{"id":3206,"date":"2022-09-03T14:29:41","date_gmt":"2022-09-03T07:29:41","guid":{"rendered":"https:\/\/bizuni.vn\/dau-tu\/?p=3206"},"modified":"2022-11-06T23:41:48","modified_gmt":"2022-11-06T16:41:48","slug":"doanh-nghiep-co-phan-co-phieu-va-thi-truong-chung-khoan","status":"publish","type":"post","link":"https:\/\/bizuni.vn\/dau-tu\/doanh-nghiep-co-phan-co-phieu-va-thi-truong-chung-khoan\/","title":{"rendered":"Doanh nghi\u1ec7p, c\u1ed5 ph\u1ea7n, c\u1ed5 phi\u1ebfu v\u00e0 th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n"},"content":{"rendered":"

BizUni \u0111\u01b0a l\u1ea1i n\u1ed9i dung t\u1eeb Facebook c\u00e1 nh\u00e2n Chuy\u00ean gia t\u00e0i ch\u00ednh, T\u00e1c gi\u1ea3 L\u00e2m Minh Ch\u00e1nh v\u1ec1 \u0111\u1ec1 t\u00e0i “DOANH NGHI\u1ec6P, C\u1ed0 PH\u1ea6N, C\u1ed4 PHI\u1ebeU V\u00c0 TH\u1eca TR\u01af\u1edcNG CH\u1ee8NG KHO\u00c1N!”<\/strong><\/span><\/h2>\n
\n

Series b\u00e0i n\u00e0y d\u00e0nh cho c\u00e1c ch\u1ee7 doanh nghi\u1ec7p kh\u00f4ng chuy\u00ean t\u00e0i ch\u00ednh, cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 v\u00e0 nh\u1eefng ai quan t\u00e2m v\u00e0 mu\u1ed1n t\u00ecm hi\u1ec3u v\u1ec1 ch\u1ee9ng kho\u00e1n, \u0111\u1ea7u t\u01b0 ch\u1ee9ng kho\u00e1n<\/a>\u2026 B\u00e0i vi\u1ebft v\u1edbi ng\u00f4n ng\u1eef b\u00e0 Ngo\u1ea1i v\u00e0 h\u01a1i \u201cd\u00e0i d\u00f2ng\u201d \u0111\u1ec3 ai c\u0169ng c\u00f3 th\u1ec3 hi\u1ec3u.<\/p>\n

B\u00e0i 1: “DOANH NGHI\u1ec6P, C\u1ed0 PH\u1ea6N, C\u1ed4 PHI\u1ebeU V\u00c0 TH\u1eca TR\u01af\u1edcNG CH\u1ee8NG KHO\u00c1N!”<\/strong><\/span><\/h3>\n

Anh Nguy\u1ec5n V\u0103n A sau m\u1ed9t th\u1eddi gian kinh doanh ng\u00e0nh XYZ \u0111\u00e3 t\u00edch c\u1ed1p \u0111\u01b0\u1ee3c m\u1ed9t s\u1ed1 v\u1ed1n kha kh\u00e1. Anh c\u0169ng h\u1ecdc h\u1ecfi t\u00edch lu\u1ef9 \u0111\u01b0\u1ee3c nhi\u1ec1u kinh nghi\u1ec7m th\u01b0\u01a1ng tr\u01b0\u1eddng, kinh doanh trong ng\u00e0nh n\u00ean \u0111\u00e3 quy\u1ebft \u0111\u1ecbnh chuy\u1ec3n t\u1eeb kinh doanh c\u00e1 nh\u00e2n qua doanh nghi\u1ec7p c\u1ed5 ph\u1ea7n.
\nAnh A k\u00eau g\u1ecdi \u0111\u1ed1i t\u00e1c, b\u1ea1n b\u00e8 c\u00f9ng g\u00f3p v\u1ed1n, \u0111\u1ec3 th\u00e0nh l\u1eadp Doanh nghi\u1ec7p c\u1ed5 ph\u1ea7n ABCDE v\u1edbi ng\u00e0nh ngh\u1ec1 kinh doanh ch\u00ednh l\u00e0 s\u1ea3n xu\u1ea5t, kinh doanh m\u1eb7t h\u00e0ng XYZ.<\/p>\n

V\u1ed1n \u0111i\u1ec1u l\u1ec7 c\u1ee7a c\u00f4ng ty l\u00e0 100 t\u1ef7. Anh A \u0111\u00e3 k\u00eau g\u1ecdi c\u00e1c anh ch\u1ecb B, C, D, E g\u00f3p \u0111\u1ee7 s\u1ed1 v\u1ed1n \u0111i\u1ec1u l\u1ec7, chi ti\u1ebft nh\u01b0 sau, A: 60 t\u1ef7, B = C = D = E : 10 t\u1ef7.
\nNg\u00e0y th\u00e0nh l\u1eadp c\u00f4ng ty, b\u1ea3ng c\u00e2n \u0111\u1ed1i k\u1ebf to\u00e1n c\u1ee7a ABCDE nh\u01b0 sau:
\n– T\u00e0i s\u1ea3n: 100 t\u1ef7 VN\u0110
\n– V\u1ed1n ch\u1ee7 s\u1edf h\u1eefu: 100 t\u1ef7 VN\u0110 trong \u0111\u00f3 v\u1ed1n c\u1ed5 ph\u1ea7n = 100 t\u1ef7 VN\u0110, th\u1eb7ng d\u01b0 v\u1ed1n = 0 VN\u0110.<\/p>\n

T\u1ef7 l\u1ec7 s\u1edf h\u1eefu v\u1ed1n c\u1ed5 ph\u1ea7n nh\u01b0 sau:
\n– A: 60 t\u1ef7, s\u1edf h\u1eefu 60%
\n– B: 10 t\u1ef7 chi\u1ebfm 10%
\n– C: 10 t\u1ef7, chi\u1ebfm 10%
\n– D: 10 t\u1ef7, chi\u1ebfm 10%
\n– E: D: 10 t\u1ef7, chi\u1ebfm 10%<\/p>\n

Nh\u1edd t\u00ecnh h\u00ecnh th\u1ecb tr\u01b0\u1eddng thu\u1eadn l\u1ee3i, nh\u1edd t\u00e0i n\u0103ng l\u00e3nh \u0111\u1ea1o c\u1ee7a anh A, doanh nghi\u1ec7p kinh doanh r\u1ea5t hi\u1ec7u qu\u1ea3, l\u1ee3i nhu\u1eadn sau thu\u1ebf \u0111\u1ea1t v\u00e0i ch\u1ee5c t\u1ef7 h\u00e0ng n\u0103m. V\u00e0 to\u00e0n b\u1ed9 s\u1ed1 l\u1ee3i nhu\u1eadn n\u00e0y \u0111\u00e3 \u0111\u01b0\u1ee3c c\u00f4ng ty t\u00e1i \u0111\u1ea7u t\u01b0 – n\u00e2ng c\u1ea5p nh\u00e0 m\u00e1y, m\u1edf r\u1ed9ng h\u1ec7 th\u1ed1ng chi nh\u00e1nh – nh\u1eb1m h\u1ed7 tr\u1ee3 cho s\u1ef1 t\u0103ng tr\u01b0\u1edfng h\u01a1n 100% h\u00e0ng n\u0103m c\u1ee7a c\u00f4ng ty.
\nH\u01a1n hai n\u0103m sau, c\u00f4ng ty quy\u1ebft \u0111\u1ecbnh t\u0103ng v\u1ed1n \u0111\u1ec3 \u0111\u1ea7u t\u01b0 v\u00e0o 1 d\u00e2y chuy\u1ec1n hi\u1ec7n \u0111\u1ea1i h\u01a1n. Anh F, m\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 l\u1edbn, l\u1ea7n tr\u01b0\u1edbc t\u1eeb ch\u1ed1i h\u00f9n v\u1ed1n v\u00e0o ABCDE nay quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0 60 t\u1ef7 v\u00e0o ABCD.
\nHai b\u00ean d\u00f9ng ph\u01b0\u01a1ng \u00e1n \u0111\u1ecbnh gi\u00e1 c\u01a1 b\u1ea3n l\u00e0 PE (t\u1ef7 su\u1ea5t Gi\u00e1 tr\u00ean L\u1ee3i nhu\u1eadn). Anh F n\u00f3i r\u1eb1ng PE c\u1ee7a c\u00e1c c\u00f4ng ty t\u01b0\u01a1ng t\u1ef1 \u1edf m\u1ee9c 12 – 13.<\/p>\n

Nh\u01b0ng nh\u00f3m ABCDE n\u00f3i r\u1eb1ng doanh nghi\u1ec7p c\u1ee7a h\u1ecd t\u0103ng tr\u01b0\u1edfng v\u01b0\u1ee3t tr\u1ed9i h\u01a1n c\u00e1c doanh nghi\u1ec7p kh\u00e1c n\u00ean ch\u1ec9 \u0111\u1ed3ng \u00fd v\u1edbi m\u1ee9c PE 15. L\u1ee3i nhu\u1eadn sau thu\u1ebf c\u1ee7a ABCD l\u00e0 21 t\u1ef7, n\u00ean gi\u00e1 c\u1ee7a ABCD = 15*21 = 315 t\u1ef7.
\nCu\u1ed1i c\u00f9ng hai b\u00ean \u0111\u00e3 l\u1ea5y m\u1ee9c tr\u00f2n = 300 t\u1ef7.
\nGi\u00e1 tr\u1ecb 300 t\u1ef7 n\u00e0y l\u1edbn g\u1ea5p 3 l\u1ea7n s\u1ed1 v\u1ed1n c\u1ed5 ph\u1ea7n 100 t\u1ef7. Ng\u01b0\u1eddi ta c\u00f2n g\u1ecdi l\u00e0 3 ch\u1ea5m. Ngh\u0129a l\u00e0 anh F ch\u1ea5p nh\u1eadn \u0111\u1ea7u t\u01b0 v\u00e0o ABCDE v\u1edbi m\u1ee9c 3 l\u1ea7n m\u1ec7nh gi\u00e1.
\nTheo \u0111\u00f3, 60 t\u1ef7 c\u1ee7a anh F s\u1ebd chia th\u00e0nh 2 ph\u1ea7n. Ph\u1ea7n 1: V\u1ed1n c\u1ed5 ph\u1ea7n = 60\/3 = 20 t\u1ef7. Ph\u1ea7n 2: Th\u1eb7ng d\u01b0 v\u1ed1n = 60 – 20 t\u1ef7 = 40 t\u1ef7.
\nNgay sau khi anh F g\u00f3p v\u1ed1n, t\u00e0i kho\u1ea3n v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu c\u1ee7a ABCDE nh\u01b0 sau:
\nV\u1ed1n ch\u1ee7 s\u1edf h\u1eefu = 227 t\u1ef7 VN\u0110 trong \u0111\u00f3 V\u1ed1n c\u1ed5 ph\u1ea7n = 120 t\u1ef7 VN\u0110, Th\u1eb7ng d\u01b0 v\u1ed1n = 40 t\u1ef7 VN\u0110, L\u1ee3i nhu\u1eadn gi\u1eef l\u1ea1i = 67 t\u1ef7. (\u0110\u00e2y l\u00e0 s\u1ed1 l\u1ee3i nhu\u1eadn sau thu\u1ebf c\u1ee7a ACBDE t\u1eeb ng\u00e0y \u0111\u1ea7u \u0111\u1ebfn nay. C\u00f4ng ty ch\u01b0a chia c\u1ed5 t\u1ee9c m\u00e0 gi\u1eef l\u1ea1i to\u00e0n b\u1ed9 l\u1ee3i nhu\u1eadn \u0111\u1ec3 t\u00e1i \u0111\u1ea7u t\u01b0 v\u00e0o doanh nghi\u1ec7p. L\u1ee3i nhu\u1eadn sau thu\u1ebf l\u00e0 m\u1ed9t th\u00e0nh ph\u1ea7n quan tr\u1ecdng c\u1ee7a v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu)<\/p>\n

T\u1ef7 l\u1ec7 s\u1edf h\u1eefu c\u1ee7a c\u00e1c c\u1ed5 \u0111\u00f4ng nh\u01b0 sau:
\n– A = 60 t\u1ef7 \/ 120 t\u1ef7 = 50.00%
\n– B = 10 t\u1ef7 \/ 120 t\u1ef7 = 8.333%
\n– C = 10 t\u1ef7 \/ 120 t\u1ef7 = 8.333%
\n– D = 10 t\u1ef7 \/ 120 t\u1ef7 = 8.333%
\n– E = 10 t\u1ef7 \/ 120 t\u1ef7 = 8.333%
\n– F = 20 t\u1ef7 \/ 120 t\u1ef7 = 16.667%<\/p>\n

1 n\u0103m sau, qu\u1ef9 \u0111\u1ea7u t\u01b0 G – m\u1ed9t qu\u1ef9 \u0111\u1ea7u t\u01b0 doanh nghi\u1ec7p t\u01b0 nh\u00e2n (Private Equity) mong mu\u1ed1n \u0111\u1ea7u t\u01b0 v\u00e0o ABCDE v\u1edbi m\u1ee5c ti\u00eau \u0111\u01b0a c\u00f4ng ty ni\u00eam y\u1ebft tr\u00ean s\u00e0n ch\u1ee9ng kho\u00e1n. Sau m\u1ed9t th\u1eddi gian \u0111\u00e0m ph\u00e1n, hai b\u00ean \u0111\u1ed3ng \u00fd gi\u00e1 tr\u1ecb c\u1ee7a ABCDE tr\u01b0\u1edbc \u0111\u1ea7u t\u01b0 (Pre-Money Valuation) l\u00e0 420 t\u1ef7. Con s\u1ed1 n\u00e0y l\u1edbn g\u1ea5p 3.5 l\u1ea7n v\u1ed1n c\u1ed5 ph\u1ea7n hi\u1ec7n t\u1ea1i c\u1ee7a ABCDE l\u00e0 120 t\u1ef7. T\u1ee9c l\u00e0 3.5 ch\u1ea5m. Qu\u1ef9 mong mu\u1ed1n s\u1edf h\u1eefu 25% c\u1ee7a ABCDE sau \u0111\u1ea7u t\u01b0.
\nG\u1ecdi X l\u00e0 v\u1ed1n c\u1ed5 ph\u1ea7n c\u1ee7a qu\u1ef9. Ch\u00fang ta c\u00f3 ph\u01b0\u01a1ng tr\u00ecnh:
\nX = 25%*(120 +X). Gi\u1ea3i ra X = 40 t\u1ef7.
\nT\u1ed5ng s\u1ed1 ti\u1ec1n \u0111\u1ea7u t\u01b0 s\u1ebd l\u00e0 = 40*3.5 = 140 t\u1ef7, trong \u0111\u00f3 40 t\u1ef7 l\u00e0 v\u1ed1n c\u1ed5 ph\u1ea7n, 100 t\u1ef7 l\u00e0 th\u1eb7ng d\u01b0 v\u1ed1n.
\nNgay sau khi qu\u1ef9 G g\u00f3p v\u1ed1n, v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu c\u1ee7a ABCDE nh\u01b0 sau:
\nV\u1ed1n ch\u1ee7 s\u1edf h\u1eefu: 388 t\u1ef7 VN\u0110, trong \u0111\u00f3 V\u1ed1n c\u1ed5 ph\u1ea7n = 160 t\u1ef7 VN\u0110, Th\u1eb7ng d\u01b0 v\u1ed1n = 140 t\u1ef7 VN\u0110, L\u1ee3i nhu\u1eadn gi\u1eef l\u1ea1i \u00a0= 88 t\u1ef7 VN\u0110<\/p>\n

T\u1ef7 l\u1ec7 s\u1edf h\u1eefu c\u1ee7a c\u00e1c c\u1ed5 \u0111\u00f4ng nh\u01b0 sau:
\n– A = 60 t\u1ef7 \/ 160 t\u1ef7 = 37.50%
\n– B = 10 t\u1ef7 \/ 160 t\u1ef7 = 6.25%
\n– C = 10 t\u1ef7 \/ 160 t\u1ef7 = 6.25%
\n– D = 10 t\u1ef7 \/ 160 t\u1ef7 = 6.25%
\n– E = 10 t\u1ef7 \/ 160 t\u1ef7 = 6.25%
\n– F = 20 t\u1ef7 \/ 160 t\u1ef7 = 12.50%
\n– G = 40 t\u1ef7 \/ 160 t\u1ef7 = 25.00%<\/p>\n

Sau \u0111\u00f3 v\u00e0i th\u00e1ng, ABCDE l\u00ean k\u1ebf ho\u1ea1ch (Initial Public Offering) t\u1ee9c ph\u00e1t h\u00e0nh c\u1ed5 phi\u1ebfu l\u1ea7n \u0111\u1ea7u ra c\u00f4ng ch\u00fang v\u00e0 ni\u00eam y\u1ebft c\u1ed5 phi\u1ebfu tr\u00ean s\u00e0n ch\u1ee9ng kho\u00e1n. \u0110\u1ec3 ph\u00e1t h\u00e0nh c\u1ed5 phi\u1ebfu ra c\u00f4ng ch\u00fang, ABCDE chia v\u1ed1n c\u1ed5 ph\u1ea7n ra th\u00e0nh nh\u1eefng c\u1ed5 ph\u1ea7n nh\u1ecf c\u00f3 m\u1ec7nh gi\u00e1 10,000 \u0111\u1ed3ng. S\u1ed1 v\u1ed1n c\u1ed5 ph\u1ea7n 160 t\u1ef7 t\u01b0\u01a1ng \u0111\u01b0\u01a1ng 16 tri\u1ec7u c\u1ed5 ph\u1ea7n. ABCDE ti\u1ebfn h\u00e0nh l\u00e0m th\u1ee7 t\u1ee5c xin ph\u00e1t h\u00e0nh 4 tri\u1ec7u c\u1ed5 ph\u1ea7n c\u1ee7a ABCDE ra c\u00f4ng ch\u00fang v\u1edbi gi\u00e1 50,000 VN\u0110\/ c\u1ed5 ph\u1ea7n. (5 ch\u1ea5m). S\u1ed1 ti\u1ec1n 200 t\u1ef7 huy \u0111\u1ed9ng \u0111\u01b0\u1ee3c d\u00f9ng \u0111\u1ec3 n\u00e2ng c\u1ea5p nh\u00e0 m\u00e1y, mua s\u1eafm thi\u1ebft b\u1ecb v\u00e0 b\u1ed5 sung v\u1ed1n l\u01b0u \u0111\u1ed9ng.<\/p>\n

S\u1ed1 ti\u1ec1n 200 t\u1ef7 n\u00e0y g\u1ed3m c\u00f3 40 t\u1ef7 l\u00e0 v\u1ed1n c\u1ed5 ph\u1ea7n, 160 t\u1ef7 l\u00e0 th\u1eb7ng d\u01b0 v\u1ed1n.
\nSau khi ph\u00e1t h\u00e0nh th\u00e0nh c\u00f4ng 4 tri\u1ec7u c\u1ed5 phi\u1ebfu c\u00f4ng ch\u00fang, n\u00e2ng t\u1ed5ng s\u1ed1 c\u1ed5 ph\u1ea7n l\u00ean 20 tri\u1ec7u, v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu c\u1ee7a ABCDE nh\u01b0 sau:
\nV\u1ed1n ch\u1ee7 s\u1edf h\u1eefu: 597 t\u1ef7 VN\u0110, trong \u0111\u00f3 V\u1ed1n c\u1ed5 ph\u1ea7n = 200 t\u1ef7 VN\u0110, Th\u1eb7ng d\u01b0 v\u1ed1n = 300 t\u1ef7 VN\u0110, l\u1ee3i nhu\u1eadn gi\u1eef l\u1ea1i \u00a0= 97 t\u1ef7 VN\u0110<\/p>\n

T\u1ef7 l\u1ec7 s\u1edf h\u1eefu c\u1ee7a c\u00e1c c\u1ed5 \u0111\u00f4ng nh\u01b0 sau:
\n– A = 60 t\u1ef7 \/ 200 t\u1ef7 = 30.00%
\n– B = 10 t\u1ef7 \/ 200 t\u1ef7 = 5.00%
\n– C = 10 t\u1ef7 \/ 200 t\u1ef7 = 5.00%
\n– D = 10 t\u1ef7 \/ 200 t\u1ef7 = 5.00%
\n– E = 10 t\u1ef7 \/ 200 t\u1ef7 = 5.00%
\n– F = 20 t\u1ef7 \/ 200 t\u1ef7 = 10.00%
\n– G = 40 t\u1ef7 \/ 200 t\u1ef7 = 20.00%
\n– C\u00f4ng ch\u00fang = 40 t\u1ef7 \/ 200 t\u1ef7 = 20.00%<\/p>\n

Sau \u0111\u00f3 6 th\u00e1ng, ABCDE l\u00e0m th\u1ee7 t\u1ee5c \u0111\u0103ng k\u00fd ni\u00eam y\u1ebft to\u00e0n b\u1ed9 20 tri\u1ec7u c\u1ed5 phi\u1ebfu l\u00ean s\u00e0n ch\u1ee9ng kho\u00e1n HOSE (S\u00e0n Ch\u1ee9ng kho\u00e1n TP HCM).
\nTh\u00e0nh vi\u00ean H\u1ed9i \u0111\u1ed3ng Qu\u1ea3n tr\u1ecb (H\u0110QT) \u0111\u1ea1i di\u1ec7n qu\u1ef9 G \u0111\u1ec1 ngh\u1ecb m\u1ee9c gi\u00e1 ni\u00eam y\u1ebft l\u00e0 90.000 VN\u0110 \/ c\u1ed5 ph\u1ea7n. Qu\u1ef9 G cho r\u1eb1ng v\u1edbi k\u1ebft qu\u1ea3 kinh doanh t\u1ed1t c\u1ee7a ABCDE, c\u1ed9ng v\u1edbi hi\u1ec7u \u1ee9ng PR, nh\u00e0 \u0111\u1ea7u t\u01b0 s\u1ebd ch\u1ea5p nh\u1eadn gi\u00e1 90.000 VN\u0110. \u00dd ki\u1ebfn n\u00e0y \u0111\u00e3 \u0111\u01b0\u1ee3c c\u00e1c th\u00e0nh vi\u00ean H\u0110QT v\u00e0 c\u1ed5 \u0111\u00f4ng l\u1edbn t\u00e1n th\u00e0nh. Ai c\u0169ng vui khi th\u1ea5y gi\u00e1 tr\u1ecb c\u00f4ng ty v\u00e0 gi\u00e1 tr\u1ecb \u0111\u1ea7u t\u01b0 c\u1ee7a m\u00ecnh t\u1ea1i ABCDE t\u0103ng cao nh\u01b0 th\u1ebf.<\/p>\n

Tuy v\u1eady ch\u00fa Ba, t\u01b0 v\u1ea5n t\u00e0i ch\u00ednh cho ABCDE v\u00e0 anh A, \u0111\u00e3 ph\u1ea3n bi\u1ec7n \u00fd ki\u1ebfn n\u00e0y. Theo ch\u00fa Ba, v\u1edbi tri\u1ec3n v\u1ecdng kinh doanh c\u1ee7a ABCDE, gi\u00e1 tr\u1ecb n\u1ed9i t\u1ea1i c\u1ee7a doanh nghi\u1ec7p, d\u1ef1 t\u00ednh theo ph\u01b0\u01a1ng ph\u00e1p chi\u1ebft kh\u1ea5u d\u00f2ng ti\u1ec1n s\u1ebd \u1edf trong kho\u1ea3ng 1.200 t\u1ef7 – 1.400 t\u1ef7. T\u01b0\u01a1ng \u0111\u01b0\u01a1ng, gi\u00e1 tr\u1ecb n\u1ed9i t\u1ea1i c\u1ee7a t\u1eebng c\u1ed5 ph\u1ea7n: 60.000 – 70.000 VN\u0110 \/ c\u1ed5 ph\u1ea7n. V\u00e0 th\u1ecb tr\u01b0\u1eddng c\u0169ng s\u1ebd nh\u1eadn bi\u1ebft \u0111i\u1ec1u n\u00e0y.<\/p>\n

N\u1ebfu ABCDE ni\u00eam y\u1ebft gi\u00e1 90.000 VN\u0110 \u0111\u1ed3ng, th\u00ec s\u1edbm mu\u1ed9n g\u00ec gi\u00e1 c\u0169ng v\u1ec1 m\u1ee9c 60.000 – 70.000 VN\u0110. \u0110i\u1ec1u n\u00e0y s\u1ebd g\u00e2y \u00e1p l\u1ef1c l\u00ean H\u0110QT v\u00e0 Ban \u0111i\u1ec1u h\u00e0nh. Ch\u00fa Ba n\u00f3i v\u1edbi H\u0110QT c\u1ee7a ABCDE: Ch\u00fang ta kh\u00f4ng n\u00ean nh\u1eb1m m\u1ee5c \u0111\u00edch b\u00e1n c\u1ed5 phi\u1ebfu v\u1edbi gi\u00e1 cao ki\u1ebfm l\u1eddi trong th\u1eddi gian c\u1ed5 phi\u1ebfu m\u1edbi l\u00ean s\u00e0n th\u00ec kh\u00f4ng l\u00fd do g\u00ec ph\u1ea3i ni\u00eam y\u1ebft v\u1edbi gi\u00e1 cao v\u01b0\u1ee3t qu\u00e1 m\u1ee9c gi\u00e1 tr\u1ecb. H\u00e3y ni\u00eam y\u1ebft v\u1edbi m\u1ee9c gi\u00e1 65.000 VN\u0110 v\u00e0 t\u1eadp trung v\u00e0o kinh doanh, t\u1ea1o gi\u00e1 tr\u1ecb cho DN. Gi\u00e1 c\u1ed5 phi\u1ebfu s\u1ebd l\u00ean theo gi\u00e1 tr\u1ecb c\u1ee7a doanh nghi\u1ec7p.<\/p>\n

Cu\u1ed1i c\u00f9ng, ABCDE \u0111\u00e3 ni\u00eam y\u1ebft th\u00e0nh c\u00f4ng v\u1edbi gi\u00e1 65.000 VN\u0110. C\u1ed5 phi\u1ebfu ABCDE \u0111\u01b0\u1ee3c nh\u00e0 \u0111\u1ea7u t\u01b0 mua qua b\u00e1n l\u1ea1i nh\u01b0 1 c\u00f4ng c\u1ee5\/ t\u00e0i s\u1ea3n \u0111\u1ea7u t\u01b0. N\u00f3 \u0111\u1ea1t m\u1ee9c 73,000 VN\u0110 sau 1 th\u00e1ng k\u1ec3 t\u1eeb ng\u00e0y ni\u00eam y\u1ebft. \u0110i\u1ec1u m\u00e0 anh A ng\u1ea1c nhi\u00ean, l\u00e0 c\u00f3 nh\u1eefng nh\u00e0 \u0111\u1ea7u t\u01b0 mua c\u1ed5 phi\u1ebfu ABCDE m\u00e0 kh\u00f4ng bi\u1ebft DN kinh doanh nh\u01b0 th\u1ebf n\u00e0o. H\u1ecd mua r\u1ed3i b\u00e1n ngay sau v\u00e0i tu\u1ea7n. Ch\u00fa Ba gi\u1ea3i th\u00edch cho anh A bi\u1ebft \u0111\u00f3 l\u00e0 nh\u1eefng nh\u00e0 \u0111\u1ea7u t\u01b0 ng\u1eafn h\u1ea1n, ho\u1eb7c kinh doanh c\u1ed5 phi\u1ebfu, ho\u1eb7c l\u01b0\u1edbt s\u00f3ng. Th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n lu\u00f4n c\u00f3 nh\u1eefng nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00e0y th\u00ec m\u1edbi t\u1ea1o s\u1ef1 thanh kho\u1ea3n cho c\u1ed5 phi\u1ebfu.<\/p>\n

Sau khi ni\u00eam y\u1ebft 6 th\u00e1ng, anh A g\u1ecdi \u0111i\u1ec7n tho\u1ea1i cho ch\u00fa Ba, gi\u1ecdng lo l\u1eafng: \u201cTh\u1ecb tr\u01b0\u1eddng c\u00f3 tin x\u1ea5u r\u1edbt \u0111i\u1ec3m qu\u00e1 m\u1ee9c. C\u1ed5 phi\u1ebfu ABCDE c\u00f2n c\u00f3 42.000 VN\u0110. M\u00e0 t\u00ecnh h\u00ecnh kinh doanh c\u1ee7a ABCDE v\u1eabn r\u1ea5t \u1ed5n, v\u01b0\u1ee3t k\u1ebf ho\u1ea1ch anh \u00e0\u201d.<\/p>\n

Ch\u00fa Ba c\u01b0\u1eddi l\u1edbn \u201cTh\u00ec th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n l\u00e0 v\u1eady m\u00e0. Trong ng\u1eafn h\u1ea1n gi\u00e1 nh\u1ea3y lambada kh\u00f4ng li\u00ean quan \u0111\u1ebfn gi\u00e1 tr\u1ecb. Trong d\u00e0i h\u1ea1n th\u00ec gi\u00e1 s\u1ebd \u0111i\u1ec1u ch\u1ec9nh th\u00f4i\u201d. Anh A h\u1ecfi \u201cV\u1eady t\u00f4i n\u00ean l\u00e0m g\u00ec?\u201d Ch\u00fa Ba h\u01b0\u1edbng d\u1eabn \u201cT\u1eadp trung v\u00e0o kinh doanh. C\u00f4ng b\u1ed1 ch\u00ednh th\u1ee9c v\u1edbi N\u0110T v\u00e0 th\u1ecb tr\u01b0\u1eddng ABCDE v\u1eabn \u0111\u1ea1t k\u1ebf ho\u1ea1ch n\u0103m. C\u00f4ng ty c\u00f3 th\u1ec3 mua v\u00e0o c\u1ed5 phi\u1ebfu (c\u1ed5 phi\u1ebfu qu\u1ef9). \u0110\u1ed9ng t\u00e1c n\u00e0y n\u00f3i v\u1edbi th\u1ecb tr\u01b0\u1eddng gi\u00e1 c\u1ed5 phi\u1ebfu ABCDE \u0111\u00e3 r\u1ebb, th\u1ea5p h\u01a1n so v\u1edbi gi\u00e1 tr\u1ecb\u201d.<\/p>\n

\"Doanh
L\u1eddi khuy\u00ean c\u1ee7a \u00f4ng L\u00e2m Minh Ch\u00e1nh cho c\u00e1c Doanh nghi\u1ec7p khi th\u1ecb tr\u01b0\u1eddng \u0111i\u1ec1u ch\u1ec9nh m\u1ea1nh:\u201cT\u1eadp trung v\u00e0o kinh doanh. C\u00f4ng b\u1ed1 ch\u00ednh th\u1ee9c v\u1edbi N\u0110T v\u00e0 th\u1ecb tr\u01b0\u1eddng ABCDE v\u1eabn \u0111\u1ea1t k\u1ebf ho\u1ea1ch n\u0103m. C\u00f4ng ty c\u00f3 th\u1ec3 mua v\u00e0o c\u1ed5 phi\u1ebfu (c\u1ed5 phi\u1ebfu qu\u1ef9). \u0110\u1ed9ng t\u00e1c n\u00e0y n\u00f3i v\u1edbi th\u1ecb tr\u01b0\u1eddng gi\u00e1 c\u1ed5 phi\u1ebfu ABCDE \u0111\u00e3 r\u1ebb, th\u1ea5p h\u01a1n so v\u1edbi gi\u00e1 tr\u1ecb\u201d.<\/figcaption><\/figure>\n

– 11 th\u00e1ng sau, anh A l\u1ea1i g\u1ecdi ch\u00fa Ba, gi\u1ecdng ph\u1ea5n kh\u00edch \u201cTh\u1ecb tr\u01b0\u1eddng sung qu\u00e1. C\u1ed5 phi\u1ebfu ABCDE l\u00ean t\u1edbi 95.000 VN\u0110 r\u1ed3i, qu\u00e1 cao so v\u1edbi gi\u00e1 tr\u1ecb th\u1ef1c. Gi\u1edd ph\u1ea3i l\u00e0m sao, ch\u00fa Ba?\u201d
\n– Ch\u00fa Ba c\u01b0\u1eddi kh\u00e0 kh\u00e0 \u201cV\u1eady m\u1edbi l\u00e0 th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n. \u00c0, m\u00e0 anh c\u00f3 mua mua b\u00e1n b\u00e1n \u0111\u1ea9y gi\u00e1 CP kh\u00f4ng \u0111\u00f3\u201d.
\n– Anh A tr\u1ea3 l\u1eddi \u201cD\u1ea1 ho\u00e0n to\u00e0n kh\u00f4ng anh\u201d.
\n– Ch\u00fa Ba \u201cV\u1eady th\u00ec kh\u00f4ng sao. Anh c\u1ee9 t\u1eadp trung ch\u1ec9 \u0111\u1ea1o ABCDE kinh doanh cho t\u1ed1t. \u00c0, anh ch\u1ec9 \u0111\u1ea1o nh\u00e2n vi\u00ean b\u00e1n ra c\u1ed5 phi\u1ebfu qu\u1ef9. \u0110\u1ed9ng t\u00e1c n\u00e0y n\u00f3i v\u1edbi th\u1ecb tr\u01b0\u1eddng gi\u00e1 c\u1ed5 phi\u1ebfu ABCDE \u0111\u00e3 \u0111\u1eaft, cao h\u01a1n so v\u1edbi gi\u00e1 tr\u1ecb. \u0110\u1ec3 gi\u00e1 qu\u00e1 cao so v\u1edbi gi\u00e1 tr\u1ecb c\u0169ng kh\u00f4ng t\u1ed1t cho doanh nghi\u1ec7p \u0111\u00e2u nh\u00e9!”<\/p>\n

\n

C\u00e2u chuy\u1ec7n ABCDE… s\u1ebd c\u00f2n ti\u1ebfp t\u1ee5c. B\u1ea1n h\u00e3y t\u01b0\u01a1ng t\u00e1c v\u1edbi b\u00e0i vi\u1ebft g\u1ed1c tr\u00ean Facebook Chuy\u00ean gia t\u00e0i ch\u00ednh, T\u00e1c gi\u1ea3 L\u00e2m Minh Ch\u00e1nh \u0111\u1ec3 ti\u1ebfp t\u1ee5c \u0111\u1ecdc nh\u1eefng b\u00e0i sau nh\u00e9. Link b\u00e0i: https:\/\/www.facebook.com\/LamMinhChanh\/posts\/5159062780847838<\/p>\n","protected":false},"excerpt":{"rendered":"

BizUni \u0111\u01b0a l\u1ea1i n\u1ed9i dung t\u1eeb Facebook c\u00e1 nh\u00e2n Chuy\u00ean gia t\u00e0i ch\u00ednh, T\u00e1c gi\u1ea3 L\u00e2m Minh Ch\u00e1nh v\u1ec1 \u0111\u1ec1 t\u00e0i “DOANH NGHI\u1ec6P, C\u1ed0 PH\u1ea6N, C\u1ed4 PHI\u1ebeU V\u00c0 TH\u1eca TR\u01af\u1edcNG CH\u1ee8NG KHO\u00c1N!” Series b\u00e0i n\u00e0y d\u00e0nh cho c\u00e1c ch\u1ee7 doanh nghi\u1ec7p kh\u00f4ng chuy\u00ean t\u00e0i ch\u00ednh, cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 v\u00e0 nh\u1eefng ai quan t\u00e2m…<\/p>\n","protected":false},"author":2,"featured_media":3208,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"default","_kad_post_title":"default","_kad_post_layout":"default","_kad_post_sidebar_id":"","_kad_post_content_style":"default","_kad_post_vertical_padding":"default","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[3],"tags":[12,13,35,14],"class_list":["post-3206","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dau-tu-chung-khoan-dai-han","tag-co-phan","tag-co-phieu","tag-noi-bat","tag-thi-truong-chung-khoan"],"featured_image_src_large":["https:\/\/i0.wp.com\/bizuni.vn\/dau-tu\/wp-content\/uploads\/2022\/06\/facebook-doanhnghiep-bai1-c-1.jpg?fit=1024%2C536&ssl=1",1024,536,true],"author_info":{"display_name":"Hi\u1ec1n Nguy\u1ec5n","author_link":"https:\/\/bizuni.vn\/dau-tu\/author\/hn\/"},"comment_info":3,"category_info":[{"term_id":3,"name":"\u0110\u1ea7u t\u01b0 ch\u1ee9ng kho\u00e1n d\u00e0i h\u1ea1n","slug":"dau-tu-chung-khoan-dai-han","term_group":0,"term_taxonomy_id":3,"taxonomy":"category","description":"

Chuy\u00ean trang g\u1ed3m nh\u1eefng ph\u00e2n t\u00edch, nh\u1eadn \u0111\u1ecbnh c\u1ee7a chuy\u00ean gia T\u00e0i ch\u00ednh, t\u00e1c gi\u1ea3 L\u00e2m Minh Ch\u00e1nh v\u1ec1 Ph\u01b0\u01a1ng ph\u00e1p \u0110\u1ea7u t\u01b0 ch\u1ee9ng kho\u00e1n d\u00e0i h\u1ea1n<\/p>","parent":0,"count":10,"filter":"raw","cat_ID":3,"category_count":10,"category_description":"

Chuy\u00ean trang g\u1ed3m nh\u1eefng ph\u00e2n t\u00edch, nh\u1eadn \u0111\u1ecbnh c\u1ee7a chuy\u00ean gia T\u00e0i ch\u00ednh, t\u00e1c gi\u1ea3 L\u00e2m Minh Ch\u00e1nh v\u1ec1 Ph\u01b0\u01a1ng ph\u00e1p \u0110\u1ea7u t\u01b0 ch\u1ee9ng kho\u00e1n d\u00e0i h\u1ea1n<\/p>","cat_name":"\u0110\u1ea7u t\u01b0 ch\u1ee9ng kho\u00e1n d\u00e0i h\u1ea1n","category_nicename":"dau-tu-chung-khoan-dai-han","category_parent":0}],"tag_info":[{"term_id":12,"name":"C\u1ed5 ph\u1ea7n","slug":"co-phan","term_group":0,"term_taxonomy_id":12,"taxonomy":"post_tag","description":"","parent":0,"count":2,"filter":"raw"},{"term_id":13,"name":"c\u1ed5 phi\u1ebfu","slug":"co-phieu","term_group":0,"term_taxonomy_id":13,"taxonomy":"post_tag","description":"","parent":0,"count":4,"filter":"raw"},{"term_id":35,"name":"N\u1ed5i b\u1eadt","slug":"noi-bat","term_group":0,"term_taxonomy_id":35,"taxonomy":"post_tag","description":"","parent":0,"count":5,"filter":"raw"},{"term_id":14,"name":"th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n","slug":"thi-truong-chung-khoan","term_group":0,"term_taxonomy_id":14,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"}],"taxonomy_info":{"category":[{"value":3,"label":"\u0110\u1ea7u t\u01b0 ch\u1ee9ng kho\u00e1n d\u00e0i h\u1ea1n"}],"post_tag":[{"value":12,"label":"C\u1ed5 ph\u1ea7n"},{"value":13,"label":"c\u1ed5 phi\u1ebfu"},{"value":35,"label":"N\u1ed5i b\u1eadt"},{"value":14,"label":"th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n"}]},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/bizuni.vn\/dau-tu\/wp-content\/uploads\/2022\/06\/facebook-doanhnghiep-bai1-c-1.jpg?fit=1200%2C628&ssl=1","_links":{"self":[{"href":"https:\/\/bizuni.vn\/dau-tu\/wp-json\/wp\/v2\/posts\/3206","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bizuni.vn\/dau-tu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bizuni.vn\/dau-tu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bizuni.vn\/dau-tu\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/bizuni.vn\/dau-tu\/wp-json\/wp\/v2\/comments?post=3206"}],"version-history":[{"count":8,"href":"https:\/\/bizuni.vn\/dau-tu\/wp-json\/wp\/v2\/posts\/3206\/revisions"}],"predecessor-version":[{"id":3819,"href":"https:\/\/bizuni.vn\/dau-tu\/wp-json\/wp\/v2\/posts\/3206\/revisions\/3819"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bizuni.vn\/dau-tu\/wp-json\/wp\/v2\/media\/3208"}],"wp:attachment":[{"href":"https:\/\/bizuni.vn\/dau-tu\/wp-json\/wp\/v2\/media?parent=3206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bizuni.vn\/dau-tu\/wp-json\/wp\/v2\/categories?post=3206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bizuni.vn\/dau-tu\/wp-json\/wp\/v2\/tags?post=3206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}