FOLLOW THE WIND: The FDI increase from January to last month was driven mainly by investments in wind power, including a NT$24.8 billion investment from a Danish firm

Taipei Times
Date: Jun 22, 2020
By: Chen Cheng-hui / Staff reporter

Foreign direct investment (FDI) in Taiwan approved by the government in the first five months of this year totaled US$3.42 billion, an 11.95 percent increase from the same period last year, according to Investment Commission data.

The latest investment data came as the UN Conference on Trade and Development on Tuesday last week issued its World Investment Report, which said that global FDI flows could decrease by up to 40 percent this year, compared with US$1.54 trillion last year.

“This shows that despite the effects of trade tensions and technology disputes between the US and China, as well as the effects of the COVID-19 pandemic, foreign investors remain optimistic about Taiwan as a safe and trustworthy investment environment,” the Ministry of Economic Affairs said in a statement on Saturday.

While the pandemic has hit global FDI and the lockdown measures are slowing down existing investments, Taiwan’s active and effective response to the outbreak has allowed it to retain positive FDI growth, the ministry said.    [FULL  STORY]