{"id":1379,"date":"2017-10-08T14:15:58","date_gmt":"2017-10-08T14:15:58","guid":{"rendered":"https:\/\/blog.ngocha.biz\/?p=1379"},"modified":"2017-10-08T14:15:58","modified_gmt":"2017-10-08T14:15:58","slug":"thong-minh-tai-chinh-p12-6-bang-can-doi-ke-toan-gia-tri-thuong-hieu","status":"publish","type":"post","link":"https:\/\/blog.ngocha.biz\/?p=1379","title":{"rendered":"Th\u00f4ng minh t\u00e0i ch\u00ednh (P12-6 : B\u1ea3ng c\u00e2n \u0111\u1ed1i k\u1ebf to\u00e1n- Gi\u00e1 tr\u1ecb th\u01b0\u01a1ng hi\u1ec7u)"},"content":{"rendered":"
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\n 5\/5 – (3 votes) <\/div>\n<\/p><\/div>\n

B\u00e1o c\u00e1o t\u00e0i ch\u00ednh c\u1ee7a Vingroup \u0111\u01b0\u1ee3c d\u00f9ng \u0111\u1ec3 l\u00e0m v\u00ed d\u1ee5 b\u1ea1n c\u1ea7n ph\u1ea3i t\u1ea3i v\u1ec1 \u0111\u1ec3 hi\u1ec3u entry n\u00e0y:\u00a0VIC_17Q2_BCTC_HNSX<\/a><\/em><\/p>\n

18. Gi\u00e1 tr\u1ecb th\u01b0\u01a1ng hi\u1ec7u<\/strong><\/span><\/h1>\n

C\u00f3 hai c\u0103n nh\u00e0 gi\u1ed1ng h\u1ec7t nhau v\u1ec1 m\u1ecdi m\u1eb7t, m\u1ed9t nh\u00e0 c\u1ee7a VIN v\u00e0 m\u1ed9t nh\u00e0 c\u1ee7a \u0110\u1ea1i gia L\u00ea Thanh Th\u1ea3n, b\u1ea1n ch\u1ecdn c\u0103n nh\u00e0 n\u00e0o? Ch\u1eafc l\u00e0 nh\u00e0 c\u1ee7a anh V\u01b0\u1ee3ng, t\u1ea1i sao? V\u00ec gi\u00e1 tr\u1ecb th\u01b0\u01a1ng hi\u1ec7u Vin cao h\u01a1n trong m\u1eaft b\u1ea1n. N\u00f3i nh\u00e0 m\u00ecnh \u1edf c\u1ee7a Vin v\u1eabn o\u00e1ch h\u01a1n nh\u00e0 c\u1ee7a anh Th\u1ea3n.<\/p>\n

Kh\u00f4ng ph\u1ea3i l\u00fac n\u00e0o ch\u00fang ta c\u0169ng c\u00f3 \u0111\u1ee7 tr\u00ecnh \u0111\u1ed9 \u0111\u1ec3 th\u1ea9m \u0111\u1ecbnh h\u1ebft gi\u00e1 tr\u1ecb th\u1ef1c s\u1ef1 c\u1ee7a m\u1ed9t s\u1ea3n ph\u1ea9m v\u00ec v\u1eady quy\u1ebft \u0111\u1ecbnh mua c\u00e1i g\u00ec ph\u1ee5 thu\u1ed9c r\u1ea5t l\u1edbn v\u00e0o gi\u00e1 tr\u1ecb th\u01b0\u01a1ng hi\u1ec7u c\u1ee7a s\u1ea3n ph\u1ea9m. Gi\u00e1 tr\u1ecb th\u01b0\u01a1ng hi\u1ec7u \u0111\u01b0\u1ee3c h\u00ecnh th\u00e0nh th\u00f4ng qua qu\u1ea3ng c\u00e1o, PR, s\u1eed d\u1ee5ng th\u1ef1c t\u1ebf,…<\/p>\n

Gi\u00e1 tr\u1ecb th\u01b0\u01a1ng hi\u1ec7u \u0111\u01b0\u1ee3c \u0111\u1ecbnh gi\u00e1 trong qu\u00e1 tr\u00ecnh \u0111\u1ecbnh gi\u00e1 nh\u1eb1m mua b\u00e1n doanh nghi\u1ec7p nh\u01b0ng tr\u00ean b\u1ea3ng c\u00e2n \u0111\u1ed1i k\u1ebf to\u00e1n n\u00f3 kh\u00f4ng \u0111\u01b0\u1ee3c th\u1ec3 hi\u1ec7n. Trong m\u1ee5c t\u00e0i s\u1ea3n c\u1ed1 \u0111\u1ecbnh v\u00f4 h\u00ecnh kh\u00f4ng h\u1ec1 c\u00f3 m\u1ee5c Gi\u00e1 tr\u1ecb th\u01b0\u01a1ng hi\u1ec7u.<\/p>\n

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Nguy\u00ean nh\u00e2n v\u00ec gi\u00e1 tr\u1ecb th\u01b0\u01a1ng hi\u1ec7u l\u00e0 gi\u00e1 tr\u1ecb kh\u00f3 \u0111o \u0111\u1ebfm ch\u00ednh x\u00e1c. N\u1ebfu \u0111\u1ec3 DN t\u1ef1 \u0111\u1ecbnh gi\u00e1 DN c\u1ee7a m\u00ecnh v\u00e0 cho v\u00e0o B\u1ea3ng c\u00e2n \u0111\u1ed1i k\u1ebf to\u00e1n th\u00ec h\u1ecd c\u00f3 th\u1ec3 d\u00f9ng n\u00f3 \u0111\u1ec3 t\u0103ng t\u1ed5ng t\u00e0i s\u1ea3n c\u1ee7a m\u00ecnh. \u0110\u1ecbnh gi\u00e1 10 t\u1ef7 hay 100 t\u1ef7 th\u00ec ai m\u00e0 th\u1ea9m \u0111\u1ecbnh \u0111\u01b0\u1ee3c, ch\u01b0a k\u1ec3 gi\u00e1 tr\u1ecb th\u01b0\u01a1ng hi\u1ec7u thay \u0111\u1ed5i bi\u1ebfn thi\u00ean theo th\u1eddi gian. M\u1ed9t th\u01b0\u01a1ng hi\u1ec7u n\u01b0\u1edbc m\u1eafm h\u00f4m nay c\u00f3 gi\u00e1 tr\u1ecb r\u1ea5t l\u1edbn nh\u01b0ng ng\u00e0y mai c\u00f3 th\u1ec3 v\u1ec1 \u00e2m n\u1ebfu nh\u01b0 tin \u0111\u1ed3n lan truy\u1ec1n c\u00f3 ch\u1ea5t \u0111\u1ed9c h\u1ea1i trong c\u00e1c s\u1ea3n ph\u1ea9m c\u1ee7a h\u1ecd.<\/p>\n

Gi\u00e1 tr\u1ecb th\u01b0\u01a1ng hi\u1ec7u ch\u00ednh l\u00e0 g\u00f3p ph\u1ea7n t\u1ea1o ra m\u1ee5c L\u1ee3i th\u1ebf th\u01b0\u01a1ng m\u1ea1i<\/a>. L\u00e0 ch\u00eanh l\u1ec7ch gi\u1eefa gi\u00e1 tr\u1ecb s\u1ed5 s\u00e1ch v\u00e0 gi\u00e1 tr\u1ecb trao \u0111\u1ed5i th\u1ef1c t\u1ebf.<\/p>\n

19. \u0110\u1ea7u t\u01b0 t\u00e0i ch\u00ednh d\u00e0i h\u1ea1n<\/strong><\/span><\/h1>\n

VIN l\u00e0 m\u1ed9t t\u1eadp \u0111o\u00e0n l\u1edbn, n\u00f3 mua c\u00e1c doanh nghi\u1ec7p \u0111\u1ec3 c\u00f3 th\u1ec3 m\u1edf r\u1ed9ng ho\u1ea1t \u0111\u1ed9ng kinh doanh m\u1ed9t c\u00e1ch nhanh nh\u1ea5t. B\u00ean c\u1ea1nh \u0111\u00f3 VIN c\u00f2n \u0111\u1ea7u t\u01b0 v\u00e0o c\u00e1c c\u00f4ng ty kh\u00e1c theo h\u00ecnh th\u1ee9c mua c\u1ed5 ph\u1ea7n, v\u1edbi kh\u1ea3 n\u0103ng bi\u1ec3u quy\u1ebft chi\u1ebfm t\u1ef7 l\u1ec7 l\u1edbn (m\u00e0 kh\u00f4ng ph\u1ea3i to\u00e0n b\u1ed9 nh\u01b0 h\u00ecnh th\u1ee9c mua DN)<\/p>\n

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Tr\u00ean b\u1ea3ng VIN d\u00f9ng 5.382 t\u1ef7 cho vi\u1ec7c n\u00e0y ( chi\u1ebfm t\u1ef7 l\u1ec7 5% trong t\u1ed5ng s\u1ed1 100 ngh\u00ecn t\u1ef7 t\u00e0i s\u1ea3n d\u00e0i h\u1ea1n). Ch\u00eanh l\u1ec7ch v\u1edbi 31\/12\/2016 l\u00e0 2000 t\u1ef7, trong 6 th\u00e1ng VIN \u0111\u00e3 \u0111\u1ea7u t\u01b0 2000 t\u1ef7 v\u00e0o c\u00e1c c\u00f4ng ty kh\u00e1c. Danh s\u00e1ch c\u00e1c c\u00f4ng ty li\u00ean k\u1ebft ch\u00fang ta tham chi\u1ebfu t\u1edbi m\u1ee5c 19.1.<\/p>\n

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T\u1ea1i sao VIN kh\u00f4ng d\u00f9ng ti\u1ec1n th\u1eeba c\u1ee7a m\u00ecnh \u0111\u1ec3 \u0111\u1ea7u t\u01b0 v\u00e0o l\u0129nh v\u1ef1c s\u1ea3n xu\u1ea5t ch\u00ednh m\u00e0 l\u1ea1i \u0111i \u0111\u1ea7u t\u01b0 v\u00e0o c\u00e1c c\u00f4ng ty kh\u00e1c? Ch\u00fang ta hi\u1ec3u \u0111\u01a1n gi\u1ea3n C\u00f4ng ty m\u1eb9 Vingroup ho\u1ea1t \u0111\u1ed9ng nh\u01b0 m\u1ed9t c\u00f4ng ty qu\u1ea3n l\u00fd qu\u1ef9, n\u00f3 s\u1edf h\u1eefu 52 c\u00f4ng ty v\u1edbi 100% v\u1ed1n, b\u00ean c\u1ea1nh \u0111\u00f3 th\u1ea5y \u1edf \u0111\u00e2u c\u00f3 l\u1ee3i nhu\u1eadn t\u1ed1t l\u00e0 n\u00f3 s\u1ebd \u0111\u1ea7u t\u01b0 ti\u1ec1n c\u1ee7a m\u00ecnh v\u00e0o c\u00e1c c\u00f4ng ty \u0111\u00f3 th\u00f4ng qua mua c\u1ed5 phi\u1ebfu.<\/p>\n

M\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 ri\u00eang l\u1ebb s\u1ebd kh\u00f4ng th\u1ec3 mua c\u1ed5 phi\u1ebfu c\u1ee7a m\u1ed9t trong 52 c\u00f4ng ty con tr\u1eeb khi VIN mua m\u1ed9t c\u00f4ng ty n\u00e0o \u0111\u00f3 trong qu\u00e1 kh\u1ee9 m\u00e0 kh\u00f4ng th\u1ec3 mua h\u1ebft c\u1ed5 phi\u1ebfu c\u1ee7a c\u00f4ng ty \u0111\u00f3 th\u00ec v\u1eabn c\u00f3 nh\u00e0 \u0111\u1ea7u t\u01b0 nh\u1ecf l\u1ebb n\u1eafm c\u1ed5 phi\u1ebfu c\u1ee7a c\u00e1c c\u00f4ng ty con. Nh\u00e0 \u0111\u1ea7u t\u01b0 gi\u1edd \u0111\u00e2y s\u1ebd mua c\u1ed5 phi\u1ebfu c\u1ee7a VIC gi\u1ed1ng nh\u01b0 m\u1ed9t h\u00ecnh th\u1ee9c g\u00f3p v\u1ed1n v\u00e0o qu\u1ef9, \u0103n chia l\u1ee3i nhu\u1eadn theo hi\u1ec7u qu\u1ea3 qu\u1ea3n l\u00fd v\u1ed1n c\u1ee7a c\u00f4ng ty m\u1eb9.<\/p>\n

B\u00ean c\u1ea1nh nh\u1eb1m t\u1edbi ti\u1ec1n th\u00ec vi\u1ec7c mua c\u1ed5 phi\u1ebfu c\u1ee7a c\u00e1c c\u00f4ng ty kh\u00e1c c\u0169ng c\u00f3 th\u1ec3 l\u00e0 n\u1eb1m trong chi\u1ebfn l\u01b0\u1ee3c d\u00e0i h\u1ea1n c\u1ee7a DN. Mu\u1ed1n \u0111\u1eb7t m\u1ed9t ch\u00e2n v\u00e0o m\u1ed9t ng\u00e0nh n\u00e0o \u0111\u00f3 \u0111\u1ec3 t\u00ecm hi\u1ec3u tr\u01b0\u1edbc khi quy\u1ebft \u0111\u1ecbnh mua h\u1eb3n m\u1ed9t c\u00f4ng ty trong ng\u00e0nh. V\u00ec v\u1eady danh s\u00e1ch c\u00f4ng ty li\u00ean k\u1ebft, bi\u1ebfn \u0111\u1ed9ng t\u0103ng gi\u1ea3m \u0111\u1ea7u t\u01b0 trong k\u1ef3 c\u00f3 th\u1ec3 cho ta m\u1ed9t c\u00e1i nh\u00ecn t\u1ed5ng qu\u00e1t v\u1ec1 \u0111\u1ecbnh h\u01b0\u1edbng kinh doanh d\u00e0i h\u1ea1n c\u1ee7a Ban l\u00e3nh \u0111\u1ea1o DN.<\/p>\n

20. T\u1ed5ng t\u00e0i s\u1ea3n -R\u00e0o c\u1ea3n gia nh\u1eadp ng\u00e0nh<\/strong><\/span><\/h1>\n

\u0110\u1ec3 kinh doanh b\u00e1n qu\u1ea7n \u00e1o qua m\u1ea1ng b\u1ea1n ch\u1ec9 c\u1ea7n s\u1ed1 v\u1ed1n v\u00e0i tri\u1ec7u t\u1edbi v\u00e0i ch\u1ee5c tri\u1ec7u, c\u00f3 \u00edt l\u00e0m \u00edt c\u00f3 nhi\u1ec1u l\u00e0m nhi\u1ec1u. T\u1ed5ng t\u00e0i s\u1ea3n b\u1eb1ng v\u1ed1n ho\u1eb7c g\u1ea5p v\u00e0i l\u1ea7n v\u1ed1n n\u1ebfu b\u1ea1n c\u00f3 vay ti\u1ec1n. B\u1ea5t c\u1ee9 ai c\u0169ng c\u00f3 th\u1ec3 gia nh\u1eadp ng\u00e0nh. Ng\u00e0y mai n\u1ebfu ch\u00e1n b\u1ea1n c\u00f3 th\u1ec3 d\u1eebng c\u00f4ng vi\u1ec7c KD c\u1ee7a m\u00ecnh b\u1eb1ng c\u00e1ch ng\u1eebng nh\u1eadp h\u00e0ng, b\u00e1n n\u1ed1t s\u1ed1 h\u00e0ng \u0111ang c\u00f3; r\u1eddi kh\u1ecfi ng\u00e0nh v\u1edbi chi ph\u00ed r\u1ea5t th\u1ea5p.<\/p>\n

C\u00e1c c\u00f4ng ty b\u1ea5t \u0111\u1ed9ng s\u1ea3n \u0111\u1ec1u c\u00f3 t\u1ed5ng t\u00e0i s\u1ea3n v\u00e0i ngh\u1ec9n t\u1ef7 tr\u1edf n\u00ean. \u0110\u00f3 l\u00e0 r\u00e0o c\u1ea3n v\u1ed1n r\u1ea5t l\u1edbn m\u00e0 c\u00e1c doanh nghi\u1ec7p c\u00f3 m\u00e1u th\u00ec c\u0169ng kh\u00f3 m\u00e0 nh\u1ea9y v\u00e0o \u0111\u01b0\u1ee3c. H\u00e3y th\u1eed t\u01b0\u1edfng t\u01b0\u01a1ng m\u1ed9t doanh nghi\u1ec7p mua m\u1ed9t m\u1ea3nh \u0111\u1ea5t, x\u00e2y m\u1ed9t c\u00e1i chung t\u01b0, r\u1ed3i b\u00e1n. \u00cdt c\u0169ng ph\u1ea3i m\u1ea5t 2 n\u0103m t\u1eeb l\u00fac c\u00f3 gi\u1ea5y ph\u00e9p t\u1edbi khi b\u00e1n \u0111\u01b0\u1ee3c nh\u00e0. Trong giai \u0111o\u1ea1n \u0111\u00f3 t\u1ed5ng t\u00e0i s\u1ea3n s\u1ebd n\u1edf ra c\u00f9ng v\u1edbi s\u1ed1 ti\u1ec1n \u0111i vay. M\u00e0 c\u00f3 DN b\u1ea5t \u0111\u1ed9ng s\u1ea3n n\u00e0o ch\u1ec9 ch\u0103m ch\u0103m x\u00e2y m\u1ed9t khu chung c\u01b0 \u0111\u00e2u, c\u00f9ng l\u00fac n\u00f3 c\u00f3 nhi\u1ec1u d\u1ef1 \u00e1n \u1edf kh\u1eafp n\u01a1i.<\/p>\n

M\u1ed9t DN r\u1ea5t kh\u00f3 gia nh\u1eadp ng\u00e0nh b\u1edbi T\u1ed5ng t\u00e0i s\u1ea3n ph\u1ea3i duy tr\u00ec r\u1ea5t l\u1edbn. Khi tho\u00e1t kh\u1ecfi ng\u00e0nh chi ph\u00ed c\u0169ng r\u1ea5t cao, bao nhi\u00eau m\u1ea3nh \u0111\u1ea5t, c\u0103n nh\u00e0, m\u00e1y m\u00f3c ph\u1ea3i thanh l\u00fd.<\/p>\n

Trong kinh doanh c\u00e1c doanh nghi\u1ec7p tr\u01b0\u1eddng v\u1ed1n th\u01b0\u1eddng \u0111\u1ea9y t\u1ed5ng t\u00e0i s\u1ea3n l\u00ean th\u1eadt cao; m\u1ed9t DN mu\u1ed1n t\u1ed3n t\u1ea1i trong ng\u00e0nh ph\u1ea3i duy tr\u00ec t\u1ed5ng t\u00e0i s\u1ea3n cao nh\u01b0 v\u1eady n\u1ebfu kh\u00f4ng n\u00f3 s\u1ebd kh\u00f4ng c\u00f3 l\u00e3i.<\/p>\n

T\u1ed5ng t\u00e0i s\u1ea3n l\u1edbn c\u00f3 ngh\u0129a r\u1eb1ng quy m\u00f4 s\u1ea3n xu\u1ea5t l\u1edbn d\u1eabn t\u1edbi t\u1eadn d\u1ee5ng l\u1ee3i th\u1ebf v\u1ec1 quy m\u00f4. C\u00e1c DN khi c\u00f3 quy m\u00f4 kh\u00f4ng b\u1eb1ng s\u1ebd kh\u00f4ng t\u1eadn d\u1ee5ng \u0111\u01b0\u1ee3c l\u1ee3i th\u1ebf n\u00e0y d\u1eabn t\u1edbi l\u1ee3i nhu\u1eadn nh\u1eadn \u0111\u01b0\u1ee3c th\u1ea5p h\u01a1n.<\/p>\n

V\u00ed d\u1ee5 1: S\u1ea3n xu\u1ea5t m\u00ec t\u00f4m<\/strong><\/p>\n