<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
TEMPLETON VIETNAM AND SOUTHEAST ASIA FUND, INC. MARCH 31, 2000 ANNUAL REPORT
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000927311
<NAME> TEMPLETON VIETNAM AND SOUTHEAST ASIA FUND, INC.
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-2000
<PERIOD-END> MAR-31-2000
<INVESTMENTS-AT-COST> 53165041
<INVESTMENTS-AT-VALUE> 52072859
<RECEIVABLES> 359252
<ASSETS-OTHER> 2838960
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 55271071
<PAYABLE-FOR-SECURITIES> 468621
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 294558
<TOTAL-LIABILITIES> 763179
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 85314508
<SHARES-COMMON-STOCK> 4681173
<SHARES-COMMON-PRIOR> 4681173
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (29714434)
<ACCUM-APPREC-OR-DEPREC> (1092182)
<NET-ASSETS> 54507892
<DIVIDEND-INCOME> 781915
<INTEREST-INCOME> 65665
<OTHER-INCOME> 0
<EXPENSES-NET> (1160928)
<NET-INVESTMENT-INCOME> (313348)
<REALIZED-GAINS-CURRENT> (2297647)
<APPREC-INCREASE-CURRENT> 16504326
<NET-CHANGE-FROM-OPS> 13893331
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 13893331
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (27536687)
<GROSS-ADVISORY-FEES> (810784)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (1243138)
<AVERAGE-NET-ASSETS> 54094487
<PER-SHARE-NAV-BEGIN> 8.68
<PER-SHARE-NII> (0.07)<F1>
<PER-SHARE-GAIN-APPREC> 3.03<F1>
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.64
<EXPENSE-RATIO> 2.15<F2>
<FN>
<F1>BASED ON AVERAGE WEIGHTED SHARES OUTSTANDING.
<F2>EXPENSE RATIO EXCLUDING WAIVER AND PAYMENTS BY AFFILIATES IS 2.30%.
</FN>
</TABLE>
