> ## Content Index > Fetch the complete content index at: https://newsletters.qs.com/llms.txt > Use this file to discover other available public pages before exploring further. # 🏯 Vietnam Index Up 8%. $255M+ VC Funding. - URL: https://newsletters.qs.com/vietnam-index-up-8-255m-vc-funding/ - Published: 2024-06-13T12:37:28.000Z - Updated: 2024-06-21T12:45:41.000Z - Description: Impact Capital Markets #114 looks at our Vietnam Stock Index, major impact deals, M&A, and upcoming economic releases. - Author: QS - Tags: Deals [**Sabaidee**](https://en.wikipedia.org/wiki/Lao%5Flanguage?ref=newsletters.qs.com)🏞️ πŸ“‰ **Today's Global Economic Update:** The Federal Reserve kept the fed [funds rate at 5.25%-5.50% and expects one rate cut in 2024 and four cuts in 2025](https://www.federalreserve.gov/newsevents/pressreleases/monetary20240612a.htm). GDP growth is forecast at 2.1%, and core PCE inflation is projected at 2.8% for 2024\. Future policy adjustments will be data-driven, with a potential cut coming in Sepetember if inflation decreases, the labor market slackens, and consumer spending cools. πŸ’Š **Deal of the Day:** Alzheon, a Massachusetts-based biopharmaceutical company, raised a [$100M Series E](https://www.biospace.com/article/releases/alzheon-raises-100-million-series-e-financing-round-to-advance-development-and-commercialization-of-oral-tablet-alz-801-valiltramiprosate-for-treatment-of-alzheimer-s-disease/?ref=newsletters.qs.com) to advance a drug development for Alzheimer’s disease. **What's New?** **🏯 Vietnam.** Vietnam Stock Index up 8% **πŸ’° Funding.** Biopharmaceutical, enterprise training, solar technology + more πŸ’Ό **M&A.** Drug development software and HVAC πŸ“… **Economics.** BoJ interest rate, inflation, balance of trade + more ## **🏯 Vietnam Stock Index Up 8%** [![](https://storage.ghost.io/c/f1/d4/f1d411df-6f49-4c75-a302-f8c9e9f59495/content/images/2024/06/HolonIQ_HolonIQ_Vietnam_HIQVTNM_HCHO5R4ORAMXJ4YXCXLS.png)](https://index.holoniq.com/charts/HCHO5R4ORAMXJ4YXCXLS/HolonIQ-Vietnam-%28HIQVTNM%29?ref=newsletters.qs.com) HolonIQ’s Vietnam index has risen by 8% YoY while the index has gained 2% over the last 3 months. Vietnam's quarterly GDP growth stands at 5.6%, a moderation from the 6.7% increase in Q4 2023, marking the 10th consecutive quarter of economic expansion. Due to geopolitical tensions and pressure on vietnam’s exchange rate, stocks initially fell in April but soon recovered on the back of increased government investments and rising manufacturing sector demand. GDP growth is projected to increase through 2024, driven by increased demand for chips, the recovery of Chinese and regional economies, ongoing supply chain shifts, and expected growth in Vietnamese exports. Vietnam lacks major chip manufacturing facilities but plays a crucial role in the downstream segement of the semiconductor manufacturing process with the government aiming to develop chip production to boost economic growth. While the economic outlook appears promising, political tensions can hinder the country's growth following the forced resignation of a second president in just over a year in May 2024. ## **πŸ’°** Funding πŸ’Š **Alzheon,** a Massachusetts-based biopharmaceutical company, raised a [$100M Series E](https://www.biospace.com/article/releases/alzheon-raises-100-million-series-e-financing-round-to-advance-development-and-commercialization-of-oral-tablet-alz-801-valiltramiprosate-for-treatment-of-alzheimer-s-disease/?ref=newsletters.qs.com) from Alerce Medical Technology Partners to advance Alzheimer's drug development. πŸŽ“ **Learn to Win,** a California-based enterprise training software provider, raised a [$30M Series A](https://www.finsmes.com/2024/06/learn-to-win-raises-30m-in-series-a-funding.html?ref=newsletters.qs.com#google%5Fvignette) from the Westly Group to scale its training platform. β˜€οΈ **Swift Solar**, a California-based solar technology company, raised a [$27M Series A](https://www.finsmes.com/2024/06/swift-solar-raises-27m-in-series-a-funding.html?ref=newsletters.qs.com) from Eni Next and Fontinalis Partners to scale its technology and break ground on its first factory. πŸ’‘ **ElectronX**, a Chicago-based energy exchange, raised a [$15M Seed](https://www.finsmes.com/2024/06/electronx-raises-15m-in-seed-funding.html?ref=newsletters.qs.com) from Innovation Endeavors to accelerate the US grid transition to renewable energy sources. πŸ—£οΈ **Canary Speech**, a Utah-based AI-powered voice biomarker health tech company, raised a [$13M Series A](https://www.finsmes.com/2024/06/canary-speech-raises-13m-in-series-a-funding.html?ref=newsletters.qs.com) from Cortes Capital to expand operations. 🏠 **Grayce**, a California-based social care platform for families, raised a [$10.4M Series A](https://www.finsmes.com/2024/06/grayce-raises-10-4m-in-series-a-funding.html?ref=newsletters.qs.com) from Maveron to scale its platform and enhance its employer solution. βš•οΈ **Avava**, a Massachusetts-based medical aesthetics platform company, raised [$10M](https://www.finsmes.com/2024/06/avava-receives-35m-in-financing.html?ref=newsletters.qs.com) from Catalio Capital Management to fast-track their flagship product's launch. 🚚 **CargoSense**, a software company specializing in supply chain visibility, raised an [$8M Series A](https://www.prnewswire.com/news-releases/cargosense-raises-8m-in-series-a-to-accelerate-software-automation-in-supply-chain-302169888.html?ref=newsletters.qs.com) from Lanza Tech Ventures to develop its platform. ## **πŸ’Ό** M&A ## πŸ’Š **Simulations Plus**, a California-based drug development software company, [acquired](https://seekingalpha.com/news/4115163-simulations-plus-acquires-pro-ficiency?ref=newsletters.qs.com) Pro-ficiency, for $100M, a North Carolina-based AI drug development company. 🏒 **PremiStar**, an Illinois-based industrial HVAC company [acquired](https://finance.yahoo.com/news/premistar-acquires-si-mechanical-expanding-130000190.html?ref=newsletters.qs.com) SI Mechanical, a Texas-based full-service HVAC and plumbing contractor. ## **πŸ“…** Economic Calendar Japan BoJ Interest Rate, Inflation, Balance of Trade + More ### Thursday, June 13th 2024 πŸ‡ΊπŸ‡Έ [US PPI, May](https://www.bls.gov/?ref=newsletters.qs.com) ### Friday, June 14th 2024 πŸ‡―πŸ‡΅ [Japan BoJ Interest Rate Decision](https://www.boj.or.jp/?ref=newsletters.qs.com) πŸ‡ΊπŸ‡Έ [Michigan Consumer Sentiment (Preliminary), June](http://www.sca.isr.umich.edu/?ref=newsletters.qs.com) ### Tuesday, June 18th 2024 πŸ‡¦πŸ‡Ί [Australia RBA Interest Rate Decision](https://rba.gov.au/?ref=newsletters.qs.com) πŸ‡©πŸ‡ͺ [Germany ZEW Economic Sentiment Index, June](https://www.zew.de/?ref=newsletters.qs.com) πŸ‡ΊπŸ‡Έ [US Retail Sales Data, May](https://www.census.gov/?ref=newsletters.qs.com) πŸ‡―πŸ‡΅ [Japan Balance of Trade, May](https://www.mof.go.jp/english/index.htm?ref=newsletters.qs.com) ### Wednesday, June 19th 2024 πŸ‡¬πŸ‡§ [UK Inflation Data, May](https://www.ons.gov.uk/?ref=newsletters.qs.com) ### Thursday, June 20th 2024 πŸ‡¬πŸ‡§ [UK BoE Interest Rate Decision](https://www.bankofengland.co.uk/?ref=newsletters.qs.com) πŸ‡ΊπŸ‡Έ [US Building Permits (Preliminary), May](https://www.census.gov/?ref=newsletters.qs.com) πŸ‡―πŸ‡΅ [Japan Inflation Data, May](https://www.stat.go.jp/?ref=newsletters.qs.com) ### Friday, June 21st 2024 πŸ‡¬πŸ‡§ [UK Retail Sales Data, May](https://www.ons.gov.uk/?ref=newsletters.qs.com) πŸ‡©πŸ‡ͺ [Germany HCOB Manufacturing PMI (Flash), June](https://www.pmi.spglobal.com/public?ref=newsletters.qs.com) --- **Like getting this newsletter?* For unlimited access to more deals and economic updates,* [*request a demo*](https://webforms.pipedrive.com/f/1uMbIPRqUeVuZ31jVtKWMWIuqU2ga1nKo8aotNdGihU16zgOzuTfRMb9XfIIGmcOT?ref=newsletters.qs.com)*.* --- **Thank you for reading. 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