Banker’s arrest sends Vietnamese markets spiraling

Jeremy Hobson Aug 27, 2012
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Banker’s arrest sends Vietnamese markets spiraling

Jeremy Hobson Aug 27, 2012
HTML EMBED:
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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.

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