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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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
Its ‘Micro housing’ is making inroads in Oceanian countries Despite all the hardships, many new businesses and ideas could be brought to fruition as a result of Covid-19. Kubikle, a …
Danish-owned Kubikle rolls out innovation to deliver space-efficient, customisable living spaces Read More
Fimue Coffee & Music Social Club, a new café and community space, celebrated its grand opening on Sunday, 9 February 2025, in the heart of Chiang Mai. The event welcomed …
Fimue Coffee & Music Social Club brings Nordic vintage charm to Chiang Mai Read More
In a recent interview with Recharge, Trond Westlie, Ørsted’s Chief Financial Officer, emphasized that the current market for offshore wind assets favors buyers. He noted that selling stakes in offshore …
Ørsted CFO: Asia remains key focus Read More
Denmark’s hearing technology sector continues to make strides globally, with its latest innovations gaining attention for their impact on hearing health. Danish companies, known for their cutting-edge advancements in hearing …
Danish hearing technology gains global traction, eyes Asian markets Read More
Finnair has announced that up to 90 pilots could face job cuts unless negotiations with unions lead to an agreement on increased standby duties and overtime work. The Finnish airline, …
Finnair: Up to 90 pilots could lose their job Read More
The Vietnam International Trade Fair for Apparel, Textiles, and Textile Technologies (VIATT) is set to take place in Ho Chi Minh City from February 26–28, 2025, bringing together industry leaders …
Swedish textile technology at international trade fair in Vietnam Read More
A groundbreaking collaboration between Chinese and Swedish scientists has resulted in the development of a new rice variety that could significantly reduce global methane emissions while maintaining high yields. The …
Chinese-Swedish research breakthrough creates rice with 70% lower methane emissions Read More
A popular Finnish flea market chain, Jussin Jättikirpis, has implemented a groundbreaking ban on fast fashion items at their locations, with their Porvoo branch leading the initiative against quickly produced, …
Finnish flea market chain takes stand against Chinese fast fashion Read More
AstraZeneca announced that it could face a fine of up to $4.5 million in China over suspected unpaid import taxes, a figure significantly lower than some investors had feared. The …
AstraZeneca reassures investors as China tax probe impact appears limited Read More
The Anglo-Swedish pharmaceutical giant AstraZeneca faces mounting pressure from shareholders regarding ongoing investigations in China, one of its key markets. The concerns emerged after the detention of Leon Wang, the …
Nordic investors seek clarity on AstraZeneca’s China investigations Read More
Singaporean StarHub has successfully completed its nationwide rollout of Nokia’s XGS-PON technology, enabling homes across Singapore to access 10 Gbps internet speeds. This makes StarHub the first operator in Singapore …
StarHub and Nokia launch Singapore’s first nationwide 10 Gbps broadband network Read More
Swedish automotive safety leader Autoliv, Inc. is set to start operations at its new airbag cushion plant in Quang Ninh province, northern Vietnam, in November 2025. The facility, located in …
Sweden’s Autoliv to open airbag cushion plant in northern Vietnam Read More
Oslo welcomed on 30 January 2025 its first Indonesian restaurant, Boboko, located in the Vika Nationaltheatret area at Via Village. The grand opening was graced by the presence of Indonesian …
First Indonesian Restaurant in Oslo opened by Ambassador Read More
Vietnam’s textile and garment sector has the potential to strengthen its presence in the Nordic market by integrating sustainability with traditional craftsmanship, according to Nguyen Thi Hoang Thuy, Trade Counselor …
Vietnam’s textile industry eyes Nordic market with sustainability and cultural heritage Read More
Carlsberg is celebrating the Year of the Snake with a specially designed limited-edition look for its beer, created in collaboration with the artistic duo 1983ASIA. The Danish brewer has launched …
Carlsberg unveils limited-edition design for Lunar New Year campaign across Asia Read More
Vietnamese labor export companies are increasingly exploring new markets, including the Nordic countries, to provide job opportunities for workers. For instance, East Sea Labor Export, Services, and Trade (Estrala) in …
Vietnamese labor export firms target Nordic markets for growth Read More
Vietnamese businesses should enhance their exports to the European Union (EU) through official channels, despite the associated complexities and costs, recommends an article in VietnamPlus.vn. Senior economist Nguyen Thanh Hung …
Vietnamese businesses urged to expand EU exports through official channels Read More
Swedish authorities detained a Chinese citizen on 29 January 2025 after he was found operating a drone over Stockholm’s government district, according to a report by Aftonbladet. The individual was …
Chinese citizens suspected of drone activity over Swedish government buildings Read More
The shift towards sustainable consumption in the Nordic countries is creating new opportunities for Vietnamese businesses, particularly in the agricultural sector. Nordic consumers are increasingly demanding organic and eco-friendly products, …
Nordic green transition opens doors for vietnamese exporters Read More