PXP Vietnam Fund Limited is a closed-end investment company. The primary investment objective of the Company is to seek long-term capital appreciation of its assets by investing in a portfolio of the equity securities of Vietnamese companies, whether established with domestic or foreign ownership, which are either listed companies or prelisting companies. As of September 30, 2010, the Company investments portfolio included Viet Nam Dairy Products JSC (Vinamilk), Sai Gon Thuong Tin Commercial Joint Stock Bank (Sacombank), Refrigeration Electrical Engineering Corporation, Binh Minh Plastics JSC, Hoa Phat Group JSC and Dong Phu Rubber JSC. PXP Vietnam Asset Management Limited is the investment manager of the Company.