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Banker’s arrest sends Vietnamese markets spiraling

Vietnam has been on a roller coaster ride for a week. The turmoil was caused by one banker arrested for financial crimes.

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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