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.
Denmark-based Ørsted, the world’s most sustainable energy company, and T&T Group, one of Vietnam’s leading companies with activities in several industries and 80,000 employees, signed on 9 September a letter …
Ørsted and T&T sign letter of intent for strategic cooperation on offshore wind projects in Vietnam Read More
Myanmar’s junta are reluctant to approve the sale of Telenor Group’s Myanmar business to the Lebanese investment company M1 group, sources close to the matter have confirmed, according to Nikkei …
Myanmar junta “very unlikely” to approve Telenor Myanmar sale Read More
Cambodia has since 2017 become ASEAN’s leading supplier of bicycles to the EU, according to Bike Europe and over the past eight months, the country exported 1.86 million bicycles into …
Cambodia is ASEAN’s largest exporter of bicycles to the EU – Denmark and Sweden are notable buyers Read More
The Swedish telecom operator Ericsson is not giving up on the Chinese market despite being somewhat frozen out after the Swedish Government decided to block Chinese suppliers, principally state-owned …
CEO of Ericsson: We can still add value to China Read More
Swiss-Swedish Tetra Pak, a world-leading processing and packaging solutions company, has released the 2021 sustainability report, according to a recent press release. The report documents the company’s journey to accelerate …
Tetra Pak reveals 2021 Sustainable Report ‘Food. People. Planet’ Read More
On 9 September, IKEA Tampines in Singapore opened a new Swedish Bistro, according to an announcement by the Swedish furniture giant. IKEAs new Swedish Bistro is located between the …
IKEA Tampines in Singapore opens new Swedish Bistro Read More
The Norwegian restaurant chain Pink Fish is opening its second outlet in Singapore today 9 September at One Raffles Place in Singapore’s central business district. Pink Fish is a Norwegian …
Norwegian restaurant chain Pink Fish opens second outlet in Singapore Read More
The Chinese smartphone company Guangdong Oppo Mobile Telecommunications Corp., Ltd, doing business as OPPO has filed several patents infringement lawsuits against the Finnish telecom giant Nokia in China and Europe. …
OPPO files 5G patent infringement suits against Nokia in China and Europe Read More
NIO, the Chinese multinational automobile manufacturer specializing in designing and developing electric vehicles will open the company’s first NIO House in Oslo Norway on 23 September, co-founder and president of …
Chinese EV maker NIO to open first Norway-based NIO House this month Read More
Thailand-based Modern Energy Management (MEM), a specialist in developing, constructing, and operating investment-grade renewable energy projects in emerging markets, recently announced that it is engaged to provide operation asset management …
MEM to provide Scatec operational support for the Dam Nai wind farm in Vietnam Read More
The Swedish automaker Volvo Cars recently reported a drop in global sales in August of 10.6 percent compared with the same period last year. According to media CB, overall underlying demand …
Volvo’s global sales down by 10% in August – supplier shut-downs in Asia challenge volume levels Read More
The price on container shipments from China has gone through the roof with an increment of about 850 precent in the recent year, according to SVT. Notably this has taken …
China shipping problems takes a toll on Swedish children’s book publishers Read More
Following Telenor’s announcement at the beginning of July on the sale of it’s Myanmar business to M1 Group, the controversial company with reported ties to the Myanmar military, several human …
Op-ed by Head of Telenor Asia on the sale of Telenor’s Myanmar business Read More
The Finnish Chamber of Commerce in Hong Kong’s intern Wallace Loo recently visited their corporate member, The Big Things’ sustainable Hong Kong playground made of Finnish wood. In a recent …
The Big Things’ sustainable Hong Kong playground is made of Finnish wood Read More
On 27 August, the Danish fashion giant Bestseller announced that the company is not placing new orders in Myanmar until it has conducted an impact assessment and engaged in dialogue …
Bestseller is not placing new orders in Myanmar Read More
From now on, vegetarians in Indonesia do not have to forego trying IKEA’s variety of Swedish dishes while furniture shopping because IKEA Indonesia launched on 24 August a plant-based menu. …
IKEA Indonesia to introduce a veggie spin on the famous Swedish meatballs Read More
The Norwegian Seafood Council has teamed up with Central Food Retail and Thammachart Seafood and launched the ‘Taste From Norway, to Your Home’ campaign to promote Norwegian seafood products and …
Norwegian Seafood Council and partners launched ‘Taste From Norway, to Your Home’ campaign in Thailand Read More
The Danish-Thai Chamber of Commerce (DTCC) recently shared some good news for Danish and Nordic businesses operating in Thailand. According to DTCC, there have been plans to increase the VAT rate from …
DTCC share the good news – Thailand to keep VAT unchanged at 7% for another two years Read More
The Swedish star chef Björn Frantzén’s Zén restaurant in Singapore has received a triple Michelin star rating in its only third year. Bjorn – who is known for his successful …
Swedish owned restaurant in Singapore receives triple Michelin stars Read More
Finnish Valmet, developer, and supplier of technologies, automation systems, and services for the pulp, paper, and energy industries, will supply a paper machine grade conversion rebuild to one of its …
Valmet to supply paper machine grade conversion rebuild to one of its major customers in Indonesia Read More
The decision for the Pongsudhirak family to place their daughter, Petra, in Shrewsbury International School Bangkok, Riverside at Year 7 has paid dividends. The school, which is celebrating 86% A*to …
Shrewsbury: Exam Results and University Choices – A Parent’s Perspective with Professor Thitinan Pongsudhirak Read More
After traveling almost 16,000 kilometers from Singapore through the Suez Canal and arriving on 29 August, the first three new production platforms for Denmark’s most important gas field are to …
Tyra topsides arrive from Singapore for TotalEnergies North Sea project Read More
The popular Chinese singer and actor Zhang Zhehan faces a major boycott in his home country, including being expelled by Danish jewelry maker Pandora from their upcoming projects, after pictures …
Danish jewelry maker Pandora expel Chinese actor from their upcoming projects Read More
Many Norwegians have been putting their savings into so-called “green” funds which invest in renewable energy sources. One of the most hyped funds is the Storebrand company’s Fornybar Energi-fund. A …
Norwegian renewable energy fund invests millions in Chinese companies suspected of forced labor Read More
The Norwegian private equity firm Bluefront Equity AS recently announced plans to acquire a “significant stake” in the RAS specialist, AquaBioTech Group through a combination of purchase of shares and …
RAS specialist set to expand into Singapore and Norway Read More
Sweden’s Volvo Trucks recently announced the agreement to acquire JMC Heavy Duty Vehicle Co., Ltd., a subsidiary of Jiangling Motors Co., Ltd., which includes a manufacturing site in Taiyuan, Shanxi …
Volvo Trucks acquire heavy-duty truck manufacturing operation in China Read More
A localized Norwegian version of the Chinese electric carmaker Xpeng’s flagship P7 sedan recently rolled off its production line at the company’s Zhaoqing factory in south China’s Guangdong province which …
Chinese Xpeng starts exporting flagship P7 sedan to Norway for the first time Read More
DTAC owned by Norway’s Telenor recently announced that dtac TriNet and ABB Automation (Thailand) have signed a memorandum of understanding (MoU) to jointly develop robotics and machine automation solutions enabled by dtac …
DTAC and ABB team up to jointly develop robotics and machine automation solutions Read More
Nordic Impact Cooperation is a unique financing platform for impact investing in developing countries established earlier this year between Finnfund, the Finnish Fund for Sustainable Development, and Norway’s Norsk Solar. …
Nordic group invest in a Norsk Solar-developed solar PV-project in Vietnam Read More
Last week a single case of Covid-19 resulted in the closure of the Meishan container terminal at China’s Ningbo-Zhoushan Port and now several big container companies are diverting their ships …
Maersk dividing ships away from China’s Ningbo Port after covid-19 closure Read More
The Swedish company Aegirbio’s test for Covid-19 has been the only test for saliva detection approved by the Thai equivalent of the FDA (US Medicines Agency) for sale on …
Aegirbio’s saliva test approved by Thailand’s FDA Read More
German utility Uniper UN01.DE recently announced the sale of its 450-megawatt gas power plant in Malmo, Sweden to Dutch PACO Holding which plans to dismantle the facility and rebuild …
Buyer of power plant in Sweden to negotiate re-sale with potential buyers in Vietnam and Dubai Read More
The Finnish shipbuilding company Deltamarin has signed an agreement with China Merchants Jinling Shipyard Weihain for the basic and manufacturing design of three RoPax Stena E-Flexer vessels, media YLE reports. The Stena …
Deltamarin signs agreement with China Merchants Jinling Shipyard for three RoPax vessels Read More
In the first quarter of 2024, A.P. Moller – Maersk will introduce the first in a groundbreaking series of 8 large ocean-going container vessels capable of being operated on carbon-neutral …
Maersk accelerates fleet decarbonization with 8 large ocean-going vessels to operate on carbon-neutral methanol Read More
The Swedish Steel company SSAB, has produced and delivered the world’s first fossil-free steel to its first customer, the Volvo Group, according to this press release. The trial delivery is an …
SSAB delivers the world’s first fossil-free steel to Volvo Group Read More
On 21 August, Authorities in Malaysia seized a Norwegian ship off the Malaysian coast because the ship had anchored without permission. The ship Clipper Hermod, registered in Stavanger, was later …
Norwegian ship held in Malaysia over anchoring without permission Read More
SwedCham China recently announced that General Manager of Greater China Anders Wahlström, who is also a member of the Swedcham Beijing Board, has been appointed as SAS’s General Manager of Asia. …
SAS appoints Anders Wahlström as General Manager of Asia Read More
The shipping crisis caused by the pandemic has seen massive problems of transporting goods around the world in recent months and now it has created a shortage in Denmark of …
Shipping crisis creates shortness of important items for Danish families with children Read More
The Danish brewer Carlsberg has reported a 10 percent overall sales growth in the second quarter of this year compared to the same time last which was heavily affected by …
Carlsberg reports sales growth despite continuing low sales in Asia Read More
Norwegian Cruise Line (NCL) has appointed Braydon Holland as Senior Director Sales for Asia as the company is positioning for continued success in the region, Hotelier India reports. The company’s history began …
Norwegian Cruise Line appoints new Senior Director Sales of Asia Read More
Founded and driven by Swedish tea merchant Kenneth Rimdahl, the Chiang Mai-based forest-friendly tea, Monsoon Tea, is introducing Monsoon Tea to Sweden. Monsoon’s forest-friendly Monsoon Tea is grown and harvested …
Chiang Mai-based Monsoon Tea opens branch in Sweden Read More
The online food order and delivery service platform Just Eat was founded in Kolding, Denmark in 2001 among others by the well-known entrepreneur Jesper Buch. After two major corporate deals, …
Danish founded Just Eat is the world’s largest takeaway platform outside of China Read More
The Chinese automaker BYD (“Build Your Dreams”) has together with its local distributor RSA, delivered the first shipment of BYD Tang 7-seat SUVs to customers in Norway, Insideevs writes. The Chinese company …
Chinese automaker BYD delivers first EVs to customers in Norway Read More
The Swedish furniture giant IKEA has started selling 500 apartments in Changsha in southern China, as the company invests in a combination of shopping centers and housing, Expressen writes. IKEA’s shopping malls …
IKEA is expanding with housing adjacent to its shopping centers in China Read More
Sembcorp Marine has successfully completed the fabrication of the Offshore Substation (OSS) and Reactive Compensation Station (RCS) (collectively, “Substations”) for Ørsted Wind Power subsidiary Optimus Wind Limited, according to this …
Sembcorp Marine completes two offshore wind farm substations for Ørsted Wind Power Read More
Norway’s Borr Drilling has received a letter of award (LOA) for a 105-day contract for the premium jack-up drilling rig Gunnlod from an undisclosed operator in Malaysia, Energyvoice reports. Borr Drilling, an …
Borr Drilling awarded more work for Gunnlod rig in Malaysia Read More
The Chinese authorities’ recent regulatory actions have seen some foreign investors and market participants being concerned that it could bring a change in China’s policies, but according to IPE, three major …
Nordic pension investors not concerned with Chinese authorities recent regulatory actions Read More
Volvo Cars in Sweden is experiencing a shortage of semiconductor chips which temporarily halts production at the carmaker’s factory in Torslanda near Gothenburg in Sweden. Volvo, which is owned by …
Volvo halts production at Swedish factory due to chips shortage Read More
For bicycle manufacturers and subcontractors around the world, the pandemic has brought problems with a reduced supply of bicycle parts and according to Finnish Tähtipyörä, manufacturer of bicycles in Solf …
A worldwide shortage of bicycle parts creates problems for Finnish company Read More