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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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
Singapore is set to gain six new Asia-North Europe shipping routes, while Maersk-controlled Tanjung Pelepas in Malaysia will lose two, as part of a global reshuffle in shipping alliances. This …
Maersk shifts focus as Singapore gains six Europe routes Read More
Swedish digital banking company Vilja has expanded into Thailand, marking its entry into the ASEAN market. At a launch event in Bangkok, the company signed partnerships with four local firms …
Swedish company Vilja enters Thailand to drive digital banking innovation Read More
Tempur, a global sleep solutions brand from Denmark, launched a new experiential showroom in Uptown Bonifacio, Taguig. This follows the success of the first Tempur cinema in the same location, …
Danish company Tempur opens immersive showroom in the Philippines Read More
CS MEDICA A/S, a Danish MedTech specializing in pain management, autoimmune diseases, and stress-related disorders, has reached what the company would call a milestone with their Cannasen Pain Patch being …
Danish Pain Patch approved in Malaysia Read More
Danish shipping company Mærsk has broken an internal ban on shipping through Russia. Mærsk admits the mistake to ShippingWath. The company Shanghai Tieyang Multi-Model Transportation (TMT) Co. Ltd., in which …
Shipping company Mærsk breaks internal ban on routes Read More
Danish company Danfoss Philippines Inc. has joined forces with the Bases Conversion and Development Authority (BCDA) to help lower carbon emissions and boost energy efficiency in New Clark City, Capas, …
Danfoss to reduce emissions in Philippines Read More
Norway’s frozen cod exports to China have surged through late summer, while the EU has increasingly relied on farmed cod to address a sharp decline in fresh wild cod imports. …
China boosts Norway’s frozen cod imports as EU shifts toward farmed supplies Read More
Thailand and Sweden are advancing urban agriculture with innovative vertical farming technologies. In Thailand, DiStar Fresh is pioneering a hyper-local farming model, addressing the challenges posed by the tropical climate. …
Thailand and Sweden lead sustainable urban farming revolution Read More
Swedish fashion retailer H&M and Shanghai Fashion Week will launch a new collaborative collection with independent Chinese designer brand Garçon By Garçon, featuring womenswear, menswear, unisex apparel and accessories pieces …
H&M and Shanghai Fashion Week launch collaborative collection Read More
Vietnamese tech giant FPT has opened its first office in Stockholm, Sweden, marking a major step into the Nordic market. Located in Lindholmen Science Park, Gothenburg, the office aims to …
Vietnamese FPT opens new office in Sweden Read More
Swedish retail giant IKEA and its sister company Ingka Centres are ramping up their expansion in Asia with two major projects. This month, Ingka Centres, IKEA’s sister company, is opening …
IKEA expands in Asia with new projects in Shanghai Read More
The European Commission has rejected proposals from Chinese electric vehicle (EV) makers to adjust their prices in an attempt to avoid steep tariffs. The tariffs follow a months-long investigation led …
EU rejects Chinese EV price adjustments, raising trade tensions Read More
In a milestone for Arctic shipping, two Chinese container ships, Flying Fish 1 and NewNew Star, recently crossed paths just 750 nautical miles from the North Pole, showcasing the increasing …
Historic first: Chinese container ships cross paths in Arctic waters, marking growth in Northern Sea Route shipping Read More
Danish company Copenhagen Offshore Partners (COP) is investing $3 billion in the Philippines’ first offshore wind power project, targeting to generate 1-gigawatt (GW) of energy. The San Miguel Bay project, …
Danish firm investing $30m in Philippines’ first offshore wind project Read More
The Odense Robotics cluster visited Singapore to explore new collaboration opportunities in robotics and automation. Organized by the Danish Embassy in Singapore, the visit aimed to assess how Danish expertise …
Denmark and Singapore strengthen robotics ties Read More
A new EU law set to take effect on December 30 has sparked concern in Indonesia’s palm oil industry. Eddy Martono, head of the Indonesian Palm Oil Association (GAPKI), told …
New EU law sparks concern in Indonesia’s palm oil industry Read More
Several Chinese electric vehicle (EV) manufacturers are moving production to Europe. This is in response to the European Union’s increased import tariffs on EVs made in China. The EU’s new …
Chinese EV manufacturers shift production to Europe in response to EU tariffs Read More
A new study from Roskilde University has uncovered a significant connection between air pollution and increased infertility risk among Danish men. According to the research, for every 5 micrograms per …
Air pollution linked to infertility risk for Danish men, China in similar concerns Read More