Reported 8 months ago
The Ministry of Economic Affairs Investment Commission announced that foreign investments in the first five months of this year exceeded $13.37 billion, a 60.8% year-on-year increase. This growth was mainly driven by Hon Hai's approved capital increase in Singapore's FOXCONN with subsequent investments in Vietnam, as well as Bank of Taiwan's investments in Vietnam. However, investments from overseas to Taiwan decreased by 27.3% to approximately $3.1384 billion. Various major investment projects were approved from different companies like Hon Hai, Bank of Taiwan, Cathay Life, and others, contributing to the overall increase in foreign investments.
Source: YAHOO