If you can't read please download the document
Upload
truongdung
View
216
Download
1
Embed Size (px)
Citation preview
3OLQVNLNRPELQLUDQLDSDUDWVYHQWLODWRURP
(85267$5.20%,=:(0)$
QHRYLVDQR]UDNXXSURVWRULMLVDXWRPDWVNLPSDOMHQMHP
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
8LQDNDSDUDWDVHEHVWXSQMHYLWRSULODJRDYDWUHQXWDQRMSRWUDQML]DWRSOLQVNRPHQHUJLMRPXQXWDUSRGUXMDUHJXODFLMH3RVWRMLPRJXQRVWXJUDGQMHUHJXODFLMHYRHQHYUHPHQVNLPSULOLNDPDLXNORSQRJVDWDXJHQHUDWRUXWRSOLQH
-XQNHUVSOLQVNLNRPELQLUDQLDSDUDW=:(0)$QHRYLVDQR]UDNXXSURVWRULMLPRHVHLQVWDOLUDWLQDLOLXEOL]LQLYDQMVNRJ]LGDSURHOMD=DKYDOMXMXLUDGXDSDUDWXQHRYLVQRPR]UDNXXSURVWRULMLQMHJRYRSRVWDYOMDQMHQHRYLVLRGYHOLLQHSURVWRULMH]DSRVWDYOMDQMH6YHREXKYDWQLSULERUGLPRYRGQRJSULNOMXNDSUXDUD]QROLNHPRJXQRVWLSULPMHQH=DKYDOMXMXLPRJXQRVWLQDGEXNQRJLQVWDOLUDQMD-XQNHUVSOLQVNLNRPELQLUDQLDSDUDW=:(0)$RVRELWRMHSRJRGDQNRGUHQRYLUDQMDVWDULMLK]JUDGD5D]QROLNHPRJXQRVWLSULPMHQHSUXDQDPMHVWLYDL]OD]QDWHPSHUDWXUDWRSOHYRGHNRGSULSUHPHWRSOHYRGH
-XQNHUVSOLQVNLDSDUDWL=:(0)$LVSLWDQLVXLRGREUHQLSUHPD(*6PMHUQLFDPD]DSOLQVNHDSDUDWH(:*LSU(16LJXUQRVQRWHKQLNDRSUHPDRGJRYDUD',1OLVW7YRUQLNLVHSOLQVNLNRPELQLUDQLDSDUDWLLVSRUXXMXNDRQLVNRWHPSHUDWXUQLJHQHUDWRULWRSOLQH17NRGNRMHJMHWHPSHUDWXUDSROD]QRJYRGDNRGUDGDJULMDQMDRJUDQLHQDQDPD[&1DPMHVWXLQVWDOLUDQMDWHPSHUDWXUDSROD]QRJYRGDJULMDQMDPRHVHSRYLVLWLQDPD[&0RJXMHUDGVSULURGQLPSOLQRP+/LOLWHNXLPSOLQRP
6DGUDM 6WUDQD
7HKQLNLSRGDFL
.RQVWUXNFLMDLGMHORYDQMH
'LPHQ]LMHDSDUDWD
6KHPDGYRFLMHYQRJVXVWDYDJULMDQMDSULNOMXDNWRSOHYRGH
3ULSUHPDWRSOHYRGH&LUNXODFLMVNDSXPSD
3RGORJH]DSURMHNWLUDQMH0HPEUDQVNDNRPSHQ]DFLMVNDSRVXGD
3RGORJH]DSURMHNWLUDQMH3ULSUHPDWRSOHYRGH
3RGORJH]DSURMHNWLUDQMH2ELOD]QLYHQWLO
(OHNWULQLSULNOMXDN
3RVHEQLHOHNWULQLVNORSRY L
3RGORJH]DSURMHNWLUDQMH2GYRGGLPQLKSOLQRYDL]YDQSURHOMD
3RGORJH]DSURMHNWLUDQMH2GYRGGLPQLKSOLQRYDYRGRUDYQRL]QDGNURYD
3RGORJH]DSURMHNWLUDQMH2GYRGGLPQLKSOLQRYDRNRPLWRL]QDGNURYD
3UHJOHGSULERUDGLPRYRGQRJSULNOMXNDYRGRUDYQRL]QDGNURYDLSURHOMD
3UHJOHGSULERUDGLPRYRGQRJSULNOMXNDRNRPLWRL]QDGNURYD
3UHJOHGSULERUDGLPRYRGQRJSULNOMXNDNRGSULNOMXNDQD/$6
3UHJOHGSURL]YRGD5HJXODFLMDJULMDQMD
5HJXODFLMDVREQHWHPSHUDWXUH
5HJXODFLMDJULMDQMDYRHQDYUHPHQVNLPSULOLNDPD
3UHJOHGSULERUD]DSULNOMXDN
=DGUDYDPRSUDYRQDWHKQLNHL]PMHQH
7HKQLNLSRGDFL=:(0)$
7LSDSDUDWD -HGLQLFD =:50)$ =:50)$ 8LQDN 1D]LYQLWRSOLQVNLXLQDN N: 1D]LYQRWRSOLQVNRRSWHUHHQMH N: 1DMPDQMLWRSOLQVNLXLQDN N: 1DMPDQMHWRSOLQVNRRSWHUHHQMH N: 1DPMHVWLYLXLQDNJULMDQMD N: 5DGQRSRGUXMHQHSUHNLGQHUHJXODFLMH N: 1D]LYQLVDGUDMYRGD]DJULMDQMH O 3ULNOMXQHYULMHGQRVWLSOLQD 3ULURGQLSOLQ/+8% N:KP
PK 3ULURGQLSOLQ++8% N:KP
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
2GREUHQSUHPD ()6PMHUQLFDPD]DSOLQVNHDSDUDWH(:*LSU(1,GHQWLILNDFLMVNLEURMSURL]YRGD &($6 &($6.DWHJRULMDDSDUDWD &;&;&;&;%;
.RQVWUXNFLMVNDL]YHGED-XQNHUVSOLQVNLDSDUDWLVHULMH=:(0)$VDVWRMHVHRGVOLMHGHLKRVQRYQLKHOHPHQDWD
8JUDHQDSOLQVNDDUPDWXUD&(]DSULURGQLLWHNXLSOLQLPDGYDPDJQHWVNDYHQWLODNODVH%NDRVLJXUQRVQLYHQWLOUHJXODWRUWODNDLUHJXODFLMVNLYHQWLO0UHLFDQDXOD]XXSOLQVNXDUPDWXUXVSUMHDYDSURGLUDQMHVWUDQLKHVWLFD1DPMHUQRPQDVWDYNXPRHVHPMHUQLPLQVWUXPHQWRPLVSLWDWLSULNOMXQLWODNDQDPMHUQRPQDVWDYNXWODNXVDSQLFL3UHNRGYDYLMND]DSRGHDYDQMHSRGHDYDVHVWDUWQDSRHWQDNROLLQDSOLQDLPDNVLPDOQDNROLLQDSOLQDQDXJUDHQRPUHJXODWRUXWODND
8NRPRULJRUHQMDRSODNLYDQRM]UDNRPVWRSOLQVNLPEORNRPRGEDNUHQLKODPHOD RVWYDUXMHVHSULMHQRVWRSOLQVNHHQHUJLMHYUXLKGLPQLKSOLQRYDQDYRGX]DJULMDQMH
-HGQRVWXSDQMVNLYHQWLODWRU]DGLPQHSOLQRYHRGYRGLGLPQHSOLQRYHLGRYRGL]UDN]DL]JDUDQMH.RQWURODYROXPQHVWUXMHSURYRGLVHRGX]LPDQMHPGLIHUHQFLMDOQRJWODND LWODQRPGR]RPVNRQWURORPPLUXMXLKNRQWDNDWD
$WPRVIHUVNLSODPHQLNRGYLVRNRNYDOLWHWQRJHOLNDRSUHPOMHQMHDXWRPDWVNLPSDOMHQMHPD]DNRQWUROXSODPHQDVLRQL]LUDMXRPHOHNWURGRP
6OLMHGHHHOHNWULQHNRPSRQHQWHLQWHJULUDQHVXNDRVLJXUQRVQLLUHJXODFLMVNLXUHDM 17&SROD]QRJYRGDQDWRSOLQVNRPEORNX]DUHJLVWULUDQMHWHPSHUDWXUHSROD]QRJYRGDVXVWDYDJULMDQMD
6LJXUQRVQLJUDQLQLNWHPSHUDWXUH 17&WRSOHYRGH
'YRVWXSDQMVNDFLUNXODFLMVNDSXPSD VLQWHJULUDQLPRGYDMDHP]UDNDXJUDHQDMHXSRYUDWQLYRGJULMDQMD
8JUDHQDJUDYLWDFLMVNDNRQLFDVSUHDYDNRGLVNOMXHQHFLUNXODFLMVNHSXPSHXSRJRQXSULSUHPHWRSOHYRGHGDVHSRMDYLSRJUHQDFLUNXODFLMDDWLPHLVPDQMHQMHXLQNDWRSOHYRGH
8JUDHQDPHPEUDQVNDNRPSHQ]DFLMVNDSRVXGD SUHX]LPDLUHQMHYRGH]DJULMDQMHX]DWYRUHQRPVXVWDYX
8JUDHQLVLJXUQRVQLYHQWLORJUDQLDYDWODNXNUXJXJULMDQMDQDEDU
1DPDQRPHWUXPRHVHRLWDWLUDGQLRGQRVQRWODNSXQMHQMDLQVWDODFLMHJULMDQMD
6XJUDHQLPXUHDMHP]DSXQMHMHPRHVHMHGQRVWDYQRQDSXQLWLNUXJJULMDQMD
%RVFK+HDWURQLFSUHX]LPDHOHNWULQRXSUDYOMDQMHLUHJXODFLMXSOLQVNRJDSDUDWD2YDMMHVNORSWDNRRSUHPOMHQGD VHPRHXJUDGLWLUHJXODFLMDYRHQDYUHPHQVNLPSULOLNDPD7$(LNRPELQLUDWLVXJUDGEHQLPXNORSQLPVDWRPNRMLYUHPHQVNLXSUDYOMDXGREQRXWURHQMDWRSOHYRGH
VHWHPSHUDWXUDSROD]QRJYRGDJULMDQMDSRND]XMHSUHNRGLVSOHMDLGDMHSUHNRVORYQRJNRGD]DVHUYLVLUDQMHPRJXDEU]DGLMDJQR]D
MHXOMHWQRPSRJRQXVYDNDVDWDLQWHJULUDQNUDWNRWUDMQLUDGSXPSHRGVNDNRELVHVSUHLOR]DJODYOMLYDQMHFLUNXODFLMVNHSXPSH
XJUDHQD]DWLWDRGVPU]DYDQMDVSUMHDYD]DPU]DYDQMHSOLQVNRJDSDUDWD
LQHUFLMVNLUDGFLUNXODFLMVNHSXPSHLYHQWLODWRUDRYLVDQRGWHPSHUDWXUHVSUHDYDVLJXUQRVQRLVNOMXLYDQMHXID]LGRJULMDYDQMD
VHPRHSUHVSRMLWLSULSUHPDWRSOHYRGHL]PHX(&2LSRJRQDXGREQRVWL
VHSUHNRVHUYLVQRJPRGXVDPRHSRMHGLQDQRQDPMHVWLWLWDNWQL]DSRU]DSRJRQXWRNHPLQYUVWDXNODSDQMDSXPSHLWXNOMXLYDQMH
MHPRJXSULNOMXDN%86PRGXOD]DSULNOMXDNQDUHJXODFLMXSRMHGLQDQHSURVWRULMHL%RVFK'RPRWLN
VHPRHQDPMHVWLWLL]OD]QDWHPSHUDWXUDWRSOHYRGHLUHJXOLUDWLSUHNR17&DWRSOHYRGH
7RSORYRGQLSRJRQ
-XQNHUVSOLQVNLDSDUDW=:(0)$RPRJXDYDWULXNODSDQMDXGREQRVWLSRL]ERUX
x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
x .RPIRUW3XUVXNORSQLPVDWRP6XJUDGEHQLPXNORSQLPVDWRPL]SURJUDPDUHJXODFLMHPRJXHMH.RPIRUWSRJRQYUHPHQVNLRJUDQLLWLQSURGGRK8SUHRVWDORYULMHPHSUHNRXNORSQRJVDWDSURYRGLVHDXWRPDWVNRSUHVSDMDQMHQD(&2SRJRQVDWHGQMRPHQHUJLMH
x (&2SRJRQ.RGRYRJQDLQDUDGDVDWHGQMRPHQHUJLMHNUXJWRSOHYRGH]DJULMDWHVHVDPRDNRMHSUHPDHQDSUHWKRGQRSURSLVDQDPLQLPDOQDNROLLQDYRGH]DXNOMXLYDQMHDWR]QDLGDSUHNRPLNURSUHNLGDDVLJQDOSUHSR]QDYDQMDGROD]LGRFHQWUDOQHHOHNWURQLNHLVDGDSRLQMHVSULRULWHWQLPXNOMXLYDQMHPSRWURQHYRGH17&WRSOHYRGH]DKYDDDNWLYQRXUHJXODFLMVNLODQDFNDNRELVHSRVWLJDRRSWLPDOQLXLQDNWRSOHYRGH
=:(0)$SULURGQLLWHNXLSOLQ
0MHUQLQDVWDYDN]DWODNXVDSQLFL
8SUDYOMDNLXUHDM *UDQLQLNWHPSWRSOLQVNRJ
EORND 17&WRSOHYRGH 0MHUQLQDVWDYDN]DSULNOMXQL
WODN 0DQRPHWDU )XQNFLMVNLYRG 0RQWDQDSULNOMXQDSORD 6LIRQVOLMHYNRP 6LJXUQRVQLYHQWLO 3XPSDVRGYDMDHP]UDNDL
GYDEURMDRNUHWDMD .RPSHQ]DFLMVNDSRVXGD 9HQWLO]DSXQMHQMHGXLNRP $XWRPDWVNLR]GUDQLN ,QMHNWRUVNHVDSQLFH 3ODPHQLN .RQWUROQDHOHNWURGD (OHNWURGD]DSDOMHQMH 9RGWRSOHYRGH 7RSOLQVNLEORN]DJULMDQMHL
WRSOXYRGX
2VMHWLORWHPSXSROD]YRGX17&
1DSUDYD]DGRSXQMDYDQMH 3ROD]QLYRGJULMDQMD 7RSODYRGD 3OLQ +ODGQDYRGD 3RYUDWQLYRGJULMDQMD 2GYRG 0DJQHWVNLYHQWLO 0DJQHWVNLYHQWLO 5HJXODWRUWODND 0UHLFD 3OLQVNDDUPDWXUD&( 7DQMXUJODYQRJYHQWLOD 'XJPH]DSRQLWDYDQMH
VPHWQML 9LMDN]DSRGHPD[NROLLQH
SOLQD 9LMDN]DSRGHPLQNROLLQH
SOLQD 5HJXODFLMVNLPDJQHW 5HJXODFLMVNLYHQWLO 9HQWXUL 5HJXODWRUNROLLQHYRGH
0HPEUDQD 3RGL]DVXNORSJUHEHQRP 0LNURSUHNLGD 9HQWLO]DNROLSRWURQHYRGH 9RGHQDVNORSND *ODYQDVNORSND 5HJXODWRUWHPS]DJULMDQMH 2PHWDSRYUDWQRJVWUXMDQMD =DWLWDRGYMHWUD &LMHY]D]UDNGLPQHSOLQRYH 2GX]LPDQMHGLIHUHQFWODND 9HQWLODWRU 'LIHUHQFLMDOQDWODQDVNORSND .RPRUDL]JDUDQMH 1DVWDY]DPMHUGLPSOLQRYD 1DVWDY]DPMHU]UDNDL]J 5HJXODWRUWHPS]DWRSOXYRGX 'LVSOHM .RQWUODPS]DUDGSODPHQLND .RQWUROODPSLFD,LVNOMXNOM 7LSND]DGLPQMDDUD 6HUYLVQDWLSND (&2WLSND
3RGORJH]DSURMHNWLUDQMH
'LPHQ]LMHDSDUDWD
6O
/HJHQGDX]VO
0RQWDQDSULNOMXQDSORD 3ODW .RQWUROQLRWYRU =DVORQXSUDYOMDNHSORH
0RQWDQDDEORQD 1RVDL]DYMHDQMH 3RORDMHOHNWULQRJNDEHODL]]LGD
6KHPDFLMHYQRJVXVWDYDJULMDQMDVSULNOMXNRPQDWRSOXYRGX
3RGORJH]DSURMHNWLUDQMH&LUNXODFLMVNDSXPSD
&LUNXODFLMVNHSXPSH
6O
/HJHQGDX]VO
% .DUDNWHULVLWND]DVHULMVNXSXPSXVSRORDMHPVNORSNH
&