Thị trường tài chính Việt Nam 2010: Những mảng sáng, những nghịch lý và giải pháp cho thời gian tới

NGHIEN CLOJ - TRAO OOI

THI TRUaNG TAI CHINH VIET NAM 2010:

NHUNG MANG SANG, NHUNG NGHjCH LY

VA GIAI PHAP CHO THOI GIAN TOI

Nhung to lich dau tien cua nam

2011 da dugc mo ra. nam moi Tan

Mao da toi. Hay ciing nhin lai thi

truong tai chinh (TTTC) Viet Nam

trong nam 2010 de co the nhan dien

mgt each tong quan nhung thanh

cong. nhung nghich ly va de xuat cac

bai hgc cho nhung nam tiii.

NHLTNG MANG SANG

Nhiing mang sang cua TTTC

Viet Nam nam 2010 cd the dupc

ldm gpn nhu sau: Chii ddng, Iinh

hoat, vat Ion \a nhin ra nhieu gdc

khuai... Chfnh vi \ay, chiing ta daco

ban ihoat khoi nhieu iiguv co tai

khung hoang lai chinh. bimg nd lam

phai qua Idn \a chan dupc da suy

giam kinh le.

Trong bdi canh gan nhu ca ihe

gidi liep lyc Idm \iio tinh trang

khung hoang no vd chua khac phuc

xong cudc khung hoang tai chinh \ a

suy thoai kinh te loan cdu tir 2008

thi nen kinh Id \'idt Nam vdn kidm

sodt duoc hdu hdi cac chi tidu \i md

ndi chung \a TTTC ndi rieng mdt

each CO ban an loan, d mirc chap

nhiin duoc \a dang \dn ddng theo

chidu tieh cyc. Tdc do tang tfn dung

tdng quat xung quanh 25%. dat

mirc ky \png; So tuyet ddi \e giai

ngdn \dn FDI dat 11 ly USD, tang

10% so 2009 va "cham" mirc ky luc

da xac lap 11.5 ty USD nam 2008;

Xudl khdu xac lap con sd ky lyc gan

72 ty LISD; Nhdp sieu chi cdn hon

16%; Tan2 truona GDP kha. d mirc

6.78%. gdp phan hinh thanh \iing

kinh te'chau .A. dang la \ung kinh td

dau tau cua the gidi.

Cae ehi so an toan nhu: He

ihdng ngan hang dn dinh; np cdng

dudi 45% GDP, dang cdn ndm trong

\ung an loan. Dii con nhap sidu.

nhung tdc dp tang xuat khau da gap

gan 2 lan idc dp tang nhap khdu.

gdp phdn lao k\ \ png diem den cho

cac nha ddu lu nude ngoai \ao \'iei

Nam. Hdu hei cac chi so tang

Irudng ciia cd 3 nganh cdng nghiep.

ndng nghidp. dich \y deu tang kha

eao so \di 2009 keo theo lang

truong GDP tdng quat tang \upt

muc tieu 6.5% ldn tdi 6.78% so \di

5.32% nam 2009.

TTTC Viet Nam nam 2010 tren

thyc td' da phai vat ldn \di cdc cii

TS. NGUVEN DAI LAI

sdc tir cac nam tnrdc: Sy Iran ngap

ddn tdi bdi thuc vd'n dau tu ngan han

nude ngoai \a cac ddng \d'n ngoai

chay \ao trong nam 2007 tir moi

kenh ldn tdi trdn 20 ty USD nga\

sau khi cd luat chiimg khoan. Idm

cho "bimg phdt tfn dyng" tang ddn

trdn 54% ciing \di lam phat cham

con so 20% \iio nam 2008, gd\

bong bdng bai ddng san (BDS) \a

ach tac thi trudng tieu thy hiuig hda

irong nam 2009 \di 2 cii sdc Idn o2

ddu ciia nam: ngu\ co giam phat

ddu nam va nguy co iai biing phat

lam phai vao cac thang cudi nam,

de lai du chan rai bai loi cho 2010

\'e nhidu Finh wc. Song cac kei qua

phan dnh trdn TTTC ndi rieng va

nen kinh Id,ndi chung khdng ldi

muc bi quan nhu cac ihach thirc da

Viec dieu hdnh gid vdng. ty gid... niy khong the dat dircrc sir thimh cdng

nhif mong muon. song ciing vucft qua ditge khd khdn a mire chap nhan dircrc

So 1/2011

28

Kinh te va DoT bao