Quarterly report

Vietnam Opportunity Fund Limited
05 August 2005


For immediate release

5 August 2005

Vietnam Opportunity Fund Limited (the 'Company')

Quarterly report

A Quarterly Report detailing the activities of the Company for the period ended
30 June 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 www.vinacapital.com/
investors.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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