Net Asset Value(s)

Vietnam Opportunity Fund Limited
12 March 2008




For Immediate Release


12 March 2008


Vietnam Opportunity Fund Limited (the 'Company')


The Company announces that at close of business on 29 February 2008 its
unaudited net asset value per share was USD 3.04. This represents a drop of
10.2% from the end of January 2008 following the Vietnam Index (VN Index) drop
of 21.4% in the same period.



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