{"id":5433,"date":"2026-07-21T13:47:22","date_gmt":"2026-07-21T06:47:22","guid":{"rendered":"https:\/\/useful.vn\/?p=5433"},"modified":"2026-07-21T13:47:22","modified_gmt":"2026-07-21T06:47:22","slug":"de-xuat-cong-ty-khoi-nghiep-chua-co-lai-van-duoc-niem-yet","status":"publish","type":"post","link":"https:\/\/useful.vn\/?p=5433","title":{"rendered":"\u0110\u1ec1 xu\u1ea5t c\u00f4ng ty kh\u1edfi nghi\u1ec7p ch\u01b0a c\u00f3 l\u00e3i v\u1eabn \u0111\u01b0\u1ee3c ni\u00eam y\u1ebft"},"content":{"rendered":"
\n

\n\u0110\u1ec1 xu\u1ea5t c\u00f4ng ty kh\u1edfi nghi\u1ec7p ch\u01b0a c\u00f3 l\u00e3i v\u1eabn \u0111\u01b0\u1ee3c ni\u00eam y\u1ebft <\/h1>\n

B\u1ed9 Khoa h\u1ecdc v\u00e0 C\u00f4ng ngh\u1ec7 \u0111\u1ec1 xu\u1ea5t thay \u0111\u1ed5i ti\u00eau ch\u00ed c\u1ea5p ph\u00e9p IPO do 3-5 n\u0103m \u0111\u1ea7u l\u00e0 giai \u0111o\u1ea1n c\u00f4ng ty kh\u1edfi nghi\u1ec7p “\u0111\u1ed1t ti\u1ec1n”, kh\u00f3 c\u00f3 l\u00e3i \u0111\u1ec3 \u0111\u00e1p \u1ee9ng \u0111i\u1ec1u ki\u1ec7n l\u00ean s\u00e0n.<\/p>\n

Trong g\u00f3p \u00fd h\u1ed3 s\u01a1 d\u1ef1 \u00e1n Lu\u1eadt s\u1eeda \u0111\u1ed5i v\u00e0 b\u1ed5 sung m\u1ed9t s\u1ed1 \u0111i\u1ec1u c\u1ee7a Lu\u1eadt Ch\u1ee9ng kho\u00e1n, B\u1ed9 Khoa h\u1ecdc v\u00e0 C\u00f4ng ngh\u1ec7 \u0111\u1ec1 xu\u1ea5t \u0111i\u1ec1u ch\u1ec9nh quy \u0111\u1ecbnh doanh nghi\u1ec7p ph\u1ea3i c\u00f3 l\u00e3i 2 n\u0103m li\u00ean t\u1ee5c tr\u01b0\u1edbc khi ch\u00e0o b\u00e1n c\u1ed5 ph\u1ea7n l\u1ea7n \u0111\u1ea7u ra c\u00f4ng ch\u00fang (IPO) b\u1eb1ng c\u00e1c ti\u00eau ch\u00ed ph\u00f9 h\u1ee3p.<\/p>\n

Theo B\u1ed9 Khoa h\u1ecdc v\u00e0 C\u00f4ng ngh\u1ec7, c\u00e1c c\u00f4ng ty kh\u1edfi nghi\u1ec7p v\u00e0 \u0111\u1ed5i m\u1edbi s\u00e1ng t\u1ea1o th\u01b0\u1eddng d\u00e0nh 3-5 n\u0103m \u0111\u1ea7u “\u0111\u1ed1t ti\u1ec1n” cho ho\u1ea1t \u0111\u1ed9ng nghi\u00ean c\u1ee9u, ph\u00e1t tri\u1ec3n, th\u1eed nghi\u1ec7m c\u00f4ng ngh\u1ec7 v\u00e0 m\u00f4 h\u00ecnh kinh doanh m\u1edbi \u0111\u1ec3 thu h\u00fat ng\u01b0\u1eddi d\u00f9ng. N\u1ebfu \u00e1p d\u1ee5ng quy \u0111\u1ecbnh hi\u1ec7n h\u00e0nh, c\u00e1c c\u00f4ng ty kh\u1edfi nghi\u1ec7p hay k\u1ef3 l\u00e2n c\u00f4ng ngh\u1ec7 trong giai \u0111o\u1ea1n t\u0103ng tr\u01b0\u1edfng m\u1ea1nh nh\u1ea5t kh\u00f3 \u0111\u1ee7 \u0111i\u1ec1u ki\u1ec7n IPO v\u00e0 ni\u00eam y\u1ebft. \u0110i\u1ec1u n\u00e0y d\u1eabn \u0111\u1ebfn nguy c\u01a1 “ch\u1ea3y m\u00e1u” doanh nghi\u1ec7p ti\u1ec1m n\u0103ng v\u00e0 d\u00f2ng v\u1ed1n khi h\u1ecd chuy\u1ec3n sang qu\u1ed1c gia kh\u00e1c \u0111\u1ec3 IPO.<\/p>\n

B\u1ed9 Khoa h\u1ecdc v\u00e0 C\u00f4ng ngh\u1ec7 cho r\u1eb1ng c\u00f3 nh\u1eefng ti\u00eau ch\u00ed ph\u00f9 h\u1ee3p h\u01a1n \u0111\u1ec3 \u0111\u00e1nh gi\u00e1 s\u1ee9c kh\u1ecfe t\u00e0i ch\u00ednh v\u00e0 ti\u1ec1m n\u0103ng t\u0103ng tr\u01b0\u1edfng c\u1ee7a c\u00f4ng ty kh\u1edfi nghi\u1ec7p. V\u00ed d\u1ee5 nh\u01b0 t\u1ed1c \u0111\u1ed9 t\u0103ng tr\u01b0\u1edfng doanh thu, t\u1ef7 l\u1ec7 chi ph\u00ed cho \u0111\u1ea7u t\u01b0 v\u00e0 ph\u00e1t tri\u1ec3n tr\u00ean t\u1ed5ng doanh thu, \u0111\u01b0\u1ee3c \u0111\u1ecbnh gi\u00e1 v\u00e0 c\u00f3 s\u1ef1 tham gia c\u1ee7a c\u00e1c qu\u1ef9 \u0111\u1ea7u t\u01b0 m\u1ea1o hi\u1ec3m…<\/p>\n

Theo Lu\u1eadt Ch\u1ee9ng kho\u00e1n, doanh nghi\u1ec7p ph\u1ea3i \u0111\u00e1p \u1ee9ng 9 ti\u00eau ch\u00ed \u0111\u1ec3 IPO. Ngo\u00e0i kinh doanh c\u00f3 l\u00e3i hai n\u0103m li\u00ean t\u1ee5c tr\u01b0\u1edbc khi ch\u00e0o b\u00e1n c\u1ed5 ph\u1ea7n l\u1ea7n \u0111\u1ea7u, doanh nghi\u1ec7p kh\u00f4ng \u0111\u01b0\u1ee3c c\u00f3 l\u1ed7 l\u0169y k\u1ebf, v\u1ed1n \u0111i\u1ec1u l\u1ec7 th\u1ef1c g\u00f3p \u00edt nh\u1ea5t 30 t\u1ef7 \u0111\u1ed3ng tr\u1edf l\u00ean, 15% c\u1ed5 ph\u1ea7n ph\u1ea3i \u0111\u01b0\u1ee3c b\u00e1n cho t\u1ed1i thi\u1ec3u 100 nh\u00e0 \u0111\u1ea7u t\u01b0 thi\u1ec3u s\u1ed1 \u0111\u1ec3 \u0111\u1ea3m b\u1ea3o t\u01b0 c\u00e1ch \u0111\u1ea1i ch\u00fang…<\/p>\n

B\u1ed9 T\u00e0i ch\u00ednh, c\u01a1 quan so\u1ea1n th\u1ea3o d\u1ef1 \u00e1n Lu\u1eadt s\u1eeda \u0111\u1ed5i, cho r\u1eb1ng \u0111i\u1ec1u ki\u1ec7n IPO \u0111\u01b0\u1ee3c thi\u1ebft k\u1ebf nh\u1eb1m b\u1ea3o \u0111\u1ea3m doanh nghi\u1ec7p c\u00f3 \u0111\u1ed9 \u1ed5n \u0111\u1ecbnh nh\u1ea5t \u0111\u1ecbnh v\u1ec1 kinh doanh v\u00e0 n\u0103ng l\u1ef1c t\u00e0i ch\u00ednh tr\u01b0\u1edbc khi huy \u0111\u1ed9ng v\u1ed1n r\u1ed9ng r\u00e3i t\u1eeb c\u00f4ng ch\u00fang. \u0110i\u1ec1u n\u00e0y c\u0169ng nh\u1eb1m gi\u1eef v\u1eefng ch\u1ea5t l\u01b0\u1ee3ng h\u00e0ng h\u00f3a tr\u00ean th\u1ecb tr\u01b0\u1eddng v\u00e0 b\u1ea3o v\u1ec7 nh\u00e0 \u0111\u1ea7u t\u01b0, \u0111\u1eb7c bi\u1ec7t nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n.<\/p>\n

Theo c\u01a1 quan so\u1ea1n th\u1ea3o, c\u00e1c ti\u00eau ch\u00ed B\u1ed9 Khoa h\u1ecdc v\u00e0 C\u00f4ng ngh\u1ec7 \u0111\u1ec1 xu\u1ea5t ch\u01b0a ph\u1ea3n \u00e1nh \u0111\u1ee7 kh\u1ea3 n\u0103ng t\u1ea1o d\u00f2ng ti\u1ec1n v\u00e0 m\u1ee9c \u0111\u1ed9 b\u1ec1n v\u1eefng c\u1ee7a m\u00f4 h\u00ecnh kinh doanh.<\/strong><\/span> \u0110\u00f3 c\u0169ng ch\u01b0a ph\u1ea3i ch\u1ec9 ti\u00eau k\u1ebf to\u00e1n, t\u00e0i ch\u00ednh c\u00f3 t\u00ednh chu\u1ea9n h\u00f3a cao \u0111\u1ec3 \u00e1p d\u1ee5ng th\u1ed1ng nh\u1ea5t khi c\u1ea5p ph\u00e9p IPO.<\/p>\n

“Vi\u1ec7c \u00e1p d\u1ee5ng c\u00e1c ti\u00eau ch\u00ed n\u00e0y c\u00f3 th\u1ec3 ph\u00e1t sinh r\u1ee7i ro \u0111\u00e1nh gi\u00e1 ch\u1ee7 quan, kh\u00f3 b\u1ea3o \u0111\u1ea3m t\u00ednh minh b\u1ea1ch v\u00e0 kh\u1ea3 n\u0103ng gi\u00e1m s\u00e1t th\u1ef1c thi”, B\u1ed9 T\u00e0i ch\u00ednh ph\u1ea3n h\u1ed3i. Theo c\u01a1 quan n\u00e0y, \u0111\u1ecbnh h\u01b0\u1edbng ph\u00e1t tri\u1ec3n th\u1ecb tr\u01b0\u1eddng v\u1ed1n cho c\u00e1c c\u00f4ng ty kh\u1edfi nghi\u1ec7p v\u00e0 \u0111\u1ed5i m\u1edbi s\u00e1ng t\u1ea1o \u0111\u00e3 \u0111\u01b0\u1ee3c nghi\u00ean c\u1ee9u theo c\u01a1 ch\u1ebf ri\u00eang, \u0111\u1ed3ng b\u1ed9 v\u1edbi th\u1ecb tr\u01b0\u1eddng giao d\u1ecbch chuy\u00ean bi\u1ec7t.<\/p>\n

T\u00ednh \u0111\u1ebfn cu\u1ed1i n\u0103m ngo\u00e1i, c\u1ea3 n\u01b0\u1edbc c\u00f3 kho\u1ea3ng 4.000 doanh nghi\u1ec7p kh\u1edfi nghi\u1ec7p, trong \u0111\u00f3 c\u00f3 hai k\u1ef3 l\u00e2n c\u00f4ng ngh\u1ec7 \u0111\u01b0\u1ee3c \u0111\u1ecbnh gi\u00e1 tr\u00ean m\u1ed9t t\u1ef7 USD l\u00e0 MoMo v\u00e0 Sky Mavis. H\u1ea1 t\u1ea7ng h\u1ed7 tr\u1ee3 kh\u1edfi nghi\u1ec7p d\u1ea7n ho\u00e0n thi\u1ec7n v\u1edbi 208 qu\u1ef9 \u0111\u1ea7u t\u01b0, 84 v\u01b0\u1eddn \u01b0\u01a1m, 40 t\u1ed5 ch\u1ee9c th\u00fac \u0111\u1ea9y kinh doanh v\u00e0 h\u01a1n 20 trung t\u00e2m h\u1ed7 tr\u1ee3 kh\u1edfi nghi\u1ec7p.<\/p>\n

\u0110\u1ea7u th\u00e1ng 4, Ch\u00ednh ph\u1ee7 \u0111\u00e3 ban h\u00e0nh Chi\u1ebfn l\u01b0\u1ee3c qu\u1ed1c gia v\u1ec1 kh\u1edfi nghi\u1ec7p s\u00e1ng t\u1ea1o, trong \u0111\u00f3 \u0111\u1eb7t m\u1ee5c ti\u00eau \u0111\u1ebfn n\u0103m 2030 c\u00f3 5 tri\u1ec7u ch\u1ee7 th\u1ec3 kinh doanh v\u00e0 \u00edt nh\u1ea5t 10.000 doanh nghi\u1ec7p kh\u1edfi nghi\u1ec7p s\u00e1ng t\u1ea1o. T\u1ea7m nh\u00ecn \u0111\u1ebfn n\u0103m 2045, ngo\u00e0i m\u1ee5c ti\u00eau 10% d\u00e2n s\u1ed1 tham gia kh\u1edfi nghi\u1ec7p, Vi\u1ec7t Nam ph\u1ea5n \u0111\u1ea5u c\u1ee9 35 ng\u01b0\u1eddi d\u00e2n c\u00f3 m\u1ed9t doanh nghi\u1ec7p, 5.000 ng\u01b0\u1eddi d\u00e2n c\u00f3 m\u1ed9t doanh nghi\u1ec7p kh\u1edfi nghi\u1ec7p s\u00e1ng t\u1ea1o.<\/p>\n

Theo chi\u1ebfn l\u01b0\u1ee3c, qu\u1ed1c gia kh\u1edfi nghi\u1ec7p s\u00e1ng t\u1ea1o l\u00e0 n\u01a1i m\u1ecdi c\u00f4ng d\u00e2n c\u00f3 th\u1ec3 kh\u1edfi nghi\u1ec7p d\u1ef1a tr\u00ean khoa h\u1ecdc, c\u00f4ng ngh\u1ec7, \u0111\u1ed5i m\u1edbi s\u00e1ng t\u1ea1o v\u00e0 chuy\u1ec3n \u0111\u1ed5i s\u1ed1. Tinh th\u1ea7n kh\u1edfi nghi\u1ec7p, d\u00e1m ngh\u0129, d\u00e1m l\u00e0m, ch\u1ea5p nh\u1eadn r\u1ee7i ro v\u00e0 khoan dung v\u1edbi th\u1ea5t b\u1ea1i \u0111\u01b0\u1ee3c khuy\u1ebfn kh\u00edch v\u00e0 lan t\u1ecfa trong to\u00e0n x\u00e3 h\u1ed9i.<\/p>\n

Ph\u01b0\u01a1ng \u0110\u00f4ng<\/strong><\/p>\n<\/article>\n

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https:\/\/vnexpress.net\/de-xuat-cong-ty-khoi-nghiep-chua-co-lai-van-duoc-niem-yet-5093242.html<\/p>\n","protected":false},"excerpt":{"rendered":"

\u0110\u1ec1 xu\u1ea5t c\u00f4ng ty kh\u1edfi nghi\u1ec7p ch\u01b0a c\u00f3 l\u00e3i v\u1eabn \u0111\u01b0\u1ee3c ni\u00eam y\u1ebft B\u1ed9 Khoa h\u1ecdc v\u00e0 C\u00f4ng ngh\u1ec7 \u0111\u1ec1 xu\u1ea5t thay \u0111\u1ed5i ti\u00eau ch\u00ed c\u1ea5p ph\u00e9p IPO do 3-5 n\u0103m \u0111\u1ea7u l\u00e0 giai \u0111o\u1ea1n c\u00f4ng ty kh\u1edfi nghi\u1ec7p “\u0111\u1ed1t ti\u1ec1n”, kh\u00f3 c\u00f3 l\u00e3i \u0111\u1ec3 \u0111\u00e1p \u1ee9ng \u0111i\u1ec1u ki\u1ec7n l\u00ean s\u00e0n. Trong g\u00f3p \u00fd h\u1ed3<\/p>\n","protected":false},"author":1,"featured_media":5434,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":["post-5433","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-thi-truong"],"_links":{"self":[{"href":"https:\/\/useful.vn\/index.php?rest_route=\/wp\/v2\/posts\/5433","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/useful.vn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/useful.vn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/useful.vn\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/useful.vn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5433"}],"version-history":[{"count":0,"href":"https:\/\/useful.vn\/index.php?rest_route=\/wp\/v2\/posts\/5433\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/useful.vn\/index.php?rest_route=\/wp\/v2\/media\/5434"}],"wp:attachment":[{"href":"https:\/\/useful.vn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/useful.vn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/useful.vn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}