The conference is organized in the context that the lubricant market in Vietnam is experiencing many fluctuations in prices, supply and competition between domestic and foreign brands. In that context, building a stable, transparent and sustainable distribution system is considered an important factor for long-term business development.
At the event, Petrotek Vietnam Co., Ltd. and Hyundai Oilbank signed a strategic cooperation agreement, according to which Petrotek becomes the exclusive distributor of Hyundai XTeer lubricant products in the Vietnamese market. This is considered a step to consolidate the distribution system and enhance the brand's position in the coming time.
Speaking at the conference, Mr. Nguyen Huu Duc - General Director of Petrotek Vietnam Co., Ltd. said that the signing of this cooperation not only affirms the relationship between the two parties but also creates a foundation for developing the Hyundai XTeer distribution system in a systematic, stable and transparent direction. Through this, businesses aim to support distributors to feel secure in investing and developing for a long time.
Representative of Hyundai Oilbank, Mr. Kim Jong Jin - Vice Chairman of Hyundai Oilbank Group, said that Vietnam is one of the key markets in the group's development strategy in Asia. He expressed his belief that Petrotek will be a suitable partner to jointly develop the Hyundai XTeer brand sustainably in the Vietnamese market.
According to the 2026 plan, Petrotek will focus on three pillars including developing the distribution system, market control and promoting marketing activities to support distributors. At the same time, the business also continues to implement community programs such as free oil change and accompanying mass sports activities. Through this conference, the two sides expect to continue to consolidate trust with the distribution system, opening a new stage of development for the Hyundai XTeer brand in Vietnam.
