Vietnam Holding Ltd.
VietNam Holding Ltd releases its 2011 Interim Report

VietNam Holding Ltd releases its 2011 Interim Report

VietNam Holding (VNH) is pleased to announce the release of its interim report for the six month period ending 31 December 2010.
Highlights:

– Sustainable growth of Vietnamese economy

– Financial analysis enhanced by pro-active engagement and sustainability research

– Increase of VNH's Share Price in 2H2010: 25%

– Reduction of VNH's Share Price Discount to NAV: 20%

Excerpts from Min-Hwa Hu Kupfer's, the VNH Chairperson's statement:
'The second half of 2010 was another rewarding period for VietNam Holding, despite the general lethargy shown by Vietnam's two equity markets during this period. The Company's net asset value (NAV) declined 5%, from USD 1.41 to USD 1.34 per share, broadly in line with the VNI index's performance, and well ahead of the HNX index. However, the Company's share price rose 25% over the period, from USD 0.925 to US$ 1.158 per share. As a result, the Company's discount of share price to NAV contracted from 34% to 13%.'

The report is available for download from the Company's website www.vietnamholding.com and printed copies can be ordered at InvestorRelations@vnham.com

About VietNam Holding Ltd
VietNam Holding (VNH) is an investment company listed since October 2008 in the Entry Standard of the Frankfurt Stock Exchange and since June 2006 in AIM, London Stock Exchange. The company's diversified investment portfolio is managed by VietNam Holding Asset Management Ltd, an investment management firm with offices in Hanoi, Ho Chi Minh City and Zurich. VNH is a value investor, incorporating environmental, social and corporate governance (ESG) factors in its investment analysis and decision-making process. Through its VietNam Holding Forum events, VNH promotes acceptance and implementation of sustainable investment principles in Vietnam.

For further information please contact:
VietNam Holding Asset Management (Switzerland) Ltd.
Gyentsen Zatul
Investor Relations Manager
Gartenstrasse 19
8002 Zurich, Switzerland
Tel. +41 (0) 43 500 2810
gyentsen.zatul@vnham.com
www.vietnamholding.com