WUèQJLKặFKQJKLYLáWQDP NKRDLáQLáQWỉWXELàQ OXQYrQWWQJKLS 7rQvWwL/S7UQK7UX\Q6ơ/LX*LD+DL0\7ÂQK7K{QJ4XD&êQJ&20 6LQKYLzQ9à7UQ7X\zQ /Sw79w+ *9K}QJGQ7KV1JX\Q3K}|QJ/yP PêFOêF 7UDQJ /đLQĐL~X &K}|QJ,7êQJTXDQNĂWKXWJKSQơLP\WÂQK , <zXFXWUDR~êLGOLXFDP\WÂQKYLP{LWU}đQJ QJRL ,,9DLWUÔQKLPYãFDNKơLJKSQơL 9DLWUÔFDNKơLJKSQơL 1KLPYãYDNKơLJKSQơL ,,,wFWU}QJFDNKơLJKSQơL &XWUảF~}đQJGy\FDNKơLJKSQơLYLWKLWEÊQJRL YL 7zQFF~}đQJGy\WÂQKLX 3K}|QJWUX\QFDWÂQKLX &FGQJWUX\QVơOLX ,93KyQORLNKơLJKSQơLFDP\YLWÂQKWKLWEÊQJRLYL 3KyQORLWKHRFK~WUDR~êLWLQ 3KyQORLWKHRSK}|QJSKSWUX\QWLQ 3KyQORLWKHRGQJWLQ &K}|QJ,,3K}|QJWKằFWUDR~êLGOLXFDP\WÂQK ,7UDR~êLGOLXNK{QJWKxPGÔWUQJWKL ,,7UDR~êLGOLXEQJFFKWKxPGÔWUQJWKL ,,,7UDR~êLGOLXEQJFFKQJW .KLQLPYQJWYFFORLQJWFDP\WÂQK 7UDR~êLGOLXEQJFFKQJW 7KWãF[ạOÂQJWFK}|QJWUQK ,97UDR~êLGOLXEQJFFKWUX\QKSWUẳFWLSNKơL QK 3K}|QJSKSWQGãQJWKđLJLDQ&38NK{QJVạGãQJ %86~WUDR~êLGOLX 3K}|QJSKSWUHR&38~WUDR~êLGOLX &K}|QJ,,,7K{QJWLQQơLWLSlYLPFKWUDR~êLWK{QJWLQ QơLWLS86$57 ,7UX\QWK{QJWLQQơLWLS .KLQLP 3K}|QJSKSWUX\QWK{QJWLQQơLWLS .KRQJFFKWUDR~êLGOLX 7ơF~WUDR~êLGOLX &KLXWUDR~êLGOLX ,,0FKWUDR~êLWLQQơLWLSFDP\WÂQK 0FKNK{QJFQNKơLJKSQơL 0FKFQNKơLJKSQơLVRQJVRQJlQơLWLS 0FKFQNKơLJKSQơLVRQJVRQJlQơLWLSYQơL WLSVRQJVRQJ 0FKFQNKơLJKSQơL0RGHPYNKơLJKSQơL ,,,7KWãFWUDR~êLWLQQơLWLS    7K´W·FSKWWLQ  7K´W·FQKQWLQ ,9.K¬LJKSQ¬LVRQJVRQJlQ¬LWLSYQ¬LWLSl VRQJVRQJ  1KLPY·F´DNK¬LJKSQ¬LVRQJVRQJlQ¬LWLSY Q¬LWLSlVRQJVRQJ 6|~©NK¬LF´DNK¬LJKSQ¬L 99LPFKWUDR~ªLWK{QJWLQVRQJVRQJlQ¬LWLS~©QJ EYNK{QJ~©QJEYQQxQJ86$57 6|~©NK¬L 6|~©FKyQYFFW¢QKLXJKSQ¬L &FWKDQKJKLEzQWURQJF´D &K}|QJ97UX\QGºOLXQ¬LWLSWK{QJTXDFªQJ&20 ,wFWU}QJF´DFªQJQ¬LWLS .WFXFªQJQ¬LWLS 7UX\QGºOLX ,,3K}|QJSKSQ¬LFS &K}|QJ9,&K}|QJWUQKWUX\QGºOLXJLºDKDLP\W¢QK WK{QJTXDFªQJ&20EQJQJ{QQJºOSWUQKSDVFDO ,*L±LWKLXFK}|QJWUQK ,,FK}|QJWUQK                                                /LQLvX ;KLQJ\FQJSKWWULQYLFWUDR~êLWK{QJWLQQJ\FQJWUWKQKPWQKXFX WKLW\X9LVẳUD~đLFDP\YLWÂQK~OPWKRPQQKXFXWUDR~êLWK{QJWLQ FDQJ}|VạGãQJP\YLWÂQKFĐWKWKẳFKLQQKLXFKằFQxQJYLWơF~QKDQK YFKÂQK[FFDRQK}WKXWKSWÂQKWRQO}XWUWPNLPYWUX\QWK{QJWLQ 4XWUQKWUX\QWK{QJWLQJLDKDLP\WÂQKNK{QJFKWKẳFKLQWURQJNK{QJJLDQ QKƠQK}FFSKÔQJEDQWêFKằFF|TXDQEQJFFKVạGãQJPQJFãFE/$1P FÔQFĐWKWKẳFKLQYLFWUX\QWK{QJWLQWUzQSKPYLWRQFXEQJYLFVạGãQJ PQJWRQFX,17(51(7 wKLXFFKWKằFWUX\QWK{QJWLQFDP\WÂQKPôLFKảQJWDSKLWUDQJEÊQKQJ NLQWKằFF|EQYFFOĂQKYẳFQK}NWKXWWUX\QVơOLXNWKXWJKSQơLP\ YLWÂQKFFSK}|QJWKằFWUDR~êLGOLXFDP\WÂQKFFJLDRGLQP\WÂQK~DQJ VạGãQJWURQJWUX\QVơOLX1JRLUDFÔQSKLKLXELWYNĂWKXWOSWUQK 9LPRQJPXơQWPKLXWKẳFWPWTXWUQKWUX\QVơOLXFDP\WÂQK~}FVẳ K}QJGQFDWK\QJX\QSK}|QJOyPHP~WKẳFKLQQJKLzQFằX~WLOS WUQKWUX\QGOLXJLDKDLP\WÂQKTXDFêQJ&20wWLEDRJâPFK}|QJ FK}|QJ,7êQJTXDYNĂWKXWJKSQơLP\WÂQK FK}|QJ,,3K}|QJWKằFWUDR~êLGOLXFDP\WÂQK FK}|QJ,,,7K{QJWLQQơLWLS9LPFKWUDR~êLWK{QJWLQQơLWLS86$57 FK}|QJ,97UX\QGOLXQơLWLSWK{QJTXDFêQJ&20 FK}|QJ9FK}|QJWUQKWUX\QGOLXJLDKDLP\WÂQKTXDFêQJ&20EQJ QJ{QQJOSWUQKSDVFDO 7URQJWKđLJLDQOP~WLPFG~UWFơJQJQK}QJGRNLQWKằFFÔQKQFKY PLE}F~XWKẳFKLQQJKLzQFằXPWNKFGRWKđLJLDQQJQOLYáDWPKLXPW OĂQKYẳFPLYáDOPYY\~WLNK{QJWUQKNKƠLVDL[ĐW(PUWPRQJQKQ ~}FQKLXNLQ~ĐQJJĐSFDFFWK\FFF{YFFEQ~~WLKRQWKLQ K|Q & KwvQJ WQJTXDQNWKXWJKSQLP|\YLWQK 0\YLWÂQKQĐLULzQJYKYL[ạOÂQĐLFKXQJ~XFĐFXWUảFJâPSKQ %[ạOÂWUXQJWyP&38 %QK &FFạDYRUDFFNKơLJKSQơL &38WKẳFKLXFKXôLFK}|QJWUQK~JKLWURQJNKơLQK %QKFĐFKằFQxQJFKằDFFFK}|QJWUQK~LXNKLQKRW~QJFDKWKơQJ &FFK}|QJWUQKằQJGãQJFFGOLXFFNWTXFDFK}|QJWUQK &FNKơLJKSQơLOPQKLQYãWUDR~êLGOLXJLDFSXYLP{LWU}đQJ QJRL~ĐOFFWKLWEÊQJRLYLYQJ}đL~LXKQK .KLKRW~QJP\YLWÂQKFĐ\zXFXWUDR~êLWLQ~}DWLQYR~}DWLQUDYL P{LWU}đQJEzQQJRL&FORLGOLXWUDR~êLJLDP\YLWQKYLP{LWU}đQJ QJRL~ĐOGOLXY~ÊDFKGOLXYOQK~LXNKLQGOLXYVơOLXG OLXYWUQJWKLFDWKLWEÊQJRLYL 1J\QD\P\YLWÂQK~}FằQJGãQJUQJULWURQJKXKWFFOĂQKYẳFFD~đL VơQJ[KLGRY\YLFWUDR~êLWK{QJWLQYLP{LWU}đQJQJRLFQJ~}FPUQJ NK{QJ FK WUDR ~êL YL FF WKLW EÊ QJRL YL WK{QJ GãQJ QK} FRQ FKXW P\TXWP\LQFFEQKQJRLPFƠQWDR~êLYLFFWKLWEÊQJRLYLQJRL NKFWURQJK~RYWOWURQJK~R~LXNKLQWURQJPQJP\WÂQK %[ạO WUXQJWyP &38 7KLWEÊYR 7KLWEÊUD %QK 0HPRU\ 5205$0 3KơLJKS YRUD ,2 %XV~LXNKLQ %XVGOLX %XV~ÊDFK ,,9DLWUYyQKLPYêFĐDNKLJKSQL YDLWUFDNKLJKSQL .KơLJKSQơLQPJLDNKơL[ạOÂWUXQJWyPFDP\YLWÂQKYWKLWEÊQJRLYL NKơLJKSQơL~ĐQJYDLWUÔWUXQJFKX\QWLQQKQYWUX\QJLDFKảQJGR~Đ .KL~}DWLQWáP\YLWÂQKUDWKLWEÊQJRLYL .KơLJKSQơL~ĐQJYDLWUÔQKQWLQWáP\YLWÂQK .KơLJKSQơL~ĐQJYDLWUÔSKWWLQFKRWKLWEÊQJRLYL .KL~}DWLQWáWKLWEÊQJRLYLYRP\YLWÂQK .KơLJKSQơL~ĐQJYDLWUÔQKQWLQWáWKLWEÊQJRLYL .KơLJKSQơL~ĐQJYDLWUÔSKWWLQFKRP\YLWÂQK 1K}Y\WURQJFKDLWU}đQJKSNKơLJKSQơL~ĐQJYDLWUÔWUXQJFKX\QWLQYáD 1KQWKã~QJYYáDSKWFK~QJ 1KLPYÂFDNKLJKSQL .KơLJKSQơLOPQKLPYãSKơLKSWUDR~êLJLDP\YLWÂQKYWKLWEÊQJRL YLYPằFYF{QJVXWFDWÂQKLXYGQJWLQYWơF~YSK}|QJWKằFWUDR~êL 3KơLKSYPằFYF{QJVXWWÂQKLX 0ằFWÂQKLXFDP\YLWÂQKWK}đQJOPằF77/YWURQJNKLWKLWEÊ QJRLYLWK}đQJOYYGR~ĐNKơLJKSQơLSKLELQ~êLFFPằFWUzQFKR SKKS &{QJVXWFD~}đQJGy\P\YLWÂQKOQKƠFFKãFP$WURQJNKLFQF{QJ VXWOQK|QFKRWKLWEÊQJRLYLGR~ĐNKơLJKSQơLSKLELQ~êLF{QJVXWFKR SKKS7K}đQJGQJYLPFKWUQJWKL~~}DWLQUD~}DWLQYRYLWUNKQJ FDRNKLNK{QJFĐWUDR~êLWK{QJWLQ~F{OSWKLWEÊQJRLYLYP\YLWÂQK~ NK{QJWLzXWơQF{QJVXWFD~}đQJGy\YERYP\YLWÂQK 3KơLKSYGQJWLQ 7LQWUDR~êLFDP\YLWÂQKOX{QOGQJVRQJVRQJFĐWKWUX\QWKHRELW ELWELWELW 7LQFDWKLWEÊQJRLYLFĐWKOVRQJVRQJKRFQơLWLSYNKLWUDR~êLVRQJ VRQJWK}đQJOEÂWYEÂW 3KơLJKSYWơF~WUDR~êLWLQ 0\YLWÂQKWK}đQJKRW~QJYLWơF~FDRVXQJQKÊSWLWUzQ0+]WURQJ NKL~ĐWKLWEÊQJRLYLWK}đQJKRW~QJFKPK|QGR~ĐNKơLJKSQơLQKQWLQ QKDQKWáP\YLWÂQKUâLFKX\QFKRWKLWEÊQJRLYLWKHRQKÊSFKPFDWKLWEÊ QJRLYL~JLLSKĐQJP\YLWÂQKOPYLFNKF3KãFYãFFWKLWEÊQJRLYLNKF KD\FK\FK}|QJWUQK[ạOWLQ .KLQKQWLQFàQJY\NKơLJKSQơLQKQWLQFKPWKHRQKÊSFDWKLWEÊQJRLYL YFKđP\YLWÂQK~ăFQKDQKYREQK 3KơLKSYSK}|QJWKằFWUDR~êLWLQ w~PERSK}|QJWKằFWUDR~êLWLQPWFFKWLQF\JLDP\YLWÂQKYWKLWEÊ QJRLYLFQFĐNKơLJKSQơLYFFKWUDR~êLWLQGLQUDWKHRWUQKWẳQKW~ÊQK 1XYLFWUDR~êLWLQGRP\YLWÂQKNKL[}QJWằFOP\YLWÂQKFK~QJ ~}DWLQUDKD\~ăFWLQYRTXWUQKQK}VDX ắ 0\YLWÂQK~}DOQK~LXNKLQ~NKL~QJWKLWEÊQJRLYLKD\NKL~QJ NKơLJKSQơL ắ 0\YLWÂQK~ăFWUOđLVQVQJWUDR~êLWLQKD\WUQJWKLVQVQJFDWKLW EÊQJRLYLQXFĐWUQJWKLVQVQJPLWUDR~êLWLQQXNK{QJFKđY~ăF OLWUQJWKL ắ 0\YLWÂQKWUDR~êLWLQNKLWK\~ăFWK\WUQJWKLVQVQJFDWKLWEÊ QJRLYL 1XSKLWUDR~êLWLQGRWKLWEÊQJRLYLNKL[}QJKD\\zXFX~JLPWKđL JLDQFKđ~LWUQJWKLVQVQJFDWKLWEÊQJRLYLP\YLWÂQKFĐWKNKL~QJ WKLWEÊQJRLYLUâLWKẳFKLQQKLPYãNKF9LFWUDR~êLWLQGLQUDNKL ắ 7KLWEÊQJRLYL~}DUD\zXFXWUDR~êLWLQYRESKQ[ạOQJWFDNKơL JKSQơL~~}D\zXFXQJWFK}|QJWUQKFKÂQKFDP\YLWÂQK 1XFĐQKLXWKLWEÊQJRLYLFQJ~}DUD\zXFXWUDR~êLWLQWKNKơLJKS QơLVS[SWKHRWKằWẳ}XWLzQ~ÊQKVQUâL~}DUD\zXFXWUDR~êLWLQYLP\YL WÂQK ắ 0\YLWÂQKQKQ\zXFXQJWVạDVRQWUDR~êLY~}DWÂQKLX[FQKQVQ VQJWUDR~êLWLQ .KơLJKSQơLQKQYWUX\QWÂQKLX[FQKQWUDR~êLWLQFKRWKLWEÊQJRLYL WKLWEÊQJRLYLWUDR~êLWLQYLNKơLJKSQơLYNKơLJKSQơLWUDR~êLWLQYLP\ YLWÂQKQX~}DWLQYR 0\YLWÂQKWUDR~êLWLQYLNKơLJKSQơLYNKơLJKSQơLWUDR~êLWLQYLWKLWEÊ QJRLYLQX~}DWLQUD ,,,qFWUwQJFĐDNKLJKSQL .KơLJKSQơLFĐFXWUảFYKRW~QJULzQJUFKRWáQJORLP\YLWÂQKYWKLW EÊQJRLYLJKSQơLYLQKDXQK}QJFĐFKXQJFF~FWU}QJ~ĐO&XWUảF~}đQJ Gy\WzQFF~}đQJGy\SK}|QJWUX\QYSK}|QJSKSWUX\QVơOLX &~XWUĂFpoQJGk\FDNKLJKSQLYLWKLWEQJRuLYL &ĐORLFXWUảF~}đQJGy\OLzQKJLDP\YLWÂQKYWKLWEÊQJRLYL &XWUảFQKQK 0\YLWÂQKFĐWáQJ~}đQJGy\ULzQJUFKRWáQJNKơLJKSQơLKD\WáQJWKLWEÊ QJRLYLFXWUảFQ\FĐOLOOLzQKWUẳFWLSYULzQJUYLWáQJWKLWEÊQJRLYL QK}QJNK{QJNLQKWYWơQQKLX~}đQJGy\ &XWUảFPW[ÂFK 0\YLWÂQKPFQơLWLSYLFFNKơLJKSQơLFDWáQJWKLWEÊQJRLYLWKHR YÔQJWUÔQNÂQFXWUảFQ\FĐ}X~LPOWLWNLP~}đQJGy\QK}QJFĐQK}F~LP ONKLFĐVDLKƠQJPWNKơLJKSQơLQR~ĐWWFKNKơLJKSQơL~XNK{QJ KRW~QJ~}F &XWUảF~}đQJGy\FKXQJ 0\YLWÂQKFĐPW~}đQJGy\FKXQJFKR&38NKơLQKFFNKơLJKSQơLFD FFWKLWEÊQJRLYL&XWUảFQ\WX\WơQNPQK}QJWK{QJGãQJYUGQJJKS QơLYLWKLWEÊQJRLYL.KLFĐVDLKƠQJPWNKơLQR~ĐWKFFNKơLNKFYQ KRW~QJEQKWK}đQJ 7lQFtFpoQJGk\WQKLX %WNẵNKơLJKSQơLQRFàQJQơLYLP\YLWÂQKYWKLWEÊQJRLYLWKHRFF QKĐPVDX 1KĐP~}đQJGy\~ÊDFK w}đQJGy\~ÊDFKFFWÂQKLX~ÊDFKQ\~}FJLLPWURQJFFNKơLJKS QơL~FKăQWKLWEÊQJRLYLFQOLQOFYLP\YLWÂQKKD\FKLWLWK|QOFKăQFF WKDQKJKL~PFDNKơLJKSQơLFDWKLWEÊQJRLYLFQWUDR~êL w}đQJGy\OQKJKL~ÊDFKGQJ~JKL~ÊDFKWá~}đQJGy\~ÊDFKYRNKơL JKSQơL 1KĐP~}đQJGy\OQK w}đQJGy\~ăF~}đQJGy\YLW~WUX\QOQK~ăF5'KD\OQKYLW:5 FKRNKơLJKSQơL w}đQJGy\KLWKRLWêFKằFSKơLKSKQK~QJJLDP\YLWÂQKYNKơLJKS QơL~PERVẳKRW~QJQKÊSQKQJWLQF\JLDFKảQJQK}KƠLWUOđL\zXFX WáNKơLJKSQơLYRP\YLWÂQKYFKSQKQ\zXFXWáP\YLWÂQKUDNKơLJKS QơLYÂGãQK}\zXFXQJW,17YFKSQKQQJW,17$ w}đQJGy\OQK~LXNKLQNKơLJKSQơLKD\WKLWEÊQJRLYLQK} wĐQJPFKPPFKWKLWEÊQJRLYL %W~XNWWKảFTXWUQKWUDR~êLWLQ ;RFFWKDQKJKLFDNKơLJKSQơL 7K{QJERFĐVDLVơKRFWLQF\WURQJWUDR~êLWLQ 1KĐP~}đQJGy\WÂQKLXQKÊSWKđLJLDQ w}đQJGy\Q\~~âQJEWUDR~êLJLDP\YLWÂQKYLNKơLJKSQơLKRFNKơL JKSQơLYWKLWEÊQJRLYLYÂGã~}đQJGy\QKÊS&/.WáP\YLWÂQK 1KĐP~}đQJGy\~LQSQJXQ /uX &F~}đQJGy\OQKFKRNKơLJKSQơLFĐWK~}DWUẳFWLSYRNKơLJKSQơL KRF~}DJLQWLSYRNKơLJKSQơLTXD~}đQJGy\VơOLX /QK~ÊDFKFĐNKL~}DFKXQJOzQFQJ~}đQJGy\VơOLXQK}QJKDLQKÊSWKđL JLDQNKFQKDXYYLWÂQKLX~LXNKLQNKFQKDX 7ÂQKLX[FQKQFĐWKWUX\QWUzQPW~}đQJGy\ULzQJKRFWUzQFQJPW ~}đQJGy\ &ĐWKUảWJăQFF~}đQJGy\ULzQJUEQJFFKGQJPFKGâQNzQKQ|LSKW YWFKNzQKQ|LWKX 3KonQJWUX\QFDWQKLX &FWÂQKLX~}FWUX\QWáQJXQSKWWLQJXQQKQNKơLJKSQơL~PER WUX\QWÂQKLXVơOLX 7áNKơLJKSQơLYRWKLWEÊQJRLYLFKRVơOLXYLWUD 7áNKơLJKSQơLYRP\YLWÂQKFKRVơOLX~ăFYR 7K{QJWK}đQJFĐKDL~}đQJGy\ULzQJUFKRVơOLX~ăFYYLW[XWSKWWáNKơL JKSQơLWLP\YLWÂQKYWKLWEÊQJRLYLvX~LPFDORL~}đQJGy\Q\OWLQ F\NK{QJQKPOQPôL~}đQJGy\WÂQKLXFKWUX\QWKHRPWFKLXQKW~ÊQK QK}QJQK}F~LPFDQĐ~ĐOFâQJNQKWơQNP wơLYLWU}đQJKSPW~}đQJGy\VơOLXFKXQJGQJFKRFKDLVơOLXUDYVơ OLXYRWằFOSKLWUX\QWKHRFKDLFKLXWUzQFQJPW~}đQJGy\vX~LPFD ORLGy\Q\O~|QJLQVơO}QJ~}đQJGy\ÂWQK}QJFĐQK}F~LPONK{QJWLQ F\VơOLXUDYRFĐWKWUQJQKDXWUzQGy\KRFPXơQWLQF\SKLVạGãQJYL PFKEDWUQJWKL~~ÊQKFKLXWÂQKLXFKRGy\ &FWÂQKLX~ÊDFKOQKWUX\QWáP\YLWÂQKUDNKơLJKSQơL &FWÂQKLXWUQJWKLKD\WUOđLP\YLWÂQKWUX\QWáNKơLJKSQơLYRP\YL WÂQK [...]... FFWKLWEÊQJRLYL&XWUảFQ\WX\WơQNPQK}QJWK{QJGãQJYUGQJJKS QơLYLWKLWEÊQJRLYL.KLFĐVDLKƠQJPưWNKơLQR~ĐWKFFNKơLNKFYQ KRW~ưQJEQKWK}đQJ            9;/         7lQFtFpoQJGk\WQKLX 1K  520  1K  5$0 w}đQJ Gy\ FKXQJ *1 *1 *1 %WNẵNKơLJKSQơLQRFàQJQơLYLP\YLWÂQKYWKLWEÊQJRLYLWKHRFF QKĐPVDX 1KĐP~}đQJGy\~ÊDFK w}đQJGy\~ÊDFKFFWÂQKLX~ÊDFKQ\~}FJLLPWURQJFFNKơLJKS... QJR}L YL  &ĐQKLXTXDQ~LPSKyQORLNKFQKDX 3KkQORuLWKHRFKpWUDRpLWLQ .KơLJKSQơLWKHRFK}|QJWUQK 6ẳWUDR~êLWLQWKHRQKQJOQK~}DVơOLXYRKD\~}DVơOLXUD,1 28 7FD NKơL[ạOÂWUXQJWyP&38YTXDWKDQKJKLFKằD$$FFXODWRUUâLPLWLNKơLQK 0FDP\YLWÂQKFK~ưQ\FÔQFKLDWKHRKƠLYÔQJWUQJWKLQJWFK}|QJ WUQK .KơLJKSQơLWUX\QKSWUẳFWLSNKơLQK'0$