{"id":8978,"date":"2026-01-05T09:07:18","date_gmt":"2026-01-05T09:07:18","guid":{"rendered":"https:\/\/www.mdwcc.com\/?p=8978"},"modified":"2026-01-05T09:07:21","modified_gmt":"2026-01-05T09:07:21","slug":"the-geopolitical-shift-following-maduros-arrest-a-black-swan-event-shaking-up-the-global-energy-and-financial-landscape","status":"publish","type":"post","link":"https:\/\/www.mdwcc.com\/vi\/the-geopolitical-shift-following-maduros-arrest-a-black-swan-event-shaking-up-the-global-energy-and-financial-landscape\/","title":{"rendered":"S\u1ef1 thay \u0111\u1ed5i \u0111\u1ecba ch\u00ednh tr\u1ecb sau v\u1ee5 b\u1eaft gi\u1eef Maduro \u2013 s\u1ef1 ki\u1ec7n \u201cthi\u00ean nga \u0111en\u201d l\u00e0m rung chuy\u1ec3n c\u1ee5c di\u1ec7n n\u0103ng l\u01b0\u1ee3ng v\u00e0 t\u00e0i ch\u00ednh to\u00e0n c\u1ea7u"},"content":{"rendered":"

Ng\u00e0y 3\/1\/2026, T\u1ed5ng th\u1ed1ng M\u1ef9 Trump th\u00f4ng b\u00e1o qu\u00e2n \u0111\u1ed9i M\u1ef9 \u0111\u00e3 b\u1eaft gi\u1eef T\u1ed5ng th\u1ed1ng Venezuela Maduro v\u00e0 phu nh\u00e2n. S\u1ef1 ki\u1ec7n \u0111\u1ecba ch\u00ednh tr\u1ecb b\u1ea5t ng\u1edd n\u00e0y kh\u00f4ng ch\u1ec9 l\u00e0m m\u1ea5t c\u00e2n b\u1eb1ng ch\u00ednh tr\u1ecb \u1edf T\u00e2y b\u00e1n c\u1ea7u m\u00e0 c\u00f2n t\u00e1c \u0111\u1ed9ng n\u1eb7ng n\u1ec1 \u0111\u1ebfn th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh to\u00e0n c\u1ea7u. L\u00e0 qu\u1ed1c gia c\u00f3 tr\u1eef l\u01b0\u1ee3ng d\u1ea7u m\u1ecf l\u1edbn nh\u1ea5t th\u1ebf gi\u1edbi, bi\u1ebfn \u0111\u1ed9ng ch\u00ednh tr\u1ecb b\u1ea5t ng\u1edd c\u1ee7a Venezuela \u0111\u00e3 t\u00e1c \u0111\u1ed9ng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn chu\u1ed7i c\u00f4ng nghi\u1ec7p n\u0103ng l\u01b0\u1ee3ng, v\u1edbi ph\u1ea3n \u1ee9ng d\u00e2y chuy\u1ec1n lan sang c\u00e1c l\u0129nh v\u1ef1c t\u00e0i ch\u00ednh nh\u01b0 t\u00edn d\u1ee5ng qu\u1ed1c gia, \u0111\u1ea7u t\u01b0 xuy\u00ean bi\u00ean gi\u1edbi v\u00e0 h\u1ee3p t\u00e1c kinh t\u1ebf khu v\u1ef1c, t\u1eeb \u0111\u00f3 b\u1eaft \u0111\u1ea7u v\u1ea1ch ra qu\u00e1 tr\u00ecnh t\u00e1i c\u01a1 c\u1ea5u b\u1ed1i c\u1ea3nh t\u00e0i ch\u00ednh n\u0103ng l\u01b0\u1ee3ng to\u00e0n c\u1ea7u. Venezuela s\u1edf h\u1eefu 17% tr\u1eef l\u01b0\u1ee3ng d\u1ea7u c\u1ee7a th\u1ebf gi\u1edbi v\u00e0 m\u1eb7c d\u00f9 s\u1ea3n l\u01b0\u1ee3ng c\u1ee7a n\u01b0\u1edbc n\u00e0y ch\u1ec9 chi\u1ebfm 1% t\u1ed5ng s\u1ea3n l\u01b0\u1ee3ng to\u00e0n c\u1ea7u do c\u00e1c l\u1ec7nh tr\u1eebng ph\u1ea1t v\u00e0 \u0111\u1ea7u t\u01b0 kh\u00f4ng \u0111\u1ee7, nh\u01b0ng l\u1ee3i th\u1ebf d\u1ef1 tr\u1eef c\u1ee7a n\u01b0\u1edbc n\u00e0y khi\u1ebfn n\u01b0\u1edbc n\u00e0y tr\u1edf th\u00e0nh m\u1ed9t bi\u1ebfn s\u1ed1 quan tr\u1ecdng. Sau s\u1ef1 ki\u1ec7n n\u00e0y, gi\u00e1 d\u1ea7u qu\u1ed1c t\u1ebf t\u0103ng \u0111\u00e1ng k\u1ec3, v\u1edbi gi\u00e1 d\u1ea7u th\u00f4 k\u1ef3 h\u1ea1n New York v\u00e0 Brent t\u0103ng h\u01a1n 3% trong ng\u1eafn h\u1ea1n v\u00e0 t\u00e2m l\u00fd lo ng\u1ea1i r\u1ee7i ro th\u00fac \u0111\u1ea9y h\u00e0ng h\u00f3a n\u0103ng l\u01b0\u1ee3ng.<\/p>\n

<\/a>Ph\u00ed b\u1ea3o hi\u1ec3m r\u1ee7i ro t\u0103ng v\u00e0 t\u00e1i c\u01a1 c\u1ea5u c\u00e1c m\u00f4 h\u00ecnh cung \u1ee9ng d\u00e0i h\u1ea1n<\/strong><\/p>\n

Trong ng\u1eafn h\u1ea1n, nguy\u00ean nh\u00e2n c\u1ed1t l\u00f5i c\u1ee7a bi\u1ebfn \u0111\u1ed9ng gi\u00e1 d\u1ea7u l\u00e0 ph\u1ea7n b\u00f9 r\u1ee7i ro gia t\u0103ng do ngu\u1ed3n cung kh\u00f4ng ch\u1eafc ch\u1eafn. Ho\u1ea1t \u0111\u1ed9ng qu\u00e2n s\u1ef1 c\u1ee7a M\u1ef9 \u0111\u00e3 d\u1eabn \u0111\u1ebfn m\u1ea5t \u0111i\u1ec7n v\u00e0 g\u00e2y h\u01b0 h\u1ea1i cho c\u00e1c c\u01a1 s\u1edf quan tr\u1ecdng \u1edf Caracas, khi\u1ebfn ho\u1ea1t \u0111\u1ed9ng s\u1ea3n xu\u1ea5t v\u00e0 xu\u1ea5t kh\u1ea9u d\u1ea7u m\u1ecf b\u1ecb gi\u00e1n \u0111o\u1ea1n trong th\u1eddi gian ng\u1eafn. Zhou Zhiwei, nh\u00e0 nghi\u00ean c\u1ee9u t\u1ea1i Vi\u1ec7n Nghi\u00ean c\u1ee9u M\u1ef9 Latinh thu\u1ed9c Vi\u1ec7n Khoa h\u1ecdc X\u00e3 h\u1ed9i Trung Qu\u1ed1c, ch\u1ec9 ra r\u1eb1ng m\u1eb7c d\u00f9 s\u1ea3n l\u01b0\u1ee3ng d\u1ea7u th\u00f4 c\u1ee7a Venezuela c\u00f2n h\u1ea1n ch\u1ebf nh\u01b0ng l\u1ee3i th\u1ebf d\u1ef1 tr\u1eef c\u1ee7a n\u01b0\u1edbc n\u00e0y v\u1eabn l\u00e0m d\u1ea5y l\u00ean lo ng\u1ea1i v\u1ec1 s\u1ef1 \u1ed5n \u0111\u1ecbnh c\u1ee7a ngu\u1ed3n cung n\u0103ng l\u01b0\u1ee3ng to\u00e0n c\u1ea7u, g\u00f3p ph\u1ea7n khi\u1ebfn gi\u00e1 d\u1ea7u t\u0103ng trong ng\u1eafn h\u1ea1n. Tuy\u00ean b\u1ed1 c\u1ee7a M\u1ef9 duy tr\u00ec c\u00e1c bi\u1ec7n ph\u00e1p tr\u1eebng ph\u1ea1t trong khi l\u00ean k\u1ebf ho\u1ea1ch \u201ctham gia s\u00e2u\u201d v\u00e0o l\u0129nh v\u1ef1c d\u1ea7u m\u1ecf c\u1ee7a Venezuela v\u00e0 \u0111\u1ea7u t\u01b0 h\u00e0ng t\u1ef7 \u0111\u00f4 la v\u00e0o s\u1eeda ch\u1eefa c\u01a1 s\u1edf h\u1ea1 t\u1ea7ng c\u00e0ng c\u1ee7ng c\u1ed1 th\u00eam k\u1ef3 v\u1ecdng v\u1ec1 vi\u1ec7c t\u00e1i c\u01a1 c\u1ea5u b\u1ed1i c\u1ea3nh ngu\u1ed3n cung.<\/p>\n

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V\u1ec1 l\u00e2u d\u00e0i, vi\u1ec7c t\u00e1i c\u01a1 c\u1ea5u ng\u00e0nh d\u1ea7u m\u1ecf c\u1ee7a Venezuela s\u1ebd \u0111\u1ecbnh h\u00ecnh l\u1ea1i b\u1ed1i c\u1ea3nh c\u1ea1nh tranh to\u00e0n c\u1ea7u v\u1ec1 d\u1ea7u th\u00f4 n\u1eb7ng. D\u1ea7u th\u00f4 c\u1ee7a Venezuela ch\u1ee7 y\u1ebfu c\u00f3 h\u00e0m l\u01b0\u1ee3ng l\u01b0u hu\u1ef3nh cao v\u00e0 n\u1eb7ng, r\u1ea5t ph\u00f9 h\u1ee3p v\u1edbi c\u00f4ng su\u1ea5t c\u1ee7a c\u00e1c nh\u00e0 m\u00e1y l\u1ecdc d\u1ea7u \u1edf B\u1edd V\u1ecbnh Hoa K\u1ef3. C\u00e1c bi\u1ec7n ph\u00e1p tr\u1eebng ph\u1ea1t tr\u01b0\u1edbc \u0111\u00e2y bu\u1ed9c c\u00e1c nh\u00e0 m\u00e1y l\u1ecdc d\u1ea7u c\u1ee7a M\u1ef9 ph\u1ea3i chuy\u1ec3n sang d\u00f9ng d\u1ea7u th\u00f4 n\u1eb7ng c\u1ee7a Mexico v\u00e0 Colombia l\u00e0m s\u1ea3n ph\u1ea9m thay th\u1ebf, d\u1eabn \u0111\u1ebfn chi ph\u00ed cao. N\u1ebfu M\u1ef9 n\u1edbi l\u1ecfng c\u00e1c h\u1ea1n ch\u1ebf xu\u1ea5t kh\u1ea9u, c\u00e1c c\u00f4ng ty d\u1ea7u m\u1ecf c\u1ee7a M\u1ef9 s\u1ebd \u0111\u01b0\u1ee3c h\u01b0\u1edfng l\u1ee3i tr\u01b0\u1edbc ti\u00ean, trong \u0111\u00f3 c\u00e1c nh\u00e0 m\u00e1y l\u1ecdc d\u1ea7u \u1edf B\u1edd V\u1ecbnh c\u00f3 \u0111\u01b0\u1ee3c l\u1ee3i th\u1ebf v\u1ec1 chi ph\u00ed v\u00e0 l\u00e0m thay \u0111\u1ed5i d\u00f2ng ch\u1ea3y th\u01b0\u01a1ng m\u1ea1i d\u1ea7u th\u00f4 n\u1eb7ng to\u00e0n c\u1ea7u. Ng\u01b0\u1ee3c l\u1ea1i, th\u1ecb ph\u1ea7n xu\u1ea5t kh\u1ea9u 3,3 tri\u1ec7u th\u00f9ng d\u1ea7u th\u00f4 c\u00e1t n\u1eb7ng h\u00e0ng ng\u00e0y c\u1ee7a Canada sang M\u1ef9 s\u1ebd b\u1ecb x\u00f3i m\u00f2n, h\u1ea1n ch\u1ebf ti\u1ec1m n\u0103ng t\u0103ng tr\u01b0\u1edfng c\u1ee7a ch\u00eanh l\u1ec7ch gi\u00e1 d\u1ea7u th\u00f4 n\u1eb7ng v\u00e0 l\u00e0m suy y\u1ebfu kh\u1ea3 n\u0103ng ph\u1ee5c h\u1ed3i l\u1ee3i nhu\u1eadn l\u00e2u d\u00e0i c\u1ee7a c\u00e1c c\u00f4ng ty Canada.<\/p>\n

<\/a>\u0110\u1ecbnh h\u00ecnh l\u1ea1i c\u1ee5c di\u1ec7n t\u1eeb th\u01b0\u01a1ng m\u1ea1i n\u0103ng l\u01b0\u1ee3ng \u0111\u1ebfn \u0111\u1ea7u t\u01b0 xuy\u00ean bi\u00ean gi\u1edbi<\/strong><\/p>\n

S\u1ef1 b\u1ea5t \u1ed5n ch\u00ednh tr\u1ecb \u0111ang lan r\u1ed9ng tr\u00ean to\u00e0n c\u1ea7u th\u00f4ng qua c\u00e1c c\u01a1 ch\u1ebf t\u00e0i ch\u00ednh chu\u1ed7i cung \u1ee9ng. L\u00e0 m\u1ed9t n\u1ec1n kinh t\u1ebf \u0111\u1ecbnh h\u01b0\u1edbng xu\u1ea5t kh\u1ea9u d\u1ea7u m\u1ecf, tr\u1eadt t\u1ef1 th\u01b0\u01a1ng m\u1ea1i b\u1ecb gi\u00e1n \u0111o\u1ea1n c\u1ee7a Venezuela \u0111e d\u1ecda tr\u1ef1c ti\u1ebfp \u0111\u1ebfn an ninh t\u00e0i ch\u00ednh c\u1ee7a c\u00e1c \u0111\u1ed1i t\u00e1c th\u01b0\u1ee3ng ngu\u1ed3n v\u00e0 h\u1ea1 ngu\u1ed3n. S\u1ef1 gi\u00e1n \u0111o\u1ea1n c\u1ee7a c\u1ea3ng \u0111\u00e3 l\u00e0m t\u0103ng nguy c\u01a1 v\u1ee1 n\u1ee3 trong c\u00e1c h\u1ee3p \u0111\u1ed3ng xu\u1ea5t kh\u1ea9u d\u1ea7u th\u00f4, khi\u1ebfn c\u00e1c c\u01a1 quan t\u00edn d\u1ee5ng qu\u1ed1c t\u1ebf ph\u1ea3i ki\u1ec3m tra l\u1ea1i c\u00e1c t\u00e0i li\u1ec7u li\u00ean quan v\u00e0 l\u00e0m t\u0103ng chi ph\u00ed t\u00e0i tr\u1ee3 th\u01b0\u01a1ng m\u1ea1i n\u0103ng l\u01b0\u1ee3ng xuy\u00ean bi\u00ean gi\u1edbi.<\/p>\n

T\u00e1c \u0111\u1ed9ng \u0111\u1ebfn \u0111\u1ea7u t\u01b0 xuy\u00ean bi\u00ean gi\u1edbi s\u00e2u s\u1eafc h\u01a1n. Kho\u1ea3ng tr\u1ed1ng quy\u1ec1n l\u1ef1c \u0111\u00e3 xu\u1ea5t hi\u1ec7n \u1edf Venezuela, vi\u1ec7c ti\u1ebfp qu\u1ea3n ph\u00f3 t\u1ed5ng th\u1ed1ng thi\u1ebfu s\u1ef1 h\u1ed7 tr\u1ee3 c\u1ee7a qu\u00e2n \u0111\u1ed9i, phe \u0111\u1ed1i l\u1eadp b\u1ecb chia c\u1eaft, ni\u1ec1m tin c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i s\u1ee5p \u0111\u1ed5, v\u00e0 c\u00e1c d\u1ef1 \u00e1n \u0111\u1ea7u t\u01b0 c\u01a1 s\u1edf h\u1ea1 t\u1ea7ng n\u0103ng l\u01b0\u1ee3ng v\u00e0 khai th\u00e1c m\u1ecf \u1edf Venezuela \u0111\u00e3 b\u1ecb \u0111\u00ecnh ch\u1ec9. V\u1ed1n \u0111\u1ea7u t\u01b0 tr\u1ef1c ti\u1ebfp c\u1ee7a Trung Qu\u1ed1c v\u00e0o Venezuela l\u00e0 588 tri\u1ec7u USD (cu\u1ed1i n\u0103m 2021) v\u00e0 vi\u1ec7c th\u1ef1c hi\u1ec7n th\u1ecfa thu\u1eadn h\u1ee3p t\u00e1c Trung Qu\u1ed1c-Venezuela v\u1eabn ch\u01b0a ch\u1eafc ch\u1eafn. K\u1ebf ho\u1ea1ch c\u1ee7a Hoa K\u1ef3 x\u00e9t x\u1eed Maduro \u1edf New York \u0111\u00e3 l\u00e0m tr\u1ea7m tr\u1ecdng th\u00eam cu\u1ed9c \u0111\u1ed1i \u0111\u1ea7u v\u00e0 ph\u1ea7n b\u00f9 r\u1ee7i ro cho \u0111\u1ea7u t\u01b0 qu\u1ed1c t\u1ebf v\u00e0o Venezuela s\u1ebd v\u1eabn \u1edf m\u1ee9c cao.<\/p>\n

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H\u1ec7 th\u1ed1ng h\u1ee3p t\u00e1c kinh t\u1ebf khu v\u1ef1c \u0111\u00e3 b\u1ecb t\u1ed5n h\u1ea1i. L\u00e0 th\u00e0nh vi\u00ean c\u1ed1t l\u00f5i c\u1ee7a h\u1ec7 th\u1ed1ng kinh t\u1ebf M\u1ef9 Latinh v\u00e0 k\u1ebf ho\u1ea1ch d\u1ea7u m\u1ecf Caribe, s\u1ef1 b\u1ea5t \u1ed5n ch\u00ednh tr\u1ecb c\u1ee7a Venezuela c\u00f3 th\u1ec3 d\u1eabn \u0111\u1ebfn s\u1ef1 tr\u00ec tr\u1ec7 c\u1ee7a c\u00e1c c\u01a1 ch\u1ebf h\u1ee3p t\u00e1c khu v\u1ef1c. Th\u01b0\u01a1ng m\u1ea1i gi\u1eefa Venezuela v\u00e0 c\u00e1c n\u01b0\u1edbc l\u00e1ng gi\u1ec1ng nh\u01b0 Brazil v\u00e0 Argentina \u0111\u00e3 b\u1ecb thu h\u1eb9p, h\u00e0ng xu\u1ea5t kh\u1ea9u c\u1ee7a Brazil sang Venezuela ph\u1ea3i \u0111\u1ed1i m\u1eb7t v\u1edbi r\u1ee7i ro thanh to\u00e1n v\u00e0 m\u1ed9t s\u1ed1 khu \u0111\u1ecbnh c\u01b0 xuy\u00ean bi\u00ean gi\u1edbi \u0111\u00e3 b\u1ecb \u0111\u00ecnh ch\u1ec9. H\u00e0nh \u0111\u1ed9ng c\u1ee7a M\u1ef9 c\u00f3 th\u1ec3 g\u00e2y ra s\u1ef1 ph\u00e2n c\u1ef1c ch\u00ednh tr\u1ecb \u1edf M\u1ef9 Latinh v\u00e0 s\u1ef1 tr\u1ed7i d\u1eady c\u1ee7a c\u00e1nh h\u1eefu c\u00f3 th\u1ec3 c\u1ea3n tr\u1edf qu\u00e1 tr\u00ecnh h\u1ed9i nh\u1eadp khu v\u1ef1c.<\/p>\n

<\/a>Lo ng\u1ea1i r\u1ee7i ro ng\u1eafn h\u1ea1n v\u00e0 t\u00e1i thi\u1ebft tr\u1eadt t\u1ef1 d\u00e0i h\u1ea1n<\/strong><\/p>\n

Sau s\u1ef1 ki\u1ec7n n\u00e0y, t\u00e2m l\u00fd e ng\u1ea1i r\u1ee7i ro ng\u00e0y c\u00e0ng gia t\u0103ng tr\u00ean th\u1ecb tr\u01b0\u1eddng v\u1ed1n to\u00e0n c\u1ea7u, v\u1edbi c\u00e1c t\u00e0i s\u1ea3n tr\u00fa \u1ea9n an to\u00e0n truy\u1ec1n th\u1ed1ng nh\u01b0 v\u00e0ng v\u00e0 \u0111\u1ed3ng \u0111\u00f4 la M\u1ef9 t\u0103ng gi\u00e1, \u0111\u1ed3ng th\u1eddi ti\u1ec1n t\u1ec7 c\u1ee7a c\u00e1c th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i m\u1ea5t gi\u00e1. Th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n M\u1ef9 Latinh d\u1eabn \u0111\u1ea7u s\u1ef1 s\u1ee5t gi\u1ea3m, v\u1edbi ch\u1ec9 s\u1ed1 IBOVESPA c\u1ee7a Brazil v\u00e0 MERV c\u1ee7a Argentina gi\u1ea3m h\u01a1n 2% trong ng\u00e0y, \u0111\u1ed3ng th\u1eddi c\u00e1c l\u0129nh v\u1ef1c n\u0103ng l\u01b0\u1ee3ng v\u00e0 n\u00f4ng nghi\u1ec7p ch\u1ecbu \u00e1p l\u1ef1c. V\u1ed1n qu\u1ed1c t\u1ebf t\u0103ng t\u1ed1c r\u00fat kh\u1ecfi c\u00e1c th\u1ecb tr\u01b0\u1eddng M\u1ef9 Latinh m\u1edbi n\u1ed5i v\u00e0 ch\u1ea3y v\u00e0o t\u00e0i s\u1ea3n b\u1eb1ng \u0111\u1ed3ng \u0111\u00f4 la M\u1ef9 v\u00e0 tr\u00e1i phi\u1ebfu c\u1ee7a c\u00e1c n\u1ec1n kinh t\u1ebf ph\u00e1t tri\u1ec3n, \u0111\u1ea9y l\u00e3i su\u1ea5t tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7 v\u00e0 chi ph\u00ed t\u00e0i ch\u00ednh c\u1ee7a M\u1ef9 Latinh t\u0103ng cao.<\/p>\n

V\u00e0ng \u0111\u00e3 tr\u1edf th\u00e0nh t\u00e0i s\u1ea3n tr\u00fa \u1ea9n an to\u00e0n \u0111\u01b0\u1ee3c h\u01b0\u1edfng l\u1ee3i ch\u00ednh. Gi\u00e1 v\u00e0ng qu\u1ed1c t\u1ebf b\u01b0\u1edbc v\u00e0o th\u1ecb tr\u01b0\u1eddng t\u0103ng tr\u01b0\u1edfng v\u00e0o n\u0103m 2025, v\u1edbi m\u1ee9c t\u0103ng h\u01a1n 70% t\u1eeb \u0111\u1ea7u n\u0103m \u0111\u1ebfn nay, \u0111\u1ea1t m\u1ee9c 4.600 USD\/ounce v\u00e0o cu\u1ed1i n\u0103m; trong phi\u00ean giao d\u1ecbch \u0111\u1ea7u ti\u00ean sau s\u1ef1 ki\u1ec7n, gi\u00e1 t\u0103ng 1,8%, \u0111\u1ea1t g\u1ea7n 4.700 USD\/ounce. Logic c\u1ed1t l\u00f5i l\u00e0: l\u01b0\u1ee3ng n\u1eafm gi\u1eef c\u1ee7a ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng to\u00e0n c\u1ea7u ti\u1ebfp t\u1ee5c t\u0103ng (Trung Qu\u1ed1c \u0111\u00e3 t\u0103ng l\u01b0\u1ee3ng n\u1eafm gi\u1eef trong 13 th\u00e1ng li\u00ean ti\u1ebfp v\u00e0 c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng to\u00e0n c\u1ea7u \u0111\u00e3 mua r\u00f2ng h\u01a1n 1.000 t\u1ea5n trong ba n\u0103m, n\u00e2ng t\u1ef7 l\u1ec7 d\u1ef1 tr\u1eef v\u00e0ng l\u00ean 20%); Chu k\u1ef3 c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t c\u1ee7a Fed (l\u00e3i su\u1ea5t c\u1eaft gi\u1ea3m t\u00edch l\u0169y 75 \u0111i\u1ec3m c\u01a1 b\u1ea3n k\u1ec3 t\u1eeb th\u00e1ng 9 n\u0103m 2025, v\u1edbi hai l\u1ea7n c\u1eaft gi\u1ea3m n\u1eefa d\u1ef1 ki\u1ebfn \u200b\u200b\u200b\u200bv\u00e0o n\u0103m 2026) l\u00e0m gi\u1ea3m chi ph\u00ed n\u1eafm gi\u1eef, c\u00f9ng v\u1edbi r\u1ee7i ro \u0111\u1ecba ch\u00ednh tr\u1ecb. C\u00e1c t\u1ed5 ch\u1ee9c d\u1ef1 \u0111o\u00e1n n\u1ebfu t\u00ecnh h\u00ecnh x\u1ea5u \u0111i, gi\u00e1 v\u00e0ng c\u00f3 th\u1ec3 \u0111\u1ea1t 6.000 USD\/ounce v\u00e0o n\u0103m 2026.<\/p>\n

<\/p>\n

S\u1ef1 k\u1ebft h\u1ee3p tr\u00fa \u1ea9n an to\u00e0n gi\u1eefa \u0111\u1ed3ng \u0111\u00f4 la M\u1ef9 v\u00e0 Kho b\u1ea1c Hoa K\u1ef3 \u0111ang ph\u00e2n h\u00f3a. Ch\u1ec9 s\u1ed1 \u0111\u00f4 la M\u1ef9 t\u0103ng 0,5% trong ng\u1eafn h\u1ea1n, \u0111\u01b0\u1ee3c h\u01b0\u1edfng l\u1ee3i t\u1eeb d\u00f2ng v\u1ed1n ch\u1ea3y ra t\u1eeb M\u1ef9 Latinh, nh\u01b0ng s\u1ee9c m\u1ea1nh trung v\u00e0 d\u00e0i h\u1ea1n c\u1ee7a n\u00f3 y\u1ebfu (d\u1ef1 ki\u1ebfn \u200b\u200bs\u1ebd gi\u1ea3m g\u1ea7n 10% v\u00e0o n\u0103m 2025, t\u1ec7 nh\u1ea5t trong 8 n\u0103m v\u00e0 t\u1ef7 tr\u1ecdng d\u1ef1 tr\u1eef \u0111\u00f4 la M\u1ef9 s\u1ebd gi\u1ea3m xu\u1ed1ng 58%). Trong ng\u1eafn h\u1ea1n, Kho b\u1ea1c Hoa K\u1ef3 \u0111\u00e3 tr\u1edf th\u00e0nh n\u01a1i tr\u00fa \u1ea9n an to\u00e0n cho thanh kho\u1ea3n, v\u1edbi l\u1ee3i su\u1ea5t k\u1ef3 h\u1ea1n 10 n\u0103m gi\u1ea3m 3 \u0111i\u1ec3m c\u01a1 b\u1ea3n v\u00e0 l\u1ee3i su\u1ea5t 3 th\u00e1ng th\u1eadm ch\u00ed c\u00f2n gi\u1ea3m \u0111\u00e1ng k\u1ec3. Tuy nhi\u00ean, t\u00ednh kh\u00f4ng b\u1ec1n v\u1eefng c\u1ee7a vi\u1ec7c m\u1edf r\u1ed9ng n\u1ee3 c\u1ee7a M\u1ef9 s\u1ebd l\u00e0m gi\u1ea3m gi\u00e1 tr\u1ecb ph\u00e2n b\u1ed5 c\u1ee7a n\u00f3 trong d\u00e0i h\u1ea1n.<\/p>\n

<\/a>Tr\u00f2 ch\u01a1i d\u00e0i h\u1ea1n nh\u1eb1m \u0111\u1ecbnh h\u00ecnh l\u1ea1i b\u1ed1i c\u1ea3nh t\u00e0i ch\u00ednh n\u0103ng l\u01b0\u1ee3ng<\/strong><\/p>\n

Kinh nghi\u1ec7m l\u1ecbch s\u1eed cho th\u1ea5y c\u00e1c s\u1ef1 ki\u1ec7n \u0111\u1ecba ch\u00ednh tr\u1ecb c\u00f3 t\u00e1c \u0111\u1ed9ng h\u1ea1n ch\u1ebf \u0111\u1ebfn n\u01a1i tr\u00fa \u1ea9n an to\u00e0n trong ng\u1eafn h\u1ea1n v\u00e0 ti\u1ec1n c\u00f3 xu h\u01b0\u1edbng quay tr\u1edf l\u1ea1i c\u00e1c t\u00e0i s\u1ea3n r\u1ee7i ro. Tuy nhi\u00ean, v\u1edbi vi\u1ec7c Fed c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t, \u0111\u1ed9 tin c\u1eady c\u1ee7a \u0111\u1ed3ng \u0111\u00f4 la suy y\u1ebfu v\u00e0 xu h\u01b0\u1edbng phi \u0111\u00f4 la h\u00f3a, gi\u00e1 tr\u1ecb ph\u00e2n b\u1ed5 trung v\u00e0 d\u00e0i h\u1ea1n c\u1ee7a v\u00e0ng \u0111\u01b0\u1ee3c n\u00eau b\u1eadt v\u00e0 d\u1ef1 ki\u1ebfn \u200b\u200b\u200b\u200bs\u1ebd t\u0103ng v\u00e0o n\u0103m 2026, chuy\u1ec3n t\u1eeb c\u00f4ng c\u1ee5 ph\u00f2ng ng\u1eeba r\u1ee7i ro theo chu k\u1ef3 sang t\u00e0i s\u1ea3n c\u1ed1t l\u00f5i d\u00e0i h\u1ea1n. Vi\u1ec7c M\u1ef9 b\u1eaft gi\u1eef m\u1ed9t nguy\u00ean th\u1ee7 qu\u1ed1c gia n\u01b0\u1edbc ngo\u00e0i l\u00e0m suy y\u1ebfu n\u1ec1n t\u1ea3ng t\u00edn d\u1ee5ng qu\u1ed1c gia, c\u00f3 kh\u1ea3 n\u0103ng l\u00e0m t\u0103ng chi ph\u00ed t\u00e0i ch\u00ednh xuy\u00ean bi\u00ean gi\u1edbi \u1edf c\u00e1c th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i v\u00e0 thu h\u1eb9p c\u00e1c k\u00eanh t\u00e0i tr\u1ee3 cho c\u00e1c qu\u1ed1c gia c\u00f3 quan \u0111i\u1ec3m kh\u00e1c nhau. Vi\u1ec7c b\u1eaft gi\u1eef Maduro l\u00e0 \u0111\u1ed9ng th\u00e1i chi\u1ebfn l\u01b0\u1ee3c c\u1ee7a M\u1ef9 nh\u1eb1m ki\u1ec3m so\u00e1t d\u1ea7u m\u1ecf Venezuela v\u00e0 c\u1ee7ng c\u1ed1 quy\u1ec1n b\u00e1 ch\u1ee7 n\u0103ng l\u01b0\u1ee3ng c\u1ee7a n\u01b0\u1edbc n\u00e0y, \u0111i\u1ec1u n\u00e0y s\u1ebd g\u00e2y ra nh\u1eefng r\u1ee7i ro ng\u1eafn h\u1ea1n nh\u01b0 bi\u1ebfn \u0111\u1ed9ng gi\u00e1 d\u1ea7u v\u00e0 d\u00f2ng v\u1ed1n ch\u1ea3y ra ngo\u00e0i; v\u1ec1 l\u00e2u d\u00e0i, n\u00f3 s\u1ebd \u0111\u1ea9y nhanh qu\u00e1 tr\u00ecnh t\u00e1i c\u01a1 c\u1ea5u b\u1ed1i c\u1ea3nh t\u00e0i ch\u00ednh n\u0103ng l\u01b0\u1ee3ng v\u00e0 c\u00e1c th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i s\u1ebd t\u0103ng c\u01b0\u1eddng h\u1ee3p t\u00e1c \u0111a d\u1ea1ng. S\u1ef1 ki\u1ec7n n\u00e0y n\u00eau b\u1eadt v\u1ecb tr\u00ed c\u1ed1t l\u00f5i c\u1ee7a r\u1ee7i ro \u0111\u1ecba ch\u00ednh tr\u1ecb, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n \u0111\u00e1nh gi\u00e1 l\u1ea1i r\u1ee7i ro c\u1ee7a chu\u1ed7i ng\u00e0nh n\u0103ng l\u01b0\u1ee3ng v\u00e0 t\u00e0i s\u1ea3n \u1edf th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i; \u0111\u1ed3ng th\u1eddi, ki\u1ec1m ch\u1ebf ch\u1ee7 ngh\u0129a \u0111\u01a1n ph\u01b0\u01a1ng v\u00e0 b\u1ea3o v\u1ec7 quy\u1ec1n ch\u1ee7 quy\u1ec1n \u0111\u00e3 tr\u1edf th\u00e0nh v\u1ea5n \u0111\u1ec1 quan tr\u1ecdng trong qu\u1ea3n tr\u1ecb t\u00e0i ch\u00ednh to\u00e0n c\u1ea7u v\u00e0 c\u00e1c ph\u1ea3n \u1ee9ng d\u00e2y chuy\u1ec1n c\u1ee7a ch\u00fang v\u1eabn ch\u01b0a th\u1ec3 hi\u1ec7n \u0111\u1ea7y \u0111\u1ee7.<\/p>","protected":false},"excerpt":{"rendered":"

V\u1ee5 b\u1eaft gi\u1eef t\u1ed5ng th\u1ed1ng Venezuela c\u1ee7a M\u1ef9 \u0111\u00e3 \u0111\u1ecbnh h\u00ecnh l\u1ea1i th\u1ecb tr\u01b0\u1eddng n\u0103ng l\u01b0\u1ee3ng to\u00e0n c\u1ea7u, th\u00fac \u0111\u1ea9y bi\u1ebfn \u0111\u1ed9ng gi\u00e1 d\u1ea7u, lo ng\u1ea1i r\u1ee7i ro v\u00e0 nh\u1eefng thay \u0111\u1ed5i d\u00e0i h\u1ea1n trong t\u00e0i ch\u00ednh n\u0103ng l\u01b0\u1ee3ng.<\/p>","protected":false},"author":1,"featured_media":8979,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[115],"tags":[204,500,501],"class_list":["post-8978","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-news","tag-geopolitical-risk","tag-oil-price-volatility","tag-venezuela-crisis"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/posts\/8978","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/comments?post=8978"}],"version-history":[{"count":1,"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/posts\/8978\/revisions"}],"predecessor-version":[{"id":8983,"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/posts\/8978\/revisions\/8983"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/media\/8979"}],"wp:attachment":[{"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/media?parent=8978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/categories?post=8978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/tags?post=8978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}