RNS Number:6856F
Beta Vietnam Fund Ld
31 December 2002

                              COMPANY ANNOUNCEMENT

                     FOR IMMEDIATE RELEASE 31 December 2002

                           BETA VIET NAM FUND LIMITED

                          Re: Resignation of Director


The Directors of Beta Viet Nam Fund Limited (the "Company") announce that with
effect from 30 December 2002, Mr Devin Hosea resigned as a Director of the
Company, to pursue personal interests.


Enquiries:


NCB Stockbrokers Limited
Ms. Tara O'Grady
Phone: + 353 1 611 5907

Bachmann Fund Administration Limite
Ms. Marie Palmer
Phone: +44 1481 731366



This announcement has been issued through the Companies Announcement Service of
                           the Irish Stock Exchange.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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