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Taiwan attracts foreign direct investment of over US$3.6 billion in January-October

Adam Hwang, DIGITIMES, Taipei
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Taiwan's Ministry of Economic Affairs (MOEA) approved 1,767 foreign direct investment projects (except from China) with a total value of US$3.628 billion during January-October 2011, respectively increasing by 6.96% and by 20.59% on year, according to MOEA.

In the same period, MOEA approved 255 outward direct investment projects (except in China) proposed by Taiwan-based companies or individuals with a total value of US$3.018 billion, respectively rising by 24.39% and by 25.16% on year.

Also in January-October, MOEA approved 83 investment projects proposed by China-based enterprises worth US$38.282 million. On the other hand, there were 493 approved projects of direct investment in China proposed by Taiwan-based companies or individuals with a total amount of US$11.166 billion, increasing by 37.33% and by 18.74% respectively on year.

MOEA: Taiwan investment conditions by country/area, January-October 2011 (US$ m)

Foreign direct investment

Outward investment

Country/area

Total value for approved projects

Proportion of grand total value

Country/area

Total value for approved projects

Proportion of grand total value

British Islands in Caribbean

872.787

24.06%

British Islands in Caribbean

753.272

24.96%

US

555.785

15.32%

Vietnam

438.222

14.52%

Singapore

425.521

11.73%

Singapore

427.742

14.17%

The Netherlands

398.695

10.99%

US

316.073

10.47%

Hong Kong

369.789

10.19%

Japan

247.178

8.19%

Source: MOEA, compiled by Digitimes, November 2011