Tài liệu Phân tích các yếu tố ảnh hưởng đến giá trị bất động sản công nghiệp khu vực phía nam việt nam

 ĈҤ,+Ӑ&48Ӕ&*,$73+&0 75ѬӠ1*ĈҤ,+Ӑ&%È&+.+2$    75Ҫ1'8<.+È1+   3+Æ17Ë&+&È&<ӂ87ӔҦ1++ѬӢ1*Ĉӂ1 *,È75ӎ%Ҩ7ĈӜ1*6Ҧ1&Ð1*1*+,ӊ3 Ӣ.+89Ӵ&3+Ë$1$09,ӊ71$0   &KX\rQQJjQK4XҧQ/ê;k\'ӵQJ  0mVӕ    /8Ұ19Ă17+Ҥ&6Ƭ     73+Ӗ&+Ë0,1+WKiQJQăP   1*+,Ç1&Ӭ8ĈѬӦ&+2¬17+¬1+7Ҥ, 75ѬӠ1*ĈҤ,+Ӑ&%È&+.+2$±Ĉ0++4*+&0 &iQEӝKѭӟQJGүQNKRDKӑF761JX\ӉQ$QK7Kѭ &KӳNê &iQEӝKѭӟQJGүQNKRDKӑF76ĈһQJ7Kӏ7UDQJ &KӳNê &iQEӝFKҩPQKұQ[pW767UҫQ1JX\ӉQ1JӑF&ѭѫQJ &KӳNê &iQEӝFKҩPQKұQ[pW3*676+j'X\.KiQK &KӳNê /XұQYăQWKҥFVƭÿѭӧFEҧRYӋWҥL7UѭӡQJĈҥLKӑF%iFK.KRDĈ0++4*7S+&0 QJj\WKiQJQăPWUӵFWX\ӃQ  7KjQKSKҫQ+ӝLÿӗQJÿiQKJLiOXұQYăQWKҥFVƭJӗP 76/r+RjL/RQJ &KӫWӏFKKӝLÿӗQJ 767UҫQ1JX\ӉQ1JӑF&ѭѫQJ &iQEӝSKҧQELӋQ 76Ĉӛ7LӃQ6ӻ 7KѭNêKӝLÿӗQJ 3*676+j'X\.KiQK &iQEӝSKҧQELӋQ 761JX\ӉQ7KDQK9LӋW Ӫ\YLrQKӝLÿӗQJ  ;iFQKұQFӫD&KӫWӏFK+ӝLÿӗQJÿiQKJLi/9Yj7UѭӣQJ.KRDTXҧQOêFKX\rQQJjQK VDXNKLOXұQYăQÿmÿѭӧFVӱDFKӳDQӃXFy &+Ӫ7ӎ&++Ӝ,ĈӖ1* 75ѬӢ1*.+2$.Ӻ7+8Ұ7;Æ<'Ӵ1*   76/Ç+2¬,/21*    ĈҤ,+Ӑ&48Ӕ&*,$73+&0 &Ӝ1*+Ñ$;­+Ӝ,&+Ӫ1*+Ƭ$9,ӊ71$0 75ѬӠ1*ĈҤ,+Ӑ&%È&+.+2$ ĈӝF/ұS±7ӵ'R±+ҥQK3K~F 1+,ӊ09Ө/8Ұ19Ă17+Ҥ&6Ƭ +ӑYjWrQKӑFYLrQ 7UҫQ'X\.KiQK 1Jj\WKiQJQăPVLQK  &KX\rQQJjQK 4XҧQOê[k\GӵQJ ,7Ç1Ĉӄ7¬, 06+9  1ѫLVLQK 7LӅQ*LDQJ 0mVӕ   3+Æ17Ë&+&È&<ӂ87ӔҦ1++ѬӢ1*Ĉӂ1*,È75ӎ%Ҩ7ĈӜ1*6Ҧ1&Ð1* 1*+,ӊ3Ӣ.+89Ӵ&3+Ë$1$09,ӊ71$0 ,,1+,ӊ09Ө9¬1Ӝ,'81*  ;iFÿӏQKFiF\ӃXWӕҧQKKѭӣQJÿӃQJLiWUӏEҩWÿӝQJVҧQF{QJQJKLӋSӣNKXYӵFSKtD 1DP9LӋW1DP  7URQJQKӳQJ\ӃXWӕҧQKKѭӣQJÿӃQJLiWUӏEҩWÿӝQJVҧQF{QJQJKLӋSӣNKXYӵFSKtD 1DP9LӋW1DPÿiQKJLiWҫPTXDQWUӑQJYjPӭFÿӝҧQKKѭӣQJFӫDFiF\ӃXWӕÿm ÿѭӧF[iFÿӏQKÿѭӧF  ÈSGөQJP{KuQKKӗLTX\ÿDELӃQÿӇѭӟFOѭӧQJJLiWUӏÿӕLYӟLFiFEҩWÿӝQJVҧQF{QJ QJKLӋSӣNKXYӵFSKtD1DP9LӋW1DP ,,,1*¬<*,$21+,ӊ09Ө  ,91*¬<+2¬17+¬1+1+,ӊ09Ө 9&È1%Ӝ+ѬӞ1*'Ү1 76ĈҺ1*7+ӎ75$1*  761*8<ӈ1$1+7+Ѭ Tp. H͛ Chí Minh, ngày … tháng … năm 2021 &È1%Ӝ+ѬӞ1*'Ү1 &È1%Ӝ+ѬӞ1*'Ү1 &+Ӫ1+,ӊ0%Ӝ0Ð1   76ĈҺ1*7+ӎ75$1* 761*8<ӈ1$1+7+Ѭ 75ѬӢ1*.+2$.Ӻ7+8Ұ7;Æ<'Ӵ1*  L   /Ӡ,&Ҧ0Ѫ1 /ӡLÿҫXWLrQ7{L[LQÿѭӧFSKpSJӱLOӡLFҧPѫQFKkQWKjQKÿӃQTXêWKҫ\F{Eӝ P{Q4XҧQOê[k\GӵQJÿmWұQWuQKGҥ\EҧRYjWUX\ӅQÿҥWFKRW{LYӅFiFP{QFKX\rQ QJjQKWURQJVXӕWWKӡLJLDQTXDQKӡÿyW{LFyQӅQWҧQJNLӃQWKӭFYӳQJFKҳFÿӇYұQGөQJ YjRYLӋFOjPOXұQYăQWӕWQJKLӋSQKӳQJNLӃQWKӭFWKҫ\F{WX\ӅQÿҥWNK{QJQKӳQJJL~S tFKFKRW{LWURQJÿӅWjLQj\PjFzQJL~SFKRW{LOjPWӕWF{QJYLӋFVDXQj\ 7{L[LQEj\WӓOzQJELӃWѫQVkXVҳFQKҩWÿӃQF{761JX\ӉQ$QK7KѭYjF{76 ĈһQJ7Kӏ7UDQJÿmWұQWuQKKѭӟQJGүQW{LWURQJTXiWUuQKOjPOXұQYăQFҧPѫQFiFF{ ÿmFKLDVҿQKӳQJNLQKQJKLӋPQKӳQJQJXӗQWjLOLӋXEәtFKÿӇW{LFyWKӇWKDPNKҧRYj YұQGөQJ 7{L[LQFҧPѫQFiFDQKFKӏ7KҥF6ƭNKyDWUѭӟFFiFEҥQÿӗQJNKyDÿһFELӋWFiF EҥQWURQJOӟS4XҧQOê[k\GӵQJNKyDÿmQKLӋWWuQKJL~SÿӥÿӇKRjQWKjQKWӕWQJKLrQ FӭXQj\ &XӕLFQJW{L[LQFҧPѫQÿӃQJLDÿuQKEҥQEqÿmOX{QÿӝQJYLrQJL~SÿӥW{L WURQJVXӕWWKӡLJLDQKӑFWұSYjWURQJTXiWUuQKOXұQYăQWӕWQJKLӋSÿӇW{LFyWKӇKRjQ WKjQKPӝWFiFKWӕWQKҩWFyWKӇ 7URQJTXiWUuQKWKӵFKLӋQÿӅWjLUҩWNKyWUiQKNKӓLQKӳQJVDLVyWW{LUҩWPRQJ QKұQÿѭӧFVӵÿyQJJySWӯFiFWKҫ\F{ÿӇKRjQWKLӋQWӕWKѫQ .tQKFK~FTXêWKҫ\F{QJj\FjQJWKjQKÿҥWQKLӅXVӭFNKӓHÿӇFӕQJKLӃQFKRVӵ QJKLӋSJLiRGөF &KkQWKjQKFҧPѫQ 7S+&0QJj\WKiQJQăP          LL 7UҫQ'X\.KiQK  7Ï07Ҳ7/8Ұ19Ă1 %ҩWÿӝQJVҧQF{QJQJKLӋS9LӋW1DPPӝWOҫQQӳDÿmÿѭӧFÿyQQKұQPӝWOjQVyQJÿҫXWѭUҩW OӟQWӯFiFF{QJW\QѭӟFQJRjLJySSKҫQJL~SFKRFiFQJjQKF{QJQJKLӋSSKiWWULӇQPҥQKPӁ 7X\QKLrQSKiWWULӇQTXiPҥQKPӁQKѭYұ\GүQÿӃQWLӅPҭQQKLӅXUӫLURQrQYLӋFJLҧPEӟW UӫLURFKRFiFQKjÿҫXWѭFNJQJQKѭWuPUDÿѭӧFFiF\ӃXWӕWKұWVӵҧQKKѭӣQJÿӃQJLiWUӏEҩW ÿӝQJVҧQF{QJQJKLӋSOjYLӋFUҩWFҫQWKLӃW0һFGFyUҩWQKLӅXQJKLrQFӭXWUѭӟFÿk\ÿѭӧF WKӵFKLӋQYӅFiF\ӃXWӕFӫDEҩWÿӝQJVҧQQKjӣFKѭDWKұWVӵFyÿӅWjLQjRQJKLrQFӭXYӅEҩW ÿӝQJVҧQF{QJQJKLӋS 1JKLrQFӭXÿѭӧFWKӵFKLӋQTXDJLDLÿRҥQӣJLDLÿRҥQKDLPѭѫLOăP\ӃXWӕÿѭӧF\rXFҫX ÿiQKJLiPӭFÿӝҧQKKѭӣQJÿӃQJLiWUӏEҩWÿӝQJVҧQF{QJQJKLӋSӣNKXYӵFSKtD1DP9LӋW 1DPWUrQNKtDFҥQKFKҩWOѭӧQJFKLSKtYӏWKӃNKiFKTXDQYjPӝWYjLNKtDFҥQKNKiF7LӃQ KjQKNLӇPÿӏQKWUӏWUXQJEuQKÿӇÿiQKJLiFiF\ӃXWӕQjRҧQKKѭӣQJVDXÿyNLӇPÿӏQKWKDQJ ÿRÿѭӧFWLӃQKjQKÿӇÿiQKJLiVӵSKKӧSFӫDWKDQJÿR3KkQWtFKQKkQWӕOjEѭӟFFXӕLFQJ ӣJLDLÿRҥQÿӇU~WJӑQFiF\ӃXWӕYjWuPUDFiFQKkQWӕFKtQKҧQKKѭӣQJFNJQJQKѭFiF\ӃX WӕҭQVDXFiFQKkQWӕFKtQKÿyӢJLDLÿRҥQWӯFKtQQKkQWӕÿmÿѭӧF[iFQKұQӣJLDLÿRҥQ PӝWWLӃQKjQKWKXWKұSGӳOLӋXFӫDViXPѭѫLEӕQQKj[ѭӣQJӣ7S+ӗ&Kt0LQKYjFiFNKX YӵFOkQFұQSKtD1DP0ӝW0+ѭӟFOѭӧQJGӵDWUrQ0+KӗLTX\2/6ÿmÿѭӧFÿѭDUDÿӇѭӟF OѭӧQJJLiWUӏFӫDEҩWÿӝQJVҧQWӯFKtQ\ӃXWӕÿm[iFÿӏQK6DXQKLӅXOҫQWKӱYjWLӃQKjQKKLӋX FKӍQK0+FQJÿyORҥLFiFJLҧWKX\ӃWEDQÿҫXNK{QJFyêQJKƭDWKӕQJNrÿѭӧFNLӇPQJKLӋP YjORҥLNKӓL0+0+KӗLTX\FXӕLFQJYӟLFiFWUӑQJVәFӫDFiFJLҧTX\ӃWÿӅXFyêQJKƭD WKӕQJNrÿѭӧFWKLӃWOұS .ӃWTXҧSKkQWtFKFiFQKkQWӕӣJLDLÿRҥQÿmEӝFOӝÿѭӧFQKLӅXNKtDFҥQKWLӅPҭQErQWURQJ WKӵFVӵҧQKKѭӣQJÿӃQJLiWUӏEҩWÿӝQJVҧQF{QJQJKLӋSӣNKXYӵFSKtD1DP1JKLrQFӭX FNJQJÿmÿҥWÿѭӧFPӝW0+ѭӟFOѭӡQJWӯFiF\ӃXWӕҧQKKѭӣQJYjFiFKӋVӕѭӟFOѭӧQJÿӅXFy êQJKƭDWKӕQJNr7ӯÿyQJKLrQFӭXÿmѭӟFOѭӧQJÿѭӧFJLiWUӏEҩWÿӝQJVҧQF{QJQJKLӋSӣ SKtD1DP 9ӟLNӃWTXҧÿҥWÿѭӧFFӫDQJKLrQFӭXVӁJL~SFKRFiFQKjÿҫXWѭFyFiLQKuQWRjQGLӋQEDR TXiWKѫQYӅFiF\ӃXWӕҧQKKѭӣQJÿӃQJLiWUӏEҩWÿӝQJVҧQF{QJQJKLӋSӣSKtD1DP9LӋW1DP 7ӯNKyDEҩWÿӝQJVҧQF{QJQJKLӋS\ӃXWӕҧQKKѭӣQJSKkQWtFKQKkQWӕ0+KӗLTX\2/6 2/6   LLL  $%675$&7 Foreign corporations have once again poured money into industrial real estate in Vietnam, adding to the country's strong industrial development. However, given the current robust growth, there are numerous possible concerns, therefore lowering the risks for investors and identifying the elements that have the greatest impact on the value of industrial real estate are critical tasks. Even though there has been a lot of past research on aspects of residential real estate, there has not been much research on industrial real estate. The research was carried out in two stages: Phase 1 requires twenty-five (25) factors to analyze the effect on the value of the industrial real estate in Vietnam's southern region in five aspects: quality, cost, location, objectivity, and a few others. The average value test is used to determine which elements have an impact, and then the scale test is used to determine the scale's applicability. The final phase in phase 1 is factor analysis, which is used to narrow down the elements and identify the most important influencing factors as well as the hidden components that lie beneath those primary factors. In phase 2, data was collected on sixtyfour factories in Ho Chi Minh City and the neighboring southern districts based on the nine criteria discovered in phase one. An estimation model based on the OLS regression model has been proposed to estimate the value of real estate from nine identified factors. After numerous attempts at model calibration and the testing with a few preliminary assumptions, they were found to be statistically insignificant and were removed from the model. The final regression model was statistically significant when all of the assumptions were weighted. Further analysis of the factors in Phase 1 reveals a significant amount of potential within that has an impact on the industrial assets in the South. The research also achieved an estimate based on the affecting factors, and the amounts of the estimate are all statistically significant. Since then, research has been conducted to determine the value of industrial estate in Vietnam's southern region. The findings of the research will provide investors with a more thorough understanding of the affecting factors the value of industrial real estate in the South of Vietnam. Key words: industrial real estate, factors affecting, factor analysis, OLS regression model (OLS)    LY   /Ӡ,&$0Ĉ2$1 7{L[LQFDPÿRDQ/XұQYăQWKҥFVƭQj\KRjQWRjQGRW{LWӵWKӵFKLӋQGѭӟLVӵKѭӟQJGүQFӫD 761JX\ӉQ$QK7KѭYj76ĈһQJ7Kӏ7UDQJ7{L[LQFDPÿRDQFiFWK{QJWLQWURQJOXұQYăQ ÿѭӧFWUtFKGүQQJXӗQJӕFU}UjQJFiFVӕOLӋXYjNӃWTXҧQJKLrQFӭXWURQJOXұQYăQQj\OjKRjQ WRjQWUXQJWKӵFYjFKѭDÿѭӧFF{QJEӕӣEҩWNǤQJKLrQFӭXQjRNKiF7{L[LQFKӏXWUiFKQKLӋP KRjQWRjQYӅQJKLrQFӭXFӫDPuQK  7S+&0QJj\WKiQJQăP              Y  7UҫQ'X\.KiQK /97K6   *9+'761JX\ӉQ$QK7Kѭ 0Ө&/Ө& 0Ө&/Ө&YL '$1+0Ө&%Ҧ1*%,ӆ8YLLL '$1+0Ө&+Î1+Ҧ1+[ '$1+0Ө&7Ӯ9,ӂ77Ҳ7[L &+ѬѪ1* 7Ә1*48$19ӄĈӄ7¬,  *LӟLWKLӋXFKXQJ  ;iFÿӏQKFiFYҩQÿӅYjPөFWLrX  &iFYҩQÿӅ  0өFWLrX  3KҥPYL  ĈyQJJyS  9ӅPһWKӑFWKXұW  9ӅPһWWKӵFWLӉQ  &ҩXWU~FFӫDÿӅWjL  4X\WUuQKWKӵFKLӋQ &+ѬѪ1* &Ѫ6Ӣ/é7+8<ӂ7  1ӝLGXQJFKtQK  /êWKX\ӃWYӅ%Ĉ6&1  .KiLQLӋPYӅ%Ĉ6&1  &iFWKXӝFWtQKFӫD%Ĉ6&1  &iFSKѭѫQJSKiSWKҭPÿӏQKJLi%Ĉ6  .KiLQLӋPYӅWKҭPÿӏQKJLi%Ĉ6  &iFSKѭѫQJSKiSWKҭPÿӏQKJLi%Ĉ6  &iF<7$+ÿӃQJLiWUӏ%Ĉ6  0++4+HGRQLF  /ӏFKVӱDEDQÿҫX  0+ÿӏQKJLi+HGRQLF  &iF1&WKӵFQJKLӋP  .ӃWOXұQ &+ѬѪ1* 3+ѬѪ1*3+È31*+,Ç1&Ӭ8  6ѫÿӗ1&YjJLӟLWKLӋXEҧQJFkXKӓL  6ѫÿӗ1&  *LӟLWKLӋXEҧQJFkXKӓL  7KXWKұSGӳOLӋX  3KѭѫQJSKiSWKXWKұSGӳOLӋX  4X\WUuQKWKXWKұSGӳOLӋX  &iFWKӭFNKҧRViWEҧQJFkXKӓL  ĈӕLWѭӧQJNKҧRViW  .tFKFӥPүX  &iFKWKӭFGX\ӋWGӳOLӋX  3KѭѫQJSKiSYjF{QJFө[ӱOêVӕOLӋX  .LӇPÿӏQKWUӏWUXQJEuQK  +6&URQEDFK¶V$OSKD  4XҧQOê[k\GӵQJ YL +97+7UҫQ'X\.KiQK /97K6   *9+'761JX\ӉQ$QK7Kѭ  3KѭѫQJSKiSSKkQWtFKQKkQWӕ3&$  3KkQWtFKKӗLTX\ÿDELӃQ  .ӃWTXҧSKӓQJYҩQFKX\rQJLD  .ӃWOXұQ &+ѬѪ1* ;È&Ĉӎ1+&È&<ӂ87ӔҦ1++ѬӢ1*  4X\WUuQK1&  0{WҧÿһFÿLӇPFӫDGӳOLӋX  7UuQKÿӝFKX\rQP{Q  &KӭFGDQKYDLWUz  6ӕQăPNLQKQJKLӋPOjPYLӋF  ĈѫQYӏF{QJWiF  6ӕQăPNLQKQJKLӋPFӫDGRDQKQJKLӋSWURQJOƭQKYӵFQKj[ѭӣQJ  *LiWUӏ%Ĉ6&1OӟQQKҩWWӯQJWKDPJLD  /RҥLGӵiQQKj[ѭӣQJF{QJQJKLӋSWӯQJWKDPJLDFyJLiWUӏOӟQQKҩW  7KӕQJNrP{WҧGӳOLӋX  .LӇPÿӏQKWUӏWUXQJEuQK  .LӇPÿӏQKÿӝWLQFk\FӫDWKDQJÿRWK{QJTXD+6ÿӝWLQFұ\&URQEDFK¶V$OSKD  3KkQWtFKQKkQWӕ3&$  .ӃWTXҧSKkQWtFKQKkQWӕ3&$  7KҧROXұQNӃWTXҧSKkQWtFKQKkQWӕ3&$  .ӃWOXұQ &+ѬѪ1* ;Æ<'Ӵ1*0++Ӗ,48<  4X\WUuQK1&  4X\WUuQKWKXWKұSVӕOLӋX  ĈӏQKQJKƭDFiFELӃQ  %LӃQSKөWKXӝF  %LӃQÿӝFOұS  7KӕQJNrP{Wҧ  3KkQWtFKKӗLTX\  .ӃWTXҧSKkQWtFKKӗLTX\  .LӇPÿӏQK+6'XUELQ±:DWVRQ  ĈiQKJLiÿӝSKKӧSFӫD0++4ÿDELӃQ  .LӇPÿӏQKJLҧWKX\ӃWYӅÿӝSKKӧSYӟLWәQJWKӇFӫD0++4ÿDELӃQ  .LӇPWUDJLҧÿӏQKYӅKLӋQWѭӧQJÿDFӝQJWX\ӃQ  9ұQGөQJ0+YjRYLӋFÿӏQKJLi%Ĉ6&1 &+ѬѪ1* .ӂ7/8Ұ19¬.,ӂ11*+ӎ  .ӃWOXұQ  .LӃQQJKӏ '$1+0Ө&&Ð1*75Î1+Ĉ­&Ð1*%Ӕ 7¬,/,ӊ87+$0.+Ҧ2 3+Ө/Ө& /é/ӎ&+75Ë&+1*$1*&+8<Ç1*,$ /é/ӎ&+75Ë&+1*$1*&+8<Ç1*,$ /é/ӎ&+75Ë&+1*$1*7È&*,Ҧ   4XҧQOê[k\GӵQJ YLL +97+7UҫQ'X\.KiQK /97K6   *9+'761JX\ӉQ$QK7Kѭ '$1+0Ө&%Ҧ1*%,ӆ8 %ҧQJ%ҧQJWәQJKӧSFiFELӃQ$+JLiWUӏ%Ĉ6FӫDFiF1&WUѭӟFÿk\ %ҧQJ%ҧQJWәQJKӧSFiF\rXWӕ$+ÿӃQJLiWUӏ%Ĉ6&1VDXNKL[HP[pWFKӍQKVӱDWӯFiF 1&WUѭӟF %ҧQJ%ҧQJWәQJKӧSêNLӃQFKX\rQJLD %ҧQJ%ҧQJWәQJKӧSFiF<7ҧQKKѭӣQJ %ҧQJ%ҧQJWKӕQJNrP{WҧFiF<7$+ÿӃQJLiWUӏ%Ĉ6&1ӣNKXYӵFSKtD1DP %ҧQJ%ҧQJJLiWUӏWUXQJEuQKFӫDPӭFÿӝҧQKKѭӣQJ %ҧQJ%ҧQJNӃWTXҧNLӇPÿӏQKWUӏWUXQJEuQK %ҧQJ.ӃWTXҧNLӇPÿӏQK&URQEDFK¶V$OSKD %ҧQJ.ӃWTXҧWѭѫQJTXDQELӃQWәQJFӫDFiFELӃQÿӝFOұS %ҧQJ.ӃWTXҧSKkQWtFKQKkQWӕ %ҧQJ%ҧQJWKӕQJNrWӕFÿӝWăQJWUѭӣQJ*'3WӯQJQăPWӯQăPÿӃQQăP %ҧQJ%ҧQJJLiWKXrÿҩW.&1ӣFiFWӍQKWKjQK9,ӋW1DPQăP %ҧQJ%ҧQJWUDPұWÿӝ[k\GӵQJ+6VӱGөQJÿҩWYӟLQKjPi\ %ҧQJ%ҧQJWәQJKӧSFiFELӃQ %ҧQJ%ҧQJWKӕQJNrP{WҧFiFVӕOLӋXGQJSKkQWtFKKӗLTX\ %ҧQJéQJKƭDFӫDFiFELӃQWURQJ0++4 %ҧQJ%'/ÿѭӧFYұQGөQJYjR0++4ÿѭӧFOҩ\WӯEӝGӳOLӋXPүX %ҧQJ%'/NK{QJÿѭӧFOҩ\WӯOҩ\WӯEӝGӳOLӋXPүX %ҧQJ%'/ÿѭDYjR0++4NK{QJÿѭӧFOҩ\WӯOҩ\WӯEӝGӳOLӋXPүX %ҧQJ%'/Oҩ\WӯGӵiQӣ7KiL1JX\rQ %ҧQJ%'/ÿѭDYjR0++4Oҩ\WӯGӵiQӣ7KiL1JX\rQ 3KөOөF%ҧQJFkXKӓLNKҧRViW 3KөOөF.ӃWTXҧSKkQWtFKWUӏWUXQJEuQKWWHVW 3KөOөF+6&URQEDFK¶V$OSKD/ҫQ 3KөOөF%ҧQJ+6WѭѫQJTXDQELӃQWәQJ/ҫQ 3KөOөF+6&URQEDFK¶V$OSKD/ҫQ 3KөOөF%ҧQJ+6WѭѫQJTXDQELӃQWәQJ/ҫQ 3KөOөF+6&URQEDFK¶V$OSKD/ҫQ 3KөOөF%ҧQJ+6WѭѫQJTXDQELӃQWәQJ/ҫQ 3KөOөF+6&URQEDFK¶V$OSKD/ҫQ 3KөOөF%ҧQJ+6WѭѫQJTXDQELӃQWәQJ/ҫQ 3KөOөF+6&URQEDFK¶V$OSKD/ҫQ 3KөOөF%ҧQJ+6WѭѫQJTXDQELӃQWәQJ/ҫQ 3KөOөF+6&URQEDFK¶V$OSKD/ҫQ 3KөOөF%ҧQJ+6WѭѫQJTXDQELӃQWәQJ/ҫQ 3KөOөF+6&URQEDFK¶V$OSKD/ҫQ 3KөOөF%ҧQJ+6WѭѫQJTXDQELӃQWәQJ/ҫQ 3KөOөF+6&URQEDFK¶V$OSKD/ҫQ 3KөOөF%ҧQJ+6WѭѫQJTXDQELӃQWәQJ/ҫQ  4XҧQOê[k\GӵQJ YLLL +97+7UҫQ'X\.KiQK /97K6   *9+'761JX\ӉQ$QK7Kѭ 3KөOөF+6&URQEDFK¶V$OSKD/ҫQ 3KөOөF%ҧQJ+6WѭѫQJTXDQELӃQWәQJ/ҫQ 3KөOөF+6&URQEDFK¶V$OSKD/ҫQ 3KөOөF%ҧQJ+6WѭѫQJTXDQELӃQWәQJ/ҫQ 3KөOөF+6&URQEDFK¶V$OSKD/ҫQ 3KөOөF%ҧQJ+6WѭѫQJTXDQELӃQWәQJ/ҫQ 3KөOөF+6&URQEDFK¶V$OSKD/ҫQ 3KөOөF%ҧQJ+6WѭѫQJTXDQELӃQWәQJ/ҫQ 3KөOөF+6&URQEDFK¶V$OSKD/ҫQ 3KөOөF%ҧQJ+6WѭѫQJTXDQFӫDELӃQWәQJ/ҫQ 3KөOөF+6&URQEDFK¶V$OSKD/ҫQ 3KөOөF%ҧQJ+6WѭѫQJTXDQFӫDELӃQWәQJ/ҫQ 3KөOөF+6&URQEDFK¶V$OSKD/ҫQ 3KөOөF%ҧQJ+6WѭѫQJTXDQELӃQWәQJ/ҫQ 3KөOөF.ӃWTXҧ.02DQG%DUWOHWW¶V7HVW3&$/ҫQ 3KөOөF.ӃWTXҧWәQJSKѭѫQJVDLWUtFK3&$/ҫQ 3KөOөFĈӗWKӏ6FUHH3ORW3&$/ҫQ 3KөOөF0DWUұQ[RD\QKkQWӕ/ҫQ 3KөOөF.ӃWTXҧ.02DQG%DUWOHWW¶V7HVW3&$/ҫQ 3KөOөF.ӃWTXҧWәQJSKѭѫQJVDLWUtFK3&$/ҫQ 3KөOөFĈӗWKӏ6FUHH3ORW3&$/ҫQ 3KөOөF0DWUұQ[RD\QKkQWӕ/ҫQ 3KөOөF.ӃWTXҧ.02DQG%DUWOHWW¶V7HVW3&$/ҫQ 3KөOөF.ӃWTXҧWәQJSKѭѫQJVDLWUtFK3&$/ҫQ 3KөOөFĈӗWKӏ6FUHH3ORW3&$/ҫQ 3KөOөF0DWUұQ[RD\QKkQWӕ/ҫQ 3KөOөF%ҧQJWәQJKӧSEӝGӳOLӋXFӫD%Ĉ6NKXYӵF3KtD1DP 3KөOөF.ӃWTXҧSKkQWtFKKӗLTX\/ҫQ 3KөOөF.ӃWTXҧSKkQWtFKKӗLTX\/ҫQ   4XҧQOê[k\GӵQJ L[ +97+7UҫQ'X\.KiQK /97K6   *9+'761JX\ӉQ$QK7Kѭ '$1+0Ө&+Î1+Ҧ1+ +uQK9ӕQ)',9LӋW1DPYjFKLSKtORJLVWLFVRYӟL*'3WKHRWDSFKLWDLFKLQKYQ +uQK&ҩXWU~FOXұQYăQ +uQK4X\WUuQKWKӵFKLӋQ1& +uQK1ӝLGXQJFKtQKFKѭѫQJ +uQK6ѫÿӗ1& +uQK4X\WUuQK[iFÿӏQKFiF<7$+ +uQK6ӕOѭӧQJYjWӹOӋYӅWUuQKÿӝFKX\rQP{Q +uQK6ӕOѭӧQJYjWӹOӋYӅFKӭFGDQKYDLWUz +uQK6ӕOѭӧQJYjWӹOӋYӅVӕQăPNLQKQJKLӋP +uQK6ӕOѭӧQJYjWӹOӋYӅQѫLF{QJWiF +uQK6ӕOѭӧQJYjWӹOӋYӅQăPKRҥWÿӝQJFӫDGRDQKQJKLӋS +uQK6ӕOѭӧQJYjWӹOӋYӅJLiWUӏ%Ĉ6OӟQQKҩWÿmWKDPJLD +uQK6ӕOѭӧQJYjWӹOӋYӅORҥLGӵiQÿmWKDPJLD +uQK4X\WUuQK[k\GӵQJ0++4 +uQK6ѫÿӗ0++4ѭӟFOѭӧQJJLiWUӏ%Ĉ6&1 +uQK.KRҧQJJLiWUӏ'XUELQ±:DWVRQ  4XҧQOê[k\GӵQJ [ +97+7UҫQ'X\.KiQK /97K6   *9+'761JX\ӉQ$QK7Kѭ '$1+0Ө&7Ӯ9,ӂ77Ҳ7 7Ӯ9,ӂ77Ҳ7 1Ӝ,'81* <7 <ӃXWӕ $+ ҦQKKѭӣQJ %'/ %ҧQJGӳOLӋX %Ĉ6 %ҩWÿӝQJVҧQ %Ĉ6&1 %ҩWÿӝQJVҧQF{QJQJKLӋS 1& 1JKLrQFӭX .&1 .KXF{QJQJKLӋS 0+ 0{KuQK 0++4 0{KuQKKӗLTX\ +&0 +ӗ&Kt0LQK +6 +ӋVӕ   4XҧQOê[k\GӵQJ  [L +97+7UҫQ'X\.KiQK /97K6   *9+'761JX\ӉQ$QK7Kѭ &+ѬѪ1*7Ә1*48$19ӄĈӄ7¬,  *LӟLWKLӋXFKXQJ 6DXQăP9LӋW1DPWUҧLTXDOjQVyQJÿҫXWѭYjR%Ĉ6&1OҫQWKӭQKҩWOjYjRQăP OjQVyQJNӃWLӃSOjQăPYjJҫQQKҩWOjÿѭӧF[HPOjFKXNǤPӟLVDXQăPYjSKiW WULӇQPҥQKPӁQKҩW7KHRWӯQJFKXNǤWKuOjQVyQJÿҫXWѭVӁWăQJFDRKѫQPҥQKPӁKѫQQKѭ QăPVӁPҥQKPӁKѫQQăP7X\QKLrQQăPOҥLOjQăPÿһFELӋWOjQVyQJPӟL KѫQWăQJWUѭӣQJQKLӅXKѫQWӯFiFÿӗWKӏFKRWKҩWFiFJLiWUӏÿӅXOLrQWөFÿLOrQ7UrQWKӵFWӃOjQ VyQJWKӭEDWKұWFKҩWFyÿӝQJWƭQKWӯQăPWUӣOҥLÿk\QKѭQJSKҧLÿӃQQăPPӟLSKiWWULӇQ PҥQKPӁQKѭYұ\&yQJѭӡLOҥLQyLNKRҧQJWKӡLJLDQWUѭӟFOjGRÿӝWWӯ7UXQJ±0ӻWKӃQKѭQJ GRWiFÿӝQJ&RYLGFNJQJQKѭFKtQKViFKFӫDQKjQѭӟFJySSKҫQWK~Fÿҭ\GӏFKFKX\ӇQPҥQK PӁÿӃQQKѭWKӃĈuQK6ѫQ). 7KHR6DYLOOV9LӋW1DPÿDQJFyWәQJGLӋQWtFKFiF.&1KDYӟL.&1&өWKӇ YӟLJҫQKD.&1KRҥWÿӝQJ.&1WӹOӋOҳSÿҫ\GLӋQWtFK.&1ÿDQJYj FKXҭQEӏ[k\GӵQJOjKD.&10һWNKiFFzQFyKDYӟLÿһFNKXNLQKWӃ GX\rQKҧL/jQVyQJGӏFKFKX\ӇQVҧQ[XҩWQKѭOj+j1DP[ѭӣQJVҧQ[XҩWWKLӃWEӏWUrQ[HFyÿӝQJ ÿѭӧF - Xem thêm -