Capital Structure and Changes of Capital Structure: A Case Study of Listed Vietnam Non-Financial Companies

Capital structure and capital structure change are important issues in corporate financial management. Changes in capital structure are important information reflecting the situation of enterprises. The article focuses on assessing the capital structure and capital structure change of listed companies in Vietnam through data collected from the financial statements of 50 non-financial companies for the period 2018–2022. The analysis results show that capital structure change is strongest at the beginning of the period, then the level of change gradually decreases, concentrating more clearly towards the end of the period. Companies listed on the Hanoi Stock Exchange tend to increase their debt ratio, while companies listed on the Ho Chi Minh Stock Exchange tend to decrease their debt ratio.