There are many ways indeed to acomplish what you want to do. A COM object written in C++, would indeed be a very good way to do it. All you then need to do is to refernce the dll from your VB project and code away.

Other than that, i would have said the Input function, and the Get function. I usually find that the Get function is quicker on smaller files, while the Input function is quicker on larger files.

Code:
Private Sub inputMethod(strFile As String)
    Dim strText As String
    
    Open strFile For Input As #1
    'get the whole file.
    strText = Input(LOF(1), #1)
    Close #1
    
End Sub

Private Sub getMethod(strFile As String)
    Dim bTemp As String
    Dim strText As String
    
    Open strFile For Binary As #1
    'redim the byte array to the size of the file
    ReDim bTemp(LOF(1) - 1) As Byte
    'get the file in binary
    Get #1, , bTemp
    Close #1
    'convert the byte array to a string
    strText = StrConv(bTemp, vbUnicode)
    
End Sub