{"id":34666,"date":"2026-07-21T08:11:16","date_gmt":"2026-07-21T01:11:16","guid":{"rendered":"https:\/\/edutrade.vn\/?p=34666"},"modified":"2026-07-21T08:11:16","modified_gmt":"2026-07-21T01:11:16","slug":"jeff-currie-nguon-cung-dau-doi-dao","status":"publish","type":"post","link":"https:\/\/edutrade.vn\/en\/jeff-currie-nguon-cung-dau-doi-dao\/","title":{"rendered":"Jeff Currie: \u1ea2o t\u01b0\u1edfng v\u1ec1 ngu\u1ed3n cung d\u1ea7u d\u1ed3i d\u00e0o \u0111\u00e3 ch\u1ea5m d\u1ee9t"},"content":{"rendered":"

Ni\u1ec1m tin r\u1eb1ng th\u1ecb tr\u01b0\u1eddng d\u1ea7u m\u1ecf to\u00e0n c\u1ea7u lu\u00f4n \u0111\u01b0\u1ee3c \u201cb\u1ea3o \u0111\u1ea3m\u201d b\u1edfi ngu\u1ed3n cung d\u1ed3i d\u00e0o \u0111ang d\u1ea7n b\u1ecb th\u1eed th\u00e1ch. Nh\u1eefng \u0111\u00e1nh gi\u00e1 g\u1ea7n \u0111\u00e2y t\u1eeb gi\u1edbi ph\u00e2n t\u00edch cho th\u1ea5y b\u1ee9c tranh cung – c\u1ea7u c\u1ee7a d\u1ea7u th\u00f4 kh\u00f4ng c\u00f2n \u0111\u01a1n gi\u1ea3n nh\u01b0 giai \u0111o\u1ea1n tr\u01b0\u1edbc, khi s\u1ea3n l\u01b0\u1ee3ng t\u0103ng m\u1ea1nh \u1edf m\u1ed9t s\u1ed1 khu v\u1ef1c \u0111\u1ee7 \u0111\u1ec3 xoa d\u1ecbu lo ng\u1ea1i thi\u1ebfu h\u1ee5t. Theo g\u00f3c nh\u00ecn n\u00e0y, \u1ea3o t\u01b0\u1edfng v\u1ec1 m\u1ed9t ngu\u1ed3n cung d\u01b0 th\u1eeba b\u1ec1n v\u1eefng \u0111\u00e3 ch\u1ea5m d\u1ee9t, v\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0 bu\u1ed9c ph\u1ea3i nh\u00ecn th\u1ecb tr\u01b0\u1eddng h\u00e0ng h\u00f3a n\u0103ng l\u01b0\u1ee3ng theo c\u00e1ch th\u1eadn tr\u1ecdng h\u01a1n.<\/p>\n

Trong b\u1ed1i c\u1ea3nh \u0111\u00f3, nh\u1eadn \u0111\u1ecbnh c\u1ee7a Jeff Currie – m\u1ed9t trong nh\u1eefng t\u00ean tu\u1ed5i c\u00f3 \u1ea3nh h\u01b0\u1edfng trong gi\u1edbi ph\u00e2n t\u00edch h\u00e0ng h\u00f3a – \u0111ang thu h\u00fat s\u1ef1 ch\u00fa \u00fd c\u1ee7a th\u1ecb tr\u01b0\u1eddng. Th\u00f4ng \u0111i\u1ec7p ch\u00ednh kh\u00f4ng n\u1eb1m \u1edf vi\u1ec7c gi\u00e1 d\u1ea7u s\u1ebd t\u0103ng hay gi\u1ea3m ngay l\u1eadp t\u1ee9c, m\u00e0 \u1edf ch\u1ed7 c\u00e1n c\u00e2n cung c\u1ea7u \u0111ang tr\u1edf n\u00ean mong manh h\u01a1n nhi\u1ec1u so v\u1edbi k\u1ef3 v\u1ecdng tr\u01b0\u1edbc \u0111\u00e2y. Khi ngu\u1ed3n cung kh\u00f4ng c\u00f2n \u201cd\u1ec5 th\u1edf\u201d nh\u01b0 tr\u01b0\u1edbc, m\u1ecdi bi\u1ebfn \u0111\u1ed9ng t\u1eeb \u0111\u1ecba ch\u00ednh tr\u1ecb, ch\u00ednh s\u00e1ch khai th\u00e1c hay nhu c\u1ea7u ti\u00eau th\u1ee5 \u0111\u1ec1u c\u00f3 th\u1ec3 t\u1ea1o ra t\u00e1c \u0111\u1ed9ng r\u00f5 r\u1ec7t h\u01a1n l\u00ean gi\u00e1 c\u1ea3.<\/p>\n

\u1ea2o t\u01b0\u1edfng v\u1ec1 ngu\u1ed3n cung d\u1ea7u d\u1ed3i d\u00e0o \u0111ang phai nh\u1ea1t<\/h2>\n

\"Illustration<\/p>\n

Jeff Currie cho r\u1eb1ng th\u1ecb tr\u01b0\u1eddng \u0111ang b\u01b0\u1edbc v\u00e0o giai \u0111o\u1ea1n m\u00e0 gi\u1ea3 \u0111\u1ecbnh v\u1ec1 d\u1ea7u th\u00f4 d\u01b0 cung kh\u00f4ng c\u00f2n \u0111\u1ee7 s\u1ee9c thuy\u1ebft ph\u1ee5c. \u0110i\u1ec1u n\u00e0y ph\u1ea3n \u00e1nh th\u1ef1c t\u1ebf r\u1eb1ng s\u1ea3n l\u01b0\u1ee3ng t\u1eeb m\u1ed9t s\u1ed1 ngu\u1ed3n b\u1ed5 sung kh\u00f4ng th\u1ec3 m\u00e3i b\u00f9 \u0111\u1eafp cho nhu c\u1ea7u to\u00e0n c\u1ea7u, nh\u1ea5t l\u00e0 khi th\u1ecb tr\u01b0\u1eddng c\u00f2n ch\u1ecbu \u1ea3nh h\u01b0\u1edfng b\u1edfi c\u00e1c quy\u1ebft \u0111\u1ecbnh c\u1eaft gi\u1ea3m s\u1ea3n l\u01b0\u1ee3ng, k\u1ef7 lu\u1eadt khai th\u00e1c v\u00e0 s\u1ef1 thay \u0111\u1ed5i trong d\u00f2ng ch\u1ea3y th\u01b0\u01a1ng m\u1ea1i n\u0103ng l\u01b0\u1ee3ng.<\/p>\n

V\u00ec sao quan \u0111i\u1ec3m n\u00e0y xu\u1ea5t hi\u1ec7n?<\/h3>\n

C\u00f3 nhi\u1ec1u y\u1ebfu t\u1ed1 khi\u1ebfn b\u1ee9c tranh ngu\u1ed3n cung d\u1ea7u tr\u1edf n\u00ean ch\u1eb7t h\u01a1n. Tr\u01b0\u1edbc h\u1ebft, s\u1ea3n l\u01b0\u1ee3ng d\u1ea7u kh\u00f4ng ch\u1ec9 ph\u1ee5 thu\u1ed9c v\u00e0o n\u0103ng l\u1ef1c khai th\u00e1c k\u1ef9 thu\u1eadt m\u00e0 c\u00f2n ch\u1ecbu t\u00e1c \u0111\u1ed9ng t\u1eeb quy\u1ebft \u0111\u1ecbnh c\u1ee7a c\u00e1c n\u01b0\u1edbc s\u1ea3n xu\u1ea5t l\u1edbn, \u0111\u1eb7c bi\u1ec7t l\u00e0 nh\u1eefng qu\u1ed1c gia c\u00f3 vai tr\u00f2 trong OPEC+ v\u00e0 c\u00e1c nh\u00e0 khai th\u00e1c ch\u1ee7 ch\u1ed1t kh\u00e1c. Khi c\u00e1c b\u00ean \u01b0u ti\u00ean qu\u1ea3n l\u00fd s\u1ea3n l\u01b0\u1ee3ng \u0111\u1ec3 b\u1ea3o v\u1ec7 gi\u00e1, l\u01b0\u1ee3ng d\u1ea7u ra th\u1ecb tr\u01b0\u1eddng c\u00f3 th\u1ec3 kh\u00f4ng t\u0103ng t\u01b0\u01a1ng \u1ee9ng v\u1edbi nhu c\u1ea7u.<\/p>\n

B\u00ean c\u1ea1nh \u0111\u00f3, th\u1ecb tr\u01b0\u1eddng h\u00e0ng h\u00f3a n\u0103ng l\u01b0\u1ee3ng c\u00f2n ph\u1ea3i t\u00ednh \u0111\u1ebfn nh\u1eefng y\u1ebfu t\u1ed1 ngo\u00e0i kinh t\u1ebf thu\u1ea7n t\u00fay nh\u01b0 b\u1ea5t \u1ed5n \u0111\u1ecba ch\u00ednh tr\u1ecb, gi\u00e1n \u0111o\u1ea1n v\u1eadn chuy\u1ec3n, h\u1ea1n ch\u1ebf \u0111\u1ea7u t\u01b0 th\u0103m d\u00f2 – khai th\u00e1c v\u00e0 t\u1ed1c \u0111\u1ed9 thay \u0111\u1ed5i c\u1ee7a ti\u00eau th\u1ee5 n\u0103ng l\u01b0\u1ee3ng tr\u00ean to\u00e0n c\u1ea7u. Nh\u1eefng y\u1ebfu t\u1ed1 n\u00e0y khi\u1ebfn ngu\u1ed3n cung kh\u00f4ng c\u00f2n mang t\u00ednh \u201c\u0111\u1ec7m an to\u00e0n\u201d nh\u01b0 m\u1ed9t s\u1ed1 nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1eebng k\u1ef3 v\u1ecdng. Theo d\u1eef li\u1ec7u th\u1ecb tr\u01b0\u1eddng \u0111\u01b0\u1ee3c t\u1ed5ng h\u1ee3p b\u1edfi OilPrice<\/a>, \u0111\u00e2y c\u0169ng l\u00e0 l\u00fd do khi\u1ebfn nhi\u1ec1u nh\u00e0 quan s\u00e1t \u0111\u00e1nh gi\u00e1 r\u1ee7i ro thi\u1ebfu h\u1ee5t \u0111ang \u0111\u01b0\u1ee3c \u0111\u1ecbnh gi\u00e1 l\u1ea1i.<\/p>\n

B\u1eb1ng ch\u1ee9ng ch\u00ednh n\u1eb1m \u1edf \u0111\u00e2u?<\/h3>\n

D\u00f9 kh\u00f4ng c\u00f3 m\u1ed9t con s\u1ed1 \u0111\u01a1n l\u1ebb n\u00e0o \u0111\u1ee7 \u0111\u1ec3 k\u1ebft lu\u1eadn th\u1ecb tr\u01b0\u1eddng \u0111ang thi\u1ebfu cung ngay l\u1eadp t\u1ee9c, nh\u01b0ng c\u00e1c t\u00edn hi\u1ec7u t\u1ed5ng h\u1ee3p t\u1eeb cung \u1ee9ng, t\u1ed3n kho v\u00e0 h\u00e0nh vi gi\u00e1 cho th\u1ea5y tr\u1ea1ng th\u00e1i c\u00e2n b\u1eb1ng \u0111ang mong manh h\u01a1n. Khi t\u1ed3n kho kh\u00f4ng c\u00f2n \u0111\u00f3ng vai tr\u00f2 h\u1ea5p th\u1ee5 bi\u1ebfn \u0111\u1ed9ng nh\u01b0 tr\u01b0\u1edbc, th\u1ecb tr\u01b0\u1eddng d\u1ea7u m\u1ecf d\u1ec5 ph\u1ea3n \u1ee9ng m\u1ea1nh v\u1edbi nh\u1eefng th\u00f4ng tin m\u1edbi v\u1ec1 s\u1ea3n l\u01b0\u1ee3ng, xu\u1ea5t kh\u1ea9u ho\u1eb7c nhu c\u1ea7u ti\u00eau th\u1ee5.<\/p>\n

\u0110i\u1ec3m \u0111\u00e1ng ch\u00fa \u00fd l\u00e0 th\u1ecb tr\u01b0\u1eddng kh\u00f4ng ch\u1ec9 nh\u00ecn v\u00e0o m\u1ee9c cung hi\u1ec7n t\u1ea1i, m\u00e0 c\u00f2n \u0111\u00e1nh gi\u00e1 kh\u1ea3 n\u0103ng duy tr\u00ec ngu\u1ed3n cung trong trung h\u1ea1n. N\u1ebfu \u0111\u1ea7u t\u01b0 v\u00e0o khai th\u00e1c kh\u00f4ng \u0111\u1ee7 m\u1ea1nh, ho\u1eb7c s\u1ea3n l\u01b0\u1ee3ng t\u1ea1i c\u00e1c khu v\u1ef1c tr\u1ecdng \u0111i\u1ec3m kh\u00f4ng t\u0103ng nh\u01b0 k\u1ef3 v\u1ecdng, m\u1ed1i lo thi\u1ebfu h\u1ee5t c\u00f3 th\u1ec3 quay tr\u1edf l\u1ea1i nhanh h\u01a1n d\u1ef1 b\u00e1o c\u1ee7a nhi\u1ec1u nh\u00e0 \u0111\u1ea7u t\u01b0.<\/p>\n

T\u00e1c \u0111\u1ed9ng \u0111\u1ebfn gi\u00e1 d\u1ea7u v\u00e0 t\u00e2m l\u00fd th\u1ecb tr\u01b0\u1eddng<\/h2>\n

\"Additional<\/p>\n

Khi ngu\u1ed3n cung kh\u00f4ng c\u00f2n \u0111\u01b0\u1ee3c xem l\u00e0 d\u01b0 d\u1ea3, gi\u00e1 d\u1ea7u th\u01b0\u1eddng nh\u1ea1y c\u1ea3m h\u01a1n v\u1edbi t\u1eebng t\u00edn hi\u1ec7u m\u1edbi t\u1eeb th\u1ecb tr\u01b0\u1eddng. \u0110i\u1ec1u n\u00e0y kh\u00f4ng c\u00f3 ngh\u0129a gi\u00e1 s\u1ebd t\u0103ng li\u00ean t\u1ee5c, nh\u01b0ng \u0111\u1ed9 bi\u1ebfn \u0111\u1ed9ng c\u00f3 th\u1ec3 l\u1edbn h\u01a1n do gi\u1edbi giao d\u1ecbch ph\u1ea3i \u0111\u1ecbnh gi\u00e1 l\u1ea1i r\u1ee7i ro thi\u1ebfu cung trong t\u01b0\u01a1ng lai.<\/p>\n

T\u00e2m l\u00fd nh\u00e0 \u0111\u1ea7u t\u01b0 tr\u1edf n\u00ean th\u1eadn tr\u1ecdng h\u01a1n<\/h3>\n

V\u1edbi th\u1ecb tr\u01b0\u1eddng h\u00e0ng h\u00f3a, t\u00e2m l\u00fd th\u01b0\u1eddng chuy\u1ec3n r\u1ea5t nhanh t\u1eeb tr\u1ea1ng th\u00e1i y\u00ean t\u00e2m sang lo ng\u1ea1i khi c\u00e1c gi\u1ea3 \u0111\u1ecbnh c\u01a1 b\u1ea3n thay \u0111\u1ed5i. N\u1ebfu tr\u01b0\u1edbc \u0111\u00e2y nh\u00e0 \u0111\u1ea7u t\u01b0 tin r\u1eb1ng th\u1ecb tr\u01b0\u1eddng d\u1ea7u lu\u00f4n c\u00f3 \u201cv\u00f9ng \u0111\u1ec7m\u201d t\u1eeb ngu\u1ed3n cung d\u1ed3i d\u00e0o, th\u00ec hi\u1ec7n nay h\u1ecd ph\u1ea3i c\u00e2n nh\u1eafc l\u1ea1i k\u1ecbch b\u1ea3n v\u1ec1 m\u1ee9c \u0111\u1ed9 c\u0103ng th\u1eb3ng c\u1ee7a c\u00e1n c\u00e2n cung c\u1ea7u.<\/p>\n

Trong m\u00f4i tr\u01b0\u1eddng nh\u01b0 v\u1eady, nh\u1eefng th\u00f4ng tin v\u1ec1 ch\u00ednh s\u00e1ch khai th\u00e1c, m\u1ee9c t\u1ed3n kho, ho\u1ea1t \u0111\u1ed9ng xu\u1ea5t kh\u1ea9u v\u00e0 tri\u1ec3n v\u1ecdng nhu c\u1ea7u t\u1eeb c\u00e1c n\u1ec1n kinh t\u1ebf l\u1edbn s\u1ebd \u0111\u01b0\u1ee3c theo d\u00f5i s\u00e1t h\u01a1n. S\u1ef1 th\u1eadn tr\u1ecdng n\u00e0y c\u0169ng c\u00f3 th\u1ec3 lan sang c\u00e1c nh\u00f3m h\u00e0ng h\u00f3a n\u0103ng l\u01b0\u1ee3ng kh\u00e1c, do d\u1ea7u th\u00f4 th\u01b0\u1eddng c\u00f3 \u1ea3nh h\u01b0\u1edfng m\u1ea1nh \u0111\u1ebfn t\u00e2m l\u00fd chung c\u1ee7a to\u00e0n b\u1ed9 th\u1ecb tr\u01b0\u1eddng h\u00e0ng h\u00f3a.<\/p>\n

T\u00e1c \u0111\u1ed9ng \u0111\u1ebfn cung c\u1ea7u to\u00e0n c\u1ea7u<\/h3>\n

N\u1ebfu ngu\u1ed3n cung kh\u00f4ng theo k\u1ecbp nhu c\u1ea7u, th\u1ecb tr\u01b0\u1eddng s\u1ebd ph\u1ea3i \u0111i\u1ec1u ch\u1ec9nh th\u00f4ng qua gi\u00e1 \u0111\u1ec3 c\u00e2n b\u1eb1ng l\u1ea1i. Ng\u01b0\u1ee3c l\u1ea1i, n\u1ebfu nhu c\u1ea7u ch\u1eadm l\u1ea1i ho\u1eb7c kinh t\u1ebf to\u00e0n c\u1ea7u suy y\u1ebfu, \u00e1p l\u1ef1c l\u00ean gi\u00e1 c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c ki\u1ec1m ch\u1ebf ph\u1ea7n n\u00e0o. V\u00ec v\u1eady, di\u1ec5n bi\u1ebfn s\u1eafp t\u1edbi kh\u00f4ng ch\u1ec9 ph\u1ee5 thu\u1ed9c v\u00e0o m\u1ed9t ph\u00eda cung \u1ee9ng m\u00e0 c\u00f2n g\u1eafn ch\u1eb7t v\u1edbi t\u1ed1c \u0111\u1ed9 ti\u00eau th\u1ee5 n\u0103ng l\u01b0\u1ee3ng \u1edf c\u00e1c n\u1ec1n kinh t\u1ebf l\u1edbn.<\/p>\n

Trong b\u1ed1i c\u1ea3nh n\u00e0y, d\u1ea7u th\u00f4 ti\u1ebfp t\u1ee5c l\u00e0 m\u1eb7t h\u00e0ng nh\u1ea1y c\u1ea3m v\u1edbi d\u1eef li\u1ec7u v\u0129 m\u00f4. C\u00e1c thay \u0111\u1ed5i v\u1ec1 t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf, s\u1ea3n xu\u1ea5t c\u00f4ng nghi\u1ec7p, ho\u1ea1t \u0111\u1ed9ng v\u1eadn t\u1ea3i v\u00e0 m\u1ee9c ti\u00eau th\u1ee5 nhi\u00ean li\u1ec7u \u0111\u1ec1u c\u00f3 th\u1ec3 l\u00e0m thay \u0111\u1ed5i k\u1ef3 v\u1ecdng c\u1ee7a th\u1ecb tr\u01b0\u1eddng. \u0110\u1ec3 hi\u1ec3u th\u00eam c\u00e1ch c\u00e1c bi\u1ebfn s\u1ed1 v\u0129 m\u00f4 t\u00e1c \u0111\u1ed9ng t\u1edbi h\u00e0ng h\u00f3a, c\u00f3 th\u1ec3 tham kh\u1ea3o b\u00e0i OPEC+ ti\u1ebfp t\u1ee5c t\u0103ng s\u1ea3n l\u01b0\u1ee3ng d\u1ea7u trong th\u00e1ng 7 gi\u1eefa lo ng\u1ea1i thi\u1ebfu h\u1ee5t ngu\u1ed3n cung<\/a>.<\/p>\n

Nh\u1eefng y\u1ebfu t\u1ed1 c\u1ea7n theo d\u00f5i ti\u1ebfp theo<\/h2>\n

Quy\u1ebft \u0111\u1ecbnh c\u1ee7a c\u00e1c n\u01b0\u1edbc s\u1ea3n xu\u1ea5t l\u1edbn<\/h3>\n

M\u1ed9t trong nh\u1eefng bi\u1ebfn s\u1ed1 quan tr\u1ecdng nh\u1ea5t l\u00e0 ch\u00ednh s\u00e1ch s\u1ea3n l\u01b0\u1ee3ng c\u1ee7a c\u00e1c n\u01b0\u1edbc xu\u1ea5t kh\u1ea9u d\u1ea7u l\u1edbn. B\u1ea5t k\u1ef3 t\u00edn hi\u1ec7u n\u00e0o cho th\u1ea5y vi\u1ec7c duy tr\u00ec ho\u1eb7c si\u1ebft ch\u1eb7t ngu\u1ed3n cung \u0111\u1ec1u c\u00f3 th\u1ec3 \u1ea3nh h\u01b0\u1edfng tr\u1ef1c ti\u1ebfp t\u1edbi gi\u00e1 v\u00e0 k\u1ef3 v\u1ecdng th\u1ecb tr\u01b0\u1eddng.<\/p>\n

T\u1ed3n kho v\u00e0 d\u00f2ng ch\u1ea3y th\u01b0\u01a1ng m\u1ea1i<\/h3>\n

T\u1ed3n kho d\u1ea7u t\u1ea1i c\u00e1c trung t\u00e2m l\u1edbn v\u1eabn l\u00e0 ch\u1ec9 b\u00e1o quan tr\u1ecdng cho th\u1ea5y th\u1ecb tr\u01b0\u1eddng \u0111ang d\u01b0 hay thi\u1ebfu cung. Song song v\u1edbi \u0111\u00f3, ho\u1ea1t \u0111\u1ed9ng xu\u1ea5t nh\u1eadp kh\u1ea9u v\u00e0 tuy\u1ebfn v\u1eadn chuy\u1ec3n d\u1ea7u th\u00f4 c\u0169ng c\u1ea7n \u0111\u01b0\u1ee3c theo d\u00f5i v\u00ec ch\u00fang ph\u1ea3n \u00e1nh m\u1ee9c \u0111\u1ed9 th\u1ef1c s\u1ef1 c\u1ee7a ngu\u1ed3n cung tr\u00ean th\u1ecb tr\u01b0\u1eddng v\u1eadt ch\u1ea5t.<\/p>\n

Nhu c\u1ea7u t\u1eeb c\u00e1c n\u1ec1n kinh t\u1ebf ti\u00eau th\u1ee5 l\u1edbn<\/h3>\n

Tri\u1ec3n v\u1ecdng nhu c\u1ea7u t\u1eeb c\u00e1c qu\u1ed1c gia ti\u00eau th\u1ee5 n\u0103ng l\u01b0\u1ee3ng l\u1edbn s\u1ebd l\u00e0 y\u1ebfu t\u1ed1 quy\u1ebft \u0111\u1ecbnh vi\u1ec7c th\u1ecb tr\u01b0\u1eddng c\u00f3 th\u1ef1c s\u1ef1 r\u01a1i v\u00e0o tr\u1ea1ng th\u00e1i c\u0103ng th\u1eb3ng hay kh\u00f4ng. N\u1ebfu nhu c\u1ea7u gi\u1eef v\u1eefng trong khi ngu\u1ed3n cung kh\u00f4ng t\u0103ng t\u01b0\u01a1ng x\u1ee9ng, \u00e1p l\u1ef1c l\u00ean c\u00e2n b\u1eb1ng th\u1ecb tr\u01b0\u1eddng s\u1ebd r\u00f5 h\u01a1n.<\/p>\n

R\u1ee7i ro \u0111\u1ecba ch\u00ednh tr\u1ecb v\u00e0 m\u00f4i tr\u01b0\u1eddng \u0111\u1ea7u t\u01b0<\/h3>\n

Th\u1ecb tr\u01b0\u1eddng d\u1ea7u lu\u00f4n ch\u1ecbu \u1ea3nh h\u01b0\u1edfng t\u1eeb c\u0103ng th\u1eb3ng \u0111\u1ecba ch\u00ednh tr\u1ecb, thay \u0111\u1ed5i ch\u00ednh s\u00e1ch n\u0103ng l\u01b0\u1ee3ng v\u00e0 t\u00e2m l\u00fd r\u1ee7i ro to\u00e0n c\u1ea7u. Ngo\u00e0i ra, chi ph\u00ed v\u1ed1n, l\u00e3i su\u1ea5t v\u00e0 t\u1ef7 gi\u00e1 c\u0169ng c\u00f3 th\u1ec3 t\u00e1c \u0111\u1ed9ng gi\u00e1n ti\u1ebfp \u0111\u1ebfn ho\u1ea1t \u0111\u1ed9ng \u0111\u1ea7u t\u01b0 khai th\u00e1c c\u0169ng nh\u01b0 d\u00f2ng ti\u1ec1n tr\u00ean th\u1ecb tr\u01b0\u1eddng h\u00e0ng h\u00f3a.<\/p>\n

G\u00f3c nh\u00ecn d\u00e0nh cho nh\u00e0 \u0111\u1ea7u t\u01b0 quan t\u00e2m th\u1ecb tr\u01b0\u1eddng h\u00e0ng h\u00f3a<\/h2>\n

Th\u00f4ng \u0111i\u1ec7p t\u1eeb nh\u1eadn \u0111\u1ecbnh c\u1ee7a Jeff Currie l\u00e0 th\u1ecb tr\u01b0\u1eddng d\u1ea7u th\u00f4 \u0111ang b\u01b0\u1edbc v\u00e0o giai \u0111o\u1ea1n kh\u00f3 d\u1ef1 \u0111o\u00e1n h\u01a1n, khi gi\u1ea3 \u0111\u1ecbnh v\u1ec1 ngu\u1ed3n cung d\u1ed3i d\u00e0o kh\u00f4ng c\u00f2n \u0111\u1ee7 ch\u1eafc ch\u1eafn. \u0110\u00e2y l\u00e0 t\u00edn hi\u1ec7u cho th\u1ea5y nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n theo d\u00f5i s\u00e1t h\u01a1n c\u00e1c d\u1eef li\u1ec7u th\u1ef1c t\u1ebf thay v\u00ec ch\u1ec9 d\u1ef1a v\u00e0o k\u1ef3 v\u1ecdng c\u0169 v\u1ec1 d\u01b0 cung d\u00e0i h\u1ea1n.<\/p>\n

V\u1edbi th\u1ecb tr\u01b0\u1eddng h\u00e0ng h\u00f3a, s\u1ef1 thay \u0111\u1ed5i trong c\u00e1n c\u00e2n cung c\u1ea7u th\u01b0\u1eddng di\u1ec5n ra kh\u00f4ng tuy\u1ebfn t\u00ednh v\u00e0 c\u00f3 th\u1ec3 khi\u1ebfn gi\u00e1 ph\u1ea3n \u1ee9ng m\u1ea1nh theo t\u1eebng giai \u0111o\u1ea1n. V\u00ec v\u1eady, vi\u1ec7c c\u1eadp nh\u1eadt li\u00ean t\u1ee5c c\u00e1c th\u00f4ng tin v\u1ec1 s\u1ea3n l\u01b0\u1ee3ng, t\u1ed3n kho, nhu c\u1ea7u ti\u00eau th\u1ee5 v\u00e0 ch\u00ednh s\u00e1ch c\u1ee7a c\u00e1c b\u00ean li\u00ean quan s\u1ebd l\u00e0 y\u1ebfu t\u1ed1 then ch\u1ed1t \u0111\u1ec3 hi\u1ec3u \u0111\u00fang di\u1ec5n bi\u1ebfn c\u1ee7a th\u1ecb tr\u01b0\u1eddng d\u1ea7u m\u1ecf trong th\u1eddi gian t\u1edbi.<\/p>","protected":false},"excerpt":{"rendered":"

Ni\u1ec1m tin r\u1eb1ng th\u1ecb tr\u01b0\u1eddng d\u1ea7u m\u1ecf to\u00e0n c\u1ea7u lu\u00f4n \u0111\u01b0\u1ee3c \u201cb\u1ea3o \u0111\u1ea3m\u201d b\u1edfi ngu\u1ed3n cung d\u1ed3i d\u00e0o \u0111ang d\u1ea7n b\u1ecb th\u1eed th\u00e1ch. Nh\u1eefng \u0111\u00e1nh gi\u00e1 g\u1ea7n \u0111\u00e2y t\u1eeb gi\u1edbi ph\u00e2n t\u00edch cho th\u1ea5y b\u1ee9c tranh cung – c\u1ea7u c\u1ee7a d\u1ea7u th\u00f4 kh\u00f4ng c\u00f2n \u0111\u01a1n gi\u1ea3n nh\u01b0 giai \u0111o\u1ea1n tr\u01b0\u1edbc, khi s\u1ea3n l\u01b0\u1ee3ng t\u0103ng m\u1ea1nh […]<\/p>\n","protected":false},"author":6,"featured_media":34665,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_gspb_post_css":"","footnotes":""},"categories":[13],"tags":[145,843,341,120,36],"class_list":["post-34666","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tin-tuc","tag-gia-dau","tag-hang-hoa-nang-luong","tag-nguon-cung-dau","tag-opec","tag-thi-truong-dau-mo"],"blocksy_meta":[],"acf":[],"_links":{"self":[{"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/posts\/34666","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/comments?post=34666"}],"version-history":[{"count":1,"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/posts\/34666\/revisions"}],"predecessor-version":[{"id":34701,"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/posts\/34666\/revisions\/34701"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/media\/34665"}],"wp:attachment":[{"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/media?parent=34666"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/categories?post=34666"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edutrade.vn\/en\/wp-json\/wp\/v2\/tags?post=34666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}