Co le khong co thi truong nao nhay cam voi thong tin
nhu thi truong chung khoan (TTCK). Cung vi vay ma it thi truong nao lai co nhieu
qui dinh ve thong tin nhu TTCK. Tuy nhien, cuoc chay dua giua thuc tien va quy
dinh phap ly van chua den dich cuoi cung. Khi phap ly van con ke ho, xa hoi phai
vien den dao ly. Truong hop Cong ty Chung khoan Thien Viet trong may ngay qua la
mot vi du.
Thong tin thu rac
Ngay 8/3 vua qua, Uy ban Chung khoan My da cong bo tam ngung giao dich 35 loai
co phieu bi lung doan gia bang thu rac. Ho uoc tinh moi tuan co khoang 100 trieu
email voi nhung loi co dong day phan khich cho loai co phieu nay hay canh bao ve
co phieu kia. Dieu la la mac du danh tinh cua nguoi gui khong ai biet, nhung
khong it nha dau tu van hao huc mua mua ban ban theo loi khuyen.
Gia dinh la trong 100 nguoi nhan thu, chi co 1 nguoi nghe theo loi khuyen, thi
moi tuan cung co den 1 trieu nguoi mua ban theo nhung thu “nac danh”. UBCK My
uoc tinh so bo - chi rieng voi 35 co phieu bi phat hien co vi pham - cac nha dau
tu da thua lo hang chuc trieu USD.
Trong khi cac nha dau tu ca tin bi thiet ve tien bac, cac cong ty bi thiet ve uy
tin, thi nhung ke tung tin thu loi. Chang ai co the bat ho chiu trach nhiem, ve
phap ly cung nhu ve dao ly.
Thong tin dien dan
Trong khi hien tuong thu rac o Viet Nam con chua phat trien manh, thi cac dien
dan dang ngay cang phat huy tac dung. Uoc tinh co hang chuc dien dan ve chung
khoan Viet Nam, ngoai tru mot so dien dan dung dia chi trong nuoc (.vn), con da
so cac dien dan dung dia chi nuoc ngoai, do vay kho co the chiu trach nhiem tai
Viet Nam (neu co).
Voi hang chuc dien dan, moi dien dan co hang nghin bai viet hay y kien ve chung
khoan, moi bai viet binh quan co hang nghin luot nguoi doc (vi du dien dan cua
Vietstock co gan 76 nghin bai viet va y kien, bai duoc quan tam co den hang
nghin nguoi doc) thi thong tin dien dan da den voi hang chuc trieu hay hang tram
trieu luot nguoi.
Chua co uoc tinh nao ve tac dong cua thong tin dien dan den TTCK. Chi co the neu
ba diem de so sanh. Thu nhat, thi truong My rat nhieu thong tin ma thu rac con
co tac dung nhu vay, thi voi boi canh thieu thong tin nhu o Viet Nam, tac dong
cua dien dan khong the kem. Thu hai, voi nhung email khong he biet danh tinh
nguoi gui ma con co tac dong nhu vay, thi voi nhung thong tin tren dien dan co
dia chi cu the, tac dong khong the kem. Thu ba, thu rac co the bi nguoi nhan xoa
ngay ma khong can doc, con dien dan la noi cac thanh vien “chu dong” vao de tim
thong tin, nen tac dong chac chan se manh hon.
Thong tin bao chi
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| Co le
khong co thi truong nao nhay cam voi thong tin nhu TTCK. Cung vi vay ma
it thi truong nao lai co nhieu qui dinh ve thong tin nhu TTCK. (Anh:
LAD) |
So voi hai nguon tren, ro rang la thong tin bao chi dang tin cay hon rat nhieu.
It nhat thi bao chi cung co nguoi chiu trach nhiem cu the, theo nhung dieu khoan
luat cu the.
Tuy nhien, thong tin tren bao chi lai khong phong phu nhu hai nguon tren. Mot
bai bao phai thong qua nhieu buoc kiem tra trong noi bo, con voi email va dien
dan thi ai cung co the truc tiep viet ra nhung dieu minh muon viet. Nhieu nguoi
cung ngai phai phat bieu truoc bao chi do ngai bao chi viet sai y, trong khi it
nguoi biet yeu cau bao chi cho xem lai truoc khi xuat ban.
Nguoi doc tuy tin tuong o thong tin bao chi, nhung cung co mot tam ly nguoc lai:
Nhung gi tren bao, minh da biet thi ai cung biet. Con nhung gi nhan duoc qua
email hay dien dan thi nguoi doc co cam giac “chac co nhieu nguoi chua biet”.
Trach nhiem voi thong tin
Voi nhung nguon tin “chinh thong”, phap luat da qui dinh rat cu the ve trach
nhiem cua nguoi cung cap thong tin va nguoi dang tai thong tin. Tuy nhien, trach
nhiem phap ly khong phai la trach nhiem duy nhat cua nguoi dua tin.
Tro lai truong hop cua Thien Viet. Gia dinh giua Thien Viet va Goldman Sachs co
mot van ban co chu “mat” (nhu da dua hai chu ky cho bao chi chup anh), viec de
cho thong tin bi tiet lo ra ben ngoai la kho co the choi bo trach nhiem, du
khong phai la trach nhiem phap ly.
Chua noi den muc dich cua viec tiet lo thong tin (ong Chu tich Hoi dong Quan tri
cong ty cho biet trong cac thanh vien sang lap chua ai ban co phieu cua minh).
Neu tiet lo “day du” se khong chi tac hai den uy tin cua cong ty ma con la uy
tin cua cong dong doanh nghiep Viet Nam voi doi tac nuoc ngoai. Neu tiet lo “han
che” co the lam cho du luan hieu theo nhieu nghia khac nhau, va thuc te da xay
ra nhu vay.
Tinh hinh cang nhay cam hon trong boi canh thi truong chung khoan Viet Nam dang
tang truong nong. So luong cac cong ty chung khoan da tang gap ba lan chi trong
nam 2006, nhung khach hang van phai ngoi xuong san hay tran ra via he do khong
du cho. Khap noi, tu quan nuoc den nghi truong, tu ba noi tro den Quy Tien te
quoc te, chu de chung khoan dang duoc ban luan.
Thi truong dang phan khich thuong co xu the hieu mot thong tin khong ro rang
theo nghia rat tuoi hong. Qua tuoi hong de khi co thong tin nguoc lai thi de
dang chuyen sang hieu theo nghia rat den toi. Nhung nguoi lam chung khoan khong
the khong biet dieu nay.
Trong boi canh nay, nhung thong tin “venh nhau” tu cac thanh vien cua Thien Viet
cung nhu tu doi tac nuoc ngoai da gay xon xao du luan. Bao nhieu nguoi da dua
vao thong tin do de mua ban, bao nhieu nguoi khac da vi thong tin do la mat an
mat ngu?
Hien chua co nguon tin nao uoc tinh so nguoi nay, nhung bat ke nhieu hay it thi
thi truong van bi mot phen xao dong. Them mot lan cac nha dau tu bi lung lay
niem tin (khong chi vao Cong ty Thien Viet).
Cho du trong truong hop nay khong ai phai chiu trach nhiem phap ly hay trach
nhiem tai chinh, thi chac chac day cung phai la bai hoc rat lon, cho Thien Viet
cung nhu cho moi doanh nghiep khac khi tham gia vao cuoc choi.
VNN
Article source http://w4rum.com/522.t
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