Through strategic investments in affiliated companies, One Capital Hospitality (OCH) has established itself as the largest shareholder in a series of high-potential hotel and office projects across prime locations – expanding well beyond its flagship properties Sunrise Nha Trang and StarCity Nha Trang.

On May 15, 2024, OCH successfully held its Annual General Meeting of Shareholders, unveiling key decisions that will shape the company’s business strategy through 2029. The roadmap centers on aggressive growth in the hospitality sector, a network of restaurants, and consumer goods – leveraging both internal development and a bold M&A strategy.

Robust 2024 Targets Amid Recovery

For 2024, OCH sets an ambitious target of VND 1,078 billion in revenue and VND 63.38 billion in pre-tax profit- marking a confident step forward following a year of global uncertainty.

Despite a turbulent 2023, marked by global economic challenges and shifting consumer behaviors, OCH remained resilient. The company adapted quickly, focusing on high-quality yet affordable products that meet evolving market demands, while staying committed to preserving and promoting Vietnamese heritage.

Turning Point Year Paves Way for Expansion

2023 proved to be a pivotal year for OCH, as the company made significant strides in strengthening its food and hospitality businesses. In the food segment, OCH pursued targeted mergers and acquisitions to reinforce its competitive edge through well-established brand assets. Investment in R&D was also prioritized, with a human-centered approach that connected teams with global culinary trends and innovative ingredients.

In hospitality, the first four months of 2024 have shown strong recovery signs. Vietnam welcomed 6.2 million international visitors – up 68.3% year-on-year and 3.9% higher than pre-COVID levels – fueling optimism across the tourism sector. Notably, occupancy rates soared above 80% at Sunrise Nha Trang and reached nearly 60% at StarCity Nha Trang.

Expanding Hotel Footprint Across Vietnam

Looking ahead, OCH plans to grow its hotel portfolio to 10 properties across major Vietnamese cities over the next five years. The company already holds a majority stake in several high-profile projects, including:

• Dusit Palace Tu Hoa, Hanoi (expected to launch in 2024)
• Melia Ha Long Bay (currently under construction)
• MGallery Ninh Van Bay (in design phase)
• Leadvisors Tower & Leadvisors Place, Grade A office buildings already in operation

Strategic Growth Anchored in Performance

Over recent years, OCH has maintained steady revenue above VND 1,000 billion, with consolidated profits ranging from VND 180 to 200 billion. The remarkable performance in 2023 highlights the successful completion of OCH’s corporate restructuring and reflects the dedication of its leadership and workforce.

As part of its five-year vision, OCH is targeting a three- to four-fold increase in capital, total assets, and a tenfold surge in profit – setting its sights on VND 1,000 billion in future earnings.

With a firm foundation and clear strategic direction, OCH is poised to redefine the hospitality and consumer landscape in Vietnam.