Nation hits over 60 percent of private investment goal for '13
By Kathryn Chiu ,The China PostTAIPEI, Taiwan -- Taiwan has achieved over 60 percent of the government's annual target of NT$1.2 trillion in private investments this year in the first eight months of 2013, according to the Industrial Development Bureau.
September 14, 2013, 12:01 am TWN
Minister of Economic Affairs Chang Chia-juh (張家祝) recently was briefed on Taiwan's private investment for 2013 in Industrial Development Bureau (IDB).
IDB Chief Secretary Chiu Chiu-hui (邱求慧) said new investments pledged by the private sector during the first eight months of this year reached NT$726.8 billion, indicating that the country realized 60.57 percent of the government's target to attract a total of NT$1.2 trillion worth of private investments by the end of 2013.
During the eight-month period, the electronics and information sector attracted NT$311.3 billion in promised private investments, achieving 64 percent of the target set by the government for the sector, Chiu noted.
Meanwhile, the metal and electrical sector attracted NT$214 billion in pledged private investments, making up nearly 50 percent of the government-set target for the sector, while the technology service sector solicited NT$31.13 billion, accounting for 64 percent of the target.
The wholesale & retail, utility, and trade fair-organizing sectors lagged behind in soliciting private investments during this period, achieving only 46 percent, 27 percent, and 36 percent, respectively, of the targets set by the government, Chiu said.
Out of the NT$726.8 billion in pledged investments, US$6.15 billion worth of investments came from foreign investors during the first seven months of this year, achieving about 59 percent of the government's target of attracting US$10.5 billion in foreign investments this year.
According to the established plan of Ministry of Economic Affairs (MOEA), Taiwanese investors operating overseas have promised to repatriate NT$210.3 billion to Taiwan for investment in 54 projects.
Chiu revealed that the Investment Commission under MOEA has approved 35 projects back-home investment projects filed by Taiwanese investors operating overseas, and the total amount of those project reached NT$184.4 billion, indicating that the country realized 92.2 percent of the government's target.
MOFA Generates US$2.7 Bil. in Export Business in 2 Months
MOEA has recently announced the latest advance in executing a stimulus plan proposed in June. The stimulus plan aims to revitalize Taiwan's economy in five dimensions including exports, inbound investments, domestic consumption, increased eco-friendly public investment and ease of regulations and restrictions.
Apart from the 60.57 percent of the government's target of private investments realized, shopping festival organized by MOEA to stimulate domestic consumption has so far created NT$8 billion worth of commercial opportunities in two months ended Aug. 31.
Also, over those two months, MOEA organized 155 overseas trade shows promoting 2,674 Taiwanese exhibitors to overseas buyers or partners, generating US$2.7 billion in business opportunities for Taiwanese exporters.
Separately, MOEA's promotion of use of eco-friendly energy has saved 790,000 kiloliters of oil equivalent while attracting a total amount of NT$20 billion worth of investments in the first eight months of this year. The government has also eased or overhauled four regulations and laws.