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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On October 27, 2024, the Vietnamese Ministry of Information and Communication honored 10 dedicated Swedish journalists for their significant contributions to the development of Vietnamese journalism. This recognition is part …
Swedish journalists in Vietnam honored for contributions to media Read More
Finland’s Minister for Foreign Trade and Development, Ville Tavio, led a Finnish business delegation to the Philippines from October 24-25. Companies like Wärtsilä Corp., KONE, and Ramboll Finland Oy joined …
Finnish delegation explores business opportunities in Philippines Read More
Filipino rock legend Ely Buendia surprised shoppers at IKEA Pasay City with a pajama-clad performance as part of the retailer’s Sleep Campaign. During the special event, Buendia serenaded attendees with …
Filipino Ely Buendia performs in pajamas for IKEA’s sleep campaign Read More
Chinese online store Temu is getting criticized for selling copies of Danish designs. This includes furniture and home decor, according to TV2. Danish design companies have found items on Temu …
Chinese Temu sells imitations of iconic Danish design Read More
Copenhagen Energy has received the Green Lane Certification from the Philippine Board of Investments, energynews reports. This allows the company to quickly move forward with its BuhaWind projects. The certification …
Copenhagen Energy secures certification for wind projects in the Philippines Read More
A recent report highlights that Chinese sellers on Temu are avoiding mandatory e-waste payments, which negatively impacts compliant Danish businesses. This situation results in compliant companies shouldering the financial burden …
Temu sellers avoid E-Waste payments, burdening Danish businesses Read More
Den Norske Bank (DNB) has announced its acquisition Carnegie Holding AB for about SEK 12 billion. This purchase will create DNB Carnegie, a new company combining both banks’ expertise in …
DNB acquires Carnegie, expands globally Read More
Copenhagen Infrastructure Partners (CIP) has become the first company to secure a pre-development Environmental Compliance Certificate for an offshore wind project in the Philippines. Granted by the Department of Environment …
CIP secures landmark approval for offshore wind project in the Philippines Read More
IKEA, the renowned Swedish furniture and home décor brand, is set to expand its presence in Thailand with the opening of a new branch in Chiang Mai, scheduled for 2025. …
IKEA plans to open fifth store in Chiang Mai by 2025 Read More
LEGO Group has launched a new campaign in Malaysia to promote creative play and family bonding in response to concerns over declining playtime opportunities. The campaign, titled “#LEGOSerlahkanKreativitiAndaMY,” is part …
LEGO launches campaign in Malaysia to encourage play Read More
Norway and Finland are key participants at this year’s Eco Expo Asia, held from October 30 to November 2 at Hong Kong’s AsiaWorld-Expo. The event, featuring over 300 exhibitors from …
Norway and Finland showcase innovations at Eco Expo Asia 2024 Read More
The Chinese shopping platform Temu continues to attract Danish consumers with its low prices. However, many shoppers are left questioning why they pay significantly more for similar items on European …
Danish consumers: Temu shopping platform sparks price disparities Read More
Finnish company Wartsila is ready to assist Vietnam in its energy transition with innovative internal combustion engine (ICE) technology. According to Wartsila’s vice president, Frederic Carron, this flexible ICE system …
Finnish company Wartsila to support Vietnam’s green energy transition Read More
BDMS Wellness Clinic, in collaboration with Bangkok Cancer Hospital Wattanosoth, organized the event “Voice of Care for Breast Cancer,” led by Dr. Tanupol Virunhagarun, M.D.,Chief Executive Officer of BDMS Wellness …
Voice of Care for Breast Cancer Event Read More
Swedish furniture giant IKEA has urged the Chinese government to introduce additional stimulus measures. This request arises as China faces a prolonged property crisis and ongoing economic challenges. Recently, the …
IKEA urges more stimulus support in China Read More
Swedish company Assa Abloy Group has launched a new $30 million factory in Hai Phong, Vietnam. As a leader in entrance automation and door control, the company plans to export …
Swedish company Assa Abloy opens $30 million factory in Vietnam Read More
Zeekr, the premium electric vehicle (EV) subsidiary of Geely, has announced its entry into Norway. The company will begin taking orders for the Zeekr 001 and Zeekr X later this …
Zeekr Makes Foray into Norway Read More
Cyan Renewables and Blue Water shipping enter new partnership to find new solutions for the offshore wind sector in the Asia Pacific. Singapore-based Cyan Renewables, focused on offshore wind vessels, …
Cyan Renewables and Blue Water shipping enter new partnership Read More
Danish hearing brand Audientes A/S and Chinese partner Shenzhen Hengtong have won first prize in the Electronic Information category at the “Tide Rising in the East, Winning in Haining” Entrepreneurship …
Danish hearing brand and Chinese partner win entrepreneurship competition Read More
Ikano Retail, the franchise holder for IKEA in Thailand, reported a year-on-year sales growth of 3.9%, with total revenue exceeding 10 billion baht (approximately €286 million). The company operates four …
Ikano Retail achieves revenue growth in Thailand Read More
A new Roll-on/Roll-off (RoRo) service – used to transport vehicles and other wheeled cargo – now connects the Port of Gothenburg with key ports in Asia. This includes Singapore and …
New shipping service connects Gothenburg and Asia Read More
On October 4, 2024, Charoen Pokphand Group (C.P. Group) hosted a collaborative discussion focused on C.P. Group sustainability initiatives. This meeting involved representatives from the Embassy of Finland in Thailand and …
VTT and C.P. Group discuss sustainability in Thailand Read More
IKEA Singapore is cutting prices on more than 550 popular and essential items to help customers deal with rising living costs. The price reductions come as part of IKEA’s effort …
IKEA Singapore lowers prices to help with rising costs Read More
As Indonesia strides toward its ambitious energy transition, the country encounters significant challenges while awaiting promised financial support from developed nations. Recently, the Just Energy Transition Partnership (JETP) allocated a …
Indonesia awaiting financial support from western countries, including Norway and Denmark Read More
Heifer number TS 660012 is one of eight young cows at the Thai Danish Dairy Farm in Muak Lek that have had an embryo of a Red Danish Milking cow …
Am I pregnant? Read More
Shein’s upcoming investor meetings Shein, the online fashion retailer founded in China, is set to hold informal investor meetings in Europe as it prepares for its anticipated initial public offering …
Shein plans London IPO, raising concerns in Scandinavia Read More
The Nordic Business Awards 2024, hosted by the Nordic Chamber of Commerce in Vietnam (NordCham), highlighted the achievements of Nordic businesses in the country. The event took place on September …
Nordic Business Awards 2024 celebrate excellence in Vietnam Read More
The Sweden-Thailand Sustainable Development Forum 2024 took place at the Queen Sirikit National Convention Centre in Bangkok. This event, part of the Sustainability Expo (SX 2024), marks the fourth year …
Sweden and Thailand reinforce sustainability ties at 2024 forum Read More
The Volvo EX30, a compact electric SUV, will be showcased at Sime Darby Swedish Auto in Ara Damansara on October 5. This marks the model’s debut in Malaysia, offering a …
Volvo EX30 launches in Malaysian Showroom Read More
Carlsberg and Grab Cambodia have partnered to promote responsible drinking in Cambodia. The collaboration, announced on September 27, is part of Carlsberg’s #CelebrateResponsibly campaign. The year-long initiative aims to reduce …
Carlsberg and Grab Cambodia partner up to promote responsible drinking Read More
The Swedish networking and telecommunications company Ericsson, in collaboration with Digital Nasional Berhad (DNB) and Radio Televisyen Malaysia (RTM), achieved Malaysia’s first 5G-powered live broadcast during the 2024 National Day …
Ericsson achieve Malaysia’s first 5G-powered live broadcast at National Day Parade Read More
Hafnia Limited, a Danish leader in tanker operations, has officially moved its corporate base from Bermuda to Singapore. This strategic relocation aims to enhance the company’s operational efficiency in Asia. …
Danish company Hafnia successfully relocates to Singapore Read More
Last week, we reported that Saxo Bank closed its office in Hong Kong, but were unable to obtain a statement. Yesterday, Saxo Bank A/S, the Denmark-based trading platform, officially announced …
Saxo Bank explains Hong Kong closure Read More
Finnish investment firm PYN Elite is showing strong support for Vietnamese banks by dedicating half of its portfolio to them. This highlights PYN Elite’s confidence in the growth potential of …
Finnish investment firm PYN Elite bets big on Vietnamese Banks Read More
IKEA has partnered with the Mirror Foundation to assist flood victims in Northern Thailand, encouraging customers to donate IKEA furniture to help restore the homes of those affected. On September …
IKEA joins forces with Mirror Foundation to support flood victims in Northern Thailand Read More
Vard Vung Tau, a Vietnamese shipyard, has started constructing a new commissioning service operation vessel (CSOV) for the Norwegian company Edda Wind. This milestone, marked by the keel laying, is …
Vard Vung Tau constructs a new CSOV for Edda Wind Read More
The Royal Norwegian Embassy in Manila and the Department of Environment and Natural Resources (DENR) hosted a workshop to introduce the Deposit Return System (DRS) in the Philippines. Held at …
Norway helps Philippines launch deposit return system Read More
Norbreeze Group, a Singapore-based company, has appointed Danish Stig Maasbøl as its new chairman, effective August 2024. Maasbøl brings over 30 years of leadership experience, as he currently serves as …
Norbreeze Group appoints Stig Maasbøl as new chairman Read More
IKEA is opening smaller, more convenient stores in China to better meet customer needs as the economy slows and competition grows. The company has already started testing these smaller formats …
IKEA expands with smaller stores in China Read More
The Danish government’s controversial proposal to allow the import of medication from several Asian countries, such as Thailand, India, and China, has stirred a significant debate that reaches beyond Danish …
Danish government considers medication imports from Asia, including Thailand and China Read More
Photo: Facebookpage of the Malaysian Embassy HelsinkiThe Malaysian Embassy in Helsinki, currently chairing the ASEAN Helsinki Committee for 2024, has taken steps to strengthen ties between Southeast Asia and Scandinavia. …
ASEAN and Finland forge new ties through Malaysian Embassy initiative Read More
Danish Ambassador supports Philippines Danish Ambassador to the Philippines, Franz-Michael Mellbin, warned of rising global instability, highlighting concerns over nations seeking to reshape the international order for their national interests. …
Danish Ambassador supports Philippines amid global tensions Read More
Denmark’s A.P. Moller Holding is looking to expand its investments in Vietnam by constructing large-scale deep-water container ports and enhancing logistics infrastructure. During a meeting in Hanoi on September 23, …
Denmark’s A.P. Moller Holding explores investments in Vietnamese seaports Read More
On September 23, the Nordics for Climate Action and Shanghai Climate Week announced a series of sustainability events aimed at engaging the public in climate innovation. The events will run …
Nordic sustainability events launched in Shanghai Read More
Finnish tech giant Nokia and Vietnam’s leading telecom provider Viettel have announced plans to jointly deploy 5G equipment across 22 provinces in Vietnam by the end of 2024. This marks …
Nokia and Viettel roll out 5G across Vietnam Read More
Lime Petroleum, a Norwegian subsidiary of Singapore’s Rex International, is increasing its stake in the North Sea oil field operated by Repsol Norge. This move follows a deal with OKEA, …
Lime Petroleum boosts stake in North Sea oil Read More
Denmark-based Saxo Bank, headquartered in Copenhagen, announced plans to close its offices in Hong Kong and Shanghai. It will also scale back operations in Tokyo, according to Nikkei Asia. The …
Saxo Bank close Hong Kong and China offices Read More
Several international brands are successfully navigating the challenging Chinese market, with a particular focus on premium offerings. Finnish-Chinese owned company Amer Sports, which owns the outdoor apparel brand Arc’teryx, reported …
Finnish owned brand find growth in China despite consumer caution Read More
Viking Cruises, the Norwegian cruise line, has launched its first luxury coastal cruise for international tourists in China. This marks a significant investment in the country’s booming travel sector. On …
Norwegian cruiseline launches luxury China tour Read More
From humble beginnings as a personal gym trainer in Hanoi to setting up a manufacturing plant of bespoke gym equipment in Bangkok, it has been a long and interesting journey …
Fysik: Swedish-Thai designer and producer of bespoke fitness gear Read More