Các nhân tố ảnh hưởng đến chính sách cổ tức của các doanh nghiệp việt nam

B® GIÁO DUC VÀ ÐÀO TAO TRUèNG ÐAI HOC KINH TE TP.HCM -oOo - PHAM TAN HÒA CÁC NHÂN TO ÃNH HUeNG ÐEN CHÍNH SÁCH CO TÚC CUA CC DOANH NGHIẵP VIẵT NAM LUắN VAN THAC SI KINH TE TP Ho Chí Minh – Nam 2012 B® GIÁO DUC VÀ ÐÀO TAO TRUèNG ÐAI HOC KINH TE TP.HCM -oOo - PHAM TAN HÒA CÁC NHÂN TO ÃNH HUeNG ÐEN CHÍNH SÁCH CO TÚC CUA CÁC DOANH NGHI½P VI½T NAM Chun ngành : Tài Chính – Ngân hàng Mã So : 60340201 LU¾N VAN THAC SI KINH TE Ngvịi hvóng dan khoa hoc: PGS – TS NGUYEN TH± LIÊN HOA TP Ho Chí Minh – Nam 2012 LèI CAM ÐOAN Tôi xin cam doan dây l cụng trỡnh nghiờn cỳu dđc lắp cỳa tụi Cỏc so li¾u, ket nghiên cúu dvoc nêu lu¾n van trung thnc, dvoc trích dan có tính ke thùa, phát trien tù tài li¾u, tap chí, cơng trình nghiên cúu dã dvoc cơng bo, website, Các giái pháp nêu lu¾n van dvoc rút tù nhung co só lý lu¾n q trình nghiên cúu thnc tien TP.HCM,30 tháng 12 nam 2012 TÁC GIÁ PHAM TAN HỊA LèI CÃM ÐN Trvóc tiên, tơi xin chân thành cám on PGS TS Nguyen Th% Liên Hoa dã nhi¾t tình hvóng dan giúp dõ tơi suot q trình thnc hi¾n lu¾n van tot nghi¾p Tơi cung xin gúi lịi cám on chân thành den Q Thay Cơ Trvịng Ðai hoc Kinh te TP.HCM, nhung ngvịi dã t¾n tâm giáng day, truyen dat nhung kien thúc q báu cho tơi suot thịi gian tơi hoc t¾p tai trvịng TP.HCM, 30 tháng 12 nam 2012 TÁC GIÁ PHAM TAN HÒA MUC LUC TRANG PHU BÌA LèI CAM ÐOAN MUC LUC DANH MUC CÁC BÃNG TĨM TAT Giói thi¾u……………………………………………………………………… 1.1 Lý chon tài……………………………………………………………….2 de 1.2 Van de nghiên cúu…………………………………………………………… 1.3 Mnc tiêu, phvong pháp, du li¾u pham vi nghiên cúu…………………….4 Tong quan ……………………………… ket quã 2.1 nghiên Co cúu sõ trvóc lý dây thuyet …………………………………………………………………5 2.1.1 Cách tiep c¾n cua Modigliani & MILLER (1961) ve tính khơng liên quan cua co túc……………………………………………………………………………5 2.1.2 Chính sách co túc, van de dai di¾n ………………………………………… 2.1.3 Chính sách co túc thông tin bat doi xúng……………………………… 2.2 Các nghiên cúu ve yeu to ãnh hvõng den co túc Phvong pháp nghiên cúu …………………………………………………… 20 3.1 Mơ hình nghiên cúu………………………………………………………….20 3.2 Mơ tã co sõ du li¾u………………………………………………………… 21 3.2.1 Xây dnng bien giã thuyet nghiên cúu……………………………….21 3.2.2 Nguon so li¾u phvong pháp thu th¾p……………………………………26 3.2.3 Xu lý du li¾u bang hoi quy tuyen tính………………………………………26 3.2.4 Chay mơ hình……………………………………………………………… 26 Ket quã nghiên cúu…………………………………………………………….28 4.1 Thong kê mô tã……………………………………………………………… 28 4.2 Phân tích tvong quan…………………………………………………………30 4.3 Ket quã hoi qui vóc lvong múc d® tác d®ng cua nhân to tói ty l¾ chi trã co túc………………………………………………………………………… 32 4.3.1 Mơ hình hoi qui cho tat cã bien……………………………………… 32 4.3.2 Mơ hình hoi quy giói han………………………………………………… 34 Thão lu¾n de giãi pháp…………………………………………… 37 5.1 Thnc trang vi¾c chi trã co túc tai doanh nghi¾p niêm yet sàn chúng khốn Vi¾t Nam nhung nam qua…………………………………………37 5.2 Ðe xuat cho doanh nghi¾p tai Vi¾t Nam ve van de quyet d%nh sách chia co túc……………………………………………………………………38 5.3 Han che cua de tài hvóng nghiên cúu tiep theo…………………………39 TÀI LI½U THAM KHÃO PHU LUC DANH MUC CÁC BÃNG Báng 4.1: Thong kê mô tá tý l¾ chi trá co túc nhân to ánh hvóng…………………………………………………………………………… 29 Báng 4.2: Ma tr¾n h¾ so tvong quan giua bien ………………………………… …………………………………………………31 Báng 4.3: Ðánh giá sn phù hop cúa mơ hình hoi qui tong ………………………… 32 Báng 4.4: Kiem d%nh ý nghia cúa mơ hình hoi qui tong …………………………… …………………………………………………… 33 Báng 4.5: H¾ So Hoi Qui Tong …………………………… …………………………………………………… 33 Báng 4.6: Ðánh giá sn phù hop cúa mơ hình hoi qui rút gon …………………………… …………………………………………………… 34 Báng 4.7: Kiem d%nh ý nghia cúa mơ hình hoi qui rút gon …………………………… …………………………………………………… 35 Báng 4.8: H¾ So Hoi quy tong cúa mơ hình rút gon …………………………… …………………………………………………… 35 Tóm tat Trong van cịn tranh cãi ve sách co túc cúa cơng ty tai th% trvịng von hồn háo, tranh cãi nhieu hon the giói thnc noi khơng có sn ton tai cúa th% trvịng hồn háo Sn hi¾n di¾n cúa thơng tin bat doi xúng, van de chi phí dai di¾n, thue, chi phí giao d%ch, tat cá làm cho sách co túc tró nên quan Ðã có rat nhieu nghiên cúu lý thuyet thnc nghi¾m co gang xác d%nh nhung yeu to quyet d%nh den sách co túc cúa công ty Tuy nhiên, den nay, van chva có sn dong thu¾n ve nhung yeu to ánh hvóng den sách co túc cúa cơng ty Van de th¾m chí cịn phúc tap hon de c¾p den nhung th% trvịng kinh te mói noi Nghiên cúu co gang tìm hieu thêm ve sách co túc tai th% trvịng chúng khốn Vi¾t Nam, noi mà nghiên cúu ve yeu to quyet d%nh den sách chia co túc cúa cơng ty cịn han che Nghiên cúu t¾p trung vào vi¾c dat dvoc hai mnc tiêu chính.Mnc tiêu thú nhat thnc nghi¾m kiem tra yeu to quyet d%nh sách co túc cúa cơng ty tìm hieu moi tvong quan giua co túc yeu to này.Phân tích ánh hvóng cúa d¾c tính cúa cơng ty nhv loi nhu¾n, tang trvóng, dịn bay tài chính, quy mơ, tuoi cơng ty… mơ hình chi trá co túc de xác d%nh múc d® ánh hvóng khác cúa yeu to doi vói sách tốn co túc cúa cơng ty tai Vi¾t Nam.Mnc tiêu thú hai cúa de án de xuat d%nh hvóng giái pháp cho sách quyet d%nh chia co túc cho doanh nghi¾p tai th% trvịng Vi¾t Nam dong thịi de ngh% hvóng nghiên cúu tiep theo bo sung cho de tài Nhieu bien so có ý nghia nghiên cúu khú dã dvoc sú dnng mơ hình hoi quy de làm tang nang giái thích cúa mơ hình boi cánh th% trvịng Vi¾t Nam Các tác d®ng doi vói co túc tù nghiên cúu cho thay rang tong tài sán cúa công ty (quy mô doanh nghi¾p), thu nh¾p, chí so PE tuoi cúa cơng ty có tác d®ng dáng ke den sách chi trá co túc cúa doanh nghi¾p Do dó, nhà quán lý can phái t¾p trung nhieu hon vào vi¾c phát trien loi nhu¾n có sách dn tru nguon tien hop lý de tù dó xây dnng dvoc sách co túc phù hop Dù sao, sách co túc van m®t câu chva dvoc giái quyet day tranh cãi, dó có ý nghia cho vi¾c nghiên cúu sâu hon tvong lai, nhat tai th% trvịng chúng khốn cịn non tré ó Vi¾t Nam Giói thi¾u 1.1 Lý chon de tài: Các nghiên cúu thnc nghi¾m trvóc da so t¾p trung yeu vào nen kinh te phát trien Ðe tài nghiên cúu tien hành xem xét van de tù quan diem cúa th % trvòng mói noi Mnc tiêu cúa nghiên cúu thnc nghi¾m kiem tra de xác d%nh sách co túc hop lý bang vi¾c tìm kiem úng dnng cúa mơ hình Lintner vào th% trvịng chúng khốn Vi¾t Nam tù 2008-2011 Cơng vi¾c nghiên cúu cung tìm cách kiem tra xác d%nh tam quan tvong doi cúa m®t so yeu to quyet d%nh den sách co túc boi cánh Vi¾t Nam Trong boi cánh Vi¾t Nam, vài nghiên cúu dã phân tích yeu to ánh hvóng den hành vi chi trá co túc cúa công ty nhvng giao doan cu hon tù 2005-2009 Tuy nhiên, van chva the dva ket lu¾n rõ ràng ve mơ hình tốn co túc cúa cơng ty ó Vi¾t Nam th% trvịng chúng khốn Vi¾t Nam cịn rat non tré tài li¾u nghiên cúu phân tích hành vi co túc cúa cơng ty doanh nghi¾p boi cánh Vi¾t Nam cung cịn han che 1.2 Van de nghiên cúu: Sau Miller Modigliani (1961) tiên phong ve giá thuyet không liên quan cúa co túc, nhà kinh te tài dã tien m®t so lý thuyet cịn mâu thuan no lnc giái thích lý tai sách co túc cúa cơng ty thnc te khơng cịn quan M®t so lý thuyet dã phát trien de giái thích sn liên quan cúa sách co túc có sn ton tai cúa thue (Litzenberger Ramaswamy, nam 1979, Poterba Summers, 1984, Barclay, 1987) M®t giá thuyet ve sách co túc khác cho thay rang sách co túc b% ánh hvóng bói th% trvịng khơng hồn háo nhv thông tin bat 2008 2011 2010 2009 2011 2010 2009 2010 2011 2008 2009 2011 2008 2010 2009 2011 2010 2009 2008 2009 2008 2011 2010 2011 2010 2009 2008 2009 2010 2011 2010 2011 2009 2008 2008 2011 2010 2009 2009 2010 2011 2008 2011 2010 2009 2008 2009 2011 2010 2010 2011 2009 2008 2008 2010 2009 2011 2011 2010 2009 2009 2011 2010 2009 2008 2011 2010 2009 GTA GTT GTT GTT HAD HAD HAD HAG HAG HAG HAG HAI HAI HAI HAI HAP HAP HAP HAP HAS HAS HAS HAS HAT HAT HAT HAX HAX HAX HAX HBC HBC HBC HBC HBD HBD HBD HBD HBE HBE HBE HBE HBS HBS HBS HCC HCC HCC HCC HCM HCM HCM HCM HCT HCT HCT HCT HDA HDA HDA HDC HDC HDC HDC HDG HDG HDG HDG HOSE HOSE HOSE HOSE HATSC HATSC HATSC HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HOSE HOSE HOSE HOSE HATSC HATSC HATSC HATSC HATSC HATSC HATSC HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE Hàng tiêu dùng Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Tài Tài Hàng tiêu dùng Tài Nơng nghi¾p Nơng nghi¾p Nơng nghi¾p Nơng nghi¾p Ngun v¾t li¾u Ngun v¾t li¾u Ngun vắt liắu Nguyờn vắt liắu Bat dđng sỏn v xõy dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng D%ch D%ch D%ch D%ch Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Nguyên v¾t li¾u Nguyên v¾t li¾u Nguyên v¾t li¾u Nguyên v¾t li¾u D%ch D%ch D%ch D%ch Tài Tài Tài Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Tài Tài Tài Tài Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Ngun v¾t li¾u Ngun vắt liắu Nguyờn vắt liắu Bat dđng sỏn v xõy dnng Bat d®ng sán xây dnng Bat d®ng sán v xõy dnng Nguyờn vắt liắu Bat dđng sỏn v xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng 5% 12% 0% 0% 35% 25% 0% 15% 10% 0% 0% 30% 25% 20% 20% 0% 0% 0% 0% 21% 7% 5% 4% 25% 0% 0% 22% 8% 6% 0% 12% 6% 0% 0% 30% 25% 20% 5% 16% 3% 0% 0% 0% 0% 0% 31% 5% 0% 0% 20% 17% 10% 0% 12% 11% 10% 8% 20% 0% 0% 36% 20% 1% 0% 25% 10% 0% 0% 5.3 6.1 6.1 6.0 5.1 5.1 5.1 7.1 7.3 7.4 6.9 5.8 5.7 5.7 5.7 5.8 5.8 5.8 5.8 5.4 5.4 5.3 5.4 5.0 4.9 4.9 5.2 5.4 5.5 5.5 5.3 5.3 5.2 5.2 4.4 4.5 4.5 4.5 4.6 4.6 4.6 4.3 5.6 5.7 5.6 4.7 4.8 5.0 4.9 6.4 6.4 6.3 6.2 4.7 4.6 4.6 4.6 4.8 4.7 4.8 5.8 6.0 5.9 6.1 6.2 6.2 6.1 5.8 2011 2008 2010 2008 2010 2011 2009 2011 2010 2009 2008 2011 2008 2009 2010 2010 2011 2009 2008 2008 2011 2009 2010 2010 2008 2011 2009 2011 2010 HDO HDO HDO HEV HEV HEV HEV HGM HGM HGM HGM HHC HHC HHC HHC HHL HHL HHL HHL HJS HJS HJS HJS HLA HLA HLA HLA HLC HLC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HOSE HOSE HOSE HOSE HOSE HOSE Cụng nghiắp Bat dđng sỏn v xõy dnng Cơng nghi¾p D%ch D%ch D%ch D%ch Nguyên v¾t li¾u Nguyên v¾t li¾u Nguyên v¾t li¾u Nguyên v¾t li¾u Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Nang lvong Nang lvong Nang lvong Nang lvong Nguyên v¾t li¾u Nguyên v¾t li¾u Nguyên v¾t li¾u Nguyên v¾t li¾u Nang lvong Nang lvong 13% 0% 0% 26% 25% 19% 9% 80% 30% 0% 0% 27% 26% 18% 0% 10% 0% 0% 0% 10% 7% 1% 0% 19% 7% 0% 0% 15% 15% 5.3 5.5 5.2 4.3 4.4 4.3 4.4 5.4 5.2 5.0 5.1 5.5 5.3 5.3 5.4 4.9 4.8 4.9 4.9 5.6 5.8 5.6 5.7 6.3 6.0 6.4 6.2 6.1 6.1 5% 11% 11% 5% 24% 32% 28% 16% 16% 9% 12% 17% 14% 22% 14% 4% 9% 8% 23% 4% 7% 4% 3% 25% 22% 26% 13% 13% 11% 3% 9% -1% 3% 7% 16% 18% 16% 12% 5% 4% 4% 11% 0% 5% 12% 20% 17% 21% 16% 9% 9% 16% 2% 8% 9% 11% 8% 12% 16% 5% 9% 13% 13% 9% 14% 25% 22% 6% 5% 0% 11% 20% 23% 28% 29% 27% 25% 14% 21% 13% 7% 20% 14% 2% 9% 10% -16% 5% 8% 0% 4% 22% 21% 29% 13% 14% 8% -12% 11% -39% 0% 14% 20% 25% 19% 17% 8% 2% 1% 14% 0% 6% 12% 24% 26% 23% 22% 11% 10% 18% 2% 9% 6% 8% 6% 19% 27% 16% 28% 21% 39% 15% 24% 47% 55% 18% 7% 0% 0% 1% 47% 35% 17% 16% 19% 11% 6% 3% 6% 6% 6% 4% 4% 6% 6% 10% 12% 17% 5% 40% 29% 29% 5% 6% 11% 4% 2% 4% 1% 1% 0% 26% 0% 13% 14% 2% 1% 2% 58% 59% 15% 1% 5% 6% 8% 49% 26% 40% 9% 37% 12% 19% 17% 10% 11% 3% 1% 6% 6% 4% 6% 4% 7% 13% 0.3 2.1 2.1 9.1 0.3 0.2 0.4 1.5 1.3 1.6 1.3 0.5 0.7 0.3 0.6 0.3 0.2 0.4 0.6 0.6 0.7 0.5 0.6 0.3 0.3 1.3 0.7 1.0 1.6 1.8 3.0 4.1 2.6 2.0 0.5 0.6 0.5 0.6 1.6 0.8 0.6 0.7 0.0 0.3 0.2 0.8 1.1 0.8 1.1 0.6 0.3 0.4 0.1 0.2 0.0 0.1 0.1 1.3 0.9 2.9 3.6 1.3 3.0 1.2 1.2 1.3 2.0 2.5 13.7 201.7 6.0 0.0 3.8 5.6 5.5 12.7 12.7 7.5 16.2 8.0 12.7 6.6 12.0 6.3 5.9 8.2 -2.9 12.8 5.0 66.4 14.2 3.3 5.4 0.0 4.4 7.3 10.8 -3.6 9.5 -1.4 280.5 0.0 4.1 3.1 5.7 6.7 9.4 23.9 16.5 6.2 322.0 23.4 2.9 4.8 1.4 7.6 9.4 4.6 8.2 0.0 3.7 10.2 9.8 8.1 2.3 5.7 5.1 6.1 6.5 4.5 2.6 4.9 0.0 0.0 14 13 12 39 37 36 19 20 21 18 18 15 17 16 51 50 49 48 11 10 16 17 18 19 23 24 22 21 18 19 20 17 10 11 13 12 19 21 20 22 18 20 19 21 21 20 19 18 20% 24% 107% -6% -6% -1% 14% 132% -9% -21% 18% -6% 28% 33% -13% 0% 26% -10% 50% -25% -26% -29% -3% -1% 9% 26% 19% 132% -19% -10% 69% -26% 4% 22% 11% 15% -4% -18% 20% 13% 14% 22% -45% 2% 268% 55% 19% 47% 33% -4% 2% 35% 58% 13% 10% 29% 24% 52% 178% 114% 20% 46% 2% -10% 19% 20% 118% -14% 14% 11% 13% 18% 20% 16% 17% 63% 43% 23% 23% 9% 13% 15% 11% 4% -15% 10% 21% 6% 9% 8% 7% 11% 8% 8% 15% 9% 9% 20% 6% 14% 18% 22% 15% 22% 76% 51% 27% 35% 11% 19% 18% 15% 1% -66% 13% 36% 12% 9% 14% 3% 3% -8% 1% 24% 34% 35% 14% 4% 1% 38% 9% 13% 28% 69% 42% 47% 18% 16% 11% 10% 13% 2% 4% 4% 3% 1% 2% 0% 3% 4% 2% 3% 6% 0% 0% 2.4 1.7 1.9 0.5 0.5 0.4 0.5 0.3 0.3 0.2 0.6 0.6 1.0 0.7 0.8 1.3 2.0 1.1 1.3 4.0 2.7 4.1 2.3 3.8 3.1 4.1 4.4 7.8 8.0 6.5 8.7 0.0 5.1 3.4 3.4 4.4 3.5 9.6 16.2 0.0 4.8 4.6 6.1 7.6 164.3 -0.5 0.0 0.0 7.3 3.0 9.0 15.1 24.9 -12.0 49.6 8.4 7.0 2.7 16 17 15 16 15 14 13 51 48 49 50 6 32 30 33 31 51 50 44% 13% -13% 25% 1% -11% -27% 105% 83% -8% -26% 21% 22% 10% 15% -27% -6% -12% 87% 6% 35% 53% 31% 13% 79% 13% 39% 21% 31% 2009 2008 2010 2011 2009 2008 2009 2011 2008 2010 2010 2008 2011 2009 2011 2010 2009 2008 2008 2011 2010 2009 2011 2010 2009 2011 2010 2009 2008 2011 2010 2009 2008 2011 2010 2009 2010 2009 2008 2011 2011 2010 2009 2011 2010 2008 2008 2011 2010 2009 HLC HLC HLG HLG HLG HLG HLY HLY HLY HLY HMC HMC HMC HMC HMH HMH HMH HMH HNM HNM HNM HNM HOM HOM HOM HOT HOT HOT HOT HPB HPB HPB HPC HPC HPC HPC HPG HPG HPG HPG HPR HPR HPS HPS HPS HPS HRC HRC HRC HRC HOSE HOSE HOSE HOSE HOSE HOSE HATSC HATSC HATSC HATSC HOSE HOSE HOSE HOSE HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HOSE HOSE HOSE HOSE HATSC HATSC HATSC HATSC HATSC HATSC HATSC HOSE HOSE HOSE HOSE HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC Nang lvong Nang lvong D%ch D%ch D%ch D%ch Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng D%ch D%ch D%ch D%ch Nguyên v¾t li¾u Nguyên v¾t li¾u Ngun v¾t li¾u Tài Tài Tài Tài Ngun v¾t li¾u Ngun v¾t li¾u Ngun vắt liắu Nguyờn vắt liắu Bat dđng sỏn v xõy dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Nơng nghi¾p Nơng nghi¾p Nơng nghi¾p Nơng nghi¾p 12% 0% 17% 6% 5% 0% 45% 25% 20% 0% 19% 19% 15% 4% 35% 10% 0% 0% 5% 0% 0% 0% 8% 8% 5% 0% 0% 0% 0% 15% 0% 0% 12% 0% 0% 0% 20% 20% 20% 0% 15% 0% 11% 10% 9% 7% 55% 40% 20% 5% 5.9 5.8 6.2 6.3 6.1 5.9 4.5 4.7 4.5 4.6 6.0 5.9 6.1 6.0 5.3 5.2 5.2 5.1 5.3 5.3 5.3 5.3 6.3 6.3 6.4 5.2 5.1 5.0 4.9 5.2 5.0 5.1 5.7 5.4 5.6 5.7 7.2 7.0 6.8 7.2 5.4 5.4 4.5 4.4 4.4 4.4 5.6 5.8 5.7 5.6 2011 2009 2010 2008 2008 2011 2010 2009 2010 2011 2009 2011 2010 2009 2008 2010 2011 2009 2010 2011 2009 2008 2011 2010 2009 2008 2011 2010 2009 2011 2010 2009 2011 2010 2009 2009 2008 2011 2010 2011 2010 2009 2008 2011 2010 2009 2008 HSG HSG HSG HSG HSI HSI HSI HSI HST HST HST HTC HTC HTC HTP HTP HTP HTP HTV HTV HTV HTV HVG HVG HVG HVG HVT HVT HVT IDI IDI IDI INN INN INN KDC KDC KDC KDC KMR KMR KMR KMR KST KST KST KST HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HATSC HATSC HATSC HOSE HOSE HOSE HATSC HATSC HATSC HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HATSC HATSC HATSC HATSC Nguyên v¾t li¾u Nguyên v¾t li¾u Nguyên v¾t li¾u Nguyên v¾t li¾u Nơng nghi¾p Nơng nghi¾p Nơng nghi¾p Nơng nghi¾p D%ch D%ch D%ch D%ch D%ch D%ch D%ch D%ch D%ch D%ch Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Nơng nghi¾p Nơng nghi¾p Nơng nghi¾p Nơng nghi¾p Ngun v¾t li¾u Ngun v¾t li¾u Ngun v¾t li¾u Nơng nghi¾p Nơng nghi¾p Nơng nghi¾p Nguyên v¾t li¾u Nguyên v¾t li¾u Nguyên v¾t li¾u Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Cơng ngh¾ thơng tin Cơng ngh¾ thơng tin Cơng ngh¾ thơng tin Cơng ngh¾ thơng tin 10% 10% 0% 0% 26% 12% 12% 0% 16% 5% 0% 17% 12% 0% 18% 16% 4% 4% 12% 10% 6% 6% 20% 10% 10% 0% 9% 0% 0% 0% 0% 0% 17% 5% 0% 24% 17% 12% 12% 0% 0% 0% 0% 14% 0% 0% 0% 6.8 6.4 6.7 6.3 5.9 5.9 5.8 5.9 4.4 4.4 4.3 5.5 5.4 5.4 4.2 4.5 4.4 4.3 5.4 5.4 5.3 5.3 6.8 6.7 6.6 6.4 5.3 5.3 5.3 6.2 6.1 5.9 5.3 5.2 5.1 6.6 6.5 6.8 6.7 5.8 5.8 5.7 5.4 5.0 5.0 5.0 5.0 5 8% 10% 7% 9% 10% 18% 33% 10% 33% 18% 10% 13% 18% 7% 22% 23% 21% 28% -9% 4% -6% 10% 13% 10% 12% 24% 28% 32% 30% 11% 12% 8% -27% -34% -13% 3% 15% 17% 21% 15% 9% 17% 8% 9% 12% 10% 30% 24% 22% 14% 25% 21% 8% 11% 14% 20% 55% 16% 59% 26% 12% 15% 24% 9% 25% 24% 21% 28% -29% 1% -17% 8% 14% 12% 18% 24% 26% 32% 36% 15% 12% 9% -31% -37% -14% 3% 22% 26% 21% 17% 13% 26% 11% 8% 11% 13% 27% 28% 23% 18% 1% 1% 1% 1% 6% 2% 1% 2% 1% 2% 5% 2% 2% 2% 29% 22% 17% 5% 2% 2% 8% 7% 7% 2% 8% 20% 7% 13% 10% 18% 9% 18% 4% 23% 17% 15% 7% 14% 9% 6% 1% 1% 23% 36% 12% 10% 3% 6% 5% 13% 5.7 4.6 2.0 2.7 1.2 0.7 0.8 1.5 1.2 0.7 2.6 1.8 2.5 2.0 0.2 0.2 0.1 0.1 0.6 0.6 0.7 0.4 1.3 1.5 1.6 0.3 0.1 0.1 0.2 0.9 0.5 0.8 0.2 0.0 0.1 0.2 1.3 1.0 0.3 1.3 1.1 1.3 0.6 0.2 0.2 0.2 0.2 0.4 0.2 0.2 5.9 0.0 8.2 7.4 9.1 0.0 4.0 3.8 2.1 5.2 9.2 5.7 2.3 15.0 1.7 3.2 0.0 0.0 -2.6 33.4 -5.5 10.4 2.0 6.6 7.0 5.5 0.0 0.0 0.0 3.3 7.2 0.0 -1.5 -1.3 -8.1 41.9 7.1 9.0 6.1 4.5 6.1 0.0 10.1 4.4 7.2 5.1 4.8 6.2 10.8 9.8 49 48 11 12 10 49 51 48 50 35 33 36 34 7 10 16 15 14 21 20 19 18 18 17 16 6 10 12 11 27 30 29 28 32% 34% 27% 55% 9% -5% 11% 1% 66% 9% 55% 53% 45% -34% 14% -7% 6% 27% 5% -12% 13% -21% 16% -8% 66% 21% 18% 20% 11% 18% 2% -9% -46% 8% -49% 61% 76% -3% 0% 25% -60% -42% 14% -2% 14% 36% -2% 67% 103% -30% 11% 15% 14% 15% 11% 10% 13% 9% 6% 6% 8% 11% 12% 13% 21% 9% 8% 12% 11% 15% 13% 15% 14% 10% 10% 18% 17% 12% 6% 11% 12% 7% 16% 14% 16% 13% 8% 9% 18% 5% 12% 10% 11% 5% 11% 12% 9% 9% 20% 13% 24% 16% 13% 13% 12% 5% 4% 8% 20% 21% 27% 18% 11% 6% 15% 8% 10% 12% 2% 23% 14% 17% 11% 13% 11% 12% 7% 18% 12% 18% 16% 21% 22% -3% 7% 15% 1% 8% 8% 8% 4% 14% 14% 10% 2% 2% 1% 1% 1% 2% 2% 2% 3% 4% 22% 15% 28% 33% 15% 17% 31% 18% 16% 4% 18% 8% 5% 4% 3% 3% 1% 1% 1% 10% 4% 5% 8% 17% 14% 23% 7% 17% 13% 1% 2% 2% 1% 13% 4% 5% 4% 2.3 1.6 1.7 1.7 5.9 4.6 3.1 4.8 0.5 0.4 0.4 1.4 1.4 1.6 0.2 0.4 0.1 0.4 0.1 0.1 0.1 0.0 1.8 1.7 1.2 0.8 1.2 1.3 2.3 1.7 1.6 2.2 0.9 0.8 0.7 0.7 0.4 0.5 0.3 0.4 0.4 0.4 0.4 0.8 0.8 0.8 0.8 5.2 15.0 7.4 5.4 5.9 4.5 5.5 7.0 12.7 8.5 16.2 2.0 5.8 0.0 4.1 4.8 4.1 7.7 8.7 2.7 8.8 20.9 3.1 6.8 10.8 0.0 4.3 4.6 7.3 5.9 0.0 0.0 4.2 4.8 0.0 7.3 -17.9 11.0 9.0 24.4 5.9 5.8 5.0 15.9 9.6 0.0 0.0 10 6 32 31 30 12 14 15 13 16 17 15 14 52 51 50 42 41 40 16 15 18 17 10 35 34 33 32 67% 38% 73% 2% -3% 18% -6% 42% -4% 0% 38% 52% 11% -42% 4% 32% -26% 0% 18% 5% 13% 13% 76% 44% 3% 95% 38% 20% -12% 16% 34% 150% 42% 45% 36% 5% 18% 120% 26% -11% 114% 12% 29% 1% 19% 11% 33% 2011 2010 2009 2011 2009 2008 2010 2011 2010 2009 2008 2011 2010 2009 2008 2011 2010 2009 2008 KTS KTS KTS L10 L10 L10 L10 L14 L14 L14 L14 L18 L18 L18 L18 L35 L35 L35 L35 HATSC HATSC HATSC HOSE HOSE HOSE HOSE HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC Nụng nghiắp Nụng nghiắp Nụng nghiắp Bat dđng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng 60% 0% 0% 20% 13% 13% 8% 0% 0% 0% 0% 17% 16% 16% 0% 13% 4% 0% 0% 5.2 5.0 5.0 5.9 5.7 5.6 5.8 5.6 5.5 5.4 5.3 6.0 6.0 5.7 5.8 5.2 5.2 5.3 5.1 47% 42% 17% 13% 8% 8% 8% 1% 2% 3% 5% 8% 8% 7% 7% 7% 7% 5% 8% 61% 49% 29% 16% 19% 19% 20% 10% 10% 6% 4% 21% 27% 18% 25% 9% 13% 15% 17% 30% 39% 35% 5% 15% 2% 4% 12% 6% 7% 4% 3% 7% 3% 6% 12% 5% 18% 12% 0.6 0.6 1.3 3.9 2.9 2.1 3.5 10.9 7.4 5.8 4.6 5.8 5.9 5.3 7.7 2.2 2.0 3.2 2.3 1.9 3.4 0.0 2.1 7.4 4.8 6.8 7.7 0.0 0.0 0.0 1.9 4.0 7.6 2.7 3.3 7.1 0.0 0.0 16 15 14 51 49 48 50 15 14 13 12 50 49 48 47 104% 42% 126% 19% 47% 59% 20% -2% 25% 20% -13% 20% 72% -9% 11% -13% -41% 22% 10% 57 Thu Nh¾p Ty suat loi Nam Mã CK Sàn Ngành Ty Suat Trã Co Túc SIZE hi¾n hành túc ho¾c mong von chù sõ doi huu Tính Tuoi cua Thanh Khỗn Ðịn Bay Tài Chính Giá thu nh¾p Cơng Ty Tang (tính theo trvõng nam) 2011 2009 2010 2008 2008 2011 2010 2009 2010 2011 2009 2011 2010 2009 2008 2010 2011 2009 2010 2011 2009 2008 2011 2010 2009 2008 2011 2010 2009 2011 2010 2009 2011 2010 2009 2009 2008 2011 2010 2011 2010 2009 2008 2011 2010 2009 2008 2011 2010 2009 2011 2009 2008 2010 2011 2010 2009 2008 2011 2010 2009 2008 2011 2010 2009 2008 2011 2009 2010 2008 2010 2011 2009 2008 HSG HSG HSG HSG HSI HSI HSI HSI HST HST HST HTC HTC HTC HTP HTP HTP HTP HTV HTV HTV HTV HVG HVG HVG HVG HVT HVT HVT IDI IDI IDI INN INN INN KDC KDC KDC KDC KMR KMR KMR KMR KST KST KST KST KTS KTS KTS L10 L10 L10 L10 L14 L14 L14 L14 L18 L18 L18 L18 L35 L35 L35 L35 L43 L43 L43 L43 L44 L44 L44 L44 HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HATSC HATSC HATSC HOSE HOSE HOSE HATSC HATSC HATSC HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HATSC HATSC HATSC HATSC HATSC HATSC HATSC HOSE HOSE HOSE HOSE HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC Nguyên v¾t li¾u Ngun v¾t li¾u Ngun v¾t li¾u Ngun v¾t li¾u Nơng nghi¾p Nơng nghi¾p Nơng nghi¾p Nơng nghi¾p D%ch D%ch D%ch D%ch D%ch D%ch D%ch D%ch D%ch D%ch Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Nơng nghi¾p Nơng nghi¾p Nơng nghi¾p Nơng nghi¾p Ngun v¾t li¾u Ngun v¾t li¾u Ngun v¾t li¾u Nơng nghi¾p Nơng nghi¾p Nơng nghi¾p Ngun v¾t li¾u Nguyên v¾t li¾u Nguyên v¾t li¾u Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Cơng ngh¾ thơng tin Cơng ngh¾ thơng tin Cơng ngh¾ thơng tin Cơng ngh¾ thơng tin Nơng nghi¾p Nơng nghiắp Nụng nghiắp Bat dđng sỏn v xõy dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng 10% 10% 0% 0% 26% 12% 12% 0% 16% 5% 0% 17% 12% 0% 18% 16% 4% 4% 12% 10% 6% 6% 20% 10% 10% 0% 9% 0% 0% 0% 0% 0% 17% 5% 0% 24% 17% 12% 12% 0% 0% 0% 0% 14% 0% 0% 0% 60% 0% 0% 20% 13% 13% 8% 0% 0% 0% 0% 17% 16% 16% 0% 13% 4% 0% 0% 18% 18% 9% 8% 14% 7% 6% 0% 6.8 6.4 6.7 6.3 5.9 5.9 5.8 5.9 4.4 4.4 4.3 5.5 5.4 5.4 4.2 4.5 4.4 4.3 5.4 5.4 5.3 5.3 6.8 6.7 6.6 6.4 5.3 5.3 5.3 6.2 6.1 5.9 5.3 5.2 5.1 6.6 6.5 6.8 6.7 5.8 5.8 5.7 5.4 5.0 5.0 5.0 5.0 5.2 5.0 5.0 5.9 5.7 5.6 5.8 5.6 5.5 5.4 5.3 6.0 6.0 5.7 5.8 5.2 5.2 5.3 5.1 5.5 5.2 5.3 5.2 5.5 5.5 5.3 5.4 11% 15% 14% 15% 11% 10% 13% 9% 6% 6% 8% 11% 12% 13% 21% 9% 8% 12% 11% 15% 13% 15% 14% 10% 10% 18% 17% 12% 6% 11% 12% 7% 16% 14% 16% 13% 8% 9% 18% 5% 12% 10% 11% 5% 11% 12% 9% 47% 42% 17% 13% 8% 8% 8% 1% 2% 3% 5% 8% 8% 7% 7% 7% 7% 5% 8% 7% 10% 10% 14% 9% 13% 9% 4% 9% 20% 13% 24% 16% 13% 13% 12% 5% 4% 8% 20% 21% 27% 18% 11% 6% 15% 8% 10% 12% 2% 23% 14% 17% 11% 13% 11% 12% 7% 18% 12% 18% 16% 21% 22% -3% 7% 15% 1% 8% 8% 8% 4% 14% 14% 10% 61% 49% 29% 16% 19% 19% 20% 10% 10% 6% 4% 21% 27% 18% 25% 9% 13% 15% 17% 9% 18% 17% 26% 21% 19% 17% 15% 2% 2% 1% 1% 1% 2% 2% 2% 3% 4% 22% 15% 28% 33% 15% 17% 31% 18% 16% 4% 18% 8% 5% 4% 3% 3% 1% 1% 1% 10% 4% 5% 8% 17% 14% 23% 7% 17% 13% 1% 2% 2% 1% 13% 4% 5% 4% 30% 39% 35% 5% 15% 2% 4% 12% 6% 7% 4% 3% 7% 3% 6% 12% 5% 18% 12% 1% 4% 7% 0% 2% 3% 2% 15% 2.3 1.6 1.7 1.7 5.9 4.6 3.1 4.8 0.5 0.4 0.4 1.4 1.4 1.6 0.2 0.4 0.1 0.4 0.1 0.1 0.1 0.0 1.8 1.7 1.2 0.8 1.2 1.3 2.3 1.7 1.6 2.2 0.9 0.8 0.7 0.7 0.4 0.5 0.3 0.4 0.4 0.4 0.4 0.8 0.8 0.8 0.8 0.6 0.6 1.3 3.9 2.9 2.1 3.5 10.9 7.4 5.8 4.6 5.8 5.9 5.3 7.7 2.2 2.0 3.2 2.3 2.9 1.4 1.6 1.8 4.2 3.9 2.7 4.7 5.2 15.0 7.4 5.4 5.9 4.5 5.5 7.0 12.7 8.5 16.2 2.0 5.8 0.0 4.1 4.8 4.1 7.7 8.7 2.7 8.8 20.9 3.1 6.8 10.8 0.0 4.3 4.6 7.3 5.9 0.0 0.0 4.2 4.8 0.0 7.3 -17.9 11.0 9.0 24.4 5.9 5.8 5.0 15.9 9.6 0.0 0.0 1.9 3.4 0.0 2.1 7.4 4.8 6.8 7.7 0.0 0.0 0.0 1.9 4.0 7.6 2.7 3.3 7.1 0.0 0.0 5.9 6.0 4.8 3.4 4.7 1.8 6.4 0.0 10 6 32 31 30 12 14 15 13 16 17 15 14 52 51 50 42 41 40 16 15 18 17 10 35 34 33 32 16 15 14 51 49 48 50 15 14 13 12 50 49 48 47 5 4 67% 38% 73% 2% -3% 18% -6% 42% -4% 0% 38% 52% 11% -42% 4% 32% -26% 0% 18% 5% 13% 13% 76% 44% 3% 95% 38% 20% -12% 16% 34% 150% 42% 45% 36% 5% 18% 120% 26% -11% 114% 12% 29% 1% 19% 11% 33% 104% 42% 126% 19% 47% 59% 20% -2% 25% 20% -13% 20% 72% -9% 11% -13% -41% 22% 10% 2% 13% 1% 23% 40% -3% 13% 0% 2011 2010 2009 L61 L61 L61 HATSC HATSC HATSC Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng 15% 14% 6% 5.7 5.5 5.4 11% 9% 10% 15% 15% 17% 1% 1% 3% 2.9 1.9 1.3 3.1 5.9 6.8 50 49 48 37% 24% 4% 2008 2009 2010 2008 2011 2010 2011 2009 2008 2011 2008 2010 2009 2008 2010 2011 2009 2011 2010 2009 2008 2010 2009 2011 2008 2011 2010 2009 2011 2010 2009 2010 2008 2009 2011 2011 2010 2009 2008 2010 2011 2009 2008 2010 2011 2009 2008 2011 2010 2009 2008 2010 2011 2009 2011 2010 2009 2008 2011 2010 2009 2008 2011 2010 2009 2011 2008 2010 2009 2008 2011 2009 2010 2011 2008 2009 2010 2010 2011 2009 2008 L61 L62 L62 L62 L62 LAF LAF LAF LAF LBE LBE LBE LBE LBM LBM LBM LBM LCD LCD LCD LCG LCG LCG LCG LCS LCS LCS LCS LDP LDP LDP LGC LGC LGC LGC LHC LHC LHC LHC LHG LHG LHG LHG LIG LIG LIG LIG LIX LIX LIX LIX LM3 LM3 LM3 LM7 LM7 LM7 LM7 LM8 LM8 LM8 LM8 LO5 LO5 LO5 LSS LSS LSS LSS LTC LTC LTC LTC LUT LUT LUT LUT MAC MAC MAC MAC HATSC HATSC HATSC HATSC HATSC HOSE HOSE HOSE HOSE HATSC HATSC HATSC HATSC HOSE HOSE HOSE HOSE HATSC HATSC HATSC HOSE HOSE HOSE HOSE HATSC HATSC HATSC HATSC HATSC HATSC HATSC HOSE HOSE HOSE HOSE HATSC HATSC HATSC HATSC HOSE HOSE HOSE HOSE HATSC HATSC HATSC HATSC HOSE HOSE HOSE HOSE HATSC HATSC HATSC HATSC HATSC HATSC HATSC HOSE HOSE HOSE HOSE HATSC HATSC HATSC HOSE HOSE HOSE HOSE HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Nơng nghi¾p Nơng nghi¾p Nơng nghi¾p Nơng nghi¾p D%ch D%ch D%ch D%ch Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Y Te/Dvoc pham Y Te/Dvoc pham Y Te/Dvoc pham Cơng nghi¾p Cơng nghi¾p Cơng nghiắp Cụng nghiắp Bat dđng sỏn v xõy dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Nang lvong Nang lvong Nang lvong Nông nghi¾p Nơng nghi¾p Nơng nghi¾p Nơng nghi¾p Cơng ngh¾ thơng tin Cơng ngh¾ thơng tin Cơng ngh¾ thơng tin Cơng nghắ thụng tin Bat dđng sỏn v xõy dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat dđng sỏn v xõy dnng Cụng nghiắp Cụng nghi¾p Cơng nghi¾p Cơng nghi¾p 0% 19% 16% 7% 6% 14% 12% 6% 6% 20% 15% 8% 6% 15% 13% 6% 3% 12% 0% 0% 20% 18% 10% 5% 20% 0% 0% 0% 15% 10% 0% 24% 17% 15% 0% 55% 55% 0% 0% 25% 10% 0% 0% 18% 15% 0% 0% 50% 30% 0% 0% 13% 6% 0% 8% 0% 0% 0% 17% 12% 0% 0% 12% 12% 0% 35% 35% 17% 8% 12% 10% 5% 0% 21% 11% 7% 0% 5% 0% 0% 0% 5.3 5.3 5.5 5.2 5.5 5.5 5.9 5.3 5.3 4.4 4.3 4.4 4.3 5.2 5.3 5.3 5.3 4.7 4.7 4.8 6.3 6.2 6.1 6.3 5.5 5.3 5.1 4.7 5.2 5.1 4.9 5.6 5.5 5.6 5.6 5.1 5.1 5.1 4.8 6.2 6.3 6.0 5.8 6.0 6.1 5.8 5.7 5.6 5.5 5.5 5.3 5.7 5.9 5.6 5.3 5.3 5.3 5.2 6.0 5.8 5.7 5.8 5.5 5.5 5.5 6.3 5.9 6.2 6.0 5.2 5.4 5.4 5.4 5.5 5.2 5.2 5.3 5.1 5.0 5.0 5.2 2011 2010 2011 2010 2009 2010 2009 2011 2008 2011 2010 2009 2010 2009 2008 2011 MAX MAX MCF MCF MCF MCG MCG MCG MCG MCL MCL MCL MCO MCO MCO MCO HATSC HATSC HATSC HATSC HATSC HOSE HOSE HOSE HOSE HATSC HATSC HATSC HATSC HATSC HATSC HATSC Bat d®ng sán xây dnng Bat dđng sỏn v xõy dnng Cụng nghiắp Cụng nghiắp Cụng nghiắp Bat dđng sỏn v xõy dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng 20% 0% 4.586% 0% 0% 15% 10% 5% 0% 0% 0% 0% 10% 10% 10% 0% 5.3 5.3 5.3 5.2 5.2 6.3 6.0 6.4 5.8 4.6 4.6 4.5 5.5 5.4 5.4 5.5 58 11% 9% 7% 13% 6% 38% 8% 21% 11% 14% 13% 27% 13% 11% 11% 14% 9% 12% 12% 8% 13% 17% 18% 16% 14% 14% 60% 14% 19% 21% 22% 11% 4% 7% 2% 19% 19% 19% 10% 16% 10% 23% 31% 9% 11% 6% 7% 23% 28% 47% 24% 4% 5% 6% 9% 7% 7% 7% 9% 7% 11% 5% 9% 10% 8% 25% 22% 27% 20% 8% 1% 7% 4% 5% 7% 8% 8% 1% 2% 6% 10% 13% 15% 13% 22% 7% 34% 4% 20% 4% 14% 14% 30% 7% 19% 10% 12% 9% 12% 12% 12% 14% 21% 26% 20% 22% 22% 16% 16% 34% 36% 41% 24% 10% 19% 3% 25% 25% 35% 13% 30% 15% 38% 40% 22% 22% 18% 15% 26% 31% 50% 29% 8% 1% 11% 2% 6% 6% 2% 18% 16% 14% 12% 2% 10% 10% 30% 17% 26% 24% 19% 2% 15% 7% 3% 9% 11% 14% -1% 1% 6% 7% 4% 8% 6% 6% 0% 35% 7% 3% 3% 46% 9% 14% 18% 12% 17% 22% 13% 3% 0% 2% 3% 8% 2% 1% 4% 10% 4% 10% 10% 7% 6% 1% 1% 1% 1% 2% 4% 18% 4% 7% 4% 5% 12% 6% 4% 2% 1% 21% 15% 32% 12% 2% 2% 3% 5% 1% 0% 0% 13% 17% 10% 2% 2% 4% 3% 6% 3% 30% 16% 1% 1% 1% 1% 2% 18% 3% 1% 4% 3% 3% 3% 1.0 1.7 2.6 1.9 2.5 0.4 2.1 1.0 1.4 0.3 0.3 0.4 0.2 1.4 0.5 0.5 0.6 1.2 1.4 2.1 0.9 0.6 1.2 0.7 2.9 2.6 2.7 0.9 1.2 1.4 1.3 1.5 1.5 1.7 1.5 1.2 1.0 1.2 0.9 1.9 2.0 1.3 0.6 4.0 5.0 4.3 3.2 0.6 0.5 0.5 0.8 5.4 9.5 3.5 2.7 2.4 2.1 2.0 8.5 5.5 3.3 5.1 3.5 2.8 2.7 0.6 0.2 0.3 0.4 2.0 2.2 2.6 2.5 0.6 1.5 1.6 1.8 0.9 0.5 1.0 1.8 5.7 5.7 6.1 5.0 8.5 2.6 19.5 6.1 14.1 3.0 5.8 3.6 10.9 6.2 9.0 4.5 12.6 2.9 7.9 0.0 2.5 6.2 4.2 4.5 3.1 4.8 0.0 0.0 1.8 1.9 0.0 6.6 7.1 9.0 39.5 2.3 3.9 0.0 0.0 5.6 3.2 0.0 0.0 5.9 2.9 0.0 0.0 4.2 7.7 5.6 0.0 10.2 7.5 0.0 30.0 11.4 0.0 0.0 3.4 6.5 0.0 0.0 9.5 6.5 8.8 7.8 0.0 6.7 0.0 12.3 6.4 10.3 2.6 14.0 0.0 0.0 9.8 -59.2 32.5 12.9 0.0 47 49 50 48 51 25 26 24 23 14 16 17 15 31 30 29 10 29 28 27 32 30 31 33 30 29 28 27 50 51 49 48 39 38 37 36 50 51 49 34 33 32 31 34 33 32 31 35 34 33 31 28 30 29 11 10 24 21 22 23 26 27 25 24 22% -9% 14% 38% 31% 73% -1% -6% -10% -16% 19% 31% 2% 65% 12% 27% 16% 32% -12% -27% 50% 15% 50% 98% 120% 469% 52% 0% 26% 28% 33% 43% 52% 70% -18% -1% 36% 135% 3% 65% -7% -28% 112% 67% 45% 39% 24% 24% 14% 36% 24% -17% 77% 10% 20% 23% 1% 39% 7% 12% -9% 48% -10% 5% 21% 51% 19% 22% -3% 72% -48% 7% -18% 10% 110% 1% 35% -45% 37% -24% 30% 7% 25% 18% 14% 13% 6% 11% 5% 10% -2% 5% 10% 6% 6% 6% 7% 8% 37% 29% 22% 34% 6% 22% 1% 11% -29% 3% 10% 8% 11% 7% 0% 1% 1% 12% 2% 9% 17% 4% 1% 3% 1% 1% 1% 2% 4% 6% 1% 0.6 0.5 2.5 2.4 3.0 1.7 4.0 2.2 4.0 1.2 0.7 1.0 4.7 4.1 4.2 5.1 3.5 4.1 2.7 0.0 0.0 8.1 5.9 95.8 0.0 -1.1 45.0 0.0 9.9 13.4 9.2 111.6 10 54 53 55 52 13 12 11 14 -45% 332% 61% 38% 45% 12% -14% 102% 31% -75% 125% 19% -10% 50% 42% -36% 2011 2010 2009 2008 2011 2010 2009 2008 2011 2010 2009 2009 2008 2010 2011 2008 2011 2010 2009 2010 2011 2009 2008 2011 2008 2009 2010 2011 2010 2009 2008 2011 2010 2009 2011 2010 2009 2008 2009 2011 2010 2008 2009 2011 2010 2008 2008 2009 2011 2010 2011 2010 2009 2008 2011 2010 2009 2008 2009 2008 2011 2010 2008 2011 2010 2009 MCP MCP MCP MCP MDC MDC MDC MDC MDG MDG MDG MEC MEC MEC MEC MHC MHC MHC MHC MHL MHL MHL MHL MIC MIC MIC MIC MIH MIH MIH MIM MIM MIM MIM MKP MKP MKP MKP MKV MKV MKV MKV MMC MMC MMC MMC MPC MPC MPC MPC MSN MSN MSN MSN MTG MTG MTG MTG NGC NGC NGC NGC NPS NPS NPS NPS HOSE HOSE HOSE HOSE HATSC HATSC HATSC HATSC HOSE HOSE HOSE HATSC HATSC HATSC HATSC HOSE HOSE HOSE HOSE HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HOSE HOSE HOSE HOSE HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC Nguyên v¾t li¾u Nguyên v¾t li¾u Nguyên v¾t li¾u Nguyên v¾t li¾u Nang lvong Nang lvong Nang lvong Nang lvong Bat d®ng sãn xây dnng Bat d®ng sãn xây dnng Bat d®ng sãn xây dnng Bat d®ng sãn xây dnng Bat d®ng sãn xây dnng Bat d®ng sãn xây dnng Bat d®ng sãn xây dnng Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Nguyên v¾t li¾u Nguyên v¾t li¾u Nguyên v¾t li¾u Nguyên v¾t li¾u Nguyên v¾t li¾u Nguyên v¾t li¾u Nguyên v¾t li¾u Nguyên v¾t li¾u Nguyên v¾t li¾u Nguyên v¾t li¾u Nguyên v¾t li¾u Y Te/Dvoc pham Y Te/Dvoc pham Y Te/Dvoc pham Y Te/Dvoc pham Y Te/Dvoc pham Y Te/Dvoc pham Y Te/Dvoc pham Y Te/Dvoc pham Nguyên v¾t li¾u Nguyên v¾t li¾u Nguyên v¾t li¾u Nguyên v¾t li¾u Nơng nghi¾p Nơng nghi¾p Nơng nghi¾p Nơng nghi¾p Tài Tài Tài Tài Nang lvong Nang lvong Nang lvong Nang lvong Nơng nghi¾p Nơng nghi¾p Nơng nghi¾p Nơng nghi¾p Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng 16% 14% 10% 10% 20% 12% 0% 0% 0% 0% 0% 26% 12% 4% 0% 12% 0% 0% 0% 28% 0% 0% 0% 37% 17% 10% 0% 10% 10% 0% 0% 0% 0% 0% 30% 20% 0% 0% 7% 6% 6% 0% 20% 12% 0% 0% 15% 14% 0% 0% 0% 0% 0% 0% 4% 0% 0% 0% 15% 12% 8% 0% 80% 15% 12% 0% 5.5 5.4 5.3 5.3 5.9 5.9 5.7 5.7 5.7 5.6 5.6 5.7 5.5 5.9 5.9 5.6 5.4 5.4 5.6 5.0 4.8 4.8 4.3 5.1 4.8 5.0 5.0 5.3 5.2 5.0 5.0 4.8 4.6 4.5 5.7 5.7 5.7 5.6 4.3 4.3 4.4 4.3 4.6 4.7 4.7 4.3 6.4 6.3 6.8 6.6 7.5 7.3 6.8 6.2 5.5 5.4 5.3 5.3 4.8 4.6 5.0 4.9 4.9 4.9 4.9 5.0 2011 2008 2010 2009 2011 2010 2009 2008 2009 2008 2011 2010 2011 2009 2010 2008 2010 2011 2008 2009 2011 2010 2009 2008 2010 2011 2009 2008 2010 2011 2009 NSC NSC NSC NSC NST NST NST NST NTP NTP NTP NTP ONE ONE ONE ONE PGS PGS PGS PGS PGT PGT PGT PGT PHC PHC PHC PHC PHH PHH PHH HOSE HOSE HOSE HOSE HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC Nông nghi¾p Nơng nghi¾p Nơng nghi¾p Nơng nghi¾p Ngun v¾t li¾u Nguyên v¾t li¾u Nguyên v¾t li¾u Nguyên v¾t li¾u Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Cơng ngh¾ thơng tin Cơng ngh¾ thơng tin Cơng ngh¾ thơng tin Cơng ngh¾ thơng tin Nang lvong Nang lvong Nang lvong Nang lvong Cơng nghi¾p Cơng nghiắp Cụng nghiắp Cụng nghiắp Bat dđng sỏn v xõy dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng 40% 24% 10% 8% 18% 18% 18% 18% 48% 32% 20% 20% 10% 10% 5% 5% 39% 23% 16% 5% 7% 5% 0% 0% 15% 8% 0% 0% 10% 8% 0% 5.6 5.3 5.5 5.4 5.6 5.7 5.5 5.3 6.0 5.9 6.2 6.1 5.1 5.0 5.2 4.8 6.4 6.5 5.9 6.1 5.0 5.0 5.0 5.0 5.9 5.8 5.7 5.5 6.0 6.0 5.6 59 19% 13% 12% 16% 18% 13% 10% 9% 6% 12% 12% 5% 12% 7% 9% 4% 8% -9% -4% 8% 8% 19% 14% -12% 16% 16% 14% 10% 22% 17% 3% 5% 11% 20% 19% 20% 20% 21% 17% 19% 17% 19% 11% -5% 13% 28% 17% 20% 12% 14% 10% 14% 12% 29% 6% 3% 6% -1% 10% 16% 12% 6% 8% 11% 9% 6% 20% 14% 10% 15% 39% 46% 28% 23% 3% 15% 18% 23% 21% 16% 13% 0% 1% -46% -25% 6% 5% 27% 12% -21% 12% 20% 14% 9% 53% 28% -2% 7% 13% 23% 19% 19% 17% 18% 13% 1% 12% 9% 16% -7% 10% 25% -4% 23% 18% 24% 16% 25% 14% 38% 2% 1% 6% -11% 23% 30% 17% 19% 27% 18% 13% 21% 4% 4% 13% 1% 6% 19% 21% 32% 14% 8% 9% 3% 8% 6% 2% 8% 10% 5% 3% 20% 22% 21% 14% 2% 2% 9% 3% 1% 1% 2% 0% 2% 8% 15% 3% 5% 7% 3% 5% 6% 12% 4% 3% 1% 9% 21% 4% 7% 17% 19% 29% 16% 16% 6% 1% 4% 2% 1% 2% 1% 1% 1% 2% 11% 5% 23% 0.8 0.8 0.7 0.7 2.8 4.0 2.7 2.8 1.8 1.2 1.7 5.1 3.9 5.2 6.3 1.3 1.5 1.7 2.2 1.0 0.4 1.0 0.6 0.6 1.0 0.8 0.8 4.1 2.6 1.2 1.2 1.2 0.4 0.4 0.4 0.4 0.2 0.2 0.8 0.6 0.9 1.0 0.6 0.3 0.1 0.0 1.4 1.0 3.1 1.9 0.8 0.8 0.4 0.7 1.2 0.9 0.4 0.3 2.7 2.1 5.7 4.5 3.5 1.3 1.3 3.7 3.5 4.7 8.0 4.1 1.9 1.6 3.8 0.0 9.7 0.0 0.0 6.3 4.4 5.2 2.8 1173.3 287.8 -2.5 -3.7 12.4 26.1 4.4 0.0 -3.0 13.5 12.9 15.6 11.4 7.5 0.0 -21.8 17.7 0.0 0.0 6.0 6.4 0.0 0.0 7.5 76.3 17.4 10.4 18.9 -7.7 7.4 7.3 -19.3 9.7 3.7 6.8 23.6 15.9 24.0 0.0 11.5 54.6 10.2 0.0 6.4 3.8 3.0 5.1 3.4 2.5 5.6 6.9 52 51 50 49 29 28 27 26 4 10 13 12 11 27 24 25 26 18 17 16 15 10 19 21 20 18 10 16 17 19 18 10 5 41% 35% -5% 25% 20% 23% 5% 35% -54% 18% 15% -2% 75% 11% 6% -5% -3% -25% -25% 65% -25% 328% 380% 4% 81% 2% 8% 36% 151% 25% 70% 8% 11% 100% 17% 38% 8% 9% 2% 16% 21% 7% 6% -43% 192% -9% 22% 8% 38% 65% 26% 41% 106% 191% 5% 113% 44% 50% -29% 17% 100% -5% -2% 45% -17% -8% 18% 16% 19% 16% 14% 11% 7% 12% 38% 26% 28% 28% 16% 14% 14% 17% 14% 16% 6% 5% 8% 7% 5% 5% 6% 6% 4% 5% 5% 3% 6% 29% 20% 21% 20% 14% 13% 17% 18% 56% 38% 30% 40% 11% 21% 19% 24% 78% 46% 18% 21% 6% 7% 5% 5% 17% 9% 21% 11% 7% -2% 20% 5% 35% 6% 29% 2% 2% 1% 1% 2% 6% 3% 5% 20% 2% 33% 6% 14% 18% 4% 14% 28% 47% 26% 6% 8% 3% 11% 7% 13% 8% 5% 0.7 0.4 0.5 0.5 2.1 2.7 3.3 1.8 0.8 0.8 0.7 0.7 1.1 1.9 1.9 1.1 5.5 3.1 4.0 5.4 0.0 0.1 0.1 0.1 3.3 2.8 8.2 6.9 2.2 2.8 3.1 5.5 4.2 6.5 7.7 3.4 3.0 5.5 3.2 7.7 5.1 4.5 6.6 3.3 5.0 3.1 2.2 1.7 2.6 5.4 9.4 4.8 13.2 16.1 0.0 2.7 4.8 8.8 0.0 5.6 -11.5 0.0 43 40 42 41 15 14 13 12 16 15 18 17 17 15 16 14 10 11 9 10 17 18 16 24% 53% 45% 26% 18% -11% 39% 49% 41% 21% 21% 29% 1% 21% 92% -24% 87% 56% 118% 16% 59% -15% -14% 33% 94% -11% 40% 32% 29% -20% 67% 2008 2011 2010 2009 2008 2011 2010 2009 2008 2010 2008 2009 2011 2011 2010 2009 2008 2008 2010 2011 2009 2011 2008 2010 2009 2008 2010 2011 2009 2011 2010 2009 2008 2011 2010 2009 2008 2008 2009 2010 2011 2010 2011 2009 2008 PHH PHS PHS PHS PHS PJC PJC PJC PJC PLC PLC PLC PLC PMC PMC PMC PMC PMS PMS PMS PMS POT POT POT POT PPG PPG PPG PPG PPP PPP PPP PPP PRC PRC PRC PRC PSC PSC PSC PSC PSI PSI PSI PSI HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC Bat d®ng sán xây dnng Tài Tài Tài Tài Nang lvong Nang lvong Nang lvong Nang lvong Nang lvong Nang lvong Nang lvong Nang lvong Y Te/Dvoc pham Y Te/Dvoc pham Y Te/Dvoc pham Y Te/Dvoc pham Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Cơng ngh¾ thơng tin Cơng ngh¾ thơng tin Cơng ngh¾ thơng tin Cơng ngh¾ thơng tin Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Y Te/Dvoc pham Y Te/Dvoc pham Y Te/Dvoc pham Y Te/Dvoc pham Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Nang lvong Nang lvong Nang lvong Nang lvong Tài Tài Tài Tài 0% 0% 0% 0% 0% 14% 14% 13% 13% 20% 18% 3% 0% 21% 15% 2% 0% 18% 12% 10% 0% 8% 8% 7% 6% 24% 16% 6% 3% 6% 5% 3% 0% 0% 0% 0% 0% 23% 18% 10% 5% 8% 0% 0% 0% 5.4 5.8 5.8 5.7 5.0 5.1 5.0 5.0 4.9 6.4 6.2 6.1 6.5 5.2 5.1 5.0 5.0 5.2 5.2 5.4 5.2 5.8 5.7 5.7 5.7 5.1 5.3 5.4 5.2 4.9 4.7 4.7 4.5 4.7 4.7 4.8 4.5 5.1 5.1 5.3 5.3 6.2 6.1 6.0 5.9 2011 2010 2009 2008 2009 2011 2010 2008 2008 2010 2011 2009 2011 2010 2010 2009 2011 2008 2011 2010 2009 2008 2010 2008 2009 2011 2011 2010 2009 2008 2011 2010 2009 2010 2008 2009 2011 2010 2011 2009 2008 2011 2010 2009 2008 2011 2010 2009 2011 2010 2009 2008 PTI PTI PTI PTI PTM PTM PTM PTM PTS PTS PTS PTS PV2 PV2 PVA PVA PVA PVA PVC PVC PVC PVC PVE PVE PVE PVE PVG PVG PVG PVG PVL PVL PVL PVS PVS PVS PVS PVX PVX PVX PVX QCC QCC QCC QCC QHD QHD QHD QTC QTC QTC QTC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC Tài Tài Tài Tài Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Nang lvong Nang lvong Nang lvong Nang lvong Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat dđng sỏn v xõy dnng Nguyờn vắt liắu Nguyờn vắt liắu Nguyờn vắt liắu Nguyờn vắt liắu Bat dđng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Nang lvong Nang lvong Nang lvong Nang lvong Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Nang lvong Nang lvong Nang lvong Nang lvong Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Nguyên v¾t li¾u Nguyên v¾t li¾u Nguyờn vắt liắu Bat dđng sỏn v xõy dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng 15% 0% 0% 0% 5% 0% 0% 0% 20% 17% 15% 12% 2% 0% 20% 10% 9% 0% 12% 12% 10% 10% 26% 14% 12% 4.5% 15% 11% 3% 0% 0% 0% 0% 35% 24% 5% 0% 20% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 25% 19% 0% 0% 6.2 6.2 6.0 5.9 4.3 4.6 4.3 4.4 5.0 5.2 5.2 5.1 5.8 5.8 6.3 5.7 6.3 5.4 6.2 6.1 5.7 5.6 5.6 5.3 5.4 5.8 6.2 6.1 6.0 5.9 6.0 5.9 5.9 7.2 6.9 7.1 7.4 7.1 7.2 6.8 6.6 4.4 4.5 4.8 4.8 5.1 5.1 5.1 4.9 4.9 4.9 4.8 60 5% -8% 6% 1% -38% 14% 12% 12% 12% 19% 13% 24% 18% 34% 34% 31% 30% 10% 10% 9% 7% 6% 9% 8% 6% 20% 10% 6% 11% 4% 3% 5% 13% 9% 4% 37% 6% 16% 9% 7% 10% 5% -8% 0% 0% 13% -19% 9% 12% -62% 16% 22% 16% 16% 36% 17% 37% 24% 33% 163% 149% 27% 5% 10% 13% 11% 3% 7% 6% 6% 26% 9% 0% 11% 7% 4% 6% 6% 4% 0% 55% 7% 19% 18% 9% 9% 11% -16% 1% 0% 15% 56% 28% 54% 41% 5% 5% 3% 2% 25% 6% 9% 17% 19% 20% 12% 6% 2% 3% 4% 7% 3% 5% 18% 17% 3% 3% 3% 2% 1% 2% 4% 7% 2% 1% 4% 35% 18% 8% 16% 4% 39% 17% 31% 18% 4.3 1.4 1.0 3.3 0.6 1.0 1.3 1.4 1.3 2.1 3.5 1.8 2.0 0.3 5.5 5.6 0.3 0.9 0.9 1.0 1.0 1.2 0.6 0.7 0.6 1.2 0.9 1.4 1.2 1.4 0.8 0.7 0.2 1.0 1.0 0.9 1.3 1.1 1.4 1.0 0.9 1.9 0.9 1.6 1.6 0.0 -2.0 12.4 0.0 0.0 2.9 5.0 3.0 2.1 2.3 1.6 1.3 2.5 2.9 5.2 8.2 0.0 20.8 12.1 2.5 8.7 17.1 8.4 14.7 16.1 2.5 6.2 60.0 7.0 7.6 20.6 13.0 0.0 15.0 710.0 0.0 0.0 3.4 5.3 8.3 5.1 9.8 -1.9 0.0 0.0 15 30 29 28 27 16 14 15 17 30 29 28 27 33 35 36 34 57 54 56 55 16 18 19 17 36 35 34 33 18 17 16 15 10 11 30% -33% 129% 204% 13% 39% 52% 18% 71% 38% 15% 26% 18% 18% 15% 13% 10% 25% 32% 54% 21% 3% -26% 37% -30% 28% 12% -11% -15% 27% 34% 18% -6% 15% -14% 15% 54% 34% 6% 10% 3% 65% -32% 76% 67% 6% 7% 12% 6% -4% 2% 4% 8% 16% 10% 9% 10% 10% 9% 6% 7% 2% 4% 14% 13% 16% 21% 7% 7% 8% 12% 16% 4% 6% 3% 1% 1% 9% 9% 9% 8% 12% 9% 4% 6% 3% 0% 0% 6% 4% 8% 9% 23% 17% 14% 10% 9% 11% 12% 23% 8% -14% 2% 1% 5% 18% 16% 9% 18% 8% 7% 36% 21% 0% 12% 24% 21% 19% 22% 22% 19% 14% 26% 34% 11% 9% 3% 0% -2% 9% 26% 23% 16% 24% 25% 10% 13% 5% -10% -6% 9% 6% 7% 9% 54% 31% 26% 25% 20% 18% 13% 10% 5% 2% 38% 9% 2% 1% 2% 4% 2% 7% 3% 12% 13% 2% 2% 11% 25% 7% 3% 27% 18% 18% 21% 7% 8% 27% 21% 0% 9% 10% 16% 13% 16% 26% 12% 5% 8% 14% 8% 4% 2% 2% 4% 4% 4% 6% 26% 3% 28% 1.4 1.2 1.1 0.8 0.8 0.1 0.1 0.9 0.6 1.3 0.6 1.0 0.5 0.6 10.0 3.0 7.3 4.2 1.4 1.0 0.8 0.7 2.6 2.5 1.3 2.0 2.4 3.1 2.4 1.8 0.7 0.5 0.3 3.9 2.4 2.5 2.8 2.6 3.8 2.1 1.3 0.2 0.5 1.1 1.7 1.6 1.2 2.0 1.3 1.4 2.0 1.5 6.4 0.0 0.0 0.0 -7.6 24.6 127.6 0.0 3.8 6.0 3.6 5.1 5.5 7.1 6.8 5.1 -26.4 6.3 3.0 3.8 5.5 2.5 5.6 5.7 4.3 2.6 1.9 10.3 24.2 0.0 96.7 -90.4 0.0 4.5 5.8 8.4 3.0 8.2 8.6 13.6 0.0 -1.8 -7.5 0.0 0.0 10.2 10.5 0.0 1.5 3.4 3.8 0.0 13 12 11 10 10 10 11 49 48 50 47 21 20 19 18 12 10 11 13 11 10 17 15 16 18 27 28 26 25 43 42 41 39 38 37 36 16% 68% 38% 19% -43% 128% 25% 25% 24% 16% 12% 22% 53% 4% 101% 38% 17% 132% 44% 208% 39% 26% 38% 47% 53% 65% 45% 79% 19% 39% 20% -8% 138% 58% 50% 23% 44% 79% 27% 125% 149% -39% -60% -17% -1% 22% -17% -17% 0% 43% 27% -24% 2011 2010 2009 2008 2010 2008 2009 2011 2010 2009 2008 2011 2008 2010 2009 2011 2011 2009 2010 2010 2008 2011 2009 RAL RAL RAL RAL RCL RCL RCL RCL RHC RHC RHC RHC S12 S12 S12 S12 S74 S74 S74 S91 S91 S91 S91 HOSE HOSE HOSE HOSE HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Nang lvong Nang lvong Nang lvong Nang lvong Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng 39% 20% 20% 17% 37% 21% 10% 5% 20% 20% 20% 15% 15% 12% 10% 0% 15% 15% 3% 16% 16% 12% 6% 6.1 6.1 6.0 6.0 5.4 5.3 5.3 5.4 5.2 5.1 5.1 5.1 5.5 5.6 5.5 5.6 5.5 5.5 5.5 5.1 4.9 5.1 5.0 2011 2010 2009 2008 2008 2009 2011 2010 2010 2009 2008 2011 2009 2008 2011 2010 2009 2008 2010 2011 2010 2008 2009 2011 2008 2010 2009 2011 2011 2010 2009 2009 2011 2010 2008 2011 2010 2009 2011 2010 2009 2008 2010 2011 2009 2008 2010 2009 2011 2008 2011 2008 2010 2009 2011 2010 2008 2009 2011 2010 2009 2008 2010 2011 2009 2008 2011 2010 2009 2008 2011 2009 2010 2008 S99 S99 S99 S99 SAF SAF SAF SAF SAP SAP SAP SAP SAV SAV SAV SAV SCC SCC SCC SCC SCD SCD SCD SCD SCJ SCJ SCJ SCJ SD1 SD1 SD1 SD3 SD3 SD3 SD3 SDG SDG SDG SEB SEB SEB SEB SEC SEC SEC SEC SFC SFC SFC SFC SFI SFI SFI SFI SGC SGC SGC SGC SGT SGT SGT SGT SHI SHI SHI SHI SJ1 SJ2 SJ3 SJ4 SJD SJD SJD SJD HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HOSE HOSE HOSE HOSE HATSC HATSC HATSC HATSC HOSE HOSE HOSE HOSE HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HATSC HATSC HATSC HATSC HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HATSC HATSC HATSC HATSC HOSE HOSE HOSE HOSE Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng D%ch D%ch D%ch D%ch Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Nang lvong Nang lvong Nang lvong Nang lvong Nơng nghi¾p Nơng nghi¾p Nơng nghi¾p Nơng nghi¾p Nang lvong Nang lvong Nang lvong Nang lvong Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Cơng ngh¾ thơng tin Cơng ngh¾ thơng tin Cơng ngh¾ thơng tin Cơng ngh¾ thơng tin Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Nơng nghi¾p Nơng nghi¾p Nơng nghi¾p Nơng nghi¾p Nang lvong Nang lvong Nang lvong Nang lvong 0% 0% 0% 0% 40% 22% 0% 0% 10% 9% 6% 3% 20% 7% 5% 0% 18% 16% 15% 0% 22% 12% 10% 5% 71% 15% 11% 0% 15% 0% 0% 23% 16% 6% 6% 40% 20% 0% 19% 12% 10% 0% 30% 22% 0% 0% 20% 20% 10% 10% 15% 10% 5% 0% 30% 20% 18% 12% 0% 0% 0% 0% 30% 8% 0% 0% 10% 22% 12% 24% 15% 8% 0% 0% 5.4 5.3 5.2 5.1 4.8 5.0 5.1 5.0 4.5 4.4 4.3 4.4 5.8 5.8 5.8 5.7 4.7 4.7 4.6 4.7 5.3 5.2 5.3 5.4 5.3 5.7 5.6 5.8 5.6 5.8 5.6 5.6 5.8 5.7 5.6 5.3 5.3 5.3 5.5 5.6 5.6 5.6 5.6 5.8 5.4 5.2 5.4 5.4 5.3 5.1 5.6 5.5 5.6 5.5 5.2 5.1 4.9 5.1 6.4 6.4 6.3 6.1 6.0 6.2 5.9 5.8 5.2 5.0 5.0 4.9 6.0 6.0 6.0 6.1 61 15% 11% 9% 12% 25% 17% 33% 16% 7% 16% 18% 18% 6% 6% 6% 4% 9% 7% 9% 10% 9% 9% 9% 13% 8% 9% 12% 34% 33% 53% 17% 7% 19% 17% 16% 12% 12% 14% 4% 15% 31% 20% 12% 7% 3% 17% 12% 3% 12% 6% 8% 0% 10% 2% 12% 11% 8% 9% 5% 1% 1% 1% 7% 5% 7% 19% 4% 14% 5% 2.1 1.7 1.5 1.2 0.7 2.7 0.8 0.8 1.0 0.6 0.8 0.7 4.4 4.1 4.0 5.6 1.9 3.8 1.7 2.0 3.0 2.3 3.2 4.1 6.7 9.0 4.6 3.2 2.6 3.5 2.3 10.2 5.8 5.8 3.3 7.2 8.9 17.1 9.1 1.9 7.7 4.4 4.9 11.0 9.6 14.0 50 49 48 47 21 19 20 22 28 30 29 31 12 10 13 11 28% 30% 25% 6% 2% 45% 21% 2% -35% 12% -5% 89% -21% -10% -1% -5% -32% -8% 32% 10% 71% -7% -5% 9% 13% 24% 20% 23% 19% 18% 18% 5% 9% 8% 4% 5% 7% 3% 6% 15% 11% -2% -7% 15% 19% 22% 14% 25% 10% 16% 5% 6% 4% 4% 10% 2% 7% 8% 21% 23% 23% 15% 12% 11% 11% 20% 25% 17% 27% 32% 23% 19% 22% 10% 16% 11% 12% 37% 16% 19% 18% 0% 3% 4% 7% 20% 12% 15% 13% 10% 13% 13% 22% 18% 15% 12% 12% 0% 15% 29% 32% 27% 30% 25% 26% 8% 12% 9% 5% 5% 5% 3% 3% 16% 12% -3% -11% 17% 20% 24% 13% 24% 14% 22% 7% 8% 15% 18% 14% -4% 5% 9% 29% 34% 38% 20% 17% 13% 14% 31% 46% 25% 28% 34% 33% 17% 20% 15% 28% 17% 22% 40% 20% 22% 23% -19% 4% 11% 11% 23% 5% 17% 12% 13% 13% 14% 19% 16% 24% 14% 10% 5% 1% 7% 8% 17% 34% 22% 19% 0% 5% 6% 39% 22% 15% 11% 17% 32% 4% 4% 4% 42% 21% 41% 52% 4% 2% 8% 1% 0% 1% 1% 9% 4% 17% 15% 3% 7% 1% 16% 17% 11% 0% 15% 3% 7% 3% 22% 32% 34% 5% 41% 38% 32% 27% 7% 7% 15% 12% 2% 0% 22% 1% 8% 4% 3% 6% 4% 5% 42% 31% 0% 0% 0% 0% 0.7 0.6 0.8 1.6 0.5 1.0 0.7 0.8 1.0 0.5 0.4 0.8 1.0 1.0 1.2 0.8 0.2 0.2 0.2 0.4 0.3 0.4 0.4 0.4 0.1 0.9 0.9 1.0 3.5 6.3 11.6 1.1 1.2 0.8 0.8 1.3 1.3 1.6 1.0 1.4 1.6 1.7 1.1 1.8 0.7 0.1 0.4 0.8 0.2 0.6 1.1 1.1 1.0 0.9 0.2 0.5 0.2 0.4 2.7 1.9 1.7 0.8 1.7 2.8 2.7 3.4 0.7 0.4 0.4 0.2 0.8 1.3 1.0 2.1 155.0 6.4 8.5 4.1 4.3 7.1 2.7 6.9 10.3 9.1 7.6 7.1 27.8 9.9 20.7 35.0 6.5 5.9 -20.4 -1.5 9.1 5.3 6.6 4.5 2.7 4.3 3.7 3.3 3.1 8.1 0.0 10.0 -4.2 7.8 3.0 7.6 4.0 4.2 4.1 6.2 11.1 0.0 5.7 3.1 0.0 0.0 4.5 6.0 9.3 9.7 3.3 2.7 5.4 5.9 2.2 7.6 3.3 6.6 -5.0 26.3 20.2 20.2 4.4 7.8 12.2 0.0 8.0 7.6 7.4 3.2 3.9 5.2 6.1 11.4 13 12 11 10 13 14 16 15 33 32 31 34 24 23 26 25 17 16 18 19 33 31 32 34 50 52 51 53 18 16 15 16 18 17 15 23 22 21 13 14 12 11 10 11 13 10 12 11 51 50 48 49 12 13 11 10 23 22 21 20 13 11 12 10 15% -26% 47% 5% 23% -13% 18% 20% 0% 11% -21% 16% -20% 21% 18% -3% 22% 14% -32% -1% 18% 14% 14% 12% 37% 2% 11% -3% -19% 12% -3% 21% -49% 17% 4% 21% 19% 18% 21% -11% 2% 100% 53% 87% 5% 20% 32% -8% 23% 50% 15% 23% 47% 3% 22% 47% -8% 1% -86% 6% -56% 1% 36% 35% 26% 11% 24% 24% -3% 13% 35% 17% -24% -1% 2008 2009 2011 2010 SJS SJS SJS SJS HOSE HOSE HOSE HOSE Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng 30% 15% 10% 5% 6.2 6.5 6.7 6.7 2011 2010 2009 2010 2008 2009 2011 2010 2011 2009 2008 2011 2010 2009 2008 2011 2010 2009 2008 2009 2008 2011 2010 2008 2011 2009 2010 2010 2011 2008 2009 2010 2011 2009 2008 2011 2010 2009 2011 2010 2008 2009 2011 2010 2009 2008 2011 2010 2009 2011 2008 2010 2009 2011 2009 2008 2010 2010 2011 2009 2009 2008 2010 2011 2010 2011 2009 2008 2011 2008 2010 2009 2011 2010 2009 2011 2008 2010 2009 SMA SMA SMA SMC SMC SMC SMC SPM SPM SPM SPM SRC SRC SRC SRC SRF SRF SRF SRF SSC SSC SSC SSC SSI SSI SSI SSI ST8 ST8 ST8 ST8 STG STG STG STG STT STT STT SVC SVC SVC SVC SVI SVI SVI SVI SVT SVT SVT SZL SZL SZL SZL TAC TAC TAC TAC TAG TAG TAG TBC TBC TBC TBC TCL TCL TCL TCL TCM TCM TCM TCM TCO TCO TCO TCR TCR TCR TCR HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HATSC HATSC HATSC HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE D%ch D%ch D%ch Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Y Te/Dvoc pham Y Te/Dvoc pham Y Te/Dvoc pham Y Te/Dvoc pham Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Nơng nghi¾p Nơng nghi¾p Nơng nghi¾p Nơng nghi¾p Tài Tài Tài Tài D%ch D%ch D%ch D%ch Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p D%ch D%ch D%ch D%ch Nguyên v¾t li¾u Nguyên v¾t li¾u Nguyên v¾t li¾u Nguyên v¾t li¾u D%ch D%ch D%ch Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng D%ch D%ch D%ch Nang lvong Nang lvong Nang lvong Nang lvong Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng 9% 0% 0% 18% 17% 12% 11% 16% 0% 0% 0% 15% 12% 0% 0% 40% 35% 7% 0% 18% 18% 17% 8% 30% 10% 10% 5% 35% 15% 15% 0% 17% 13% 0% 0% 0% 0% 0% 15% 15% 13% 8% 25% 25% 10% 0% 0% 0% 0% 20% 15% 10% 10% 20% 20% 20% 14% 40% 0% 0% 21% 12% 9% 6% 25% 20% 0% 0% 15% 14% 5% 0% 10% 2% 0% 6% 6% 4% 4% 2011 2010 2009 2008 2009 2010 2008 2011 2011 2010 2009 2008 2011 TDC TDC TDC TDC TDH TDH TDH TDH TDW TDW TDW TDW TET HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HATSC Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng D%ch D%ch D%ch D%ch Nguyên v¾t li¾u 40% 0% 0% 0% 30% 25% 20% 10% 12% 0% 0% 0% 22% 62 11% 29% -1% 15% 10% 40% -4% 21% 1% 24% 1% 4% 0.4 0.7 1.7 1.0 18.1 4.5 -27.4 13.0 -56% 255% -86% -9% 5.9 5.8 5.6 6.4 5.9 6.2 6.4 6.0 6.0 5.7 5.6 5.8 5.8 5.8 5.7 5.9 5.8 5.8 5.7 5.4 5.2 5.5 5.4 6.7 6.8 6.8 6.9 5.5 5.5 5.4 5.5 5.2 5.2 5.2 5.1 5.1 5.1 5.1 6.4 6.4 6.1 6.3 5.6 5.5 5.3 5.1 5.2 5.1 5.1 6.0 5.8 5.9 5.9 6.0 5.8 5.8 6.0 5.4 5.6 5.1 5.9 5.9 5.9 5.9 5.8 6.0 5.7 5.5 6.3 6.1 6.3 6.2 5.4 5.3 5.3 6.2 6.1 6.0 6.1 6% 7% 8% 8% 18% 7% 10% 16% 8% 17% 16% 8% 11% 25% 9% 11% 11% 9% 11% 25% 22% 24% 25% 5% 2% 14% 10% 20% 16% 31% 29% 25% 18% 18% 30% 7% 12% 7% 10% 7% 19% 8% 18% 17% 17% 15% 6% 10% 13% 6% 19% 9% 7% 8% 10% 9% 13% 20% 23% 35% 16% 21% 6% 10% 24% 18% 25% 28% 12% 9% 18% 13% 12% 12% 12% 10% 10% 10% 4% 11% 3% 20% 15% 28% 23% 13% 22% 10% 26% 6% 1% 6% 42% 1% 17% 15% 13% 6% 29% 22% 25% 24% 7% 2% 17% 13% 22% 16% 37% 33% 29% 26% 26% 29% 9% 10% 9% 11% 12% 12% 14% 34% 49% 38% 25% 3% 10% 18% 10% 43% 12% 9% 7% 9% 4% 24% 20% 28% 40% 17% 20% 5% 9% 32% 26% 31% 28% 16% 2% 29% 9% 8% 10% 12% 12% 6% 10% 1% 2% 5% 6% 6% 24% 4% 10% 1% 1% 1% 0% 2% 5% 7% 1% 23% 29% 8% 11% 38% 26% 22% 24% 29% 30% 37% 34% 11% 25% 9% 16% 27% 32% 32% 7% 17% 16% 17% 4% 5% 4% 9% 20% 7% 14% 9% 0% 1% 2% 6% 7% 10% 17% 10% 21% 12% 13% 49% 10% 24% 25% 17% 1% 6% 15% 8% 21% 20% 5% 5% 7% 8% 2% 1% 9% 12% 7% 10% 4% 6.9 0.9 3.5 3.5 1.9 4.0 3.2 0.6 0.8 1.0 1.1 2.1 1.4 1.4 2.9 1.2 0.9 1.2 0.7 0.3 0.2 0.4 0.3 0.5 0.3 0.5 0.6 0.4 0.2 0.6 0.4 0.4 0.6 0.6 0.5 0.5 0.3 0.5 2.5 2.0 1.7 1.4 1.7 2.6 2.0 1.9 0.4 0.3 0.5 1.1 2.2 0.6 0.7 1.9 1.2 1.2 1.6 0.4 0.6 0.5 0.1 0.1 0.1 0.1 0.7 1.1 0.5 0.3 1.8 2.8 1.8 2.2 0.5 0.5 0.6 1.3 0.9 0.7 1.0 2.6 4.6 0.0 4.3 3.2 5.5 2.6 6.1 11.1 0.0 0.0 43.6 23.2 6.7 0.0 2.7 5.3 6.1 0.0 10.7 5.9 7.1 5.5 15.2 60.4 15.4 13.8 5.4 3.9 3.7 5.1 6.2 5.6 0.0 0.0 8.8 0.0 0.0 9.8 8.7 3.1 10.6 1.6 2.5 5.2 6.1 18.2 0.0 0.0 5.1 6.0 6.4 16.5 16.1 16.6 37.8 5.8 5.2 3.5 0.0 9.5 5.0 23.1 8.4 5.5 3.4 8.1 0.0 3.3 29.6 5.1 12.2 9.9 11.4 0.0 2.5 7.3 5.4 76.2 36 35 34 22 20 21 23 22 23 21 20 51 50 49 48 34 33 32 31 33 32 35 34 11 10 16 17 14 15 35 36 34 33 25 24 23 19 18 16 17 36 35 34 33 35 34 33 34 32 31 33 38 37 39 40 44 41 43 42 26 25 24 17 14 16 15 -2% -1% -10% 30% 41% 25% 30% 37% -8% 20% 8% 5% 5% 19% 3% 15% 30% 2% -2% 28% 30% 23% 21% -22% -44% 6% 34% 3% -13% 35% 0% 38% -28% -26% 8% -16% 12% -4% 47% 36% 21% 45% 21% 40% 2% 43% 2% 29% 81% 1% -7% 67% -66% 36% -11% 16% 24% 40% 25% 25% -15% 44% -37% 33% 51% 17% 50% 103% 16% -3% 68% 10% 7% 26% 27% 19% -6% 29% -14% 6.4 6.2 6.0 5.9 6.3 6.4 6.2 6.4 5.5 5.5 5.4 5.4 5.0 10% 8% 10% 9% 19% 15% 22% 7% 9% 9% 6% 5% 33% 15% 26% 26% 37% 24% 18% 21% 2% 18% 17% 10% 10% 31% 2% 2% 11% 9% 5% 4% 7% 2% 4% 0% 1% 2% 12% 1.2 3.8 2.7 5.1 0.4 0.6 0.4 0.6 1.8 1.6 1.6 1.6 0.2 3.0 5.6 0.0 0.0 5.5 5.1 3.4 9.7 3.1 4.0 0.0 0.0 5.3 17 18 16 19 20 19 18 17 54 192% 13% 4% 55% -20% 16% 218% -4% 16% 52% 17% 23% 8% 2010 2009 2011 2010 2009 2008 2011 2010 2009 2008 2011 2010 2009 2011 2010 2009 2008 2011 2009 2010 2008 2010 2011 2009 2008 2008 2011 2010 2009 2010 2011 2009 2008 2010 2008 2011 2009 2010 2011 2009 2008 2011 2010 2009 2008 2008 2011 2010 2009 2008 2009 2011 2010 2010 2011 2009 2008 2008 2009 2011 2010 2010 2011 2009 2008 TET TET THB THB THB THB THG THG THG THG THV THV THV TIC TIC TIC TIC TIE TIE TIE TIE TIX TIX TIX TIX TJC TJC TJC TJC TKC TKC TKC TKC TKU TKU TKU TKU TLG TLG TLG TLG TLH TLH TLH TLH TLT TLT TLT TLT TMC TMC TMC TMC TMP TMP TMP TMP TMS TMS TMS TMS TMT TMT TMT TMT HATSC HATSC HATSC HATSC HATSC HATSC HOSE HOSE HOSE HOSE HATSC HATSC HATSC HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE Nguyên v¾t li¾u Nguyên v¾t li¾u Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat dđng sỏn v xõy dnng Nụng nghiắp Nụng nghiắp Nụng nghi¾p Nang lvong Nang lvong Nang lvong Nang lvong D%ch D%ch D%ch D%ch Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Nguyên v¾t li¾u Nguyên v¾t li¾u Nguyên v¾t li¾u Nguyên v¾t liắu Bat dđng sỏn v xõy dnng Bat dđng sỏn xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng D%ch D%ch D%ch D%ch Nang lvong Nang lvong Nang lvong Nang lvong Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p 0% 0% 15% 12% 11% 0% 6% 0% 0% 0% 0% 0% 0% 15% 7% 0% 0% 15% 10% 5% 0% 30% 25% 18% 0% 28% 5% 0% 0% 10% 0% 0% 0% 10% 5% 0% 0% 18% 10% 0% 0% 10% 5% 0% 0% 15% 0% 0% 0% 27% 18% 17% 16% 13% 6% 5% 0% 20% 12% 10% 0% 25% 11% 0% 4.9 4.9 5.5 5.5 5.5 5.6 5.6 5.6 5.6 5.5 6.4 6.5 6.4 5.4 5.4 5.3 5.3 5.5 5.4 5.5 5.3 6.0 6.0 6.1 6.0 5.2 5.4 5.4 5.4 5.7 5.6 5.0 5.6 5.8 5.8 5.8 5.8 5.9 6.0 5.8 5.7 6.2 6.2 6.2 5.7 5.6 5.5 5.5 5.5 5.3 5.4 5.5 5.6 5.5 5.5 5.5 5.6 5.4 5.7 5.8 5.8 5.9 5.8 6.0 6.1 2011 2010 2009 2011 2009 2008 2010 2008 2011 2009 2010 2011 2009 2008 2010 2011 2008 2010 2009 2009 2010 2011 2008 2010 2009 2008 2011 2011 2009 2008 2010 2008 TMX TMX TMX TNA TNA TNA TNA TNC TNC TNC TNC TNG TNG TNG TNG TPC TPC TPC TPC TPH TPH TPH TPH TPP TPP TPP TPP TRA TRA TRA TRA TRC HATSC HATSC HATSC HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HATSC HATSC HATSC HATSC HOSE HOSE HOSE HOSE HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HOSE HOSE HOSE HOSE HOSE D%ch D%ch D%ch D%ch D%ch D%ch D%ch D%ch Nơng nghi¾p Nơng nghi¾p Nơng nghi¾p Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Nguyên v¾t li¾u Nguyên v¾t li¾u Nguyên v¾t li¾u Nguyên v¾t li¾u D%ch D%ch D%ch D%ch Nguyên v¾t li¾u Nguyên v¾t li¾u Nguyên v¾t li¾u Nguyên v¾t li¾u Y Te/Dvoc pham Y Te/Dvoc pham Y Te/Dvoc pham Y Te/Dvoc pham Nơng nghi¾p 12% 12% 0% 20% 20% 15% 5% 15% 10% 10% 3% 26% 16% 16% 6% 15% 7% 0% 0% 10% 6% 0% 0% 14% 11% 10% 5% 30% 16% 6% 0% 40% 5.3 5.3 5.3 5.8 5.3 5.8 5.7 5.5 5.5 5.4 5.4 5.9 5.5 5.6 5.7 6.0 5.5 5.6 5.6 4.8 4.8 4.7 4.7 5.2 5.1 4.9 5.3 5.9 5.6 5.6 5.8 5.8 63 14% 12% 15% 15% 11% 8% 9% 16% 14% 6% 0% 9% 6% 12% 6% 13% 12% 13% 14% 21% 17% 16% 15% 11% 7% 18% 9% 14% 5% 8% 7% 5% 4% 8% 7% 4% 18% 17% 18% 17% 15% 17% 14% 17% 4% -20% 9% 9% 7% 20% 15% 14% 11% 9% 9% 7% -20% 17% 9% 10% 5% 15% 7% 21% 20% 14% 13% 15% 18% 11% 11% 14% 29% 42% 12% -74% 7% 0% 12% 6% 16% 13% 13% 18% 16% 15% 19% 17% 16% 12% 25% 0% 7% 8% 16% 6% 3% 11% 4% 1% -11% 25% 18% 17% 14% 13% 4% 7% 18% 8% -844% 3% 22% 7% 26% 31% 14% 16% 22% 3% 7% -844% 14% 11% 11% 12% 12% 1% 36% 48% 3% 2% 8% 8% 6% 3% 4% 8% 14% 8% 0% 2% 2% 0% 0% 0% 4% 7% 13% 6% 17% 21% 25% 12% 6% 10% 8% 4% 4% 15% 7% 16% 4% 12% 7% 4% 13% 5% 9% 8% 50% 5% 2% 2% 6% 1% 1% 5% 6% 5% 6% 6% 5% 5% 1% 6% 1% 10% 12% 9% 8% 6% 1% 2% 3% 0.2 0.2 0.5 0.7 1.1 1.3 2.0 2.0 2.9 2.6 5.2 3.9 5.7 0.0 0.0 0.3 0.3 0.2 0.3 0.3 0.2 1.1 0.9 1.4 1.6 2.0 1.8 1.7 3.1 2.3 1.7 2.1 4.7 1.3 1.7 1.5 1.3 0.9 1.0 0.6 0.6 1.0 1.2 0.0 0.0 30.2 16.2 14.7 19.8 1.4 1.7 1.4 1.8 14.7 16.2 19.8 30.2 0.2 0.3 0.4 0.5 1.0 0.9 2.3 5.5 18.7 0.0 4.0 6.0 10.8 8.3 3.5 0.0 0.0 0.0 -0.7 19.0 0.0 7.6 12.0 8.2 0.0 2.2 5.0 4.9 0.0 3.3 5.0 7.3 14.8 3.1 42.0 8.4 10.6 4.6 4.3 10.2 0.0 19.2 312.5 -3.8 3.9 6.0 2.8 0.0 0.0 9.0 11.2 0.0 0.0 -0.4 68.8 28.9 89.2 2.2 3.6 3.6 8.3 30.2 7.4 7.4 0.0 9.2 8.2 9.2 8.0 7.5 124.5 0.0 0.0 53 52 22 21 20 19 34 33 32 31 15 14 13 21 19 20 18 29 30 28 27 12 11 10 11 12 10 29 30 28 27 18 17 16 15 13 14 16 15 16 17 15 14 25 26 28 27 34 35 33 32 -13% -24% -10% -1% 3% 12% 4% 8% 164% 34% -42% -31% 152% 20% -1% -22% 11% 19% 1% 10% -48% 47% -30% 25% 4% 106% 6% 31% -22% 5% 11% -10% 128% -11% 12% 26% 5% 30% 28% 27% 20% -1% 28% 87% 18% -38% 8% -8% 64% 26% -12% 25% 39% -40% 40% 29% 118% 29% -3% 17% 41% -24% -39% -14% 124% 8% 7% 7% 20% 24% 13% 9% 25% 20% 3% 13% 13% 13% 14% 12% 6% 7% 13% 25% 5% 3% 0% 7% 10% 8% 14% 13% 18% 19% 18% 18% 8% 16% 15% 15% 32% 15% 17% 15% 23% 19% 4% 12% 11% 20% 24% 16% 11% -23% 11% 19% 8% 5% 0% 9% 12% 14% 13% 14% 23% 19% 18% 19% 39% 42% 64% 67% 8% 2% 7% 17% 41% 23% 7% 7% 7% 4% 3% 5% 38% 10% 12% 8% 1% 4% 23% 2% 14% 19% 7% 17% 5% 1% 3% 5% 23% 1.8 1.7 1.6 1.7 11.4 1.9 1.8 0.1 0.1 0.2 0.1 2.8 2.9 3.9 2.4 1.9 0.3 0.1 0.1 1.5 1.5 1.0 1.1 2.2 2.9 2.1 2.7 1.0 0.5 0.4 0.7 0.3 5.3 9.7 7.5 3.3 3.7 4.0 3.6 3.2 6.1 18.8 9.3 3.2 7.5 3.3 6.3 3.9 -1.7 5.9 4.2 11.0 14.8 109.0 8.9 4.2 7.0 5.6 3.0 5.0 10.3 7.3 8.7 3.7 18 17 16 16 14 17 15 20 19 17 18 32 30 29 31 27 24 26 25 13 14 15 12 33 32 31 34 39 37 36 38 27 18% 10% 13% 53% 50% 24% -21% -20% 6% 10% -6% 84% -23% 79% 32% 63% 57% 9% -10% -1% -6% 11% -1% 44% 35% 15% 32% 24% -4% 46% 15% 12% 2011 2010 2009 2011 2010 2009 2008 2011 2010 2009 2010 2008 2009 2011 2008 2010 2011 2009 2010 2008 2011 2009 2010 2009 2008 2011 2008 2009 2011 2010 2011 2010 2009 2008 2011 2010 2009 2008 2011 2009 2010 TRC TRC TRC TS4 TS4 TS4 TS4 TSB TSB TSB TSC TSC TSC TSC TST TST TST TST TTC TTC TTC TTC TTF TTF TTF TTF TTP TTP TTP TTP TV1 TV1 TV1 TV1 TV2 TV2 TV2 TV2 TV3 TV3 TV3 HOSE HOSE HOSE HOSE HOSE HOSE HOSE HATSC HATSC HATSC HOSE HOSE HOSE HOSE HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HATSC HATSC HATSC HATSC HATSC HATSC HATSC Nông nghi¾p Nơng nghi¾p Nơng nghi¾p Nơng nghi¾p Nơng nghi¾p Nơng nghi¾p Nơng nghi¾p Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Nơng nghi¾p Nơng nghi¾p Nơng nghi¾p Nơng nghi¾p Cơng ngh¾ thơng tin Cơng ngh¾ thơng tin Cơng ngh¾ thơng tin Cơng nghắ thụng tin Bat dđng sỏn v xõy dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Nguyên v¾t li¾u Nguyên v¾t li¾u Nguyên v¾t li¾u Nguyên v¾t liắu Bat dđng sỏn v xõy dnng Bat dđng sỏn xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng 30% 20% 5% 19% 16% 11% 11% 20% 0% 0% 20% 20% 12% 10% 22% 17% 15% 5% 5% 5% 0% 0% 10% 10% 10% 0% 27% 25% 20% 20% 0% 0% 0% 0% 20% 12% 10% 0% 20% 10% 0% 6.2 6.0 5.9 5.8 5.7 5.6 5.4 5.4 5.3 5.2 5.9 5.9 6.0 6.0 5.3 5.7 5.5 5.4 5.2 5.3 5.2 5.2 6.4 6.3 6.2 6.5 5.7 5.7 5.8 5.8 6.1 5.9 5.8 5.8 5.5 5.5 5.4 5.4 5.2 5.1 5.2 2011 2010 2009 2008 2011 2010 2009 2009 2008 2011 2010 2011 2010 2009 2008 2011 2010 2009 2008 2008 2011 2009 2010 2010 2011 2009 2008 2010 2009 2011 2008 2010 2011 2009 2008 2010 2011 2009 2011 2010 2009 2008 2011 2010 2009 2011 2010 2009 2011 2010 2008 2009 2011 2010 2009 2008 TV4 TV4 TV4 TV4 TVD TVD TVD TXM TXM TXM TXM TYA TYA TYA TYA UDC UDC UDC UDC UIC UIC UIC UIC UNI UNI UNI UNI V11 V11 V11 V11 V12 V12 V12 V12 V15 V15 V15 V21 V21 V21 V21 VAT VAT VAT VBC VBC VBC VBH VBH VBH VBH VC1 VC1 VC1 VC1 HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Nang lvong Nang lvong Nang lvong Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat dđng sỏn v xõy dnng Cụng nghắ thụng tin Cơng ngh¾ thơng tin Cơng ngh¾ thơng tin Cơng nghắ thụng tin Bat dđng sỏn v xõy dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Cơng ngh¾ thơng tin Cơng ngh¾ thơng tin Cơng ngh¾ thơng tin Ngun v¾t li¾u Ngun v¾t li¾u Nguyên v¾t li¾u Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng 0% 0% 0% 0% 18% 0% 0% 6% 3% 3% 0% 0% 0% 0% 0% 8% 0% 0% 0% 25% 15% 14% 4% 10% 5% 0% 0% 22% 15% 0% 0% 27% 3% 0% 0% 25% 0% 0% 14% 0% 0% 0% 5% 0% 0% 15% 10% 0% 10% 6% 5% 3% 18% 18% 0% 0% 5.4 5.3 5.2 5.1 6.2 6.1 6.0 5.4 5.3 5.5 5.4 5.8 5.9 5.8 5.8 6.2 6.2 6.0 5.9 5.6 5.8 5.7 5.7 5.2 5.2 5.1 5.0 5.8 5.8 5.8 5.7 5.8 5.9 5.7 5.5 5.5 5.6 5.6 5.6 5.7 5.6 5.5 4.5 4.5 4.3 5.3 5.1 5.0 4.6 4.6 4.7 4.6 5.9 5.9 5.8 5.8 64 39% 29% 21% 11% 10% 8% 4% 7% 16% 12% 14% 16% 11% 13% 7% 6% 8% 7% -4% 8% 7% 3% 10% 5% 9% 9% 18% 21% 13% 16% 7% 9% 4% 9% 10% 8% 9% 9% 12% 14% 13% 42% 36% 24% 10% 11% 16% 6% 1% 22% 19% 8% 39% 15% 16% 9% 17% -5% 13% -27% 11% 5% 0% 8% 4% 3% 2% 16% 18% 13% 17% 14% 16% 23% 23% 22% 22% 24% 22% 25% 33% 30% 46% 42% 31% 1% 0% 4% 1% 1% 1% 4% 12% 5% 8% 14% 7% 2% 3% 4% 2% 1% 3% 6% 1% 0% 2% 1% 20% 27% 18% 7% 5% 9% 5% 7% 13% 13% 31% 41% 14% 18% 9% 0.2 0.4 0.3 1.9 1.3 1.1 0.6 2.4 2.7 3.2 3.4 4.0 3.8 3.6 1.0 3.2 1.7 1.3 2.0 1.7 1.9 1.5 2.7 2.2 1.6 3.7 1.6 0.2 0.2 0.3 3.9 2.9 3.8 4.2 3.0 2.9 2.7 2.5 0.2 2.1 2.1 2.0 7.8 11.4 3.8 8.7 12.5 7.6 24.4 0.0 0.0 10.3 4.0 10.0 3.5 5.9 6.0 -4.7 8.7 -2.9 6.0 5.7 214.3 8.8 23.6 10.1 19.2 3.8 7.5 6.4 5.9 2.0 2.3 0.0 0.0 2.1 4.6 4.4 0.0 2.3 3.2 2.9 30 29 28 32 31 30 29 51 50 49 34 32 33 35 10 11 37 35 38 36 17 16 15 18 42 43 45 44 29 28 27 26 30 29 28 27 36 34 35 58% 72% -20% 71% 31% 61% 4% 0% 54% -25% -1% 88% -4% 5% 12% 98% -32% 30% 18% -13% 36% -30% 14% 175% 14% 38% 22% 0% 18% 28% 2% 1% 8% 7% -16% 0% 5% 164% 18% 38% 11% 16% 12% 13% 11% 19% 13% 11% 3% 3% 4% 3% 17% 10% 11% -6% 2% 3% 3% 11% 5% 8% 6% 6% 15% 12% 18% 8% 2% 3% -1% 4% 4% 4% 3% 4% 8% 8% 6% 4% 6% 4% 5% 4% 16% 18% 19% 20% 27% 15% 14% 5% 7% 12% 13% 7% 6% 22% 25% 23% 20% 51% 36% 31% 4% 6% 7% 3% 13% 11% 1% -54% 4% 7% 1% 19% 14% 13% 14% 13% 11% -8% 18% 2% 8% 13% -31% 10% 17% 14% 23% 17% 16% 6% 14% 10% 27% 24% 13% 1% 22% 26% 27% 27% 46% 11% 11% 5% 7% 24% 28% 18% 14% 6% 1% 14% 1% 7% 12% 19% 15% 20% 2% 2% 19% 24% 20% 5% 0% 2% 7% 2% 4% 2% 1% 2% 30% 5% 42% 7% 4% 5% 2% 3% 14% 5% 8% 5% 11% 0% 4% 2% 6% 17% 2% 11% 3% 9% 2% 0% 0% 3% 10% 12% 5% 3% 10% 13% 5% 1.6 1.9 1.5 1.6 5.4 6.1 6.3 1.5 1.2 1.9 1.5 1.8 2.7 2.2 2.3 3.3 2.5 1.6 1.6 2.6 2.8 2.5 2.0 0.5 0.7 0.2 0.3 6.2 6.1 6.1 5.3 7.6 7.3 9.3 6.7 1.6 1.7 3.6 8.8 10.1 10.7 9.2 1.5 0.8 1.2 2.4 1.7 0.3 0.1 0.3 0.4 0.3 2.3 2.7 2.8 2.8 1.4 3.2 3.9 4.2 1.2 0.0 0.0 0.0 9.6 2.5 22.7 2.5 7.3 91.4 -2.7 11.7 23.6 0.0 0.0 4.5 3.2 9.8 8.5 7.7 -4.7 8.5 34.4 9.3 10.1 -0.5 6.6 3.6 2.4 0.0 0.0 5.4 3.5 11.6 9.5 3.9 0.0 0.0 29.7 4.6 0.0 2.9 4.9 0.0 13.8 14.6 31.2 19.0 1.5 5.3 9.9 0.0 35 34 33 32 47 46 45 31 30 33 32 19 18 17 16 16 15 14 13 11 10 17 18 16 15 37 36 38 35 14 15 13 12 32 33 31 42 41 40 39 15 14 13 38 37 36 35 11% 21% 20% 52% 15% 37% 92% 0% -18% 37% 21% 20% 46% -36% -14% -3% 30% -21% -16% 33% 29% 32% 6% -39% -19% 32% -69% -36% 23% 9% 16% 26% 12% 36% 37% 22% 7% 44% -18% 73% 80% 2% -44% 30% 77% 51% 14% 24% -4% 68% 14% -5% 7% 39% 4% 65% 2011 2010 2008 2009 2011 2010 2008 2009 2011 2010 2009 2008 VC2 VC2 VC2 VC2 VC3 VC3 VC3 VC3 VC5 VC5 VC5 VC5 HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng 33% 18% 15% 3% 18% 18% 15% 3% 14% 14% 14% 13% 6.1 6.1 5.7 5.9 6.2 6.1 6.0 6.1 5.9 5.8 5.7 5.7 2011 2010 2008 2009 2010 2009 2011 2008 2011 2010 2009 2008 2011 2010 2009 2008 2011 2010 2009 2010 2008 2011 2009 2011 2010 2009 2011 2008 2009 2010 2011 2010 2009 2008 2011 2010 2009 2008 2011 2010 2009 2011 2010 2009 2011 2008 2010 2009 2011 2010 2009 2008 2008 2009 2011 2010 2010 2011 2009 2008 2008 2011 2009 2010 2008 2011 2009 2010 2010 2009 2011 2008 2008 2011 2009 2010 2008 2011 2010 2009 VC6 VC6 VC6 VC6 VCC VCC VCC VCC VCF VCF VCF VCF VCH VCH VCH VCH VCM VCM VCM VCS VCS VCS VCS VCV VCV VCV VDL VDL VDL VDL VDS VDS VDS VDS VE1 VE1 VE1 VE1 VE2 VE2 VE2 VE3 VE3 VE3 VE9 VE9 VE9 VE9 VES VES VES VES VFC VFC VFC VFC VFG VFG VFG VFG VFR VFR VFR VFR VGP VGP VGP VGP VGS VGS VGS VGS VHC VHC VHC VHC VHG VHG VHG VHG HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HOSE HOSE HOSE HOSE HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HATSC HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng D%ch D%ch D%ch Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xõy dnng Bat dđng sỏn v xõy dnng Cụng nghiắp Cơng nghi¾p Cơng nghi¾p Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Tài Tài Tài Tài Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Nơng nghi¾p Nơng nghi¾p Nơng nghi¾p Nơng nghi¾p Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Ngun v¾t li¾u Ngun v¾t li¾u Ngun v¾t li¾u Ngun v¾t li¾u Nơng nghi¾p Nơng nghi¾p Nơng nghi¾p Nơng nghi¾p Cơng ngh¾ thơng tin Cơng ngh¾ thơng tin Cơng ngh¾ thơng tin Cơng ngh¾ thơng tin 16% 15% 12% 3% 25% 15% 5% 0% 17% 0% 0% 0% 8% 0% 0% 0% 28% 0% 0% 35% 25% 5% 0% 0% 0% 0% 51% 30% 17% 12% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 11% 0% 0% 18% 14% 0% 0% 0% 0% 0% 0% 10% 4% 0% 0% 28% 25% 0% 0% 15% 10% 8% 6% 32% 30% 10% 8% 6% 6% 4% 0% 27% 15% 15% 0% 20% 9% 0% 0% 2011 2010 2009 2011 VHH VHH VHH VHL HATSC HATSC HATSC HATSC Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng 0% 0% 0% 43% 65 4% 5% 8% 7% 6% 9% 5% 3% 8% 4% 6% 5% 11% 18% 21% 18% 23% 34% 17% 16% 14% 15% 22% 18% 7% 10% 19% 11% 7% 11% 5% 20% 5% 6% 9% 4% 4.4 4.2 2.2 2.4 5.5 5.3 4.0 5.5 6.4 5.6 4.7 5.0 4.4 7.9 4.8 7.9 4.2 10.2 5.0 16.7 2.1 7.2 6.3 4.2 41 40 38 39 18 17 15 16 38 37 36 35 -12% 25% 40% 16% 6% 39% 7% 14% 47% 0% 11% 49% 5.7 5.5 5.4 5.4 5.6 5.4 6.8 5.3 5.9 5.9 5.7 5.6 5.4 5.4 5.3 5.1 5.3 5.4 5.4 6.2 5.8 6.4 6.0 5.4 5.4 5.4 5.1 4.7 5.0 5.1 6.0 6.0 6.0 5.6 4.8 4.8 4.8 4.7 4.6 4.6 4.6 4.4 4.4 4.4 5.1 4.9 5.2 5.0 5.3 5.3 5.4 5.5 5.5 5.6 5.8 5.7 6.0 6.0 5.9 5.8 5.7 5.9 5.7 5.8 5.2 5.4 5.2 5.3 6.0 6.1 6.1 5.6 6.1 6.4 6.2 6.3 5.7 5.7 5.7 5.7 4% 8% 6% 8% 7% 7% 1% 10% 30% 26% 32% 30% -9% 2% 4% 6% 7% 13% 10% 13% 19% 10% 14% 5% 7% 2% 19% 29% 18% 19% -14% 2% 6% -24% 7% 8% 15% -4% 10% 10% 9% 13% 12% 2% 2% 11% 15% 10% 0% -2% 7% 4% 10% 8% 13% 6% 16% 13% 22% 23% 10% 22% 7% 7% 21% 15% 14% 18% 9% 7% 7% 12% 7% 25% 16% 20% -2% -2% 6% 1% 8% 19% 21% 22% 15% 15% 15% 15% 29% 28% 31% 32% -474% -15% 12% 10% 15% 35% 42% 16% 25% 12% 25% -6% 2% 2% 19% 27% 20% 23% -48% 5% 18% -28% 0% 6% 29% -52% 1% 8% 14% 10% 10% 12% 1% 10% 16% 12% -7% -5% 14% 3% 4% 7% 8% 6% 19% 17% 22% 27% 16% 30% 8% 11% 15% 15% 16% 16% 6% 9% 0% 10% 20% 33% 30% 24% -4% -8% 3% 0% 6% 3% 4% 5% 8% 6% 1% 8% 36% 50% 48% 6% 1% 1% 4% 7% 39% 43% 51% 2% 14% 1% 27% 2% 4% 5% 19% 8% 45% 43% 21% 21% 39% 18% 5% 5% 23% 3% 4% 0% 4% 4% 1% 71% 3% 5% 19% 3% 100% 1% 1% 1% 14% 50% 14% 35% 4% 8% 11% 10% 16% 8% 18% 10% 2% 2% 4% 2% 5% 32% 2% 1% 2% 14% 14% 7% 8% 1% 1% 7% 2.9 2.9 3.7 2.9 4.4 3.5 3.9 3.0 0.1 0.3 0.1 0.2 30.7 -10.3 6.0 4.3 2.2 2.7 4.0 1.0 0.9 1.6 1.5 1.4 1.5 1.9 0.5 0.5 0.5 0.6 2.5 1.8 1.5 0.2 0.9 0.9 1.1 1.1 0.6 0.7 0.6 0.5 0.5 0.4 0.6 1.4 0.7 1.7 1.2 1.1 1.6 2.0 0.2 0.3 0.2 0.9 0.9 1.1 0.7 0.7 1.7 1.8 1.5 1.8 0.1 0.6 0.2 0.3 1.2 1.3 1.4 1.9 2.0 0.9 1.3 0.9 0.1 0.4 0.2 0.1 4.8 5.2 5.7 8.4 4.6 9.8 2.5 0.0 11.5 0.0 0.0 0.0 -0.3 13.9 0.0 0.0 4.5 3.5 0.0 4.7 4.0 2.4 8.9 -3.4 45.5 0.0 4.1 3.7 3.4 5.9 -1.0 16.2 0.0 0.0 92.6 21.5 4.3 -1.9 34.2 13.0 0.0 3.6 9.1 0.0 56.3 7.7 8.6 9.7 -1.8 -27.1 0.0 0.0 6.5 12.2 4.5 24.0 4.4 5.7 6.1 5.3 5.0 1.1 15.7 16.7 5.7 4.5 6.8 4.5 16.2 6.2 216.7 2.9 7.1 3.3 8.4 4.8 -9.3 -3.2 27.2 158.8 11 10 26 25 27 24 42 41 40 39 11 10 16 15 14 21 18 19 20 21 20 19 23 22 21 16 13 15 14 21 22 24 23 11 12 10 45 48 46 47 17 20 18 19 11 14 12 13 37% 17% 44% 8% 35% 25% 67% 3% 22% 28% 18% 39% -24% 37% 11% 1% -16% 43% 87% 56% 43% 10% 41% -25% 84% 160% 34% 28% 7% 38% -19% 35% 274% -58% -21% -37% 93% 2% 84% -13% -20% 15% -3% 9% -57% -5% 29% 18% -2% -49% -47% 40% -25% -19% 25% 16% -3% 43% 28% 53% 47% 10% 59% 19% -27% 106% 7% 18% 95% 4% 20% 110% 71% 36% 13% 9% -59% -18% 60% -34% 5.1 5.1 5.1 5.8 0% 4% 16% 22% -6% 4% 18% 53% 1% 17% 33% 2% 1.2 0.8 0.5 2.6 -4.0 19.4 0.0 4.7 114% -75% 45% 9% 2008 2010 2009 2009 2011 2010 2008 2011 2010 2009 2008 2009 2011 2010 2008 2009 2011 2008 2010 2011 2010 2009 2011 2010 2009 2010 2008 2011 2009 2011 2010 2009 2011 2010 2009 2008 2008 2011 2010 2009 2011 2010 2009 2008 2008 2011 2010 2009 2009 2011 2008 2010 VHL VHL VHL VID VID VID VID VIE VIE VIE VIE VIP VIP VIP VIP VIS VIS VIS VIS VIT VIT VIT VIX VIX VIX VNM VNM VNM VNM VSI VSI VSI VST VST VST VST VTB VTB VTB VTB VTF VTF VTF VTF VTL VTL VTL VTL VTO VTO VTO VTO HATSC HATSC HATSC HOSE HOSE HOSE HOSE HATSC HATSC HATSC HATSC HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HATSC HATSC HATSC HATSC HATSC HATSC HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HOSE HATSC HATSC HATSC HATSC HOSE HOSE HOSE HOSE Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Nguyên v¾t li¾u Nguyên v¾t li¾u Nguyên v¾t li¾u Ngun v¾t li¾u Cơng ngh¾ thơng tin Cơng ngh¾ thơng tin Cơng ngh¾ thơng tin Cơng ngh¾ thơng tin Nang lvong Nang lvong Nang lvong Nang lvong Nguyên v¾t li¾u Nguyên v¾t li¾u Nguyên v¾t li¾u Nguyên v¾t li¾u Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Tài Tài Tài Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Bat d®ng sán xây dnng Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Cơng nghi¾p Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Nơng nghi¾p Nơng nghi¾p Nơng nghi¾p Nơng nghi¾p Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Hàng tiêu dùng Nang lvong Nang lvong Nang lvong Nang lvong 40% 19% 0% 10% 0% 0% 0% 0% 0% 0% 0% 8% 7% 6% 6% 27% 20% 20% 0% 14% 10% 10% 0% 0% 0% 50% 39% 20% 20% 5% 0% 0% 12% 0% 0% 0% 22% 15% 14% 10% 30% 0% 0% 0% 14% 11% 11% 10% 8% 6% 5% 0% 6.0 5.8 5.8 5.7 5.9 5.9 5.7 5.0 4.9 5.1 5.2 6.3 6.3 6.3 6.2 6.2 6.1 6.0 6.2 5.8 5.7 5.6 5.6 5.6 5.7 7.0 6.8 7.2 6.9 5.9 5.9 5.8 6.5 6.5 6.4 6.4 5.4 5.4 5.5 5.5 5.9 5.9 5.8 5.6 4.9 5.0 5.0 5.0 6.5 6.5 6.5 6.5 66 11% 16% 16% 11% 11% 8% 13% 0% 7% 5% 3% 7% 13% 12% 12% 20% 17% 23% 12% 2% 9% 12% 2% 4% 9% 41% 26% 34% 34% 9% 6% 5% 12% 13% 9% 19% 12% 7% 11% 12% 31% 15% 15% 15% 11% 14% 9% 8% 8% 15% 5% 14% 8% 34% 29% 11% -3% 5% 9% -15% 13% 15% 2% 6% 6% 9% 10% 52% 5% 49% 19% 2% 12% 22% 2% 2% 10% 45% 27% 34% 37% 17% 12% 14% 0% 13% 12% 38% 12% 7% 11% 13% 39% 16% 14% 1% 11% 6% 9% 14% 4% 6% 5% 8% 1% 2% 1% 0% 0% 2% 1% 19% 21% 26% 30% 1% 3% 3% 10% 12% 30% 9% 14% 1% 6% 8% 74% 13% 26% 2% 6% 20% 5% 6% 3% 0% 5% 1% 2% 10% 17% 27% 13% 6% 16% 21% 8% 6% 13% 6% 7% 19% 4% 7% 0% 5% 3.1 4.0 3.1 1.0 1.9 1.7 0.8 5.6 3.2 4.9 6.3 1.7 1.5 1.5 0.8 2.4 1.5 2.5 1.9 3.6 3.0 5.1 0.0 0.1 0.4 0.4 0.3 0.2 0.3 3.5 3.7 3.3 4.0 3.7 4.7 4.1 0.3 0.3 0.3 0.5 0.9 1.7 1.2 2.7 1.7 1.8 2.1 2.1 3.2 1.8 3.4 2.0 15.1 -3.4 0.0 9.4 -13.3 16.3 7.6 -6.8 0.0 0.0 0.0 29.7 4.6 8.2 8.0 5.5 12.7 2.7 7.1 21.7 4.3 7.5 19.7 35.8 21.6 8.4 11.6 7.5 7.2 1.7 12.0 0.0 217.0 5.6 13.6 0.0 6.6 4.3 6.5 6.6 1.9 4.7 0.0 0.0 7.2 31.5 22.5 11.3 23.6 5.2 19.6 8.4 35 37 36 34 20 19 18 17 29 31 30 28 10 8 36 35 34 36 35 34 33 35 38 37 36 7 10 19% 34% 58% 16% 7% 42% 26% -14% 59% 52% 30% -3% 21% 17% 19% 21% 27% 16% 49% 31% 9% 56% -28% -14% 64% 48% 23% 37% 29% 2% 3% 46% -4% 51% -40% 52% -58% -18% -16% 40% 40% 24% 41% 28% 9% -13% 4% 13% 55% 23% 4% 16% TI LIẵU THAM KHO CHU YEU Tieng Viắt: Tran Ngoc Tho (2007), Tài doanh nghi¾p hi¾n dai, NXB Thong kê Tieng Anh: Sujata Kapoor, Jaypee Institute of Information Technology, Noida (2009) Impact Of Dividend Policy On Shareholders’ Value: A Study Of Indian Firms Aivazian, V, and Booth, L (2003) - Do Emerging Firms Follow Different Dividend Policies From Us Firms? Husam-Aldin Nizar, Faculty of Business, Al-Ahliyya Amman University, Jordan, and ALHOSN University (2008) - Factors Influencing Corporate Dividend Decision: Evidence from Jordanian Panel Data Augustina Kurniasih, Mercu Buana University (2011) – Corporate Dividend Policy in an Emerging Market: Evidence from Indonesia Stock Exchange (IDX) 2001-2008 Ahmed, H., & Javad, A (2009), Dynamics and Determinants of Dividend Policy in Pakistan Mahira Rafique, Faculty of Management Sciences, International Islamic University Islamabad (2012) - Factors Affecting Dividend Payout: Evidence From Listed Non-Financial Firms of Karachi Stock Exchange Glen, Jack D; Yannis Karmokolias, Robert R Miller, and Sanjay Shah (1995) - Dividend Policy and Behavior in Emerging Market: To Pay or Not to Pay Miller, M., & Modigliani (1961) - Dividend Policy, Growth, and the Valuation of Shares, Journal of Business, 34:4,411–433 10 Kuwari, D (2009) - Determinants of the Dividend Policy in Emerging Stock Exchanges 11 Zhan Baiyao, Hong Kong Baptist University (2011) - Dividend Policy in Mainland China and USA 12 Lintner,J.,(1956) - Distribution of incomes of corporations among dividends, retained earnings and taxes, American Economic Review 46:2,97-113 13 Dr.Ruttachai Seelajaroen (2011) - Ownership Structure and Dividend Policy of Thai Listed Firms ... TRUèNG ÐAI HOC KINH TE TP.HCM -oOo - PHAM TAN HÒA CÁC NHÂN TO ÃNH HUeNG ÐEN CHÍNH SÁCH CO TÚC CUA CÁC DOANH NGHI½P VI½T NAM Chuyên ngành : Tài Chính – Ngân hàng Mã So : 60340201 LU¾N VAN THAC... trang vi¾c chi trã co túc tai doanh nghi¾p niêm yet sàn chúng khốn Vi¾t Nam nhung nam qua…………………………………………37 5.2 Ðe xuat cho doanh nghi¾p tai Vi¾t Nam ve van de quyet d%nh sách chia co túc……………………………………………………………………38... nghiên cúu ve tác d®ng cúa quy mơ doanh nghi¾p den vi¾c chi trá co túc tai Vi¾t Nam Có nhieu cách khác de xác d%nh quy mơ doanh nghi¾p (ví dn nhv: so lvong nhân viên, doanh thu, tong tài sán, giá