S Korea competing for SE Asia projects

‘THEY WILL DO THEIR THING’:Public construction in Southeast Asia is worth about NT$8 trillion, and the government is determined to help firms get a slice, an official said

Taipei Times
Date: Sep 03, 2017
By: Lee Hsin-fang / Staff reporter

The government faces competition from South Korea when helping local businesses secure infrastructure contracts in Southeast Asian nations as it pushes the New Southbound Policy, a source familiar with the matter said yesterday.

The source, who requested anonymity, said that South Korea has been “ambitiously” preparing plans to win infrastructure construction bids in Southeast Asia for a long time.

Nonetheless, the government has managed to help Taiwanese enterprises land opportunities in Vietnam, the source said, adding that would to soon initiate talks for local corporations to undertake infrastructure construction projects.

India and Myanmar also have plenty of opportunities for Taiwanese companies to build public works, the source said.    [FULL  STORY]

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