Monthly Report

Vietnam Opportunity Fund Limited
14 January 2008

14 January 2008

Vietnam Opportunity Fund Limited (the 'Company')



Monthly Report



The Vietnam Opportunity Fund Limited Monthly Report for the period ended 31
December 2007 has today been issued by VinaCapital Investment Management Ltd,
the investment manager of the Company. Electronic copies of the report have been
emailed to shareholders and can also be downloaded from the Company's website at
www.vietnam-opportunity-fund.com.



Copies of the report will also be available, free of charge from the offices of
Grant Thornton Corporate Finance, 30 Finsbury Square, London EC2P 2YU 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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