Vietnam-based Fulian Precision Technology Component Company Limited, a subsidiary of Taiwan-based Foxconn, has increased its charter capital by about $39.4 million.

According to the company’s notice with National Business Registration Portal of Vietnam, its charter capital went up from $342 million to $368 million in late January and then $381.4 million in late February. The business registration does not specify the purpose of the charter capital hike.

Fulian Precision Technology Component currently operates in Vietnam’s northern province of Bac Ninh. Its major products are electronic components, motherboards, computers and computer peripherals, servers and server chassis, communication equipment, network cards, network switches, digital TV receivers, graphics cards, memory and security products.

A key project of Fulian Precision Technology Component in Vietnam was to invest $621 million in Bac Ninh province in line with its investment registration certificate granted in January 2023. The project will employ about 50,000 people and cover 50 hectares, with an annual output of over 90 million items.

Foxconn, also known as Hon Hai Precision Industry, started investing in Vietnam in 2007. In June 2024, Brand Cheng, Chairman and CEO of Foxconn Industrial Internet, said to Vietnamese Prime Minister Pham Minh Chinh that Foxconn invested $4 billion in Vietnam and employed tens of thousands of workers.

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