Closing of fundraising

Vietnam Opportunity Fund Limited
31 October 2006


Vietnam Opportunity Fund Limited
('VOF' or the 'Company')

31 October 2006


Closing of fund raising


The Board of Directors would like to announce the closing of the Company's sixth
round of fundraising.  Due to the response received, the Directors have decided
to increase the size of the proposed fundraising to approximately US$300
million.  This will involve the issue of approximately 126 million new ordinary
shares at US$2.38 per share.



A further announcement to clarify the amount raised will be made once all funds
have been received in from the investors.






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