{"id":32416,"date":"2026-05-22T14:04:33","date_gmt":"2026-05-22T07:04:33","guid":{"rendered":"https:\/\/hr.dotv.vn\/?p=32416"},"modified":"2026-05-22T14:04:33","modified_gmt":"2026-05-22T07:04:33","slug":"nhung-tieu-chuan-tham-dinh-du-an-ma-nguoi-lam-tai-chinh-can-hieu-dung","status":"publish","type":"post","link":"https:\/\/hr.dotv.vn\/tin-tuc\/nhung-tieu-chuan-tham-dinh-du-an-ma-nguoi-lam-tai-chinh-can-hieu-dung\/","title":{"rendered":"Nh\u1eefng ti\u00eau chu\u1ea9n th\u1ea9m \u0111\u1ecbnh d\u1ef1 \u00e1n m\u00e0 ng\u01b0\u1eddi l\u00e0m t\u00e0i ch\u00ednh c\u1ea7n hi\u1ec3u \u0111\u00fang"},"content":{"rendered":"<p><em><span style=\"font-weight: 400;\">Trong th\u1ea9m \u0111\u1ecbnh t\u00e0i ch\u00ednh d\u1ef1 \u00e1n, vi\u1ec7c bi\u1ebft t\u00ednh to\u00e1n c\u00e1c ch\u1ec9 ti\u00eau l\u00e0 ch\u01b0a \u0111\u1ee7. \u0110i\u1ec1u quan tr\u1ecdng h\u01a1n l\u00e0 hi\u1ec3u \u0111\u00fang \u00fd ngh\u0129a c\u1ee7a t\u1eebng ch\u1ec9 ti\u00eau v\u00e0 bi\u1ebft c\u00e1ch v\u1eadn d\u1ee5ng ch\u00fang trong t\u1eebng t\u00ecnh hu\u1ed1ng th\u1ef1c t\u1ebf.<\/span><\/em><\/p>\n<p><em><span style=\"font-weight: 400;\">Nhi\u1ec1u ng\u01b0\u1eddi c\u00f3 th\u1ec3 t\u00ednh \u0111\u01b0\u1ee3c NPV, IRR hay th\u1eddi gian ho\u00e0n v\u1ed1n. Nh\u01b0ng khi \u0111\u1ee9ng tr\u01b0\u1edbc m\u1ed9t d\u1ef1 \u00e1n th\u1ef1c t\u1ebf, c\u00e2u h\u1ecfi kh\u00f3 h\u01a1n m\u1edbi xu\u1ea5t hi\u1ec7n:<\/span><\/em><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><em><span style=\"font-weight: 400;\">Ch\u1ec9 ti\u00eau n\u00e0o ph\u1ea3n \u00e1nh \u0111\u00fang gi\u00e1 tr\u1ecb c\u1ee7a d\u1ef1 \u00e1n?<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><em><span style=\"font-weight: 400;\">Khi n\u00e0o c\u00e1c ch\u1ec9 ti\u00eau cho k\u1ebft qu\u1ea3 m\u00e2u thu\u1eabn nhau?<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><em><span style=\"font-weight: 400;\">V\u00e0 \u0111\u00e2u m\u1edbi l\u00e0 c\u01a1 s\u1edf \u0111\u00e1ng tin c\u1eady \u0111\u1ec3 ra quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0?<\/span><\/em><\/li>\n<\/ul>\n<p><em><span style=\"font-weight: 400;\">B\u00e0i vi\u1ebft n\u00e0y h\u1ec7 th\u1ed1ng l\u1ea1i 5 ch\u1ec9 ti\u00eau c\u1ed1t l\u00f5i bao g\u1ed3m \u00fd ngh\u0129a, c\u00e1ch \u0111\u1ecdc k\u1ebft qu\u1ea3, \u01b0u \u0111i\u1ec3m v\u00e0 nh\u1eefng h\u1ea1n ch\u1ebf th\u01b0\u1eddng b\u1ecb b\u1ecf qua.<\/span><\/em><\/p>\n<h4><span style=\"color: #f26f33;\"><b>1. NPV \u2013 Hi\u1ec7n gi\u00e1 thu\u1ea7n (Net Present Value)<\/b><\/span><\/h4>\n<p><b>NPV l\u00e0 g\u00ec?<\/b><span style=\"font-weight: 400;\"> NPV \u0111o l\u01b0\u1eddng t\u1ed5ng gi\u00e1 tr\u1ecb t\u0103ng th\u00eam m\u00e0 d\u1ef1 \u00e1n t\u1ea1o ra, sau khi quy \u0111\u1ed5i to\u00e0n b\u1ed9 d\u00f2ng ti\u1ec1n v\u1ec1 hi\u1ec7n t\u1ea1i theo t\u1ef7 l\u1ec7 chi\u1ebft kh\u1ea5u ph\u00f9 h\u1ee3p v\u1edbi chi ph\u00ed v\u1ed1n c\u1ee7a doanh nghi\u1ec7p.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">N\u00f3i \u0111\u01a1n gi\u1ea3n h\u01a1n: NPV tr\u1ea3 l\u1eddi c\u00e2u h\u1ecfi <\/span><i><span style=\"font-weight: 400;\">&#8220;Sau khi t\u00ednh \u0111\u1ebfn gi\u00e1 tr\u1ecb th\u1eddi gian c\u1ee7a ti\u1ec1n, d\u1ef1 \u00e1n n\u00e0y th\u1ef1c s\u1ef1 t\u1ea1o ra hay ph\u00e1 h\u1ee7y bao nhi\u00eau gi\u00e1 tr\u1ecb?&#8221;<\/span><\/i><\/p>\n<p><b>C\u00e1ch \u0111\u1ecdc k\u1ebft qu\u1ea3:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">NPV &gt; 0 \u2192 d\u1ef1 \u00e1n t\u1ea1o gi\u00e1 tr\u1ecb, n\u00ean ch\u1ea5p thu\u1eadn<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">NPV = 0 \u2192 d\u1ef1 \u00e1n v\u1eeba \u0111\u1ee7 b\u00f9 \u0111\u1eafp chi ph\u00ed v\u1ed1n<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">NPV &lt; 0 \u2192 d\u1ef1 \u00e1n ph\u00e1 h\u1ee7y gi\u00e1 tr\u1ecb, n\u00ean t\u1eeb ch\u1ed1i<\/span><\/li>\n<\/ul>\n<p><b>\u01afu \u0111i\u1ec3m:<\/b><span style=\"font-weight: 400;\"> NPV l\u00e0 ch\u1ec9 ti\u00eau \u0111\u01b0\u1ee3c xem l\u00e0 n\u1ec1n t\u1ea3ng trong th\u1ea9m \u0111\u1ecbnh t\u00e0i ch\u00ednh v\u00ec ph\u1ea3n \u00e1nh tr\u1ef1c ti\u1ebfp l\u1ee3i \u00edch t\u00e0i ch\u00ednh tuy\u1ec7t \u0111\u1ed1i, c\u00f3 t\u00ednh \u0111\u1ebfn gi\u00e1 tr\u1ecb th\u1eddi gian c\u1ee7a ti\u1ec1n, v\u00e0 cho ph\u00e9p so s\u00e1nh c\u00e1c d\u1ef1 \u00e1n \u0111\u1ed9c l\u1eadp m\u1ed9t c\u00e1ch nh\u1ea5t qu\u00e1n.<\/span><\/p>\n<p><b>H\u1ea1n ch\u1ebf c\u1ea7n l\u01b0u \u00fd:<\/b><span style=\"font-weight: 400;\"> K\u1ebft qu\u1ea3 NPV ph\u1ee5 thu\u1ed9c l\u1edbn v\u00e0o t\u1ef7 l\u1ec7 chi\u1ebft kh\u1ea5u \u0111\u01b0\u1ee3c ch\u1ecdn \u2014 n\u1ebfu \u01b0\u1edbc t\u00ednh chi ph\u00ed v\u1ed1n sai, NPV c\u00f3 th\u1ec3 l\u1ec7ch \u0111\u00e1ng k\u1ec3. Ngo\u00e0i ra, NPV kh\u00f4ng ph\u1ea3n \u00e1nh hi\u1ec7u qu\u1ea3 s\u1eed d\u1ee5ng v\u1ed1n: m\u1ed9t d\u1ef1 \u00e1n c\u00f3 NPV l\u1edbn nh\u01b0ng \u0111\u00f2i h\u1ecfi v\u1ed1n \u0111\u1ea7u t\u01b0 kh\u1ed5ng l\u1ed3 ch\u01b0a ch\u1eafc hi\u1ec7u qu\u1ea3 h\u01a1n d\u1ef1 \u00e1n NPV nh\u1ecf h\u01a1n v\u1edbi v\u1ed1n \u0111\u1ea7u t\u01b0 \u00edt h\u01a1n nhi\u1ec1u.<\/span><\/p>\n<h4><span style=\"color: #f26f33;\"><b>2. IRR \u2013 Su\u1ea5t sinh l\u1eddi n\u1ed9i t\u1ea1i (Internal Rate of Return)<\/b><\/span><\/h4>\n<p><b>IRR l\u00e0 g\u00ec?<\/b><span style=\"font-weight: 400;\"> IRR l\u00e0 t\u1ef7 l\u1ec7 chi\u1ebft kh\u1ea5u l\u00e0m cho NPV c\u1ee7a d\u1ef1 \u00e1n b\u1eb1ng 0 t\u1ee9c l\u00e0 m\u1ee9c sinh l\u1eddi m\u00e0 d\u1ef1 \u00e1n t\u1ef1 t\u1ea1o ra t\u1eeb ch\u00ednh d\u00f2ng ti\u1ec1n c\u1ee7a n\u00f3, kh\u00f4ng ph\u1ee5 thu\u1ed9c v\u00e0o t\u1ef7 l\u1ec7 chi\u1ebft kh\u1ea5u b\u00ean ngo\u00e0i.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Quy t\u1eafc s\u1eed d\u1ee5ng ph\u1ed5 bi\u1ebfn: n\u1ebfu <\/span><b>IRR &gt; WACC<\/b><span style=\"font-weight: 400;\"> (chi ph\u00ed v\u1ed1n b\u00ecnh qu\u00e2n), d\u1ef1 \u00e1n \u0111\u00e1ng \u0111\u1ea7u t\u01b0.<\/span><\/p>\n<p><b>\u01afu \u0111i\u1ec3m:<\/b><span style=\"font-weight: 400;\"> IRR d\u1ec5 hi\u1ec3u, d\u1ec5 tr\u00ecnh b\u00e0y v\u1edbi c\u00e1c b\u00ean li\u00ean quan kh\u00f4ng chuy\u00ean t\u00e0i ch\u00ednh. \u0110\u00e2y c\u0169ng l\u00e0 ch\u1ec9 ti\u00eau h\u1eefu \u00edch khi c\u1ea7n \u0111\u00e1nh gi\u00e1 nhanh m\u1ee9c \u0111\u1ed9 h\u1ea5p d\u1eabn c\u1ee7a m\u1ed9t d\u1ef1 \u00e1n ho\u1eb7c so s\u00e1nh s\u01a1 b\u1ed9 gi\u1eefa c\u00e1c ph\u01b0\u01a1ng \u00e1n.<\/span><\/p>\n<p><b>H\u1ea1n ch\u1ebf c\u1ea7n l\u01b0u \u00fd:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">D\u1ef1 \u00e1n c\u00f3 d\u00f2ng ti\u1ec1n \u0111\u1ed5i d\u1ea5u nhi\u1ec1u l\u1ea7n c\u00f3 th\u1ec3 cho nhi\u1ec1u nghi\u1ec7m IRR, g\u00e2y nh\u1ea7m l\u1eabn trong di\u1ec5n gi\u1ea3i<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">IRR kh\u00f4ng ph\u1ea3n \u00e1nh quy m\u00f4 gi\u00e1 tr\u1ecb: d\u1ef1 \u00e1n nh\u1ecf v\u1edbi IRR 40% ch\u01b0a ch\u1eafc t\u1ea1o ra nhi\u1ec1u gi\u00e1 tr\u1ecb h\u01a1n d\u1ef1 \u00e1n l\u1edbn v\u1edbi IRR 20% n\u1ebfu NPV c\u1ee7a d\u1ef1 \u00e1n sau cao h\u01a1n \u0111\u00e1ng k\u1ec3<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">IRR gi\u1ea3 \u0111\u1ecbnh d\u00f2ng ti\u1ec1n trung gian \u0111\u01b0\u1ee3c t\u00e1i \u0111\u1ea7u t\u01b0 \u1edf ch\u00ednh m\u1ee9c IRR m\u1ed9t gi\u1ea3 \u0111\u1ecbnh th\u01b0\u1eddng kh\u00f4ng ph\u1ea3n \u00e1nh th\u1ef1c t\u1ebf<\/span><\/li>\n<\/ul>\n<h4><span style=\"color: #f26f33;\"><b>3. MIRR \u2013 Su\u1ea5t sinh l\u1eddi n\u1ed9i t\u1ea1i hi\u1ec7u ch\u1ec9nh (Modified Internal Rate of Return)<\/b><\/span><\/h4>\n<p><b>MIRR l\u00e0 g\u00ec?<\/b><span style=\"font-weight: 400;\"> MIRR \u0111\u01b0\u1ee3c ph\u00e1t tri\u1ec3n \u0111\u1ec3 kh\u1eafc ph\u1ee5c tr\u1ef1c ti\u1ebfp c\u00e1c nh\u01b0\u1ee3c \u0111i\u1ec3m c\u1ee7a IRR, b\u1eb1ng c\u00e1ch t\u00e1ch bi\u1ec7t r\u00f5 r\u00e0ng hai gi\u1ea3 \u0111\u1ecbnh t\u00e0i ch\u00ednh:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>D\u00f2ng ti\u1ec1n \u00e2m<\/b><span style=\"font-weight: 400;\"> (chi ph\u00ed \u0111\u1ea7u t\u01b0) \u0111\u01b0\u1ee3c chi\u1ebft kh\u1ea5u v\u1ec1 hi\u1ec7n t\u1ea1i theo chi ph\u00ed t\u00e0i tr\u1ee3 v\u1ed1n<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>D\u00f2ng ti\u1ec1n d\u01b0\u01a1ng<\/b><span style=\"font-weight: 400;\"> (thu nh\u1eadp) \u0111\u01b0\u1ee3c gi\u1ea3 \u0111\u1ecbnh t\u00e1i \u0111\u1ea7u t\u01b0 theo chi ph\u00ed v\u1ed1n b\u00ecnh qu\u00e2n c\u1ee7a doanh nghi\u1ec7p th\u1ef1c t\u1ebf h\u01a1n nhi\u1ec1u so v\u1edbi IRR<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">K\u1ebft qu\u1ea3 l\u00e0 m\u1ed9t t\u1ef7 l\u1ec7 sinh l\u1eddi duy nh\u1ea5t, kh\u00f4ng c\u00f3 v\u1ea5n \u0111\u1ec1 \u0111a nghi\u1ec7m, ph\u1ea3n \u00e1nh s\u00e1t h\u01a1n kh\u1ea3 n\u0103ng sinh l\u1eddi th\u1ef1c t\u1ebf c\u1ee7a d\u1ef1 \u00e1n.<\/span><\/p>\n<p><b>Khi n\u00e0o n\u00ean \u01b0u ti\u00ean MIRR thay v\u00ec IRR?<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">D\u1ef1 \u00e1n c\u00f3 d\u00f2ng ti\u1ec1n b\u1ea5t th\u01b0\u1eddng ho\u1eb7c \u0111\u1ed5i d\u1ea5u nhi\u1ec1u l\u1ea7n<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Khi c\u1ea7n gi\u1ea3 \u0111\u1ecbnh t\u00e1i \u0111\u1ea7u t\u01b0 th\u1ef1c t\u1ebf v\u00e0 th\u1eadn tr\u1ecdng h\u01a1n<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Khi so s\u00e1nh c\u00e1c d\u1ef1 \u00e1n c\u00f3 v\u00f2ng \u0111\u1eddi kh\u00e1c nhau<\/span><\/li>\n<\/ul>\n<h4><span style=\"color: #f26f33;\"><b>4. PI \u2013 Ch\u1ec9 s\u1ed1 kh\u1ea3 n\u0103ng sinh l\u1eddi (Profitability Index)<\/b><\/span><\/h4>\n<p><b>PI l\u00e0 g\u00ec?<\/b><\/p>\n<p><b>PI = Hi\u1ec7n gi\u00e1 d\u00f2ng ti\u1ec1n thu\u1ea7n \u00f7 V\u1ed1n \u0111\u1ea7u t\u01b0 ban \u0111\u1ea7u<\/b><\/p>\n<p><span style=\"font-weight: 400;\">PI cho bi\u1ebft m\u1ed7i \u0111\u1ed3ng v\u1ed1n b\u1ecf ra t\u1ea1o ra bao nhi\u00eau \u0111\u1ed3ng gi\u00e1 tr\u1ecb hi\u1ec7n t\u1ea1i \u2014 hay n\u00f3i c\u00e1ch kh\u00e1c, \u0111\u00e2y l\u00e0 ch\u1ec9 ti\u00eau \u0111o l\u01b0\u1eddng <\/span><i><span style=\"font-weight: 400;\">hi\u1ec7u qu\u1ea3 s\u1eed d\u1ee5ng v\u1ed1n<\/span><\/i><span style=\"font-weight: 400;\"> thay v\u00ec t\u1ed5ng gi\u00e1 tr\u1ecb tuy\u1ec7t \u0111\u1ed1i.<\/span><\/p>\n<p><b>C\u00e1ch \u0111\u1ecdc k\u1ebft qu\u1ea3:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">PI &gt; 1 \u2192 d\u1ef1 \u00e1n hi\u1ec7u qu\u1ea3<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">PI = 1 \u2192 h\u00f2a v\u1ed1n v\u1ec1 gi\u00e1 tr\u1ecb<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">PI &lt; 1 \u2192 kh\u00f4ng \u0111\u1ea1t y\u00eau c\u1ea7u<\/span><\/li>\n<\/ul>\n<p><b>\u01afu \u0111i\u1ec3m:<\/b><span style=\"font-weight: 400;\"> PI \u0111\u1eb7c bi\u1ec7t h\u1eefu \u00edch khi doanh nghi\u1ec7p b\u1ecb gi\u1edbi h\u1ea1n ngu\u1ed3n v\u1ed1n v\u00e0 c\u1ea7n x\u1ebfp h\u1ea1ng \u01b0u ti\u00ean gi\u1eefa nhi\u1ec1u d\u1ef1 \u00e1n c\u1ea1nh tranh. Thay v\u00ec ch\u1ecdn d\u1ef1 \u00e1n c\u00f3 NPV l\u1edbn nh\u1ea5t (\u0111\u00f2i h\u1ecfi nhi\u1ec1u v\u1ed1n nh\u1ea5t), PI gi\u00fap t\u1ed1i \u0111a h\u00f3a gi\u00e1 tr\u1ecb t\u1ea1o ra tr\u00ean m\u1ed7i \u0111\u1ed3ng v\u1ed1n b\u1ecf ra.<\/span><\/p>\n<p><b>H\u1ea1n ch\u1ebf c\u1ea7n l\u01b0u \u00fd:<\/b><span style=\"font-weight: 400;\"> PI kh\u00f4ng ph\u1ea3n \u00e1nh quy m\u00f4 gi\u00e1 tr\u1ecb tuy\u1ec7t \u0111\u1ed1i. Hai d\u1ef1 \u00e1n c\u00f3 PI nh\u01b0 nhau nh\u01b0ng NPV c\u00f3 th\u1ec3 ch\u00eanh l\u1ec7ch l\u1edbn n\u1ebfu v\u1ed1n \u0111\u1ea7u t\u01b0 kh\u00e1c nhau. V\u00ec v\u1eady, PI n\u00ean \u0111\u01b0\u1ee3c d\u00f9ng k\u1ebft h\u1ee3p v\u1edbi NPV, kh\u00f4ng thay th\u1ebf.<\/span><\/p>\n<h4><span style=\"color: #f26f33;\"><b>5. PP &amp; DPP \u2013 Th\u1eddi gian ho\u00e0n v\u1ed1n (Payback Period &amp; Discounted Payback Period)<\/b><\/span><\/h4>\n<p><b>PP v\u00e0 DPP l\u00e0 g\u00ec?<\/b><\/p>\n<p><b>PP (Payback Period)<\/b><span style=\"font-weight: 400;\"> l\u00e0 th\u1eddi gian c\u1ea7n thi\u1ebft \u0111\u1ec3 t\u1ed5ng d\u00f2ng ti\u1ec1n thu v\u1ec1 b\u1eb1ng v\u1edbi v\u1ed1n \u0111\u1ea7u t\u01b0 ban \u0111\u1ea7u, t\u00ednh theo d\u00f2ng ti\u1ec1n danh ngh\u0129a ch\u01b0a chi\u1ebft kh\u1ea5u.<\/span><\/p>\n<p><b>DPP (Discounted Payback Period)<\/b><span style=\"font-weight: 400;\"> l\u00e0 phi\u00ean b\u1ea3n th\u1eadn tr\u1ecdng h\u01a1n c\u1ee7a PP \u2014 s\u1eed d\u1ee5ng d\u00f2ng ti\u1ec1n \u0111\u00e3 \u0111\u01b0\u1ee3c chi\u1ebft kh\u1ea5u v\u1ec1 hi\u1ec7n t\u1ea1i, cho k\u1ebft qu\u1ea3 th\u1ef1c t\u1ebf h\u01a1n.<\/span><\/p>\n<p><b>\u01afu \u0111i\u1ec3m:<\/b><span style=\"font-weight: 400;\"> Tr\u1ef1c quan, d\u1ec5 hi\u1ec3u v\u1edbi m\u1ecdi \u0111\u1ed1i t\u01b0\u1ee3ng. Nh\u00f3m ch\u1ec9 ti\u00eau n\u00e0y ph\u1ea3n \u00e1nh t\u1ed1c \u0111\u1ed9 thu h\u1ed3i v\u1ed1n v\u00e0 m\u1ee9c \u0111\u1ed9 thanh kho\u1ea3n c\u1ee7a d\u1ef1 \u00e1n \u0111\u1eb7c bi\u1ec7t c\u00f3 gi\u00e1 tr\u1ecb trong m\u00f4i tr\u01b0\u1eddng Dubai Palace casino thể thao, casino, slot game, bắn cá, xổ số bi\u1ebfn \u0111\u1ed9ng ho\u1eb7c khi ki\u1ec3m so\u00e1t r\u1ee7i ro l\u00e0 \u01b0u ti\u00ean h\u00e0ng \u0111\u1ea7u.<\/span><\/p>\n<p><b>H\u1ea1n ch\u1ebf quan tr\u1ecdng:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ho\u00e0n to\u00e0n b\u1ecf qua d\u00f2ng ti\u1ec1n ph\u00e1t sinh <\/span><i><span style=\"font-weight: 400;\">sau<\/span><\/i><span style=\"font-weight: 400;\"> th\u1eddi \u0111i\u1ec3m ho\u00e0n v\u1ed1n t\u1ee9c l\u00e0 b\u1ecf qua ph\u1ea7n l\u1edbn gi\u00e1 tr\u1ecb d\u00e0i h\u1ea1n c\u1ee7a d\u1ef1 \u00e1n<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">PP kh\u00f4ng t\u00ednh gi\u00e1 tr\u1ecb th\u1eddi gian c\u1ee7a ti\u1ec1n (DPP kh\u1eafc ph\u1ee5c \u0111i\u1ec3m n\u00e0y nh\u01b0ng v\u1eabn gi\u1eef h\u1ea1n ch\u1ebf tr\u00ean)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Kh\u00f4ng n\u00ean d\u00f9ng PP\/DPP l\u00e0m ti\u00eau ch\u00ed quy\u1ebft \u0111\u1ecbnh ch\u00ednh ch\u1ec9 n\u00ean d\u00f9ng nh\u01b0 ch\u1ec9 ti\u00eau b\u1ed5 sung \u0111\u1ec3 \u0111\u00e1nh gi\u00e1 r\u1ee7i ro ho\u00e0n v\u1ed1n<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Ng\u01b0\u1eddi l\u00e0m t\u00e0i ch\u00ednh gi\u1ecfi kh\u00f4ng ch\u1ec9 t\u00ednh \u0111\u00fang c\u00f4ng th\u1ee9c m\u00e0 c\u00f2n bi\u1ebft k\u1ebft h\u1ee3p c\u00e1c ch\u1ec9 ti\u00eau v\u1edbi ph\u00e2n t\u00edch d\u00f2ng ti\u1ec1n, \u0111\u1ed9 nh\u1ea1y v\u00e0 r\u1ee7i ro \u0111\u1ec3 \u0111\u01b0a ra quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0 c\u00f3 c\u0103n c\u1ee9, ph\u00f9 h\u1ee3p v\u1edbi th\u1ef1c t\u1ebf Dubai Palace casino thể thao, casino, slot game, bắn cá, xổ số.<\/span><\/p>\n<h5><b>Mu\u1ed1n \u0111i s\u00e2u h\u01a1n v\u00e0o th\u1ea9m \u0111\u1ecbnh t\u00e0i ch\u00ednh d\u1ef1 \u00e1n?<\/b><\/h5>\n<p><span style=\"font-weight: 400;\">Kh\u00f3a h\u1ecdc <\/span><b>&#8220;<a href=\"https:\/\/hr.dotv.vn\/chuong-trinh-dao-tao\/tham-dinh-tai-chinh-du-an-dau-tu-thuc-hanh\/\">Th\u1ea9m \u0111\u1ecbnh t\u00e0i ch\u00ednh d\u1ef1 \u00e1n \u0111\u1ea7u t\u01b0 \u0111\u1ea7u t\u01b0 th\u1ef1c h\u00e0nh<\/a>&#8220;<\/b><span style=\"font-weight: 400;\"> t\u1ea1i <\/span><b>Vi\u1ec7n Ph\u00e1t tri\u1ec3n Ngu\u1ed3n nh\u00e2n l\u1ef1c v\u00e0 Kinh doanh \u2013 Dubai Palace<\/b><span style=\"font-weight: 400;\"> \u0111\u01b0\u1ee3c thi\u1ebft k\u1ebf theo h\u01b0\u1edbng th\u1ef1c ti\u1ec5n: kh\u00f4ng ch\u1ec9 d\u1eebng \u1edf l\u00fd thuy\u1ebft, m\u00e0 \u0111i v\u00e0o ph\u00e2n t\u00edch d\u00f2ng ti\u1ec1n th\u1ef1c t\u1ebf, x\u1eed l\u00fd c\u00e1c t\u00ecnh hu\u1ed1ng m\u00e2u thu\u1eabn gi\u1eefa ch\u1ec9 ti\u00eau, v\u00e0 x\u00e2y d\u1ef1ng t\u01b0 duy ra quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0 b\u00e0i b\u1ea3n.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trong th\u1ea9m \u0111\u1ecbnh t\u00e0i ch\u00ednh d\u1ef1 \u00e1n, vi\u1ec7c bi\u1ebft t\u00ednh to\u00e1n c\u00e1c ch\u1ec9 ti\u00eau l\u00e0 ch\u01b0a \u0111\u1ee7. \u0110i\u1ec1u quan tr\u1ecdng h\u01a1n l\u00e0 hi\u1ec3u \u0111\u00fang \u00fd ngh\u0129a c\u1ee7a t\u1eebng ch\u1ec9 ti\u00eau v\u00e0 bi\u1ebft c\u00e1ch v\u1eadn d\u1ee5ng ch\u00fang trong t\u1eebng t\u00ecnh hu\u1ed1ng th\u1ef1c t\u1ebf.<\/p>\n<p>Nhi\u1ec1u ng\u01b0\u1eddi c\u00f3 th\u1ec3 t\u00ednh \u0111\u01b0\u1ee3c NPV, IRR hay th\u1eddi gian ho\u00e0n v\u1ed1n. Nh\u01b0ng khi \u0111\u1ee9ng tr\u01b0\u1edbc m\u1ed9t d\u1ef1 \u00e1n th\u1ef1c t\u1ebf, c\u00e2u h\u1ecfi kh\u00f3 h\u01a1n m\u1edbi xu\u1ea5t hi\u1ec7n:<\/p>\n<p>Ch\u1ec9 ti\u00eau n\u00e0o ph\u1ea3n \u00e1nh \u0111\u00fang gi\u00e1 tr\u1ecb c\u1ee7a d\u1ef1 \u00e1n?<br \/>\nKhi n\u00e0o c\u00e1c ch\u1ec9 ti\u00eau cho k\u1ebft qu\u1ea3 m\u00e2u thu\u1eabn nhau?<br \/>\nV\u00e0 \u0111\u00e2u m\u1edbi l\u00e0 c\u01a1 s\u1edf \u0111\u00e1ng tin c\u1eady \u0111\u1ec3 ra quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0?<\/p>\n","protected":false},"author":1,"featured_media":32417,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-32416","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tin-tuc"],"_links":{"self":[{"href":"https:\/\/hr.dotv.vn\/wp-json\/wp\/v2\/posts\/32416","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hr.dotv.vn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hr.dotv.vn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hr.dotv.vn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hr.dotv.vn\/wp-json\/wp\/v2\/comments?post=32416"}],"version-history":[{"count":2,"href":"https:\/\/hr.dotv.vn\/wp-json\/wp\/v2\/posts\/32416\/revisions"}],"predecessor-version":[{"id":32419,"href":"https:\/\/hr.dotv.vn\/wp-json\/wp\/v2\/posts\/32416\/revisions\/32419"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hr.dotv.vn\/wp-json\/wp\/v2\/media\/32417"}],"wp:attachment":[{"href":"https:\/\/hr.dotv.vn\/wp-json\/wp\/v2\/media?parent=32416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hr.dotv.vn\/wp-json\/wp\/v2\/categories?post=32416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hr.dotv.vn\/wp-json\/wp\/v2\/tags?post=32416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}