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.
The Swedish retailer, IKEA Philippines, urged all customers who own Blavingad fishing game multicolor to stop using it due to potential choking hazard, according to the Department of Trade and …
IKEA Philippines recalls its toys to prevent choking hazard Read More
More than $5 billion of upstream assets are available for sale across Southeast Asia, according to Norwegian Rystad Energy. Most of the opportunities are in Indonesia, where more than $2 …
Upstream assets available for sale across Southeast Asia Read More
H&M has launched a new resale platform in cooperation with thredUP. The platform is a part of the Swedish fashion retailers’ efforts to extend the use of its products and …
H&M launches new resale platform to cut fashion waste Read More
Vietnamese tuna exporters have aimed to explore small markets such as the Republic of Korea, the UK, Australia, Finland, and Algeria. According to the Vietnam Plus, the overall revenue of …
Vietnamese tuna exporters aims to explore small market Read More
Sweden’s military said Monday, March 27, that they would ban staff members from using TikTok on work devices due to security concerns. This is following a similar decision from authorities …
Swedish military bans TikTok on work phones Read More
Vincent Clerc, CEO of Danish shipping company Maersk, said the company will no longer order any ships running on traditional carbon-based fuels. Instead, they will switch to green methanol. “As …
Maersk will switch to ships running on green methanol Read More
Helsinki-based fashion and textile company, Marimekko, has reported a 9% increase in net sales for financial year 2022 (FY22), reaching €166.51 million. The company’s sales were boosted by growing international …
Finnish Marimekko’s net sales increased 9% in FY22 Read More
Telenor is reported to be in talks with Hong Kong-based CK Hutchison about the possible merger of the companies’ operations in Sweden and Denmark. CK Hutchison is in the midst …
CK Hutchison and Telenor contemplating merge in Denmark and Sweden Read More
Textile and garment firms in Vietnam are proceeding in switching to green production to suit requirements from its EU partners. Annually, the EU imports over 4 billion USD worth of …
Vietnam textile and garment firms switching to green production to suit EU partners Read More
Swedish furniture company IKEA has issued a recall for their BLÅVINGAD fishing game, due to a potential choking hazard. IKEA has announced that they have discovered that small bolts on …
IKEA recalls fishing game due to choking hazard Read More
Airbnb stays reserved in Thailand more than doubled last year compared to 2020, where Bangkok came out as the preferred place for worldwide travelers on Airbnb. The capital city of …
Strong revival of global tourists to Thailand on Airbnb Read More
Vietnam’s government is seeking to relax visa requirements to boost the tourism industry. This includes offering more visa waivers for foreign tourists, expanding the e-visa program, and increasing the duration …
Vietnam to ease visa requirements to gain more foreign visitors Read More
A recent study found that the Philippines is one of the most challenging country to begin a startup business. This is mainly due to procedure costs and business tax rates. …
Philippines dubbed one of the worst countries to launch startup business Read More
As Malaysia is gradually coming back to its normal self, post-Covid, ScandAsia talks to the Director of MASBA (the Malaysian-Swedish Business Association), and also a long-time resident in Kuala Lumpur: …
Masba director Jenny Westin shares post Covid-19 benefits and challenges in Malaysia Read More
The Swedish fashion giant H&M made its debut on cricket-related marketing during the Women’s Premier League (WPL) this month. This is the first association with the game for the Swedish …
H&M Move is using cricket to promote new collection Read More
Airbnb has suspended hosting of all lodgings in Myanmar. The San Francisco-based company is the first international accommodation booking site to suspend bookings in Myanmar since the military coup, February …
Airbnb suspends Myanmar bookings Read More
The Swedish tech company, Ericssons, shared its prediction that by 2025, 50% more subscribers in Thailand will adopt 5G technology as it has been more accessible and affordable. “We foresee …
Ericssons predict more Thais adopt 5G by 2025 Read More
Beauty tech and wellbeing house Foreo has revealed a campaign called ‘Swedish Beauty in 3½ steps.’ The campaign launched Monday, March 20, and emphasizes the Scandinavian ‘less is more’ approach …
Thai-based beauty company promotes “Swedish beauty” in Asia Pacific campaign Read More
A.P. Moller – Maersk announced Monday, March 20, that the company are launching a new air cargo service between Billund, Denmark and Hangzhou, China. The new service is a respond …
Maersk launches air freight service to China Read More
China is fully opening for tourism in the hope of boosting the economy. Almost three years after China closed its borders to foreign visitors in an attempt to manage Covid-19, …
China is fully reopening for tourism Read More
The Danish audio and video equipment firm, Bang & Olufsen reported a drop of its shares 11% lower by 1513 GMT after disappointing sales in China in the third quarter …
Danish Bang & Olufsen shares drop after disappointing China sales Read More
Danish Maersk group has transported several shipments of illegal timber from Mozambique to China in recent years. This is according to an investigation by journalists in Maputo and Denmark, that …
Maersk ships carried illegal timber to China Read More
Volvo Construction Equipment is preparing to launch sales in Singapore. The company’s new online portal is open for Singapore companies to register their interest in using electric machines from Volvo …
Volvo is bringing electric loaders to Singapore Read More
Denmark’s logistics provider Blue Water Shipping and wind turbine maker Vestas have signed a five-year contract for the handling of wind components. Blue Water said the contract is “by far …
Vestas signs deal with Blue Water Shipping Read More
In creating the rating, we were taking into account a few criteria, such as: Performances per year. How many displays a firm provides is a point that can’t be missed. …
TOP-10 best Drone Show Сompanies Read More
Negotiations on a free trade agreement between EU and Thailand are to be resumed, after almost ten years. “I warmly welcome the restart of our negotiations on a trade agreement …
EU negotiates free trade agreement with Thailand Read More
Sweden’s AstraZeneca recently signed the Memorandum of Understanding (MoU) with the Vietnamese Ministry of Health to enhance healthcare and expand sustainable development collaborations in Vietnam. “In the next five years …
AstraZeneca joins hand with Vietnamese Ministry of Health for sustainable collaborations Read More
Hong Kong based Tasting Kitchen and the Norwegian Seafood Council is collaborating to highlight the premium quality of Norwegian seafood. Ocean Table is now taking bookings for a special tasting …
Hong Kong restaurant highlights Norwegian seafood Read More
Can Tho University and the Global Crop Diversity Trust held a seminar on March 13 to discuss biodiversity development in Vietnam. The theme of the event is part of a …
Norway funds hybrid rice farming in Vietnam Read More
China will resume outbound group tours to another 40 countries and regions from March 15. According to the Ministry of Culture and Tourism, some of the 40 countries and regions …
China resumes outbound tours to 40 more countries – including Denmark Read More
The Swedish company Sandvik is establishing a new production unit in Malaysia for manufacturing underground loaders and trucks. According to Sandvik, the establishment of the new unit is in effort …
Swedish Sandvik to establish new production unit in Malaysia Read More
Women’s rights groups in Thailand used the International Women’s Day to campaign for the legalization of sex work, hoping to create a safer environment for women in the industry. The …
Thai women calls for protection in the sex industry Read More
Thailand is expecting between 25 million and 30 million overseas visitors in 2023, due to the rebound of its important travel segment, stated the Tourism Minister of Thailand, Pipat Ratchakitprakan. …
Thailand expects 25 to 30 million overseas visitors this year Read More
A TikTok data center in Norway does not mean that the user data only resides in that particular data center. That is the assessment of Caroline Anna Salling, who is …
Data from TikTok center in Norway still available in China Read More
Communications and Digital Minister Fahmi Fadzil said he will not respond to the use of news outlets to lobby for changes to Malaysia’s 5G high-speed broadband implementation. “I want to …
Malaysian minister shuts down indirect lobbying on 5G rollout Read More
Severe accusation are being made against Carlsberg in China, where the Danish brewery is accused of being ‘a tool of the Chinese government’s repression’. TV 2 and Danwatch have spoken …
Severe criticism of Carlsberg in China Read More
Norwegian Cruise Line is installing three ships to the Asia Pacific in 2024 and 2025. Norwegian Sun and Norwegian Sky are set to sail Asian routes, while Norwegian Spirit will …
Norwegian Cruise Line deploys three ships to the Asia Pacific Read More
Malaysia and Sweden have signed a Memorandum of Understanding (MoU) to strengthen collaboration on ensuring a green transition in Malaysia. The MoU between Malaysian Green Technology and Climate Change (MGTC) …
Sweden to help Malaysia boost green transition Read More
Norwegian Data center company Green Mountain has reportedly entered into an agreement with Chinese TikTok to cover their growing data storage needs in Europe. Shocking waste of electricity, says Industri …
Furious over Norwegian data center for TikTok Read More
DanMilko, a Danish dairy firm, officially entered the Vietnamese market. It recently opened its headquarters District 1, Ho Chi Minh City on Monday, 6 MArch 2023. According to Tuoitre News, …
Danish dairy firm “DanMilko” enters Vietnamese market Read More
Chinese-based Sungrow FPV, the provider of floating solar solutions, has secured a contract for the supply of floating systems for the largest floating solar project in Indonesia to date. The …
Chinese company behind floating solar farm in Indonesia Read More
Chinese EV automaker NIO has begun operations of its first EV battery swap station in Denmark. The swap station is located in Slagelse, about 100 km southwest of Copenhagen next …
Chinese NIO opens first EV battery swap station in Denmark Read More
94 buses by Xiamen Golden Dragon Bus Co., a leading bus maker in China, is to be shipped from Xiamen Port in east China to Norway and Denmark. Since 2002, …
Chinese energy buses expand in Scandinavia Read More
The Danish family-owned company Lego, known for its colourful plastic bricks, said that sales rose to 64.6 billion Danish crowns ($9.25 billion) last year. According to the company this is …
Lego looks to build on sales growth with more China stores Read More
Myanmar has imported the first batch of Chinese-made battery driven electric vehicles (BEVs) as a part of implementing its one-year pilot EV project. To promote the development of its EV …
Myanmar imports Chinese battery electric vehicles for pilot project Read More
The Swedish furniture retailer, IKEA, has collaborated with Finnish design house Marimekko to launch a Nordic sauna-inspired collection, “Bastua” for Summer 2023. The collection will feature different items such as …
IKEA collabs with Finnish Marimekko to launch special collection this summer Read More
Huawei is battling back in the competition to build 5G networks in southeast Asia. The Southeast Asian region is one of the few remaining regions where the Chinese telecom company …
Huawei to challenge Ericsson on role in Malaysia’s 5G rollout Read More
Vietnam is becoming a key logistics and trade hub of the World Logistics Passport (WLP) network due to its strategic position as the transshipment and manufacturing hub of the region, …
Vietnam to become key logistics and trade hub of the World Logistics Passport Read More
From February 28 to March 1, 2023, Mr. Erling Rimestad, Secretary of State of the Norwegian Ministry of Foreign Affairs will pay a visit to Vietnam. On this occasion, the …
Vietnam – Norway: Promoting bilateral cooperation in the field of seafood Read More
Telenor Asia revealed it expects about US$2.5 billion from cooperations over the next three years from the mergers of True Corporation and Total Access Communication (DTAC) in Thailand and Celcom …
Telenor Asia expects $2.5bn gains from cooperations Read More