- CEO
- Nha Hong Thai
- Full Time Employees
- 86
- Sector
- Consumer services
- Industry
- Hotels/Resorts/Cruise lines
- Address
- Vinh Vietnam
- IPO Date
- Aug 8, 2022
- Business
- Phuong Dong Petroleum Tourism Joint Stock Company (UPCoM: PDC) is a Vietnam-based hospitality, tourism, and commercial services enterprise primarily engaged in the management of hotel properties, restaurant operations, travel services, and commercial real estate leasing. Established in 1994 as the state-owned Phuong Hoang Hotel enterprise and equitized as a joint stock company in 2008, the company is headquartered in Vinh City, Nghe An Province, Vietnam, and operates as an affiliated member within the nationwide Muong Thanh Group hospitality network.
The company structures its core activities across multiple operational divisions: Hospitality and Accommodation Services, comprising the ownership and management of premium properties including the four-star Muong Thanh Grand Phuong Dong Hotel and Cua Dong Hotel, featuring full-service guest rooms, executive suites, banquet halls, multi-functional meeting rooms, swimming pools, fitness centers, and wellness spas; Food, Beverage, and Event Catering Services, offering restaurant dining, corporate banquet organization, wedding hosting, and specialized event catering; Travel and Tour Agency Services, providing domestic and international tour packages, travel planning, ticketing, passenger transportation, and guided tour operations; Property Leasing and Facility Management, encompassing the rental of commercial office spaces, conference centers, and retail premises; and General Commercial Trading, including the distribution of petroleum products, beverages, agricultural commodities, and consumer goods. The company primarily serves corporate clients, leisure tourists, government agencies, and event organizers across the North-Central region of Vietnam.
In recent developments, the company completed the migration of its public share trading from the Hanoi Stock Exchange to the UPCoM exchange to maintain regulatory alignment and streamline its market standing. Operationally, Phuong Dong Petroleum Tourism Joint Stock Company has executed targeted room renovations, facility modernizations, and digital distribution enhancements across its flagship Muong Thanh Grand Phuong Dong property to strengthen service capacity and maintain occupancy amid increasing regional hospitality competition. Additionally, the company has implemented stringent cost-efficiency initiatives, reorganized its corporate event and catering service packages, and refreshed its board governance framework across recent annual shareholder meetings to support its medium-term strategic growth and asset monetization objectives.