Circle K Vietnam signs Oil Agreement with PetroVietnam

November 18, 2010

Circle K Vietnam entered into a ten year agreement with PetroVietna granting Circle K Vietnam c-store operating privileges at PV Oil gasoline facilities nationwide. The first two sites have already opened in Vung Tau, a city in the southern region of Vietnam.

Signing the agreement for Circle K Vietnam was Amy Wu, Managing Director for the company. Her counter-part, Deputy General Director of PetroVietnam Oil, Ho Tung Vu, stated after the signing ceremony, "I believe that the business of Circle K and PV Oil will mutually enhance and promote the sales and the business of both companies."

Vu commented as well, saying, "Co-branding is the solution to the modern lifestyle. This is the start of Circle K's gas model in Vietnam."