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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Denise Sandquist got the idea for the dating app “Fika” when she was looking for her biological mother in Vietnam. The app was introduced in Vietnam at the end of …
Swedish woman develops dating app in Vietnam Read More
Energy major Shell, Equinor, and TotalEnergies are moving forward with their joint venture project, Northern Lights, and awarding contracts for the building of two dedicated CO2 carriers to Chinese Dalian …
Norwegian CCS Project awards shipbuilding contract to Chinese DSIC Read More
While Hong Kong as such may be looked upon with uncertainty recently, FinnCham Hong Kong can, in comparison, be deemed as a beacon of stability, celebrating 35 years in 2021. …
Life-changing year for Elina Koski, FinnCham Hong Kong’s new ED Read More
The Indian company Reliance New Energy Solar Ltd, a wholly-owned subsidiary of Reliance Industries (RIL), has announced the acquisition of 100 percent of the shareholding of Norwegian REC Solar Holdings …
Reliance New Energy Solar buys Norway’s REC Solar Holdings from China’s Bluestar Read More
As part of IKEA’s goal of turning 50 percent of its restaurants around the world plant-based by 2025, IKEA Indonesia just launched four new plant-based dishes. Greenqueen writes that in …
IKEA Indonesia adds new plant-based dishes with Local Startup Green Rebel Read More
Despite clear demands from the Norwegian government and several reports of concern regarding safety concerns related to the use of Chinese technology, the Chinese telecom giant Huawei is still responsible …
Experts: Huawei equipment used for expansion in Bergen is a cause for concern Read More
The Swedish engineering group Trelleborg is expanding geographically by establishing manufacturing operations in four countries including Vietnam, Japan, Russia, and Morocco. The new production facilities will be the Group’s first …
Trelleborg expands in four countries including Vietnam and Japan Read More
Swedish–Swiss multinational corporation ABB has entered a partnership with Vietnam-based CMC Creative Space, the company recently announced. CMC Creative Space is one of the largest data center facilities combining a Tier …
ABB’s smart solutions safeguard power to one of Vietnam’s largest data centers Read More
Never before has Norwegian seafood exports attained a higher value for the first nine months of the year, the Norwegian seafood Council announces. So far this year, seafood exports have totaled NOK …
Norwegian seafood exports grow in value by NOK 7.9 billion – strongest growth in Asia Read More
Thailand’s third-largest GSM mobile phone provider, dtac, owned by Norway’s Telenor, has announced the launch of its proof-of-concept 5G Private Network solution to unlock the full potential of 5G for …
dtac launches Proof-of-Concept 5G private network to boost Thai industry Read More
Swedish shipbuilder Stena Power & LNG solutions said on 4 October, that the company has completed the successful testing of a jettyless LNG receiving terminal ahead of deployment to Vietnam. …
Stena Power & LNG Solutions completes successful model testing for Vietnam LNG-to-power project Read More
Last week, the Swedish retailer H&M released its financial results for the third quarter of 2021 which shows that China is no longer amongst the clothing giant’s top ten sales …
China falls off H&M’s top ten sales markets in the third quarter Read More
At the end of June, Chinese telecom giant Huawei lost the case against Swedish PTS in the administrative court and thus also the opportunities to sell 5G equipment in Sweden. …
Huawei confirms appeal against Sweden’s 5G Ban Read More
On 1 October, the Norwegian roll-on/roll-off provider Höegh Autoliners announced that it has entered into a Letter of Intent (LoI) with China Merchants Heavy Industry (Jiangsu) Co., Ltd. (CMHI) to build a …
Höegh Autoliners signs Letter of Intent for two ammonia-ready car carriers in China Read More
Maersk Container Industry (MCI), headquartered in the Danish city of Tinglev, has been sold to China International Marine Containers Ltd. (CIMC) for DKK 6.6 billion. Despite the sale, however, the …
After Maersk’s billion sale: China to continue to invest in Danish specialist knowledge Read More
On September 30, Chinese automaker NIO officially launched its NIO ES8 in Norway and commenced user delivery. According to this company statement, NIO House | Oslo will open to the public on …
NIO ES8 Launches at NIO House | Oslo Read More
Swedish automaker Volvo Truck has donated a custom-designed truck to Kechara Food Bank in Malaysia. Kechara Food Bank is one of many organizations that run a soup kitchen in Medan …
Volvo Truck Malaysia donates custom-designed truck to Kechara Food Bank Read More
Foreign companies including the Swedish-Swiss multinational food packaging and processing company, Tetra Pak continue to expand their businesses in Vietnam despite the country’s Covid-19 setbacks. VN Express writes that several …
Foreign firms expand investment in Vietnam despite covid-19 setback Read More
Malaysia and its economy are poised to benefit from a 10-year 5G partnership between Ericsson and Digital Nasional Berhad (DNB) to drive the nationwide deployment of the next-generation wireless cellular …
Ericsson to support Malaysia’s digital transformation through nationwide 5G deployment Read More
At an event at China Classification Society in Beijing on 27 September, A.P. Moller-Maersk signed three separate cooperation framework agreements with China Classification Society (CCS) to join hands with CCS …
Maersk partners with China Classification Society on carbon-neutral technologies and standards Read More
Denmark’s container logistics company A.P. Moller – Maersk has signed an agreement to sell its reefer manufacturer, Maersk Container Industry (MCI), to China International Marine Containers Ltd. (CIMC), headquartered in …
Maersk to divest its container manufacturer to CIMC Read More
China Steel Corp (CSC) recently announced that its board of directors approved a US$198.69 million investment in a wind energy venture to embrace global carbon-neutral trends. CSC is the country’s …
China Steel to invest in wind energy venture with Copenhagen Infrastructure Partners Read More
Owned by Geely Automobile Holdings, the Chinese-Swedish automobile brand Lynk & Co builds Volvo-based machines but recently the company announced its plans to enter the motorcycle market with the launch …
Chinese-Swedish Lynk & Co enter the Motorcycle market Read More
Singapore-based Synergy Marine Pte. Ltd., a subsidiary of Synergy Group, has signed an agreement to take over Maersk Tankers’ technical management business, according to this press release. This will strengthen Synergy …
Synergy Group to take over Maersk Tankers’ technical management business Read More
The wait is over for Filipino shoppers looking for Scandinavian design and furniture as the Swedish retailer IKEA has officially opened its e-commerce store but “with limited capacity.”, ABS-CBN reports. IKEA Philippines …
IKEA Philippines officially opens e-commerce store Read More
Ericsson is powering Singtel’s 5G SA network with 5G radio access products and cloud-native dual-mode 5G Core network solutions, the Swedish telecom giant recently announced. The Ericsson product range will deliver …
Singtel enters 5G standalone era powered by Ericsson Read More
The Chinese automaker BYD (“Build Your Dreams”) reaches another significant milestone in its ‘electric journey’ into the European passenger car market as it’s 1000th Tang SUV sets sail to Norway, …
BYD hits major milestone as the 1000th Tang SUV sets sail for Norway Read More
The Norwegian technology company Vissim has entered into a contract with the Thai Government to deliver a complete maritime awareness solution to ensure safe navigation in ports as well as …
Vissim to deliver maritime awareness system for Thai coastline Read More
Guangdong Oppo Mobile Telecommunications Corp., Ltd, doing business as OPPO has unveiled the Oppo Communication Lab, which has recently been upgraded in partnership with Swedish telecom giant Ericsson. According to …
Oppo announce an updated Communication Lab in collaboration with Ericsson Read More
The Chinese multinational automotive company Geely Auto Group has appointed former Bentley Motors design head, Stefan Sielaff as Vice President of Geely Auto Group’s Global Design, Manila Times reports. Stefan Sielaff succeeds …
Geely Auto Group appoints new Vice President of Global Design Read More
Denmark’s K2 Management (K2M) has been appointed as owner’s engineer for two of TSV Investment’s onshore wind projects with a combined capacity of 350 MW in Vietnam’s Gia Lai province, …
K2M appointed as owner’s engineer for TSV Investment’s Gai Lai onshore wind projects Read More
Last week, Norway’s Telenor said in a press release that the telecom giant’s continued presence in Myanmar is not possible while giving more background for the company’s decision to sell its Myanmar …
Telenor Group: continued presence in Myanmar not possible for Telenor Read More
The Swedish fashion giant H&M opened on 17 September the retailer’s 40th store in the Philippines, located at SM Aura in Taguig City, according to Manila Bulletin. H&M was founded in …
H&M opens 40th store in the Philippines Read More
After years with record-high prices on Danish produced pork meat, the price is now going down fast and substantially, DR writes. The main reason behind this development is the lacking …
Decreasing Chinese demand makes Danish pork prices drop Read More
When Heine Joensen moved to Thailand, he thought that he was going to relax. But he quickly found out he could not just lean back and do nothing. “I need …
Danish entrepreneur turns tropical waste into industrial pallets Read More
Volvo Philippines headquarters in Makati is now a certified safe spot for those who would like to visit the Swedish carmaker’s showroom and service center as the branch has earned …
Volvo Philippines has earned its safety seal certification from DOLE Read More
The Swedish fashion brand Monki has joined Zalora, Asia’s online fashion platform available in several Southeast Asian countries, Sunstar writes. Monki is part of the H&M Group and is a storytelling brand …
Swedish fashion brand Monki joins Asia’s online fashion platform Zalora Read More
Chinese multinational technology company Huawei is set to launch a Digital Finance and Security Innovation Lab (Fin²Sec) in Finland at the end of this month, according to GizmoChina. The new lab …
Huawei to launch Digital Finance and Security Innovation Lab in Finland Read More
On 17 September, Nokia and Indosat Ooredoo announced the launch of commercial 5G services in Surabaya city, Indonesia. Under the deal, Indosat Ooredoo’s customers will experience new enterprise and industrial use cases …
Nokia and Indosat Ooredoo launch 5G network in Indonesia Read More
The Swedish furniture giant IKEA is opening the world’s largest IKEA store which will also be the Philippines’ first IKEA store in the fourth quarter of this year. IKEA Philippines …
Customers can add items to shopping list ahead of IKEA Philippines’s online store launch Read More
The Danish Jewelry maker Pandora is the world’s largest jewelry maker by production capacity and on 14 September the company announced new financial targets and a detailed roadmap for its new growth …
Danish Jewelry maker Pandora aims to triple revenue in China Read More
Finnish dairy and food company Valio has entered into an agreement with food and beverage ingredient distributor DKSH on the distribution of special milk powders to Valio’s industrial customers in …
Finnish dairy firm Valio enters into a distribution partnership with DKSH for SE Asian market Read More
A combination of shortage in computer chips and the container crisis is making it very hard for the Danish owned Sand Future company which produces high-pressure washers to deliver customers …
Danish owned factory in Shanghai is having trouble reaching customers Read More
Advanced Soltech’s subsidiary in China, has signed an order with Anhui GaoJian Machinery Technology Co. Ltd, the company announced on 15 September. Advanced Soltech is a solar energy company started by Swedish …
Advanced Soltech signs SEK 6 million order in China Read More
Copenhagen Infrastructure Partners (CIP) has through Copenhagen Infrastructure New Markets Fund I (“CI NMF”) entered into a joint venture with PT Akuo Energy Indonesia, a subsidiary of French renewable …
CIP and Akuo team up on 400-MW renewables development in Indonesia Read More
China Euro Vehicle Technology AB or just CEVT is setting up an innovation center in the Northern Finnish city of Oulu where the company hopes to get the latest Oulu …
CEVT to open Innovation Center in Finland’s Innovation Hub – Oulu Read More
As the share of fully vaccinated people continues to increase and societies are opening, travel is picking up in several markets. Finnair is meeting the increased travel demand by adding …
Finnair adds frequencies and destinations to Asia, Europe, and North America Read More
Last week, Vietnam Posts and Telecommunications Group (VNPT) and Finnish Nokia Corp signed a cooperation agreement on the upgrade and development of VNPT’s digital infrastructure in Vietnam, Phnom Penh Post reports. The …
Nokia sign agreement on digital infrastructure development in Vietnam Read More
Last week, two new hybrid crew transfer vessels (CTVs) –MHO Asgard and MHO Apollo – arrived at MHO-Co’s headquarters in Esbjerg, Denmark, after making the 12,000 nautical mile journey from …
Two new CTVs arrive at MHO-Co in Denmark from China’s AFAI Southern Shipyard Read More
The Swedish telecom giant Ericsson will close the company’s product research and development center in the eastern city of Nanjing China and plans to transfer its 630 employees to TietoEVRY, …
Ericsson to close Nanjing research center in China Read More