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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China is set to overtake Germany as the largest market for Hennes & Mauritz (H&M), the world’s second-largest apparel retailer, a fashion website reports. It is because the pace of …
China soon to replace Germany as H&M’s largest market Read More
On billboards across Beijing, in subway stations and on banners outside its stores, China Mobile Ltd. is inviting subscribers to “Change Phones for the New Year!” with Nokia Oyj’s Lumia …
Nokia’s Chinese New Year goal might fall due to ‘delivery shortages’ Read MoreChinese windmill company Envision is chasing foothold on the European market and Danish knowledge is key. Right now the EWEA-windmill fair in Vienna is taking place. Present is Envision who with …
Chinese use Danish expertise to enter European market Read More
Oslo now ranks the forth most expensive city to live in among all cities in the world, up 1 place compared with last year’s ranking, a survey conducted by The Economist …
Oslo 4th most expensive city to live in; Singapore ranked 6th Read MoreDanish produced Chinese shoes are a hit. Ulla Hentze has taken the traditional Gong Fu shoe also known simply as “China shoes” and given it a Scandinavian design. It has …
Dane reinvents Chinese shoes Read MoreOne of the largest companies in Sweden that produce glass screens for touch screens used in tablets, smartphones and laptops will be setting up shop in Malmö. Zhonghuan Hi-Tech will act …
One of China’s largest companies has chosen Malmö as the location for its European headquarters. Read More
This year Finnair celebrates 90 years of operation. Mr. Nick Naung Naung, Finnair’s Country Sales Manager based in Singapore, shares the airline’s vision and its success story. …
Finnair marks 90th anniversary Read MoreDuring a breakfast seminar on Jan 29 at the Swedish embassy, Mr Peter Cederholm, the Market Unit Manager Vietnam presented the findings to representatives of Swedish businesses. The Swedish Ambassador, …
Business Sweden reveals Vietnam’s market analysis Read More
The state-run Dairy Farming Promotion Organization of Thailand (DPO), maker of the Thai-Danish milk brand, is moving into other Asean markets with the hope of developing regional recognition, according to …
Thai-Danish milk company enters Asean market Read MoreThe Danish brewery Carlsberg is moving into Myanmar calling it an important milestone in an expansion adventure in Asia. “We have been following the development in Myanmar closely and have …
Carlsberg starts brewing beer in Myanmar Read MoreEven though Denmark, Sweden, Norway and Finland are neighbours there is a big difference in management between the Nordic countries. Gillian Warner-Søderholm, who teaches at The Institute of Communications, Culture …
Scandinavian management – The four types of Viking bosses Read More
Finnair’s partner Malaysia Airlines becomes a full member of the oneworld alliance on Feb 1 following their code-share agreement that began in November last year. The 125 million members of …
Malaysia Airlines becomes oneworld alliance member Read MoreDong Feng, owners of a Chinese truckmaker in which Volvo recently purchased a 45 percent stake, has been blacklisted by a major Swedish state pension fund for allegedly violating a United Nations …
Volvo partner blacklisted by Swedish state pension fund Read MoreThe Danish toy giant Lego is considering to start its production base in Asia. “There are many places we are considering the options: Malaysia, Indonesia and Thailand, and China,” Lego head of …
Lego can be ‘Made in China’ Read More
Nokia on Jan 29 has green-lit another $250m in investment into mobile ecosystem development, with the company’s Nokia Growth Partners venture firm targeting China as an area of huge potential growth, a …
Nokia invests $250 million in venture funding with China focus Read MoreDanish luxury stereo and television maker Bang & Olufsen said on Jan 29 it had signed a deal with Chinese partner Sparkle Roll to open more than 50 new stores …
B&O partner to open 50 ‘Play’ stores in China Read More
Hanoi brewery Habeco and Denmark-backed brewery Carlsberg are negotiating for a higher-level strategic cooperation deal, according to Vietnam Investment Review. The local press stated that under the potential deal, Carlsberg …
Carlsberg set to raise presence in Vietnam brewery Read MoreMonday the 28th of January the opening ceremony of Grundfos China concept store was held at the store location at Daning Central Square, Zhabei District in Shanghai. The ceremony featured …
Opening ceremony of Grundfos concept store in Shanghai Read MoreSwedish truckmaker Volvo claims to have become the largest global manufacturer of heavy trucks after completing the purchase of 45 percent of Chinese firm Dongfeng Commercial Vehicles (DFCV), Swedish The Local reported. …
Volvo to become world’s largest truck maker with Dongfeng Read More
Danish Wind turbine giant Vestas is losing market share in the Chinese wind market, which is currently dominated by local manufacturers such as Goldwind, Guodian United Power, Sinovel and Ming …
Vestas losing ground in China Read More
When Danish pigs are slaughtered and the meat exported, it is not just bacon and ham that are being sent off. The containers filled with Danish pig tits have been …
Danish pig tits proved ‘hit’ in Thailand Read More
Norway-based Nordic American Tankers appears to have cashed in on Unipec’s insatiable appetite for tonnage, a Trade Wind News report said. Brokers claim the Chinese trading giant has paid $3.3m to …
Chinese Unipec turns to Nordic Read More
SAAB Automobile is raising fresh hopes in its Swedish hometown as the mothballed brand gears up for another revival, more than a year after it went bankrupt, reported Shanghai Daily. …
SAAB hometown prays for Chinese electric revival Read MoreNorwegian bioplastics maker BioBag International AS and Thailand’s Thantawan Industry Public Co. Ltd. are setting up a partnership to manufacture BioBag products in Thailand, which will be the Scandinavian company’s …
Norway’s bioplastic maker partners with Thai company Read MoreThe Burmese government on Jan 15 has issued a call for Expressions Of Interest (EOI) in the tender for two nationwide telecommunications services licences. A total of four telecoms licences …
Telenor could earn license in Myanmar Read More
Scandinavian airline SAS on Jan 14 sought a deal with the last union opposing its plans for severe cost cuts aimed at avoiding bankruptcy and securing the airline’s long-term future. …
SAS eyes final union deal for survival Read More
Finland is considering increasing its holdings in mining companies including Outotec Oyj (OTE1V) as the government’s investment unit bets demand out of China will drive profits, Bloomberg reported. “What happens …
Finland aims to drive profits from mining in China Read More
Chef Chua Guo Sen and his assistant Lee Fu Seng from Sky on 57 emerged as champions in the 4th Otto Weibel & Norwegian Seafood Scholarship Competition held on January …
Young chefs won Otto Weibel & Norwegian Seafood Scholarship Read More
An international environmental group Monday voiced concerns over the impact in which the expanded hydropower dam project in central Laos may generate to the livelihoods of people living in the …
Norwegian-supported hydropower dam’s expansion upsets NGO Read MoreSu Siqi was named the winner of Miss Happiness Competition 2013, a pageant searching for the new image ambassador, spokesperson for Kopenhagen Fur in Beijing. Over 500 VIP guests attended …
Kopenhagen Fur selected Miss Happiness 2013 Read More
ISDA – the Inle Special Development Association will grow fruit and vegetables with reduced use of chemicals, mainly for foreign consumers. According to the Myanmar Times, the Inle-based organization will …
Norwegian-funded project helps Myanmar grow produce Read MoreSwedish home furnishing retailer Inter Ikea Group might acquire a stake in property developer Sentul City as it enters the Indonesian market. Ikea might buy the stake through its subsidiary …
Ikea may buy part of Sentul City Read MoreOn Jan 9, an Indonesian city of Palu has signed a contract with Biogas Systems AB on the renewable energy project. Palu City, represented by the Vice Mayor of Palu, …
Palu City and Swedish company signed a biogas plant contract Read More
The Danish car designer Henrik Fisker tries to rise new funding for his car company in China. The company has not built a car in six months, Reuters news agency …
Danish car designer looking to China for salvation Read More
Swedish carmaker Volvo, owned by China’s Geely, expects a tough 2013 as it said the company’s sales fell 6.1 percent last year, including double-digit drops in China and Sweden and …
Volvo sees tough 2013 as its sales dropped last year Read MoreWhen was the last time you rented a car to move around on a business trip or a planned family vacation? Do you recall what kind of an experience did …
Top 3 Car Trouble Tips In Asia Read More
Finnish battery maker European Batteries Oy will build a production center in north China’s city of Tianjin, local officials confirmed on Tuesday. According to China Daily, the center, located in …
Finnish battery maker builds plant in Tianjin Read More
Finnair has been ranked as the world’s safest airline in the 2012 JACDEC Safety Index. This is the first time Finland’s national carrier has topped the rankings. After Finnair came …
Finnair is world’s safest airline; China Airlines ranked last Read More
Finnish Wärtsilä and Yuchai Marine Power,a subsidiary of Guangxi Yuchai Group, have established a joint venture for manufacturing medium-speed marine engines in Zhuhai City, Guangdong Province, China. The 50/50 joint …
Wärtsilä establishes joint venture in China Read More
On Dec. 9, 2012, Models from nearly 40 Danish fashion houses joined the World-record breaking 3.2 kilometers runway show in Hong Kong. A catwalk show “The World’s Greatest Catwalk” was …
Denmark helped organize world’s longest catwalk Read More
Qingdao Qingbo Investment, State Power Group, and NBE Sweden AB signed an agreement on Jan 7 to build Saab cars in Qingdao, Shandong province, China. The three parties involved pledged …
Saab to build factories in Qingdao, China Read More
After a speculation over this year’s recession period being extended to the forth quarter, some of businesses in Finland have already set their eyes on the international markets for help. …
China and Vietnam, Finland’s Tsunami rescuers Read More
A Malaysian columnist for the New Straits Times has suggested Malaysian companies the key to dealing business with their Danish counterparts: “It’s not just about profit.” In an opinion piece …
Key to deal business with Danes Read More
Pocket Playlab, a Bangkok-based developer and publisher of mobile games, founded by young Danish entrepreneurs, has introduced its latest iOS (soon to be on Android) game application, “Lost Cubes.” And …
Pocket Playlab launches ‘Lost Cubes’ Read More
TUI Travel is aiming to drive more business to Thailand this year, following the roll-out of its new Boeing 787 Dreamliners, reports Travel Daily Media. Europe’s largest leisure travel company …
TUI to lead off direct flights from Scandinavian cities to Phuket Read MoreThe Phuket News recently published an article by Jerry Dingley and Tim Whiteley, informing its readers about a new regulation that allows Thai banks to give loans to foreigners who …
Mortgages for foreigners available again in Thailand Read More
Thoresen Shipping, a Singapore-based leading owner and operator of dry bulk vessels, on January 3, announced the opening of its first commercial office in Denmark. The move represents Thoresen Shipping’s …
Thoresen Shipping opens European chartering office in Denmark Read More
Norwegian Telenor ASA is not opposed to further increasing its stake in DiGi.Com Bhd but will decide on the exact percentage once the Malaysian Government issues more details on …
Telenor awaits to raise stakes in Malaysia’s Digi Read MoreChina plans to invest billions in green technology and Danish minister of trade, Pia Olsen Dyhr says that Denmark got the solution needed by China. An investment of 320 billion …
Denmark ready to help China to reach its green goals Read More
Norwegian classification society Det Norske Veritas (DNV) and German classification society Germanischer Lloyd have agreed to merge their respective businesses in 2013. The new entity will be called DNV GL …
DNV and GL announce merger Read More