Nordic News, Business and Life in Asia
Follow the latest business developments connecting the Nordic countries
with Asia. ScandAsia covers companies, investment, trade, technology,
energy, manufacturing and new opportunities across the region.
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Sweden is serving as Country of Honor at this year’s China International Import Expo (CIIE) in Shanghai, marking 75 years of diplomatic relations between the two countries. A Swedish delegation …
Sweden takes spotlight at China import expo Read More
Nordic energy company Neste is marking two major milestones, celebrating 15 years of renewable refining in Singapore and 60 years of operations at its Porvoo oil refinery in Finland. The …
Neste marks 15 years in Singapore, 60 years in Finland Read More
Singapore and Sweden have agreed to deepen cooperation on regional power grid development, clean energy and nuclear safety as part of ongoing efforts to support Southeast Asia’s green transition. The …
Singapore and Sweden expand energy cooperation Read More
On 30 October 2025, the Embassy of Denmark in Vietnam and LTP Group – Asia inaugurated LTP’s renovated garment factory in Ho Chi Minh City, equipped with a modern rooftop …
Vietnam and Denmark advance Green Strategic Partnership with solar-powered factory in Ho Chi Minh City Read More
Gia Lai Province has withdrawn from a Finland-funded phase of the Pleiku urban drainage and wastewater treatment project, citing conflicts between the donor’s conditions and Vietnam’s procurement and investment laws. …
Gia Lai cancels 27.2 million$ Finnish ODA for Pleiku wastewater project, opts for domestic funding Read More
The Philippine and Swedish governments have agreed to strengthen cooperation on sustainable mining and the development of critical minerals for the global clean energy transition. The move marks a new …
Philippines and Sweden goes deep into mining negotiations Read More
Airways Aviation has signed a partnership with Vietjet Aviation Academy to deliver pilot training programmes in Europe. The agreement was concluded in Helsinki during Vietnam’s Party General Secretary Tô Lâm’s …
Airways Aviation and Vietjet Aviation Academy sign Helsinki partnership Read More
Business Sweden Malaysia and the Malaysia Semiconductor Industry Association (MSIA) have signed a memorandum of understanding to strengthen collaboration in semiconductors. The agreement aims to accelerate innovation, sustainability and supply-chain …
Business Sweden and MSIA sign MOU to boost Sweden–Malaysia semiconductor cooperation Read More
Sweden and Singapore have signed a Memorandum of Understanding (MoU) to deepen collaboration in the rapidly advancing field of quantum technology. The agreement, signed in Singapore by the National Quantum …
Sweden and Singapore strengthen partnership in quantum technology Read More
Thinh Ngo loves baking. Always has. Always will. Baking brings him joy. He can combine flour, eggs, and sugar into the most delicious pastries that make people happy. Baking has …
Thinh bakes with a Danish heart in Hanoi Read More
Swedish modular builder SIBS (Scandinavian Industrialized Building Systems) has won its first order in Australia: 50 small secondary homes, known as ADUs. The units will be produced in SIBS’ factories …
Sweden’s SIBS to build 50 small homes for Australia in Penang, Malaysia Read More
Grundfos has released a new whitepaper, “Smart Pumps, Green Tomorrow,” developed with Arthur D. Little, outlining how smart, energy-efficient water systems can cut electricity use and Scope 2 emissions in …
Penang will host Grundfos summit on 11 November Read More
Norway has cautioned that Russia’s plan to set its own Barents Sea cod quota and reduce the minimum catch size would be “incredibly dangerous” for stock management. The warning follows …
Drama in the fish pond: Russian cod could beat Norwegian salmon in China Read More
Axis Communications, the Swedish network video company, has opened a new office and Axis Experience Center (AEC) in Kowloon Bay, Hong Kong. The site is designed as an immersive hub …
Axis Communications opens Hong Kong Experience Center with Swedish envoy in attendance Read More
IKEA Malaysia has concluded its 2025 Ultimate Cook-Off, naming champion teams at in-store finals in Cheras, Tebrau and Batu Kawan. Each winning team receives a kitchen makeover worth RM10,000 as …
Ready, set, cook! Malaysian IKEA competition Read More
SkyGate Solutions has agreed to sell a 1.8-acre leasehold factory in Bayan Lepas, Penang, to Danish medical device maker Ambu for 61 million DKK, with completion targeted by July 2026. …
Danish medtech Ambu buys Penang factory from SkyGate for 61 million DKK Read More
China’s Ministry of Commerce will hold a public hearing on October 31 on the anti-dumping investigation into EU pork, with envoys from Denmark among the attendees. The probe, launched in …
Bacon diplomacy: Denmark to attend Beijing hearing on anti-dumping probe into EU pork Read More
Chonburi Hospital and Novo Nordisk Pharma (Thailand) Ltd. held the “Unlock and Rock Haemophilia” event on 20 October 2025 in Chonburi to raise awareness and improve understanding of haemophilia among …
Chonburi Hospital partners with Denmark’s Novo Nordisk Read More
Henley & Partners’ new Global Investment Risk and Resilience Index, released on 27 October 2025, places Singapore alongside Denmark, Norway and Sweden among the world’s most secure destinations for investors, …
Singapore and Nordic countries rank among world’s most secure for investment Read More
Sweden has awarded a one million euro grant to fund a feasibility study for the Subic–Clark–Manila–Batangas (SCMB) railway, a flagship project under the Luzon Economic Corridor. The agreement was signed …
Sweden grants million euros for Luzon Economic Corridor railway study Read More
Mrs Keoamphone Souvannaphoum (right) and Dr Saykham Souksanith display the signed MoUs. Photo: Vientiane Times. CARE Denmark is supporting a new initiative to strengthen livestock systems and improve rural livelihoods …
Denmark-backed livestock project launched in northern Laos Read More
IKEA China will present a series of new products and sustainability collaborations under the theme “Home is more than you think” at the upcoming 8th China International Import Expo (CIIE) …
IKEA China unveils local innovation strategy at 8th China International Import Expo Read More
Swedish truck maker Scania has inaugurated its new €2 billion factory in Rugao, China — the company’s largest overseas investment. In an interview with China Daily, Christian Levin, president and …
Scania CEO sees China as key to solving global production bottlenecks Read More
Following the recent elevation of Vietnam–Finland relations to a strategic partnership, a Vietnamese delegation has explored opportunities for cooperation in innovation and space technology during an official visit to Finland. …
Vietnam explores innovation and space cooperation with Finland Read More
Swedish home furnishing giant IKEA has opened its second branch in the Philippines, introducing a new “Plan & Order” shop at Trinoma Mall in Quezon City. At just 400 square …
IKEA opens second store in the Philippines with new ‘Plan & Order’ concept Read More
Singapore’s Seatrium has confirmed it received a notice of arbitration from Denmark’s Maersk Offshore Wind following a disagreement over a $475 million contract for a nearly completed wind turbine installation …
Maersk Offshore Wind takes Seatrium to arbitration over $475 million vessel dispute Read More
Bangkok Expressway and Metro Public Company Limited (BEM) has chosen Finnish technology leader Nokia to deploy a next-generation communications network for the city’s upcoming MRT Orange Line — a major …
Finnish technology powers Bangkok’s new Orange Line railway network Read More
Swedish ferry and shipping company Stena Line has taken another step in its fleet modernization by signing a letter of intent with China Merchant Industries for the construction of up …
Sweden’s Stena Line orders new, larger Ro-Ro vessels from China Read More
In a meeting with Vietnam’s Deputy Prime Minister Trần Hồng Hà, leaders of Italy’s Fincantieri Group discussed plans for new investments in high-tech shipbuilding in Vietnam, where its Norwegian-rooted subsidiary …
Strong signal for Norwegian–Vietnamese maritime cooperation Read More
Lao Brewery Company (LBC), majority-owned by Denmark’s Carlsberg Group, remains optimistic as Laos’ economy slows and its currency weakens. The brewer behind the iconic Beerlao continues to expand production and …
Danish-led Lao Brewery thrives despite slowing economy Read More
On Friday 18 October, the Embassy of Denmark in China joined THORNICO and Ovodan Egg Group in celebrating the official opening of Ovodan’s fourth factory in the town of Ziyang, …
Ovodan opens fourth factory in China with Danish support Read More
Swedish textile technology company imogo is preparing to showcase its sustainable spray-dyeing innovation at ITMA Asia + CITME 2025 in Singapore from 28–31 October. The presentation follows major developments in …
Swedish imogo to showcase water-saving dyeing tech in Singapore Read More
Ericsson’s reliance on the US market has grown to about 43% of year-to-date revenues, but third-quarter US sales fell 17% to roughly SEK 22.5 billion (about 2.4 billion$). The Swedish …
Ericsson faces US revenue slump and China risk Read More
Investing in the stock market is like riding a roller coaster, with exhilarating highs, stomach-churning lows, and unexpected twists keeping both newcomers starting out with a stock simulator and seasoned …
What Is the October Effect? Read More
Singapore’s Land Transport Authority (LTA) will enhance video surveillance across more than 50 train stations using Nokia’s IP/MPLS and fiber Optical LAN, deployed in partnership with Hitachi Rail. The upgrade …
Singapore LTA to upgrade rail CCTV network with Finland’s Nokia solutions Read More
Danish variety retailer Flying Tiger Copenhagen has opened three locations in Thailand, offering lifestyle and home products designed in Denmark. The brand’s first Thailand store opened at EMSPHERE in Bangkok …
Flying Tiger Copenhagen opens three stores in Thailand Read More
The Phillipine Star reports that, Philippine conglomerate Ayala Corporation has entered into a new partnership with Swedish home furnishing giant IKEA, hinting at an upcoming project “to bring something exciting …
Assembling success: Ayala and IKEA join forces in the Philippines Read More
Finland will join more than 130 countries at ITB Asia 2025, Asia’s leading travel trade show, taking place at Marina Bay Sands in Singapore from October 15–17. The event, officially …
Finland to spotlight sustainable tourism at ITB Asia 2025 in Singapore Read More
Philippine Entertainment Portal reports that Filipino publicist and businessman Josh Yugen has been appointed as the new national director of Miss Universe Sweden, marking the country’s return to the global …
Filipino director Josh Yugen takes over Miss Universe Sweden franchise Read More
The Embassy of Denmark in Vietnam is hosting two public talks titled “The Future of Fashion: A Conversation on Sustainability”, one in Hanoi on Friday 17 October 2025 and another …
Denmark promotes sustainable fashion dialogue in Vietnam Read More
Danish renewable-energy developer Ørsted has announced plans to reduce its global workforce from around 8,000 to about 6,000 employees by the end of 2027, citing a need to align staffing …
Ørsted to cut 2,000 jobs globally – impact in Asia uncertain Read More
Finland’s expertise in waste-to-energy and Malaysia’s growing capacity for carbon storage could form the basis for deeper collaboration between the two countries in carbon capture and storage (CCS) technology, reports …
Finland and Malaysia explore carbon capture cooperation Read More
Swedish home appliance manufacturer Electrolux showcased its sustainability ambitions at the SX Sustainability Expo 2025 in Bangkok, reaffirming its target of reaching net-zero carbon emissions across its entire value chain …
Sweden’s Electrolux highlights sustainability goals in Thailand Read More
Swedish electric vehicle maker Polestar, backed by China’s Geely Holding Group, recorded a 16.8% year-on-year sales increase in Germany last month, according to data from the Federal Motor Transport Authority …
Swedish design, Chinese power: Polestar shifts into high gear in Germany Read More
The hull of Rem Offshore’s new low-emission subsea construction vessel, Rem Pioneer, has departed Vietnam for Norway, marking the next stage in its construction. According to Norwegian ship designer Skipsteknisk, …
Vietnam-built hull for Norwegian subsea vessel heads to Norway for final outfitting Read More
Swedfund, the Swedish government’s development finance institution, has invested 15$ million in a new fund that supports growing businesses in Vietnam. The fund, called Excelsior Capital Vietnam Fund II, focuses …
Sweden invests 15$ million in Vietnamese business growth fund Read More
Finland and Indonesia have signed a new memorandum of understanding (MoU) on energy cooperation to strengthen collaboration in clean and renewable energy, energy efficiency, and sustainable technologies. The agreement also …
Finland and Indonesia deepen energy cooperation through new MoU Read More
The Norwegian Embassy in Hanoi, in collaboration with Norwegian research institute SINTEF and the Vietnam National Cement Association, hosted a workshop on October 3 titled “From Pilots to Policy: Addressing …
Norway and Vietnam explore co-processing as solution to plastic waste challenge Read More
IKEA Thailand has announced that it will not sell real Christmas trees this year, citing quality concerns with the products received. In a statement released on its official Facebook page, …
IKEA Thailand cancels sale of real Christmas trees Read More
Norwegian design firm Snøhetta is playing a key role in transforming Kota Kinabalu’s historic port into a modern hub for business and tourism through the ambitious Jesselton Docklands project. The …
Norwegian architects help shape Kota Kinabalu’s new waterfront vision Read More