Factors Affecting the Mismatch Between the Short-Term Debt and Long-Term Investment of Vietnamese Small and Medium-Sized Enterprises

This study analyzed the factors affecting the maturity mismatch between short-term borrowing and long-term investment in Vietnamese small and medium-sized enterprises (SMEs). The study also analyzed the role of the State Bank of Vietnam (SBV)’s credit policy in reducing the maturity mismatch between short-term borrowing and long-term investment. The study also examined the role of the corporate bond market in reducing this mismatch. This study is expected to help policymakers in Vietnam make effective credit policies and regulatory frameworks to reduce the maturity mismatch between short-term borrowing and long-term investment of SMEsin Vietnam.