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Gov't upbeat on investment goals in 2014

TAIPEI -- The Ministry of Economic Affairs (MOEA) expressed optimism yesterday that its goal for attracting investment by overseas Taiwanese businesses in Taiwan in 2014 will be met.

The MOEA said that in the first four months of the year, Taiwanese investors operating overseas poured a total of NT$34.9 billion (US$1.16 billion) into Taiwan, up 82.72 percent from a year earlier.

The four-month figure accounted for about 65 percent of the ministry's goal of soliciting NT$53.5 billion in investment this year from those companies.

The MOEA said other Taiwanese enterprises operating abroad have voiced their willingness to invest an additional NT$34.3 billion in 32 investment projects in Taiwan in the future, leaving it confident that the 2014 investment goal will be achieved.

The ministry gave its optimistic assessment after holding an investment conference Friday to encourage overseas Taiwanese businesses to invest back home.

Lien Yu-ping, director of the MOEA's Department of Investment Services, said that among the 421 overseas Taiwanese companies participating in the conference, 240 plan to invest in Taiwan and 22 already have clear investment plans.

The ministry said the participants at the conference came from China, Southeast Asian countries, the United States, and Canada.

Investments made by overseas Taiwanese investors have been on the rise in recent years, increasing to NT$52.9 billion in 2013 from NT$14 billion in 2007, Lien said.

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Vice Economics Minister Shen Jong-chin (沈榮津), fourth right, gives a thumbs-up together with investors during a press event in Taipei, yesterday. The Ministry of Economic Affairs yesterday expressed optimism about its goal to attract investment to Taiwan through overseas Taiwanese businesses in 2014. (CNA)

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