{"id":2044,"date":"2018-02-02T15:20:58","date_gmt":"2018-02-02T08:20:58","guid":{"rendered":"http:\/\/khoahocnganhang.org.vn\/news\/?p=2044"},"modified":"2018-02-02T15:20:58","modified_gmt":"2018-02-02T08:20:58","slug":"dieu-hanh-chinh-sach-tien-te-ho-tro-cho-tang-truong-kinh-te-cua-ecb","status":"publish","type":"post","link":"http:\/\/khoahocnganhang.org.vn\/news\/vi\/dieu-hanh-chinh-sach-tien-te-ho-tro-cho-tang-truong-kinh-te-cua-ecb\/","title":{"rendered":"\u0110i\u1ec1u h\u00e0nh ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 h\u1ed7 tr\u1ee3 cho t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf c\u1ee7a ECB"},"content":{"rendered":"

\u00a0 \u00a0 \u00a0Trong m\u1ed9t s\u1ed1 n\u0103m g\u1ea7n \u0111\u00e2y, \u0111\u1eb7c bi\u1ec7t k\u1ec3 t\u1eeb th\u00e1ng 6\/2014, \u0111\u1ecbnh h\u01b0\u1edbng \u0111i\u1ec1u h\u00e0nh CSTT c\u1ee7a ECB theo h\u01b0\u1edbng duy tr\u00ec c\u00e1c bi\u1ec7n ph\u00e1p n\u1edbi l\u1ecfng nh\u1eb1m m\u1ee5c ti\u00eau ph\u1ee5c h\u1ed3i t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf v\u00e0 \u0111\u01b0a l\u1ea1m ph\u00e1t v\u1ec1 ng\u01b0\u1ee1ng m\u1ee5c ti\u00eau 2%. Nh\u1eefng bi\u1ec7n ph\u00e1p \u0111\u00f3 bao g\u1ed3m vi\u1ec7c th\u1ef1c hi\u1ec7n nghi\u1ec7p v\u1ee5 t\u00e1i c\u1ea5p v\u1ed1n d\u00e0i h\u1ea1n cho h\u1ec7 th\u1ed1ng ng\u00e2n h\u00e0ng trong khu v\u1ef1c (Targeted longer \u2013 term refinancing operations – TLTROs), ch\u01b0\u01a1ng tr\u00ecnh thu mua t\u00e0i s\u1ea3n (Asset purchase programme – APP) v\u00e0 duy tr\u00ec l\u00e3i su\u1ea5t \u0111i\u1ec1u h\u00e0nh \u1edf m\u1ee9c th\u1ea5p, \u0111\u1eb7c bi\u1ec7t ECB c\u0169ng l\u00e0 NHTW ph\u00e1t tri\u1ec3n \u0111\u1ea7u ti\u00ean \u0111\u00e3 \u00e1p d\u1ee5ng l\u00e3i su\u1ea5t huy \u0111\u1ed9ng \u1edf m\u1ee9c \u00e2m t\u1eeb th\u00e1ng 9 n\u0103m 2014 \u0111\u1ec3 khuy\u1ebfn kh\u00edch ho\u1ea1t \u0111\u1ed9ng cho vay \u0111\u1ed1i v\u1edbi c\u00e1c doanh nghi\u1ec7p trong khu v\u1ef1c. V\u00e0o t\u1eebng n\u0103m, \u0111\u1ecbnh h\u01b0\u1edbng \u0111i\u1ec1u h\u00e0nh CSTT n\u00e0y s\u1ebd c\u00f3 s\u1ef1 \u0111i\u1ec1u ch\u1ec9nh ph\u00f9 h\u1ee3p c\u0103n c\u1ee9 v\u00e0o di\u1ec5n bi\u1ebfn kinh t\u1ebf v\u0129 m\u00f4 trong khu v\u1ef1c.<\/p>\n

\u00a0 \u00a0 \u00a0N\u0103m 2017, \u0111\u1ec3 t\u1ea1o \u0111\u00e0 cho s\u1ef1 ph\u1ee5c h\u1ed3i \u1ed5n \u0111\u1ecbnh c\u1ee7a kinh t\u1ebf to\u00e0n khu v\u1ef1c, \u0111\u1ecbnh h\u01b0\u1edbng \u0111i\u1ec1u h\u00e0nh CSTT c\u1ee7a ECB v\u1eabn theo xu h\u01b0\u1edbng n\u1edbi l\u1ecfng m\u1ea1nh m\u1ebd c\u1ea3 v\u1ec1 m\u1ee9c \u0111\u1ed9 l\u1eabn quy m\u00f4. C\u1ee5 th\u1ec3, ECB v\u1eabn quy\u1ebft \u0111\u1ecbnh gi\u1eef nguy\u00ean c\u00e1c m\u1ee9c l\u00e3i su\u1ea5t ch\u00ednh s\u00e1ch, theo \u0111\u00f3 l\u00e3i su\u1ea5t t\u00e1i c\u1ea5p v\u1ed1n hi\u1ec7n \u0111ang \u1edf m\u1ee9c 0%, l\u00e3i su\u1ea5t cho vay qua \u0111\u00eam \u0111\u1ed1i v\u1edbi h\u1ec7 th\u1ed1ng ng\u00e2n h\u00e0ng \u1edf m\u1ee9c 0,25% v\u00e0 \u0111\u1eb7c bi\u1ec7t l\u00e0 l\u00e3i su\u1ea5t nh\u1eadn ti\u1ec1n g\u1eedi c\u1ee7a h\u1ec7 th\u1ed1ng ng\u00e2n h\u00e0ng \u0111ang \u1edf m\u1ee9c -0,4%.<\/p>\n

\"1\"<\/a><\/p>\n

\u0110\u00e2y \u0111\u1ec1u l\u00e0 c\u00e1c m\u1ee9c l\u00e3i su\u1ea5t th\u1ea5p k\u1ef7 l\u1ee5c c\u1ee7a ECB trong l\u1ecbch s\u1eed v\u00e0 \u0111\u00e3 \u0111\u01b0\u1ee3c duy tr\u00ec k\u1ec3 t\u1eeb th\u00e1ng 3\/2016 \u0111\u1ebfn nay. B\u00ean c\u1ea1nh \u0111\u00f3, trong n\u0103m 2017, ECB v\u1eabn \u0111\u1ec1u \u0111\u1eb7n b\u01a1m th\u00eam ti\u1ec1n ra n\u1ec1n kinh t\u1ebf th\u00f4ng qua vi\u1ec7c ti\u1ebfp t\u1ee5c th\u1ef1c hi\u1ec7n ch\u01b0\u01a1ng tr\u00ecnh thu mua t\u00e0i s\u1ea3n trong khu v\u1ef1c. M\u1ee9c t\u00e0i s\u1ea3n mua v\u1ec1 c\u1ee7a ECB duy tr\u00ec \u1edf m\u1ee9c 60 t\u1ef7 EUR h\u00e0ng th\u00e1ng trong giai \u0111o\u1ea1n 3 qu\u00fd \u0111\u1ea7u n\u0103m v\u00e0 ch\u1ec9 b\u1eaft \u0111\u1ea7u gi\u1ea3m xu\u1ed1ng c\u00f2n 30 t\u1ef7 EUR t\u1eeb th\u00e1ng 10 tr\u01b0\u1edbc nh\u1eefng t\u00edn hi\u1ec7u chuy\u1ec3n bi\u1ebfn r\u00f5 r\u1ec7t h\u01a1n c\u1ee7a kinh t\u1ebf to\u00e0n khu v\u1ef1c. M\u1eb7c d\u00f9 \u0111\u00e3 c\u00f3 s\u1ef1 c\u1eaft gi\u1ea3m quy m\u00f4 g\u00f3i n\u1edbi l\u1ecfng \u0111\u1ecbnh l\u01b0\u1ee3ng nh\u01b0ng ECB c\u0169ng \u0111\u01b0a ra cam k\u1ebft s\u1ebd ti\u1ebfp t\u1ee5c theo d\u00f5i ch\u1eb7t ch\u1ebd c\u00e1c ch\u1ec9 s\u1ed1 v\u0129 m\u00f4, \u0111\u1eb7c bi\u1ec7t l\u00e0 di\u1ec5n bi\u1ebfn l\u1ea1m ph\u00e1t \u0111\u1ec3 c\u00f3 th\u1ec3 \u0111i\u1ec1u ch\u1ec9nh k\u1ecbp th\u1eddi v\u1ec1 m\u1eb7t th\u1eddi l\u01b0\u1ee3ng c\u0169ng nh\u01b0 quy m\u00f4 g\u00f3i n\u1edbi l\u1ecfng \u0111\u1ecbnh l\u01b0\u1ee3ng trong tr\u01b0\u1eddng h\u1ee3p c\u1ea7n thi\u1ebft. Ngo\u00e0i ra, ECB quy\u1ebft \u0111\u1ecbnh b\u1ed5 sung th\u00eam 4 ch\u01b0\u01a1ng tr\u00ecnh t\u00e1i c\u1ea5p v\u1ed1n d\u00e0i h\u1ea1n \u0111\u1ecbnh k\u1ef3 h\u00e0ng qu\u00fd t\u1eeb 3\/2017 \u0111\u1ebfn th\u00e1ng 12\/2017 v\u1edbi k\u1ef3 h\u1ea1n 4 n\u0103m cho h\u1ec7 th\u1ed1ng ng\u00e2n h\u00e0ng trong khu v\u1ef1c.<\/p>\n

\u00a0 \u00a0 \u00a0V\u1edbi vi\u1ec7c \u00e1p d\u1ee5ng m\u1ed9t h\u1ec7 th\u1ed1ng c\u00e1c bi\u1ec7n ph\u00e1p ch\u00ednh s\u00e1ch to\u00e0n di\u1ec7n, bao g\u1ed3m c\u00e1c ch\u01b0\u01a1ng tr\u00ecnh mua t\u00e0i s\u1ea3n, nghi\u1ec7p v\u1ee5 t\u00e1i c\u1ea5p v\u1ed1n d\u00e0i h\u1ea1n v\u00e0 duy tr\u00ec m\u1ed9t m\u1ee9c l\u00e3i su\u1ea5t th\u1ea5p nh\u01b0 v\u1eady \u0111\u00e3 gi\u00fap n\u1edbi l\u1ecfng c\u00e1c \u0111i\u1ec1u ki\u1ec7n cho vay \u0111\u1ed1i v\u1edbi khu v\u1ef1c doanh nghi\u1ec7p v\u00e0 h\u1ed9 gia \u0111\u00ecnh, th\u00fac \u0111\u1ea9y t\u0103ng tr\u01b0\u1edfng t\u00edn d\u1ee5ng, t\u1eeb \u0111\u00f3 c\u0169ng g\u00f3p ph\u1ea7n l\u00e0m ph\u1ee5c h\u1ed3i nhu c\u1ea7u ti\u00eau d\u00f9ng n\u1ed9i \u0111\u1ecba c\u1ee7a khu v\u1ef1c EU trong n\u0103m v\u1eeba qua.<\/p>\n

Tr\u01b0\u1edbc h\u1ebft, v\u1edbi vi\u1ec7c duy tr\u00ec l\u00e3i su\u1ea5t \u0111i\u1ec1u h\u00e0nh \u1edf m\u1ee9c th\u1ea5p, l\u00e3i su\u1ea5t cho vay c\u1ee7a h\u1ec7 th\u1ed1ng ng\u00e2n h\u00e0ng ra n\u1ec1n kinh t\u1ebf \u0111\u00e3 li\u00ean t\u1ee5c c\u00f3 s\u1ef1 \u0111i\u1ec1u ch\u1ec9nh gi\u1ea3m m\u1ea1nh.<\/p>\n

\"2\"<\/a><\/p>\n

C\u1ee5 th\u1ec3, trong giai \u0111o\u1ea1n t\u1eeb th\u00e1ng 5\/2014 \u0111\u1ebfn 8\/2017, l\u00e3i su\u1ea5t cho vay c\u1ee7a h\u1ec7 th\u1ed1ng ng\u00e2n h\u00e0ng \u0111\u1ed1i v\u1edbi c\u00e1c t\u1ed5 ch\u1ee9c phi t\u00e0i ch\u00ednh v\u00e0 h\u1ed9 gia \u0111\u00ecnh t\u1ea1i khu v\u1ef1c EU \u0111\u00e3 gi\u1ea3m t\u01b0\u01a1ng \u1ee9ng 119 v\u00e0 110 \u0111i\u1ec3m c\u01a1 b\u1ea3n. \u0110\u1eb7c bi\u1ec7t, \u0111i\u1ec1u ki\u1ec7n cho vay \u0111\u1ed1i v\u1edbi khu v\u1ef1c doanh nghi\u1ec7p v\u1eeba v\u00e0 nh\u1ecf c\u0169ng c\u00f3 nhi\u1ec1u c\u1ea3i thi\u1ec7n m\u1ea1nh m\u1ebd v\u1edbi l\u00e3i su\u1ea5t cho vay \u0111\u1ed1i v\u1edbi khu v\u1ef1c n\u00e0y \u0111\u00e3 \u0111\u01b0\u1ee3c \u0111i\u1ec1u ch\u1ec9nh gi\u1ea3m kho\u1ea3ng 180 \u0111i\u1ec3m c\u01a1 b\u1ea3n trong v\u00f2ng 3 n\u0103m v\u1eeba qua. Ngo\u00e0i ra, trong m\u1ed9t kh\u1ea3o s\u00e1t g\u1ea7n \u0111\u00e2y c\u1ee7a ECB v\u1ec1 kh\u1ea3 n\u0103ng ti\u1ebfp c\u1eadn t\u00e0i ch\u00ednh c\u1ee7a c\u00e1c doanh nghi\u1ec7p trong khu v\u1ef1c EU, c\u00e1c doanh nghi\u1ec7p v\u1eeba v\u00e0 nh\u1ecf \u0111\u00e3 b\u00e1o c\u00e1o l\u1ea1c quan v\u1ec1 s\u1ef1 c\u1ea3i thi\u1ec7n trong t\u00ecnh h\u00ecnh ti\u1ebfp c\u1eadn t\u00edn d\u1ee5ng v\u00e0 s\u1ef1 s\u1eb5n s\u00e0ng c\u1ee7a c\u00e1c ng\u00e2n h\u00e0ng trong vi\u1ec7c cung c\u1ea5p c\u00e1c kho\u1ea3n t\u00edn d\u1ee5ng v\u1edbi l\u00e3i su\u1ea5t th\u1ea5p h\u01a1n.<\/p>\n

\u00a0 \u00a0 \u00a0Song song v\u1edbi vi\u1ec7c duy tr\u00ec m\u1ed9t m\u00f4i tr\u01b0\u1eddng l\u00e3i su\u1ea5t th\u1ea5p nh\u01b0 v\u1eady, vi\u1ec7c tri\u1ec3n khai c\u00e1c ch\u01b0\u01a1ng tr\u00ecnh thu mua t\u00e0i s\u1ea3n \u0111\u00e3 t\u1ea1o \u0111\u1ed9ng l\u1ef1c th\u00fac \u0111\u1ea9y c\u00e1c ng\u00e2n h\u00e0ng t\u0103ng c\u01b0\u1eddng ho\u1ea1t \u0111\u1ed9ng cho vay (m\u1ed9t ph\u1ea7n do trong th\u1eddi gian n\u00e0y vi\u1ec7c \u0111\u1ea7u t\u01b0 v\u00e0o c\u00e1c tr\u00e1i phi\u1ebfu ch\u1ec9 mang l\u1ea1i l\u1ee3i su\u1ea5t th\u1ea5p v\u00e0 kh\u00f4ng c\u00f2n thu h\u00fat \u0111\u01b0\u1ee3c h\u1ec7 th\u1ed1ng ng\u00e2n h\u00e0ng).<\/p>\n

\"3\"<\/a><\/p>\n

\n

B\u00ean c\u1ea1nh \u0111\u00f3, \u0111\u1ec3 c\u00f3 th\u1ec3 ti\u1ebfp c\u1eadn \u0111\u01b0\u1ee3c ngu\u1ed3n v\u1ed1n gi\u00e1 r\u1ebb TLTRO \u2013 II c\u00e1c ng\u00e2n h\u00e0ng c\u0169ng ph\u1ea3i t\u0103ng c\u01b0\u1eddng ho\u1ea1t \u0111\u1ed9ng cho vay do m\u1ed9t trong nh\u1eefng \u0111i\u1ec1u ki\u1ec7n \u0111\u1ec3 c\u00e1c ng\u00e2n h\u00e0ng \u0111\u01b0\u1ee3c vay t\u1eeb TLTRO c\u00f3 l\u00e0 l\u01b0\u1ee3ng t\u00edn d\u1ee5ng cung \u1ee9ng ra n\u1ec1n kinh t\u1ebf ph\u1ea3i \u0111\u00e1p \u1ee9ng m\u1ed9t \u0111\u1ecbnh m\u1ee9c nh\u1ea5t \u0111\u1ecbnh. K\u1ebft qu\u1ea3 l\u00e0 t\u1ed1c \u0111\u1ed9 t\u0103ng tr\u01b0\u1edfng t\u00edn d\u1ee5ng cho h\u1ed9 gia \u0111\u00ecnh \u0111\u00e3 t\u0103ng t\u1eeb m\u1ee9c -0,1% v\u00e0o th\u00e1ng 5\/2014 l\u00ean 2% v\u00e0o th\u00e1ng 12\/2016 v\u00e0 ti\u1ebfp t\u1ee5c t\u0103ng l\u00ean 2,7% v\u00e0o th\u00e1ng 9\/2017. Trong khi \u0111\u00f3, t\u0103ng tr\u01b0\u1edfng t\u00edn d\u1ee5ng cho c\u00e1c doanh nghi\u1ec7p phi t\u00e0i ch\u00ednh c\u0169ng t\u0103ng t\u1eeb m\u1ee9c -2,9% th\u00e1ng 5\/2014 l\u00ean 2,3% th\u00e1ng 12\/2016 v\u00e0 2,5% th\u00e1ng 9\/2017.<\/p>\n

\u00a0 \u00a0 \u00a0S\u1ef1 c\u1ea3i thi\u1ec7n c\u1ee7a t\u0103ng tr\u01b0\u1edfng t\u00edn d\u1ee5ng \u0111\u00e3 g\u00f3p ph\u1ea7n quan tr\u1ecdng gi\u00fap ph\u1ee5c h\u1ed3i ho\u1ea1t \u0111\u1ed9ng ti\u00eau d\u00f9ng v\u00e0 \u0111\u1ea7u t\u01b0 trong khu v\u1ef1c EU \u2013 v\u1ed1n l\u00e0 hai nh\u00e2n t\u1ed1 ch\u1ee7 ch\u1ed1t \u0111\u00f3ng g\u00f3p v\u00e0o t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf c\u1ee7a khu v\u1ef1c.<\/p>\n

\n

\"4\"<\/a>V\u1ec1 ph\u00eda ti\u00eau d\u00f9ng, l\u00e3i su\u1ea5t th\u1ea5p \u0111\u00e3 khuy\u1ebfn kh\u00edch ho\u1ea1t \u0111\u1ed9ng ti\u00eau d\u00f9ng c\u00e1 nh\u00e2n khi vi\u1ec7c vay m\u01b0\u1ee3n tr\u1edf n\u00ean r\u1ebb h\u01a1n trong khi ti\u1ebft ki\u1ec7m l\u1ea1i mang l\u1ea1i \u00edt thu nh\u1eadp h\u01a1n so v\u1edbi tr\u01b0\u1edbc \u0111\u00e2y. Ngo\u00e0i ra, l\u00e3i su\u1ea5t gi\u1ea3m c\u0169ng gi\u00fap ph\u00e2n ph\u1ed1i l\u1ea1i thu nh\u1eadp t\u1eeb nh\u00f3m ti\u1ebft ki\u1ec7m sang nh\u00f3m \u0111i vay v\u1ed1n l\u00e0 b\u00ean s\u1eb5n s\u00e0ng ti\u00eau d\u00f9ng nhi\u1ec1u h\u01a1n. C\u00f2n v\u1ec1 ph\u00eda \u0111\u1ea7u t\u01b0, c\u00e1c bi\u1ec7n ph\u00e1p n\u1edbi l\u1ecfng ti\u1ec1n t\u1ec7 c\u1ee7a ECB, trong \u0111\u00f3 \u0111\u1eb7c bi\u1ec7t l\u00e0 ch\u01b0\u01a1ng tr\u00ecnh mua c\u00e1c lo\u1ea1i ch\u1ee9ng ch\u1ec9 ti\u1ec1n g\u1eedi do c\u00e1c t\u1ed5 ch\u1ee9c doanh nghi\u1ec7p ph\u00e1t h\u00e0nh (t\u1eeb th\u00e1ng 3\/2016) \u0111\u00e3 \u0111\u1ea9y d\u00f2ng ti\u1ec1n \u0111i v\u00e0o khu v\u1ef1c doanh nghi\u1ec7p, t\u1eeb \u0111\u00f3 th\u00fac \u0111\u1ea9y c\u00e1c ho\u1ea1t \u0111\u1ed9ng \u0111\u1ea7u t\u01b0 trong n\u1ec1n kinh t\u1ebf. H\u01a1n th\u1ebf n\u1eefa, c\u00e1c bi\u1ec7n ph\u00e1p n\u1edbi l\u1ecfng ti\u1ec1n t\u1ec7 c\u0169ng l\u00e0m gia t\u0103ng ni\u1ec1m tin c\u1ee7a h\u1ec7 th\u1ed1ng doanh nghi\u1ec7p, gi\u00fap c\u00e1c doanh nghi\u1ec7p d\u1ec5 d\u00e0ng h\u01a1n trong vi\u1ec7c ti\u1ebfp c\u1eadn v\u1ed1n c\u1ee7a h\u1ec7 th\u1ed1ng ng\u00e2n h\u00e0ng, \u0111\u1eb7c bi\u1ec7t \u0111\u1ed1i v\u1edbi nh\u00f3m doanh nghi\u1ec7p v\u1eeba v\u00e0 nh\u1ecf.<\/p>\n

\u00a0 \u00a0 \u00a0T\u00e1c \u0111\u1ed9ng c\u1ee7a CSTT \u0111\u1ebfn t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf \u0111\u00e3 \u0111\u01b0\u1ee3c minh ch\u1ee9ng tr\u00ean th\u1ef1c t\u1ebf c\u0169ng nh\u01b0 trong c\u00e1c nghi\u00ean c\u1ee9u \u0111\u1ecbnh l\u01b0\u1ee3ng. Tr\u00ean th\u1ef1c t\u1ebf, nh\u1eefng di\u1ec5n bi\u1ebfn t\u00edch c\u1ef1c trong ho\u1ea1t \u0111\u1ed9ng ti\u00eau d\u00f9ng \u0111\u00e3 h\u1ed7 tr\u1ee3 m\u1ea1nh m\u1ebd cho s\u1ef1 c\u1ea3i thi\u1ec7n t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf trong to\u00e0n khu v\u1ef1c.<\/p>\n

\"5\"<\/a><\/p>\n

Theo \u0111\u00f3, kinh t\u1ebf khu v\u1ef1c ch\u00e2u \u00c2u trong n\u0103m 2017 \u0111\u00e3 cho th\u1ea5y nh\u1eefng t\u00edn hi\u1ec7u chuy\u1ec3n bi\u1ebfn m\u1ea1nh m\u1ebd.\u00a0 L\u1ea7n \u0111\u1ea7u ti\u00ean trong v\u00f2ng nhi\u1ec1u n\u0103m sau kh\u1ee7ng ho\u1ea3ng, t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf trong khu v\u1ef1c \u0111\u00e3 duy tr\u00ec \u0111\u01b0\u1ee3c m\u1ee9c t\u0103ng tr\u00ean 2% so v\u1edbi c\u00f9ng k\u1ef3 trong 3 qu\u00fd li\u00ean ti\u1ebfp, trong \u0111\u00f3 m\u1ee9c t\u0103ng tr\u01b0\u1edfng 2,8% c\u1ee7a qu\u00fd III l\u00e0 m\u1ee9c t\u0103ng tr\u01b0\u1edfng cao nh\u1ea5t k\u1ec3 t\u1eeb n\u0103m 2011 \u0111\u1ebfn nay. C\u00f2n theo m\u1ed9t nghi\u00ean c\u1ee9u \u0111\u1ecbnh l\u01b0\u1ee3ng c\u1ee7a ECB, th\u00f4ng qua hai k\u00eanh ti\u00eau d\u00f9ng v\u00e0 \u0111\u1ea7u t\u01b0, c\u00e1c bi\u1ec7n ph\u00e1p n\u1edbi l\u1ecfng CSTT \u0111\u01b0\u1ee3c tri\u1ec3n khai t\u1eeb \u0111\u1ea7u n\u0103m 2016 \u0111\u1ebfn nay \u0111\u00e3 \u0111\u00f3ng g\u00f3p 1,7% v\u00e0o m\u1ee9c t\u0103ng tr\u01b0\u1edfng cho to\u00e0n khu v\u1ef1c. M\u1ee9c \u0111\u00f3ng g\u00f3p n\u00e0y c\u1ee7a CSTT c\u00f2n cao h\u01a1n m\u1ee9c \u0111\u00f3ng g\u00f3p c\u1ee7a m\u1ed9t s\u1ed1 giai \u0111o\u1ea1n so s\u00e1nh tr\u01b0\u1edbc \u0111\u00e2y l\u00e0 2003Q2 \u2013 2006Q4 v\u00e0 2009Q3 \u2013 2011Q3.<\/p>\n

\u00a0 \u00a0 \u00a0Trong n\u0103m 2018, \u0111\u1ecbnh h\u01b0\u1edbng \u0111i\u1ec1u h\u00e0nh CSTT c\u1ee7a ECB m\u1eb7c d\u00f9 \u0111\u01b0\u1ee3c d\u1ef1 b\u00e1o s\u1ebd theo h\u01b0\u1edbng th\u1eaft ch\u1eb7t h\u01a1n, nh\u01b0ng trong b\u1ed1i c\u1ea3nh t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf to\u00e0n khu v\u1ef1c m\u1edbi ch\u1ec9 \u0111ang trong giai \u0111o\u1ea1n ph\u1ee5c h\u1ed3i v\u00e0 l\u1ea1m ph\u00e1t v\u1eabn c\u00f2n c\u00e1ch kh\u00e1 xa ng\u01b0\u1ee1ng m\u1ee5c ti\u00eau 2% nh\u01b0 hi\u1ec7n nay th\u00ec xu h\u01b0\u1edbng th\u1eaft ch\u1eb7t s\u1ebd \u0111\u01b0\u1ee3c tri\u1ec3n khai th\u1eadn tr\u1ecdng t\u1eebng b\u01b0\u1edbc. \u0110i\u1ec1u n\u00e0y \u0111\u00e3 \u0111\u01b0\u1ee3c minh ch\u1ee9ng trong nh\u1eefng tuy\u00ean b\u1ed1 ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 g\u1ea7n \u0111\u00e2y c\u1ee7a ECB, theo \u0111\u00f3 t\u1ed5 ch\u1ee9c n\u00e0y ti\u1ebfp t\u1ee5c kh\u1eb3ng \u0111\u1ecbnh vi\u1ec7c duy tr\u00ec m\u1ed9t m\u00f4i tr\u01b0\u1eddng l\u00e3i su\u1ea5t th\u1ea5p v\u00e0 c\u00e1c ch\u01b0\u01a1ng tr\u00ecnh thu mua t\u00e0i s\u1ea3n \u00edt nh\u1ea5t \u0111\u1ebfn h\u1ebft th\u00e1ng 9\/2018, \u0111\u1ed3ng th\u1eddi \u0111\u01b0a ra cam k\u1ebft s\u1eb5n s\u00e0ng gia t\u0103ng l\u01b0\u1ee3ng thu mua t\u00e0i s\u1ea3n h\u00e0ng th\u00e1ng n\u1ebfu t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf c\u00f3 d\u1ea5u hi\u1ec7u suy gi\u1ea3m v\u00e0 l\u1ea1m ph\u00e1t kh\u00f4ng \u0111\u1ea1t m\u1ee5c ti\u00eau \u0111\u1ec1 ra. Tr\u00ean c\u01a1 s\u1edf \u0111\u00f3, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 v\u1eabn ti\u1ebfp t\u1ee5c \u0111\u01b0a ra m\u1ed9t d\u1ef1 b\u00e1o l\u1ea1c quan cho t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf c\u1ee7a khu v\u1ef1c trong n\u0103m 2018 v\u1edbi m\u1ee9c t\u0103ng tr\u01b0\u1edfng \u01b0\u1edbc \u0111\u1ea1t 2,3% – 2,4%, t\u01b0\u01a1ng \u0111\u01b0\u01a1ng v\u1edbi m\u1ee9c t\u0103ng tr\u01b0\u1edfng m\u00e0 khu v\u1ef1c EU \u0111\u00e3 \u0111\u1ea1t \u0111\u01b0\u1ee3c trong n\u0103m 2017 v\u00e0 c\u0169ng c\u00f3 th\u1ec3 s\u1ebd l\u00e0 m\u1ee9c t\u0103ng tr\u01b0\u1edfng t\u1ed1t nh\u1ea5t trong nh\u00f3m c\u00e1c n\u1ec1n kinh t\u1ebf ph\u00e1t tri\u1ec3n.<\/p>\n

Ths. Nguy\u1ec5n Th\u1ecb Minh Ng\u1ecdc<\/strong><\/p>\n

Ths. Tr\u1ea7n Ng\u1ecdc Lan<\/strong><\/p>\n

Vi\u1ec7n Chi\u1ebfn l\u01b0\u1ee3c ng\u00e2n h\u00e0ng<\/strong><\/p>\n

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\n","protected":false},"excerpt":{"rendered":"

\u00a0 \u00a0 \u00a0Trong m\u1ed9t s\u1ed1 n\u0103m g\u1ea7n \u0111\u00e2y, \u0111\u1eb7c bi\u1ec7t k\u1ec3 t\u1eeb th\u00e1ng 6\/2014, \u0111\u1ecbnh h\u01b0\u1edbng \u0111i\u1ec1u h\u00e0nh CSTT c\u1ee7a ECB theo h\u01b0\u1edbng duy tr\u00ec c\u00e1c bi\u1ec7n ph\u00e1p n\u1edbi l\u1ecfng nh\u1eb1m m\u1ee5c ti\u00eau ph\u1ee5c h\u1ed3i t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf v\u00e0 \u0111\u01b0a l\u1ea1m ph\u00e1t v\u1ec1 ng\u01b0\u1ee1ng m\u1ee5c ti\u00eau 2%. Nh\u1eefng bi\u1ec7n ph\u00e1p \u0111\u00f3 bao g\u1ed3m vi\u1ec7c …<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[50],"tags":[],"_links":{"self":[{"href":"http:\/\/khoahocnganhang.org.vn\/news\/wp-json\/wp\/v2\/posts\/2044"}],"collection":[{"href":"http:\/\/khoahocnganhang.org.vn\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/khoahocnganhang.org.vn\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/khoahocnganhang.org.vn\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"http:\/\/khoahocnganhang.org.vn\/news\/wp-json\/wp\/v2\/comments?post=2044"}],"version-history":[{"count":1,"href":"http:\/\/khoahocnganhang.org.vn\/news\/wp-json\/wp\/v2\/posts\/2044\/revisions"}],"predecessor-version":[{"id":2050,"href":"http:\/\/khoahocnganhang.org.vn\/news\/wp-json\/wp\/v2\/posts\/2044\/revisions\/2050"}],"wp:attachment":[{"href":"http:\/\/khoahocnganhang.org.vn\/news\/wp-json\/wp\/v2\/media?parent=2044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/khoahocnganhang.org.vn\/news\/wp-json\/wp\/v2\/categories?post=2044"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/khoahocnganhang.org.vn\/news\/wp-json\/wp\/v2\/tags?post=2044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}