Doing Business: Myanmar

iCAM ASEAN Series

Doing Business: Myanmar

17-19 May 2017   •   19-21 Jul 2017   •   20-22 Sep 2017   •   15-17 Nov 2017

 

Doing Business in Myanmar
Singapore Brands in Myanmar

 

The Straits Times article “Helping SMEs tap Asia's boom in infrastructure” on 15 Apr 2017 highlighted that South-east Asia requires infrastructure investments of S$3.9 trillion between 2016 to 2030 (Source: Asian Development Bank). Smart cities are on the rise and opportunities for Singapore companies abound within the infrastructure development sector in Indonesia, Vietnam and Myanmar, especially small-scale utility infrastructure projects ranging S$5-$70m for power, water and liquefied natural gas.

 

Singapore Business Federation’s National Business Survey in January 2016 showed that Myanmar was the most popular market for Singapore companies wanting to venture overseas, with US$13 billion invested as of April 2016 & bilateral trade at S$3.5 billion in 2015 (Source: Myanmar Directorate of Investment and Company Administration). However, there are intrinsic challenges Singapore companies must consider when venturing into Myanmar. According to IE Singapore[1], the top challenges are:

 

  1. Legal infrastructure
  2. Lack of financing & transparency
  3. Verification of land ownership & skyrocketing rental and land prices
  4. Poor infrastructure & power shortages
  5. Shortage of skilled workers

 

It is vital that Singapore companies recognise these challenges whilst respecting Myanmar’s local business culture to enter the Myanmar market successfully. Former World Bank Group & UN Senior Adviser Dr John Vong will be leading a team of four experts in Myanmar to give you hands-on business knowledge on how to start your own company, win business deals & tackle issues relating to government regulations, legal compliance & human resource deployment.

 

According to The Asian Development Bank, Myanmar GDP grew 7.2% in 2015 & is expected to reach 8.4% in 2016 & 2017 – the highest in Asia Pacific & three times as much as USA, EU & global growth. Strong growth in Myanmar’s natural resource exports, construction & tourism sectors enhances rising business confidence for future development in the country. To be part of this explosive growth, join us for this 2-day workshop Doing Business: Myanmar.

[1]IE Insights Vol. 14_Jan 2014 Myanmar: Navigating the Risks and Opportunities

 

Who Should Attend From Singapore?

IndustriesInnovators
  •  Construction
  •  Manufacturing
  •  Equipment Supplies
  •  Import & Export/Shipping
  •  IT Systems
  •  Banks
  • Investors
  • Entrepreneurs
  • Strategy Directors
  • Business Consultants
  • Business Development Directors

 

Programme Outline

1: KNOWING THE MARKET (Day 1: Singapore)

Starting a business; handling construction permits; obtaining electricity; registering property; securing bank credit; protecting investors; settling taxes; trading cross-border; enforcing contracts; resolving insolvency

  1. Ease of doing business in Myanmar
  2. Starting up a business in Myanmar
  3. Entering the fastest growing sectors in Myanmar
  4. Knowing the largest international investors in Myanmar
  5. Forming partnerships with local or foreign companies

 

2: MANAGING THE RISKS (Days 2 & 3: Myanmar)

Mobilising manpower & talent; avoiding legal pitfalls; navigating government regulations; acquiring finance

  1. Understanding usual business practices in Myanmar
  2. Conducting business negotiations in Myanmar
  3. Meeting government officials in Myanmar
  4. Hiring the right people in Myanmar
  5. Appreciating the culture, norms, habits & mindset of Myanmarese

 

Learning Outcomes

  Acquiring vital business intelligence in Myanmar
  Gaining strategies to compete with established players in Myanmar
  Navigating local government regulations
  Managing local & foreign manpower & talent
  Managing local market practices & government
  Clearing customs & immigration
  Identifying fastest growing industries of Myanmar
  Sharing of local information by Guest Speakers from Myanmar
  Visiting local companies’ operations

 

Certification

A Certificate of Attendance will be awarded by iCAM Singapore

 

Course Fees

  • SGD $1,350 + prevailing GST per pax (Early Bird: 3 weeks before course date)
  • SGD $1,500 + prevailing GST per pax (Regular)

* Does not include air tickets, airport transfers, hotel accommodation and other incidental expenses. Separate arrangements can be made with our local travel agent.

 

Moderator for Workshop

Dr. John Vong
Dr. John Vong

Former World Bank IFC & UN Senior Adviser
Founding Director, Singapore Fin Tech Academy @SMU
Professor, Lee Kuan Yew School of Public Policy, National University Singapore;
Independent Director, Hong Leong Vietnam;

Dr John Vong has 30 years of experience in SME Banking, Retail Banking & Public Finance throughout ASEAN, having conducted due diligence assignments in US & Hong Kong. He first started in HSBC (Hong Kong, Malaysia, Singapore, Australia) & consulted for Citibank, Standard Chartered Bank & ANZ Bank. In 2005, he arrived in Vietnam as a consultant & was Senior Resident Adviser for IFC World Bank in 2006, based in Mekong & Indonesia. He then helped list Sacombank on the Ho Chi Minh City Stock Exchange & later expanded the bank into Cambodia & Laos & nearly into US. He sat on the IT Steering Committee of Sacombank Vietnam & was the Deputy CEO for International Division. Today he runs a Digital Banking consulting practice in Singapore with strategic partners in Asia, Australia & Silicon Valley USA. Dr Vong holds a PhD from the University of Bradford UK, a Certified Practice Accountant of Australia & has taken professional development at MIT-Harvard University Consensus Building Institute.