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 Swedish furniture giant has opened its Bali store which is the fifth IKEA store in Indonesia and the first one outside Java island. IKEA Bali is located at Kuta …
IKEA has officially expanded outside Java island with the opening of its Bali store Read More
Norwegian renewable hydrogen plant manufacturer HydrogenPro has reached an agreement with China’s Tianjin HQY Hydrogen Machinery Co., Ltd. (“THM”) to create a joint venture, which will allow HydrogenPro to utilize …
Norway’s HydrogenPro sets up joint venture with Chinese THM as basis for global fabrication plan Read More
Mainstream Renewable Power, a subsidiary of Norwegian offshore giant Aker, has received the green light from the Vietnamese province of Soc Trang to work on what could become Southeast Asia’s …
Vietnam province approves investment for Anker-owned developer’s offshore wind farm Read More
The Covid crisis and its subsequent lockdown and restrictions have kept the tourism industry of Thailand in a stranglehold. Numerous hotel buildings are up for sale or rent and an …
Danish entrepreneur plays monopoly in Thai hotel market Read More
On 15 November, Singapore-based Aeroter announced an exclusive five-year agreement with Swedish company Savback Helicopters AB to distribute and sell its innovative VRT500 light, single-engine helicopter. From its headquarters in Sweden, Savback …
Aeroter and Savback sign exclusive five-year sales agreement Read More
The Swedish furniture giant IKEA is finally ready to open its biggest store to date and in a recent press release, IKEA Philippines announced the official opening of the physical …
IKEA opens world’s biggest IKEA store opens in the Philippines on 25 November Read More
Telenor employees across the Nordics and Asia prove they intend to remain at the forefront of upskilling to meet the rapidly changing demands of global customers by setting a new …
Telenor employees across the Nordic and Asia write e-learning history Read More
The Norwegian company Zwipe, a leading biometrics payment company, announced that it had appointed Claus Hansen as Vice President of Sales and Business Development, Asia Pacific (APAC) region. Mr. Hansen will lead …
Norwegian Zwipe appoints Asia Pacific region Head to strengthen its regional presence Read More
The global shipping crisis is affecting many businesses around the world and IKEA Philippines is no exception. Although IKEA Philippines confirmed that the company is also having supply chain issues, …
IKEA Philippines affected by global shipping crisis but it will not affect physical store opening Read More
Finnish Minerals Group and Beijing Easpring Material Technology have been investigating and negotiating the possibility to establish a CAM plant in Kotka, Finland with the initial capacity of 50,000 t/a …
Finnish Minerals Group and Beijing Easpring cathode materials plant proceeding as planned Read More
Ørsted Group has proposed an offshore wind power plant in the northern Vietnamese port city of Hai Phong with an estimated investment of between 11.9 billion USD to 13.6 billion …
Ørsted Group to invest up to 13.6 billion USD in offshore wind farm in Hai Phong Read More
They must taste good, be nutritious and bountiful, and be environmentally friendly to grow. For the teams in the finals of Pinduoduo’s Smart Agriculture Competition, the bar has risen to …
Pinduoduo Smart Agri Competition promotes greentech through global collaboration Read More
The Myanmar military has since September laid landmines at telecommunications towers owned by or leased to mobile operators including Norway’s Telenor, media Myanmar Now writes in a recent article. According to Myanmar …
Myanmar military lays landmines around Telenor’s telecom towers Read More
Vestas, the Danish leading manufacturer of wind turbines will consolidate its two regions China (CHI) and the Asia Pacific (ASP) into one business region covering the Greater Asia region named …
Vestas creates business region for Greater Asia Read More
The Swedish furniture giant IKEA has officially opened its online store in the Philippines which will operate 24/7 starting 3 November, ABS-CBN News reports. IKEA Philippines started a test run of the …
IKEA Philippines online store to operate 24/7 Read More
Learning conversational English has long been thought of as an activity for students or those planning to travel abroad. However, there are several benefits associated with knowing multiple languages. Speaking …
How Learning English Can Boost Your Global Business Read More
The Finnish software company SSH and a leading Financial Services Institution in Singapore has entered into a three-year Tectia and Tectia Quantum license agreement. According to this company statement, the …
SSH enters in a three-year Tectia and Tectia Quantum license agreement with leading FSI in Singapore Read More
Novo Nordisk Taiwan was recently awarded the title “Outstanding Foreign Business” at the 75th Golden Marchant Award Ceremony in Taiwan, The Trade Council of Denmark, Taipei reports. With 95 years …
Novo Nordisk Taiwan received Golden Merchant Award Read More
Last week, Norway’s telecom giant Telenor posted the company’s third-quarter report which showed flat organic subscription and traffic revenues, a 2 percent decline in organic EBITDA, and a strong cash flow of …
Telenor’s third-quarter results are impacted by the prevailing covid-19 situation in Asia Read More
Swedish-Swiss Tetra Pak, the world-leading processing and packaging solutions company has appointed Ratanasiri Tilokskulchai as the new Managing Director, according to this company statement. With over 10 years of experience at …
Tetra Pak Thailand appoints new Managing Director Read More
Combining expertise in smart home furnishing solutions and in-depth knowledge of the gaming industry, Swedish furniture giant IKEA has collaborated with ROG (Republic of Gamers) to develop a gaming range …
It’s Game On: IKEA Gaming Range is launching in Singapore on 4 November Read More
Denmark-based Grundfos, a global leader in advanced pump solutions and water technology has announced the launch of the LC232 Controller in Thailand, an industry-first for groundwater intake controls that utilize …
Grundfos introduces new groundwater pump controller to advance Thailand’s smart agriculture future Read More
Swedish pension providers Folksam and AMF have both announced they bought billions of kronor of newly-issued shares in Volvo Cars in the initial public offering (IPO) which took place on …
Swedish pension firms invest billions in Volvo Cars’ IPO Read More
Director Bo Mønsted has welcomed the Danish brand UMAGE to Taiwan. Established in 2008, UMAGE is a manufacturer of lighting and furniture solutions with a focus on Scandinavian design that …
Director Bo Mønsted welcomes the Danish brand UMAGE to Taiwan Read More
On 19 October, Borge Eckholm, President and CEO of Ericsson, revealed that the Swedish telecom giant’s revenue from the Chinese market plummeted by 74 percent in the third quarter of …
Ericsson plans to restructure business in China Read More
Oil and gas company Neptune Energy recently announced that drilling has begun on four production wells on the Fenja field in the Norwegian Sea. The wells are being drilled by the Deepsea …
Norwegian and Chinese cooperation begins final well campaign on Fenja Read More
The Danish seafood processing giant Espersen is currently “slowly but surely” reopening the company’s facility in Vietnam after 10 weeks forced shutdown due to Vietnam’s strict covid-19 measures, Intrafish writes. Espersen is …
Danish Espersen reopens Vietnam facility ‘slowly but surely’ as country battles Covid Read More
Singapore-based Sembcorp Marine (Sembmarine) has in a press release clarified media reports on the Johan Castberg project offshore Norway. Last week, The Business Times published an article citing a media report …
Sembmarine clarifies media reports on Johan Castberg project Read More
As part of the Swedish furniture giant IKEA’s global effort to become a more sustainable business, IKEA Bang Yai in Thailand has been turned into a circular store. According to Greenqueen, …
Thailand’s IKEA Bang Yai transforms into a circular shop Read More
Finnish KONE, a global leader in the elevator and escalator industry, has been awarded the contract to equip the new development at the former Keppel Towers site in Singapore with …
Finnish KONE to equip Keppel Towers in Singapore Read More
Hong Kong Textile Apparel Institute (HKRITA) and the Swedish H&M Foundation recently announced an ambitious project to address textile waste in Cambodia. According to a press release by the H&M Foundation, the …
HKRITA and H&M launch project to treat textile waste in Cambodia Read More
China has pushed Norway out of the top five export destinations for Denmark, Nordjyske writes. Denmark has exported more to China than to Norway over the past 12 months, according …
Denmark export more to China than Norway Read More
In the Autumn of 2020, Danish Prime Minister Mette Frederiksen ordered for all Danish minks to be put down due to a covid virus mutation found among Danish minks. Danish …
Prices on Danish mink have doubled in China after last years scandal Read More
Thailand’s national airline, Thai Airways International has announced that the airline will resume full service on 36 international routes to destinations in Scandinavia including Denmark and Sweden plus routes in …
Thai Airways to resume international services to 36 destinations including Denmark and Sweden Read More
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