The Vietnam ETF (VNM -6.3%) plunges as fallout continues following the arrest of banking...

|By:, SA News Editor

The Vietnam ETF (VNM -6.3%) plunges as fallout continues following the arrest of banking executive Nguyen Duc Kien. Reuters reports there was a run on the bank he founded - Asia Commercial Bank - prompting the central bank to issue a rare assurance that depositor funds were safe. Whether that calms things or really creates a panic remains to be seen.