\u1eef nhi\u1ec1u c\u1ed5 ph\u1ea7n h\u01a1n nh\u01b0ng gi\u00e1 tr\u1ecb quy ra ti\u1ec1n kh\u00f4ng \u0111\u1ed5i; gi\u00e1 tr\u1ecb th\u1ecb tr\u01b0\u1eddng c\u1ee7a c\u1ed5 phi\u1ebfu s\u1ebd gi\u1ea3m \u0111i m\u1ed9t t\u1ef7 l\u1ec7 t\u01b0\u01a1ng \u1ee9ng v\u1edbi t\u1ef7 l\u1ec7 tr\u1ea3. Tuy nhi\u00ean, trong m\u1ed9t th\u1ecb tr\u01b0\u1eddng \u0111ang t\u0103ng \u0111i\u1ec3m th\u00ec gi\u00e1 c\u1ed5 phi\u1ebfu th\u01b0\u1eddng s\u1ebd t\u0103ng tr\u1edf l\u1ea1i v\u00ec v\u1eady c\u1ed5 \u0111\u00f4ng s\u1ebd \u0111\u01b0\u1ee3c l\u1ee3i trong d\u00e0i h\u1ea1n. Nh\u01b0ng trong m\u1ed9t th\u1ecb tr\u01b0\u1eddng \u0111i ngang ho\u1eb7c \u0111i xu\u1ed1ng th\u00ec ch\u1eb3ng c\u00f3 l\u1ee3i l\u1ed9c g\u00ec. V\u00ec v\u1eady trong m\u1ed9t th\u1ecb tr\u01b0\u1eddng gi\u00e1 gi\u1ea3m th\u00ec c\u1ed5 \u0111\u00f4ng th\u00edch nh\u1eadn c\u1ed5 t\u1ee9c ti\u1ec1n m\u1eb7t h\u01a1n.<\/p>\n

L\u00e3i c\u01a1 b\u1ea3n tr\u00ean c\u1ed5 phi\u1ebfu<\/strong><\/p>\n

L\u00e3i c\u01a1 b\u1ea3n tr\u00ean c\u1ed5 phi\u1ebfu l\u00e0 kh\u1ea3 n\u0103ng sinh l\u1eddi c\u1ee7a doanh nghi\u1ec7p trong k\u1ef3 b\u00e1o c\u00e1o. N\u00f3 \u0111\u01b0\u1ee3c th\u1ec3 hi\u1ec7n trong b\u00e1o c\u00e1o k\u1ebft qu\u1ea3 ho\u1ea1t \u0111\u1ed9ng kinh doanh \u1edf m\u1ee5c “L\u00e3i c\u01a1 b\u1ea3n tr\u00ean c\u1ed5 phi\u1ebfu”. Ta c\u00f3 th\u1ec3 so s\u00e1nh m\u1ee5c n\u00e0y gi\u1eefa c\u00e1c c\u00f4ng ty trong c\u00f9ng ng\u00e0nh \u0111\u1ec3 xem c\u00f4ng ty l\u00e0m hi\u1ec7u qu\u1ea3 h\u01a1n. Tuy nhi\u00ean ch\u00fang ta ch\u00fa \u00fd r\u1eb1ng gi\u00e1 c\u1ed5 phi\u1ebfu c\u1ee7a m\u1ed7i c\u00f4ng ty kh\u00e1c nhau; ch\u00fang ta mua 20.000\u0111\/cp\u00a0 c\u1ee7a DN c\u00f3 l\u00e3i 2000\u0111 c\u00f2n h\u01a1n l\u00e0 mua 30.000\u0111\/cp c\u1ee7a DN l\u00e3i 2.500 \u0111\u1ed3ng. Ch\u00ednh v\u00ec v\u1eady sinh th\u00eam m\u1ed9t ch\u1ec9 s\u1ed1 ph\u1ee5 l\u00e0 EPS ( Earning per Stock)<\/p>\n

Gi\u00e1 c\u1ed5 phi\u1ec3u<\/a> c\u1ee7a DN c\u0169ng gi\u1ed1ng nh\u01b0 gi\u00e1 tr\u00ean th\u1ecb tr\u01b0\u1eddng h\u00e0ng h\u00f3a th\u00f4ng th\u01b0\u1eddng, gi\u00e1 c\u00e2n b\u1eb1ng l\u00e0 gi\u00e1 m\u00e0 n\u01a1i cung v\u00e0 c\u1ea7u b\u1eb1ng nhau. N\u1ebfu \u0111\u1ec3 th\u1ecb tr\u01b0\u1eddng t\u1ef1 \u0111i\u1ec1u ti\u1ebft th\u00ec gi\u00e1 c\u1ee7a m\u1ed9t c\u1ed5 phi\u1ebfu lu\u00f4n ph\u1ea3n \u00e1nh \u0111\u00fang gi\u00e1 tr\u1ecb th\u1ef1c c\u1ee7a DN. N\u1ebfu \u1edf \u0111\u00e2u c\u00f3 c\u1ed5 phi\u1ebfu r\u1ebb th\u00ec ng\u01b0\u1eddi ta s\u1ebd \u0111\u1ed5 x\u00f4 t\u1edbi mua l\u00e0m cho l\u1ef1c c\u1ea7u t\u0103ng l\u00ean khi\u1ebfn gi\u00e1 t\u0103ng l\u00ean. N\u1ebfu \u1edf \u0111\u00e2u c\u1ed5 phi\u1ebfu \u0111\u1eaft th\u00ec ng\u01b0\u1eddi b\u00e1n s\u1ebd mu\u1ed1n b\u00e1n nhi\u1ec1u h\u01a1n khi\u1ebfn cho l\u1ef1c cung t\u0103ng d\u1eabn t\u1edbi gi\u00e1 gi\u1ea3m. Do v\u1eady, v\u1ec1 d\u00e0i h\u1ea1n th\u00ec gi\u00e1 ph\u1ea3n \u00e1nh \u0111\u00fang gi\u00e1 c\u1ee7a c\u1ed5 phi\u1ebfu.<\/p>\n

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Trong b\u1ea3ng ta th\u1ea5y trong k\u1ef3 n\u00e0y DN c\u00f3 kho\u1ea3n Chi ph\u00ed Qu\u1ea3n l\u00fd DN t\u0103ng m\u1ed9t c\u00e1ch b\u1ea5t th\u01b0\u1eddng so v\u1edbi k\u1ef3 tr\u01b0\u1edbc v\u00ec v\u1eady th\u01b0\u1eddng ng\u01b0\u1eddi \u0111\u1ecdc s\u1ebd ph\u1ea3i l\u1eadt t\u1edbi \u0111o\u1ea1n gi\u1ea3i th\u00edch trong BCTC.<\/p>\n

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Xem l\u1ea1i b\u1ea3ng c\u00e2n \u0111\u1ed1i k\u1ebf to\u00e1n xem c\u00f3 kho\u1ea3n qu\u1ef9 n\u00e0o b\u1ecb gi\u1ea3m \u0111i so v\u1edbi k\u00fd tr\u01b0\u1edbc nhi\u1ec1u t\u01b0\u01a1ng \u1ee9ng kh\u00f4ng th\u00ec ta ra v\u00e0i m\u1ee5c c\u00f3 v\u1ea5n \u0111\u1ec1 nh\u01b0 d\u1ef1 ph\u00f2ng c\u00e1c kho\u1ea3n ph\u1ea3i thu kh\u00f3 \u0111\u00f2i b\u1ecb t\u0103ng th\u00eam 43 t\u1ef7. C\u00f3 v\u1ebb DN \u0111ang c\u00f3 v\u1ea5n \u0111\u1ec1 v\u1ec1 c\u00e1c kho\u1ea3n c\u00f4ng n\u1ee3. Mu\u1ed1n s\u00e2u h\u01a1n ta ph\u1ea3i \u1edf trong b\u1ed9 m\u00e1y.<\/p>\n

Vi\u1ec7c kinh doanh c\u00f3 l\u00e3i c\u00f3 l\u1ed7, kh\u00f4ng ph\u1ea3i d\u1ef1 \u00e1n \u0111\u1ea7u t\u01b0 n\u00e0o c\u0169ng sinh l\u00e3i. B\u1ea1n c\u00f3 th\u1ec3 m\u1ea5t h\u1ebft s\u1ed1 v\u1ed1n sau m\u1ed9t n\u1ed1t nh\u1ea1c nh\u01b0ng c\u0169ng c\u00f3 th\u1ec3 c\u00f3 \u0111\u01b0\u1ee3c thu nh\u1eadp g\u1ea5p nhi\u1ec1u l\u1ea7n so v\u1edbi g\u1eedi ti\u1ec1n ng\u00e2n h\u00e0ng. M\u1ecdi th\u1ee9 \u0111\u1ec1u c\u00f3 c\u00e1i gi\u00e1 c\u1ee7a n\u00f3.<\/p>\n

C\u00e1c file trong entry n\u00e0y:<\/strong><\/span><\/p>\n