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 LEGO Group has made its travel retail debut in Singapore by opening two new stores at Changi Airport. The new LEGO Airport Stores are located at Terminal 3 and …
LEGO Group opens two shops at Changi Airport in Singapore Read More
The Swedish fast fashion giant, H&M, unveiled a China design hub at the China International Import Expo (CIIE) in Shanghai, this week. The initiative aims to enhance the localization of …
H&M launches Chinese design hub at CIIE Read More
Thai fashion retailer, Jaspal Plc, secured the rights to import and distribute products of the Finnish brand Marimekko in Vietnam and Malaysia. It also was appointed to handle the import …
Thai fashion house Jaspal secures rights to import and distribute Marimekko and others Read More
During the ongoing China International Import Expo (CIIE), a senior executive from Danish Arla Foods stated, that despite market fluctuations, China continues to be the largest infant formula market globally. …
Danish Arla committed to Chinese infant formula market Read More
“China is a very important partner for Denmark and Danish companies. The two countries will see increased trade and cooperation in the future,” said Jacob Jensen, Denmark’s minister for food, …
Danish minister focusing on further cooperation with China Read More
The Norwegian seafood industry has expanded its presence in the Chinese market through the China International Import Expo (CIIE). This is according to Andreas Thorud, the director for China and …
Norwegian seafood expands in the Chinese market via CIIE Read More
Nordlaks sent its first shipment of salmon directly to Asia by flight from Evenes in Norway, On Tuesday, November 7. The Norwegian company has stated, that they will continue to …
Nordlaks sends salmon to Asia by direct flight Read More
Laos is planning to boost its wood businesses and wood exports to markets of the European Union (EU) countries. Following the attempt, a workshop addressing guides on high value-added wood …
Laos plans to boost wood export to EU markets Read More
Chef Nilas Corneliussen, Swedish/Danish (mother Danish/father Swedish). Came to Thailand to do Thai boxing, was forced to stop due to an injury. Studied economy at The University of Bangkok. Was …
Chef Nilas at Villa Franzén Read More
Norwegian oil company Aker BP and construction firm Aibel held the first steel cutting ceremony for the Munin platform in Thailand. A platform which is being built for the Yggdrasil …
Steel cutting ceremony in Thailand for Norwegian platform Read More
Southeast Asian SME digital finance platform, Funding Societies, secures US$7.5 million in debt funding from Norfund. A Norwegian Development Financial Institution (DFI). This marks the first debt transaction done by …
Norway funds Southeast Asian enterprises Read More
Japanese Sapporo Breweries will team up with Danish Carlsberg Group to sell its alcoholic beverages in both Hong Kong, Malaysia and Singapore. The target is to annually sell the equivalent …
Sapporo and Carlsberg team up in Southeast Asia Read More
Scandinavian Airlines (SAS) launched direct flights from Copenhagen, Denmark to Bangkok, Thailand after a ten-year absence. “Thailand and the Scandinavian countries have a long history of friendship and cooperation and …
Scandinavian Airlines resumes direct flights between Copenhagen and Bangkok Read More
Malaysian cybersecurity company LGMS Bhd has signed a partnership agreement with Finnish likeminded company WithSecure to develop cybersecurity solutions. Specifically for local small and medium enterprises (SMEs) in Malaysia. The …
Malaysia partners with Finland to develop cybersecurity Read More
Chinese telecommunication corporation, Huawei, launched a new Health Lab in Helsinki, Finland to serve as a research platform for the company’s health and fitness sector. The laboratory is equipped with …
Huawei develops new Health Lab in Finland Read More
Last week, the Swedish Development Finance Institution Swedfund visited Hanoi to look for ways to optimize collaboration with Vietnamese counterparts, focusing on green transition. A highlight from the visit was …
Swedfund visited Hanoi Read More
Joint energy venture between Aboitiz Power Corp. and Norwegian Scatec, SN Aboitiz Power Group (SNAP), said it aims to continue adopting sustainable practices to help reduce impacts of climate change. …
Filipino-Norwegian firm SNAP reduce impacts of climate change Read More
Norwegian medical company, Somamed AS, has had an increase in its annual sales by 450% since they moved its production to Vietnam, the Norwegian Embassy in Hanoi writes on Facebook. …
Norwegian ‘Rhino Horns’ increase in sale after partnership with Vietnam Read More
The Swedish furniture retailer IKEA will open its new branch, “IKEA Sukhumvit” under the “City-Center Store” concept at Sukhumvit, Bangkok, Thailand on the first of December 2023. The new store …
IKEA to open new branch at Sukhumvit of Bangkok in December Read More
The world’s friendliest indoor activity park ‘Superpark’ has come to the Philippines. Originated from Finland, the park was invented by Taneli Sutinen whose daughter would encourage her dad to come …
Finnish famous indoor activity park has come to the Philippines Read More
China has become the biggest Asian market for Norwegian salmon, surpassing Japan and South Korea for the first time ever this year, according to Yicai Global. Norway exported NOK5.6 billion …
China becomes No.1 Asian market for Norwegian salmon Read More
The beginning of October marked a remarkable milestone in the Danish health collaboration with the Vietnamese Ministry of Health and Thai Binh Province, as they have put together a training …
New Danish-Vietnamese health training programme settled Read More
Last week, Ann Måwe, Swedish Ambassador to Vietnam, visited Son La & Dien Bien provinces on a field trip. The trip was with The International Council for Research in Agroforestry …
Swedish Ambassador to Vietnam on field trip in Dien Bien Phu Read More
The Danish Embassy in Thailand is hosting a visit by the Danish Environmental Protection Agency (Miljøstyrelsen) to advance collaboration on the bio-circular-green agenda. On Wednesday 25 October 2023, the Danish …
Danish visit to strengthen Thai circular economy Read More
Norwegian telecom company Telenor reported that its earnings in the third-quarter reached above expectations due to growing mobile service revenue and lower energy prices in the Nordics. “The third quarter …
Telenor reports “solid growth and earnings” in third quarter Read More
Thailand’s four-year national innovation plan of Srettha Thavisin’ government is set to elevate the country’s technology and innovation sectors and increase more numbers of startups, beginning in 2024. Thailand aims …
Thailand plans to elevate technology sector and increase numbers of new startups Read More
In the heart of Bali, hidden away from the hustle and bustle of modern life, lies an oasis that defies the ordinary. Originally envisioned by Swedish Magnus Falk as a …
Unveil the mysteries of Bali in Swedish owned Nandini Jungle Resort and Spa Read More
Malaysia got its first energy storage system for electric car charging stations last week, with some help from the Norwegian company Pixii, who provides complete systems that transfer energy from …
Malaysia gets its first energy storage systems from Norway Read More
Singapore-based insurance technology (Insurtech) company, Bolttech announced its partnership with the Swedish telecommunications service provider based in Sweden, Three Sweden to assist customers with device protection solutions on Monday, 23 …
Singaporean insurtech partners with Swedish telecom firm to elevate device protection Read More
Finnish concrete and composite structures supplier Peikko opened a new factory in Johor Bahru, Malaysia, on 18 October 2023. In a press release, Peikko stated it was honored to have …
Finnish concrete supplier Peikko opens factory in Malaysia Read More
Finnish clothing brand Marimekko launched its first shop in Malaysia yesterday on 19 October, 2023. The Embassy of Finland in Kuala Lumpur joined the celebration of the opening in the …
Marimekko launches its first shop in Malaysia Read More
Singapore Airlines (SIA) has launched a new campaign offering customers a discount on more than 170,000 tickets from Singapore to 71 destinations. The discounts are valid for many flights taking …
Discount on 170,000 SIA tickets in November Read More
Chinese electric vehicle maker, Nio, is considering building a dealer network in Europe to speed up sales growth. Nio launched in Norway in 2021 and then entered Germany, the Netherlands, …
Chinese Nio is building a dealer network to boost EV sales in Europe Read More
Scandinavian Christina Rasmussen and Singaporean Sasha Wijidessa, couple and co-founders of the restaurant and bar Fura in Singapore, uses ingredients that make sense for the planet’s present and future climate. …
FURA: Scandinavian-Singaporean conscious dining Read More
Around 100 guests attended when Volvo Construction Equipment showcased their electric machines in Magelang, Indonesia in late September. PT Indotruck Utama (ITU) held the event which was themed ‘Sustainability for …
Volvo CE Indonesia gets first look at upcoming electric machines Read More
Danish Novo Nordisk said on Monday 16 October 2023 that it will spend up to $1.3 billion to buy an experimental hypertension (high blood pressure) drug from Singapore-based ‘KBP Biosciences.’ …
Novo Nordisk buys experimental blood pressure drug from Singapore Read More
Danish Embassy in Singapore is encouraging Danish companies to participate in the leading technology brokerage event TechInnovation from 31 October to 2 November 2023 at Marina Bay Sands, Singapore. The …
TechInnovation 2023 Singapore: Open for Danish Business initiatives Read More
Norwegian-backed nutrient company Full Circle Biotechnology has partnered up with Thailand-based aquaculture technology startup HydroNeo to produce a high-protein, low-carbon additive for aquaculture feeds. Full Circle developed a ‘waste-to-protein’ production …
Norway and Thailand collaborate on low-carbon aquafeed Read More
IKEA reduced prices for 144 of its products in Singapore in September, and the Swedish furniture chain has plans to continue reducing prices for additional products. IKEA Singapore has announced, …
IKEA Singapore reduces prices Read More
The Swedish fashion house, Acne Studios, has teamed up with Asian brand distributor, Bluebell Group, to open its first store in Taiwan. The new Acne store is located at Shin …
Acne Studios is launching Taiwan boutique Read More
Earlier in 2023 the Chinese owned platform TikTok announced that users could now earn money without posting content on the app – instead they could get an income by creating …
TikTok makes it easier for Scandinavians and Southeast Asians to earn money Read More
Ikano Retail, the Swedish IKEA franchisee in Thailand and other four countries, recently reported sales rates of the company last year. Ikano Retail owns and operates three IKEA Stores in …
IKEA Thailand sales grows 17% from previous financial year Read More
The Danish Chamber of Commerce in China (DCCC) invites you to join a seminar on China’s economic landscape for Danish businesses. The seminar will be held on 26 October 2023 …
Insights for Danish businesses to be shared on China’s economic landscape seminar Read More
The Ministry of Science and Technology has issued a certificate for the British-Swedish pharmaceutical company’s production technology and packaging process to be transferred to a company in Vietnam. AstraZeneca is …
AstraZeneca is transferring production technology to Vietnam Read More
Norwegian paint brand Jotun is expanding its presence in the Philippines. The company has announced that they are set to open three retail stores in the Southeast Asian country. The …
Norwegian paint company expanding in the Philippines Read More
Filipino-born Swedish fashion blogger and TikTok’er, Bryanboy, has announced that more branches of the Swedish furniture chain are set to open in the Philippines soon. “Our mission here at IKEA …
IKEA will open more stores in the Philippines according to blogger Read More
Ikano Retail, the IKEA franchisee that brings the Swedish furnishing chain to Malaysia, Singapore, Thailand, Mexico and the Philippines, has posted a RM5.25 billion in turnover for its 2023 financial …
IKEA franchisee posts RM1.58 billion revenue in Malaysia Read More
Nordic Aqua Partners have announced the appointment of Andreas Thorud as the new managing director for its operational activities in China. With 17 years’ experience in China and his extensive …
Nordic Aqua Partners appoints new managing director for China operations Read More
After several years with problems, Danish Bang & Olufsen begins this financial year with a plus, according to the company’s accounts for the first quarter. This is despite a slow …
B&O hopes for progress in China Read More
Export of frozen Norwegian cod to China fell 74 percent in the third quarter of 2023. The decline made China the fourth largest destination for frozen cod during the period, …
China imports of frozen cod from Norway has significantly declined Read More