{"id":4981,"date":"2026-08-21T11:05:50","date_gmt":"2026-08-21T04:05:50","guid":{"rendered":"https:\/\/giaodichlienket.man.net.vn\/?p=4981"},"modified":"2026-09-17T11:03:24","modified_gmt":"2026-09-17T04:03:24","slug":"xu-ly-tien-gui-lai-vay-vuot-nguong-30-ebitda","status":"publish","type":"post","link":"https:\/\/giaodichlienket.man.net.vn\/zh\/xu-ly-tien-gui-lai-vay-vuot-nguong-30-ebitda\/","title":{"rendered":"\u5904\u7406\u672a\u6765\u5404\u5e74\u5ea6\u8d37\u6b3e\u5229\u606f\u652f\u51fa\u8d85\u8fc730% EBITDA\u9608\u503c\u7684\u60c5\u51b5"},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u5982\u4f55\u5904\u7406\u8d85\u8fc730% EBITDA\u9608\u503c\u7684\u8d37\u6b3e\u5229\u606f\uff0c\u662f\u8bb8\u591a\u8d22\u52a1\u603b\u76d1\u5728\u2026\u2026\u65f6\u6700\u611f\u5230\u68d8\u624b\u7684\u95ee\u9898 <\/span><strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/thuvienphapluat.vn\/van-ban\/Doanh-nghiep\/Nghi-dinh-255-2026-ND-CP-quan-ly-thue-giao-dich-lien-ket-cua-doanh-nghiep-co-quan-he-lien-ket-713416.aspx\" rel=\"nofollow noopener\" target=\"_blank\">\u7b2c255\/2026\/ND-CP\u53f7\u6cd5\u4ee4<\/a><\/span><\/strong><span style=\"font-weight: 400;\"> \u8be5\u89c4\u5b9a\u81ea2026\u5e747\u67081\u65e5\u8d77\u6b63\u5f0f\u751f\u6548\uff0c\u5e76\u9002\u7528\u4e8e2026\u5e74\u5ea6\u4f01\u4e1a\u6240\u5f97\u7a0e\u7533\u62a5\u3002\u5b58\u6b3e\u5229\u606f\u3001\u8d37\u6b3e\u5229\u606f\u548c\u5229\u606f\u652f\u51fa\u4e4b\u95f4\u54ea\u6015\u4e00\u6b21\u9519\u8bef\u7684\u62b5\u9500\u64cd\u4f5c\uff0c\u90fd\u53ef\u80fd\u5bfc\u81f4\u4e0d\u53ef\u62b5\u6263\u8d39\u7528\u589e\u52a0\u6570\u5341\u4ebf\u8d8a\u5357\u76fe\uff0c\u8fdb\u800c\u4ea7\u751f\u8865\u7f34\u7a0e\u6b3e\u548c\u6ede\u7eb3\u91d1\u3002\u672c\u6587\u7cfb\u7edf\u5730\u56de\u987e\u4e86\u76f8\u5173\u6cd5\u5f8b\u4f9d\u636e\u3001\u8ba1\u7b97\u516c\u5f0f\u3001\u516d\u6b65\u6d41\u7a0b\u4ee5\u53ca\u5e38\u89c1\u9519\u8bef\uff0c\u65e8\u5728\u5e2e\u52a9\u5b58\u5728\u5173\u8054\u65b9\u4ea4\u6613\u7684\u4f01\u4e1a\u63d0\u524d\u505a\u597d\u7a0e\u52a1\u7ed3\u7b97\u51c6\u5907\u3002.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_88 counter-hierarchy ez-toc-counter ez-toc-grey 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d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/xu-ly-tien-gui-lai-vay-vuot-nguong-30-ebitda\/#Vi_sao_xu_ly_tien_gui_lai_vay_vuot_nguong_30_EBITDA_la_bai_toan_nong_cua_ky_quyet_toan_2026\" >\u4e3a\u4ec0\u4e48\u5904\u7406\u8d85\u8fc7 30% EBITDA \u95e8\u69db\u7684\u5229\u606f\u6536\u5165\u4f1a\u6210\u4e3a 2026 \u7eb3\u7a0e\u5e74\u5ea6\u7684\u70ed\u95e8\u8bdd\u9898\uff1f<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/xu-ly-tien-gui-lai-vay-vuot-nguong-30-ebitda\/#Nghi_dinh_2552026ND-CP_thay_the_khung_phap_ly_cu_tu_0172026\" >\u7b2c 255\/2026\/ND-CP \u53f7\u6cd5\u4ee4\u81ea 2026 \u5e74 7 \u6708 1 \u65e5\u8d77\u53d6\u4ee3\u65e7\u7684\u6cd5\u5f8b\u6846\u67b6\u3002<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/xu-ly-tien-gui-lai-vay-vuot-nguong-30-ebitda\/#Can_cu_phap_ly_cua_viec_xu_ly_tien_gui_lai_vay_vuot_nguong_30_EBITDA\" >\u5904\u7406\u8d85\u8fc7 30% EBITDA \u95e8\u69db\u7684\u5229\u606f\u652f\u4ed8\u7684\u6cd5\u5f8b\u4f9d\u636e\u3002<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/xu-ly-tien-gui-lai-vay-vuot-nguong-30-ebitda\/#Hieu_dung_ba_cau_phan_truoc_khi_xu_ly_tien_gui_lai_vay_vuot_nguong_30_EBITDA\" >\u5728\u5904\u7406\u8d85\u8fc730% EBITDA\u9608\u503c\u7684\u8d37\u6b3e\u5229\u606f\u5b58\u6b3e\u4e4b\u524d\uff0c\u9700\u6b63\u786e\u7406\u89e3\u8fd9\u4e09\u4e2a\u7ec4\u6210\u90e8\u5206<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/xu-ly-tien-gui-lai-vay-vuot-nguong-30-ebitda\/#Lai_tien_gui_va_lai_cho_vay_duoc_bu_tru_nhu_the_nao\" >\u5b58\u6b3e\u5229\u606f\u548c\u8d37\u6b3e\u5229\u606f\u5982\u4f55\u76f8\u4e92\u62b5\u6d88\uff1f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/xu-ly-tien-gui-lai-vay-vuot-nguong-30-ebitda\/#EBITDA_theo_thue_khac_EBITDA_theo_tai_chinh_o_diem_nao\" >\u57fa\u4e8e\u7a0e\u6536\u7684 EBITDA \u548c\u57fa\u4e8e\u8d22\u52a1\u7684 EBITDA \u6709\u4ec0\u4e48\u533a\u522b\uff1f<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/xu-ly-tien-gui-lai-vay-vuot-nguong-30-ebitda\/#Quy_trinh_xu_ly_tien_gui_lai_vay_vuot_nguong_30_EBITDA\" >\u8d85\u8fc730% EBITDA\u9608\u503c\u7684\u8d37\u6b3e\u5229\u606f\u5b58\u6b3e\u5904\u7406\u6d41\u7a0b<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/xu-ly-tien-gui-lai-vay-vuot-nguong-30-ebitda\/#Vi_du_thuc_te_Xu_ly_tien_gui_lai_vay_vuot_nguong_30_EBITDA_tai_mot_doanh_nghiep_san_xuat\" >\u5b9e\u9645\u6848\u4f8b\uff1a\u67d0\u5236\u9020\u4f01\u4e1a\u5904\u7406\u8d85\u8fc730% EBITDA\u9608\u503c\u7684\u8d37\u6b3e\u5229\u606f\u5b58\u6b3e<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/xu-ly-tien-gui-lai-vay-vuot-nguong-30-ebitda\/#Tinh_huong_dac_biet_EBITDA_am_hoac_lai_tien_gui_lon_hon_chi_phi_lai_vay\" >\u7279\u6b8a\u60c5\u51b5\uff1aEBITDA\u4e3a\u8d1f\u503c\u6216\u5b58\u6b3e\u5229\u606f\u6536\u5165\u8d85\u8fc7\u5229\u606f\u652f\u51fa\u3002<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/xu-ly-tien-gui-lai-vay-vuot-nguong-30-ebitda\/#Ho_so_va_ke_khai_chung_minh_viec_xu_ly_tien_gui_lai_vay_vuot_nguong_30_EBITDA\" >\u8bc1\u660e\u5904\u7406\u8d85\u8fc730% EBITDA\u9608\u503c\u7684\u8d37\u6b3e\u5229\u606f\u6536\u5165\u7684\u76f8\u5173\u6587\u4ef6\u548c\u7533\u62a5\u6750\u6599<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/xu-ly-tien-gui-lai-vay-vuot-nguong-30-ebitda\/#Ket_luan\" >\u603b\u7ed3<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/xu-ly-tien-gui-lai-vay-vuot-nguong-30-ebitda\/#Thong_tin_lien_he_MAN_%E2%80%93_Master_Accountant_Network\" >\u8054\u7cfb\u4fe1\u606f MAN \u2013 \u4f1a\u8ba1\u5e08\u5927\u5e08\u7f51\u7edc<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/xu-ly-tien-gui-lai-vay-vuot-nguong-30-ebitda\/#Cau_hoi_thuong_gap_ve_xu_ly_tien_gui_lai_vay_vuot_nguong_30_EBITDA\" >\u5173\u4e8e\u5904\u7406\u8d85\u8fc730% EBITDA\u9608\u503c\u7684\u8d37\u6b3e\u5229\u606f\u5b58\u6b3e\u7684\u5e38\u89c1\u95ee\u9898<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/xu-ly-tien-gui-lai-vay-vuot-nguong-30-ebitda\/#Doanh_nghiep_khong_co_giao_dich_lien_ket_co_phai_xu_ly_tien_gui_lai_vay_vuot_nguong_30_EBITDA_khong\" >\u6ca1\u6709\u5173\u8054\u65b9\u4ea4\u6613\u7684\u4f01\u4e1a\u662f\u5426\u9700\u8981\u5bf9\u8d85\u8fc7 30% EBITDA \u95e8\u69db\u7684\u5229\u606f\u6536\u5165\u8fdb\u884c\u5904\u7406\uff1f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/xu-ly-tien-gui-lai-vay-vuot-nguong-30-ebitda\/#Phan_chi_phi_lai_vay_vuot_nguong_co_mat_vinh_vien_khong\" >\u8d85\u51fa\u9650\u989d\u7684\u5229\u606f\u652f\u51fa\u662f\u5426\u4f1a\u6c38\u4e45\u635f\u5931\uff1f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/xu-ly-tien-gui-lai-vay-vuot-nguong-30-ebitda\/#Lai_chenh_lech_ty_gia_co_duoc_tru_khi_tinh_chi_phi_lai_vay_thuan_khong\" >\u8ba1\u7b97\u51c0\u5229\u606f\u652f\u51fa\u65f6\uff0c\u6c47\u7387\u6536\u76ca\u53ef\u4ee5\u6263\u9664\u5417\uff1f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/xu-ly-tien-gui-lai-vay-vuot-nguong-30-ebitda\/#Vay_ngan_hang_thuong_mai_co_lam_phat_sinh_nghia_vu_xu_ly_tien_gui_lai_vay_vuot_nguong_30_EBITDA_khong\" >\u4ece\u5546\u4e1a\u94f6\u884c\u501f\u6b3e\u662f\u5426\u4f1a\u4ea7\u751f\u5904\u7406\u8d85\u8fc7 30% EBITDA \u95e8\u69db\u7684\u5229\u606f\u652f\u4ed8\u7684\u4e49\u52a1\uff1f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/xu-ly-tien-gui-lai-vay-vuot-nguong-30-ebitda\/#Ky_tinh_thue_khong_phat_sinh_giao_dich_lien_ket_thi_co_duoc_chuyen_chi_phi_lai_vay_khong_duoc_tru_cua_ky_truoc_sang_khong\" >\u5982\u679c\u5728\u4e00\u4e2a\u7eb3\u7a0e\u671f\u5185\u6ca1\u6709\u53d1\u751f\u5173\u8054\u65b9\u4ea4\u6613\uff0c\u662f\u5426\u53ef\u4ee5\u5c06\u4e0a\u4e00\u671f\u4e0d\u53ef\u62b5\u6263\u7684\u5229\u606f\u652f\u51fa\u7ed3\u8f6c\u5230\u4e0b\u4e00\u671f\uff1f<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Vi_sao_xu_ly_tien_gui_lai_vay_vuot_nguong_30_EBITDA_la_bai_toan_nong_cua_ky_quyet_toan_2026\"><\/span><b>\u4e3a\u4ec0\u4e48\u5904\u7406\u8d85\u8fc7 30% EBITDA \u95e8\u69db\u7684\u5229\u606f\u6536\u5165\u4f1a\u6210\u4e3a 2026 \u7eb3\u7a0e\u5e74\u5ea6\u7684\u70ed\u95e8\u8bdd\u9898\uff1f<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure id=\"attachment_4983\" aria-describedby=\"caption-attachment-4983\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-4983\" src=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/08\/Vi-sao-xu-ly-tien-lai-vay-vuot-nguong-30-EBITDA-la-bai-toan-nong-cua-ky-quyet-toan-2026.jpg\" alt=\"V\u00ec sao x\u1eed l\u00fd ti\u1ec1n l\u00e3i vay v\u01b0\u1ee3t ng\u01b0\u1ee1ng 30% EBITDA l\u00e0 b\u00e0i to\u00e1n n\u00f3ng c\u1ee7a k\u1ef3 quy\u1ebft to\u00e1n 2026\" width=\"1200\" height=\"675\" srcset=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/08\/Vi-sao-xu-ly-tien-lai-vay-vuot-nguong-30-EBITDA-la-bai-toan-nong-cua-ky-quyet-toan-2026.jpg 1200w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/08\/Vi-sao-xu-ly-tien-lai-vay-vuot-nguong-30-EBITDA-la-bai-toan-nong-cua-ky-quyet-toan-2026-300x169.jpg 300w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/08\/Vi-sao-xu-ly-tien-lai-vay-vuot-nguong-30-EBITDA-la-bai-toan-nong-cua-ky-quyet-toan-2026-1024x576.jpg 1024w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/08\/Vi-sao-xu-ly-tien-lai-vay-vuot-nguong-30-EBITDA-la-bai-toan-nong-cua-ky-quyet-toan-2026-768x432.jpg 768w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/08\/Vi-sao-xu-ly-tien-lai-vay-vuot-nguong-30-EBITDA-la-bai-toan-nong-cua-ky-quyet-toan-2026-18x10.jpg 18w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-4983\" class=\"wp-caption-text\">\u4e3a\u4f55\u5904\u7406\u8d85\u8fc730% EBITDA\u9608\u503c\u7684\u8d37\u6b3e\u5229\u606f\u6536\u5165\uff0c\u662f2026\u5e74\u51b3\u7b97\u671f\u7684\u70ed\u70b9\u95ee\u9898<\/figcaption><\/figure>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u5904\u7406\u8d85\u8fc7 30% EBITDA \u9608\u503c\u7684\u5229\u606f\u652f\u51fa\u6d89\u53ca\u786e\u5b9a\u51c0\u5229\u606f\u652f\u51fa\uff08\u6263\u9664\u8be5\u671f\u95f4\u53d1\u751f\u7684\u5b58\u6b3e\u548c\u8d37\u6b3e\u5229\u606f\u540e\u7684\u5229\u606f\u652f\u51fa\uff09\u4e2d\u8d85\u8fc7 30% EBITDA \u5e94\u7a0e\u91d1\u989d\u7684\u90e8\u5206\uff0c\u5728\u8ba1\u7b97\u4f01\u4e1a\u6240\u5f97\u7a0e\u65f6\u5c06\u8be5\u8d85\u989d\u90e8\u5206\u4ece\u53ef\u6263\u9664\u8d39\u7528\u4e2d\u6392\u9664\uff0c\u5e76\u5c06\u5176\u8ddf\u8e2a\u5230\u540e\u7eed\u7eb3\u7a0e\u671f\uff0c\u671f\u9650\u4e0d\u8d85\u8fc7 5 \u5e74\u3002.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Nghi_dinh_2552026ND-CP_thay_the_khung_phap_ly_cu_tu_0172026\"><\/span><b>\u7b2c 255\/2026\/ND-CP \u53f7\u6cd5\u4ee4\u81ea 2026 \u5e74 7 \u6708 1 \u65e5\u8d77\u53d6\u4ee3\u65e7\u7684\u6cd5\u5f8b\u6846\u67b6\u3002<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u5173\u4e8e\u5173\u8054\u65b9\u4ea4\u6613\u4f01\u4e1a\u7a0e\u52a1\u7ba1\u7406\u7684\u7b2c255\/2026\/ND-CP\u53f7\u6cd5\u4ee4\u7531\u653f\u5e9c\u4e8e2026\u5e746\u670830\u65e5\u9881\u5e03\uff0c\u81ea2026\u5e747\u67081\u65e5\u8d77\u751f\u6548\uff0c\u9002\u7528\u4e8e2026\u5e74\u4f01\u4e1a\u6240\u5f97\u7a0e\u5e74\u5ea6\u3002\u8be5\u6cd5\u4ee4\u53d6\u4ee3\u4e86\u7b2c132\/2020\/ND-CP\u53f7\u6cd5\u4ee4\u548c\u7b2c20\/2025\/ND-CP\u53f7\u6cd5\u4ee4\u3002.<\/span><\/p>\n<p style=\"text-align: justify;\"><b>\u9700\u8981\u5f3a\u8c03\u7684\u51e0\u70b9\uff1a<\/b><span style=\"font-weight: 400;\"> 30% EBITDA\u95e8\u69db\u4fdd\u6301\u4e0d\u53d8\u3002\u7136\u800c\uff0c\u56f4\u7ed5\u8fd9\u4e00\u95e8\u69db\u7684\u80cc\u666f\u53ca\u5176\u8bc6\u522b\u65b9\u5f0f\u90fd\u53d1\u751f\u4e86\u663e\u8457\u53d8\u5316\u3002 <\/span><strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/moi-quan-he-lien-ket-theo-nghi-dinh-255\/\">\u5173\u8054\u5173\u7cfb<\/a><\/span><\/strong><span style=\"font-weight: 400;\"> \u8fdb\u4e00\u6b65\u6f84\u6e05\u4e86\uff08\u5305\u62ec\u501f\u8d37\u5173\u7cfb\uff09\uff0c\u63d0\u9ad8\u4e86\u8f6c\u8ba9\u5b9a\u4ef7\u62a5\u544a\u8c41\u514d\u95e8\u69db\uff0c\u660e\u786e\u754c\u5b9a\u4e86\u6bd4\u8f83\u6570\u636e\u6765\u6e90\u7684\u4f18\u5148\u987a\u5e8f\uff0c\u5e76\u6839\u636e\u7ecf\u5408\u7ec4\u7ec7\u60ef\u4f8b\uff0c\u5c06\u63d0\u4ea4\u56fd\u522b\u62a5\u544a\u7684\u95e8\u69db\u6539\u4e3a 7.5 \u4ebf\u6b27\u5143\u3002.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u76f4\u63a5\u540e\u679c\uff1a2026\u5e74\u9700\u5904\u7406\u8d37\u6b3e\u5229\u606f\u652f\u51fa\u8d85\u8fc7EBITDA 30%\u9608\u503c\u7684\u4f01\u4e1a\u8303\u56f4\uff0c\u53ef\u80fd\u6bd4\u7b2c132\/2020\/N\u0110-CP\u53f7\u6cd5\u4ee4\u7684\u89c4\u5b9a\u66f4\u4e3a\u5e7f\u6cdb\u3002.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u4f01\u4e1a\u5ffd\u89c6 30% EBITDA \u95e8\u69db\u4f1a\u5e26\u6765\u4e09\u4e2a\u8d22\u52a1\u540e\u679c\u3002<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u9996\u5148\uff0c\u4f01\u4e1a\u6240\u5f97\u7a0e\u662f\u8ffd\u6eaf\u5f81\u6536\u7684\u3002\u8d85\u8fc7\u9650\u989d\u7684\u5229\u606f\u652f\u51fa\u90e8\u5206\u4e0d\u4e88\u6263\u9664\uff0c\u5bfc\u81f4\u5e94\u7eb3\u7a0e\u6240\u5f97\u989d\u589e\u52a0\u3002.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u5176\u6b21\uff0c\u903e\u671f\u4ed8\u6b3e\u4f1a\u4ea7\u751f\u7f5a\u6b3e\u3002\u4ece\u5e94\u4ed8\u6b3e\u65e5\u671f\u8d77\uff0c\u5230\u671f\u6b3e\u9879\u5c06\u6309\u903e\u671f\u4ed8\u6b3e\u5229\u606f\u8ba1\u7b97\u3002.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u7b2c\u4e09\uff0c\u7ed3\u8f6c\u6743\u7684\u4e27\u5931\u3002\u8fd9\u662f\u6700\u91cd\u5927\u4f46\u4e5f\u6700\u9690\u853d\u7684\u635f\u5931\u3002\u5982\u679c\u4f01\u4e1a\u6ca1\u6709\u5728\u8d26\u7c3f\u548c\u62ab\u9732\u6587\u4ef6\u4e2d\u8ffd\u8e2a\u8d85\u989d\u91d1\u989d\uff0c\u90a3\u4e48\u5728\u540e\u7eed\u671f\u95f4\u8bc1\u660e\u7ed3\u8f6c\u6743\u51e0\u4e4e\u662f\u4e0d\u53ef\u80fd\u7684\u3002.<\/span><\/li>\n<\/ul>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Can_cu_phap_ly_cua_viec_xu_ly_tien_gui_lai_vay_vuot_nguong_30_EBITDA\"><\/span><b>\u5904\u7406\u8d85\u8fc7 30% EBITDA \u95e8\u69db\u7684\u5229\u606f\u652f\u4ed8\u7684\u6cd5\u5f8b\u4f9d\u636e\u3002<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u5173\u4e8e\u5904\u7406\u8d37\u6b3e\u5229\u606f\u652f\u51fa\u8d85\u8fc730% EBITDA\u9608\u503c\u7684\u76f8\u5173\u89c4\u5b9a\uff0c\u5168\u90e8\u8f7d\u4e8e\u7b2c255\/2026\/N\u0110-CP\u53f7\u6cd5\u4ee4\u7b2c16\u6761\u7b2c3\u6b3e\uff0c\u8be5\u6761\u6b3e\u6d89\u53ca\u5bf9\u5b58\u5728\u5173\u8054\u4ea4\u6613\u7684\u4f01\u4e1a\u786e\u5b9a\u5e94\u7a0e\u8d39\u7528\u7684\u89c4\u5b9a\u3002 \u8d22\u52a1\u603b\u76d1\u9700\u638c\u63e1\u8be5\u6b3e\u4e2d\u7684a\u3001b\u3001c\u4e09\u70b9\u5185\u5bb9\u3002.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u7b2c\u5341\u516d\u6761\u7b2c\u4e09\u6b3ea\u9879\uff1a<\/span><\/p>\n<blockquote><p><i><span style=\"font-weight: 400;\">\u5728\u786e\u5b9a\u4f01\u4e1a\u6240\u5f97\u7a0e\u5e94\u7eb3\u7a0e\u6240\u5f97\u989d\u65f6\uff0c\u6263\u9664\u7eb3\u7a0e\u4eba\u671f\u95f4\u53d1\u751f\u7684\u5b58\u6b3e\u548c\u8d37\u6b3e\u5229\u606f\u540e\u7684\u603b\u5229\u606f\u652f\u51fa\u53ef\u4ee5\u6263\u9664\uff0c\u4f46\u524d\u63d0\u662f\u8be5\u5229\u606f\u652f\u51fa\u4e0d\u5f97\u8d85\u8fc7\u7eb3\u7a0e\u4eba\u671f\u95f4\u7ecf\u8425\u6d3b\u52a8\u51c0\u5229\u6da6\u603b\u989d\u52a0\u4e0a\u6263\u9664\u671f\u95f4\u53d1\u751f\u7684\u5b58\u6b3e\u548c\u8d37\u6b3e\u5229\u606f\u540e\u7684\u5229\u606f\u652f\u51fa\u52a0\u4e0a\u7eb3\u7a0e\u4eba\u671f\u95f4\u53d1\u751f\u7684\u6298\u65e7\u8d39\u7528\u3002.<\/span><\/i><\/p><\/blockquote>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u4e09\u4e2a\u7ec6\u8282\u51b3\u5b9a\u4e86\u6574\u4e2a\u8ba1\u7b97\u7ed3\u679c\uff1a<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u6263\u9664\u5b58\u6b3e\u5229\u606f\u548c\u8d37\u6b3e\u5229\u606f\u540e\uff0c\u53d7\u9650\u7684\u5bf9\u8c61\u662f\u51c0\u5229\u606f\u652f\u51fa\uff0c\u800c\u975e\u603b\u5229\u606f\u652f\u51fa\u3002\u8fd9\u6b63\u662f\u5904\u7406\u8d85\u8fc730% EBITDA\u9608\u503c\u7684\u5b58\u6b3e\u5229\u606f\u65f6\uff0c\u5fc5\u987b\u4ece\u62c6\u5206\u91d1\u878d\u6536\u5165\u73af\u8282\u5f00\u59cb\u7684\u539f\u56e0\u3002.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u8be5\u671f\u95f4\u7684\u4e1a\u52a1\u7ecf\u8425\u51c0\u5229\u6da6\u603b\u989d\uff0c\u53d6\u81ea\u635f\u76ca\u8868\u4e2d\u7684\u4e1a\u52a1\u7ecf\u8425\u51c0\u5229\u6da6\u6570\u636e\uff0c\u800c\u975e\u7a0e\u524d\u5229\u6da6\u3002.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u5728\u6263\u9664\u5b58\u6b3e\u548c\u8d37\u6b3e\u5229\u606f\u540e\uff0c\u5206\u6bcd\u4e2d\u4e00\u6b21\u662f\u53d7\u63a7\u5229\u606f\uff0c\u4e00\u6b21\u662f\u9644\u52a0\u5229\u606f\uff0c\u7b2c\u4e8c\u6b21\u6263\u9664\u662f\u6700\u5e38\u89c1\u7684\u6280\u672f\u6027\u9519\u8bef\uff0c\u4f1a\u5938\u5927 EBITDA \u5e76\u9020\u6210\u865a\u5047\u7684\u5b89\u5168\u611f\u3002.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u7b2c\u5341\u516d\u6761\u7b2c\u4e09\u6b3eb\u70b9\uff1a<\/span><\/p>\n<blockquote><p><i><span style=\"font-weight: 400;\">\u6839\u636e\u672c\u6761\u6b3e(a)\u9879\u89c4\u5b9a\u4e0d\u53ef\u6263\u9664\u7684\u5229\u606f\u652f\u51fa\u90e8\u5206\uff0c\u5728\u786e\u5b9a\u53ef\u6263\u9664\u5229\u606f\u652f\u51fa\u603b\u989d\u65f6\uff0c\u5e94\u7ed3\u8f6c\u81f3\u4e0b\u4e00\u7eb3\u7a0e\u671f\uff0c\u4f46\u524d\u63d0\u662f\u4e0b\u4e00\u7eb3\u7a0e\u671f\u53d1\u751f\u7684\u53ef\u6263\u9664\u5229\u606f\u652f\u51fa\u603b\u989d\u4f4e\u4e8e\u672c\u6761\u6b3e(a)\u9879\u89c4\u5b9a\u7684\u91d1\u989d\u3002\u5229\u606f\u652f\u51fa\u7684\u7ed3\u8f6c\u671f\u9650\u4e0d\u5f97\u8d85\u8fc7\u81ea\u4e0d\u53ef\u6263\u9664\u5229\u606f\u652f\u51fa\u53d1\u751f\u5e74\u5ea6\u7684\u6b21\u5e74\u8d77\u4e94\u5e74\u3002.<\/span><\/i><\/p><\/blockquote>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u7b2c\u5341\u516d\u6761\u7b2c\u4e09\u6b3ec\u9879\uff1a<\/span><\/p>\n<blockquote><p><i><span style=\"font-weight: 400;\">\u7b2c a \u70b9\u89c4\u5b9a\u7684\u9650\u5236\u4e0d\u9002\u7528\u4e8e\u4ee5\u4e0b\u60c5\u51b5\uff1a\u6839\u636e\u300a\u4fe1\u8d37\u673a\u6784\u6cd5\u300b\u5c5e\u4e8e\u4fe1\u8d37\u673a\u6784\u7684\u7eb3\u7a0e\u4eba\u8d37\u6b3e\uff1b\u6839\u636e\u300a\u4fdd\u9669\u4e1a\u52a1\u6cd5\u300b\u5c5e\u4e8e\u4fdd\u9669\u4e1a\u52a1\u673a\u6784\u7684\u8d37\u6b3e\uff1b\u5b98\u65b9\u53d1\u5c55\u63f4\u52a9\uff08ODA\uff09\u8d37\u6b3e\uff1b\u653f\u5e9c\u901a\u8fc7\u5411\u5916\u56fd\u501f\u6b3e\u5411\u4f01\u4e1a\u653e\u8d37\u7684\u65b9\u5f0f\u5b9e\u65bd\u7684\u653f\u5e9c\u4f18\u60e0\u8d37\u6b3e\uff1b\u7528\u4e8e\u5b9e\u65bd\u56fd\u5bb6\u76ee\u6807\u8ba1\u5212\u7684\u8d37\u6b3e\uff1b\u4ee5\u53ca\u7528\u4e8e\u6295\u8d44\u5b9e\u65bd\u56fd\u5bb6\u793e\u4f1a\u798f\u5229\u653f\u7b56\u7684\u8ba1\u5212\u548c\u9879\u76ee\u7684\u8d37\u6b3e\u3002.<\/span><\/i><\/p><\/blockquote>\n<p style=\"text-align: justify;\"><b>\u7b14\u8bb0\uff1a<\/b><span style=\"font-weight: 400;\"> \u8fd9\u662f\u57fa\u4e8e\u5b9e\u4f53\u548c\u8d44\u91d1\u6765\u6e90\u7684\u4f8b\u5916\u60c5\u51b5\uff0c\u800c\u975e\u57fa\u4e8e\u4f01\u4e1a\u610f\u613f\u7684\u4f8b\u5916\u60c5\u51b5\u3002\u6839\u636e\u7b2c5\u6761\u89c4\u5b9a\uff0c\u5982\u679c\u5546\u4e1a\u4f01\u4e1a\u4ece\u94f6\u884c\u501f\u6b3e\u5bfc\u81f4\u5173\u8054\u5173\u7cfb\uff0c\u5219\u8be5\u4f01\u4e1a\u4ecd\u9700\u9075\u5b88\u5229\u606f\u652f\u4ed8\u8d85\u8fc730% EBITDA\u95e8\u69db\u7684\u89c4\u5b9a\u3002.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Hieu_dung_ba_cau_phan_truoc_khi_xu_ly_tien_gui_lai_vay_vuot_nguong_30_EBITDA\"><\/span><b>\u5728\u5904\u7406\u8d85\u8fc730% EBITDA\u9608\u503c\u7684\u8d37\u6b3e\u5229\u606f\u5b58\u6b3e\u4e4b\u524d\uff0c\u9700\u6b63\u786e\u7406\u89e3\u8fd9\u4e09\u4e2a\u7ec4\u6210\u90e8\u5206<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u5904\u7406\u8d85\u8fc7 30% EBITDA \u9608\u503c\u7684\u5229\u606f\u652f\u4ed8\u7684\u6807\u51c6\u516c\u5f0f\u53ef\u6982\u62ec\u5982\u4e0b\uff1a<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u786e\u5b9a\u51c0\u5229\u606f\u652f\u51fa\uff1a<\/span><\/p>\n<table style=\"width: 100%; border-color: #000000;\" border=\"1\" cellspacing=\"2\" cellpadding=\"12\">\n<tbody>\n<tr>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">\u51c0\u5229\u606f\u652f\u51fa = \u672c\u671f\u53d1\u751f\u7684\u5229\u606f\u652f\u51fa \u2013 \uff08\u672c\u671f\u53d1\u751f\u7684\u5b58\u6b3e\u5229\u606f + \u8d37\u6b3e\u5229\u606f\u652f\u51fa\uff09<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u786e\u5b9a EBITDA\uff1a<\/span><\/p>\n<table style=\"width: 100%; border-color: #000000;\" border=\"1\" cellspacing=\"2\" cellpadding=\"12\">\n<tbody>\n<tr>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">EBITDA = \u8425\u4e1a\u51c0\u5229\u6da6 + \u51c0\u5229\u606f\u652f\u51fa + \u6298\u65e7\u8d39\u7528<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u7136\u540e\uff0c\u6392\u9664\u9608\u503c\uff1a<\/span><\/p>\n<table style=\"width: 100%; border-color: #000000;\" border=\"1\" cellspacing=\"2\" cellpadding=\"12\">\n<tbody>\n<tr>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">\u6263\u9664\u95e8\u69db = 30% x EBITDA<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u88ab\u8d85\u8d8a\u7684\u90e8\u5206\u88ab\u53d6\u6d88\u8d44\u683c\uff1a<\/span><\/p>\n<table style=\"width: 100%; border-color: #000000;\" border=\"1\" cellspacing=\"2\" cellpadding=\"12\">\n<tbody>\n<tr>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">\u4e0d\u5141\u8bb8\u6263\u9664\u7684\u8d85\u989d\u91d1\u989d = \u51c0\u5229\u606f\u652f\u51fa \u2013 \u6263\u9664\u9650\u989d<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Lai_tien_gui_va_lai_cho_vay_duoc_bu_tru_nhu_the_nao\"><\/span><b>\u5b58\u6b3e\u5229\u606f\u548c\u8d37\u6b3e\u5229\u606f\u5982\u4f55\u76f8\u4e92\u62b5\u6d88\uff1f<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u5177\u4f53\u6765\u8bf4\uff1a<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u4ec5\u5f53\u671f\u53d1\u751f\u62b5\u9500\u91d1\u989d\uff1a\u4e0a\u671f\u5e94\u8ba1\u5229\u606f\u6216\u4e0b\u4e00\u671f\u9884\u6536\u5229\u606f\u5fc5\u987b\u8c03\u6574\u5230\u6b63\u786e\u7684\u671f\u95f4\u3002.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u6536\u5165\u7684\u771f\u6b63\u6027\u8d28\u5728\u4e8e\u94f6\u884c\u5b58\u6b3e\u5229\u606f\u548c\u8d37\u6b3e\u5229\u606f\u76f8\u4e92\u62b5\u6d88\u3002\u5176\u4ed6\u8ba1\u5165\u91d1\u878d\u6536\u5165\u7684\u9879\u76ee\uff0c\u4f8b\u5982\u6c47\u7387\u5dee\u989d\u3001\u80a1\u606f\u3001\u5916\u6c47\u6536\u76ca\u548c\u652f\u4ed8\u6298\u6263\u7b49\uff0c\u5219\u4e0d\u53c2\u4e0e\u62b5\u6d88\u3002.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u4e0d\u5f97\u968f\u610f\u8fdb\u884c\u53cd\u5411\u62b5\u9500\uff1a\u5982\u679c\u5b58\u6b3e\u5229\u606f\u548c\u8d37\u6b3e\u5229\u606f\u5927\u4e8e\u5229\u606f\u652f\u51fa\uff0c\u5bfc\u81f4\u51c0\u5229\u606f\u652f\u51fa\u4e3a\u8d1f\u503c\uff0c\u5219\u65e0\u9700\u5c31\u8d85\u8fc730% EBITDA\u9608\u503c\u7684\u5b58\u6b3e\u5229\u606f\u8fdb\u884c\u5904\u7406\uff0c\u4f46\u4f01\u4e1a\u4ecd\u987b\u5982\u5b9e\u7533\u62a5\u3002.<\/span><\/li>\n<\/ul>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"EBITDA_theo_thue_khac_EBITDA_theo_tai_chinh_o_diem_nao\"><\/span><b>\u57fa\u4e8e\u7a0e\u6536\u7684 EBITDA \u548c\u57fa\u4e8e\u8d22\u52a1\u7684 EBITDA \u6709\u4ec0\u4e48\u533a\u522b\uff1f<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u8bb8\u591a\u9996\u5e2d\u8d22\u52a1\u5b98\u4e60\u60ef\u4e8e\u4f7f\u7528\u7ba1\u7406\u5c42\u8ba1\u7b97\u7684 EBITDA\uff08\u7a0e\u524d\u5229\u6da6 + \u5229\u606f\u652f\u51fa + \u6298\u65e7\uff09\u5e76\u76f4\u63a5\u5e94\u7528\u4e8e\u8ba1\u7b97\u3002\u8fd9\u79cd\u65b9\u6cd5\u5f80\u5f80\u4f1a\u5bfc\u81f4\u7ed3\u679c\u4e0d\u51c6\u786e\uff0c\u539f\u56e0\u6709\u4e8c\uff1a\u9996\u5148\uff0c\u7a0e\u540e EBITDA \u6e90\u81ea\u51c0\u8425\u4e1a\u5229\u6da6\uff0c\u800c\u51c0\u8425\u4e1a\u5229\u6da6\u5305\u542b\u4e86\u8d22\u52a1\u6536\u5165\u548c\u8d22\u52a1\u8d39\u7528\uff0c\u5374\u4e0d\u5305\u62ec\u5176\u4ed6\u6536\u5165\u548c\u652f\u51fa\uff1b\u5176\u6b21\uff0c\u5229\u606f\u90e8\u5206\u5e94\u4e3a\u51c0\u5229\u606f\u652f\u51fa\uff0c\u800c\u975e\u603b\u5229\u606f\u652f\u51fa\u3002.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u4ec5\u5176\u4ed6\u6536\u5165\u7684\u5dee\u5f02\uff0c\u4f8b\u5982\u6e05\u7b97\u56fa\u5b9a\u8d44\u4ea7\u6240\u5f97\u7684\u6570\u767e\u4ebf\u8d8a\u5357\u76fe\u5229\u6da6\uff0c\u5c31\u8db3\u4ee5\u5bfc\u81f4\u4e24\u4e2a EBITDA \u6570\u636e\u51fa\u73b0\u5dee\u5f02\u3002.<\/span><\/p>\n<blockquote><p><b>\u53c2\u8003\uff1a<\/b> <strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/cong-thuc-tinh-chi-phi-lai-vay-duoc-tru\/\">\u8ba1\u7b97\u53ef\u62b5\u6263\u5229\u606f\u652f\u51fa\u7684\u516c\u5f0f\u3002.<\/a><\/span><\/strong><\/p><\/blockquote>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Quy_trinh_xu_ly_tien_gui_lai_vay_vuot_nguong_30_EBITDA\"><\/span><b>\u8d85\u8fc730% EBITDA\u9608\u503c\u7684\u8d37\u6b3e\u5229\u606f\u5b58\u6b3e\u5904\u7406\u6d41\u7a0b<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u5904\u7406\u8d37\u6b3e\u5229\u606f\u8d85\u8fc730% EBITDA\u9608\u503c\u7684\u5b58\u6b3e\u7684\u6d41\u7a0b\uff0c\u5177\u4f53\u6b65\u9aa4\u5982\u4e0b\uff1a<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u7b2c\u4e00\u6b65\u2014\u2014\u786e\u5b9a\u8d44\u683c\uff1a\u5ba1\u67e5\u6240\u6709\u6743\u7ed3\u6784\u3001\u8d37\u6b3e\u534f\u8bae\u3001\u62c5\u4fdd\u51fd\u4ee5\u53ca\u4e0e\u7ba1\u7406\u4e2a\u4eba\u7684\u501f\u8d37\u4ea4\u6613\uff0c\u4ee5\u786e\u5b9a\u8be5\u4f01\u4e1a\u662f\u5426\u5c5e\u4e8e\u7b2c 5 \u6761\u7684\u8303\u56f4\u3002\u7ed3\u8bba\u5fc5\u987b\u4ee5\u4e66\u9762\u5f62\u5f0f\u8bb0\u5f55\uff0c\u5e76\u9644\u6709\u4f50\u8bc1\u3002.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u6b65\u9aa4 2 \u2013 \u8d22\u52a1\u6570\u636e\u5206\u79bb\uff1a\u4e3a\u6bcf\u4efd\u8d37\u6b3e\u534f\u8bae\u7f16\u5236\u4e00\u4efd\u8be6\u7ec6\u7684\u5229\u606f\u8d39\u7528\u8868\uff0c\u5c06\u5b58\u6b3e\u5229\u606f\u548c\u8d37\u6b3e\u5229\u606f\u5206\u5f00\uff0c\u4e0e\u603b\u8d26\u8d26\u6237 515 \u548c 635 \u8fdb\u884c\u6bd4\u8f83\uff0c\u5e76\u6392\u9664\u5df2\u8d44\u672c\u5316\u4e3a\u5728\u5efa\u5de5\u7a0b\u8d44\u4ea7\u7684\u5229\u606f\u8d39\u7528\u90e8\u5206\u3002.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u6b65\u9aa4 3 \u2013 \u8ba1\u7b97\u5e94\u7a0e EBITDA \u548c 30% \u95e8\u69db\uff1a\u5e94\u7528\u7b2c 16 \u6761\u7b2c 3 \u6b3e a \u70b9\u4e2d\u89c4\u5b9a\u7684\u6b63\u786e\u516c\u5f0f\uff0c\u5e76\u5c06\u8ba1\u7b97\u8868\u4fdd\u5b58\uff0c\u5e76\u6ce8\u660e\u7ecf\u5ba1\u8ba1\u8d22\u52a1\u62a5\u8868\u4e2d\u6bcf\u4e2a\u9879\u76ee\u7684\u53c2\u8003\u4fe1\u606f\u3002.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u6b65\u9aa4 4 \u2013 \u8bc6\u522b\u5e76\u6392\u9664\u8d85\u989d\u90e8\u5206\uff1a\u8bb0\u5f55\u5728\u516c\u53f8\u6240\u5f97\u7a0e\u7533\u62a5\u8868\u4e2d\uff0c\u4e0d\u80fd\u4ece\u5e94\u7eb3\u7a0e\u6240\u5f97\u989d\u5411\u4e0a\u8c03\u6574\u4e2d\u6263\u9664\u7684\u5229\u606f\u652f\u51fa\u90e8\u5206\u3002.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u6b65\u9aa4 5 \u2013 \u6253\u5f00\u7ed3\u8f6c\u8ddf\u8e2a\u8d26\u7c3f\uff1a\u4e3a\u6bcf\u4e2a\u53d1\u751f\u5e74\u4efd\u521b\u5efa\u4e00\u4e2a\u5355\u72ec\u7684\u8ddf\u8e2a\u8868\uff0c\u6e05\u6670\u8bb0\u5f55\u91d1\u989d\u3001\u53d1\u751f\u5e74\u4efd\u3001\u7ed3\u8f6c\u5230\u671f\u5e74\u4efd\u4ee5\u53ca\u6bcf\u4e2a\u671f\u95f4\u4f7f\u7528\u7684\u91d1\u989d\u3002\u8fd9\u662f\u540e\u7eed\u671f\u95f4\u81f3\u5173\u91cd\u8981\u7684\u6587\u6863\u3002.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u6b65\u9aa4 6 \u2013 \u5b8c\u6210\u6587\u4ef6\u548c\u7533\u62a5\uff1a\u6839\u636e\u6cd5\u4ee4\u9644\u4ef6\u7533\u62a5\u5229\u606f\u652f\u51fa\u6bd4\u7387\uff0c\u5e76\u5c06\u5176\u4e0e\u7eb3\u7a0e\u7533\u62a5\u8868\u4e00\u8d77\u63d0\u4ea4\uff0c\u540c\u65f6\u5b8c\u6210\u8f6c\u8ba9\u5b9a\u4ef7\u6587\u4ef6\uff08\u5982\u679c\u4e0d\u662f\u514d\u4e8e\u51c6\u5907\u7684\uff09\u3002.<\/span><\/li>\n<\/ul>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Vi_du_thuc_te_Xu_ly_tien_gui_lai_vay_vuot_nguong_30_EBITDA_tai_mot_doanh_nghiep_san_xuat\"><\/span><b>\u5b9e\u9645\u6848\u4f8b\uff1a\u67d0\u5236\u9020\u4f01\u4e1a\u5904\u7406\u8d85\u8fc730% EBITDA\u9608\u503c\u7684\u8d37\u6b3e\u5229\u606f\u5b58\u6b3e<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure id=\"attachment_4984\" aria-describedby=\"caption-attachment-4984\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-4984\" src=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/08\/Case-study-ve-xu-ly-tien-lai-vay-vuot-nguong-30-EBITDA.jpg\" alt=\"Case study v\u1ec1 x\u1eed l\u00fd ti\u1ec1n l\u00e3i vay v\u01b0\u1ee3t ng\u01b0\u1ee1ng 30% EBITDA\" width=\"1200\" height=\"675\" srcset=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/08\/Case-study-ve-xu-ly-tien-lai-vay-vuot-nguong-30-EBITDA.jpg 1200w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/08\/Case-study-ve-xu-ly-tien-lai-vay-vuot-nguong-30-EBITDA-300x169.jpg 300w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/08\/Case-study-ve-xu-ly-tien-lai-vay-vuot-nguong-30-EBITDA-1024x576.jpg 1024w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/08\/Case-study-ve-xu-ly-tien-lai-vay-vuot-nguong-30-EBITDA-768x432.jpg 768w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/08\/Case-study-ve-xu-ly-tien-lai-vay-vuot-nguong-30-EBITDA-18x10.jpg 18w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-4984\" class=\"wp-caption-text\">\u5173\u4e8e\u5904\u7406\u8d85\u8fc730% EBITDA\u9608\u503c\u7684\u8d37\u6b3e\u5229\u606f\u5b58\u6b3e\u7684\u6848\u4f8b\u7814\u7a76<\/figcaption><\/figure>\n<p style=\"text-align: justify;\"><b>\u8ba4\u4e3a\uff1a<\/b><span style=\"font-weight: 400;\"> A\u516c\u53f8\uff08\u96f6\u90e8\u4ef6\u5236\u9020\u5546\uff0c\u5411\u5176\u6d77\u5916\u6bcd\u516c\u53f8\u501f\u6b3e\uff092026\u7eb3\u7a0e\u5e74\u5ea6\u7684\u6570\u636e\u5982\u4e0b\uff1a<\/span><\/p>\n<table style=\"width: 100%; border-color: #000000;\" border=\"1\" cellspacing=\"2\" cellpadding=\"12\">\n<tbody>\n<tr>\n<td style=\"text-align: center;\"><b>\u6307\u6807<\/b><\/td>\n<td style=\"text-align: center;\"><b>\u91d1\u989d\uff08\u5341\u4ebf\u8d8a\u5357\u76fe\uff09<\/b><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">\u51c0\u8425\u4e1a\u5229\u6da6<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">50<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">\u672c\u671f\u95f4\u53d1\u751f\u7684\u5229\u606f\u652f\u51fa\u00a0<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">45<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">\u5b58\u6b3e\u5229\u606f + \u8d37\u6b3e\u5229\u606f<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">5<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">\u672c\u671f\u6298\u65e7\u8d39\u7528<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">10<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u8ba1\u7b97\u6b65\u9aa4\uff1a<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u51c0\u5229\u606f\u652f\u51fa = 45 \u2212 5 = 400\u4ebf\u8d8a\u5357\u76fe<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u5e94\u7a0e EBITDA = 50 + 40 + 10 = 1000 \u4ebf\u8d8a\u5357\u76fe<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u6263\u9664\u989d = 30% \u00d7 100 = 300\u4ebf\u8d8a\u5357\u76fe<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u88ab\u62d2\u6536\u7684\u8d85\u989d\u91d1\u989d = 40 - 30 = 100\u4ebf\u8d8a\u5357\u76fe<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">A \u516c\u53f8\u5728 2026 \u5e74\u671f\u95f4\u5c06\u5176\u5e94\u7eb3\u7a0e\u6240\u5f97\u989d\u4e0a\u8c03 100 \u4ebf\u8d8a\u5357\u76fe\uff0c\u540c\u65f6\u5c06\u8fd9 100 \u4ebf\u8d8a\u5357\u76fe\u8bb0\u5165\u7ed3\u8f6c\u8d26\u7c3f\uff0c\u81ea 2027 \u5e74\u8d77\u8fde\u7eed\u4f7f\u7528\u671f\u9650\u4e0d\u8d85\u8fc7 5 \u5e74\u3002.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u5047\u8bbe\u8be5\u516c\u53f8\u57282027\u5e74\u51cf\u5c11\u4e86\u672a\u507f\u503a\u52a1\uff0c\u51c0\u5229\u606f\u652f\u51fa\u4e3a200\u4ebf\u8d8a\u5357\u76fe\uff0c\u800c30% EBITDA\u95e8\u69db\u8fbe\u5230280\u4ebf\u8d8a\u5357\u76fe\uff0c\u5219\u5269\u4f59\u5229\u6da6\u4e3a80\u4ebf\u8d8a\u5357\u76fe\u3002\u8be5\u516c\u53f8\u53ef\u5c062026\u5e74\u672a\u507f\u503a\u52a1\u4f59\u989d\u4e2d\u768480\u4ebf\u8d8a\u5357\u76fe\u7ed3\u8f6c\u81f32027\u5e74\u6263\u9664\uff1b\u5269\u4f59\u768420\u4ebf\u8d8a\u5357\u76fe\u5c06\u5728\u5269\u4f59\u671f\u9650\u5185\u7684\u540e\u7eed\u671f\u95f4\u7ee7\u7eed\u8fdb\u884c\u76d1\u63a7\u3002.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u8fd9\u4e00\u6570\u636e\u8868\u660e\uff0c\u4e3a\u4f55\u5c06\u8d37\u6b3e\u5229\u606f\u652f\u51fa\u8d85\u8fc730% EBITDA\u9608\u503c\u7684\u95ee\u9898\u89c6\u4e3a\u4e00\u9879\u591a\u5e74\u8ba1\u5212\uff0c\u800c\u975e\u4e00\u6b21\u7ed3\u8d26\u5206\u5f55\uff0c\u662f\u5f88\u6709\u9053\u7406\u7684\u3002.<\/span><\/p>\n<p style=\"text-align: justify;\"><b>\u91cd\u8981\u63d0\u793a\uff1a<\/b><span style=\"font-weight: 400;\"> \u5982\u679c\u8be5\u671f\u95f4\u5185\u6ca1\u6709\u53d1\u751f\u5173\u8054\u65b9\u4ea4\u6613\uff0c\u5219\u4e0a\u4e00\u671f\u95f4\u4e0d\u53ef\u62b5\u6263\u7684\u5229\u606f\u652f\u51fa\u4e0d\u80fd\u7ed3\u8f6c\u5230\u4e0b\u4e00\u671f\u95f4\u3002.<\/span><\/p>\n<p style=\"text-align: justify;\"><b>\u4f8b\u5982\uff1a<\/b><span style=\"font-weight: 400;\"> \u5982\u679c 2025 \u5e74\u51fa\u73b0\u8d85\u989d\u5229\u606f\u652f\u51fa\uff0c\u4f46 2026 \u5e74\u6ca1\u6709\u53d1\u751f\u5173\u8054\u65b9\u4ea4\u6613\uff0c\u5219\u8be5\u4f01\u4e1a\u4e0d\u5f97\u5c06 2025 \u5e74\u7684\u8d85\u989d\u91d1\u989d\u7ed3\u8f6c\u81f3 2026 \u5e74\u3002.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Tinh_huong_dac_biet_EBITDA_am_hoac_lai_tien_gui_lon_hon_chi_phi_lai_vay\"><\/span><b>\u7279\u6b8a\u60c5\u51b5\uff1aEBITDA\u4e3a\u8d1f\u503c\u6216\u5b58\u6b3e\u5229\u606f\u6536\u5165\u8d85\u8fc7\u5229\u606f\u652f\u51fa\u3002<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u5982\u679c EBITDA \u4e3a\u8d1f\u503c\u6216\u96f6\uff0c\u5219\u6263\u9664\u95e8\u69db\u4e3a\u96f6\u6216\u6beb\u65e0\u610f\u4e49\uff0c\u5bfc\u81f4\u8be5\u671f\u95f4\u7684\u5168\u90e8\u51c0\u5229\u606f\u652f\u51fa\u5747\u4e0d\u5f97\u6263\u9664\u3002\u4e8f\u635f\u4f01\u4e1a\u3001\u5df2\u8fdb\u884c\u5927\u91cf\u6295\u8d44\u7684\u4f01\u4e1a\u6216\u65b0\u8fd1\u8fd0\u8425\u7684\u4f01\u4e1a\u7ecf\u5e38\u4f1a\u9047\u5230\u8fd9\u79cd\u60c5\u51b5\uff0c\u56e0\u6b64\u9700\u8981\u8fdb\u884c\u6700\u4e25\u683c\u7684\u8fc7\u6e21\u671f\u8ddf\u8e2a\u3002.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u5f53\u5b58\u6b3e\u5229\u606f\u6536\u5165\u52a0\u4e0a\u8d37\u6b3e\u5229\u606f\u8d85\u8fc7\u5229\u606f\u652f\u51fa\u65f6\uff08\u524d\u63d0\u662f\u6ca1\u6709\u8d85\u989d\u90e8\u5206\uff09\uff0c\u51c0\u5229\u606f\u652f\u51fa\u88ab\u89c6\u4e3a\u8d1f\u503c\u3002\u4f01\u4e1a\u4ecd\u5e94\u7167\u5e38\u7533\u62a5\u5229\u606f\uff0c\u5e76\u4fdd\u7559\u76f8\u5173\u7535\u5b50\u8868\u683c\u4ee5\u4f5c\u8bf4\u660e\u3002.<\/span><\/p>\n<p style=\"text-align: justify;\"><b>\u7b14\u8bb0\uff1a<\/b><span style=\"font-weight: 400;\"> \u5982\u679c EBITDA \u5c0f\u4e8e 0\uff0c\u5219\u8be5\u7eb3\u7a0e\u671f\u95f4\u7684\u5168\u90e8\u5229\u606f\u652f\u51fa\u5747\u4e0d\u53ef\u6263\u9664\u3002\u4e0d\u53ef\u6263\u9664\u7684\u5229\u606f\u652f\u51fa\u90e8\u5206\u5c06\u7ed3\u8f6c\u81f3\u540e\u7eed\u7eb3\u7a0e\u671f\u95f4\u3002.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Ho_so_va_ke_khai_chung_minh_viec_xu_ly_tien_gui_lai_vay_vuot_nguong_30_EBITDA\"><\/span><b>\u8bc1\u660e\u5904\u7406\u8d85\u8fc730% EBITDA\u9608\u503c\u7684\u8d37\u6b3e\u5229\u606f\u6536\u5165\u7684\u76f8\u5173\u6587\u4ef6\u548c\u7533\u62a5\u6750\u6599<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure id=\"attachment_4985\" aria-describedby=\"caption-attachment-4985\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-4985\" src=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/08\/Ho-so-va-ke-khai-chung-minh-viec-xu-ly-tien-lai-vay-vuot-nguong-30-EBITDA.jpg\" alt=\"H\u1ed3 s\u01a1 v\u00e0 k\u00ea khai ch\u1ee9ng minh vi\u1ec7c x\u1eed l\u00fd ti\u1ec1n l\u00e3i vay v\u01b0\u1ee3t ng\u01b0\u1ee1ng 30% EBITDA\" width=\"1200\" height=\"675\" srcset=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/08\/Ho-so-va-ke-khai-chung-minh-viec-xu-ly-tien-lai-vay-vuot-nguong-30-EBITDA.jpg 1200w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/08\/Ho-so-va-ke-khai-chung-minh-viec-xu-ly-tien-lai-vay-vuot-nguong-30-EBITDA-300x169.jpg 300w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/08\/Ho-so-va-ke-khai-chung-minh-viec-xu-ly-tien-lai-vay-vuot-nguong-30-EBITDA-1024x576.jpg 1024w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/08\/Ho-so-va-ke-khai-chung-minh-viec-xu-ly-tien-lai-vay-vuot-nguong-30-EBITDA-768x432.jpg 768w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2026\/08\/Ho-so-va-ke-khai-chung-minh-viec-xu-ly-tien-lai-vay-vuot-nguong-30-EBITDA-18x10.jpg 18w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-4985\" class=\"wp-caption-text\">\u8bc1\u660e\u5904\u7406\u8d85\u8fc730% EBITDA\u9608\u503c\u7684\u8d37\u6b3e\u5229\u606f\u6536\u5165\u7684\u76f8\u5173\u6587\u4ef6\u548c\u7533\u62a5\u6750\u6599<\/figcaption><\/figure>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u8ba1\u7b97\u65b9\u6cd5\u5fc5\u987b\u5728\u5ba1\u8ba1\u8fc7\u7a0b\u4e2d\u5f97\u5230\u9a8c\u8bc1\u3002\u6240\u9700\u6587\u4ef6\u81f3\u5c11\u5e94\u5305\u62ec\uff1a<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">30% EBITDA \u9608\u503c\u7535\u5b50\u8868\u683c\u5305\u542b\u5bf9\u8d22\u52a1\u62a5\u8868\u6570\u5b57\u548c\u4f1a\u8ba1\u79d1\u76ee\u7f16\u53f7\u7684\u5f15\u7528\u3002.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u6bcf\u4efd\u8d37\u6b3e\u534f\u8bae\u7684\u5229\u606f\u652f\u51fa\u660e\u7ec6\uff0c\u5305\u62ec\u8d37\u6b3e\u5408\u540c\u3001\u9644\u4ef6\u3001\u4ed8\u6b3e\u6587\u4ef6\u548c\u94f6\u884c\u5229\u606f\u786e\u8ba4\u51fd\u3002.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u5c06\u5b58\u6b3e\u548c\u8d37\u6b3e\u5229\u606f\u62a5\u8868\u4e0e\u94f6\u884c\u5bf9\u8d26\u5355\u8fdb\u884c\u6838\u5bf9\u3002.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u591a\u5e74\u8fc7\u6e21\u8ddf\u8e2a\u8868\u663e\u793a\u671f\u521d\u4f59\u989d\u3001\u4ea4\u6613\u3001\u4f7f\u7528\u60c5\u51b5\u3001\u671f\u672b\u4f59\u989d\u548c\u5230\u671f\u5e74\u4efd\u3002.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u4f7f\u7528\u7b2c 255\/2026\/ND-CP \u53f7\u6cd5\u4ee4\u9881\u5e03\u7684\u8868\u683c\u7533\u62a5\u5229\u606f\u652f\u51fa\u6bd4\u7387\u7684\u9644\u5f55\u5fc5\u987b\u4e0e\u4f01\u4e1a\u6240\u5f97\u7a0e\u7533\u62a5\u8868\u4e00\u8d77\u63d0\u4ea4\u3002.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u786e\u5b9a\u8f6c\u8ba9\u5b9a\u4ef7\u7684\u6587\u4ef6\uff08\u56fd\u5bb6\u6587\u4ef6\u3001\u5168\u7403\u6587\u4ef6\u3001\u56fd\u522b\u62a5\u544a\uff09\u5e94\u7279\u522b\u6ce8\u610f\u8bc1\u660e\u5411\u5173\u8054\u65b9\u63d0\u4f9b\u7684\u8d37\u6b3e\u5229\u7387\u7b26\u5408\u516c\u5e73\u4ea4\u6613\u539f\u5219\u7684\u90e8\u5206\u3002.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u5173\u8054\u65b9\u4ea4\u6613\u7531\u4e8e\u64cd\u4f5c\u590d\u6742\uff0c\u59cb\u7ec8\u9700\u8981\u4e13\u4e1a\u77e5\u8bc6\uff0c\u4ee5\u53ca\u5bf9\u7a0e\u6cd5\u548c\u8d22\u52a1\u7684\u900f\u5f7b\u7406\u89e3\u3002\u5982\u679c\u4f01\u4e1a\u6ca1\u6709\u4e13\u95e8\u7684\u90e8\u95e8\uff0c\u5efa\u8bae\u54a8\u8be2\u4e13\u4e1a\u4eba\u58eb\u3002 <\/span><strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/dich-vu-tu-van-giao-dich-lien-ket\/\">\u5173\u8054\u65b9\u4ea4\u6613\u54a8\u8be2\u670d\u52a1<\/a><\/span><\/strong><span style=\"font-weight: 400;\"> \u5982\u9700\u66f4\u6df1\u5165\u7684\u652f\u6301\uff0c\u8bf7\u54a8\u8be2\u50cf MAN \u2013 Master Accountant Network \u8fd9\u6837\u7684\u4e13\u4e1a\u4e14\u7ecf\u9a8c\u4e30\u5bcc\u7684\u7ec4\u7ec7\u3002.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u51ed\u501f 30 \u591a\u5e74\u7684\u884c\u4e1a\u7ecf\u9a8c\uff0c\u4ee5\u53ca\u4e0e 500 \u591a\u5bb6\u5916\u5546\u76f4\u63a5\u6295\u8d44\u4f01\u4e1a\u5efa\u7acb\u7684\u5408\u4f5c\u5173\u7cfb\uff0cMAN \u6709\u4fe1\u5fc3\u4e3a\u4f01\u4e1a\u63d0\u4f9b\u4e0e\u5173\u8054\u65b9\u4ea4\u6613\uff08\u8f6c\u8ba9\u5b9a\u4ef7\uff09\u76f8\u5173\u7684\u6240\u6709\u652f\u6301\u3002.<\/span><\/p>\n<p style=\"text-align: justify;\"><b>\u5173\u4e8e\u5176\u6027\u8d28\u7684\u8bf4\u660e\uff1a<\/b><span style=\"font-weight: 400;\"> \u5982\u679c\u5173\u8054\u65b9\u8d37\u6b3e\u7684\u5229\u7387\u672a\u80fd\u53cd\u6620\u5e02\u573a\u4ef7\u683c\uff0c\u7a0e\u52a1\u673a\u5173\u5728\u9002\u752830% EBITDA\u95e8\u69db\u4e4b\u524d\uff0c\u53ef\u80fd\u4f1a\u91cd\u65b0\u8bc4\u4f30\u5229\u606f\u652f\u51fa\u3002\u8fd9\u610f\u5473\u7740\uff0c\u5982\u679c\u5173\u8054\u65b9\u4ea4\u6613\u5b9a\u4ef7\u8bb0\u5f55\u4e0d\u4f73\uff0c\u8d85\u8fc7\u95e8\u69db\u7684\u91d1\u989d\u5c06\u88ab\u5927\u5e45\u5938\u5927\u3002.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Ket_luan\"><\/span><b>\u603b\u7ed3<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u5982\u679c\u8d35\u516c\u53f8\u7684\u5229\u606f\u652f\u51fa\u8bb0\u5f55\u4ecd\u7136\u5b58\u5728\u4e0d\u786e\u5b9a\u6027\uff0c\u4f8b\u5982\u786e\u5b9a\u5173\u8054\u65b9\u8d44\u683c\u3001\u5c06\u5229\u606f\u6536\u5165\u4e0e\u5b58\u6b3e\u5206\u5f00\u3001\u8ddf\u8e2a\u591a\u5e74\u7ed3\u8f6c\u62a5\u8868\u7b49\uff0c\u8bf7\u8ba9 MAN \u2013 Master Accountant Network \u7684\u5173\u8054\u65b9\u4ea4\u6613\u4e13\u5bb6\u56e2\u961f\u5e2e\u52a9\u60a8\u7684\u4f01\u4e1a\u4e3a\u5373\u5c06\u5230\u6765\u7684\u7eb3\u7a0e\u5e74\u5ea6\u505a\u597d\u51c6\u5907\u3002.<\/span><\/p>\n<p style=\"text-align: justify;\"><strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/giaodichlienket.man.net.vn\/zh\/lien-he\/\">\u8054\u7cfb MAN \u2013 \u4f1a\u8ba1\u5e08\u5927\u5e08\u7f51\u7edc<\/a><\/span><\/strong><span style=\"font-weight: 400;\"> \u514d\u8d39\u63d0\u4f9b\u652f\u6301\u548c\u5efa\u8bae\uff01<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Thong_tin_lien_he_MAN_%E2%80%93_Master_Accountant_Network\"><\/span><b>\u8054\u7cfb\u4fe1\u606f MAN \u2013 \u4f1a\u8ba1\u5e08\u5927\u5e08\u7f51\u7edc<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>\u5730\u5740\uff1a<\/b><span style=\"font-weight: 400;\"> \u80e1\u5fd7\u660e\u5e02\u65b0\u987a\u533a 43 \u8857 19A \u53f7<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>\u624b\u673a\/Zalo\uff1a<\/b><span style=\"font-weight: 400;\"> 0903 963 163 \u2013 0903 428 622<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>\u7535\u5b50\u90ae\u4ef6\uff1a<\/b><span style=\"font-weight: 400;\"> man@man.net.vn<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Google\u5546\u5bb6\u4fe1\u606f\uff1a<\/b> <strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/share.google\/EmihzHg354pCASC9k\" rel=\"nofollow noopener\" target=\"_blank\">\u67e5\u770b MAN \u2013 Master Accountant Network \u7684 Google \u5546\u5bb6\u8d44\u6599\u00a0<\/a><\/span><\/strong><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>LinkedIn\u521b\u59cb\u4eba\uff1a<\/b> <a href=\"https:\/\/www.linkedin.com\/in\/tuy%C3%AAn-l%C3%AA-ho%C3%A0ng-65292aa0\/\" rel=\"nofollow noopener\" target=\"_blank\"><span style=\"font-weight: 400;\"><strong><span style=\"color: #0000ff;\">\u67e5\u770b\u4e13\u5bb6 Le Hoang Tuyen \u7684 LinkedIn \u4e2a\u4eba\u8d44\u6599\u3002<\/span><\/strong>\u00a0<\/span><\/a><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u8d1f\u8d23\u5236\u4f5c\u548c\u4e13\u4e1a\u5185\u5bb9\u5ba1\u6838\uff1a\u5148\u751f <\/span><strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/man.net.vn\/le-hoang-tuyen\/\" rel=\"nofollow noopener\" target=\"_blank\">\u9ece\u9ec4\u5ba3 \u2013 MAN \u2013 \u9ad8\u7ea7\u4f1a\u8ba1\u5e08\u7f51\u7edc\u521b\u59cb\u4eba\u517c\u9996\u5e2d\u6267\u884c\u5b98<\/a><\/span><\/strong><span style=\"font-weight: 400;\">. \u4ed6\u662f\u8d8a\u5357\u6ce8\u518c\u4f1a\u8ba1\u5e08\uff0c\u62e5\u6709\u8d85\u8fc7 30 \u5e74\u7684\u4f1a\u8ba1\u3001\u5ba1\u8ba1\u3001\u7a0e\u52a1\u548c\u516c\u53f8\u6cd5\u5f8b\u54a8\u8be2\u65b9\u9762\u7684\u4e30\u5bcc\u7ecf\u9a8c\u3002.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Cau_hoi_thuong_gap_ve_xu_ly_tien_gui_lai_vay_vuot_nguong_30_EBITDA\"><\/span><b>\u5173\u4e8e\u5904\u7406\u8d85\u8fc730% EBITDA\u9608\u503c\u7684\u8d37\u6b3e\u5229\u606f\u5b58\u6b3e\u7684\u5e38\u89c1\u95ee\u9898<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Doanh_nghiep_khong_co_giao_dich_lien_ket_co_phai_xu_ly_tien_gui_lai_vay_vuot_nguong_30_EBITDA_khong\"><\/span><b>\u6ca1\u6709\u5173\u8054\u65b9\u4ea4\u6613\u7684\u4f01\u4e1a\u662f\u5426\u9700\u8981\u5bf9\u8d85\u8fc7 30% EBITDA \u95e8\u69db\u7684\u5229\u606f\u6536\u5165\u8fdb\u884c\u5904\u7406\uff1f<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u4e0d\u3002\u7b2c\u5341\u516d\u6761\u7b2c\u4e09\u6b3ea\u9879\u89c4\u5b9a\u7684\u9650\u5236\u4ec5\u9002\u7528\u4e8e\u5728\u8be5\u671f\u95f4\u5b58\u5728\u5173\u8054\u65b9\u5173\u7cfb\u548c\u5173\u8054\u65b9\u4ea4\u6613\u7684\u7eb3\u7a0e\u4eba\u3002\u4f46\u662f\uff0c\u4f01\u4e1a\u4ecd\u5e94\u4fdd\u7559\u8bb0\u5f55\uff0c\u8bc1\u660e\u5176\u4e0d\u5c5e\u4e8e\u7b2c\u4e94\u6761\u89c4\u5b9a\u7684\u8303\u56f4\u3002.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Phan_chi_phi_lai_vay_vuot_nguong_co_mat_vinh_vien_khong\"><\/span><b>\u8d85\u51fa\u9650\u989d\u7684\u5229\u606f\u652f\u51fa\u662f\u5426\u4f1a\u6c38\u4e45\u635f\u5931\uff1f<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u5b83\u4e0d\u4f1a\u7acb\u5373\u6d88\u5931\u3002\u6839\u636e\u7b2c\u5341\u516d\u6761\u7b2c\u4e09\u6b3eb\u9879\u89c4\u5b9a\uff0c\u5f53\u4e0b\u4e00\u7eb3\u7a0e\u671f\u7684\u53ef\u6263\u9664\u5229\u606f\u652f\u51fa\u603b\u989d\u4f4e\u4e8e\u89c4\u5b9a\u9650\u989d\u65f6\uff0c\u4e0d\u53ef\u6263\u9664\u90e8\u5206\u53ef\u4ee5\u7ed3\u8f6c\u81f3\u4e0b\u4e00\u7eb3\u7a0e\u671f\uff0c\u7ed3\u8f6c\u671f\u9650\u81ea\u53d1\u751f\u5e74\u5ea6\u7684\u6b21\u5e74\u8d77\u4e0d\u5f97\u8d85\u8fc75\u5e74\u3002.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Lai_chenh_lech_ty_gia_co_duoc_tru_khi_tinh_chi_phi_lai_vay_thuan_khong\"><\/span><b>\u8ba1\u7b97\u51c0\u5229\u606f\u652f\u51fa\u65f6\uff0c\u6c47\u7387\u6536\u76ca\u53ef\u4ee5\u6263\u9664\u5417\uff1f<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u4e0d\u3002\u53ea\u6709\u671f\u95f4\u4ea7\u751f\u7684\u5b58\u6b3e\u5229\u606f\u548c\u8d37\u6b3e\u5229\u606f\u624d\u80fd\u6309\u7167\u7b2c 16 \u6761\u7b2c 3 \u6b3e a \u9879\u7684\u89c4\u5b9a\u8fdb\u884c\u62b5\u9500\u3002.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Vay_ngan_hang_thuong_mai_co_lam_phat_sinh_nghia_vu_xu_ly_tien_gui_lai_vay_vuot_nguong_30_EBITDA_khong\"><\/span><b>\u4ece\u5546\u4e1a\u94f6\u884c\u501f\u6b3e\u662f\u5426\u4f1a\u4ea7\u751f\u5904\u7406\u8d85\u8fc7 30% EBITDA \u95e8\u69db\u7684\u5229\u606f\u652f\u4ed8\u7684\u4e49\u52a1\uff1f<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u8fd9\u8981\u89c6\u5177\u4f53\u60c5\u51b5\u800c\u5b9a\u3002\u5982\u679c\u8d37\u6b3e\u673a\u6784\u4e0d\u53c2\u4e0e\u501f\u6b3e\u6216\u62c5\u4fdd\u4f01\u4e1a\u7684\u7ba1\u7406\u3001\u63a7\u5236\u3001\u51fa\u8d44\u6216\u6295\u8d44\uff0c\u90a3\u4e48\u4ec5\u51ed\u8be5\u7b14\u8d37\u6b3e\u672c\u8eab\u5e76\u4e0d\u6784\u6210\u5173\u8054\u5173\u7cfb\u3002\u53cd\u4e4b\uff0c\u5982\u679c\u8d37\u6b3e\u91d1\u989d\u540c\u65f6\u8fbe\u523025%\uff08\u4ee5\u4f01\u4e1a\u6240\u6709\u8005\u6743\u76ca\u4e3a\u57fa\u51c6\uff09\u4e14\u4e2d\u957f\u671f\u503a\u52a1\u603b\u989d\u8d85\u8fc750%\uff08\u4ee5\u4f01\u4e1a\u4e2d\u957f\u671f\u503a\u52a1\u603b\u989d\u4e3a\u57fa\u51c6\uff09\uff0c\u5e76\u5b58\u5728\u5176\u4ed6\u5173\u8054\u56e0\u7d20\uff0c\u5219\u8be5\u4f01\u4e1a\u5c5e\u4e8e\u9002\u7528\u8303\u56f4\u3002.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Ky_tinh_thue_khong_phat_sinh_giao_dich_lien_ket_thi_co_duoc_chuyen_chi_phi_lai_vay_khong_duoc_tru_cua_ky_truoc_sang_khong\"><\/span><b>\u5982\u679c\u5728\u4e00\u4e2a\u7eb3\u7a0e\u671f\u5185\u6ca1\u6709\u53d1\u751f\u5173\u8054\u65b9\u4ea4\u6613\uff0c\u662f\u5426\u53ef\u4ee5\u5c06\u4e0a\u4e00\u671f\u4e0d\u53ef\u62b5\u6263\u7684\u5229\u606f\u652f\u51fa\u7ed3\u8f6c\u5230\u4e0b\u4e00\u671f\uff1f<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">\u5426\u3002\u7b2c\u5341\u516d\u6761\u7b2c\u4e09\u6b3eb\u9879\u89c4\u5b9a\u7684\u7ed3\u8f6c\u4ec5\u9002\u7528\u4e8e\u786e\u5b9a\u53ef\u6263\u9664\u5229\u606f\u8d39\u7528\u603b\u989d\uff0c\u4e14\u4ec5\u9002\u7528\u4e8e\u5f53\u671f\u5b58\u5728\u5173\u8054\u65b9\u4ea4\u6613\u7684\u7eb3\u7a0e\u4eba\u3002\u5bf9\u4e8e\u4e0d\u5b58\u5728\u5173\u8054\u65b9\u4ea4\u6613\u7684\u7eb3\u7a0e\u4eba\uff0c\u8be5\u4f01\u4e1a\u4e0d\u5c5e\u4e8e\u9002\u7528\u8303\u56f4\uff0c\u4e0d\u80fd\u5c06\u4e0a\u671f\u672a\u7ed3\u8f6c\u4f59\u989d\u7ed3\u8f6c\u6263\u9664\u3002.\u00a0<\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>X\u1eed l\u00fd ti\u1ec1n g\u1eedi l\u00e3i vay v\u01b0\u1ee3t ng\u01b0\u1ee1ng 30% EBITDA l\u00e0 n\u1ed9i dung khi\u1ebfn nhi\u1ec1u k\u1ebf to\u00e1n tr\u01b0\u1edfng l\u00fang t\u00fang nh\u1ea5t khi Ngh\u1ecb \u0111\u1ecbnh 255\/2026\/N\u0110-CP ch\u00ednh th\u1ee9c c\u00f3 hi\u1ec7u l\u1ef1c t\u1eeb ng\u00e0y 01\/7\/2026 v\u00e0 \u00e1p d\u1ee5ng ngay t\u1eeb k\u1ef3 t\u00ednh thu\u1ebf thu nh\u1eadp doanh nghi\u1ec7p n\u0103m 2026. Ch\u1ec9 m\u1ed9t thao t\u00e1c b\u00f9 tr\u1eeb sai gi\u1eefa [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":4982,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4981","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"_links":{"self":[{"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/posts\/4981","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/comments?post=4981"}],"version-history":[{"count":4,"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/posts\/4981\/revisions"}],"predecessor-version":[{"id":5151,"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/posts\/4981\/revisions\/5151"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/media\/4982"}],"wp:attachment":[{"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/media?parent=4981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/categories?post=4981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/zh\/wp-json\/wp\/v2\/tags?post=4981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}