Quarterly report

Vietnam Opportunity Fund Limited
01 June 2005


For immediate release

1 June 2005

Vietnam Opportunity Fund Limited (the 'Company')

Quarterly report

A Quarterly Report detailing the activities of the Company for the period ended
31 March 2005, has been issued by the Manager of the Company. Electronic copies
of the report have been emailed to shareholders and can also be downloaded from
VinaCapital Investment Management Limited website at http://www.vinacapital.com/
download_reports.asp. Copies of the report will also be available, free of
charge from the offices of Grant Thornton Corporate Finance, Grant Thornton
House, Melton Street, Euston Square, London NW1 2EP or, the offices of
Vinacapital Investment Management Ltd, 17/F, Sun-Wah Tower, Ho Chi Minh City,
Vietnam , for a period of 30 days from the date of this announcement.


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