OCEAN PLACE JOINT VENTURE COMPANY LTD

Ocean Place Joint Venture Company Ltd is a long established foreign invested enterprise operating one of Ho Chi Minh City’s most prominent hospitality assets, the Sheraton Saigon Hotel and Towers. Founded in 1994, the company has played a visible role in shaping the city’s luxury hotel landscape, serving both international travelers and corporate clientele. With 510 employees, the company maintains a significant presence in the central business district, where tourism, commerce, and high end services converge.

Its business operations focus on hotel management, premium lodging services, food and beverage operations, serviced apartments, and ancillary hospitality functions. One notable feature is the company’s location spanning two major streets in the heart of District 1, giving the property dual street frontage in one of Vietnam’s highest value commercial corridors. This positioning enhances its long term brand strength and commercial resilience.

Leadership and Shareholders

The company is led by Scott H., General Director, who oversees strategic hotel operations, global brand alignment, and service quality performance. He is supported by Tran T. B. D., Vice General Director, who manages daily operational functions and local market coordination. The legal representation is held by Ho C. H., who ensures compliance with Vietnamese regulations and oversees partnership administration.

Ownership is structured as a joint venture with a dominant foreign investor. Lam Ho Investments Pte., Ltd of Singapore holds 70 percent, providing financial strength and corporate oversight.

Financial Growth and Market Risks

The company recorded USD 77.34 million in revenue in 2023. Profit rose significantly and working capital improved from operational recovery, while total assets and equity remained stable year over year. The hotel industry continues to face sensitivities related to tourism cycles, foreign visitor inflows, competitive positioning among luxury hotels, and cost inflation in staffing and operations.

Additionally, the dependence on international tourism exposes the business to global travel trends, regulatory shifts, and macroeconomic uncertainties. Investors, suppliers, and financial institutions seeking a deeper understanding of solvency, liquidity, profitability patterns, and multi year financial behavior can benefit from the complete analysis provided in the VNBIS Company Comprehensive Report.

Business Intelligence and Risk Outlook

Vietnam’s tourism industry continues to recover at a steady pace, supported by rising international arrivals and renewed corporate activity. Ocean Place Joint Venture Company Ltd is well positioned to benefit from this momentum due to its established global brand, central location, and diversified customer base. Short term performance will depend on occupancy levels, cost control, and seasonal travel trends. Longer term prospects hinge on maintaining international brand competitiveness, adapting to evolving traveler expectations, and sustaining investment in property enhancements.

The company’s strategic location and joint venture structure provide long term advantages in a market where central district land availability is increasingly limited, giving the business a durable competitive position in the luxury hospitality segment.

VNBIS Support and Business Services

Vanguard Business Information LLC (VNBIS) provides a comprehensive suite of business intelligence solutions to support investors, partners, and financial institutions evaluating Ocean Place Joint Venture Company Ltd.

VNBIS services include:

• Company Credit Reports assessing solvency, liquidity, and financial health
• Risk Management Solutions analyzing exposure to hospitality cycles, tourism volatility, and operational performance metrics
• Business Verification and Due Diligence Reports confirming ownership structure, regulatory compliance, and governance records

For clients requiring up to date financial statements, verified corporate information, and fresh investigative insights, the VNBIS Company Comprehensive Report provides the most complete and authoritative assessment available. VNBIS enables transparent, secure, and data driven business decisions.