- Business
- Ocean Group Joint Stock Company is a diversified investment holding enterprise based in Vietnam, primarily engaged in real estate development and property management, hospitality services, and food and beverage manufacturing and distribution. Founded in 2007 and headquartered in Hanoi, Vietnam, the company operates through three principal business segments: Real Estate, Hospitality, and Food Production and Trading. In its Real Estate segment, the company develops, manages, and leases commercial centers, premium office buildings, residential apartments, and mixed-use complexes, with key assets and developments including Leadvisors Tower, Leadvisors Place, StarCity Le Van Luong, and urban development projects across Hanoi and Ho Chi Minh City. In its Hospitality segment, operated largely through its controlling interest in One Capital Hospitality Joint Stock Company, the company owns and operates upscale four-star and five-star hotels and beachfront resorts; its properties include StarCity Nha Trang, Sunrise Nha Trang Beach Hotel & Spa, and Dusit Le Palais Tu Hoa in Hanoi, delivering luxury accommodation, conference and banquet facilities, wellness amenities, and food and beverage services to domestic and international travelers. In its Food Production and Trading segment, managed through One Capital Consumer, the company manufactures and distributes baked goods, ice cream, and specialty food products through iconic heritage brands; its product portfolio features French-style pastries, celebration cakes, and seasonal mooncakes under the Givral Bakery brand, as well as traditional ice cream sticks, cones, cups, and specialty frozen treats under the Trang Tien Ice Cream brand, distributed through proprietary retail boutiques, bakeries, hospitality venues, and nationwide retail networks. In recent strategic developments, the company has advanced comprehensive operational and financial restructuring to resolve legacy liabilities, streamline its corporate governance, and focus capital on high-growth core businesses; renamed and repositioned its primary hospitality subsidiary from Ocean Hospitality to One Capital Hospitality; established One Capital Consumer and restructured its food division to establish direct parent-level operational control over Trang Tien Ice Cream JSC and Givral Bakery JSC; modernized and expanded food manufacturing facilities and retail distribution footprints across Northern and Southern Vietnam; and upgraded management standards across its hotel properties and commercial leasing assets to enhance recurring revenue generation.