The northern province of Bac Ninh granted investment licences to32 new projects worth nearly 200 million USD in total registered capitalin the first quarter of this year, fulfilling 64 percent of the yearlytarget.

The money was mainly sourced from theforeign direct investment (FDI) as local authorities concentrated onsatellite projects from big companies, such as Samsung, Canon and Nokia,according to Ngo Sy Bich, head of the management board of theprovincial industrial parks.

Local authorities willcontinue mobilising all investment resources from home and abroad,adjusting policies and building a list of fields that encourage or limitinvestment to improve the quality of the investment flow into theprovince.

Environmentally-friendly projects thatutilise modern technology and facilitate the strengthening of linksbetween domestic businesses will be prioritised. Others fetching highadded value, such as banks, insurance companies and consultancy firms,will also receive special attention.

Apart from attracting FDI in its support industry, the province also favours projects that are globally competitive.

Bac Ninh has finalised a plan approved by the Government to develop 15industrial parks in an area of over 7,500 ha by 2015 with a vision to2020. Eight have already been put into service.-VNA