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.
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
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