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This study examines the impact of corporate governance on the capital structure of firms listed on Vietnam’s stock market during the 2008-2018 period. Using the GMM method to analyze data collected from 479 companies, the results show a positive correlation among independent members of the Board of Directors, BOD size, Return on Assets (ROA), fixed assets with firm’s capital structure and a negative correlation between firm size and its capital structure. The findings did not reveal any relationship between female directors and firm’s capital structure.