1. Trang chủ
  2. » Ngoại Ngữ

Accounting For Tax Consolidation: An Investigation Into The Development And Associated Reporting Requireents Under The Australian Group Taxation System

295 344 0

Đang tải... (xem toàn văn)

Tài liệu hạn chế xem trước, để xem đầy đủ mời bạn chọn Tải xuống

THÔNG TIN TÀI LIỆU

Thông tin cơ bản

Định dạng
Số trang 295
Dung lượng 1,93 MB

Các công cụ chuyển đổi và chỉnh sửa cho tài liệu này

Nội dung

This thesis must be used in accordance with the provisions of the Copyright Act 1968.Reproduction of material protected by copyright may be an infringement of copyright and copyright ow

Trang 1

This thesis must be used in accordance with the provisions of the Copyright Act 1968.

Reproduction of material protected by copyright may be an infringement of copyright and

copyright owners may be entitled to take

legal action against persons who infringe their copyright.

Section 51 (2) of the Copyright Act permits

an authorized officer of a university library or archives to provide a copy (by communication

or otherwise) of an unpublished thesis kept in the library or archives, to a person who satisfies the authorized officer that he or she requires the reproduction for the purposes of research

or study

The Copyright Act grants the creator of a work

a number of moral rights, specifically the right of attribution, the right against false attribution and the right of integrity

You may infringe the author’s moral rights if you:

- fail to acknowledge the author of this thesis if you quote sections from the work

- attribute this thesis to another author

- subject this thesis to derogatory treatment which may prejudice the author’s reputation For further information contact the University’s Director of Copyright Services

sydney.edu.au/copyright

Trang 2

) )

;,'<%0&'#7!/-!=7+,%7!

>?@A!

Trang 4

37! &(6%0<'&/0:! 50/-%&&/0! =(&4,! M%E)%007:! #$%! ;,'<%0&'#7! /-! =7+,%7! N(&',%&&! =9$//.:! -/0! 7/(0!2('+4,9%!4,+!&(66/0#F!B!4*!',+%)#%+!#/!7/(!-/0!#$%!',&'2$#!4,+!',&6'04#'/,!7/(!$4<%!60/<'+%+!4,+!E' !4.E47&!)%!204#%-(.!-/0!%<%07#$',2!7/(!$4<%!+/,%F!!

37! 60%<'/(&! &(6%0<'&/0:! 50/-%&&/0! O*%0'#(&! P/)%0#! G4.D%0:! #$%! ;,'<%0&'#7! /-! =7+,%7! N(&',%&&!

=9$//.:!-/0!7/(0!%Q6%0#'&%!4,+!2('+4,9%!+(0',2!#$%!&#40#!/-!#$'&!#$%&'&F!

80!",#/,7!C',2:!#$%!;,'<%0&'#7!/-!=7+,%7!N(&',%&&!=9$//.:!-/0!7/(0!%Q6%0#'&%!',!#$%!#4Q!9/,&/.'+4#'/,!.%2'&.4#'/,F!

50/-%&&/0! J/$,! P/)%0#&:! #$%! ;,'<%0&'#7! /-! =7+,%7! N(&',%&&! =9$//.:! -/0! 7/(0! (,E4<%0',2! &(66/0#:!

Trang 5

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

499/(,#',2!% %9#&!/-!#$%!"(&#04.'4,!#4Q!9/,&/.'+4#'/,!0%2'*%!X&%%L!T$4,2!"#!$%&:!>??\V!]4,!8%0!U44,!

Y! 8%4,:! >?@?ZF! N/#$! &#(+'%&! 40%! 9/,9%0,%+! E'#$! #$%! ',9'+%,9%! /-! #4QI9/,&/.'+4#%+! 20/(6&! E'#$',!

"=^I.'&#%+! 9/*64,'%&F! T$4,2! "#! $%&! X>??\Z! 9/,&'+%0%+! #$%! *40D%#! 6%09%6#'/,! /-! +%-%00%+! #4Q!

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

=#4,+40+&F!!

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

#0%4#*%,#! /-! ',9/*%! #4Q! E'#$',! 4! #4QI9/,&/.'+4#%+! 20/(6! (,+%0! #$%! "(&#04.'4,! &%#! "99/(,#',2!

=#4,+40+&F!C$%!&',2.%!%,#'#7!0(.%:!+%%*&!#$%!$%4+!9/*64,7!/-!#$%!#4QI9/,&/.'+4#%+!20/(6!#/!)%!#$%!

&',2.%!#4Q4).%!%,#'#7!4,+!(6/,!%.%9#'/,!#/!#4QI9/,&/.'+4#%:!&()&'+'40'%&!/-!#$%!#4QI20/(6!+'+!,/#!%Q'&#!

Trang 6

%,#'#7! +%0%9/2,'&%+! #$%! #4Q4#'/,! 4*/(,#&! /-! #$%! #4QI9/,&/.'+4#%+! 20/(6! 4,+! %49$! *%*)%0! E4&!0%1('0%+!#/!0%9/2,'&%!#$%!#4QI% %9#&!/-!'#&!/E,!#04,&49#'/,&F!

C$'&!&#(+7!E4&!(,+%0#4D%,!#$0/(2$!#$%!(&%!/-!#E/!+4#4!&%#&L!#4Q!9/,&/.'+4#'/,!+'&9./&(0%&!)7!"=^I.'&#%+! %,#'#'%&! +(0',2! >?@?:! 4,+! 4! /,2'#(+',4.! &#(+7! /-! #4Q! 9/,&/.'+4#'/,! +'&9./&(0%&! )7! #$0%%!9/06/04#%!20/(6&!/<%0!#$%!6%0'/+!>??@I>??cF!C$%!9/,&#'#(%,#&!/-!#$%!','#'4.!+4#4!&%#!E%0%!4 !%,#'#'%&!9/,#4',%+!',!#$%!"=^!/ '9'4.!.'&#!/,!d@!8%9%*)%0!>?@?F!C$%!4,,(4.!-',4,9'4.!0%6/0#&!/-!%49$!%,#'#7!E%0%!/)#4',%+!4,+!+4#4!6%0#',%,#!#/!#$%!#4Q!9/,&/.'+4#'/,!0%2'*%!E4&!$4,+!9/ %9#%+F!C$'&!+4#4!E4&!

#$%,! 9/ 4#%+! 4,+! ',! &/*%! ',&#4,9%&! #$%! +4#4! E4&! 4220%24#%+! (&',2! *40D%#! 946'#4.'&4#'/,! 4,+!',+(&#07! 9.4&&'-'94#'/,&F! C$%! &%9/,+! +4#4! &%#! 9/,#4',%+! #$%! #4QI9/,&/.'+4#'/,! +'&9./&(0%! /-! #$0%%!9/*64,'%&! -(.-' ',2! &6%9'-'9! #4QI9/,&/.'+4#'/,! 0%1('0%*%,#&! -0/*! #$%! "=^I.'&#%+! 9/*64,'%&F! C$%!

%&&%,#'4.! 90'#%0'4! 0%.4#%+! #/L! 4,! %.%9#'/,! #/! 9/,&/.'+4#%! 4#! /0! ,%40! #$%! 9/**%,9%*%,#! /-! #$%! #4Q!9/,&/.'+4#'/,!0%2'*%V!#$%!(&%!/-!#$%!60%<4'.',2!',9/*%!#4Q!499/(,#',2!&#4,+40+&V!4,+!%,#%0',2!',#/!4004,2%*%,#&!#$4#!4 /94#%+!#4Q4#'/,!)%#E%%,!*%*)%0&!/-!#$%!#4QI9/,&/.'+4#%+!20/(6F!

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e%!/0!',+(&#07:!)(#!%,9/*64&&%&!#$%!)0%4+#$!/-!#$%!"=^I.'&#%+!%,#'#'%&F!C$'&!&#(+7!

$4&!'+%,#'-'%+!4!,(*)%0!/-!40%4&!/-!',9/,&'&#%,97!)%#E%%,!#$%!499/(,#',2!&#4,+40+!0%1('0%*%,#&!-/0!

#$%!0%6/0#',2!/-!#4Q4#'/,!E'#$',!4!#4Q!9/,&/.'+4#%+!20/(6!4,+!#$%!49#(4.!+'&9./&(0%&!60/<'+%+!)7!"=^I.'&#%+!%,#'#'%&F!B,!4++'#'/,:!'#!$4&!$'2$.'2$#%+!#$%!./&&!/-!9/,&'&#%,97!)%#E%%,!#$%!0%1('0%*%,#&!/-!#$%!

#4Q! 9/,&/.'+4#'/,! %2'&.4#'/,! 4,+! #$%! 499/(,#',2! &#4,+40+&! -/ /E',2! #$%! 9/,<%02%,9%! E'#$! #$%!

Trang 7

@FA! R]OP]BOG!R`!`BM8BM[=!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!A!

@Fa! =CP;TC;PO!R`!CHO=B=!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!A!

Trang 10

<&'&'! E+#7G!0+#*!$!#$/L,*+6*%09$#"9!:7*5-!&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&!F'!AF>F>F@! T4.9(.4#'/,!/-!4 /94).%!9/&#!4*/(,#!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!id!AF>F>F@F@! T/&#!/-!*%*)%0&$'6!',#%0%&#!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!iA!AF>F>F@F>! " /94#'/,!/-!#$%!4 /94).%!9/&#!4*/(,#!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!ia!

<&'&8! 2$/!?=$70+:!4:7""3"+#6!&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&!FF!AF>FdF@! H'&#/07!/-!#4Q!&$40',2!420%%*%,#&!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!ih!AF>FdF>! J/',#!4,+!=%<%04.!U'4)'.'#7!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!i\!AF>FdFd! C4Q!=$40',2!"20%%*%,#&!',!"(&#04.'4!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!h?!AF>FdFdF@! " /94#'/,!/-!#4QI0%.4#%+!.'4)'.'#7!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!h@!AF>FdFdF>! ]4.'+'#7!/-!#4Q!&$40',2!420%%*%,#&!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!h>!

AFd! CHO!TRMMOTCBRM!NOCGOOM!CHO!C"^!"M8!"TTR;MCBM[!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!hA!

AFi! TRMTU;8BM[!PO3"Pk=!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@?A!

Trang 11

aFd! 3OCHR8RUR[j!Y!3OCHR8!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@@d!

aFA! ="35UO!=OUOTCBRM!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@@d!

aFa! 8"C"!TRUUOTCBRM!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@@a!

D&D&(! 4++5$%!R"-*7#6!&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&!((D!aFaF@F@! U/,2'#(+',4.!+4#4&%#!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@@a!

P&'&'! A$#"!*.!"%",#0*+!#*!,*+6*%09$#"!&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&!(8'!cF>F>F@! 84#%!/-!%.%9#'/,!)7!*40D%#!946'#4.'&4#'/,!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@dd!

cFd! C"^!TRM=RUB8"CBRM!8B=TUR=;PO=!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@da!

P&8&(! K+,*3"!#$/!3"$657"3"+#!$+9!$%%*,$#0*+!&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&!(8P!

P&8&'! 2$/!6=$70+:!$:7""3"+#!$+9!#$/!.5+90+:!$77$+:"3"+#!&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&!(8F!

P&8&8! R",*:+0#0*+!*.!#$/!,*+6*%09$#0*+!,*+#70I5#0*+6!IG!N*7!906#70I5#0*+6!#*O!-$7#0,0-$+#6!&&&&&!(<@!cFdFdF@! 84<'+!J/,%&!U'*'#%+!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@A@!cFdFdF@F@! """N!@?>?!4,+!")&#049#!a>!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@A>!cFdFdF@F@F@! P%&%##',2!/-!&()&'+'407!4&&%#&!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@Ad!cFdFdF@F@F>! `(#(0%!B,9/*%!C4Q!N%,%-'#!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@Ad!cFdFdF@F@Fd! 8%-%00%+!#4Q!.'4)'.'#'%&!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@Ad!

Trang 12

!!

cFdFdF@F@FA! C4Q!&$40',2!420%%*%,#!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@AA!cFdFdF@F>! """N!@@>!4,+!B,#%060%#4#'/,!@?a>!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@AA!cFdFdF@F>F@! 8%-%00%+!#4Q!)%,%-'#!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@Aa!cFdFdF@F>F>! C4Q!&$40',2!420%%*%,#!4,+!#4Q!-(,+',2!4004,2%*%,#!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@Aa!cFdFdF>! H40<%7!M/0*4,!H/.+',2&!U'*'#%+!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@Ac!cFdFdF>F@! """N!@?>?!4,+!")&#049#!a>!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@Ac!cFdFdF>F@F@! P%&%##',2!/-!&()&'+'407!4&&%#&!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@Ah!cFdFdF>F@F>! `(#(0%!B,9/*%!C4Q!N%,%-'#!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@Ah!cFdFdF>F@Fd! 8%-%00%+!#4Q!.'4)'.'#'%&!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@A\!cFdFdF>F@FA! C4Q!&$40',2!420%%*%,#!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@A\!cFdFdF>F>! """N!@@>!4,+!B,#%060%#4#'/,!@?a>!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@A\!cFdFdF>F>F@! 8%-%00%+!#4Q!)%,%-'#!Y!+%-%00%+!#4Q!.'4)'.'#'%&!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@a?!cFdFdF>F>F>! B,9/*%!#4Q!6474).%!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@a?!cFdFdF>F>Fd! C4Q!&$40',2!420%%*%,#!4,+!#4Q!-(,+',2!4004,2%*%,#!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@a?!cFdFdFd! C%.&#04!T/06/04#'/,!U'*'#%+!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@a@!cFdFdFdF@! """N!@?>?!4,+!")&#049#!a>!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@a@!cFdFdFdF@F@! P%&%##',2!/-!&()&'+'407!4&&%#&!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@a>!cFdFdFdF@F>! B,9/*%!#4Q!%Q6%,&%!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@ad!cFdFdFdF@Fd! 8%-%00%+!#4Q!.'4)'.'#'%&!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@ad!cFdFdFdF@FA! C4Q!&$40',2!420%%*%,#!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@ad!cFdFdFdF>! """N!@@>!4,+!B,#%060%#4#'/,!@?a>!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@aA!cFdFdFdF>F@! 8%-%00%+!#4Q!)%,%-'#!Y!+%-%00%+!#4Q!.'4)'.'#'%&!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@aa!cFdFdFdF>F>! C4Q!&$40',2!420%%*%,#!4,+!#4Q!-(,+',2!4004,2%*%,#!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@ac!

cFA! TRMTU;8BM[!PO3"Pk=!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@ai!

iFd! C"^!TRM=RUB8"CBRM!BM!CHO!;MBCO8!=C"CO=!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@cd!

iFA! 8O]OUR53OMC!R`![PR;5BM[!5PR]B=BRM!BM!";=CP"UB"!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@cA!

iFa! C"^!TRM=RUB8"CBRM!PO[B3O!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@cA!

iFc! BMTB8OMTO!R`!C"^!TRM=RUB8"CBRM!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@cc!

F&P&(! R"6"$7,=!H5"6#0*+!(!&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&!(PP!

F&P&'! R"6"$7,=!H5"6#0*+!'!&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&!(PF!

Trang 13

iF\! POTR33OM8"CBRM=!`RP!`;C;PO!PO=O"PTH!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@i?!

iF@?! TRMTU;8BM[!PO3"Pk=!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@i@!

Trang 14

` B[;PO! >I@L ! 5 R==BNUO!T"CO[RPB="CBRM!R`!TR33RM!C"^O= !FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@>!

` B[;PO! >I>L ! C HO! = j=CO3!R`! M "CBRM"U! " TTR;MC=!T"CO[RPB="CBRM!R`!TR33RM!C"^O= !FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@d!

` B[;PO! >IdL ! [ PR;5!C"^"CBRM!PO[B3O=!"55UBT"CBRM!R`!=BM[UO!OMCBCj!TRMTO5C !FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!>?!

` B[;PO! AI@L ! G HRUUj I RGMO8!OMCPj!POf;BPO3OMC=!BMCR!"!C"^ I TRM=RUB8"CO8![PR;5 !FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!i>!

` B[;PO! AI>L ! P Of;BPO3OMC=!`RP!5PO5"P"CBRM!R`!"M!"MM;"U!PO5RPC!;M8OP!CHO! T RP5RP"CBRM=! " TC! >?@@!FFFFFFFFFFFFFFFFFFFFFFFFFF!h\!

` B[;PO! cI@L ! 5 OPTOMC"[O!R`!C"^ I TRM=RUB8"CO8![PR;5= : !TR35"Mj!C"^!POC;PM= !FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@>a!

!

!

Trang 15

!

E'.&)#*)C,B/3.)

!

C "NUO! >I@L ! j O"P!R`!BMCPR8;TCBRM!"M8!Cj5O!R`!C"^"CBRM!RM!BMTR3O!GBCH!CHO! " ;=CP"UB"M!TRURMBO= !FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@A!

C "NUO! >I>L ! j O"P!R`!BMCPR8;TCBRM!R`!C"^![PR;5BM[ l TRM=RUB8"CBRM!5PR]B=BRM= !FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@i!

C "NUO! >IdL ! ` ;MTCBRM"U!TR35"PB=RM!R`!C"^!TRM=RUB8"CBRM!3OTH"MB=3=!BM!8B``OPOMC!J;PB=8BTCBRM= !FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@\!

C "NUO! >IAL ! j O"P!R`!BMCPR8;TCBRM!R`!`;UU!C"^!TRM=RUB8"CBRM!PO[B3O= !FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!>?!

C "NUO! >IaL ! R GMOP=HB5!CHPO=HRU8!POf;BPO3OMC=!`RP!CHO!`RP3"CBRM!R`!"!C"^ I TRM=RUB8"CO8![PR;5 !FFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!>d!

C "NUO! >IcL ! O ^COM8O8!RGMOP=HB5!CHPO=HRU8!POf;BPO3OMC=!`RP!CHO!`RP3"CBRM!R`!"!C"^ I TRM=RUB8"CO8![PR;5 !FFFFFFFFFFFFFFFF!>A!

C "NUO! >IiL ! C "^!TRM=RUB8"CBRM!O]OMC=!BM!CHO! ; MBCO8! = C"CO= !FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!d?!

C "NUO! >IhL ! P "CO!R`!C"^!UO]BO8!;M8OP!O^TO==!5PR`BC=!C"^ !FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!d>!

C "NUO! >I\L ! T "UT;U"CBRM=!R`!O^TO==!5PR`BC=!C"^ !FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!d>!

C "NUO! >I@?L ! = ;33"Pj!R`!3"BM!"CCPBN;CO=!R`!C"^!TRM=RUB8"CBRM!PO[B3O= !FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!dh!

C "NUO! dI@L ! 5 PR5R=O8!PO`RP3=!CR!CHO! " ;=CP"UB"M!C"^!=j=CO3!BM! @\\h!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!ad!

C "NUO! dI>L ! P OTR33OM8"CBRM=!`RP!N;=BMO==!C"^!PO`RP3!Nj!CHO! P O]BOG!R`! N ;=BMO==! C "^"CBRM !FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!ai!

C "NUO! dIdL ! O =CB3"CO!R`!`BM"MTB"U!B35"TC!R`!TRM=RUB8"CBRM!RM![R]OPM3OMC!PO]OM;O !FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!cd!

C "NUO! dIAL ! = ;33"Pj!R`!3"BM!"CCPBN;CO=!R`! " ;=CP"UB"M!C"^!TRM=RUB8"CBRM!PO[B3O!BM! @\hc!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!cA!

C "NUO! AI@L ! = CO5=!`RP!T"UT;U"CBRM!R`!"UURT"NUO!TR=C!"3R;MC!R`!"!JRBMBM[!OMCBCj !FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!id!

C "NUO! AI>L ! 5 PRTO==!R`!"UURT"CBM[!CHO!"UURT"NUO!TR=C!"3R;MC !FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!ic!

C "NUO! AIdL ! " ;=CP"UB"M!"TTR;MCBM[!=C"M8"P8=!POU"CBM[!CR!CHO!C"^!TRM=RUB8"CBRM!PO[B3O !FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!\@!

C "NUO! AIAL ! ;B[ !"N=CP"TC= l BMCOP5POC"CBRM!POUO]"MC!CR!CHO!C"^!TRM=RUB8"CBRM!PO[B3O !FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!\d!

C "NUO! AIaL ! ;B[ ! " N=CP"TC!CR!"55Uj!CR!C"^!TRM=RUB8"C"NUO![PR;5= !FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!\A!

C "NUO! AIcL ! P OTR[MB=BM[!C"^!UB"NBUBCBO=!;M8OP! " N=CP"TC! a> !`RP!O"TH!OMCBCj!GBCHBM!"!C"^ I TRM=RUB8"CO8![PR;5 !FFFFFFFFFFFFFFF!\i!

C "NUO! AIiL ! P OTR[MB=BM[!C"^!UB"NBUBCBO=!;M8OP! B MCOP5POC"CBRM! @?a> !`RP!O"TH!OMCBCj!GBCHBM!"!C"^ I TRM=RUB8"CO8![PR;5 !@?@!

C "NUO! AIhL ! 8 B``OPOMTO=!NOCGOOM! B MCOP5POC"CBRM! @?a> !"M8! " N=CP"TC! a>!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@?c!

C "NUO! aI@L ! = "35UO! "=^I UB=CO8!TR35"MBO=!OUOTCBM[!CR!C"^!TRM=RUB8"CO!"=!"C! J ;MO! >??i !Nj!3"PkOC!T"5BC"UB="CBRM !FFFFFFF!@?\!

C "NUO! aI>L ! U O[B=U"CB]O!BM=CP;3OMC=!O^"3BMO8!`RP!CHB=!=C;8j !FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@@i!

C "NUO! cI@L ! T R35"MBO=!BMTRP5RP"CO8!BM! " ;=CP"UB" !FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@>@!

C "NUO! cI>L ! C "^5"jOP=!Nj!OMCBCj!Cj5O!`RP!CHO! >??\I@? !BMTR3O!jO"P= !FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@>>!

C "NUO! cIdL ! T R35"MBO=!Nj!C"^"NUO!=C"C;=!`RP! >??\I@? !BMTR3O!jO"P= !FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@>>!

C "NUO! cIAL ! T R35"MBO=!Nj!CRC"U!C"^"NUO!BMTR3O!`RP! >??\I@? !BMTR3O!jO"P= !FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@>d!

C "NUO! cIaL ! M ;3NOP!R`!"TCB]O!C"^ I TRM=RUB8"CO8![PR;5=!BM! " ;=CP"UB"!NO`RPO! d? ! J ;MO! >?@?!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@>A!

C "NUO! cIcL ! T R35"MBO=! U B=CO8!RM! "=^ !"=!"C! d@ ! 8 OTO3NOP! >?@?!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@>c!

C "NUO! cIiL ! "=^ !UB=CO8!TR35"MBO=!OUOTCBM[!CR!C"^ I TRM=RUB8"CO!BM! >?@?!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@>i!

C "NUO! cIhL ! "=^ !UB=CO8!TR35"MBO=!OUOTCBM[!CR!C"^ I TRM=RUB8"CO!BM! >?@? !Nj!CRC"U!3"PkOC!T"5BC"UB="CBRM !FFFFFFFFFFFFFFFFFFFFFF!@>h!

C "NUO! cI\L ! "=^ !UB=CO8!TR35"MBO=!OUOTCBM[!CR!TRM=RUB8"CO!BM! >?@? !Nj!3"PkOC!T"5BC"UB="CBRM !FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@>\!

C "NUO! cI@?L ! "=^ !UB=CO8!TR35"MBO=!OUOTCBM[!CR!C"^ I TRM=RUB8"CO!BM! >?@? !Nj! [BT= !=OTCRP!TR8O !FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@>\!

C "NUO! cI@@L ! 3 "PkOC!T"5BC"UB="CBRM!R`! "=^ !UB=CO8!TR35"MBO=!Nj! [BT= !=OTCRP!TR8O !FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@d?!

Trang 16

!

C "NUO! cI@>L ! "=^ !UB=CO8!TR35"MBO=!OUOTCBM[!CR!C"^ I TRM=RUB8"CO!BM! >?@? !Nj! [BT= !BM8;=CPj![PR;5= !FFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@d@!

C "NUO! cI@dL ! "=^ !UB=CO8!TR35"Mj!8B=TUR=;PO!R`!8"CO!OUOTCBM[!CR!`RP3!"!C"^ I TRM=RUB8"CO8![PR;5 !FFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@d>!

C "NUO! cI@AL ! 8 "CO!OUOTCBM[!CR!`RP3!"!C"^ I TRM=RUB8"CO8![PR;5!Nj!3"PkOC!T"5BC"UB="CBRM!"M8!T"UOM8"P!jO"P !FFFFFFFFFFFFFF!@dd!

C "NUO! cI@aL ! 8 "CO!R`!OUOTCBRM!CR!`RP3!"!C"^ I TRM=RUB8"CO8![PR;5!Nj!3"PkOC!T"5BC"UB="CBRM!"M8!`BM"MTB"U!jO"P !FFFFFFFFFF!@dA!

C "NUO! cI@cL ! C "^ I TRM=RUB8"CO8![PR;5=!3O"=;PO3OMC l "UURT"CBRM!3OCHR8!8B=TUR=;PO=!BM! >?@?!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@dc!

C "NUO! cI@iL ! C "^ I TRM=RUB8"CO8![PR;5=!3O"=;PO3OMC!"UURT"CBRM!3OCHR8!8B=TUR=;PO=!BM! >?@? !Nj!3"PkOC!T"5BC"UB="CBRM

!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@di!

C "NUO! cI@hL ! C "^ I TRM=RUB8"CO8![PR;5=!;="[O!R`!C"^!`;M8BM[!"M8!C"^!=H"PBM[!"[POO3OMC=!8B=TUR=;PO=!BM! >?@?!FFFFFFFFF!@dh!

C "NUO! cI@\L ! "=^ !UB=CO8!TR35"Mj!8B=TUR=;PO!R`!C"^!=H"PBM[!"[POO3OMC=! Y !C"^!`;M8BM[!"PP"M[O3OMC=!BM! >?@? !Nj!

3 "PkOC! T "5BC"UB="CBRM !FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@dh!

C "NUO! cI>?L ! "=^ !UB=CO8!TR35"Mj!8B=TUR=;PO!R`!C"^!=H"PBM[!"[POO3OMC=! Y !C"^!`;M8BM[!"PP"M[O3OMC=!BM! >?@? !Nj! [BT= !

=OTCRP!TR8O !FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@d\!

C "NUO! cI>@L ! B PPO[;U"PBCBO=!BM!8B=TUR=;PO=!R`!C"^!=H"PBM[!"[POO3OMC=!"M8!C"^!`;M8!"PP"M[O3OMC= !FFFFFFFFFFFFFFFFFFFFFFFFFFF!@A?!

C "NUO! cI>>L ! k Oj!8OC"BU=!R`!TR35"MBO=!;M8OP!"M"Uj=B= !FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@A@!

C "NUO! cI>dL ! 8 "]B8! J RMO=!BMTR3O!C"^!8B=TUR=;PO=!POUO]"MC!CR!CHO! C "^! T RM=RUB8"CBRM! P O[B3O!;M8OP! @\h\ ! ""=N ! @?>?

!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@A>!

C "NUO! cI>AL ! 8 "]B8! J RMO=!BMTR3O!C"^!8B=TUR=;PO=!POUO]"MC!CR!CHO! C "^! T RM=RUB8"CBRM! P O[B3O!;M8OP!"8R5CBRM!R`! ""=@@>

!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@Aa!

C "NUO! cI>aL ! H "P]Oj! M RP3"M!BMTR3O!C"^!8B=TUR=;PO!GBCHBM! = C"CO3OMC!R`! ` BM"MTB"U! 5 R=BCBRM!"C! d? ! J ;MO! >??d!FFFFFFFFFF!@Ai!

C "NUO! cI>cL ! H "P]Oj! M RP3"M!BMTR3O!C"^!8B=TUR=;PO=!GBCHBM!CHO! = C"CO3OMC!R`! ` BM"MTB"U! 5 R=BCBRM!"C! d? ! J ;MO! >??A!FF!@Ai!

C "NUO! cI>iL ! H "P]Oj! M RP3"M!BMTR3O!C"^!8B=TUR=;PO=!POUO]"MC!CR!CHO! C "^! T RM=RUB8"CBRM! P O[B3O!;M8OP! ""=N@?>?!FF!@Ah!

C "NUO! cI>hL ! H "P]Oj! M RP3"M! H RU8BM[! U B3BCO8 S =!`P"MkBM[!TPO8BC!N"U"MTO !FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@Ah!

C "NUO! cI>\L ! H "P]Oj! M RP3"M!BMTR3O!C"^!8B=TUR=;PO=!POUO]"MC!CR!CHO! C "^! T RM=RUB8"CBRM! P O[B3O!;M8OP!"8R5CBRM!R`!

""=N@@>!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@a?!

C "NUO! cId?L ! C OU=CP"!BMTR3O!C"^!8B=TUR=;PO=!POUO]"MC!CR!CHO! C "^! T RM=RUB8"CBRM! P O[B3O!;M8OP! ""=N@?>?!FFFFFFFFFFFFFFF!@a>!

C "NUO! cId@L ! C OU=CP"!BMTR3O!C"^!8B=TUR=;PO=!POUO]"MC!CR!CHO! C "^! T RM=RUB8"CBRM! P O[B3O!;M8OP!"8R5CBRM!R`! ""=N ! @@>

!FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@aa!

C "NUO! cId>L ! C OU=CP"! T RP5RP"CBRM!8O`OPPO8!C"^!"8J;=C3OMC!;M8OP!"8R5CBRM!R`! ""=N ! @@> !"M8! B MCOP5POC"CBRM! @?a>!@ac!

C "NUO! hI@L ! "=^I UB=CO8!OMCBCBO=! I !C"^!TRM=RUB8"CBRM!8B=TUR=;PO= !FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!@\a!

C "NUO! hI>L ! "=^I UB=CO8!OMCBCBO=! I !3"PkOC!T"5BC"UB="CBRM!"M8!BM8;=CPj!8"C" !FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!>>A!

C "NUO! hIdL ! U O[B=U"CBRM!OM"TCO8!BM!CHO! ; MBCO8! = C"CO=!POUO]"MC!CR!CHO!C"^!TRM=RUB8"CBRM !FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!>a@!

!

Trang 18

#$%!"(&#04.'4,![/<%0,*%,#!',#0/+(9%+!.%2'&.4#'/,!#/!4 /E!9/06/04#%!20/(6&!#/!-/0*!4!&',2.%!%,#'#7!-/0! #4Q4#'/,! 6(06/&%&F! C$%! 9/**%,9%*%,#! /-! #4Q! 9/,&/.'+4#'/,! &4E! #$%! &()&%1(%,#! 0%6%4.! /-!

%Q'&#',2! 20/(6',2! 9/,9%&&'/,&F! ;,+%0! #$%! /6#'/,4.! )(#! '00%</94).%! 9/,&/.'+4#'/,! 0%2'*%:! 4!9/,&/.'+4#%+!20/(6!9/,&'&#&!/-!#$%!$%4+!9/*64,7!4,+!4 !&()&'+'407!*%*)%0&!X)%',2!@??_!/E,%+!4,+! "(&#04.'4,! 0%&'+%,#&! -/0! #4Q4#'/,! 6(06/&%&Z! /-! #$%! 20/(6F! ;,+%0! #$%! &',2.%! %,#'#7! 0(.%:! 4!

C$'&!9$46#%0!60%&%,#&!#$%!/)K%9#'<%&!/-!#$%!#$%&'&:!/(#.',%&!#$%!0%&%409$!1(%&#'/,&!4,+!*%#$/+/./27:!60/<'+%&!4,!/<%0<'%E!/-!#$%!-',+',2&!4,+!60%&%,#&!#$%!&#0(9#(0%!/-!#$%!#$%&'&F!

GIL C43.'.)#BM3"&'23.)

C4Q4#'/,! 0%&%409$! $4&! 4! /,2! $'&#/07! ',! %9/,/*'9&! 4,+! -',4,9%! 0%&%409$V! $/E%<%0! 499/(,#',2!494+%*%! $4&! )%%,! &./E! 4+/6#',2! #4Q4#'/,! 4&! 4,! 40%4! /-! 0%&%409$F!=$49D%.-/0+! 4,+! =$%<.',! X>??@Z!60/<'+%+!4!0%<'%E!/-!#$%!+%<%./6*%,#!/-!#4Q!0%&%409$!)7!499/(,#4,#&:!9/,9.(+%+!#$4#!499/(,#',2!0%&%409$!',#/!#4Q4#'/,!9/(.+!)%!9.4&&'-'%+!4&L!

Trang 19

!

X4Z!.%24.!0%&%409$:!%<4.(4#',2!#$%!% %9#&!/-!#4Q%&!/,!%Q/2%,/(&!#04,&49#'/,&:!(&(4 7!6().'&$%+!',!.4E! K/(0,4.&:! 4,+! X)Z! 6/.'97! &#(+'%&:! %<4.(4#',2! #$%! +'&#0')(#'/,4.! /0! % '9'%,97! % %9#&! /-! #4Q%&:! (&(4 7! 6().'&$%+!',!6().'9!%9/,/*'9&!K/(0,4.&!X=$49D%.-/0+!Y!=$%<.',:!>??@L!d>>ZF!

347+%E! X>??@Z! %*6$4&'&%+! #$%! ,%%+! #/! E'+%,! #$%! &9/6%! /-! #4Q! 0%&%409$! )7! 499/(,#4,#&! #/!49D,/E.%+2%! #$%! ',#%0+'&9'6.',407! ,4#(0%! /-! #4Q! 0%&%409$! 4,+! ',9.(+%! %<'+%,9%! 4,+! #$%/07! -0/*!

%9/,/*'9&!4,+!-',4,9%F!H4,./,!4,+!H%'#e*4,!X>?@?Z!60/6/&%+!#$4#!#4Q!0%&%409$!E'#$',!499/(,#',2!2%,%04 7!-4 &!',#/!-/(0!$%4+',2&L!

>??aV! J/2404K4,:! >??iV! ]%Q.%0! Y! =#())',&:! >??\ZF! H/E%<%0:! #$%! 0%&%409$! ',! #4Q! 499/(,#',2! )7!

494+%*'4!$4&!)%%,!<%07!.'*'#%+!XT$4,2!"#!$%&:!>??\ZF!!C$'&!&#(+7!-/9(&%&!/,!#$%!499/(,#',2!#0%4#*%,#!

W!0%9/2,'#'/,!4,+!0%6/0#',2!W!/-!#$%!% %9#&!/-!#4Q4#'/,!(,+%0!#$%!"(&#04.'4,!499/(,#',2!&#4,+40+&F!C$%!+%<%./6*%,#!/-!#$%!#4Q!9/,&/.'+4#'/,!0%2'*%!',!@\\hI\\!0%.'%+!(6/,!#$%!60%<4'.',2!499/(,#',2!

&#4,+40+! /,! #4Q4#'/,:! ""=N! @?>?L! "99/(,#',2! -/0! B,9/*%! C4Q! XC4QIO %9#! "99/(,#',2Z! Xb@\h\! ""=N!

@?>?SZF! ;6/,! #$%! ',#0/+(9#'/,! /-! #$%! #4Q! 9/,&/.'+4#'/,! 0%2'*%! ',! >??>:! #$%! ;02%,#! B&&(%&! [0/(6!Xb;B[SZ!0%.%4&%+!")&#049#!a>L!B,9/*%!C4Q!"99/(,#',2!(,+%0!#$%!T/,&/.'+4#'/,!=7&#%*!Xb")&#049#!a>SZF!

")&#049#!a>!60/<'+%+!2('+4,9%!/,!#$%!0%9/2,'#'/,!/-!',9/*%!#4Q!4*/(,#&!4,+!#$%!0%.4#%+!+'&9./&(0%!0%1('0%*%,#&!-/0!9/06/04#%!20/(6&!%.%9#',2!#/!9/,&/.'+4#%!-/0!#4Q4#'/,!6(06/&%&F!!

`/ /E',2! #$%! 9/,<%02%,9%! E'#$! #$%! B,#%0,4#'/,4.! "99/(,#',2! =#4,+40+&! XbB"=SZ! ',! >??a:! #$%!499/(,#',2!&#4,+40+!0%.%<4,#!#/!',9/*%!#4Q%&!)%94*%!""=N!@@>L!B,9/*%!C4Q%&!Xb""=N!@@>SZF!G'#$!

#$%! 9/**%,9%*%,#! /-! "(&#04.'4,! %1('<4.%,#! /-! B,#%0,4#'/,4.! `',4,9'4.! P%6/0#',2! =#4,+40+&! Xb"IB`P=SZ:! ")&#049#! a>! E4&! &(6%0&%+%+! )7! B,#%060%#4#'/,! @?a>L! C4Q! T/,&/.'+4#'/,! "99/(,#',2!XbB,#%060%#4#'/,!@?a>SZF!!

Trang 20

#$%! ',9'+%,9%! /-! #4QI9/,&/.'+4#%+! 20/(6&! -/0! 4 ! "=^I.'&#%+! %,#'#'%&F! G$'.%! #$'&! +/%&! ,/#! +'0%9#.7!4,&E%0! #$%! 0%&%409$! 1(%&#'/,&:! '#! E' ! -04*%! #$%! /99(00%,9%!E'#$',! #$%! "=^! 4,+! 9/,&%1(%,#.7! #$%!6/&&').%! 4##049#'<%,%&&! /-! #$%! #4Q! 9/,&/.'+4#'/,! 0%2'*%! #/! '&#%+! 9/06/04#%! 20/(6&F! C$%! 0%&%409$!1(%&#'/,&! 40%! +'0%9#.7! 4,&E%0%+! ',! T$46#%0! c:! $/E%<%0! #/! -04*%! #$%! 6(06/&%! 4,+! 0%1('0%*%,#&!(,+%0!4!#4Q!9/,&/.'+4#'/,!0%2'*%:!#$%!',#%0<%,',2!9$46#%0&!60/<'+%!4,!%Q4*',4#'/,!/-!#$%!<40'/(&!

#4QI20/(6',2!*/+%.&:!#$%!+%<%./6*%,#!/-!#4Q!9/,&/.'+4#'/,!',!"(&#04.'4:!#$%!0%1('0%*%,#&!(,+%0!#$%!

#4Q!9/,&/.'+4#'/,!.%2'&.4#'/,:!4,+!0%.%<4,#!',9/*%!#4Q!499/(,#',2!&#4,+40+&F!C$%!9/0%!+4#4!-/0!Pf@!4,+! Pf>! '&! $4,+I9/ %9#%+! ',-/0*4#'/,! 6%0#',%,#! #/! #$%! #4Q! 9/,&/.'+4#'/,! 0%2'*%! +'&9./&%+! ',! #$%!4,,(4.!-',4,9'4.!0%6/0#&!/-!4 !"=^I.'&#%+!%,#'#'%&!4#!d@!8%9%*)%0!>?@?F!C/2%#$%0!E'#$!4++'#'/,4.!+4#4!

#$4#!E4&!9/ %9#%+!/,!#$%!*40D%#!946'#4.'&4#'/,!X4&!4,!4660/Q'*4#'/,!/-!&'e%Z:!4,+!',+(&#07!/-!%49$!

%,#'#7:! '#! '&! 4,#'9'64#%+! #$'&! E' ! 60/<'+%! 4660/60'4#%! %<'+%,9%! #/! 4,&E%0! #$%! -'0&#! #E/! 0%&%409$!1(%&#'/,&F!C$0%%!9/*64,'%&!E%0%!9$/&%,!#/!60/<'+%!#$%!+4#4!-/0!PfdF!C$'&!+4#4!E4&!+04E,!-0/*!#$%!4,,(4.! -',4,9'4.! 0%6/0#&! /<%0! 4! 6%0'/+! /-! >??@I>??cF! C$'&! 6%0'/+! 9/<%0&! #$%! 7%40! 60'/0! #/! #$%!',#0/+(9#'/,!/-!#$%!#4Q!9/,&/.'+4#'/,!0%2'*%:!#$%!',#0/+(9#'/,!/-!#$%!#4Q!9/,&/.'+4#'/,!0%2'*%!4,+!

#$%! 9/,<%02%,9%! E'#$! B"=! ',! >??aF! B#! '&! %Q6%9#%+! #$%! +4#4! +04E,! -0/*! #$%&%! -',4,9'4.! 0%6/0#&! E' !60/<'+%!&( '9'%,#!%<'+%,9%!#/!4,&E%0!PfdF!

Trang 21

!

GIP ?23+2'3A)#*)*'%0'%(.)

C$%!0%&%409$!1(%&#'/,&!40%!4++0%&&%+!',!T$46#%0!cF!G$4#!)%94*%!%<'+%,#!#$0/(2$!#$%!(,+%0#4D',2!/-! #$'&! #$%&'&! E4&! #$%! 9/*6.%Q'#7! /-! #$%! #4Q! 9/,&/.'+4#'/,! 0%2'*%F! C$%! ',#0/+(9#'/,! /-! #$%! 0%2'*%!4 /E%+! -/0! 4! #04,&'#'/,4.! 6%0'/+! )%#E%%,! @! J(.7! >??>! 4,+! d?! J(,%! >??dF! 8(0',2! #$'&! 6%0'/+! #$%!

%Q'&#',2!#4QI20/(6',2!60/<'&'/,&!E%0%!*4',#4',%+F!H/E%<%0!+(0',2!#$'&!6%0'/+:!/,.7!4!&*4 !,(*)%0!/-!9/06/04#%!20/(6&!%.%9#%+!#/!-/0*!4!#4QI9/,&/.'+4#%+!20/(6V!*/&#!9/06/04#%!20/(6&!E4'#%+!(,#'.!

#$%!%,+!/-!#$%!#04,&'#'/,4.!6%0'/+!)%-/0%!*4D',2!4,!%.%9#'/,F!!

G$'.%! ,/! 499/(,#',2! &#4,+40+! E4&! '&&(%+! &6%9'-'94 7! +%4.',2! E'#$! #$%! 499/(,#',2! 0%1('0%*%,#&!(,+%0!#$%!#4Q!9/,&/.'+4#'/,!0%2'*%:!2('+4,9%!E4&!60/<'+%+!<'4!")&#049#!a>!4,+!B,#%060%#4#'/,!@?a>F!C$%!-',4,9'4.!0%6/0#&!9/ %9#%+!-/0!4 !"=^I.'&#%+!%,#'#'%&!E%0%!#$/&%!'&&(%+!',!#$%!>?@?!94.%,+40!7%40:!E$%0%!B,#%060%#4#'/,!@?a>!E4&!% %9#'<%F!B,#%060%#4#'/,!@?a>:!0%1('0%&!9/06/04#'/,!20/(6&!%.%9#',2!

#/! 9/,&/.'+4#%! -/0! #4Q! 6(06/&%&! #/! 0%9/2,'&%! 4,+! +'&9./&%! &6%9'-'9! #4QI0%.4#%+! ',-/0*4#'/,F! B#! E4&!'+%,#'-'%+! #$4#! #$%! *4K/0'#7! /-! "=^I.'&#%+! %,#'#'%&! *4D',2! 4,! %.%9#'/,! #/! #4QI9/,&/.'+4#%! 60/<'+%+!

&/*%!+'&9./&(0%&!/,!#$%!% %9#&!/-!#$%!#4Q!9/,&/.'+4#'/,!0%2'*%F!G$4#!E4&!%<'+%,#!#$/(2$:!E4&!#$%!

&'2,'-'94,#!,(*)%0!#$4#!-4'.%+!#/!60/<'+%!#$%!+'&9./&(0%&!0%1('0%+!(,+%0!B,#%060%#4#'/,!@?a>F!

C$%!&',2.%!%,#'#7!9/,9%6#!/-!#$%!#4Q!9/,&/.'+4#'/,!0%2'*%!9./&%.7!-/ /E%+!#$%!0%9/2,'#'/,!/-!',9/*%!

#4Q%&!(,+%0!@\h\!""=N!@?>?F!C$%!#$0%%!9/*64,'%&!(,+%0!',<%&#'24#'/,!9.%40.7!$'2$.'2$#%+!#$%!.',D!)%#E%%,!#$%!.%2'&.4#'/,!4,+!499/(,#',2!&#4,+40+&!+(0',2!#$%!6%0'/+!60'/0!#/!#$%!9/**%,9%*%,#!/-!

""=N! @@>! E$%0%! #$%! $%4+! %,#'#7! 0%9/2,'&%+! ',9/*%! #4Q! % %9#&! /-! 4 ! #04,&49#'/,&! E'#$! #$%! #4QI9/,&/.'+4#%+! 20/(6F! G$4#! E4&! %<'+%,#! 4-#%0! #$%! ',#0/+(9#'/,! /-! "IB`P=! E4&! #$%! )%,%-'#&! /-! #$'&!4.'2,*%,#!E%0%!./&#!4,+!%49$!%,#'#7!E'#$',!#$%!#4QI9/,&/.'+4#%+!20/(6!E4&!0%1('0%+!#/!0%9/2,'&%!#$%!',9/*%!#4Q!% %9#!/-!#$%'0!/E,!#04,&49#'/,&F!

T$46#%0! >! 9/**%,9%&! E'#$! 4,! ',#0/+(9#'/,! /-! #4Q4#'/,! 4,+! 9$4049#%0'&#'9&! /-! 4,! ',9/*%! #4QF! C$%!

%</.(#'/,! /-! ',#%0,4#'/,4.! 20/(6I#4Q4#'/,! 0%2'*%&! '&! 60%&%,#%+! #/2%#$%0! E'#$! 4! 9/*640'&/,! /-! #$%!

*%9$4,'&*&! 4+/6#%+! )7! 9/(,#0'%&! 4 /E',2! -( ! 9/,&/.'+4#'/,! -/0! #4Q4#'/,! 6(06/&%&! /-! 9/06/04#%!

Trang 22

!

20/(6&F!C$'&!9$46#%0!$'2$.'2$#%+!#$%!(,'1(%,%&&!/-!#$%!"(&#04.'4,!#4Q!9/,&/.'+4#'/,!0%2'*%:!E$'9$!',9.(+%&!4!&#0/,2!&',2.%!%,#'#7!9/,9%6#:!4,+!#$%!4+/6#'/,!/-!4,!4&&%#I)4&%+!*/+%.F!C$%!$'&#/07!/-!#4Q!9/,&/.'+4#'/,!',!#$%!;,'#%+!=#4#%&!'&!#049%+!-/0!#E/!0%4&/,&L!@Z!#$'&!E4&!#$%!-'0&#!9/(,#07!#/!0%1('0%!

#4Q! 9/,&/.'+4#'/,! /-! 9/06/04#%! 20/(6&V! >Z! +(0',2! #$%! +%&'2,! /-! #$%! "(&#04.'4,! #4Q! 9/,&/.'+4#'/,!0%2'*%! 9/,&'+%04).%! 4##%,#'/,! E4&! 2'<%,! #/! #$%! 4+<4,#42%&! 4,+! +'&4+<4,#42%&! (,+%0! #$%! ;,'#%+!

=#4#%&!#4QI20/(6',2!60/<'&'/,&F!

T$46#%0! d! #049%&! #$%! +%<%./6*%,#! /-! 20/(6',2! *%9$4,'&*! -/0! "(&#04.'4,! #4Q4#'/,! 6(06/&%&F! C$'&!-/ /E&! #$%! <40'/(&! `%+%04.! 2/<%0,*%,#! 466/',#%+! 0%<'%E&! 4,+! 94 &! -0/*! #$%! #4Q! 60/-%&&'/,! #$4#!9(.*',4#%+! ',! #$%! ',#0/+(9#'/,! /-! #4QI20/(6',2! 60/<'&'/,&! ',! @\ha! 4,+! @\hcF! C$%! 9$46#%0! #$%,!+'&9(&&%&! #$%! -%+%04.! 2/<%0,*%,#&! 4,,/(,9%*%,#! /-! 4! )0/4+I&E%%6',2! 0%<'%E! /-! #$%! "(&#04.'4,!

#4Q4#'/,! &7&#%*:! #$%! 466/',#*%,#! /-! 4! 9/**'##%%! #/! &6%9'-'94 7! ',<%&#'24#%! 4,+! *4D%!0%9/**%,+4#'/,&!/,!#$%!#4Q4#'/,!/-!"(&#04.'4,!)(&',%&&%&F!R,%!/(#9/*%!/-!#$'&!9/**'##%%!E4&!#$%!0%9/**%,+4#'/,!#/!9/**%,9%!#$%!"(&#04.'4,!#4Q!9/,&/.'+4#'/,!0%2'*%F!

T$46#%0!A!&#40#&!E'#$!#$%!60/<'&'/,!/-!#$%!#%9$,'94.!0%1('0%*%,#&!-/0!9/06/04#%!20/(6&!%.%9#',2!#/!9/,&/.'+4#%!-/0!#4Q4#'/,!6(06/&%&!(,+%0!#$%!"(&#04.'4,!#4Q!9/,&/.'+4#'/,!0%2'*%F!C$%!',#%0&%9#'/,!/-!

T$46#%0! c! 4,4.7&%&! 4,+! 60%&%,#&! #$%! +4#4! 9/ %9#%+! /,! #$%! "=^I.'&#%+! %,#'#'%&F! C$%! 9$46#%0!9/**%,9%&! E'#$! )49D20/(,+! &#4#'&#'9&! /,! 9/*64,'%&! 4,+! #4Q! 0%#(0,&F! C$%! +4#4! 9/ %9#%+! -0/*!9/*64,7!4,,(4.!-',4,9'4.!0%6/0#&!X4,+!4,9' 407!&/(09%&Z!'&!#$%,!60%&%,#%+!4,+!+'&9(&&%+:!-'0&#.7!#/!/(#.',%!#$%!',9'+%,9%!/-!#4QI9/,&/.'+4#%+!20/(6&!E'#$',!"=^I.'&#%+!%,#'#'%&!4,+!#$%,!4&!%<'+%,9%!#/!4,&E%0!#$%!0%&%409$!1(%&#'/,&F!

`',4 7:!#$%!9/,9.(&'/,&!/-!#$'&!#$%&'&!40%!+04E,!',!T$46#%0!iF!

Trang 23

LIG ?23+2'3A)

C$%! ',#0/+(9#'/,! /-! #4Q4#'/,! *%4&(0%&! '&! /,%! )/0,%! /(#! /-! ,%9%&&'#7V! +(0',2! #'*%&! /-! E40!2/<%0,*%,#! %Q6%,+'#(0%! /(#IE%'2$&! 0%<%,(%! 4,+! #4Q4#'/,:! #$%0%-/0%! 2/<%0,*%,#&! 40%! 9/,-0/,#!E'#$! #$%! 9$/'9%! )%#E%%,! #4Q%&! 4,+! /4,&F! H'&#/0'94 7:! 2/<%0,*%,#&! -',4,9%+! *'.'#407! %Q6%,+'#(0%!

#$0/(2$!)/00/E',2&:!)(#!(.#'*4#%.7!9/&#!/-!',90%4&%+!+%)#!4,+!499%.%04#',2!%Q6%,+'#(0%:!0%1('0%&!#$%!',#0/+(9#'/,!/-!#4Q4#'/,!*%4&(0%&!#/!0%*%+7!#$%!&$/0#-4 !XRrN0'%,:!@\hhZF!C$%!&7&#%*!/-!4!#4Q!/,!',9/*%!E4&!',#0/+(9%+!)7!#$%!N0'#'&$!640.'4*%,#!',!@i\\!#/!4)4#%!#$%!,4#'/,4.!+%)#!4&&/9'4#%+!E'#$!

#$%! E40! E'#$! `04,9%@!X=%.'2*4,:! @\@@ZF! C$%! #4Q! /,! ',9/*%! E4&! ',&#'24#%+! 4-#%0! ,(*%0/(&! -4'.%+!4##%*6#&! #/! &'2,'-'94,#.7! 04'&%! 0%<%,(%! ',! #$%! 60%9%+',2! 7%40&! E$%0%:! #4Q%&! E%0%! ',#0/+(9%+! /0!

%Q'&#',2! #4Q%&! ',90%4&%+! /,! 4.*/&#! 4 ! 40%4&! /-! /E,%0&$'6:! 2//+&! 4,+! &%0<'9%&>!X8/E% :! @hhh4ZF! B,!',#0/+(9',2!#$%!)' !#/!540.'4*%,#!-/0!4!+'0%9#!#4Q!(6/,!',9/*%d:!#$%!#$%,!50'*%!3',&#%0:!30!G' '4*!5'##!4++0%&&',2!#$%!9/**'##%%!/-!G47&!4,+!3%4,&!/,!h!8%9%*)%0!@i\h:!+%9.40%+L!

s! #/! 60%<%,#! 4 ! %<4&'/,! 4,+! -04(+:! '#! 0%*4',&! -/0! (&! #/! 9/,&'+%0:! )7! E$4#! *%4,&! #$%&%!

+%-%9#&! *47! )%! 0%+0%&&%+:! )7! E$4#! *%4,&! 4! */0%! %1(4.! &94.%! /-! 9/,#0')(#'/,! 94,! )%!

466.'%+:! 4,+! 4! */0%! %Q#%,&'<%! % %9#! /)#4',%+F! `/0! #$'&! 6(06/&%! '#! '&! *7! ',#%,#'/,! #/!

60/6/&%:!#$4#!#$%!60%&(*6#'/,!-/(,+%+!(6/,!#$%!4&&%&&%+!#4Q%&!&$4 !)%!.4'+!4&'+%:!4,+!

#$4#! 4! 2%,%04.! #4Q! &$4 ! )%! '*6/&%+! (6/,! 4 ! #$%! %4+',2! )04,9$%&! /-! ',9/*%! XT/))%##:!

@h@\L!a!]/.!^^^B]ZF!

C$%! )' :! E'#$! #$%! ',#%,#'/,! #/! 499(04#%.7! m60%<%,#! ',%1(4.'#7:! -04(+:! %*)4004&&*%,#:! 4,+! ',K(07n!X"(9D.4,+:!@i\\L!iiZ:!E4&!%,49#%+!/,!\!J4,(407!@i\\F!"-#%0!#$%!.%2'&.4#'/,!94*%!',#/!/6%04#'/,!/,!a!

d !C'#.%+!bC4Q!/,!50/6%0#7!4,+!O*6./7*%,#&S!X8/E% :!@hhh4ZF!

Trang 24

!

"60'.! @i\\:! #4Q4#'/,! E4&! 6474).%! /,! ',9/*%! )7! 4 ! N0'#'&$! &()K%9#&AF! "-#%0! #$%! %,+',2! /-! $/&#'.'#'%&!E'#$! `04,9%! ',! @h?>:! #$%! %2'&.4#'/,! E4&! 0%6%4.%+! )(#! E4&! 0%',#0/+(9%+! ',! @h?d:! -/ /E',2! #$%!0%9/**%,9%*%,#! /-! E40F! C$%! %2'&.4#'/,! E4&! (.#'*4#%.7! 4)/.'&$%+! ',! @h@c! -/ /E',2! `04,9%S&!

&(00%,+%0!#/![0%4#!N0'#4',!4-#%0!#$%!N4##.%!/-!G4#%0.//!X8/E% :!@hhh)ZF!!

C$%!',#0/+(9#'/,!/-!4!#4Q!/,!',9/*%!4,+!#$%!%&#4).'&$*%,#!/-!4!*%9$4,'&*!#$4#!4 /E&!9/06/04#%!20/(6&!#/!9/,&/.'+4#%!-/0!#4Q4#'/,!6(06/&%&!E%0%!)/#$!+%<%./6%+!4&!*%4,&!/-!/<%09/*',2!#$%!'&&(%!/-!#4Q!%<4&'/,!XT40,%2'%!=#%%.%:!@\@\V!T/))%##:!@h@\ZF!!

C$%!+%&'2,',2!/-!#4Q4#'/,!6/.'97!4,+!#$%!'*6.%*%,#4#'/,!/-!&7&#%*!#$4#!%,4).%&!4,!% '9'%,#!&7&#%*!

E%0%! /(#.',%+! )7! X=*'#$:! @h>iZ! ',! 2="! \"$%#=! *.! T$#0*+6F! C$%&%! 60',9'6.%&! 40%! %1('#7:! 9%0#4',#7:!

9/,<%,'%,9%!4,+!%9/,/*7F!`/0!4!#4Q4#'/,!&7&#%*!#/!)%!% '9'%,#:!4,+!E$4#!'&!9/**/,.7!0%-%00%+!#/!4&!#$%!m-/(,+4#'/,!&#/,%&!-/0!#$%!+%&'2,!/-!4!2//+!#4Q!&7&#%*n!XN40D/9e7:!>?@?)L!@\Z:!

o#p$%!&()K%9#!/-!%<%07!&#4#%!/(2$#!#/!9/,#0')(#%!#/E40+&!#$%!&(66/0#!/-!#$%!2/<%0,*%,#:! 4&!,%40.7!4&!6/&&').%:!',!60/6/0#'/,!#/!#$%'0!0%&6%9#'<%!4)'.'#'%&V!#$4#!'&:!',!60/6/0#'/,!#/!#$%!

0%<%,(%! E$'9$! #$%7! 0%&6%9#'<%.7! %,K/7! (,+%0! #$%! 60/#%9#'/,! /-! #$%! &#4#%! X=*'#$:!

@h>iLdAiZF!

C$%!60',9'6.%&!/-!4,!% '9'%,#!#4Q!&7&#%*!$4<%!%</.<%+!4,+!%Q64,+%+!/<%0!#'*%!)(#!#$%!(,+%0.7',2!60%*'&%! /-! 4 ! #4Q4#'/,! %2'&.4#'/,! $4&! 0%*4',%+! 9/,&'&#%,#! X" %7! Y! N%,#.%7:! >??aZF! "02(4).7:! ,/!

&',2.%!#4Q!*%4&(0%!94,!&'*(.#4,%/(&.7!&4#'&-7!4 !90'#%0'4!/-!4!% '9'%,#!#4Q!&7&#%*:!4,+!&/*%!#04+%I/ &!40%!(,4</'+4).%!XG'.&/,IP/2%0&!Y!5',#/:!>??\ZF!C$'&!9$46#%0:!E'#$!0%-%0%,9%!#/!#$%!60',9'6.%&!/-!4,! % '9'%,#! #4Q! &7&#%*:! 4'*&! #/! 60/<'+%! #$%! $'&#/0'94.! )49D20/(,+! #/! 9/,&/.'+4#'/,! /-! 9/06/04#%!20/(6!-/0!#4Q4#'/,!6(06/&%&!4,+!<40'/(&!&7&#%*&!/-!20/(6!#4Q4#'/,!/99(00',2!',!/#$%0!K(0'&+'9#'/,&F!C$%! 6(06/&%! /-! #$'&! 9$46#%0! '&! #/! 60/<'+%! #$%! )49D20/(,+! #/! 4! #4Q! 9/,&/.'+4#'/,! 0%2'*%! 4,+! #/!9/,#%Q#(4.'&%!#$%!4004,2%*%,#&!4+/6#%+!)7!#$%!"(&#04.'4,![/<%0,*%,#!-/0!#$%!#4Q4#'/,!/-!9/06/04#%!20/(6&F!C$'&!9$46#%0!4'*&!#/L!

Trang 25

"-#%0! ',#0/+(9',2! E$4#! 9/,&#'#(#%&! 4! #4Q:! &%9#'/,! >F>F@! 60%&%,#&! #$%! 9.4&&'-'94#/07! &7&#%*&! (&%+! #/!+%-',%! 9/**/,! #4Q%&L! +'0%9#! 4,+! ',+'0%9#! #4Q%&F! N0/4+.7:! #$%! 9.4&&'-'94#'/,&! 40%! *4+%! )4&%+! /,! 4!9/,,%9#'/,!)%#E%%,!#$%!#4Q647%0!4,+!#$%!2/<%0,*%,#!X"#D',&/,:!@\iiZF!G$%0%!#$%0%!'&!4!+'0%9#!.',D!)%#E%%,! #$%! #4Q647%0! 4,+! 2/<%0,*%,#:! #$'&! '&! +%-',%+! 4&! 4! +'0%9#! #4QF! G$%0%! 4,! ',#%0*%+'407! '&!60%&%,#!)%#E%%,!#$%!#4Q647%0!4,+!#$%!2/<%0,*%,#:!#$'&!+%-',%+!4&!4,!',+'0%9#!#4Q!XN(9$4,4,:!@\i?ZF!C$%!'*6/0#4,9%!/-!+%-',',2!#4Q4#'/,!'&!,%9%&&407!-/0!4,!(,+%0&#4,+',2!/-!#$%!#4Q4#'/,!*%4&(0%&!#$4#!(,+%06',!#$%!*%9$4,'&*&!4 /E',2!#$%!9/,&/.'+4#'/,!/-!9/06/04#%!20/(6&!-/0!#4Q4#'/,!6(06/&%&F!",!4##%*6#!#/!+%-','#'<%.7!'+%,#'-7!4,+!94#%2/0'&%!#4Q4#'/,:!#$%!#4Q4#'/,!*%4&(0%&!'&!/(#&'+%!#$%!&9/6%!/-!#$'&!#$%&'&F!H/E%<%0:!-/0!9/,&'&#%,97!E'#$!#4Q!9/,&/.'+4#'/,!*%4&(0%&!E'#$',!"(&#04.'4:!#$%!#%0*!

C$%!',#0/+(9#'/,!/-!',9/*%!#4Q4#'/,!*%4&(0%&!)7!#$%!=#4#%&!E4&!.402%.7!+0'<%,!)7!)(+2%#407!+%-'9'#&!X3' &:! @\>aZF! G$'.%! 9/**/,4.'#7! %Q'&#&! )%#E%%,! #$%! */#'<%&! -/0! ',#0/+(9',2! ',9/*%! #4Q! )7! #$%!

=#4#%&!4,+!60%<'/(&.7!)7![0%4#!N0'#4',!',!@i\\!W!&(&#4',%+!)(+2%#!+%-'9'#&!W!',!#$%!94&%!/-!#$%!&#4#%&!

#$'&! E4&! ,/#! +(%! #/! *'.'#407! %Q6%,+'#(0%:! )(#! 4! &'2,'-'94,#! 0%+(9#'/,! ',! 0%<%,(%! -0/*! %Q9'&%! 4,+!9(&#/*&! X[')&/,:! @\\\ZF! H/E%<%0:! #$%! -'0&#! `%+%04.! ',9/*%! #4Q! 9/**%,9%+! +(%! #/! ',90%4&%+!

%Q6%,+'#(0%!4&&/9'4#%+!E'#$!#$%!`'0&#!G/0.+!G40!X3' &:!@\>aZF!"-#%0!#$%!%,49#*%,#!/-!',9/*%!#4Q!.%2'&.4#'/,! ',! @\@a! )7! #$%! `%+%04.! 2/<%0,*%,#:! #$%! =#4#%&! &()&%1(%,#.7:! 4.)%'#! ',! @\A>:! 0%6%4.%+!

#$%'0!6/E%0&!#/!9/ %9#!',9/*%!#4QF!=',9%!#$4#!#'*%:!#$%!9/,#0/.!/-!#$%!',9/*%!#4Q!&7&#%*!$4&!0%&#%+!E'#$!#$%!`%+%04.!2/<%0,*%,#F!

Trang 26

• / &%##',2!/-!60/-'#&!4,+!./&&%&!)%#E%%,!20/(6!*%*)%0&V!4,+!!

• +%-%004.!/-!24',&!-0/*!',#04I20/(6!#04,&-%0!/-!4&&%#&F!!

540#'4.!9/,&/.'+4#'/,!'&!4&&(*%+!#/!%Q'&#!E$%0%!4!9/(,#07!4 /E&!-/0! /,%!/-!#$%&%!#04'#&:!E$'.%!-( !9/,&/.'+4#'/,!/99(0&!E$%,!)/#$!+%<'9%&!/-!9/,&/.'+4#'/,!40%!(&%+F!N/#$!-( !4,+!640#'4.!9/,&/.'+4#'/,!0%2'*%&! 40%! +'&9(&&%+! ',! &%9#'/,! >FAF@:! $/E%<%0! 4&! #$%! "(&#04.'4,! #4Q! 9/,&/.'+4#'/,! 0%2'*%! -4 &!E'#$',!#$%!-( !9/,&/.'+4#'/,!94#%2/07:!#$%!0%*4',+%0!/-!#$%!#$%&'&!9/,9%,#04#%&!/,!-( !9/,&/.'+4#'/,F!

=%9#'/,!>Fa!60%&%,#&!4!9/*640'&/,!/-!#$%!,',%!9/(,#0'%&!'+%,#'-'%+!4&!466.7',2!4!-( !9/,&/.'+4#'/,!

&7&#%*F!804E',2!/,!C',2!X>?@@Z:!-'<%!D%7!40%4&!E%0%!'+%,#'-'%+!#$4#!+'&#',2('&$!)%#E%%,!#$%!0%2'*%&F!C$%&%!40%L!

Trang 27

!

T/,#0/.!4,+!*%*)%0&$'6!0%1('0%*%,#&!9/<%0!#$%!9$4049#%0'&#'9&!#$4#!%,4).%!*%*)%0&!/-!4!9/06/04#%!20/(6!#/!)%!',9.(+%+!',!4!#4Q!20/(6F!C$%&%!',9.(+%!#$%!.%<%.!/-!/E,%0&$'6!/0!9/,#0/.!%Q%0#%+!/<%0!#$%!

&()&'+'40'%&:!#$%!0%&'+%,#!&#4#(&!/-!#$%!&()&'+'407!4,+!#$%!#76%!/-!.%24.!%,#'#7F!C$%!0%*4',',2!#$0%%!40%4&! ',<%&#'24#%+! 40%!#$%! *%#$/+&! /-!#0%4#',2! #$%! /&&%&! $%.+! )7! %49$! &()&'+'407:! #$%! 4&&%#&!/-! 4!

&()&'+'407!4,+!#$%!&$40%$/.+',2!',!4!&()&'+'407F!

LIGIP C,-)"#%.#/'0,&'#%)'%)&43)S%'&30)>&,&3.)

C$%!',#0/+(9#'/,!/-!#4Q!9/,&/.'+4#'/,!',!#$%!;,'#%+!=#4#%&!/99(00%+!+(0',2!#$%!`'0&#!G/0.+!G40!4&!4!

*%4,&!/-!',90%4&',2!2/<%0,*%,#!0%<%,(%!X[/E%0:!@\@hZF!H/E%<%0:!#$%!0%2'*%!E4&!,/#!+%&'2,%+!4&!4,!',9/*%!#4Q!*%4&(0%:!)(#!/,%!#/!946#(0%!OQ9%&&!50/-'#&!C4Q!6474).%!)7!9/06/04#%!20/(6&F!OQ9%&&!60/-'#&!#4Q!'&!)4&%+!/,!#$%!,/#'/,!#$4#!$'2$%0!60/-'#&!%40,%+!)7!9/*64,'%&!4-#%0!#$%!9/**%,9%*%,#!/-!E40:!&$/(.+!)%!9/,#0')(#%+!#/!#$%!9/&#!/-!+%-%,+',2!#$%!9/(,#07F!!

=%9#'/,! >Fc! #049%&! #$%! %</.(#'/,! /-! #$%! #4Q! 9/,&/.'+4#'/,! &7&#%*! ',! #$%! ;,'#%+! =#4#%&! -0/*! '#&!',&#'24#'/,! #/! #$%! 9(00%,#! &7&#%*! 4+/6#%+! ',! @\cAF! C$%! 04#'/,4.%! -/0! ',9.(+',2! 4! $'&#/07! /-! #4Q!9/,&/.'+4#'/,!',!#$%!;,'#%+!=#4#%&!'&!#E/I-/.+L!

• '#!E4&!#$%!-'0&#!-( !#4Q!9/,&/.'+4#'/,!&7&#%*!9/<%0',2!%.'2').%!*%*)%0&!/-!4!9/06/04#%!20/(6V!4,+!

• "(&#04.'4!6.49%+!640#'9(.40!%*6$4&'&!/,!#$%!;,'#%+!=#4#%&!&7&#%*:!',9.(+',2!#$%!4+<4,#42%&!4,+!+'&4+<4,#42%&:!+(0',2!#$%!60/9%&&!/-!+%&'2,',2!#$%!"(&#04.'4,!#4Q!9/,&/.'+4#'/,!0%2'*%F!

LIL 94,&)'.),)&,-T)

",!%Q49#',2!+%-','#'/,!/-!#4Q4#'/,!4,+!#$%!%</.(#'/,!/-!E$4#!+%-',%&!4!#4Q!40%!/(#&'+%!#$%!&9/6%!/-!

#$'&!#$%&'&F!H/E%<%0:!#/!4660%9'4#%!#$%!9/,9%6#!/-!#4Q4#'/,!E'#$',!#$%!"(&#04.'4,!#4Q!9/,&/.'+4#'/,!0%2'*%! 4! )0/4+! +%-','#'/,! /-! E$4#! 9/,&#'#(#%&! 4! #4Q! '&! 0%1('0%+F! C$%! #%0*! b#4QS! '&! 4! 2%,%04.! #%0*!9/<%0',2! *4,7! +' %0%,#! -/0*&! /-! 647*%,#&! 4,+! '&! 4.&/! D,/E,! )7! *4,7! +' %0%,#! ,4*%&!W! +(#'%&:!.%<'%&:!#40' &!/0!9$402%&!XN40D/9e7:!>?@?4ZF!C$%!"(&#04.'4,!N(0%4(!/-!=#4#'&#'9&!,/#%&!#$%!+' '9(.#7!',!+%#%0*',',2!#$%!%Q49#!,(*)%0!4,+!#76%&!/-!#4Q%&!',!"(&#04.'4F!B,&#%4+!/-!4&9%0#4',',2!#$%!,(*)%0!/-!.%24.! /0! 4+*','&#04#'<%! *%9$4,'&*! X'F%F! ',+'<'+(4.! #4Q%&Z! (&%+! )7! 2/<%0,*%,#! #/! 04'&%! 0%<%,(%:!

&#4#'&#'94.!42%,9'%&!40%!2%,%04 7!*/0%!9/,9%0,%+!E'#$!#$%!9.4&&'-'94#'/,!/-!#$%!0%<%,(%!X"N=:!>??cZF!

Trang 28

!

C$%! B,#%0I=%90%#40'4#! G/0D',2! [0/(6! /,! M4#'/,4.! "99/(,#&a!X>??\Z! ',! C$%! =7&#%*! /-! M4#'/,4.!

"99/(,#&c!+%&90')%&! #4Q%&! 4&! 4! m9/*6(.&/07:! (,0%1('#%+! 647*%,#&:! ',! 94&$! /0! ',! D',+:! *4+%! )7!',&#'#(#'/,4.! (,'#&! #/! 2/<%0,*%,#&! (,'#&n! XB,#%0I=%90%#40'4#! G/0D',2! [0/(6! /,! M4#'/,4.! "99/(,#&:!

#$4#!

o4p!9/0%!9$4049#%0'&#'9!/-!4!#4Q!'&!#$4#!#$%0%!'&!,/!9.%40!4,+!+'0%9#!.',D!)%#E%%,!#$%!647*%,#! /-! #$%! #4Q! 4,+! #$%! 60/<'&'/,! /-! 2//+&! 4,+! &%0<'9%&! #/! #$%! #4Q647%0F! C$%! -(,+&! #$4#! #$%!

C$'&! <'%E! /-! #4Q4#'/,! ',9.(+%&! -%%&! 9$402%+! )7! 2/<%0,*%,#&! %Q9%%+',2! #$%! 9/&#&! /-! +%.'<%0',2! #$%!

&%0<'9%! 4,+! '&! 9/,&'&#%,#! E'#$! #$%! <'%E! #$4#! 60/-'#&! /-! 2/<%0,*%,#4.! /024,'&4#'/,&! 40%! 4! -/0*! /-!

#4Q4#'/,F!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

a !C$%!B,#%0I=%90%#40'4#!G/0D![0/(6!/,!M4#'/,4.!"99/(,#&!'&!*4+%!(6!/-!#$%!T/**'&&'/,!/-!#$%!O(0/6%4,!T/**(,'#'%&:! B,#%0,4#'/,4.!3/,%#407!`(,+:!R024,'&4#'/,!-/0!O9/,/*'9!T/I/6%04#'/,!4,+!8%<%./6*%,#:!;,'#%+!M4#'/,&!4,+!G/0.+!N4,DF!!

c !C$%! =7&#%*! /-! M4#'/,4.! "99/(,#&! m'&! #$%! ',#%0,4#'/,4 7! 420%%+! &#4,+40+! &%#! /-! 0%9/**%,+4#'/,&! /,! $/E! #/! 9/*6'.%!

*%4&(0%&!/-!%9/,/*'9!49#'<'#7F!C$%!=M"!+%&90')%&!4!9/$%0%,#:!9/,&'&#%,#!4,+!',#%204#%+!&%#!/-!*490/%9/,/*'9!499/(,#&!',!

#$%!9/,#%Q#!/-!4!&%#!/-!',#%0,4#'/,4 7!420%%+!9/,9%6#&:!+%-','#'/,&:!9.4&&'-'94#'/,&!4,+!499/(,#',2!0(.%&n!XBT"":!>?@?Z!C$%!

&#4,+40+&!+4#%!)49D!#/!@\Ai!E$%,!#$%!=()IT/**'##%%!/,!M4#'/,4.!B,9/*%!=#4#'&#'9&!/-!#$%!U%42(%!/-!M4#'/,&!T/**'##%%! /-!=#4#'&#'94.!OQ6%0#&!0%.%4&%+!3%4&(0%*%,#!/-!M4#'/,4.!B,9/*%!4,+!#$%!T/,&#0(9#'/,!/-!=/9'4.!"99/(,#&!X;,'#%+!M4#'/,&:! ,F+FZF!

Trang 29

!

!

H'&#/0'94 7:!#$%!+'&#',9#'/,!)%#E%%,!+'0%9#!4,+!',+'0%9#!#4Q%&!0%.4#%+!#/!#$%!*%#$/+!/-!9/ %9#'/,!4,+!4+*','&#04#'/,:!E'#$!+'0%9#!#4Q%&!)%',2!64'+!+'0%9#.7!#/!#$%!0%<%,(%!4(#$/0'#7!)7!#$%!#4Q647%0:!E$'.%!

#4Q%&!/,!&4.%&!4,+!6(09$4&%&!E%0%!64'+!',+'0%9#.7!X"#D',&/,:!@\iiZF!C$'&!+'&#',9#'/,!'&!*/&#!0%.%<4,#!',!#$%!+%&'2,',2!/-!4,!/6#'*4.!#4Q4#'/,!&7&#%*:!E$%0%!',+'0%9#!#4Q%&!$4<%!)%%,!&$/E,!#/!$4<%!.%&&!,%24#'<%!% %9#&!/,!.4)/(0!&(66.7!.%4+',2!#/!$'2$%0!%9/,/*'9!20/E#$!X3(&204<%!Y!3(&204<%:!@\h\ZF!

"++'#'/,4 7:!',+'0%9#!#4Q%&!94,!)%!(&%-(.:!640#'9(.40.7!',!40%4&!/-!$'2$%0!*402',4.!#4Q!04#%&!X=.%*0/+:!

@\\?Z:! 4&! 4! *%4,&! /-! 0%+(9',2! #4Q! %<4&'/,! XN/4+E47! "#! $%&:! @\\AZ! 4,+! ',90%4&',2! #4Q! 9/*6.'4,9%!

XG4#0',! Y! ; *4,,:! >??hZF! C$%! *4K/0! 402(*%,#! -/0! #$%! (&%! /-! +'0%9#! #4Q4#'/,! '&! 4! )%##%0!0%+'&#0')(#'/,!/-!',9/*%!)%#E%%,!+' %0%,#!20/(6&!X=4%e:!>??AZ!

C$%!+%-','#'/,!/-!+'0%9#!4,+!',+'0%9#!#4Q%&:!)/#$!',!#$%!.'#%04#(0%!4,+!E'#$',!9/**/,!(&42%!<40'%&F!G'#$',!#$%!6().'9!-',4,9%!.'#%04#(0%:!+'0%9#!4,+!',+'0%9#!#4Q%&!40%!+%-',%+!',!0%.4#'/,!#/!#$%!',9'+%,9%!/-! #$%! #4Q! X"#D',&/,:! @\iiZF! N(9$4,4,! X@\i?Z! 402(%&! #$%! +'&#',9#'/,! )%#E%%,! +'0%9#! 4,+! ',+'0%9#!

#4Q%&!0%.4#%&!#/!#$%!6%0&/,!#$%!#4Q!'&!'*6/&%+!/,F!"!#4Q!'*6/&%+!/,!#$%!#4Q647%0!E/(.+!)%!9.4&&'-'%+!4&!4!+'0%9#!#4Q:!E$'.%!4!#4Q!'*6/&%+!/,!&/*%/,%!/#$%0!#$4,!#$%!#4Q647%0!XE$%0%!#$%!#4Q647%0!49#&!4&!4,!',#%0*%+'4#%.7Z!E/(.+!)%!4,!',+'0%9#!#4QF!C$'&!+'&#',9#'/,!+'0%9#.7!0%.4#%&!#/!$/E!#$%!#4Q%&!E/(.+!)%!+%-',%+:!E$%0%!4!!

o+p'0%9#!#4Q4#'/,!'&!+%-',%+!4&!#4Q4#'/,!'*6/&%+!(6/,!#$%!6%0&/,!E$/!'&!',#%,+%+!#/!)%!#$%! -',4.! )%40%0! /-! #$%! )(0+%,! /-! 647*%,#F! B,+'0%9#! #4Q4#'/,! '&! +%-',%+! 4&! #4Q4#'/,! '*6/&%+!

Trang 30

)DEFGH';I;J'"VH'!WLQHT'KS'&PQDKRPN'#OOKFRQL'OPQHEKGDLPQDKR'KS'OKTTKR'QPUHL'

!C$%! M4#'/,4.! "99/(,#&! 9.4&&'-'94#'/,! &%6404#%&! #4Q%&! ',! -/(0! 94#%2/0'%&L! @Z! #4Q%&! /,! 60/+(9#&:! X>Z!/#$%0!#4Q%&!/,!60/+(9#'/,:!dZ!9(00%,#!#4Q%&!/,!',9/*%!4,+!E%4.#$:!4,+!AZ!946'#4.!#4Q%&F!C4Q%&!E'#$',!

#$%!-'0&#!20/(6!X#4Q%&!/,!60/+(9#&Z!40%!9.4&&'-'%+!4&!',+'0%9#!#4Q%&:!E$'.%!#4Q%&!',!#$%!#$'0+!20/(6!40%!9.4&&'-'%+!4&!+'0%9#!#4Q%&!XU%1(' %0!Y!N.4+%&:!>??cZF!

LILIL U3*'%'%()&,-,&'#%)

C$%0%!%Q'&#&!<407',2!+%-','#'/,&!/-!)/#$!+'0%9#!4,+!',+'0%9#!#4Q4#'/,:!4&!E% !4&!E$4#!9/,&#'#(#%&!4!#4QF!C$'&! 94,! )%! -0/*! 4! )0/4+! 6%0&6%9#'<%! #$4#! %,946&(.4#%&! 4 ! 0%<%,(%&! 04'&%+! )7! 2/<%0,*%,#&!X',9.(+',2!#$%!9/&#!/-!60/+(9',2!2//+&!4,+!&%0<'9%&Z!/0!4!,400/E%0!<'%E!#$4#!',9.(+%&!/,.7!#04,&-%0&!

Trang 31

!

#/!#$%!2/<%0,*%,#!&%9#/0!#$0/(2$!'*6/&%+!.%<'%&F!C$'&!#$%&'&!+%4.&!E'#$!#4Q4#'/,!E'#$',!"(&#04.'4,!.%2'&.4#'<%!.4,+&946%!4,+!*/0%!&6%9'-'94 7!#$%!#4Q4#'/,!/,!',9/*%F!N4&%+!/,!K(0'&+'9#'/,!9/,&#04',#&!/-! #$%! #4Q! 9/,&/.'+4#'/,! %2'&.4#'/,:! #$%! +%-','#'/,! /-! #4Q4#'/,! (#'.'&%+! )7! #$%! "(&#04.'4,! N(0%4(! /-!

C4&*4,'4! @h\A! B,9/*%!-0/*!6%0&/,4.!%Q%0#'/,!

M%E!=/(#$!G4.%&! @h\a! B,9/*%!-0/*!6%0&/,4.!%Q%0#'/,!

o'p-!#$%!8%<'.!$4+!&%,#!4!0%60%&%,#4#'<%!$%0%!#/!',&#'#(#%!4!*%4,&!/-!+%&#0/7',2!#$%!*/04.'#7!

/-! #$%! 6%/6.%:! $%! 9/(.+! $4<%! -/(,+! ,/! )%##%0! ',&#0(*%,#! #$4,! 4,! B,9/*%! C4Q! XM=G!

540.'4*%,#:!@hhcL!da@ZF!

Trang 32

!

"-#%0! #$%! &%9/,+! 0%4+',2! #$%! )' ! E4&! E'#$+04E,! )7! #$%! 2/<%0,*%,#! 4,+! ,%<%0! 0%49$%+! #$%!.%2'&.4#'<%! 9/(,9'.F! 3' &! X@\>aZ!&6%9(.4#%+! #$%! 402(*%,#&! 424',&#! #$%! )' ! )7! #$%! 6().'9! 4,+! #$%!640.'4*%,#407!/66/&'#'/,!4,+!#$%!.'D%.'$//+!#$%!)' !E/(.+!)%!+%-%4#%+!m',+(9%+!#$%![/<%0,*%,#!#/!4)4,+/,!'#&!4##49D!/,!#$%!*/04.'#7!/-!4,!',,/9%,#!9/**(,'#7n!X3' &:!@\>aL!ccZF!

C$%! *4',! 0%4&/,! -/0! #$%! ',#0/+(9#'/,! /-! ',9/*%! #4Q%&! E4&! +(%! #/! )(+2%#407! +%-'9'#&i!4,+! #$%!9/,&#04',#&! /-! 04'&',2! 0%<%,(%! #$0/(2$! ',+'0%9#! #4Q4#'/,! X3' &:! @\>aZF! B,! M/<%*)%0! @h\A:! #$%!C0%4&(0%0!/-!]'9#/0'4!&()*'##%+!4!)(+2%#!-/0!#$%!7%40!%,+',2!d?!J(,%!@h\A!&$/E',2!4!+%-'9'#!/-!ta\d!Ad>F!540#!/-!#$%!60/6/&4.&!#/!0%*%+7!#$%!+%-'9'#!E4&!#$%!',#0/+(9#'/,!/-!4,!',9/*%!#4QF!G$'.%!#$%!',9/*%! #4Q! E/(.+! 6/&&').7! 0%+(9%! #$%! )(+2%#! +%-'9'#! '#! E/(.+! 4.&/! 0%+(9%! 0%&'+%,#&! %Q#04<424,#!

#$%! 9/ %9#'/,! /-! 9(&#/*&! 4,+! %Q9'&%! +(#'%&! #/! #$%! T/**/,E%4.#$! 2/<%0,*%,#\!X[0/%,%E%2%,:!

@\haZF! ".#$/(2$! #$%! =#4#%&! 9/,#',(%+! #/! 9/ %9#! #4Q4#'/,! /,! ',9/*%! 4,+! 4,+! XP%',$40+#! Y! =#%%.:!

>??cZF!8(%!#/!#$%!',90%4&%!',!%Q6%,+'#(0%!-/0!#$%!`'0&#!G/0.+!G40:!',!@\@a!#$%!-%+%04.!2/<%0,*%,#!',#0/+(9%+! "(&#04.'4S&! -'0&#! T/**/,E%4.#$! ',9/*%! #4Q! X3' &:! @\>aZF! C$'&! #4Q! E4&! %<'%+! )/#$! /,!6%0&/,4.! %Q%0#'/,:! ',9/*%! -0/*! 60/6%0#7:! 4,+! #$%! ',9/*%! /-! 9/*64,'%&! +'0%9#%+! /,.7! /,!(,+'&#0')(#%+!60/-'#&F!!

C$%!',#0/+(9#'/,!/-!#$%!T/**/,E%4.#$!',9/*%!#4Q!0%&(.#%+!',!#E/!#'%0&!/-!2/<%0,*%,#!X-%+%04.!4,+!

&#4#%Z! 9/*6%#',2! -/0:! 4,+! &$40',2! 0%<%,(%! -0/*! 4! 9/**/,! #4Q! )4&%F! N/#$! #$%! `%+%04.! 4,+! =#4#%!

#4Q4#'/,! &7&#%*&! E%0%! D%6#! &%6404#%! 4,+! 4+*','&#%0%+! )7! +' %0%,#! )(0%4(9049'%&F! "-#%0! &%<%04.!4##%*6#&!#/!$40*/,'&%!#$%!+(4.!#4Q4#'/,!&7&#%*:!#$%!`%02(&/,!P/74.!T/**'&&'/,!&(22%&#%+!E47&!/-!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

i !C$%!)(+2%#!+%-'9'#!/-!C4&*4,'4!',!@hh?!E4&!t@di!???!W!#$%!6/6(.4#'/,!4#!#$%!#'*%!E4&!4660/Q'*4#%.7!@@h:???F!!

h !G$'9$!&()&%1(%,#.7!)%94*%!#$%!&'Q!&#4#%&!',!"(&#04.'4F!

\ !".#$/(2$!',#%0'*!*%4&(0%&!E%0%!6(#!',!6.49%!E$%0%!#$%!&#4#%&!9/,#',(%+!#/!9/ %9#!#40' &!-/0!#E/!7%40&!X3' &:!@\>aZ!

Trang 33

B,! @\A>! `%+%04.! %2'&.4#'/,! X#$0/(2$! #$%! ?#$#"! X7$+#6! NK+,*3"! 2$/! R"03I576"3"+#! 4,#O! (;<'Z! E4&!

%,49#%+! #$4#! ',90%4&%+! #$%! ',9/*%! #4Q! 04#%&! X#$4#! 60/<'+%+! 0%'*)(0&%*%,#! #/! #$%! =#4#%&ZF! C$'&!

*%4&(0%!E4&!/,.7!',#%,+%+!-/0!#$%!+(04#'/,!/-!#$%!E40!4,+!#$%!&()&%1(%,#!7%40!%Q6'0',2!/,!d?!J(,%!

@\AcF!C$%!4++'#'/,4.!)(0+%,!/,!0%&'+%,#&!+(%!#/!#$%!',90%4&%!',!04#%&!4,+!#$%!./&&!/-!%,#'#.%*%,#!#/!4! #4Q! 0%'*)(0&%*%,#! 647*%,#! 60%<%,#%+! #$%! 9/,#',(4#'/,! /-! =#4#%I)4&%+! ',9/*%! #4QF! G$'.%! #$%!

=#4#%&! 4##%*6#%+! #/! 0%24',! #$%'0! 6/E%0&! #/! #4Q! ',9/*%:! #$%! 9%,#04.'&%+! 9/ %9#'/,! /-! ',9/*%! #4Q!0%*4',%+!E'#$!#$%!`%+%04.!2/<%0,*%,#!4,+!E4&!,%<%0!9%+%+!#/!#$%!=#4#%&!XH4,9/9D!Y!=*'#$:!>??@ZF!B,!4!&6%%9$!',!@\Ah:!#$%!#$%,!50'*%!3',&#%0!%Q60%&&%+!#/!=#4#%!50%*'%0&!!

o$p/E! *(9$! )%,%-'#! #$%! #$0%%! 9.4'*4,#! =#4#%&! E/(.+! +%0'<%! -0/*! 4! 0%&#/04#'/,! /-! #$%!

#4Q',2! 6/E%0&! B! $4<%! ,%<%0! )%%,! 4).%! #/! 4&9%0#4',F! U/,2! )%-/0%! #$%! ',#0/+(9#'/,! /-!

(,'-/0*! ',9/*%! #4Q:! E$%,! #$%! #$0%%! 9.4'*4,#! =#4#%&! $4+! 9/*6.%#%! #4Q',2! 6/E%0:! #$%7!

E%0%!,/#!4).%!#/!-',4,9%!#$%*&%.<%&F!B!$4<%!&4'+!)%-/0%:!4,+!B!0%6%4#!,/E:!#$4#!#$%!#$0%%!

.%&&! 6/6(./(&! =#4#%&! *(&#! )%! 4&&'&#%+! )7! #$%! 402%0! 4,+! */0%! 4 .(%,#! =#4#%&! 4,+! #$%!

T/**/,E%4.#$:! '-! E%! 40%! #/! $4<%! 4! ,4#'/,4.! /(#.//D! /,! #$%! +%<%./6*%,#! /-! "(&#04.'4F!

50%<'/(&! 2/<%0,*%,#&:! '00%&6%9#'<%! /-! #$%'0! 6/.'#'94.! )%.'%-&:! #//D! #$%! &4*%! <'%EFs! B!

&#0/,2.7!&(&6%9#!#$4#!'-!#$%!T/**/,E%4.#$!E%0%!#/!0%#(0,!#/!#$%!#$0%%!9.4'*4,#!=#4#%&!

#$%'0!#4Q',2!6/E%0!4,+!#% !#$%*!#/!-',4,9%!#$%*&%.<%&:!#$%7!E/(.+!)%!',!20%4#!+' '9(.#7!

4,+!E/(.+!,/#!D,/E!E$4#!#/!+/!X=#40240+#:!@\a>L!>>\ZF!!

!C$%!`%+%04.!2/<%0,*%,#!6.4,,%+!',!@\a>!#/!0%#(0,!&/*%!/-!#$%!6/E%0&!#/!#$%!=#4#%&F!"!0%6/0#!E4&!60%640%+! /(#.',',2! #$%! #%9$,'94.! +' '9(.#'%&! ',! '*6.%*%,#',2! #$%! */<%! XT/**/,E%4.#$! 4,+! =#4#%!C0%4&(07!R '9%0&:!@\adZF!G%&#%0,!"(&#04.'4!4,+!C4&*4,'4!/66/&%+!#$%!*/<%!9'#',2!.%&&!94649'#7!#/!04'&%! ',9/*%! #4Q! 0%<%,(%&! 9/*6404#'<%.7! #/! #$%! T/**/,E%4.#$! 4,+! #$4#! /-! #$%! */0%! 4 .(%,#!

=#4#%&F! f(%%,&.4,+! E4&! 60%640%+! #/! 0%&(*%! #4Q',2! ',9/*%! 60/<'+%+! 4+%1(4#%! 60/<'&'/,&! E%0%!

*4+%!#/!/ &%#!#$%'0!./E!#4Q4).%!94649'#7!XN',,&!Y!N% '&:!@\acZF!

LIP C,-)"#%.#/'0,&'#%)+3('63.)

C0%4#',2!4!20/(6!/-!9/*64,'%&!4&!4!&',2.%!(,'#!-/0!#4Q4#'/,!6(06/&%&!$4&!'#&!$'&#/07!%*)%++%+!',!#$4#!/-! #$%! +%<%./6*%,#! /-! 9/06/04#%! 20/(6&! X34&(':! >??AZF! C4Q! 9/,&/.'+4#'/,! $4&! +' %0%,#! *%4,',2&!+%6%,+',2! /,! '#&! K(0'&+'9#'/,! 4,+! #$%! *%9$4,'&*&! #$4#! 4 /E! 9/06/04#%! 20/(6&! #/! 9/,&/.'+4#%! -/0!

#4Q4#'/,!6(06/&%&F!"#!'#&!9/0%:!#4Q!9/,&/.'+4#'/,!'&!#$%!4)'.'#7!/-!4!20/(6!/-!&',2.%!9/*64,'%&!#/!-/0*!/,%!&',2.%!#4Q4).%!(,'#F!!

Trang 34

!

LIPIG R2#/$&'#%)#*)&,-)"#%.#/'0,&'#%)+3('63.GV)

C$%!9/,&/.'+4#',2!/-!9/06/04#%!20/(6&!-/0!#4Q4#'/,!6(06/&%&!'&!,/#!4!0%9%,#!6$%,/*%,/,F!C$%!-'0&#!.%2'&.4#'<%!#4Q!9/,&/.'+4#'/,!0%2'*%!/99(00%+!@@?!7%40&!42/!',!#$%!8%,*40DF!;,+%0!#$%!-'0&#!"9#!/-!

B,9/*%!C4Q!#/!#$%!=#4#%!X?#$#66]$##"%*B"+Z!9/*64,'%&!E%0%!#4Q%+!4&!&%6404#%!%,#'#'%&F!H/E%<%0!#/!

4</'+! +/().%! #4Q4#'/,:! 4! 640%,#! 4,+! 4! E$/ 7! /E,%+! &()&'+'407! E%0%! 4 /E%+! #/! )%! #4Q%+! K/',#.7F!

;,+%0! K/',#! #4Q4#'/,:! #$%! %2'&.4#'/,! 4 /E%+! 4! 20/(6! #/! / &%#! /&&%&! 4*/,2! 20/(6! *%*)%0&:! )(#!',#04I20/(6! 4&&%#! #04,&-%0&! E%0%! 60/<'+%+! ,/! 0%.'%-F! =',9%! #$%! ',#0/+(9#'/,! /-! #4Q! 9/,&/.'+4#'/,! ',!8%,*40D:!>?!9/(,#0'%&!$4<%!',&#'24#%+!4!0%2'*%!E$%0%!9/06/04#%!20/(6&!40%!4).%!#/!-( 7!/0!640#'4 7!9/,&/.'+4#%!-/0!#4Q4#'/,!6(06/&%&F!C4).%!>I>!60/<'+%&!4!9$0/,/./27!/-!#$%!9/**%,9%*%,#!X4,+!4,7!

@\i>! "(&#0'4! R024,&9$4-#!9/+'-'%+!

@\ic! M%E!q%4.4,+! U/&&!20/(6',2!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

@?!;,.%&&!/#$%0E'&%!',+'94#%+:!#$%!',-/0*4#'/,!',!#$'&!&%9#'/,!$4&!)%%,!+04E,!-0/*! )$=0"76!9"!A7*0#!C06,$%!K+#"7+$#0*+$%!

^*%53"!1;IS!X7*5-!2$/$#0*+!0%6/0#!XB,#%0,4#'/,4.!`'&94.!"&&/9'4#'/,:!>??AZF!

Trang 35

!

4,+!#$%!#%9$,'1(%&!-/0!#0%4#',2!9/,&/.'+4#%+!'#%*&!40%!&/!<40'%+!%&#4).'&$',2!+'0%9#!9/,,%9#'/,&!40%!+' '9(.#F!34&('!X>??AZ!0%*40D%+!/,!#$%!+' '9(.#7!m#/!%&#4).'&$!4,!%Q49#!m-4*'.7!#0%%n!/-!#$%!20/(6!

#4Q4#'/,!0%2'*%&!40/(,+!#$%!E/0.+F!U',%&!40%!$40+!#/!+04EF!OQ9%6#'/,&!4)/(,+n!XB,#%0,4#'/,4.!`'&94.!

"&&/9'4#'/,:!>??AL!>\ZF!G$'.%!+' %0%,9%&!40%!46640%,#.7!E'#$',!+' %0%,#!9/(,#0'%&:!'#!'&!6/&&').%!#/!9.(&#%0!#$%!#76%&!/-!9/,&/.'+4#'/,!',#/!#$0%%!*4',!40%4&L!!

T/**/,!#/!"(&#0'4!4,+![%0*4,7@@:!#$%!9/,#0/ %+!*%*)%0&!/-!4!9/06/04#%!20/(6!40%!+%%*%+!#/!)%!',,%0!b/024,&S!/-!#$%!640%,#F!;,+%0!#$'&!9/,9%6#:!#$%!&()&'+'407!*%*)%0&!/-!#$%!20/(6!4##0')(#%!#$%!60/-'#&!4,+!./&&%&!#/!#$%!640%,#F!H/E%<%0!+%-%004.!/-!24',&!4,+!./&&%&!40'&',2!-0/*!#$%!',#04I20/(6!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

@@ !"(&#0'4!0%6%4.%+!R024,&9$4-#!',!>??A:!0%6.49',2!'#!E'#$!4!0%2'*%!#$4#!4 /E&!-/0!./&&!#04,&-%0&!-0/*!9/*64,'%&!)4&%+!',!

4 !K(0'&+'9#'/,&!XD,/E,!4&!m>+#"7+"=3"+6:75 "nZ!

Trang 36

• / &%##',2!/-!60/-'#&!4,+!./&&%&!)%#E%%,!20/(6!*%*)%0&V!4,+!!

• +%-%004.!/-!24',&!-0/*!',#04I20/(6!#04,&-%0!/-!4&&%#&F!!

G$'.%!640#'4.!9/,&/.'+4#'/,!40'&%&!E$%,!4!K(0'&+'9#'/,!6%0*'#&!#$%!(&%!/-!%'#$%0!20/(6',2!*%9$4,'&*F!T/,&'+%0',2! #$%! 9/(,#0'%&! #$4#! 9(00%,#.7! $4<%! 4! #4Q! 9/,&/.'+4#'/,! 0%2'*%:! C4).%! >Id! &$/E&! #$%!-(,9#'/,4.! 9/*640'&/,! ',! +' %0%,#! K(0'&+'9#'/,&F! G$4#! '&! ,/#'9%4).%! '&! 4 ! 9/(,#0'%&! 4 /E! #$%!/ &%##',2!/-!60/-'#&!4,+!./&&%&!)%#E%%,!#$%!20/(6:!$/E%<%0!/,.7!@>!9/(,#0'%&!4 /E!#$%!+%-%004.!/-!24',&!-0/*!',#04I20/(6!#04,&-%0!/-!4&&%#&F!

"PMNH';I=J')FROQDKRPN'OKTYPGDLKR'KS'QPU'OKRLKNDXPQDKR'THOVPRDLTL'DR'XDSSHGHRQ']FGDLXDOQDKRL'

NKLLHL'KS'EGKFY' THTMHGL'

3HSHGGPN'KS'EPDRL'SGKT' DRQGPIEGKFY'QGPRLSHG'KS' PLLHQL'

Trang 37

$4<%! ',&#'24#%+! 4! -( ! #4Q! 9/,&/.'+4#'/,! 0%2'*%! 40%! 60/<'+%+! ',! C4).%! >IAF! C$'&! #4).%! $'2$.'2$#&! #$%!

Trang 38

!"4"$"$ %22*),5+

C$%!6//.',2!&7&#%*!#0%4#&!#$%!640%,#!9/*64,7!4,+!%49$!/-!#$%!&()&'+'40'%&!4&!&%6404#%!%,#'#'%&!-/0!

#4Q4#'/,! 6(06/&%&F! ;,+%0! #$'&! &7&#%*:! %49$! #4Q647%0! E'#$',! #$%! 20/(6! 94.9(.4#%&! #$%'0! ',+'<'+(4.!

#4Q4).%! ',9/*%! /0! /&&! 4-#%0! E$'9$! #$%! 0%&(.#&! 40%! 9/*)',%+! #/! -/0*! #$%! 9/,&/.'+4#%+! 20/(6S&!

#4Q4).%! ',9/*%! /0! /&&F! 5//.',2! '&! 9/**/,! #/! 4 ! 0%2'*%&! E'#$! #$%! %Q9%6#'/,! /-! "(&#04.'4! 4,+! #$%!M%#$%0.4,+&!XC',2:!>?@@ZF!

!"4"$"! 6((')7/()2,+

C$%! M%#$%0.4,+&! '&! #$%! /,.7! 9/(,#07! #$4#! (,+%0#4D%&! #$%! 4##0')(#'/,! &7&#%*! 0%-%00%+! #/! 4&! b-'&94.!(,'#7S!-/0!#4QI9/,&/.'+4#%+!20/(6&F!C$%!-'&94.!(,'#7!&7&#%*!4##0')(#%&!#$%!4&&%#&:!.'4)'.'#'%&!4,+!#4Q4).%!49#'<'#'%&!/-!%49$!&()&'+'407!E'#$',!#$%!#4QI9/,&/.'+4#%+!20/(6!#/!#$%!$%4+!9/*64,7F!",!'*6/0#4,#!

Trang 39

!

-%4#(0%!#$/(2$:!'&!%49$!&()&'+'407!E'#$',!#$%!20/(6!9/,#',(%&!#/!)%!&()K%9#!#/!9/06/04#%!#4Q4#'/,@>!X+%!]0'%&:!>??AZF!!

"(&#04.'4!$4&!#4D%,!4!&'2,'-'94,#!&#%6!',!#$%!#0%4#*%,#!/-!%49$!&()&'+'407!E'#$',!4!#4QI9/,&/.'+4#%+!20/(6:! E$%0%)7! %49$! &()&'+'407! '&! +%%*%+! #/! ,/! /,2%0! %Q'&#! /,9%! 4! #4QI9/,&/.'+4#%+! 20/(6! '&!-/0*%+F! B,! 4 %9#:! -0/*! 4! #4Q! 6%0&6%9#'<%! #$%0%! '&! 4! +%%*%+! m+'&466%404,9%n! XO3:! >??>L! >F@iZ! /-!

*','*(*!6%09%,#42%!/-!</#',2!0'2$#@AF!"!*/0%!% %9#'<%!E47!/-!+%#%0*',',2!9/,#0/.!E/(.+!)%!#/!4!

#4D%!4!E'+%0!+%-','#'/,!#$4#!E/(.+!946#(0%!+%!-49#/!9/,#0/.F!H/E%<%0!"0,/.+!X@\hcZ!402(%&!4!*/0%!9/*60%$%,&'<%! <'%E! $'&! +' '9(.#! #/! 4+*','&#%0! 4,+! #$%! 0%&(.#&! 40%! m(,9%0#4',! 4,+! (,60%+'9#4).%n!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

@> !C$%!M%#$%0.4,+!.%2'&.4#/0!%Q6.'9'#.7!0%1('0%+!%49$!&()&'+'407!#/!)%!&()K%9#!#/!9/06/04#%!#4Q4#'/,!(,+%0!#$%!)4&'&!#$'&!E4&! ,%9%&&407!-/0!#$%!466.'94#'/,!/-!#4Q!#0%4#'%&!X+%!]0'%&:!>??AZF!

@d !G/0.+E'+%!%Q9%6#'/,&!+/!%Q'&#!#/!#$%!0%&'+%,#!&#4#(&!',!B#4.7!4,+!`04,9%:!)(#!E'#$!&#0'9#!0%1('0%*%,#&!4,+!<%07!.'*'#%+! (&%!X&%%!B,#%0,4#'/,4.!`'&94.!"&&/9'4#'/,:!>??AZF!

@A !B,!4++'#'/,:!9/,#0/.!94,!)%!%&#4).'&$%+!#$0/(2$!#$%!4)'.'#7!#/!',-.(%,9%!#$%!9/*6/&'#'/,!/-!#$%!)/40+!/-!+'0%9#/0&:!&$40%! /6#'/,&!4,+!9/,<%0#').%!&%9(0'#'%&!/0!#$0/(2$!&$40%$/.+%0!420%%*%,#&!XC',2:!>?@@ZF!

Trang 40

&()&#4,#'4 7!@??_!/-!#$%!&()&'+'407F!R,.7!d!9/(,#0'%&!W!B#4.7:!=64',!4,+!#$%!;,'#%+!=#4#%&!W!4 /E!#4Q!9/,&/.'+4#'/,!E$%0%!/E,%0&$'6!'&!&'2,'-'94,#.7!.%&&!#$4,!@??_F!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

@a !C$%!0%+(9#'/,!',!#$%!#$0%&$/.+!E4&!'*6.%*%,#&!#/!4 /E!-/0!%*6./7%%!&$40%!&9$%*%&!6.(&!4,!*',/0'#7!&$40%$/.+',2&! E$%0%!#$%!640%,#!$4&!6(09$4&%+!4!&()&'+'407!XC',2:!>?@@ZF!

@c !C$%! ;,'#%+! =#4#%&! $4<%! $'&#/0'94 7! (&%+! #$%! #%0*! b4 '.'4#'/,S! #/! +%&90')%! #$%! 9/,,%9#'/,! )%#E%%,! #$%! 640%,#! 4,+!

&()&'+'407F!

Ngày đăng: 10/12/2016, 15:35

TỪ KHÓA LIÊN QUAN

TÀI LIỆU CÙNG NGƯỜI DÙNG

TÀI LIỆU LIÊN QUAN

🧩 Sản phẩm bạn có thể quan tâm

w