The purpose of this study is to investigate the minimum-fuel trajectory for the transfer between coplanar circular orbits with a continuous thrust force of which the direction is adjustable. In this study, a mathematically strict nonlinear optimal control theory is used to formulate the problem. It is then solved by using the second-order gradient method associated with the backward sweep matrix. A numerical example is given to illustrate the methodology. The characteristics of the optimal trajectory and control variable are solved and analyzed. From a given orbit, by varying the direction of a continuous thrust with fixed magnitude, spacecraft is transferred to the orbits with higher altitude. The characteristics of optimal transfer trajectory show that, at first, the magnitude of speed increases, then the altitude rapidly increases, and finally the magnitude of speed is adjusted in order to enter the target orbit. While the orbit transfer with continuous thrust may consume larger amount of fuel as compared with the one with impulsive thrust, the former saves a lot of transferring time, and is more realistic.