A More Precise Extraction of |V_{cb}| in HQEFT of QCD

The more precise extraction for the CKM matrix element |V_{cb}| in the heavy quark effective field theory (HQEFT) of QCD is studied from both exclusive and inclusive semileptonic B decays. The values of relevant nonperturbative parameters up to order 1/m^2_Q are estimated consistently in HQEFT of QCD. Using the most recent experimental data for B decay rates, |V_{cb}| is updated to be |V_{cb}| = 0.0395 \pm 0.0011_{exp} \pm 0.0019_{th} from B\to D^{\ast} l \nu decay and |V_{cb}| = 0.0434 \pm 0.0041_{exp} \pm 0.0020_{th} from B\to D l \nu decay as well as |V_{cb}| = 0.0394 \pm 0.0010_{exp} \pm 0.0014_{th} from inclusive B\to X_c l \nu decay.Comment: 7 pages, revtex, 4 figure