National Development Council-Overview

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Policies

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Overview

Inter-ministerial Meetings on Boosting Investment in Taiwan
Inter-ministerial Meetings on Boosting Investment in Taiwan will be held once every two to three weeks. Meetings will be held to address the issues relating to promotion of private investment, implementation of public infrastructure investment, private participation in infrastructure projects, etc. Each meeting will deal with two or three topics or cases relating to investment issues faced by Taiwan, clarifying problems, looking for solutions, and pushing the implementation of these solutions.
Forward-looking Infrastructure Development Program
In an ongoing effort to build infrastructure for national development in the next 30 years, the government is actively making a comprehensive plan to expand infrastructure investment. The Forward-looking Infrastructure Development Program includes funding for 8 categories: railway projects to provide safe and fast transportation, water environments to build resilience against climate change, green energy infrastructure to foster environmental sustainability, digital infrastructure to create a smart and connected nation, urban and rural projects to balance regional development, child care facilities to reverse declining birth rate trends, infrastructure to ensure food safety, and human resources infrastructure to nurture talent and boost employment.
Act for the Recruitment and Employment of Foreign Professionals
In this era of the globalized knowledge economy, sufficiency of high-quality talent is the core of national competitiveness. However, Taiwan is currently facing an external environment in which countries are competing fiercely to attract international talent, while itself falling short in incentives to attract foreign professionals. As a result, its outflow and shortages of talent are growing more serious by the day. International studies show that Taiwan has a severe talent deficit. For example, Oxford Economics’ Global Talent 2021 report forecast that, owing to its aging population and limited scope for heightening gains from education, Taiwan’s talent deficit in 2021 will be the largest of all 46 countries surveyed. And in the IMD World Talent Report 2016 issued by the IMD’s World Competitiveness Center, Taiwan was ranked 24th among the 61 countries assessed. These findings demonstrate that Taiwan still has a need to strengthen its recruitment of foreign professionals.
The Asia Silicon Valley Development Plan
The Plan is expected to transform Taiwan’s industrial structure with IoT, and drive economic growth with innovation and entrepreneurship.
National Investment Company
To find new engines for Taiwan’s economic growth, National Development Council established the “National Investment Company,” called Taiwania Investment and Management Co., Ltd., with capital provided by both public and private sectors, to fund the “five plus two” industries including biotechnology, Internet of Things, smart machinery, green energy, national defense, new agriculture, new materials, etc. The goal of this investment company is to stimulate industrial innovation within these industries and to reinvigorate and boost Taiwan’s economic growth.
The 2018 National Development Plan
The 2018 National Development Plan- Building Stronger Taiwan, Demonstrating Better Execution ” was passed by the 3579th Meeting of the Executive Yuan on December 7, 2017 and will be officially launched from 2018.
Action Plan for Enhancing Taiwan’s Startup Ecosystem
It is imperative for Taiwan to constantly upgrade its startup ecosystem if it is to thrive in the digital economy era and transform successfully into an innovation-driven economy. To this end, National Development Council has consulted local startup communities and discussed with various Government agencies so as to formulate the Action Plan for Enhancing Taiwan’s Startup Ecosystem. The Plan was presented for further discussion in inter-ministerial meetings, and was approved by the Executive Yuan on February 22, 2018. The Action Plan comprises five strategies and 40 measures which will be jointly promoted by 13 Government agencies. By pushing ahead this Action Plan, the Government would create a robust startup ecosystem in Taiwan, raising Taiwan’s visibility internationally, and making Taiwan an Asia’s startup nation.
Startup Regulatory Adjustment Platform
The rapid development of the digital economy has led to the rise of various kinds of startup. Many new business models blur the lines between industries, with the result that startup operators face difficulties such as lack of clarity about applicable regulations, not knowing the competent authority or laws that are not clearly defined.
Price Stabilization Measures
The convener of “Price Stabilizing Group” of the Executive Yuan is the vice premier of the Executive Yuan and the staff is National Development Council. Every agency constantly monitors the change on the price of domestic and foreign goods and regularly investigates the price of domestic commodities to keep track the changes on the price of the commodities and to adopt the measures of stabilizing the price timely.
Industrial Innovation and Transformation Fund
National Development Fund (NDF) establishes a NT100 billion fund, aiming to stimulate private sector investments, promote innovation and transformation, create job opportunities, and reinvigorate Taiwan’s economy. NDF, along with private sector investors, will invest in merger and acquisition, spin-off, and business transformation plans.
Digital Government
The development of digital government brings about the growth of industry and economy in Taiwan. Our digital government has undergone 3 phases of development, which are “the preparation and construction of basic information environment”, “the popularization of governmental online services”, and “integration and compatibility of governmental services.” The results are satisfying and affirmed, and the fourth phase will keep developing the governmental cloud applications and services, combining social network, expanding basic data, and providing people with active full services.
Deregulation Launched to Eliminate Investment Obstacles
Based on the principles of benefitting the people and simplifying administrative procedure to provide convenience for the public, the NDC pursues the objective of promoting tangible regulatory reform outcomes that the people can see and enjoy. With priority given to economic and financial regulations and beginning with review of interpretive rules, directions and rules and regulations, obstacles to corporate investment will be eliminated and a more convenient, efficient and business-friendly regulatory environment established.
Government Services Transformation Program
Executive Yuan promulgated the Transforming Government Services Program. By focusing on a foundation of effectiveness, quality, and innovation, additionally, incorporating a core spirit of “fairness,” “participation & cooperation,” and “openness & transparency” into the Program, directing the government agencies to promote citizen-oriented services and impel government services to an overall enhancement in efficiency.
Strategic Plan for National Spatial Development
Functional orientation of the plan: 1. The basic policy and goal of national spatial development 2. Solution-oriented planning 3. The root of reasonable allocation of spatial resources Major Contents: 1. Spatial development vision 2. Policy guidelines for national Spatial development 3. National Spatial structure and development concepts 4. Spatial governance and plan execution
Deliberation, Early Warning, and Withdraw Mechanism of the Public Construction Projects
Adopting the concept of the life cycle of a public construction project, the early warning mechanism strengthens deliberative function and requires clear approval to enable better execution of the projects. The screening project indicates a situation and creates a warning to find out the problem and prevent the situation from further deteriorating to the extent of being irretrievable. The withdrawal mechanism is the last resort to redistribute the resources, letting the resources be allocated properly to projects in need. The structure of the early warning mechanism during the life cycle of a public construction project is shown below.

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Welcome to National Development Council

Policies

Inter-ministerial Meetings on Boosting Investment in Taiwan

Forward-looking Infrastructure Development Program

Act for the Recruitment and Employment of Foreign Professionals

The Asia Silicon Valley Development Plan

National Investment Company

The 2018 National Development Plan

Action Plan for Enhancing Taiwan’s Startup Ecosystem

Startup Regulatory Adjustment Platform

Price Stabilization Measures

Industrial Innovation and Transformation Fund

Digital Government

Deregulation Launched to Eliminate Investment Obstacles

Government Services Transformation Program

Strategic Plan for National Spatial Development

Deliberation, Early Warning, and Withdraw Mechanism of the Public Construction Projects