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Taiwan Gov't Targets NT$1.3 T. Private Domestic Investment This Year

Feb 14, 2014 | By Steve Chuang

After experiencing a disappointing year in 2013 in attracting private investment, the Taiwanese government targets drawing a new goal of NT$1.3 trillion in private domestic investment this year, according to the Ministry of Economic Affairs (MOEA).

MOEA reported that last year Taiwan's actual private domestic investment in local industries totaled NT$1.226 trillion, only NT$22.6 billion more than its annual goal, with the electronics and information technology sector absorbing NT$511.8 billion of the total, for an achievement rate of 105.5% compared to the goal of NT$485 billion, to lead the other sectors.

However, other mainstay sectors generally saw sluggish investment in the year. For instance, the metal and machinery industry attracted investment of NT$300.1 billion, only NT$100 million more than the original expectation, while the wholesale, retail and logistic, and exhibition service sector drew investment of only NT$58.9 billion and NT$3 billion, respectively, 6.5% and 39.6% shy of the government's objectives, shows MOEA's reports.

As to this year, MOEA aims to solicit annual private domestic investment of NT$1.3 trillion, including NT$530 billion in the metal and machinery industry, NT$500 million in the electronics and information technology sector and NT$300 billion in the daily commodity and chemical industry.

Noteworthy is that MOEA's 2014 investment goal represents only an 8.3% growth compared to NT$1.2 trillion for 2013, which was 9.1% more than that of a year ago, reflecting the government's comparatively conservative outlook towards private domestic investment on the island. (SC)

Private Domestic Investment in Taiwan by Sector in 2013
Sector
Actual Investment Value
Achieving Rate
Metal and Machinery
NT$300.1 Bn.
100.1%
Electronics and Information Technology
NT$511.8 Bn.
105.5%
Daily Commodity and Chemical
NT$281.4 Bn.
100.5%
Technical Service
NT$62.2 Bn.
100.3%
Power Supply
NT$5.1 Bn.
102.2%
Wholesale, Retail and Logistic
NT$58.9 Bn.
93.5%
MICE
NT$3.0 Bn.
60.4%
Total
NT$1.2226 T.
101.9%
Source: Ministry of Economic Affairs


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