Announcement of annual shareholder meeting of the year 2008 
Shareholder meeting of IDICO Urban and House Development Investment Joint Stock Company 2008 shall be held o­n May 20th, 2008.

1. Announcement in respect of invitation for annual shareholder meeting 2008

VIETNAM URBAN AND INDUSTRIAL ZONE DEVELOPMENT INVESTMENT CORP.

IDICO URBAN AND HOUSE DEVELOPMENT INVESTMENT
JOINT STOCK COMPANY

Address: Nhon Trach I Industrial Zone  – Dong Nai Province
Tel: 0613 560614  Fax: 061356061

ANNOUNCEMENT

In respect of invitation for annual shareholder meeting 2008

Attention to shareholders of IDICO Urban and House Development Investment Joint Stock Company  

 Management Board of IDICO Urban and House Development Investment Joint Stock Company has the honor to announce and invite all shareholders of the Company to attend to annual shareholder meeting of the year 2008. 
1) Time: 9:00A.M, May 20th 2008.
2) Venue: Phong Lan Hall - Dong Nai hotel, No.57 –  National way 15 – Tan Tien Ward – Bien Hoa City  – Dong Nai Province
3)Content:

• Business outcome report of 2007 and business
  development and expansion solution for 2008
• Financial report of 2007.  
• Report of
  Management Board about the operation of Executive director and management staff
  of the financial year 2007.
•  Report of Supervision
  Board about operation of the Company in 2007.
• Approve solution to mobilize
  dormant capital of shareholders in order to implement investment project
• Approve the Statements: Plan for dividend
  payment for 2007, amendment of Company Charter in accordance with sample
  charter issued in closed with Decision No. 15/2007/QD-BTC dated March 13^th 2007 of the Financial Ministry and salary for Management Board and
  Supervision Board.

4)Participants:

• Shareholders possesses stocks of IDICO Urban & House Development Investment Joint Stock Company (IDICO- UDICO) who named in shareholder list ended April 18th 2008.

• Shareholders cannot attend the meeting, it is able to
  authorize other person to attend (in accordance with format posted o­n
  website: www.idico-udico.com.vn )

5)Attention registration:

To facilitate the meeting organization, It is
requested Shareholders to confirm their attention and send authorization letter
(in case of authorized) in accordance with format posted o­n website:www.idico-udico.com.vn) directly to the Company or by post, or facsimile before May 17^th 2008.

6)Contact:

IDICO Urban & House Development Investment
Joint Stock Company (IDICO- UDICO), Nhon Trach I Industrial Zone, DongNai Province,
Tel: 061.3560614 Fax: 061.3560610.

Notes:

• When coming the meeting, Shareholders are to
  bring Identification Card or Passport (in valid time) and authorization letter
  (as for authorized persons) in order to register shareholder behavior when
  attending meeting.

• Shareholders can get meeting documents at Company
  office or from website:www.idico-udico.com.vn. since May 15^th       
• This announcement replaces invitation letter.

IDICO Urban & House Development Investment Joint Stock Company (IDICO- UDICO) has the honor to announce as above.

ON BEHALF OF MANAGEMENT BOARD
CHAIRMAN
Signed
Pham Thieu Son

2.Meeting program.(Detail)
3.Letter of attorney or attention confirmation letter.(Detail)
4.Business outcome report of 2007 and Business solution draft for 2008 (Detail)
5.Audit report at December 31 2007.(Detail)