TRUCJNG DAI HOC KINH TE QUOC DAN * NGUYEN XU AN HOA daihockinhtequocdan TRUNGTAM NANG CAO HIEU QUA SU’ DUNG VON DAU TU THU0NG MAI CUA BAO VIET VIET NAM• • CHUYEN NGANH QUAn TRI KINH DOANH THlfONG MAI[.]
TRUCJNG DAI HOC KINH TE QUOC DAN * NGUYEN XUAN HOA daihockinhtequocdan TRUNGTAM NANG CAO HIEU QUA SU’ DUNG VON DAU TU THU0NG MAI CUA BAO VIET VIET NAM • • CHUYEN NGANH: QUAn TRI KINH DOANH THlfONG MAI LUAN VAN THAC SY QUAN TRI KINH DOANH NGUOl HUONG DAN KHOA HOC: PGS -TS NGUYEN THUALOC 'THS HA NOI, NAM 2008 M MUC LUC Trang Danh muc chir viet tat Danh muc bang Danh muc bieu Danh muc so’ Tom tat luan van i LCH MO> DAU Chiro’ng 1: CO SO LY LUAN CHUNG VE HIEU QUA DAU IT THUONG MAI CUA CAC DOANH NGHIEP BAO HIEM 1.1 Tong quan ve cong ty Bao hiem 1.1.1 Sir hinh cong ty bao hiem 1.1.2 Cac hoat dong kinh doanh cua cong ty bao hiem phi nhan tho 1.1.3 Vai tro cua cong ty bao hiem nen kinh te Hieu qua dau tu'thuong mai cua DNBH 10 1.2 1.2.1 Khai niem ve hieu qua dau tu thuong mai cua DNBH 10 1.2.2 Cac chi tieu danh gia hieu qua dau tu 12 1.2.3 Dac diem hieu qua dau tu thuong mai cua DNBH 16 1.2.4 Nguon von dau tu thuong mai cua DNBH 17 1.2.4.1 Von chu sb htru nhan roi 17 1.2.4.2 Nguon von nhan roi tir du phong nghiep vu bao hiem 18 1.2.4.3 Cac nguon von hop phap khac theo quy dinh cua phap luat 19 1.2.5 Sir can thiet phai nang cao hieu qua dau tu thuong mai cua cac 22 DNBH 1.3 Noi dung su dung hieu qua von dau tu- thuong mai cua cac DNBH 23 1.3.1 Nghien cuu thi trubng de lira chon linh vuc dau tu 23 1.3.2 Phan bo von dau tu thuong mai 24 1.3.2.1 Von tri hoat dong cua cac nghiep vu bao hiem 25 1.3.2.2 Von dua vao dau tu thuo'ng mai 26 1.3.3 Giam sat tinh hiidi dau tu thircrng mai 32 1.3.4 Nang cao hieu qua dau tu thircrng mai 34 1.4 Nhu-ngnhan to anh hirangden hieu quavon dau tirthirong mai cua DNBH 1.4.1 Cac nhan io cha quan 35 1.4.2 Cac nhan to khach quan 37 Chunng 2: PHAN TICH HIEU QUA DAU TV THVONG MAI CUA BAO VIET • VIET • NAM x 2.1 r Tong quan ve hoat dong san xuat kinh doanh cua BVVN 40 2.1.1 Lich su ddi hinh ihanh va phai irimn cua BVVN 40 2.1.2 Cn cau io chuc va quan ly hoai dong kinh doanh cua BVVN 42 2.1.3 Tinh hinh iai chinh va kei qua hoai dong kinh doanh cua BVVN 45 qua cac nam 2004 - 2007 2.1.4 Dac diem cua BVVN anh hhdng tdi hieu qua dau tu uhuung mai 2.2 Phan tich hieu qua dau th throng mai cca BWN 2.2.1 Chi tieu ve huy dong von 51 53 53 2.2.2 Chi iieu ve luong von dua vao dau iu 55 2.2.3 Chi iieu ve hiuu qua dau iu 59 2.2.4 2.3 Moi so hoai dong nang cao hiuu qua dau iu iai BVVN Danh gia hieu qua hoat dong dau th cca BVVN 68 74 2.3.1 Nhung ihanh qua da dai duoc 74 2.3.2 Nhung han che 78 2.3.3 Nguyen nhan 81 Chiro-ng 3: PHVONG HVONG VA GIAI PHAP NANG CAO HIEU QUA -VON DAU TV THVONG MAI CUA BAO VIET VIET NAM 3.1 84 Xu hirmig phat trien cua thi trinrng bao hiem Viet Nam qua trinh hoi nhap kinh te quvc te 84 3.1.1 Xu the hoi nhap kinh te quoc te doi vdi nganh bao hiem Viet Nam 84 3.1.1.1 Cam ket song phuong va da phuong cua Viet Nam ve dich vu tai chinh bao hiem: 3.1.1.2 Chien luge phat trien thi trubng bao hiem Viet Nam 88 3.1.2 Muc tieu chien luge phat trien cua Bao Viet va BVVN giai doan 89 2007-2010 3.1.3 Co hoi va thach thuc doi vdi BVVN 93 Giai phap nang cao hieu qua dau tir thuong mai cua BVVN 97 3.2.1 Nghien cuu thi trubng xac dinh chien luge cho dau tu thuong mai 98 3.2.2 Huy dong von 100 3.2.3 Tap trung von cho hoat dong dau tu thuong mai 102 3.2.4 104 3.2 Bien phap nang cao hieu qua von dau tu thuong mai 3.2.5 Giam sat, phan tich hieu qua dau tu thuong mai 3.3 Mot so kien nghi 3.3.1 Hoan thien moi trubng phap ly lien quan thi hoat dong bao hiem 112 114 114 3.3.2 Hoan thien moi trubng phap ly va chinh sach quan ly vi mo doi 115 vdi cac hoat dong phu trg khac KET LUAN 119 TAI LIEU THAM KHAO 121 DANH MUC TLJ VIET TAT Bao Viet Tong Cong ty Bao hiem Viet Nam BVVN Bao Viet Viet Nam Cong ty Quan ly quy Cong ty quan ly quy dau tu chung khoan Bao Viet CTTV Cong ty vien DNBH Doanh nghiep bao hiem PNT Phi nhan tho Tap doan Bao Viet Tap doan Tai chinh Bao hiem - Bao Viet WTO To chuc Thuong mai the gidi DANH MUC BANG Trang Chu'O’ng 2: Bang 2.1: Tinh hinh tai chinh va ket qua hoat dong kinh doanh cua Bao Viet 46 giai doan 2004-2007 Bang 2.2: Tinh hinh tai chinh va ket qua hoat dong kinh doanh cua BVVN 48 giai doan 2004-2007 Bang 2.3: Doanh thu Chi phi Loi nhuan Tong von dau tu cua BVVN 2004-2007 54 Bang 2.4: Tong von thuc huy dong va Tong von dau tu cua BVVN 2004-2007 56 Bang 2.5: Danh muc von dau tu thuong mai theo nguon von giai doan 2004 2007 Bang 2.6 : Danh muc von dau tu thuong mai cua BVVN 59 Bang 2.7: Ty von dau tu theo tung loai hinh cua BVVN 59 Bang 2.8: Doanh thu dau tu theo loai hinh cua BVVN 60 Bang 2.9: Ty doanh thu theo loai hinh cua BVVN 60 Bang 2.10: Chi phi hoat dong dau tu cua BVVN giai doan 2004-2007 62 Bang 2.11: Ty chi phi theo loai hinh cua BVVN 62 Bang 2.12: Hieu qua dau tu cua BVVN giai doan 2004-2007 62 Bang 2.13: Hieu qua theo tung loai hinh cua BVVN 63 Bang 2.14: Ty loi nhuan tung loai hinh cua BVVN 64 Bang 2.15: Doanh thu/Chi phi theo loai hinh cua BVVN 64 Bang 2.16: Doanh thu /von dau tu theo loai hinh cua BVVN 65 Bang 2.17: Hieu qua theo ky han dau tu cua BVVN 66 Bang 2.18: Hieu qua theo nguon von dau tu cua BVVN 66 Bang 2.19: Doanh thu dau tu /von dau tu cua BVVN 67 Bang 2.20: Ty suat loi nhuan tinh theo nguon von dau tu cua BVVN 67 Bang 2.21: Ty suat loi nhuan tinh theo ky han dau tu cua BVVN 68 Bang 2.22: Bang can doi ke toan cua BVVN 73 Bang 2.23: Kha nang toan cua BVVN 74 Bang 2.24: Nguon von dau tu cua BVVN giai doan 2004-2007 75 Bang 2.25: Co cau doanh thu dau tu cua BVVN 76 Bang 2.26: Hieu qua dau tu cua BVVN giai doan 2004-2007 77 Bang 2.27: Ty lai nhuan dau tu tong lai nhuan cua BWN 77 Bang 2.28: Ty suat lai nhuan dau tu tai san cua BWN 79 Bang 2.29: Lai nhuan HDDT/Tong doanh thu cac doanh nghiep BH 80 DANH MUC BIEU Trang Chuong 2: Bieu 2.1: Tai san doanh thu va lai nhuan cua BVVN 2004-2007 47 Bieu 2.2: Tai san doanh thu va lai nhuan cua BVVN 2004-2007 49 Bieu 2.3: Tai san, doanh thu va von BT tra lai nen kinh te BWN 2004 49 2007 Bieu: 2.4: Bi£u dO phi bao hi£m gOc BVVN 2004-2007 50 Bieu 2.5: Thi phan cua BVVN giai doan 2004-2007 50 Bieu: 2.6: Doanh thu cac nghiep vu cua BVVN 2004-2007 55 Bieu: 2.7: von thuc huy dong va von dau tu bo sung cua BVVN 2004-2007 57 Bieu 2.8: Tong von dau tu thuong mai cua BVVN 2004-2007 58 Bieu 2.9: Ty cac loai hinh dau tu cua BVVN 2004-2007 59 Bieu 2.10: Ty doanh thu cac loai hinh cua BVVN 60 Bieu: 2.11: Von gianh cho hoat dong dau tu thuong mai va von bo sung cho hoat , ’ ' dong dau tu thuong mai cua BVVN 2004-2007 75 Bieu: 2.12: Doanh thu hoat dong dau tu thuong mai cua BVVN 2004-2007 76 DANH MUC SO BO Trang Chuong 2: So 2.1: Mo hinh to chuc bo may cua Tap doan Bao Viet 43 So 2.2: Mo hinh to chuc bo may cua BVVN 44 TRUING DAI HOC KINH TE QUOC DAN * NGUYEN XU AN HO A NANG CAO HIEU QUA SU DUNG VON DAU TU THUONG MAI CUA BAO VIET VIET NAM • • CHUY£N NGANH: QUAN TRI KINH DOANH THUONG MAI TOM TAT LUAN VAN THAC SY • HA NOI, NAM 2008 • 108 BVVN nen han che, dung hoac rut von doi vdi cac du an, cong ty khong co hieu qua (cac cong ty CP van tai) dong thdi BVVN nen dau tu vao linh vuc tai chinh r r y ngan hang, dich vu vui chai giai tri cd the dua lai ket qua tot Can chu cong tac tham dinh du an trudc tien hanh dau tu Luu y thuc hien dau tu vao loai hinh cd the su dung nguon von dai han * Dau tu bat dong san: Hien tai BVVN khong cd loai hinh nay, tich phuc tap cua loai hinh cung nhu ddi hoi phai tap trung mot luong von ldn, nhien ve chien luoc dau tu lau dai A A r cung can cd loai hinh dau tu bat dong san, cu the: Nen thuc hien dau tu vdi muc tieu dau tu lau dai, xay dung toa nha, cao de de ban hoac cho thue Nen tham gia vdi vai tro la nha dau tu thu phat Khi phat sinh nhu cau nen thue chuyen gia hoac thue mot cong ty co kinh nghiem tu van, hoac thuc hien lien doanh lien ket vdi cac cong ty khac (Cty kinh doanh bat dong san Bao Viet - sap lap) cung thuc hien cac du an kinh doanh bat dong san * Tien gui ngan hang va cac to chuc tin dung: Day la loai hinh dau tu cd tinh khoan cao Tuy nhien muc lai suat dua lai thuong thap hon lai suat ky vong cua cac loai hinh dau tu khac Cd the su dung r r t phan von ngan han de thuc hien dau tu a a Theo nhu co cau dau tu cua cac cong ty bao hiem nudc ngoai, loai hinh thuong chiem ty thap tong von dau tu (20%-30%) Tuy nhien, d Viet Nam hien nay, danh muc dau tu cua BWN thi khoan muc lai chiem ty ldn nhat, tdi hon 45% Dieu da han che hieu qua hoat dong dau tu cua cong ty BVVN nen chuyen dan tir dau tu tien gui sang loai hinh co phieu, dac biet la trai phieu 109 Ve lau dai moi truong dau tu cua Viet Nam, dac biet la thi truong chung khoan phat trien hon, cac co hoi dau tu duoc mo rong thi BVVN nen giam bot ty von danh cho khoan muc c, Tang cuong chat luong cong tac tham dinh va quan ly du an Khau tham dinh du an la het suc quan Khong nen chi dua vao cac z r \ thong tin so sach phia doi tac cung cap ma can mo rong thu thap thong tin tu cac r az nguon khac ket hop voi khao sat thuc te Cung voi viec danh gia du an qua tai lieu cung can kiem chung lai bang viec Z Z Z xem xet, danh gia thuc te nang luc phia doi tac, thuc te dia ban thuc hien du an de danh gia duoc nhung kho khan, thuan loi viec thuc hien du an, tu co quyet dinh dau tu dung dan Trong qua trinh thuc hien du an, can day manh viec theo doi, danh gia du an Rieng doi voi cac du an linh vuc chuyen nganh co the thue cac chuyen gia doc lap tung linh vuc de phoi hop voi can bo dau tu cua BVVN viec thim dinh cung nhu quan ly du an, han che nhung rui ro phat sinh can bo cua BWN khong duoc dao tao ve cac linh vuc chuyen mon Dong thoi, viec hoan thien he thong chi tieu phan tich, danh gia tai chinh du an cung la viec lam rat can thiet Hien he thong chi tieu cua BVVN tuong doi so sai, mang nang tinh chu quan, chua thong nhat giua cac du an Do anh huong den chat luong cong tac tham dinh va quan ly du an He thdng chi tieu can duoc hoan thien theo huong bo sung nhung chi tieu moi ca chi tieu tai chinh va phi tai chinh (nhu cac chi tieu ve chien luoc kinh doanh, vi the canh tranh cua doanh nghiep, nang luc dieu hanh cua ban lanh dao, ), xay dung duoc muc chuan cua tung nganh nghe de lam can cu, co so doi chieu danh gia du an d, Day manh, mo rong cac nguon thu than, luu tru thong tin A Z Z Z Co duoc thong tin day du, chinh xac, kip thoi la mot yeu to co y nghia rat lon doi voi hieu qua cua mot quyet dinh dau tu 110 De tang cudng chat luong cong tac tham dinh va quan ly du an, tu nang A < ' cao hieu qua hoat dong dau tu doi hoi BVVN phai co bien phap thiet lap he thong cung cap thong tin nhanh chong, day du, chinh xac, cu the la: + Tidp tuc day manh khai thac cac nguon thong tin hien co nhu thong tin tren bao, dai va cac phuong tien thong tin dai chung khac, thong tin tu cac ngan hang, cac td chuc tin dung ma BVVN co quan he, tu cac khach hang vay von, cac cong ty ma BVVN gop von, tu cac doi tac cung tham gia cac du an + Tang cudng viec thu thap, trao doi thong tin tu mang ludi cac phong ban, cac cong ty bao hiem vien + Ky hop dong trao doi thong tin vdi cac to chuc chuyen cung cap thong tin nhu trung tam thong tin phong ngua rui ro, + Khai thac thong tin tu Hiep hoi tai chinh tin dung chuyen nghiep Day la mot nguon thong tin kha phong phu, da chieu ve cac nganh nghe, cac linh vuc khac + Tang cudng viec khao sat thuc te doanh nghiep, thi trudng, de thu thap duoc nhung thong tin thuc te, chinh xac + Hoan thien quy trinh luu tru thong tin nham phuc vu viec khai thac, su dung thong tin duoc thuan loi e, Ap dung c ong g ghe tien tien hoat dong kinh doanh, quan ly qa dau tu, khai thac triet de cong nghe quan ly hien dai Hien BVVN da thuc hien lap dat noi mang may tinh vdi dan may cau hinh hien dai, nhieu phan mem tin hoc duoc cai dat nham tro giup cho cong tac khai thac va quan ly, kha nang cap nhat thong tin da duoc nang cao Tuy dhied, tren thuc te van chua khai thac duoc het tiem nang cua he thong Trong hoat dong kinh noadh bao hiem cung nhu hoat dong dau tu van nhieu cong doan thuc hied thu cong, chua co su cap nhat, trao doi thong tin thudng xuyen giua cac bo phan vdi Ill Mac du BVVN da co ten mien va co dia chi giao dich tren internet nhung chu yeu moi chi nham thuc hien viec quang ba san pham, thuong hieu chu chua thuc hien duoc cac giao dich tren internet Viec mo rong hoat dong giao dich tren internet khong nhung giup doanh nghiep day nhanh duoc toc giao dich, giam chi phi kinh doanh ma la mot phuoug tien huu hieu de thu thap, trao doi thong tin voi cac khach hang, doi tac BVVN can tiep tuc dau tu cong nghe moi vao hoat dong kinh doanh, dong thoi cung can thuc hien tot cong tac dao tao cho doi ngu can bo cong nhan vien viec su dung thao cac cong nghe do, xay dung mot quy trinh khai thac, trao doi thong tin hop ly nham khai thac toi da cac may moc, chuong trinh da lap dat Rieng doi voi hoat dong dau tu, thoi gian toi can xay dung, cai dat A A t ■> •> phan mem tham dinh, quan ly du an de nang cao hieu qua hoat dong tham dinh va quan ly du an, cung nhu nang cao nang suat lao dong cua can bo dau tu f, Co cac chinh sach uu dai thu hut nhan tai, tiep tuc tang cuong dao tao doi ngu can bo dau tu, can bo quan ly ve chuyen mon cung nhu dao duc nghe nghiep nham nang cao chat luong hoat dong dau tu Doi ngu can bo quan ly cung nhu can bo truc tiep thuc hien hoat dong dau tu a < r dong vai tro het suc quan doi voi hieu qua hoat dong dau tu cua doanh nghiep a BWN can co cac chinh sach dung, uu dai de thu hut cac chuyen gia gioi ve lam viec cho BVVN Can phan cong them can bo lanh dao va ke toan cac cong ty vien tham gia quan ly du an dau tu tai dia phuong sau BWN Nhu vay se co dieu kien bam sat, theo doi truc tiep, thuong xuyen tinh hinh hoat dong cua du an Dong thoi, co the moi cac chuyen gia nuoc ngoai giang day, tu van nham tiep thu cac kinh nghiem cua nuoc ngoai, tO chuc cho can bo tham gia cac khoa dao tao A va ngoai nuoc, to chuc cac lop boi duong nghiep vu, hoi thao, nghien cuu, khuyen khich can bo tu nghien cuu, tim hieu nghiep vu de nang cao trinh cho doi 112 thuc chung ve kinh te, tai chinh, ve cac linh vuc ma BVVN thuc hien dau tu Trong dieu kien mo cua thi trudng bao hiem Viet Nam, BVVN dung trudc nhieu co hoi cung nhu thach thuc Viec co them nhieu cong ty bao hiem nude ngoai hoat dong tai Viet Nam se md cho BVVN co hoi tiep thu cac tuu, kinh nghiem quan ly kinh doanh, quan ly dau tu, co hoi hop tac, dao tao nhan su Tuy nhien, day cung la mot thach thuc ldn cho BVVN neu khong nam bat duqc thdi co, khong co nhung cai each, ddi mdi tich cue 3.2.5 Giam sat, phan tich hieu qua dau tie thicang mai Trong qua trinh dau tu thuong mai muon nang cao hieu qua dau tu thi BVVN can phai thuc hien viec giam sat qua trinh dau tu thuong mai dong thdi luon phan tich va dua nhung danh gia, dieu chinh qua trinh dau tu, chi cd vay BWN mdi co the han che giam thieu tac hai, rui ro tu ben trong, ben ngoai tac dong den hoat dong dau tu thuong mai, dong thdi nang cao hieu qua dau tu thuong mai, muon vay BVVN phai thuc hien nhung bien phap sau: * Thiet lap mdi trudng kiem soat hoat dong dau tu thuong mai - BVVN phai ban ban hanh cac quy tac, chuan muc, quy che viec dau tu thuong mai, ban hanh cac quy dinh xu phat thich hop cac quy tac chuan muc, quy che bi vi pham - Xay dung bo phan kiem toan, kiem soat noi bo hoat dong theo cac chuan cd kha nang hoat dong huu hieu duqc true tiep bao cao doc lap vdi cac lanh dao A cao cap cua to chuc - BVVN phai xay dung “Ban md ta cong viec” quy dinh ro yeu cau kien thuc, chat luqng nhan su cho tung vi tri tai cac phong ban chuc nang lien quan tdi qua trinh to chuc giam sat hoat dong dau tu * Quan ly rui ro dau tu thuong mai: 113 - Co bien phap khuyen khich nhan vien quan tam phat hien, danh gia va phan tich dinh luong tac hai cua cac rui ro hien huu va tiem an tac dong true tiep cung nhu gian tiep toi hoat dong dau tu thuong mai cua BVVN - Xay dung cac muc tieu tong the cung nhu chi tiet hoat dong dau tu, lay no lam co so de tham chieu, kiem tra trien khai cong viec - BWN phai xay dung mot quy trinh lap bao cao, kiem tra kiem soat va danh gia rui ro tinh hinh dau tu thuong mai - Chu dong ket hop vdi cac cong ty va ngoai Tap doan nghien cuu thi trudng qua tim co hoi cung nhu la nhung rui ro co the xay doi vdi hoat dong dau tu cua BVVN * Giam sat va phan tich hieu qua dau tu thuong mai: - Thuc hien ddi chieu kiem tra chi tiet, cu the vdi cac cong ty vien, vdi Cty quan ly quy Bao Viet, vdi Ban Dau tu - Tap doan ve danh muc dau tu, lai suat, thu tuc, ho so cua tung loai hinh - Thuong xuyen tien hanh tdng hop, kiem tra, ddi chieu mot each doc lap cac ket qua thu duoc ttr hoat dong dau tu vdi cac chi tieu, dinh muc, chi so dinh truoc de dieu chinh, bo sung kip thoi - Phan dinh doc lap ro rang quyen han, trach nhiem va nghia vu cac linh vuc: Tham dinh, phe duyet cac quyet dinh dau tu, thuc hien dau tu, ke toan theo doi - BWN phai xay dung duoc dinh muc, cac chi tieu ve tai chinh, cac chi so can ban de danh gia hieu qua hoat dong dau tu nhu muc lai suat ky vong, co cau danh muc dau tu, ty le tdi da, tdi thieu, ty le cho phep ddi vdi mdi danh muc - Phan tich cac chi tieu ve doanh thu, chi phi, lai suat ky vong, danh muc co cau cua tung loai hinh dau tu qua danh gia hieu qua hoat dong dau tu thuong mai cua tung loai hinh, so sanh vdi nhung muc tieu de xem da dat muc tieu hay chua, tai ? nguyen nhan ? dong thoi cd nhung quyet dinh dieu chinh - Phan tich va so sanh hieu qua hoat dong dau tu cua BWN vdi muc hieu qua dau tu chung cua thi trudng, muc hieu qua dau tu cua cac DNBH cung nganh khac 114 de co su danh gia ve hieu qua hoat dong dau tu da thuc hien, qua co nhung quyet dinh dieu chinh can thiet ve co cau danh muc, khach hang Vdi he thong giam sat va phan tich hieu qua hoat dong dau tu nhu tren hoat dong dau tu thuong mai tai BVVN se duoc quan ly giam sat va chac chan se hieu qua se duoc nang cao hon 3.3 Mot so kien nghi: 3.3.1 Hoan thien moi trudng phap ly lien quan tdi hoat dong bao hiem Hien nay, linh vuc bao hiem cang danh duoc nhieu quan tam cua nha nudc Viec ddi cua phap luat kinh doanh bao hiem cung nhieu van ban hudng dan, dinh hudng cung nhu Chien luoc phat trien thi trudng bao hiem Viet Nam den nam 2010 da cho thay dieu Rieng doi vdi hoat dong dau tu cua DNBH la mot hoat dong cd vai tro quan Vi vay, thuc day hoat dong dau tu cua cac DNBH noi chung va cua Bao Viet, vdi tu each la mot DNBH hang dau Viet Nam noi rieng la mot yeu cau cap thiet, doi hoi nha nudc can tiep tuc thuc hien cac bien phap, chinh sach thiet thuc nham tao dieu kien cho hoat dong cua cac doanh nghiep linh vuc Trudc mat, nha nudc can thuc hien dong bo cac chinh sach sau: - Tiep tuc hoan thien he thong phap luat ve kinh doanh bao hiem Can cd luat \ r > ve chong canh tranh khong lanh manh, cd cac van ban phap luat ve xu ly vi pham hanh chinh linh vuc kinh doanh bao hiem nham tao hanh lang phap ly thuan loi cho cac doanh nghiep thuc hien hoat dong kinh doanh nghiem tuc Cac quy dinh can nhat quan, tranh su thay doi qua nhanh chong gay kho khan cho doanh nghiep - Hien Luat tin dung chua cho phep DNBH thuc hien cho vay true tiep Dieu phan nao lam anh hudng den hieu qua hoat dong dau tu cua DNBH cung nhu anh hudng den hoat dong cua cac don vi can vay von Trong thdi gian tdi Ngan 115 hang nha nuac nen sdm ban hanh cac van ban phap ly ve hoat dong cho vay, uy thac dau tu cua cac DNBH, cho phep DNBH thuc hien hoat dong - Hoan thien he thong phap luat ve dau tu va cac bo luat, van ban dudi luat d A X cac nganh nghe kinh doanh khac nham tao hanh lang phap ly thuan lai cho hoat dong dau tu cua doanh nghiep X X X - Can cd them cac dieu kien uu dai cho cac cong ty bao hiem nhu uu dai ve thue, dau tu, - Tra giup cho hoat dong cua cac DNBH ve kinh doanh cung nhu cong tac dao tao can bo kinh doanh bao hiem va dau tu von 3.3.2 Hoan thien mdi trudng phap ly va chinh sach quan ly vi md doi vai cac hoat dongphu trot khac * Hoan thien mdi trudng phap ly lien quan den hoat dong ngan hang Mac du cac doanh nghiep biet duqc tam quan cua mot he thong quan ly ngan quy tdi uu thong qua he thong ngan hang dien tu cua mot sd ngan hang ldn nhung viec cd ap dung duqc hay khong phu thuoc rat nhieu vao co sd, mdi trudng phap ly cua loai hinh dich vu De tao dieu kien cho cac doanh nghiep Viet Nam nang cao hieu qua quan ly ngan quy, dich vu ngan hang dien tu, giao dich dien tu can phai duqc cac ngan hang trien khai manh me Cac ngan hang d Viet Nam hien da thuc hien xong de an hien dai hoa, tang cong nghe tin hoc da cho phep cac ngan hang cung cap dich vu ngan hang dien tu cung nhu cac dich vu cong nghe cao khac Tuy nhien, rao can lai nam d chinh ca sd phap ly r r \ r He thong luat phap lien quan den hoat dong ngan hang truyen thong d Viet Nam gan nhu da kha day du nhung ca sd phap ly cho hoat dong ngan hang dien tu gan nhu chua duqc thiet lap Mac du Luat giao dich dien tu da co hieu luc tir 01/03/2006 nhung cac van ban dudi de hudng dan thi hanh Luat Giao dich dien tu chua cd Gan day nhat, Chinh phu mdi ban hanh Nghi dinh 57/2006/ND-CP ve thuong mai dien tu Day la Nghi dinh dau tien nghi dinh hudng dan Luat 117 + Hoan thien khung phap ly va chinh sach dam bao Nha nuoc thong nhat quan ly viec phat hanh chung khoan cong chung va quan ly cac cong ty dai chung; ap dung qui dinh quan tri cong ty doi vdi cac cong ty dai chung + Hoan thien khung phap ly, lua chon va huong dan cac chinh quyen dia r •> r \ phuong, cac doanh nghiep ldn phat hanh trai phieu de huy dong vdn dau tu + Can day nhanh tien co phan hoa va dua len thi trudng niem yet cac "dai gia" Mot mat, can day manh co phan hoa cac doanh nghiep nha nude, cac doanh nghiep cd vdn dau tu nude ngoai va phat trien manh hon nua so luong cong ty cd phan khong cd vdn nha nude Mat khac, can thuc day, tao dieu kien cho cac cong ty cd phan thuc hien niem yet tren san chinh thuc, vi day la mot nhung chi bao quan khong chi phan anh quy md ma phan anh ca muc cap cua thi trudng chung khoan Viet Nam + Ngoai ra, can thuc hien cac giai phap de tang hang hoa cd uy tin, chat lupng giao dich tren thi trudng nhu lua chon mot so doanh nghiep ldn, ngan hang thuong mai cd phan, doanh nghiep cd vdn dau tu nude ngoai niem yet tren thi trudng chung khoan, ban hanh co che thich hop de phan ldn trai phieu Chinh phu va trai phieu doanh nghiep, trai phieu cong trinh dupe niem yet dd phat hanh tren thi trudng chung khoan - Phat trien thi trirang giao dich chung khoan + Hudng dan va quan ly, giam sat hoat dong giao dich chung khoan chua niem yet tai cong ty chung khoan + Xay dung va hoan thien thi trudng giao dich trai phieu, truoc het la trai phieu Chinh phu - Phat trien cac to chuc kinh doanh, dich vu chung khoan + Ban hanh quy dinh de tao co so phap ly cho cac cong ty chung khoan tai co cau theo hudng tang quy md vdn, phat trien nguon nhan luc, md rong pham vi va mang ludi cung cap dich vu; tang cudng ap dung cong nghe thong tin cung cap dich vu chung khoan 118 - Phat trien ca sd tang cong nghe thong tin TTCK Xay dung va hudng dan thuc hien cac chuan muc cong nghe thong tin ap dung cho cac to chuc kinh doanh va dich vu chung khoan dam bao cung cap dich vu va thong tin thi truong chung khoan minh bach va cong bang cho moi doi tupng dau tu A - Quan ly Nha nude ve thi trudng chung khoan + Nang cao tinh minh bach, cong khai, cong bang cua hoat dong thi truong chung khoan tren co so hoan thien va thuc thi quy dinh ve cong bo thong tin, quy dinh quan tri cong ty doi voi cong ty dai chung + Nang cao nang luc hoach dinh chinh sach, tang cuong hieu qua giam sat, tra va xu ly vi pham phap luat ve chung khoan va thi trudng chung khoan; hoan thien va ap dung cac tieu chi danh gia hieu qua cua cac edng ty chung khoan, cong ty quan ly quy, tieu chi canh bao cac giao dich bat thuong tren thi trudng chung khoan + Ap dung nguyen tac quan ly thi trudng chung khoan ve cac linh vuc: quan ly to chuc phat hanh chung khoan, quy dau tu tap the, to chuc trung gian thi trudng, thi trudng thu cap * Thi trudng bat dong san : Tao dieu kien phat trien, md rong cac san giao dich bat dong san, cai each thu tuc hanh chinh, tang cuong cac quy dinh cua phap luat ve bat dong san nham han che hoat dong cua thi trudng ngam Don gian hoa cac thu tuc cap phep su dung dat, thu tuc mua ban bat dong san AAA A A Vdi cac dieu kien tien de tren, hoc vien tin rang cac bien phap nham nang cao hieu qua dau tu thuong mai cua BVVN se co tac dung va mang lai nhung loi ich to ldn cho BVVN noi rieng va Tap doan Bao Viet noi chung 119 KET LUAN Qua nghien cuu cac van de ly luan va thuc tien ve hoat dong kinh doanh cua cac doanh nghiep bao hiem o Viet Nam noi chung va tai Bao Viet Viet Nam noi rieng cho thay, tinh hinh hoat dong va hieu qua kinh doanh cua cac doanh nghiep da thu duqc nhung ket qua rat dang khich le nhat la hoat dong dau tu thuong mai Tuy nhien, thdi gian Viet Nam tro thanh vien chinh thuc cua WTO thi thi trudng bao hiem Viet Nam se phat trien soi dong hon, xuat hien nhieu nhan to tich cuc cung nhu kho khan anh huong den dau tu thuong mai cua cac cong ty bao hiem, dac biet la cac cong ty bao hiem nuoc nhu BWN De dap ung duqc cac yeu cau cua hoi nhap va canh tranh khoc liet thdi gian toi, BVVN phai khong ngung ddi moi, hoan thien nham nang cao kha nang canh tranh va hieu qua dau tu thuong mai Ben canh do, Nha nuoc cung can co nhung chinh sach phu hop de tao dieu kien cho cac doanh nghiep bao hiem canh tranh binh dang, phu hop voi thong le quoc te Trong pham vi nghien cuu cua luan van, doi chieu voi muc dich nghien cuu da duqc de cap o phan dau, luan van da dat duqc nhung ket qua sau: Tac gia da he thong hoa duqc nhung noi dung co ban cua BVVN, hieu qua dau tu thuong mai va nhung tieu chi danh gia hieu qua dau tu thuong mai cua cac doanh nghiep bao hiem Dong thdi luan van cung cho thay nhung nhan to anh huong den hieu qua dau tu thuong mai cua cac doanh nghiep bao hiem Truoc phan tich thuc trang dau tu thuong mai hien cua BVVN, tac gia da khai quat hoa qua trinh hinh va phat trien cua BVVN, cung nhu mo hinh to chuc hoat dong kinh doanh cua BWN Tren co so cac so lieu duqc cap nhat thdi gian nam 2004-2007 ve tinh hinh kinh doanh cung nhu hieu qua dau tu thuong mai cua BVVN, tac gia da co nhung danh gia - nhan xet ve hieu qua dau tu thuong mai cua BWN, nhung ket qua da dat duqc nhung ton tai cung nhu nhung nguyen nhan cua ton tai 120 Ket hap giua ly luan va thuc tien ve hieu qua dau tu thuong mai, tac gia da A A dua cac giai phap nham nang cao hieu qua dau tu thuong mai cua BWN a r r Nhung gidi phap tac gid de xuat tren day la ket qua nghien cuu ly luan va kinh nghiem thuc te hoat dong kinh doanh bao hiem phi nhan tho tai thi trudng bao hiem Viet Nam cung nhu cua Bao Viet Viet Nam Tuy nhien, khuon kho cua luan vdn thac si cac gidi phap chu yeu dung lai d phuong phap luan va mang tinh dinh hirdng, nhung gidi phap can duoc nghien cuu sau hon, cu the hon qua trinh ung dung vao thuc te Tac gid rat hy vong luan vdn se gop phan mang lai r loi ich thiet thuc viec dau tu thuong mai cua Bao Viet Viet Nam a Mot Ian ntra xin chan cam on str giup cua PGS.TS Nguyen Thua Loc da giup tac gia viec nghien cuu de tai 121 TAI LIEU THAM KHAO Tieng Viet e e r \ Bao Viet Viet Nam, Bao cao ket qua hoat dong dau tu cac nam 2004 - 2007, Ha Noi Bao Viet Viet Nam, Bao cao tai chinh thuang nien cac nam 2004 -2007, Ha Noi Bao Viet Viet Nam (2005), Hop dong uy thac dau tu giua BWN va Cty Quan ly quy dau tu chung khoan Bao viet Ha Noi Bo tai chinh (2001), Chien lucre phat trien thi truang bao hiem Viet Nam tic nam 2001 den nam 2010, Ha Noi Bo tai chinh (2006), Quyet dinh 898/QD-BTC Ban hanh ke hoach phat trien thi truang chung khoan Viet Nam, Ha Noi Bo tai chinh (2007), Thong tu 156/2007/TT-BTC Huang dan thuc hien Nghi dinh so 46/2007/ND-CP, Ha Noi Ta Van Can (2007), Nghien cuu xay dung chien luac kinh doanh cua doanh nghiep bao hiem Viet Nam den nam 2011, Luan van Thac sy Quan tri kinh z z r doanh Quoc te, Truong dai hoc Quoc gia Ha Noi Chinh phu (2006), Nghi dinh 57/2006/ND-CP ve thuang mai dien tic, Ha Chinh phu (2007), Nghi dinh 46/2007/ND-CP Quy dinh che tai chinh Noi doi vdi DNBHva doanh nghiep moi gidi bao hiem, Ha Noi 10 Pham Thi Dinh (2004), Hoat dong dau tu cua cac doanh nghiep bao hiem nha nudc a Viet Nam, Luan an tien si kinh te, Trudng Dai hoc Kinh te quoc dan Ha Noi 122 11 PGS.TS Hoang Minh Duong, PGS.TS Nguyen Thua Loc (2006), Giao trinh quan tri doanh nghiep thuang mai, Tap 1, Tap 2, XNB Lao dong - Xa hoi, Ha Noi 12 Hiep dinh thuong mai Viet-My (2000), Bang Id trinh cam ket thuang mai dich vu cu the, Phu luc G, Viet Nam (trang G 13) 13 Hiep hoi bao hiem, Ban tin bao hiem nam 2004,2005,2006,2007 Ha Noi 14 Nguyen Duy Hung (2007), Phan tich tinh hinh va hieu qua su dung vdn tai cong ty XNK Nong san thuc pham An Giang, Luan van tot nghiep khoa Kinh te quan tri kinh doanh, Truong Dai hoc An Giang 15 GS.TSKH Truong Moc Lam, Luu Nguyen Khanh (2001), Mot so dieu can biet ve kinh doanh bao hiem, Nha xuat ban thong ke, Ha Noi 16 PGS.TS Nguyen Thua Loc, TS Tran Van Bao (2005), Giao trinh chien luac kinh doanh cua doanh nghiep thicang mai, NXB Lao dong - Xa hoi, Ha Noi 17 PGS.TS Nguyen Thua Loc (2006), Quan tri vdn kinh doanh cua cac doanh nghiep thuang mai Nha nuac tren dia ban Ha Noi thuc trang va gidi phap, NXB Thdng ke, Ha Noi 18 PGS.TS Nguyen Thua Loc, Nguyen Xuan Hda (2008), Gidi phap nang cao hieu qua su dung vdn dau tu cua BWN, Tap chi Kinh te & Phat trien, Ha Noi 19 PGS.TS Do Due Minh (2006), Tdi chinh Viet Nam 2001 - 2010, NXB Tai chinh, Ha Noi 20 Nghi dinh thu gia nhap WTO (2006), Phan II Bieu cam ket cu the ve dich > \ \ vu, muc ve dich vu tdi chinh, tai phan A ve bao hiem va cac dich vu lien quan den bao hiem 21 Nguyen Huu Ngoc (2006), Nha quan ly tdi chinh, NXB Lao dong - Xa hoi, Ha Noi 22 TS.Nguyen Nang Phuc (2004), Phan tich hieu qua dau tu tdi chinh cua doanh nghiep, Vnexpress.com.vn, Ha Noi 123 23 Qudc hoi nude Cong hoa xa hoi chu nghTa Viet Nam (1997), Luat cac to chuc tin dung so 07/1997/QHX, Ha Noi 24 Qudc hoi nude Cong hoa xa hoi chu nghia Viet Nam (2000), Luat Kinh doanh bao hiem Viet Nam, Nha xuat ban chinh tri qudc gia, Ha Noi 25 Tap doan Bao Viet (2007), Du thao Quy che tai chinh cua Tap doan Bao Viet, Ha Noi 26 Le Tien Toan (2007), Mot so giai phap nang cao hieu qua cong tac quan ly ngan quy tai Bao Viet Viet Nam, Luan van Thac sy Quan tri kinh doanh Qudc te, Trudng dai hoc Qudc gia Ha Noi 27 Tong cong ty Bao hiem Viet Nam (2002), He thong chi tieu phan tich tai chinh, Tong cong ty Bao hiem Viet Nam ban hanh 25/06/2002 kern theo QD sd: 1718 BV/TTDT/2002 v/v: Ban hanh he thong chi tieu phan tich tai chinh cho hoat dong dau tu 28 Tong cong ty Bao hiem Viet Nam (2004), Quy che dau tu von, Ha Noi 29 Tong cong ty Bao hiem Viet Nam, Bao cao tai chinh thudng men cac ndm 2004-2007, Ha Noi 30 Cac website: - www.vnexpress.net - www.vnn.vn - www.mof.gov.vn - www.vneconomy.com.vn - www.avi.org.vn - www.baoviet.com.vn - www.bvsc.com.vn - www.ssc.gov.vn - www.hastc.org.vn - www.vse.org.vn