Circular RNAs (circRNAs) have been reported to be involved in the progression of papillary thyroid carcinoma (PTC). However, the role of circular RNA Pvt1 oncogene (
circPVT1)
in PTC has rarely been reported. In this study, we aimed to investigate the function and mechanism of
circPVT1
in PTC. The expression level of
circPVT1, miR-195
and
VEGFA
were determined by reverse transcription‑quantitative PCR (RT‑qPCR). Fisher’s exact test was used to analyze the correlation between
circPVT1
expression and PTC clinical features. Cell Counting Kit-8 (CCK-8) and 5-Ethynyl-2ʹ-deoxyuridine (EdU) staining assay and transwell assay were conducted to evaluate the cell proliferation, migration and invasion ability. Dual-luciferase reporter and Western blot assay were conducted for evaluating the correlation between
miR-195
and
circPVT1
or
VEGFA
. The results of RT-PCR showed that the expression level of
circPVT1
was significantly upregulated in PTC tissues and cell lines. After downregulating
circPVT1
expression in PTC cells, the abilities of cell proliferation, migration, and invasion were obviously suppressed, and the Wnt/β-catenin signaling pathway was also repressed. Besides,
miR-195
could both bind to
PVT1
and
VEGFA
, while
PVT1
could promote the expression of
VEGFA
by binding to
miR-195
. Downregulation of
VEGFA
expression in PTC cells revealed weakened cell proliferation, migration, and invasion capacities, and restrained Wnt/β-catenin signaling pathway. Therefore, we demonstrated that
circPVT1
could promote
VEGFA
expression by sponging
miR-195. CircPVT1
could serve as a molecule sponge for
miR-195
and mediate the ceRNA network to promote the expression of
VEGFA
, thus contributed to the malignant progression of PTC.