Debrief | AustCham Myanmar Business Delegation to Chengdu and Kunming
April 23- 27 2019
On 23 April 2019 a delegation of 13 companies left Yangon, Myanmar headed to Chengdu and Kunming, China. Co-hosted by AustCham West China and supported by Austrade in each of Myanmar, Chengdu and Kunming, this delegation of Australian businesses and individuals from Myanmar to Western China was the first of its kind. AustCham Myanmar believes that the promotion of responsible trade and investment will provide direct, tangible and lasting benefits to Myanmar and China.
In Chengdu, Sichuan the delegation met with more than 70 key Chinese companies crossing all sectors including mining, infrastructure, power, transport and logistics, legal services, gems and jade, banking, oil and gas, tourism, agriculture, aquiculture, engineering and construction to name just a few. A productive business to business matching session followed individual delegation company presentations and an opportunity for deals to be done.
The delegation members also held a separate meeting with 7 senior members of the Sichuan Provincial Department of Commerce (including the Director General). This was an opportunity to hear first hand about the opportunities the officials see for the 3 way partnership of Australian and Chinese investment in Myanmar as well as for each delegate to describe their business and explain what they would like to achieve from the delegation. There was also an opportunity for the business delegation to tour the Urban Planning Centre in Chengdu- a masterpiece of city planning which sets the scene to guide Chengdu as one of China’s mega cities.
The delegation then moved on to Kunming, Yunnan Province, a key and growing source of trade and investment with Myanmar under the Belt and Road Initiative and a great opportunity for AustCham Myanmar delegates to meet with more than 40 Kunming based companies to discuss business opportunities in the region and in Myanmar. Interestingly many of the businesses the delegation met already had strong ties and businesses operating in the Myanmar market. Industries represented in this forum were construction, electrical cabling, legal services, fisheries, flowers and agriculture, mining, banking, engineering, power, logistics.
One of the highlights of the delegation was a meeting at the Yunnan Academy of Southeast Asian & South Asian Studies where a deep discussion was entered into around the opportunities for business the Belt Road Initiative will have for Australian businesses in Myanmar and China. The conversation was left open and both groups welcomed each other back for further discussion in the near future.
The meeting with the Yunnan Provincial Department of Commerce was a highlight of the delegations time in China as it provided an opportunity for some of the delegates to hold candid discussions around border crossing and transport issues pertinent to Yunnan and Myanmar. The high level of Yunnan Government attendees at this meeting meant that follow up conversations post-delegation have already occurred and are reaping rewards.
Finally, the Chamber recognises and appreciates the assistance provided by AustCham West China and Austrade in Myanmar, Kunming and Chengdu in organising this important delegation and trusts that it will form the basis of a strong and collaborative approach in Australian and Chinese companies doing business in Australia, China and Myanmar.
Key Delegation Statistics:
- KHG Holdings: a Myanmar company which now has solid foundations in Myanmar, Singapore, Cambodia and Southern China. It is the driving force behind well-recognised local and international brands like Good Morning bread, Amico layer cake, Fresko, Special & Orchid tissues and MB biscuits. Besides major business activities in the manufacturing and distribution of fast-moving consumer goods, KHG Holdings is also the distributor of Blue Diamond cigarettes, and the packing and distribution of LPG gas for both domestic and industrial use. Additionally it is the appointed dealer of Samsung smartphones and a quality property developer.
- DFDL: DFDL was founded in 1995, and advise international companies on their investments in Myanmar and was the first leading international law firm developed throughout the Mekong region, with a dedicated focus on Southeast Asia and beyond. In Myanmar DFDL comprises 26 lawyers and advisors in Yangon and Nay Pyi Taw.
- KOSPA Limited: A leading 3rd Party Logistic Provider in Myanmar. KOSPA is Joint venture between KOKUBU, a Japanese logistics provider, SF EXPRESS a leading Chinese Logistics and Express services provider and YOMA STRATEGIC HOLDINGS LIMITED a listed Company on the Singapore Exchange. KOSPA provides world class integrated end-to-end supply chain solutions incorporating state of art transport and inventory management systems and operates its own truck fleet of over 70 vehicles.
- KBZ Group: One of Myanmar’s largest conglomerates the KBZ group operates successfully across various businesses such as banking, mining, aviation, insurance, agriculture, infrastructure, manufacturing, healthcare, and hospitality.
- Meinhardt Myanmar: Established in Yangon 2012 Meinhardt is a registered engineering consultancy, which offers full engineering consultancy services in Civil, Structural, Electrical, Mechanical and Sanitary engineering, Project & Construction Management. The 50+ person office in Yangon are able to deliver engineering designs on even the most complex of projects including five-star mega projects in Yangon, Myanmar. Also, with the support of Meinhardt’s Group offices in Bangkok, Singapore and Hong Kong, it is able to provide specialist design and consultancy services for Infrastructures Design, Geotechnical Engineering, Lighting Design, Transport Planning, Building Information Modeling, Environmentally Sustainable Design, and Façade Engineering.
- Myanmar Atlantic: Myanmar Atlantic is one of the top significant producers of high quality Golden South Sea Pearls in Myanmar. The quality of the pearl lustre, shape, size and colour, classified by international industry experts as the world’s best.
- Valentis/ RJE: Valentis is the leading exploration, geotechnical and mining services company in Myanmar. Led by Australian experts, Valentis was established in 2014 and has extensive experience advising both Myanmar and international companies undertaking exploration, geotechnical and mining activities in Myanmar. Valentis offers diamond and RC drilling services through our joint venture company, Titeline Valentis Drilling Myanmar. Valentis also provides laboratory analytical services, geophysics services and environmental services through partnerships and alliances with global and Australian companies. RJE Myanmar is an electrical engineering and construction business focusing on design, construction and commissioning of electrical infrastructure for Myanmar’s transmission and distribution networks.
- Wai Sitthu International: A Myanmar conglomerate company which covers many sectors of business in Myanmar including retail and distributions, mining, agriculture and UPG Paints and Coatings Co Ltd which is Myanmar's largest industrial chemicals group involved in the manufacturing, logistics and distribution of industrial chemicals and construction materials across Myanmar.
- Yoma Fleet: Yoma Fleet launched in early 2014 as a vehicle rental and contract hire operator providing operating lease and rental solutions predominantly to multi-national companies. The company has since grown to become one of the largest vehicle operating lease and rental operators in Myanmar with over 1,150 vehicles and total assets of over USD 40 million. Heavy fleet is a significant part of the business. In 2018, Yoma Fleet started offering leasing products to SMEs and retail customers. Yoma Fleet also operates a growing daily rental business (www.yomacareshare.com) served by 16 branches and hubs across 11 cities. Yoma Fleet is targeting an asset size of over US$200 million by FY2023.
- Department of Foreign Affairs and Trade Australia: The department’s purpose is to make Australia stronger, safer and more prosperous by promoting and protecting our interests internationally and contributing to global stability and economic growth, specifically in the Indo–Pacific region. The department provides foreign, trade and development policy advice to the Government. We work with other government agencies to ensure that Australia’s pursuit of its global, regional and bilateral interests is coordinated effectively.
- Austrade Yangon: The Australian Trade and Investment Commission (Austrade) is the Australian Government’s international trade promotion and investment attraction agency. We deliver quality trade and investment services to businesses to grow Australia’s prosperity. We do this by generating and providing market information and insights, promoting Australian capability, and facilitating connections through our extensive global network.
Number of meetings held during the delegation: 28
Number of companies met in Chengdu and Kunming: Total 135
Key sectors: mining, infrastructure, power, transport and logistics, legal services, gems and jade, banking, oil and gas, tourism, agriculture, aquiculture, engineering and construction