Marketplace has a new podcast for kids, "Million Bazillion!" EPISODE OUT NOW

Banker’s arrest sends Vietnamese markets spiraling

Jeremy Hobson Aug 27, 2012
HTML EMBED:
COPY

Banker’s arrest sends Vietnamese markets spiraling

Jeremy Hobson Aug 27, 2012
HTML EMBED:
COPY

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.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.