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.
Planning to live, work or do business in Thailand? Expat Guide Thailand provides practical information for expatriates, while EuroThaiLink introduces Thai businesses to European products, technology and industrial machinery.
Northern Lights, a commercial carbon transport and storage company started as a partnership between Norwegian Equinor, British Shell and Thailand’s TotalEnergies, has ordered its third CO2 transport ship from China. …
Northern Lights have made third order for Chinese CO2 transport ship Read More
Indonesia has launched its first locally-made and organic cheese this week, as a result of an international project involving the Danish dairy cooperation, Arla Foods. Artisanal manufacturer Mazaraat Artisan Cheese …
Indonesia in a ‘cheesy’ launch supported by Arla Foods Read More
Swedish-Chinese electric vehicle maker Polestar, founded by Geely and Volvo Cars, posted an operating loss of $274.4 million on Thursday, August 31. This is down from $627.3 million in 2022, …
Swedish-Chinese EV maker Polestar posts operating loss Read More
The Sukhothai Shanghai hotel is presenting a Nordic Autumn Journey in collaboration with Danish homeware collection chain, Kop & Kande. From September 1 till October 29, The Sukhothai Shanghai and …
Go on a Nordic Autumn journey in Shanghai Read More
The Danish toymaker, Lego saw its profits drop 17.7% to 5.5bn Danish kroner (£634m; $807m) in the first half of 2023. Citing the BBC, Niels Christiansen, chief executive officer of …
Lego profits drops in first half of 2023 Read More
China is Denmark’s fourth largest trading partner, so the recent slowdown in the Chinese economy will hit Danish growth, according to calculations from Danmarks Nationalbank. “There are signs that the …
Problems in the Chinese housing sector might influence Danish growth Read More
IKEA has stated, that the Swedish furniture giant plans to invest CNY6.3 billion ($864 million) in the Chinese market over the next three years. The investment is to enhance and …
IKEA to invest millions in China Read More
Seaport industry in the southern part of Vietnam attracts more foreign investors, reported the Vietnam Plus. Ba Ria – Vung Tau province is the location that has attracted the most …
Seaport industry in southern of Vietnam attracts foreign investors Read More
The Finnish telecommunication company Nokia are collaborating with the Japanese brand Nippon Telegraph and Telephone (NTT Ltd.) with the aim of transforming Thailand’s digital scene to a new level. A …
Nokia and NTT bringing 5G wireless private solutions to Thailand Read More
Danish world famous toy brand LEGO tells Bloomberg it plans to open some 100 China stores a year. “It may seem strange to invest in China when the market contracts, …
LEGO in China for the long haul Read More
China’s XPeng is buying out Didi Global’s Smart electric car division. The move will allow them to roll out a new, affordable brand of electric cars. XPeng is set to …
XPeng to launch affordable EVs in China and Norway Read More
Leena-Kaisa Mikkola, Finland’s Ambassador to China has said to China’s People’s Daily Online, that China and Finland are collaborating on several projects to reduce carbon emissions. “In Finland, we have …
Finnish Ambassador expects further cooperation on carbon reduction with China Read More
Danish pharmaceutical company Novo Nordisk has achieved the highest year-on-year revenue growth by sales during the second quarter of 2023 – in comparison to the other 20 top pharmaceutical firms, …
Novo Nordisk in record growth due to obesity and diabetes drug sales Read More
The Finnish fashion house, Marimekko, recently opened a new concept store in Chiang Mai province, the first branch in the Northern part of Thailand. The shop is located on the …
New branch of Marimekko opens in Chiang Mai, Thailand Read More
Swedish EV maker Polestar is targeting China’s premium EV market. Polestar has partnered with Mobileye to incorporate autonomous driving technology into their Polestar 4 model. The technology allows for hands-free, …
Swedish EV company is targeting smart-driving in Chinese market Read More
Swedish telecom company Ericsson has renewed a multi-year deal with Chinese Huawei. Under the agreement, the two firms will pay each other royalties for the use of the other’s patents …
Ericsson renews multi-year deal with Huawei Read More
Advanced Soltech has signed an order with HengAn, the largest producer of sanitary napkins in China. The order is for the installation of a solar power plant of around 3.1 …
Advanced Soltech Sweden AB signs large order in China Read More
After a four month pause, the Cambodian low-cost airline Sky Angkor is back with twice-daily flights from Phnom Penh to the Don Mueang airport in Bangkok from 25 August. The …
Sky Angkor is back with more routes to Bangkok Read More
Thailand’s Ministry of Commerce revealed on Friday, 25 August 2023 that Thai exports had sharply dropped in July, which contracted 6.2% in July from a year earlier, according to Reuters. …
Thai exports drop more than prediction in July Read More
Vietnam’s Central Bank signed an agreement to establish a cross-border payments mechanism between five Southeast Asian (ASEAN) countries including Indonesia, Thailand, Malaysia, Singapore, and the Philippines on Friday, 25 August …
Vietnam agrees to establish cross-border payments between other five ASEAN countries Read More
The Trade Office of Vietnam in Sweden has published a book on the European Green Deal (EGD). The book explains European agreements and their impacts on exporters to the Nordic …
Vietnam trade office in Sweden publishes book Read More
Icelandic technology company Dohop will empower a new interlining agreement between Norse Atlantic Airways and Thai Vietjet. The collaboration is aimed at providing passengers with a wider variety of connections. …
Icelandic Dohop collaborates with Norse Atlantic Airways and Thai Vietjet on partnership Read More
Joakim Karlsson, the CEO of Swedish waste collection company Envac AB, says that the company wishes to collaborate with China on the development of smart and sustainable cities long-term. Karlsson …
Swedish waste collection company commits to long-term cooperation with China Read More
Danish Jewelry brand Pandora has entered into a new collaboration with Disney. Together they have created a new collection that represents some of peoples favorite Marvel characters. Pandora and Marvel …
Pandora x Marvel introduces new charms Read More
“Beijing needs to send a clear message on how it plans to revive its economy and provide clarity on a national security crackdown that is unnerving the foreign business community,” …
China needs to address economic uncertainty says Danish President of European Chamber of Commerce Read More
EV charging company NaaS Technology has announced that it’s going to acquire the Swedish EV charging provider Charge Amps for $66.4 million. The acquisition is a part of the Chinese …
Chinese NaaS Technology acquires Swedish Charge Amps for $66 Million Read More
Swedish telecommunications company Ericsson has announced in a press release on 21 August 2023 that they will open an ‘AI laboratory’ in, Vietnam. The initiative is an extension for the …
Ericsson opens AI lab in Vietnam Read More
DSV Air & Sea Singapore has signed an agreement with Volvo Truck to purchase its first electric truck – a Volvo FL. The truck is set to be delivered in …
Electric Volvo truck is coming to Singapore Read More
Stockholm has reiterated is offer to the Philippine Air Force (PAF) to purchase the Swedish Saab JAS 39 Gripen fighter aircraft, as a response to PAF’s wish of modernizing its …
Sweden offers aircraft to the Philippines – again Read More
The Chinese electric car manufacturer, NIO, has launched its first 3rd-gen power station in Europe. The new battery swap station is located in Stockholm, Sweden. The company also announced a …
Chinese NIO has launched its first European based 3rd-gen power station in Sweden Read More
Swedish fashion retailer, H&M, has announced that the company will gradually stop sourcing from Myanmar. This is as reports of labor abuses in garment factories in the country is increasing. …
H&M will ‘phase out’ sourcing from Myanmar Read More
The Danish meat producer and exporter, Danish Crown, plans to boost its earnings by 1.5 billion DKK annually ($220 million) within two years, the company said on Wednesday, August 16. …
Danish Crown aims to boost earnings after decline in China exports Read More
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