Banker's arrest sends Vietnamese markets spiraling

A local commercial bank staff receives bricks of dong bank notes from a customer in Hanoi.

Let's turn to Vietnam -- where the stock market has been on a rollercoaster ride for a week.

That's because one of the country's most powerful bankers -- was arrested last Monday, for undisclosed financial crimes.

Nga Pham is with the BBC's Vietnam Service explains in the audio above how one extremely well-connected guy can cause all this market turmoil.

"The trust in the Vietnamese banking industry is not very high," Pham says.

About the author

Jeremy Hobson is host of Marketplace Morning Report, where he looks at business news from a global perspective to prepare listeners for the day ahead.

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