A man has his motorbike filled with fuel at a Petrolimex gas station (Photo: VNA)

Hanoi (VNA) – The Petrolimex Equipment Joint Stock
Company (Peco) has inked a comprehensive technical cooperation contract on
petrol dispenser production with two Japanese partners, Tatsuno Corporation and
Nomura Trading Co. Ltd.

Peco Director Hoang Van Canh said under the
contract, his company is the only manufacturer of Tatsuno-branded petrol
dispensing pumps, along with some other products, in Vietnam.

At the signing ceremony, the Japanese partners
expressed their trust in Peco’s technological level, its staff quality and the
quality of Peco and Tatsuno-branded products which will be controlled
completely under Japanese standards.

Tran Van Thinh, General Director of Petrolimex –
the Vietnam National Petroleum Group, said he hopes the Japanese side will
continue assisting its Vietnamese partner with new technologies to protect the
environment and gradually modernise the group’s petrol retail network.

Peco formed partnerships with the Japanese
partners in the late 90s through a technical cooperation and technology
transfer contract and the building of a fuel dispenser factory.

Peco has posted strong growth in its petrol
dispenser sales, up to 1,200 units in 2016. It has also supplied dispensers to
Petro Lao Co. Ltd and Petrolimex Laos and is set to expand the market to
Cambodia and Myanmar in the near future.-VNA