Taiwan Gov't Targets NT$1.3 T. Private Domestic Investment This Year
2014/02/14 | By Steve ChuangAfter 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%
|