Net Asset Value(s)

VietNam Holding Limited
07 April 2008

                    VietNam Holding Limited ('the Company')

VietNam Holding Limited (AIM: VNH) announces that as at close of business on 31
March 2008, its unaudited net asset value per share was US$ 1.619.  This
represents a decrease in Net Asset Value over the month of February of 15.4%.
Over the same period the VNI Index fell by 22.1%.

As at the end of March the Company had invested 82% of its net assets in
Vietnamese equities which was split 40% in unlisted stocks and 60% in listed
stocks.


7 April 2008


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            The company news service from the London Stock Exchange