A retail fuel station named Idemitsu Q8 was launched at the Thang Long Industrial Park in Hanoi, on October 5, becoming the first wholly foreign-owned petrol station to join the petrol retail market in Vietnam.
The service station is operated by Idemitsu Q8 Petroleum Co Ltd, a joint venture between Japan's Idemitsu Kosan and Kuwait Petroleum International Ltd, established in 2016.
It covers approximately 6,000 m2 at the Thang Long Industrial Park which is home to many Japanese enterprises.
Idemitsu Q8 is equipped with an automated management software system which allows card payments, with a number of advanced features, and is capable of providing accurate management of fuel quantities to 0.01 litres and a detailed report of transactions.
The station is also equipped with state-of-the-art technology to prevent any leakages of fuel, while providing customers with Japanese standard services through trained staff.
Hiroaki Honjo, General Director of Idemitsu Q8 Company said that the joint venture will strive to become the leading petrol service trademark in Vietnam.
The Idemitsu Q8 joint venture is planning to open more petrol service stations in various provinces and cities nationwide in order to expand its petrol retail market.
Idemitsu Kosan has been operating in Vietnam since the 1990s and also has stakes in the Nghi Son oil refinery project in Thanh Hoa and has participated in several petrol business activities across Vietnam.
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