A Chinese and a Vietnamese company have signed a joint venture agreement to create a logisitics hub in North Vietnam. The new joint venture company, based in Hai Phong city, will develop and carry out professional logistics services between Vietnam and neighbouring countries in Asia. They will provide everything from door-to-door logistics services, to shipping agency, multimodal transport. road haulage, container freight warehousing and container repairing facilities. The company will lease a 30 0000 sq metre container yard in Dinh Vu Port on which it will build and operate logistics park facilities.