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Vietnam's gas station leader hedges bets with EV chargers

Petrolimex also eyes LNG terminal, seeing long-term shift in energy demand

A man pumps gasoline at a gas station in Hanoi, run by Vietnam's top fuel importer and distributor Petrolimex.
A man pumps gasoline at a service station in Hanoi run by Vietnam's top fuel importer and distributor Petrolimex.   © Reuters

HANOI -- Vietnam's state-controlled Petrolimex, the top distributor of gasoline to the country's more than 40 million motorbikes, aims to diversify operations ahead of a projected long-term slowdown in demand for the fuel.

Formally called Vietnam National Petroleum Group, the company operates about 5,000 gas stations nationwide and has added locations at a pace of 70 per year, supported by Vietnam's high economic growth of nearly 7%.

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