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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The Finnish clothing and lifestyle brand, Marimekko, are now opening two new markets in Vietnam and Malaysia, according to a press release by the company, which was published 15 August. …
Finnish brand Marimekko expands to Vietnam and Malaysia Read More
Danish jewelry brand Pandora has raised its full-year revenue outlook as it reported better-than-expected second-quarter sales. This is mainly due to improved performance in the U.S. and China, the company …
Pandora with a strong second quarter due to improved performance in China Read More
Thailand and Vietnam cordially aimed to tighten their bilateral trade by focusing on young entrepreneurs and start-ups in both countries. According to Sanan Angubolkul, chairman of the Thai Chamber of …
Thailand and Vietnam tightens bilateral trade, focusing on young entrepreneurs and start-ups Read More
European enterprises are gravitating towards Vietnam – especially Northern Europe, claims Trade Counsellor of Vietnam in Sweden and Northern Europe, Nguyen Thi Hoang Thuy. Denmark in particular is emerging as …
Vietnam attracts Northern European Investors Read More
Volvo Trucks will be delivering its first electric truck in Singapore to DSV Global Transport and Logistics. The order is set to take place on August 17th, 2023. This regional …
Volvo Trucks to deliver first electric truck to Singapore Read More
The Chinese market has surpassed Japan and South Korea and become the largest export market for Norwegian fresh chilled salmon in Asia. This is according to an official at the …
China is officially the largest Asian market for Norwegian salmon Read More
The Swedish retail giant, H&M, will roll out a new home décor section at its flagship store in Singapore. H&M Home will take up a section of the first floor …
H&M Home to launch at Singapore flagship store Read More
Indonesian Telkomsel has renewed its contract with Swedish Ericsson to expand the 4G/5G networks in Indonesia. Ericsson has already deployed its energy-efficient 5G Radio Access Network (RAN) products and solutions …
Telkomsel and Ericsson to expand 4G/5G partnership in Indonesia Read More
Pandora, the Danish fashion jewelry brand, has recently named the American actress Ashley Park as its new global ambassador. Park has gained huge recognition in China for her role as …
Pandora to revamp its image in China Read More
Volvo Trucks has delivered its first electric truck in Taiwan to WRC PACIFIC, LTD. The delivery took place at Taikoo Kaohsiung Flagship Service Center, belonging to the national dealer Taikoo …
First Volvo electric truck delivered in Taiwan Read More
Arla Foods milk protein MicelPure has become the first Arla product certified by the non-GMO Project and is already certified EU Organic and China Organic. MicelPure is a micellar casein …
Arla Foods new milk protein achieves first non-GMO project certification Read More
Novo Nordisk’s obesity medicine Wegovy reduces the risk of heart attacks and strokes according to a highly anticipated study. People with obesity or are overweight with a history of heart …
Novo Nordisk is now second biggest firm in Europe after study finds that Wegovy cuts risk of heart attacks Read More
The Danish furniture brand, JYSK, which is offering a wide range of Scandinavian-style furniture and home decor products previously opened a new center in Hanoi, Vietnam this year. Besides the …
Danish furniture brand JYSK opens new center in Hanoi Read More
CanSino Biologics has agreed with the Anglo-Swedish drugmaker AstraZeneca to provide “contract development and manufacturing services” to support the mRNA vaccine program. The Chinese company said in a statement on …
China’s CanSino in vaccine deal with AstraZeneca Read More
Norwegian insurance company, Hydor AS, has acquired Singapore- and Rotterdam-based counterpart EF Marine and its subsidiary. The combined firm will be branded as Hydor, with a total team of 34 …
Norwegian marine insurer announces Singapore acquisition Read More
The Royal Norwegian Embassy in Manila joined one of the largest food shows in the Philippines last week. The World Food Exposition was held at 2-5 of August, where the …
Norwegian Embassy in Manila eyes boost in trade for fresh salmon in the Philippines Read More
Chinese BYD managed to sell 721 Atto 3s in Sweden in July. The all-electric BYD Atto 3 managed to beat out established rivals to be Sweden’s best-selling EV. Had it …
Chinese BYD tops EV sales charts in Sweden for July Read More
Swedish 5G leader Ericsson has increased its socioeconomic contribution to Malaysia by producing its 5G radio equipment in Penang. This is the company’s first 5G manufacturing facility in Southeast Asia. …
Ericsson establish global 5G equipment manufacturing supply chain in Malaysia Read More
Vietjet has launched a direct route connecting HCMC to Jakarta, Indonesia, on Saturday, August 5. This is the airlines third direct service between Indonesia and Viẹtnam. With seven flights per …
Vietjet launches direct flight between Ho Chi Minh City and Jakarta Read More
The Norwegian Seafood Council held a special meeting featuring the Norwegian Ambassador to Vietnam Hilde Solbakken and Vietnamese Ambassador to Norway Dinh Nho Hung in Norway and invited the Vietnamese …
Norway shares its seafood expertise with Vietnam via trip to Oslo Read More
Singapore-based food delivery apps Grab and Foodpanda are expanding into the dine-in space. This is as consumers look to eat out more post-pandemic. Grab has started testing its dine-in feature …
Food delivery apps Grab and Foodpanda expand into dine-in services Read More
Cooperation with China has been benefiting Norway and the government has an interest in expanding such cooperation. This is according to two senior advisors from the Norwegian government. Tobias Svenningsen, …
Norway interested in expanding cooperation with China Read More
Norway exported seafood worth NOK 12.4 billion in July. An increase of NOK 928 million, corresponding to 8%, compared to last year. “The increase in value in July is primarily …
Norwegian seafood exports totaled in 12.4 billion NOK in July Read More
Finnish Minerals Group and Beijing Easpring has agreed on a joint venture to establish a production facility for cathode materials. The production will be set up in the Finnish city …
Finnish Minerals and Beijing Easpring plans for joint cathode materials production Read More
Philippine Megaworld Corp. is bringing Finland-based indoor sports park company SuperPark to its townships. The property developer said on Tuesday, August 1, it would open two parks, one at its …
Finnish sports park developer are coming to the Philippines Read More
Singapore’s central bank proposed on Monday, July 31, measures to tighten money laundering surveillance of family offices, that handle the financial affairs of the super-rich. The Monetary Authority of Singapore …
Singapore seeks to tighten money laundering audits Read More
H&M, the Swedish fast-fashion giant, is suing Chinese rival Shein over copyright breach. H&M has accused Shein of plagiarism and “stealing” the designs of its products. The Swedish company has …
H&M sues Shein over alleged copied designs Read More
Finland’s original fashion brand, Marimekko, has opened the first pop-up cafe in Thailand aiming to offer customers Scandinavian cultures under the concept of “The Best Place to Bring Joy to …
Marimekko opens pop-up cafe in Bangkok Read More
Norway’s telecom firm, Telenor, recently reported its second quarter profits slightly rose above expectations, reported Reuters. According to Reuters, the firm’s report showed that adjusted earnings before interest, tax, depreciation …
Telenor second quarter profits rises above expectation Read More
One of the most important responsibilities when starting a trucking company is reducing accidents and injuries. According to https://simplexgroup.net/how-to-start-a-trucking-company/, there are several ways in which you can reduce accidents and …
Trucking Safety: Strategies for Reducing Accidents and Injuries Read More
The Swedish firm, Bloom, was recently opened in Binh Duong, Vietnam with the goal to offer the first ever global innovation center for the food and beverage (F&B) industry. The …
Swedish firm offers first global innovation center for F&B industry in Vietnam Read More
Vietnam’s Prime Minister Pham Minh Chinh has urged relevant ministers and departments to boost the country’s rice export rates by building rice brands, improving the quality of rice and diversifying …
Vietnamese PM urges related ministers to boost rice export rates Read More
Norwegian salmon sales to China have almost doubled compared to the same period last year. So far this year, Norwegian salmon has sold for NOK 2.4 billion. Salmon exports to …
Norway doubles salmon sales to China Read More
Zeekr, Geely Automobile’s electric brand, said on Wednesday, June28, that two of its all-electric luxury cars are available for pre-order in the Netherlands and Sweden. Deliveries for the Zeekr 001 …
Chinese EV maker opens orders in Sweden Read More
Malaysia’s newest low-cost airline MYAirline, launched daily flights to Bangkok’s Suvarnabhumi Airport this week. It expects to introduce daily services to the city’s Don Mueang Airport from July 1. The …
MYAirline flies to Bangkok Read More
Myanmar’s tourism industry has seen a significant rebound in the financial year 2022-23 as the country welcomes an influx of Chinese visitors. This is according to figures from the country’s …
Myanmar’s tourism rebounds with influx of Chinese visitors Read More
Danish Maersk has added to its growing numbers of methanol dual-fuel containerships. The company has signed a deal for six new 9,000 teu vessels at Yangzijiang Shipbuilding in China. Maersk …
Maersk moves deeper on methanol with six newbuilds in China Read More
Danish LEGO just opened a LEGO Certified Store in Shangri-La Plaza, Pasig City in the Philippines. “LEGO is about growing. You can start very young,” Franz-Michael Mellbin, Denmark’s Ambassador to …
New LEGO store with AI opens in Philippines Read More
The Norway-Vietnam Business Forum was recently held in Ho Chi Minh City, Vietnam. Attending the forum were the Norwegian Ambassador Hilde Solbakken, Regional Director of Innovation Norway for Asia Ole …
Norway-Vietnam Business Forum held in Vietnam Read More
After a consistent period of growth, Malaysia’s garment imports from Vietnam decreased in the first quarter of 2023. The inbound shipments totaled $42.631 million from January to March 2023. This …
Malaysia’s garment imports from Vietnam fall to $42.6 million Read More
It’s not uncommon that Nordic persons come to regions like Asia and perform important work without being noticed or earning much attention beyond their own field. Senior Education Specialist Dr. …
Aija Rinkinen: Finnish education specialist advising Malaysia on World Bank assignment Read More
Danish energy trading house InCommodities on Friday, June 23, posted a record pre-tax profit for 2022 of 1.37 billion euros. Benefiting from gas and power market volatility the company is …
Danish trader InCommodities eyes Asia expansion Read More
Vietnam-focused private equity firm PENM Partners is understood to be tapping family offices to raise capital for its fifth investment vehicle. The Danish firm has previously secured commitments predominantly from …
Danish private equity company focuses on Vietnam Read More
The Swedish industrial equipment and network company opens a new office in Ho Chi Minh City, Vietnam in order to expand its business in the Asian market. According to Evertiq, …
Swedish HMS firm opens new office in Vietnam Read More
Chinese exports of used cooking oil (UCO) to Singapore jumped to a record in May. This is most likely due to more demand from Finnish Neste’s renewable fuel factory. Shipments …
Singapore buys record amount of used cooking oil from China due to Finnish factory Read More
Malaysia Airlines has introduced a voluntary carbon offset program in collaboration with CHOOSE, a climate tech company from Norway. The initiative allows customers to offset the carbon emissions from their …
Malaysia Airlines unveils voluntary carbon offset initiative in collaboration with Norwegian firm Read More
Midea Group Co. has dropped its pursuit of Electrolux AB due to the Swedish firm being unreceptive to a deal. The two companies have been discussing terms of a potential …
Chinese Midea drops pursuit of Swedish Electrolux Read More
Maersk Tankers has moved its Singapore office from Harbour Front to OUE Downtown in the Central Business District. The move supports the company in providing its service to partners in …
Maersk Tankers installs new Singapore office Read More
The opening of the new LEGO Certified Store at Shangri-La Plaza was recently held in the Philippines. The new store was run under Ban Kee Trading, Inc, a prominent name …
LEGO Certified Store at Shangri-La Plaza in Philippines opens Read More
Malaysia is close to becoming the first country in Southeast Asia to impose widespread restrictions on short-stay rentals like Airbnb. This is after one of its most popular holiday hotspots …
Malaysia set to have Southeast Asia’s first nationwide Airbnb control Read More