The fresh funding, directed to ShunYun Technology Bac Giang, is classified as long-term equity.

Following the latest capital boost, ShunYun’s total investment in its Bac Ninh subsidiary has reached $85.2 million, equivalent to a 78% stake.

ShunYun Technology Bac Giang specializes in producing optical transceiver modules and operates primarily in Quang Chau Industrial Park in the former Bac Giang province, which was merged into Bac Ninh in June.

Foxconn, formally known as Hon Hai Precision Industry Co., is the world’s leading contract electronics manufacturer and a key supplier to Apple.

In a 2024 report submitted to the local authorities, Foxconn described Vietnam as “a promising market with a stable investment environment and favorable administrative procedures.” The company said it plans to expand in northern Vietnam as part of its strategy to diversify production away from China and meet rising demand from major clients.

As of February 2025, Foxconn had operated in Vietnam for over 17 years with a workforce exceeding 94,000. Bac Ninh province hosts several of its key manufacturing facilities.

According to a recent report from the Bac Ninh People’s Committee, despite U.S. tariff pressures, foreign manufacturers in the province, including Foxconn, Luxshare, and Samsung, have maintained strong growth and continued expanding production.

Among Foxconn’s key subsidiaries in Bac Ninh, Fukang Technology reported estimated revenue of VND151.3 trillion ($5.75 billion) in the first nine months of 2025, up 2.36 times year-on-year. Fuyu Technology posted VND133.5 trillion ($5.08 billion), up 81.2%, while Fulian Technology generated VND33.3 trillion ($1.27 billion).