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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Swedish fintech company Vilja has expanded its operations into Vietnam with a new development hub in Ho Chi Minh City, marking its latest move in Southeast Asia following earlier expansions …
Swedish fintech Vilja expands into Vietnam following growth in Malaysia and Thailand Read More
Danish pharmaceutical company Novo Nordisk joined forces with Thai authorities in a public-private initiative to promote healthier urban living. As part of World Obesity Day 2025, the company participated in …
Danish Novo Nordisk joins Bangkok’s efforts to combat obesity Read More
Bangkok has been ranked the tenth-best city in the world for rooftop views, according to a recent study by Heepsy. The study assessed cities based on skyscraper density, social media …
Bangkok ranks tenth globally for rooftop views Read More
Denmark’s Centre for Cyber Security (CFCS) announced on 13 March 2025 that it has raised the cyber threat level for the telecommunications sector from medium to high. The decision follows …
Denmark raises cyber threat level for telecom sector, cites espionage risks from China Read More
Krabi Spesialisten Co., Ltd., a Norwegian-owned tourism operator in Thailand, has been officially recognized as a Travelife Partner for its commitment to sustainable tourism. Travelife is an internationally recognized certification …
Krabi Spesialisten achieves Travelife Partner status for sustainable tourism Read More
EuroCham Myanmar, in collaboration with the European Union Delegation to Myanmar, will host an exclusive Breakfast Session for European Heads of Mission and Trade Attachés on Friday 21 March 2025. …
EuroCham Myanmar to host breakfast session for EU Heads of Mission Read More
Danish footwear and leather brand ECCO has named Malaysian singer-songwriter Yuna as the face of its Icons That Last campaign in Malaysia and Singapore for its Spring/Summer 2025 collection. The …
Danish ECCO partners with Malaysian music icon Yuna for campaign in Malaysia and Singapore Read More
A.P. Moller Capital has agreed to acquire 40% of the Philippine logistics company AC Logistics (ACL) from Ayala Corporation. AP Moller Capital is a subsidiary of the Danish shipping and …
Ayala Corp. to sell 40 percent stake in logistics arm to Danish logistics giant Read More
Plans for a SEK 13 billion large battery anode factory in Timrå, north of Sundsvall, have been entirely scrapped, according to Dagens Industri. The China-owned company Shanghai Putailai (PTL) was …
Huge Chinese battery investment in Sweden cancelled Read More
Volvo Cars’ new sedan model, the ES90, is manufactured in Chengdu, China, placing it at the center of the ongoing trade conflict between the United States and China. The launch …
Volvo Cars’ new ES90 model impacted by US-China trade conflict Read More
Last week, the Sino-Nordic Seminar in Hangzhou brought together key stakeholders to discuss water and green transition initiatives, reinforcing the growing collaboration between the Nordic countries and China in tackling …
Sino-Nordic seminar in hangzhou highlights water and green transition collaboration Read More
Norwegian premium salmon brand Frøya is now available in the Philippines, with fresh stock hitting the shelves at The Marketplace in Powerplant Mall Rockwell and EDSA Shangri-La Plaza. According to …
Norwegian premium salmon brand Frøya now available in Manila Read More
Jacqueline Poh, the Managing Director of Singapore’s Economic Development Board (EDB), has been awarded the prestigious NBAS Award by the Norwegian Business Association Singapore (NBAS). The award recognizes individuals or …
NBAS honors Jacqueline Poh for strengthening Norway-Singapore business ties Read More
The Embassy of Denmark in the Philippines recently hosted Andreas Nordseth, the Outgoing Director General of the Danish Maritime Authority, to strengthen maritime cooperation between Denmark and the Philippines. Andreas …
High-level visit strengthens maritime cooperation between Denmark and the Philippines Read More
The Thai-Norwegian Chamber of Commerce (TNCC) successfully hosted the “Brand Norway in Thailand – Norwegian Sustainability Business Ethics” roundtable on 27 February 2025 at the Amari Bangkok Hotel, bringing together …
Brand Norway roundtable highlights sustainability collaboration between Norway and Thailand Read More
El Salvador is pioneering a new era in luxury travel, where ancient Mayan wisdom intersects with the efficiency of digital currency innovation, embracing everything from Bitcoin to community-driven tokens like …
Sacred Mayan Sites to Crypto Suites: El Salvador’s Premium Travel Renaissance Read More
Thailand’s tourism industry is facing a crucial challenge due to new European Union (EU) sustainability regulations set to take effect in 2026. According to Nation Thailand, the EU’s Corporate Sustainability …
Thai hotels face EU sustainability challenge to remain on OTA’s Read More
Bavarian Nordic, a Danish biotechnology company specializing in vaccine development, was on 28 February 2025 granted marketing authorization in the EU for their chikungunya vaccine, VIMKUNYA®. Chikungunya is a mosquito-borne …
Bavarian Nordic secures EU approval for first chikungunya vaccine Read More
A recent investigation by Swedish Radio has uncovered that several Thai massage parlours associated with sexual services are listed on Epassi, a digital platform widely used in Sweden for wellness …
Thai massage parlours in Sweden accept wellness allowance to be used for sexual services Read More
Meat producer Danish Crown said on Thursday it had closed its factory in Pinghu in eastern China, resulting in the layoff of 112 employees. The facility, established in 2019 near …
Danish Crown shuts Pingdu plant and lays off staff Read More
Lars Lund Rasmussen, who served as Denmark’s Consul General in Chongqing, China, from February 2017 to August 2019, has taken on a new role as General Manager of Famobra GmbH’s …
Former Danish Consul General in Chongqing in new job in Asia Read More
The Svalbard Global Seed Vault, often referred to as the “doomsday” vault, has recently received over 14,000 new seed samples, including rice seeds from Thailand. This facility, located deep within …
Thai rice now deposited in the Svalbard Global Seed Vault Read More
China Evergrande Group’s electric vehicle (EV) unit has agreed to sell its 20% stake in Swedish real estate property lessor AB Trollhättan Propellern 13 for 60 million Swedish krona ($5.63 …
China Evergrande’s EV unit to sell 20% stake in Swedish firm for tax needs Read More
Norwegian Offshore Rental (NOR), a prominent provider of offshore equipment rental services, announced earlier this year its strategic expansion into the Asia-Pacific (APAC) market through the acquisition of Clockwise Subsea. …
Norwegian Offshore Rental Expands into Asia-Pacific with Acquisition of Clockwise Subsea Read More
The Danish Carlsberg Brewery Malaysia Berhad recently announced its financial results for the year ending 31 December 2024, recording an increase in revenue to RM2.4 billion and a rise in …
Carlsberg Malaysia Reports RM337 Million Net Profit – but declining sales in Singapore Read More
Swedish fashion retailer H&M has partnered with the creative agency We Are Social to enhance its content creator strategy and engagement across Asia. The collaboration, announced on Monday 25 February …
H&M strengthens content creator strategy in Asia with new partnership Read More
Trading is a world of numbers, screens and sharp suits – or so it looks from the outside. For the newbies, it’s like walking into a foreign country with a …
What Every Beginner Needs to Know About Trading Read More
100% sourdough. No cheating – is what is promised from the Danish-Norwegian-owned bakery, artisanal sandwich-café concept called BARTELS, with operations in Bangkok, Phuket and Saigon. Bartels, which is the surname …
New Danish Thailand-based sourdough bakery café business thrives in unexpected circumstances Read More
Indonesia is exploring opportunities to procure waste management technology from Denmark and Norway, according to the country’s Coordinating Ministry for Maritime Affairs and Investment. The ministry’s deputy for environmental and …
Indonesia seeks funding for Danish and Norwegian waste management technology Read More
Finnish renewable fuels producer Neste is now ready to serve the marine industry with renewable diesel, produced from 100% renewable raw materials, after a successful first delivery of the fuel …
Finnish Neste ready to deliver its renewable diesel in Singapore Read More
Singapore-based floater owner and operator Yinson Production has acquired 100% of the shares in Stella Maris CCS from UK floater company Altera Infrastructure. Stella Maris specializes in carbon capture and …
Yinson Production strengthens carbon capture presence with Norwegian acquisition Read More
Norwegian apparel brand Helly Hansen has been sold to American company Kontoor Brands, known for owning Wrangler and Lee, for approximately $900 million (around 10 billion NOK). Most of Helly …
Norwegian Helly Hansen acquired by Kontoor Brands for $900 Million Read More
Danish carbon reduction technology leader Topsoe has signed a Memorandum of Understanding (MoU) with Malaysia-based FatHopes Energy to assess the feasibility of developing a Sustainable Aviation Fuel (SAF) refinery in …
Danish Topsoe signs agreement with FatHopes Energy to explore sustainable aviation fuel production in Malaysia Read More
Novo Nordisk, the Danish pharmaceutical giant, has filed a lawsuit against Singapore-based KBP Biosciences and its founder, Huang Zhenhua, alleging KBP Biosciences misrepresented the effectiveness of an experimental hypertension drug, …
Novo Nordisk sues Singapore biotech firm over $1.3 billion acquisition dispute Read More
Sweden’s Syre Group has announced plans to invest between $700 million and $1 billion in a high-tech polyester fiber recycling facility in Binh Dinh province, central Vietnam. The proposed plant …
Swedish Textile Firm Syre Plans $1 Billion Polyester Recycling Plant in Central Vietnam Read More
Swedish solar technology company Midsummer AB has announced a strategic partnership with Eco On, Thailand’s leading solar energy solutions provider, to advance the country’s solar energy market by accelerating the …
Midsummer and Eco On partner to boost solar energy in Thailand Read More
The Deputy Governors of Bangkok, Assoc. Prof. Dr. Tavida Kamolvej and Mr. Sanon Wangsrangboon, and the Deputy Permanent Secretary, Mr. Sunthorn Sunthornchart from the Bangkok Metropolitan Administration met with the …
Collaborating for a healthier Bangkok Read More
Carlsberg Group, the Danish brewing company, reported a 1.9 percent increase in revenue in 2024, totaling DKK 75.01 billion ($10.37 billion), and a 2.8 percent rise in operating profit, reaching DKK …
Carlsberg strengthens position in China’s premium beer market Read More
Arriva Shipping, a Norwegian dry cargo specialist, has placed an order for a new dry cargo vessel with the Huanghai Shipbuilding Company in China. The vessel is expected to be …
Norway’s Arriva Shipping orders dry cargo vessel from Chinese builder Read More
IKEA Malaysia has expanded its reach by launching an online store specifically for customers in Sabah and Sarawak. This initiative allows residents in these regions to purchase IKEA products at …
IKEA Malaysia launches online store for customers in Sabah and Sarawak Read More
LEGO Group, the Danish toymaker known worldwide for its iconic plastic bricks, will in April this spring officially open its new $1.3 billion factory in Binh Duong province, southern Vietnam. …
$1.3 billion LEGO factory in Vietnam to open in April Read More
Danish Ambassador to Thailand and Cambodia, Danny Annan, is expected to visit Cambodia in the last week of February for a commercial visit, focusing on meeting Danish businesses operating in the …
Danish ambassador to visit Cambodia for commercial meetings Read More
Swedish Ambassador to Vietnam, Johan Ndisi, recently visited the Polarium factory in Hai Phong, highlighting the strong Swedish-Vietnamese cooperation in sustainable energy solutions. Polarium, a Swedish company specializing in safe, …
Swedish ambassador visits Polarium’s energy storage factory in Vietnam Read More
The Royal Norwegian Embassy in Manila, in collaboration with Seafood from Norway, recently hosted the first-ever seafood roundtable in the Philippines, bringing together key stakeholders to discuss opportunities for expanding …
Norway and the Philippines strengthen seafood trade ties at inaugural roundtable Read More
Norwegian maritime company Boa has placed an order for a semi-submersible heavy lift barge with Dalian Shipbuilding Offshore Co. in China, further strengthening maritime collaboration between Norway and China in …
Norwegian maritime company Boa orders heavy lift barge from Chinese shipyard Read More
Norwegian offshore service provider Olympic Subsea has placed an order for two next-generation offshore construction vessels (OCVs) to be built at the China Merchants Heavy Industry (CMHI) shipyard in Shenzhen. …
Norwegian offshore firm orders advanced construction vessels from Chinese shipyard Read More
The Embassy of Denmark in Vietnam invites on Thursday, February 13, 2025, from 14:00 to 16:30 (ICT), interested Vietnamese participants to join an online webinar on food loss and waste …
Danish webinar on reducing food waste in Vietnam Read More
Danish pharmaceutical company Novo Nordisk has expanded its presence in Thailand by reopening its renovated and enlarged office in Bangkok. The ceremony was attended by Danish Ambassador to Thailand, Danny …
Novo Nordisk expands office in Bangkok Read More
Danish shipping giant A.P. Moller-Maersk is collaborating with industry leaders to assess the feasibility of establishing a green ammonia bunkering supply chain in Singapore, the world’s busiest bunkering port. The …
Maersk exploring ammonia bunkering in Singapore Read More
Volvo, the Swedish automaker owned by China’s Zhejiang Geely Holding Group, has announced plans to shift the production of its EX30 and EX90 electric vehicle (EV) models from China to …
Volvo plan to move production due to China’s market pressures Read More