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. The mechanism is to be used to expand collaboration with the nation’s diplomatic allies and help local businesses when bidding for infrastructure projects overseas, Tsai said. However, CTCI landed those deals on its own, while the government aims to help local businesses land deals by opening up frontiers for them, Deng said. Taiwanese businesses can only take a share of the profit and the government is determined to provide them with the necessary funds to do so, the official said.

Source: Taipei Times September 02, 2017 15:56 UTC