It's above the vagina (and below the clitoris) so, yeah, when women pee the pee does trickle around the area within the labia including the opening to the vagina.
No, women don't pee from the vagina. and it can be found part way between the clitoris and the vagina, as you can see in the diagram below.
There is no “clitoris hole.” If you look at this drawing, you can see that a woman's “pee hole” (the opening of her urethra) is separate from her clitoris. k views.