In a large pot or Dutch oven, heat 1 tablespoon of oil over medium-high heat. Brown the beef in batches, ensuring each side is seared.

Remove the beef and set aside. In the same pot, sauté onions, garlic, and ginger for 3–4 minutes until softened and fragrant.

Return the beef to the pot, then add soy sauce, tomato paste, bay leaves, salt, and black pepper. Stir well to combine.

Pour in the water or broth, ensuring the beef and vegetables are covered. Bring to a simmer.

Add the carrots, potatoes, and sweet potatoes. Cover the pot and let it simmer on low for 1.5 to 2 hours, or until the beef is tender and the vegetables are cooked through.

Taste and adjust seasoning with salt and pepper, if needed.

Serve hot with rice or crusty bread for a complete meal.