{"id":65991,"date":"2026-03-27T09:09:16","date_gmt":"2026-03-27T02:09:16","guid":{"rendered":"https:\/\/hbbgroup.net\/usd-thb-energy-shock-pressures-baht-commerzbank\/"},"modified":"2026-03-27T10:25:50","modified_gmt":"2026-03-27T03:25:50","slug":"usd-thb-energy-shock-pressures-baht-commerzbank","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/vi\/usd-thb-energy-shock-pressures-baht-commerzbank\/","title":{"rendered":"USD\/THB: C\u00fa s\u1ed1c n\u0103ng l\u01b0\u1ee3ng g\u00e2y \u00e1p l\u1ef1c l\u00ean Baht \u2013 Commerzbank"},"content":{"rendered":"
\n

C\u00e1c nh\u00e0 kinh t\u1ebf Dr. Henry Hao v\u00e0 Moses Lim c\u1ee7a Commerzbank nh\u1ea5n m\u1ea1nh r\u1eb1ng USD\/THB \u0111\u00e3 t\u0103ng l\u00ean 32,65 khi c\u00e1n c\u00e2n th\u01b0\u01a1ng m\u1ea1i c\u1ee7a Th\u00e1i Lan ti\u1ebfp t\u1ee5c th\u00e2m h\u1ee5t v\u00e0 gi\u00e1 n\u0103ng l\u01b0\u1ee3ng to\u00e0n c\u1ea7u \u0111i l\u00ean. \u0110\u1ed3ng Baht Th\u00e1i (THB) \u0111\u00e3 di\u1ec5n bi\u1ebfn k\u00e9m h\u01a1n c\u00e1c \u0111\u1ed3ng ti\u1ec1n c\u00f9ng khu v\u1ef1c, gi\u1ea3m 3,5% so v\u1edbi \u0110\u00f4 la M\u1ef9 t\u1eeb \u0111\u1ea7u n\u0103m \u0111\u1ebfn nay, so v\u1edbi m\u1ee9c gi\u1ea3m trung b\u00ecnh 1,3% c\u1ee7a c\u00e1c \u0111\u1ed3ng ti\u1ec1n ch\u00e2u \u00c1 kh\u00f4ng bao g\u1ed3m Nh\u1eadt B\u1ea3n. Xu\u1ea5t kh\u1ea9u suy y\u1ebfu v\u00e0 gi\u00e1 d\u1ea7u t\u0103ng cao \u0111ang g\u00e2y \u00e1p l\u1ef1c l\u00ean tri\u1ec3n v\u1ecdng c\u1ee7a \u0111\u1ed3ng ti\u1ec1n n\u00e0y.<\/p>\n

Baht di\u1ec5n bi\u1ebfn k\u00e9m h\u01a1n c\u00e1c \u0111\u1ed3ng ti\u1ec1n c\u00f9ng khu v\u1ef1c<\/p>\n

\u201cH\u00f4m qua, USD\/THB t\u0103ng 0,3% l\u00ean 32,65. C\u1eb7p ti\u1ec1n n\u00e0y \u0111\u00e3 t\u0103ng \u0111\u1ec1u k\u1ec3 t\u1eeb \u0111\u1ea7u th\u00e1ng 3 khi gi\u00e1 n\u0103ng l\u01b0\u1ee3ng to\u00e0n c\u1ea7u leo thang v\u00e0 gi\u00e1 v\u00e0ng h\u1ea1 nhi\u1ec7t. T\u00ednh t\u1eeb \u0111\u1ea7u n\u0103m \u0111\u1ebfn nay, THB \u0111\u00e3 gi\u1ea3m 3,5% so v\u1edbi USD, trong khi m\u1ee9c b\u00ecnh qu\u00e2n c\u1ee7a c\u00e1c \u0111\u1ed3ng ti\u1ec1n ch\u00e2u \u00c1 kh\u00f4ng bao g\u1ed3m Nh\u1eadt B\u1ea3n l\u00e0 -1,3%.\u201d<\/p>\n

\u201cXu\u1ea5t kh\u1ea9u th\u00e1ng 2 suy y\u1ebfu m\u1ea1nh h\u01a1n d\u1ef1 ki\u1ebfn, ch\u1ec9 t\u0103ng 9,9% so v\u1edbi c\u00f9ng k\u1ef3 n\u0103m tr\u01b0\u1edbc (\u0111\u1ed3ng thu\u1eadn Bloomberg: 17,0%), th\u1ea5p h\u01a1n m\u1ee9c 24,4% c\u1ee7a th\u00e1ng 1 v\u00e0 l\u00e0 m\u1ee9c t\u0103ng y\u1ebfu nh\u1ea5t trong ba th\u00e1ng. Nh\u00ecn v\u1ec1 ph\u00eda tr\u01b0\u1edbc, V\u0103n ph\u00f2ng Ch\u00ednh s\u00e1ch v\u00e0 Chi\u1ebfn l\u01b0\u1ee3c Th\u01b0\u01a1ng m\u1ea1i (TPSO) cho r\u1eb1ng tri\u1ec3n v\u1ecdng t\u0103ng tr\u01b0\u1edfng xu\u1ea5t kh\u1ea9u \u0111ang \u0111\u1ed1i m\u1eb7t v\u1edbi r\u1ee7i ro hai chi\u1ec1u.\u201d<\/p>\n

\u201cNh\u1eadp kh\u1ea9u t\u0103ng v\u1ecdt 31,8% so v\u1edbi c\u00f9ng k\u1ef3 n\u0103m tr\u01b0\u1edbc (\u0111\u1ed3ng thu\u1eadn Bloomberg: 25,0%), cao h\u01a1n m\u1ee9c 29,4% c\u1ee7a th\u00e1ng 1 v\u00e0 l\u00e0 m\u1ee9c t\u0103ng m\u1ea1nh nh\u1ea5t k\u1ec3 t\u1eeb th\u00e1ng 12\/2021. Di\u1ec5n bi\u1ebfn n\u00e0y \u0111\u01b0\u1ee3c th\u00fac \u0111\u1ea9y b\u1edfi s\u1ef1 ph\u1ee5c h\u1ed3i c\u1ee7a ni\u1ec1m tin kinh doanh sau khi m\u00f4i tr\u01b0\u1eddng ch\u00ednh tr\u1ecb \u1ed5n \u0111\u1ecbnh h\u01a1n v\u00e0o cu\u1ed1i n\u0103m 2025. Nh\u1eadp kh\u1ea9u h\u00e0ng t\u01b0 li\u1ec7u s\u1ea3n xu\u1ea5t t\u0103ng 49,3% so v\u1edbi m\u1ee9c 29,5% c\u1ee7a th\u00e1ng 1, trong khi h\u00e0ng h\u00f3a trung gian t\u0103ng v\u1ecdt 53,3% so v\u1edbi m\u1ee9c 20,3% tr\u01b0\u1edbc \u0111\u00f3, ghi nh\u1eadn t\u1ed1c \u0111\u1ed9 t\u0103ng m\u1ea1nh nh\u1ea5t k\u1ec3 t\u1eeb th\u00e1ng 8\/2021. C\u00e1n c\u00e2n th\u01b0\u01a1ng m\u1ea1i ti\u1ebfp t\u1ee5c th\u00e2m h\u1ee5t ngo\u00e0i d\u1ef1 ki\u1ebfn kho\u1ea3ng 2,8 t\u1ef7 USD (\u0111\u1ed3ng thu\u1eadn Bloomberg: th\u1eb7ng d\u01b0 1,0 t\u1ef7 USD), sau m\u1ee9c th\u00e2m h\u1ee5t 3,3 t\u1ef7 USD trong th\u00e1ng 1.\u201d<\/p>\n

\u201cTPSO cho bi\u1ebft \u2018tri\u1ec3n v\u1ecdng xu\u1ea5t kh\u1ea9u ph\u1ee5 thu\u1ed9c v\u00e0o t\u00e1c \u0111\u1ed9ng c\u1ee7a chi\u1ebfn s\u1ef1 v\u00e0 vi\u1ec7c c\u00e1c nh\u00e0 nh\u1eadp kh\u1ea9u M\u1ef9 c\u00f3 \u0111\u1ea9y nhanh nh\u1eadp kh\u1ea9u tr\u01b0\u1edbc khi m\u1ee9c thu\u1ebf quan to\u00e0n c\u1ea7u 10% h\u1ebft hi\u1ec7u l\u1ef1c v\u00e0o th\u00e1ng 7 hay kh\u00f4ng. Ch\u00fang ta c\u1ea7n theo d\u00f5i y\u1ebfu t\u1ed1 n\u00e0o s\u1ebd c\u00f3 t\u00e1c \u0111\u1ed9ng s\u00e2u r\u1ed9ng h\u01a1n.\u2019 B\u1ed9 Th\u01b0\u01a1ng m\u1ea1i d\u1ef1 b\u00e1o xu\u1ea5t kh\u1ea9u n\u0103m 2026 s\u1ebd n\u1eb1m trong bi\u00ean \u0111\u1ed9 r\u1ed9ng t\u1eeb -3,1% \u0111\u1ebfn 1,1%, v\u1edbi \u0111\u1ee3t r\u00e0 so\u00e1t l\u1ea1i d\u1ef1 ki\u1ebfn di\u1ec5n ra v\u00e0o th\u00e1ng 4.\u201d<\/p>\n

(B\u00e0i vi\u1ebft n\u00e0y \u0111\u01b0\u1ee3c t\u1ea1o v\u1edbi s\u1ef1 h\u1ed7 tr\u1ee3 c\u1ee7a m\u1ed9t c\u00f4ng c\u1ee5 AI v\u00e0 \u0111\u00e3 \u0111\u01b0\u1ee3c m\u1ed9t bi\u00ean t\u1eadp vi\u00ean r\u00e0 so\u00e1t.)<\/em><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

C\u00e1c nh\u00e0 kinh t\u1ebf Dr. Henry Hao v\u00e0 Moses Lim c\u1ee7a Commerzbank nh\u1ea5n m\u1ea1nh r\u1eb1ng USD\/THB \u0111\u00e3 t\u0103ng l\u00ean 32,65 […]<\/p>","protected":false},"author":5,"featured_media":65992,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[222],"tags":[],"class_list":["post-65991","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ngoai-hoi"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/65991","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/comments?post=65991"}],"version-history":[{"count":1,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/65991\/revisions"}],"predecessor-version":[{"id":66150,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/65991\/revisions\/66150"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media\/65992"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media?parent=65991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/categories?post=65991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/tags?post=65991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}