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The Ministry of Economic Affairs issued the 2019 50-year and 40-year entrepreneurship certificates on the 73rd Industry Day Conference

  • Published at: 2019-12-09 09:47
  • Last modified at: 2020-04-08 14:01
Director of Industry Development Bureau awarding the 40-year certificates

The 73rd Industry Day Conference was held at 2:00 pm on Monday, November 11, 2019 at the Grand Hotel Taipei. This year, Chinese National Federation of Industries' theme was "Intelligent Innovation and Investment in Taiwan". President Tsai was invited to give a speech. To acknowledge the long-established industries’ contribution to our country and society, Minister Shen presented the 2019 50-year and 40-year trophies and certificates in the conference. This year, 74 companies were presented the 50-year award, and 585 companies received the 40-year award.

Minister Shen expressed that the companies awarded this year are distributed among almost every industry. We should be especially grateful to these companies. Since the beginning, they have not only boosted economic development and employment, but also set the standard for excellent enterprises. In order to assist enterprises in upgrading and transforming, and to accelerate the industry towards innovation and AI development, the Ministry of Economic Affairs is pushing a number of measures : Taiwan’s three major investment programs to provide financing incentives; after the amendments to Statute for Industrial Innovation, the investment using retaining surpluses which amount can be exempted from 5% profit-seeking enterprise income tax, and 3% to 5% of the amount invested in smart machinery and 5G equipment may be credited against the profit-seeking enterprise income tax.

Director Lu of the Industrial Development Bureau notes that the global situation is changing rapidly, and we need to face rapid technological progress, demographic transition, post-globalization, sustainable development, etc. The industry must be aware of such shifts and prepare for quick and early responses. The Industrial Development Bureau will fully support companies to introduce emerging technologies and implement digital transition. On February 25th, 2020, it will also be Industrial Development Bureau's 50th anniversary, and we sincerely hope to move forward with the awarded companies to another 50 years.

  • Contact Organization:Industrial Policy Division, Industrial Development Bureau, Ministry of Economic Affairs
  • Contact Person:Mr. Chen
  • Contact Phone:+886 22754-1255 ext.2607
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