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7/23/2019 [YRC] M hnh hot ng ca Hip hi tit kim v cho vay (S&Ls) trong lnh v nh - Kinh nghim ca M v kh nng hnh thnh ti Vit Nam
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N HKM AL R M QM
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7/23/2019 [YRC] M hnh hot ng ca Hip hi tit kim v cho vay (S&Ls) trong lnh v nh - Kinh nghim ca M v kh nng hnh thnh ti Vit Nam
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7/23/2019 [YRC] M hnh hot ng ca Hip hi tit kim v cho vay (S&Ls) trong lnh v nh - Kinh nghim ca M v kh nng hnh thnh ti Vit Nam
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9&9&7&> El w qkf | afh rf hke af qjgm qjk hkif &&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&& >3
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7/23/2019 [YRC] M hnh hot ng ca Hip hi tit kim v cho vay (S&Ls) trong lnh v nh - Kinh nghim ca M v kh nng hnh thnh ti Vit Nam
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Fjw lw ewi fj &&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&& 2;
&9&< Fjl ke li ll `jmf ri{ ewi fj jkf fi{ &&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&& 83&> Fjfh `j `jf `jk sjq q~kf \"D| qk RF &&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&& 89
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7/23/2019 [YRC] M hnh hot ng ca Hip hi tit kim v cho vay (S&Ls) trong lnh v nh - Kinh nghim ca M v kh nng hnh thnh ti Vit Nam
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7/23/2019 [YRC] M hnh hot ng ca Hip hi tit kim v cho vay (S&Ls) trong lnh v nh - Kinh nghim ca M v kh nng hnh thnh ti Vit Nam
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7/23/2019 [YRC] M hnh hot ng ca Hip hi tit kim v cho vay (S&Ls) trong lnh v nh - Kinh nghim ca M v kh nng hnh thnh ti Vit Nam
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7/23/2019 [YRC] M hnh hot ng ca Hip hi tit kim v cho vay (S&Ls) trong lnh v nh - Kinh nghim ca M v kh nng hnh thnh ti Vit Nam
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7/23/2019 [YRC] M hnh hot ng ca Hip hi tit kim v cho vay (S&Ls) trong lnh v nh - Kinh nghim ca M v kh nng hnh thnh ti Vit Nam
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7/23/2019 [YRC] M hnh hot ng ca Hip hi tit kim v cho vay (S&Ls) trong lnh v nh - Kinh nghim ca M v kh nng hnh thnh ti Vit Nam
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7/23/2019 [YRC] M hnh hot ng ca Hip hi tit kim v cho vay (S&Ls) trong lnh v nh - Kinh nghim ca M v kh nng hnh thnh ti Vit Nam
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7/23/2019 [YRC] M hnh hot ng ca Hip hi tit kim v cho vay (S&Ls) trong lnh v nh - Kinh nghim ca M v kh nng hnh thnh ti Vit Nam
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rf d eq dk qj lfj q~ifj li ll q ljl f{$ lfh nkf eq& Qj ni$ am ll \"D|qjgm e jfj rfj rkf ljm sjs ll qjfj rkf l ewi |dfh l sjf rk q~ hk
`jl fjiw r dk |wq l qfj ai q~f | qkf qlj d{ l$ ll qjfj rkf li
\"D| |`jfh lf nfj fh rk fjiw& Ll qjfj rkf l el fh hs lim jf |
fjf l fjkw dk fjwf jf r lfh l yw{f ljk sjk jf f ll jmq fh w
q li jks jk&@jk jks jk | jmq fh r dk lj li qjkw | ll qjfj rkf qji{
r i |&Qjq$ rkl ll qjfj rkf q am qjie hki jml q n jks jk$ qam fh hs
`jfh qjgm fj ` nif w l lmk d ke qkf nrq nl li e jfj rfj rkf$
|iw f{ dk nkf qjfj d jfh fjfh ` di m qje fjs rm ll \"D|$ h{ ~i |
|s jfh dmq rm fjfh fe 9;:3|& Qje rm $ rkl `jfh l eq qjk ke `q
qjl l qj ljm ek qjfj rkf e `m ak rfj rkf lfh `jkf e jfj rfj rkf q~
ff eq f fj r eq if qmf k rk ll qjfj rkf qjl | l fjw lw ewi fj&
fj hk ljwfh
Am el qkw |wq li rkl qjfj ds \"D| Rkq Fie d q~hks ljm rkl
ewi fj li fjfh fhk dim fh q~mfh ll amifj fhjks$ fje fhjkf lw |wq
| afh e jfj jmq fh eq df { d e jfj sj js fjq rk el lj r
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Ljfh
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q~f el 1332$ `jk dfh rf w q qmf z jk qjl jkf
fe >338 qjgm hk qjl q l q 129&; fhjf q fh$ nfh 13&1' HAS *q `
jmlj ~i 13' HAS+ r qfh 97&:' |m rk fe >33297&
Qw{ fjkf$ |ifh f >33: qj dk d eq fe `jfh rwk rk `kfj q RF `jk
ql qfh q~fh HAS ljq zs z 2&2&:' qjfh 2 r
kfj ke d >:&' rm qjfh :+$ q~mfh `jk fjfh qjfh lwk fe$ qfj q~fh dk d
hke sjq |w{ qjmk *lj | LSK qjfh 9> hke zwfh lf 9;&:;'+& k rk qjq~fh
ljfh `jmf qj >33: lfh d eq fe |q hke ` dl$ rk lj | RF%Kfagz r
JI\QL%Kfagz l el hke df dq d 27$;7' r 28$79' |m rk lwk fe q~l $
eq el |q hke lji qfh l q~mfh dlj |jf : fe jmq fh92&
Fe >33; `kfj q RF af af sjl jk fj fjfh f dl Ljfj sj qjfh ywi
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fh qjifj `jmf ljm ll fhf jfh l `j `jf qjifj `jmf$ `ke |mq q hk$ ll
`jmf ri{ f rk ll amifj fhjks ri r fj$ hks sjl jk |f zwq `kfj amifjr de ljm qfh q~fh qf afh q hf 33; f 3:->393$ |iw < df kw ljfj$ q hk W\A-RFA dkf
fhf jfh qfh 99&98'&Q~mfh fe f{$ jmq fh li ll fhf jfh fjf ljwfh lfh
n |kq ljq jf nk eq |ywk fj fj? ywk fj rf kw d qk qjkw 332-F%LS+$ ywk fj qfh q d rf if qmf qk qjkw q :' df ;'
*9393-QQ%FJFF+l nkq q~mfh fjfh qjfh lwk fe$ dk |wq qfh efj$ ll
fhf jfh w dim rm lwl ljkf dk |wq rk dk |wq jw{ fh el 91%92'$ dk |wq
ljm ri{ df qk 9;%>3'&Q~f qj q~fh ljfh `jmf$ RF Kfagz hke 2&>2'$ JFZ
Kfagz hke
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dfh r k eq rk fjkw `j `jf9:
&
w qj li ll FJQE q~mfh rkl lwfh ls ll `jmf ri{ ewi |e fj
ljm `jlj jfh l fjf
Qjgm | dkw lfh n q~f xgn|kqg li FJFF RF$ qfj f fh{ ->399$ qk
RF l 7 FJQEFj fl$ 9 fhf jfh ljfj |lj$
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Ywi ll | dkw q~f$ l qj qj{ q~mfh j qjfh q ljl qf afh RF jkf fi{$
ll FJQE ljke q q~fh df `jfh lj r |dfh e lf l ywk e&
@jfh lj r{$ fhf jfh lf l w qj r n a{ dlj | r `kfj fhjke jmq
fh&Eq |fhf jfh w qkf li RF d fhf jfh w q r sjq q~kf RF *NKAR+
qjfj ds fh{ >2-1-9;78$ fhf jfh Fhmk qjfh RF *Rkgqlmenif`+ qjfj ds fh{
9-1-9;22-393-YJ9>+ am Ywl jk nif jfj fh{ 92-2->393$ ll q ljl qf afh sjk fhf
jfh `jfh l fjf qkf hk li l fjf r lwfh fh ll alj r qjifj qmf ywi qk
`jmf li `jlj jfh& Fj r{$ qjfh ywi ll l ke ri q~fj n{ q~f$ l qj
qj{ FJQE d fj ljqk ljfj l w qj fjq q~mfh rkl qks lf ll `jlj jfh l
fjf qk RF& Am $ `jk l fjw lw qf afh$ `jlj jfh l fjf lfh qjfh lj qe
f FJQE$ fk l qj lwfh ls ljm j ll `jmf ri{ sjq q~kf |f zwq `kfj amifj$
ri{ qkw afh jml ri{ ewi fj&
Ll FJQE fh{ fi{ l nkq ll fhf jfh ljw{f jmq fh q~mfh dfj rl fhf
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>393$ { d qjk ` ff `kfj q l fjkw nq f am ljw fjfh fj jfh li lwl
`jfh jmfh qk ljfj qj hkk& Q~f qjq~fh nq fh |f$ hk fj q dkf ql |qhke efj$ hkim alj akf ~i le ljfh r qj q~fh fjf ljwfh e& fh q~l
qfj jfj f{$ FJFF ~i yw{q fj |kq ljq qf afh k rk ll FJQE&Qjfh q
9393-QQ%FJFF am FJFF nif jfj fh{ >3-7->393 r l jkw dl qjk jfj q
fh{ 9-93->393 ywk fj qfh j | ~k ~m q933' df >73' k rk ll `jmf ri{
`kfj amifj nq fh |f lfh fj qfh j | if qmf rf qk qjkw *LI^+ li ll fhf
jfh df ;'& Ll fhf jfh nwl sjk qjw js qf afh ewi fj e nm if qmf
rf ljm j qjfh fhf jfh&Qks $ ljm f qjfh 99->399$ lfj li ljm ri{ ewi
fj ek l j e ~fh jf |iw `jk FJFF nif jfj lfh rf | ::11-FJFF%
L\QQ rm fh{ 91-99->399&Qjgm $ nm lm a fljm ri{ k rk fjw lw rf
|i lji fj r ewi fj e fhwf q~ fnfh qkf dfh$ qkf lfh li `jlj
jfh ri{ l dmk q~ `jk `ke |mq q q~fh a fljm ri{ sjk |f zwq& Yw{ fj
ljm sjs fjfh fhk l fjw lw ewi fj qjl | `jfh ljl ri{ rf q~dk e
lf l l jk l ri{ rk dk |wq qjs jf am ll fhf jfh l j q d q~lj ds
a sjfh ~k ~m r hke ljk sj ywf d& \iw `jk l qf jkw f{$ fjkw fhf jfh
{ efj ljm ri{ ewi fj q~ dk& Ljfh jf fj FJQE l sjf k afh
*Mlgifnif`+ l ljfj |lj ljm ri{ rk dk |wq 9;'-fe el ljm ri{ j q~ qk i
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Nfh :? \ dkw r HAS r q q~fh fh hs li fhfj z{ afh rm HAS li RF
fe >337$ >338$ >33:$ >33;$ >393
Fe >337 >338 >33: >33; >393
Qfh HAS *qfh+ :99 991337 %
>393
Hk k >337 >338 >338 >33: >33: >33; >33; >393
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Qw{ fjkf$ nq w qfe >33:$ ff `kfj q ljw fj jfh li `jfh jmfhqk ljfj E `jkf ljfh `jmf |q hke efj$ nmfh nfh fj q lfh l fhw{ l
r& kw f{ hkk qjlj qk |im q dqfh q~fh li HAS r fhfj z{ afh w hke
efj q~mfh fe >33: >33; zwfh df dq d 99&28' r 97&>9'& Qjk hkif f{$ hk
fj q q~f qj q~fh hke efj$ hkim alj akf ~i le ljfh&Qw{ fjkf eq |
sjf `jl rf l qfh q~fh ll nfj fj ljwfh l l |s l lk qm$ fj r q
ff a f&Fe >33;$ qj q~fh lfh nfj jfh nk eq | qji{ k q~mfh ljfj
|lj li Fj fl fj hk w q r fj z jk ljm qj q~fh nq fh |f l
lfh n q lwk yw KKK->33;$ ljfj |lj dkf ywif f qj ql ls hk{ lj yw{f ek$
yw{ fj fh nk rk hk{ lj yw{f ls q~l fh{ 9%:$ rkl e~fh k qfh
ljm Rkq `kw `jk ewi fj qk RF ` q fh{ 9%;$ ljfj |lj qjw `jk ljw{f fjfh
nq fh |f$ rkl fh qjw qjw fjs l fjf&
Nl |ifh fe >393$ hk lf jljwfh l qjfj sj JLE r JF w hke
r ljw ljwfh eq qfj lfj d fjkw fhk ljm nf$ q fhk ljm ewi& qjw jq
fhk ewi$ ll ljw q qwfh ~i fjkw ljfh q~fj `jw{f ek js af lfh fj
fjkw jmq fh e ~fh i nf ljm nf |f sje \ ~i k li qjfh q
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w fe >399$ hk nq fh |f JF r qjfj sj JLE l aw jkw qfh fj
*793'+ ll sjf `jl q ff$ nkq qj af$ fj ljwfh l |s jmf qjkf r nqfh |f fjfh `jw rl l sj aw{q ywk jmlj& Qw{ fjkf$ qks $ qjl jkf
Fhj yw{q | 99-FY%LS fh{ >1-3>->399 li Ljfj sj r fjfh hkk sjs lj {w
qs q~wfh `ke lj de sjq$ f fj `kfj qr e$ FJFF l fjfh nkf sjs |kq
ljq qf afh sjk |f zwq$ fjq d ll dfj rl nq fh |f$ ljfh `jmf0 l qj ywk
fj? f 399$ q q~fh a fljm ri{ dfj rl sjk |f zwq |m rk qfh a fqk
i d >>' r f ->399$ q q~fh f{ qk i d 92'& fh qjk f{ `jkf ljm
qjq~fh nq fh |f jmf qmf lje aq ljwk fh{ qfh hk r nl rm rfh
zm{ dim al `jk qfj qjifj `jmf hke |q$ lw hke$ fzw qfh&Qks $ ljm f
qjfh 99->399$ |iw `jk lfh rf | ::11-FJFF%L\QQ rm fh{ 91-99->399$ lfj
li ljm ri{ ewi fj ek dk l j e~fh jf*fj q~fj n{ sjf +&
kw `kf ljm | jfj qjfj r sjq q~kf li \"D| qk RF
&9 Fjfh qjwf dk `jk sjq q~kf \"D| qk RF
&9&9 k fq r qjl q~fh af |$ fj r qjw fjs li fhk af RF
Qjgm `q yw li lwl Qfh kw q~i af | r fj fe >33;$ qfj f 3j fh{
9-1->33; af | fl qi d :7:12;;8 fhk \m rk `q yw li lwl Qfh kw q~i
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qj{ fjw lw fj $ l nkq fj fjfh `jw rl qjfj qj$ w ~q df r l zw
jfh qfh ywi ll fe&
Qw{ r{$ lfh qjgm `q yw q lwl Qfh kw q~i af | r fj fe >33;$
qfh | fj ljm f qjk ke 9-1->33; d >3:222
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&9&> Fjw lw ewi fj
jkw ~ jf r fjw lw ewi fj li fhk af$ fje fhjkf lw qjl jkf`jm |q qk qjfj sj JF& Ew `jm |q nim he 933 fhk dim fh q~mfh ll amifj
fhjks r l ywif q~f i nf qjfj sj& El lj kw q~i d qjw qjs qjfh qkf r
fjw lw ewi fj *ewi fj q~mfh qjk hkif fm$ q~ hk fj nim fjkw+$ qjw fjs r
ywif ke li fhk af rll `fj w q r qk q~rf sjl r ewi |e fj &
Fk awfh sjkw kw q~i r aifj |lj fjfh fhk qjie hki `jm |q l q~fj n{
q~mfh sjf sj dl&
\iw { d eq | `q ywq l q lwl `jm |q q~f?
% @jk l jk Ifj-lj l fjw lw ewi fj JF= l >1 fhk q~ dk @jfh ljl
ljf$ 82 fhk lf dk ljf L& Q d l fjw lw ewi fj JF fe ~k ~l
fjkw qwk `jl fjiw *fhk fjkw qwk fjq |kfj fe 9;7>$ fhk q qwk fjq |kfj
fe 9;;3+&\ dkw f{ sjf fj `j fh fjw lw r fj qjl q jkf fi{$ d i
sjf fhk af w ewf ewi fj? fhk q~ewi fj $ fhk l qwk ewi fj
afj ljm lmf lk&
% Qjk hkif a `kf ewi fj?
Nfh 93? @q yw kw q~i `jm |q r qjk hkif a `kf ewi fj
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qlj d{ rf lwfh ls ljm qq l ll qjfj rkf qjie hki& kw f{ |l akf hkk
l qjjf q~mfh sjf
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ri{ ef qfhk qjf$ nf n 23
ri{ fhf jfh >>
ll fhwf qjw fjs `jl$ fj? hs rf rm lfh q{$ w q qj
q~fh ljfh `jmf
9:
23' |fhk l jk ljf ri{ ef qfhk qjf$ nf n& kw f{ d
sj js rk qe d ljwfh li fhk fh? ewf f fj lj$ ff `jfh ewf
ri{ ef fjfh q ljl nf fhmk q~fj ~k ~m& Qw{ fjkf$ fhwf ri{ q fjfh
fhk ywgf nkq `jfh sjk dl fm lfh |f |fh$ a aljm fhk l fjw lw ri{0
lji `$ `jk ri{ ef qkf hki fjfh fhk ywgf qjf$ ljfj |lj ri{ qjfh
`jfh ~ ~fh$ ff qjfh i l jik nf rm qj nfh q~mfh rkl q~ f|iw f{$ r
afj fhk k ri{ hs `j `jf$ `jfh q~ qkf { rm fh{ jf jml fhk
ljm ri{ nq fhlf qkf hs jf a `kf&
Fhf jfh d eq `fj lwfh ls rf ~q jkw ywfjfh `jk ri{ rf fhf
jfh$ fhk af qjfh sjk de fjkw qj ql jf$ {w lw e nm qf afh lifhf jfh qjfh ljq ljjf r dk |wq ljm ri{ lfh lim jf |m rk ll `jmf ri{
\"D
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k rk \"D|$ eq fj lj qk ljfj lf ~q ek eRF$ qe d dm fhk d kw ajkw& Ywi{ q~dk rk lwl kw q~i$ qi l `q yw?
% Rk lw jk Ifj-lj qfh fhjg fk ji{ nkq f e jfj *\"D|+ lji=$ lj l
&> Dk qj li ll FJQE
Fj q~fj n{ sjf $ FJQE l n a{ dlj | r fjkw dk qj q~mfh
ll jmq fh rk ll `jlj jfh l fjf&FJQE d q ljl qf afh aw{ fjq q~mfh
j qjfh ll q ljl qf afh RF l sjs fjf qkf hk li l fjf r j hki
fj&Fjrm ek ywif j$ ll l fjf `jk l fjw lw ri{ rf dwf qe f fhf
jfh Fhmk ~i ll |f sje ljm ri{ li fhf jfh fh{ lfh l i afh ji r
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793 1> 8&7
93 % 97 92 9>&7
97 % >3 8 98&7
6>3 ; >>&7
Hk q~ q~wfh nfj d?
Q~mfh `jk $ fhf |lj nfj ywf ljm rkl ewi fj d >&78 qfh& Fj r{$
hk fj hs `jmfh jf >33 df |m rk qjw fjs q~wfh nfj li fhk af& @jmfh
llj yw df hki hk fj r qjw fjs fj q~f `jkf qjk hkif qlj d{ n `m ak& Qjkhkif jmq fh eq rfh yw ak | de eq qfj jkw yw li \"D| r de f q~ff
`e js af&
&>&1 Ll `fj wq qk ljfj ljige dkjkw yw lim
Q~mfh eq rk fe ri ywi$ dk |wq jw{ fh qkf hk li ll FJQE `j lim
*fj ke df f 9192' fe >393+$ qw{ fjkf$ q d de sjq lfh el `j lim
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Q~mfh lwl kw q~i$ `jk q~ dk lw jk Qjgm `kf li ifj-lj$ jkf fi{ RF
l fjfh `fj w q fm l qj lmk d jkw yw=$ 1;' ljm ~fh lji l jfj qjlfm qjl | jkw yw$ 2' w q q~f qj q~fh ljfh `jmf$ >7' hs rf rm
ll lfh q{$ >3' hk qkf qkq `ke rm fhf jfh& @q ywf{ i ~i jik qf jkw?
eq d i sjf fhk af lji qe l eq `fj w q fm jkw yw$ ff fw \"D|
sjq q~kf Rkq Fie z{ afh l ljfj |lj js af$ js d qj `jffh qjw jq
fhk qjie hki d ~q lim0 qf jkw qjjik fh dm fhk jf d rk eq qj q~fh qkljfj qjkw fjfh `fj w q jkw yw$ \"D| l qjde llj fm w q r `ke
dk ljm ll `jmf qkf hk&
&>&7 Jmq fh ljk j RF
Q~mfh k |fh af hkif RF$ ljk j d eq jfj qjl hs rf qkq `ke l
fjkw fq qfh fh rk jmq fh li \"D|& Ljm qk fh{ fi{$ ljk j rf qf qk
fjkw rfh ffh qjf$ dfh yw r fjfh fhk qjie hki qjfh d n lmf j jfh
dfh ze$ dfh hkfh ywgf qjwl& Qjgm ywk fj qk `jmf 9 r >$ kw 18;$ n Dwq
Af |>337$ j$ jk$ nkw$ sjfh *|iw { hk ljwfh d j+ d eq jfj qjl hkim
alj r qk |f qjgm qs ywf q~f l|qjm qjwf li eq fje fhk qs js fjiw
dk lfh fj ~i | fhk qjk hkif | qkf jml qk |f `jl qj qjl hs dfj j r
7/23/2019 [YRC] M hnh hot ng ca Hip hi tit kim v cho vay (S&Ls) trong lnh v nh - Kinh nghim ca M v kh nng hnh thnh ti Vit Nam
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afj ae l `jmf qkf qfh k df q fjfh ef qkf qkq `ke fj jfh qjfh$
`jw{f `jlj fhk af l qjl qlj d{&
Qw{ llj qjl jmq fh `j f hkf$ fjfh q~mfh fjfh fe ri ywi$ l ~q
fjkw r di m qk |f zwq sjq q jmq fh ljk j$ r a? fhk ljk |iw `jk l
jq jk qj `jfh ljw fh qkf ll ` qks qjgm fi ji{ lj jk l `jfh ljw q~
qkf ljm fjfh fhk `jl$ di m ljke mq qk |f& Fhw{f fjf ljfj d am hkifjfh fhk qjie hki `jfh l hk{ qe nm$ ~fh nwl e ek dkf j lj zwq
sjq q dfh qkf& Fhjfj 911->332-F%LS d eq q~mfh | fjfh rf nf sjs dwq
w qkf ywk fj r jfj qjl$ yw{f$ fhji r r q~lj fjke li fjfh fhk qjie
hki j fje fhf ljf ri{ ffh dk$ di m$ de afh qf fjke jml ll jfj rk
q~k sjs dwq `jl ljke mq qk |f li fhk `jl *q~lj kw > li fhjfj+&
El a r{$ | qjwi d r qfj q~fh di m li fjkw a{ j q~mfh qjk hkif ywi
dk eq f qfh zw k rk fhk af& Am r{$ eq rf q ~i d? `jk z{ afh
\"D| *rk eq |l ke hkfh fj jk j+ RF$ ljfh qi lf l fjfh ljfj |lj
lfh `jik$ lfh nfh$ q~wfh qjl r ljq ljlfh fj sjk ljs fjf afj fjkw qjk
hkif qjw{q sjl$ qm dfh qkf li ek fhk r qfj jkw yw li e jfj&
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7/23/2019 [YRC] M hnh hot ng ca Hip hi tit kim v cho vay (S&Ls) trong lnh v nh - Kinh nghim ca M v kh nng hnh thnh ti Vit Nam
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7/23/2019 [YRC] M hnh hot ng ca Hip hi tit kim v cho vay (S&Ls) trong lnh v nh - Kinh nghim ca M v kh nng hnh thnh ti Vit Nam
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7/23/2019 [YRC] M hnh hot ng ca Hip hi tit kim v cho vay (S&Ls) trong lnh v nh - Kinh nghim ca M v kh nng hnh thnh ti Vit Nam
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