<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
TEMPLETON VIETNAM AND SOUTHEAST ASIA FUND, INC. SEPTEMBER 30, 2000
SEMIANNUAL 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> 6-MOS
<FISCAL-YEAR-END> MAR-31-2001
<PERIOD-END> SEP-30-2000
<INVESTMENTS-AT-COST> 56683793
<INVESTMENTS-AT-VALUE> 38501006
<RECEIVABLES> 1149278
<ASSETS-OTHER> 1657
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 39651941
<PAYABLE-FOR-SECURITIES> 21831
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 253485
<TOTAL-LIABILITIES> 275316
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 84448668
<SHARES-COMMON-STOCK> 4559673
<SHARES-COMMON-PRIOR> 4681173
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (21582)
<ACCUMULATED-NET-GAINS> (26867674)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (18182787)
<NET-ASSETS> 39376625
<DIVIDEND-INCOME> 299702
<INTEREST-INCOME> 115235
<OTHER-INCOME> 0
<EXPENSES-NET> (436519)
<NET-INVESTMENT-INCOME> (21582)
<REALIZED-GAINS-CURRENT> 2846760
<APPREC-INCREASE-CURRENT> (17090605)
<NET-CHANGE-FROM-OPS> (14265427)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> (121500)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (15131267)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (29714434)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (348286)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (471455)
<AVERAGE-NET-ASSETS> 46221486
<PER-SHARE-NAV-BEGIN> 11.64
<PER-SHARE-NII> (0.01)<F1>
<PER-SHARE-GAIN-APPREC> (3.00)<F2>
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.63
<EXPENSE-RATIO> 1.88<F3>
<FN>
<F1>BASED ON AVERAGE WEIGHTED SHARES OUTSTANDING.
<F2>THIS AMOUNT INCLUDES CAPITAL SHARE REPURCHASES OF $.07.
<F3>EXPENSE RATIO EXCLUDING WAIVER AND PAYMENTS BY AFFILIATES IS 2.03% AND IS
ANNUALIZED.
</FN>
</TABLE>
