πŸͺ· Vietnam Stock Index Up 10%. $120M+ VC Funding.

Impact Capital Markets #62 looks at HolonIQ's Vietnam stock index, major impact deals, M&A, and upcoming economic releases.


Sveiki 🏰

πŸ“‰ Today's Global Economic Update: The United States ISM Manufacturing PMI data showed a notable improvement to 50.3 in March 2023 from 47.8 in February. This marks the first expansion in 16 months and surpasses expectations.

πŸ’‰ Deal of the Day: Selux Diagnostics, a biotech startup, raised $48M to launch its rapid Antibiotic Susceptibility Testing platform.

What's New?

πŸͺ· Vietnam. Vietnam stock index up 10%
πŸ’° Funding. Biotech, medical tech & agri tech
πŸ’Ό M&A. IXL Learning acquires Dictionary.com & Thesaurus.com
πŸ“… Economics. Inflation, balance of trade, US employment data + more

πŸͺ· Vietnam Index Up 10%

HolonIQ’s Vietnam Index grew 10% over the past year after declining 12% in November 2023. Positive performance in the finance sector drove some of this recovery. Capital markets have benefited from rising liquidity, improving valuations, and government policies conducive to improving governance and macroeconomic conditions. The Vietnam Joint Stock Commercial Bank for Industry & Trade ($7.7B MCap) saw 25% annual growth, and Hoa Phat Group ($7.1B MCap) grew by 36%.

Vietnam’s economy registered 5.7% growth in the first quarter of the year. A strong recovery in demand has spurred growth in the manufacturing and export sector which has positively impacted stocks in the index. Foreign investment is also a driving force for Vietnamese firms, with a 54% YoY increase in FDI in the first ten months of 2023, as investors diversify their supply chains away from China, creating growth opportunities. The outlook for Vietnam’s stocks continues to remain optimistic; however, political uncertainty is a risk factor. The sudden resignation of Vietnam’s president last month underscores a lack of political stability, which could unnerve foreign investors.

πŸ’° Funding

πŸ’‰ Selux Diagnostics, a Massachusetts-based biotech startup combating superbug infections and antimicrobial resistance, raised $48M from RA Capital Management to launch its rapid Antibiotic Susceptibility Testing (AST) platform.

πŸ”¬ ViaLase, a California-based medical technology company, raised a $40M Series C to launch its ViaLase Laser used for the treatment of glaucoma.

🌱 BioConsortia, a California-based agricultural technology company, raised $15M from Otter Capital to develop microbial products that increase crop yields.

πŸ’Ό M&A

πŸ“š IXL Learning, a California-based learning site, acquired Dictionary.com, an online dictionary platform, and Thesaurus.com.

πŸ“… Economic Calendar

Inflation, Balance of Trade, US Employment Data + More

Tuesday, April 2nd 2024

πŸ‡¦πŸ‡Ί Australia RBA Meeting Minutes
πŸ‡©πŸ‡ͺ Germany Inflation Data (Preliminary), March
πŸ‡ΊπŸ‡Έ US JOLTs Job Openings, February

Wednesday, April 3rd 2024

πŸ‡ͺπŸ‡¦ Euro Area Inflation Data, March
πŸ‡ΊπŸ‡Έ US ISM Services PMI, March

Friday, April 5th 2024

πŸ‡¦πŸ‡Ί Australia Balance of Trade Data, February
πŸ‡¨πŸ‡¦ Canada Balance of Trade Data, February
πŸ‡¨πŸ‡¦ Canada Employment Data, March
πŸ‡ΊπŸ‡Έ US Employment Data, March
πŸ‡¨πŸ‡¦ Canada Ivey PMI, March

Monday, April 08th 2024

πŸ‡©πŸ‡ͺ Germany Balance of Trade Data, February

Tuesday, April 09th 2024

πŸ‡¦πŸ‡Ί Australia Westpac Consumer Sentiment Index, April
πŸ‡¦πŸ‡Ί Australia NAB Business Confidence Index, March

Wednesday, April 10th 2024

πŸ‡―πŸ‡΅ Japan Consumer Confidence Index, March
πŸ‡ΊπŸ‡Έ US Core Inflation Data, March
πŸ‡ΊπŸ‡Έ US Inflation Data, March
πŸ‡¨πŸ‡¦ Canada BoC Interest Rate Decision

Thursday, April 11th 2024

πŸ‡¨πŸ‡³ China Inflation Data, March
πŸ‡ͺπŸ‡¦ Euro Area Deposit Facility Data
πŸ‡ͺπŸ‡¦ Euro Area ECB Interest Rate Decision
πŸ‡ΊπŸ‡Έ US Producer Price Index, March

Friday, April 12th 2024

πŸ‡¬πŸ‡§ UK GDP Data, February
πŸ‡ΊπŸ‡Έ US United States Michigan Consumer Sentiment (Preliminary), April


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