APM Terminals has announced plans to jointly develop a new container terminal in Dinh Vu, Vietnam’s second such facility.

APM Terminals said that it has entered into a JV agreement with Pharung Shipyard Company to develop and operate a new box terminal in the Dinh Vu Industrial Zone, serving the Vietnamese Capital of Hanoi and the Red River Delta region of northern Vietnam.

Construction of the planned 630 meter berth and 24 hectare terminal is scheduled to begin later this year and is expected to be operational by late 2010.