Selective oxidation of bio-based 1,2-propanediol (PDO) to value-added C3 carbonyl compounds has been received great attention. An alternative mesoporous lanthanum doped MCM-41 (LaM) supported bimetallic PdxBiynanoparticles has been constructed for the selective PDO oxidation. The La doping endows thecatalysts with new basic sites, and synergy between Pd and Bi species enhances the catalytic oxidation capacity. Pure MCM-41 supported PdxBiy/M favors catalyzing the deep oxidation of PDO topyruvic acid, whereas La doped PdxBiy/LaM facilitates theoxidative dehydrogenation of PDO to hydroxyacetone in weak basic aqueous solution (pH < 10). Raising the pH value to 13 efficiently promotes thePDOoxidation to lactic acid over PdxBiy/LaM. Kinetics study and DFT calculation suggeststrong interaction between La species and PDO molecule contributes to the enhanced oxidative dehydrogenation of PDO for PdxBiy/LaM. This work highlights a flexible strategy to produce value-added C3 carbonyl compounds via selective PDO oxidation.