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 pressure is mounting on one of Sweden’s most iconic carmakers. Swedish Volvo Cars is tightening its ties with Chinese owner Geely Holding as global competition intensifies, according to new …
Volvo deepens China cooperation to navigate tougher market Read More
Singapore-based Bitdeer Technologies Group, a tech firm focusing on artificial intelligence (AI) and Bitcoin mining infrastructure, is teaming up with local partner Data Center Installations AS to create what could …
Singapore tech firm to build Norway’s largest AI data center by 2026 Read More
Finnish lifestyle brand Marimekko is taking its bold, colorful designs to new corners of Southeast Asia, Fashion Network reports. The company plans to open its first stores in Indonesia and …
Finnish design giant expands in Southeast Asia Read More
Danish shipping company NORDEN has ordered two new ice-class multipurpose vessels from China’s Wuchang Shipbuilding Industry Group as part of a long-term contract with Swedish mining company LKAB. The contract …
NORDEN orders ice-class vessels in China for long LKAB contract Read More
In the Philippines, Danish technology is now helping reshape an industry long challenged by delays and inefficiencies, Phil Star reports. Construction firm Magis X has introduced robotic building systems powered …
Philippine builder adopts Danish robotics to transform home construction Read More
The Danish pharmaceutical giant Novo Nordisk has reported encouraging results from a new diabetes and weight loss drug developed with a Chinese partner, Fierce Biotech reports. The candidate, known as …
Novo Nordisk tests China-developed drug for obesity and diabetes while competition is growing Read More
Vietnam has become the fastest-growing market for Norwegian salmon in Southeast Asia, with strong demand expected to continue through 2026, Vietnam Plus reports. Fresh salmon exports to Vietnam rose 16% …
Vietnam emerges as fastest growing market for Norwegian salmon Read More
China’s seafood market is showing mixed trends, with strong demand for salmon but weaker interest in cod. Norwegian salmon exports increased in week 12, with 18,383 metric tonnes of fresh …
China expands domestic “salmon” production as Norwegian exports rise and cod weakens Read More
The Dutch brewer Heineken will phase down large-scale production at its Tuas brewery in Singapore by the end of 2027 as part of a shift to a new supply model, …
Heineken to phase out Singapore production and move it to Malaysia and Vietnam Read More
Ericsson has celebrated its 120th anniversary in Thailand by announcing a partnership with the country’s Digital Economy Promotion Agency (depa), Ericsson reports in a press release. The collaboration will integrate …
Ericsson marked its 120th anniversary in Thailand with a new education partnership Read More
Finnish companies are still focusing on China, even though there are growing political tensions in the world. According to CGTN, Finnish companies expressed continued interest in China as business leaders …
Finnish firms keep focus on China despite tensions Read More
The Norwegian hydrogen company, Umoe Advanced Composites, has opened a 12,000 square metre factory in Jiaxing, China, where it has begun producing hydrogen storage cylinders as part of its expansion …
Norwegian hydrogen company opens factory in China Read More
A new generation of typhoon-resistant wind turbines is taking root in the Philippines, marking both a technological leap and a structural shift in the country’s energy future, Gulf News reports. …
Philippines builds typhoon-proof wind farms with Danish investment Read More
The Chinese shopping platform Temu is now among the most visited online stores in Finland. Temu ranks seventh in terms of website visits, according to a recent survey by the Finnish …
One in ten euros from online shopping in Finland ends up in China Read More
APM Terminals, part of Danish shipping group A.P. Møller – Mærsk, has become a 49 percent minority shareholder in the Hateco Hai Phong International Container Terminal (HHIT) in northern Vietnam. …
APM Terminals takes stake in major Hai Phong Read More
A new report from ABB finds that 63 percent of industrial companies in Malaysia have already invested in energy efficiency. A further 33 percent plan to invest within the next …
ABB report shows rising energy efficiency push in Malaysia Read More
Swedish transport and outdoor brand Thule has spotlighted changing mobility habits in the Philippines during an event at its concept store in Manila’s Mall of Asia, Daily Tribune reports. “Filipinos …
Thule opened in Manila: Bringing mobility-driven lifestyle to the Philippines Read More
Malaysia may step in to help tourism businesses as rising diesel prices make it more expensive to run tour buses, coaches, and shuttle services. The issue comes just as the …
Malaysia looks at help for tourism firms as diesel prices rise Read More
Vestas is no longer among the world’s five largest wind turbine manufacturers, after Chinese companies installed more turbines in 2025. According to a report from the World Forum Offshore Wind, …
Chinese wind boom pushes Danish Vestas out of global top five Read More
Novo Nordisk will lose patent protection for its blockbuster drug Ozempic in several major markets from Saturday. The patent expiry opens the door for other manufacturers to produce cheaper generic …
Novo Nordisk will lose patent protection on Saturday Read More
AstraZeneca plans to build a cell therapy manufacturing and supply base, as well as an innovation centre, in Shanghai, according to Reuters. The facility will produce CAR-T cell therapies, a …
AstraZeneca aims to be first with full cell therapy capabilities in China Read More
China will introduce revised rules for imported food from June 1, tightening oversight of overseas manufacturers, according to the General Administration of Customs. The new regulations require foreign food producers …
China tightens food import rules, affecting overseas exporters including Nordic producers Read More
Danish furniture brand Fritz Hansen is testing a new retail concept in Singapore that combines a showroom with a restaurant, according to Tatler. The concept, launched at Henderson Road, pairs …
Danish brand Fritz Hansen tests new retail concept in Singapore Read More
Danish shipping and logistics company Maersk has opened a new fully automated warehouse in Singapore, marking its largest investment in the country to date, according to a press release from …
Danish giant Maersk opens SGD 200 million automated warehouse in Singapore Read More
A Swedish solar company is making a move into Thailand. The company Midsummer has opened a new regional office in Bangkok, aiming to expand its presence and bring innovative solar …
Midsummer enters Thai market with innovative solar solutions Read More
Trade between Sweden and Thailand is picking up speed. New figures show that Swedish exports to Thailand reached around SEK 6.5 billion (THB 22.3 billion) in 2025, Embassy of Sweden …
Trade between Sweden and Thailand hits new momentum Read More
Danish jewellery company Pandora has signed a memorandum of understanding with Vietnam Singapore Smart Energy Solutions JSC to use electricity from a solar farm for its production facility in Vietnam. …
Pandora signs solar power deal for Vietnam facility Read More
Chinese battery materials company Putailai is turning to Southeast Asia after scrapping a planned project in Sweden. The company said on 11 March it will invest 297 million USD in …
Chinese Putailai ditches Sweden plans for Malaysia plant Read More
The stakes are high in one of the world’s largest pork markets. Vietnam ranks as the sixth biggest producer globally. Yet nearly half of its pork still comes from small-scale …
Danish expertise to boost Vietnam’s pork industry Read More
Sweden’s telecom giant Ericsson has entered Vietnam’s airport sector through a new partnership with state-owned operator VNPT, according to a press release by Ericsson. The collaboration will deliver next-generation mobile …
Ericsson partners with VNPT to upgrade Vietnam’s airports Read More
Sweden’s Candela, Norway’s Ocean Sun and Singapore’s Canopy Power have joined forces to develop floating solar-powered charging stations for electric vessels in remote parts of Asia-Pacific. The partnership aims to …
Swedish, Norwegian and Singapore firms team up on floating solar charging for electric boats Read More
True Corporation has confirmed that the share sale between Norway’s Telenor and Arise Digital Technology was completed on 13 March. Under the deal, Arise acquired shares equal to 24.95 percent …
Telenor completes True stake sale Read More
Indonesia is reviewing a possible scheme under which Norway would buy carbon credits from planned floating solar power projects in the country. Eniya Listiani Dewi, Director General of New and …
Norway eyes carbon credits from Indonesia floating solar projects Read More
China became Norway’s largest salmon market for one week in February, as shipments ahead of Lunar New Year pushed it past Poland. More than 4,000 tonnes of Norwegian salmon were …
China briefly becomes Norway’s biggest salmon market Read More
China has summoned representatives from Danish shipping giant Maersk and Swiss-based MSC to a meeting on international shipping practices. The move comes after Panama cancelled contracts for two canal ports …
China summons Maersk after Panama ports takeover Read More
Norwegian seafood exports to Asia have been disrupted after new fighting in the Middle East led to airspace closures across the region, IntraFish reports. The conflict, involving attacks between Israel, …
Middle East conflict disrupts Norwegian seafood exports to Asia Read More
A growing number of Chinese technology companies are moving their headquarters to Singapore in order to attract Western investors and expand globally, Asia Tech Review reports. The strategy has even …
Chinese tech firms “Flip” to Singapore with investments reaching Finland Read More
China Eastern will resume direct flights between Shanghai Pudong and Stockholm Arlanda from 22 June 2026. The route will operate three times a week with an Airbus A330-200, marking the …
China Eastern will resume Shanghai–Stockholm flights from 22 June Read More
Danish cookie maker Kelsen Group, responsible for the popular Kjeldsen cookies, says it is closing subsidiaries in China and Hong Kong. The company links the move to a change in …
No fortune for this cookie; Kelsen Group stops in China and Hong Kong Read More
Vietnam-based VinEnergo, part of the Vingroup group, says it has secured agreements to develop a 10 gigawatt (GW) overseas portfolio of renewable energy projects. A GW is a measure of …
Vietnam’s VinEnergo teams up with Denmark’s GreenGo Read More
The Danish Dairy Board has completed a three-year consumer campaign in the Philippines on EU organic dairy, INSIDER PH reports. The project was co-funded by the European Union and led …
Danish Dairy Board ends EU-backed organic dairy campaign in the Philippines Read More
Swedish telecom firm Ericsson and Malaysia’s 5G network provider Digital Nasional Berhad (DNB) say they deployed scam-message detection in DNB’s network, in a press release on 3 March. The companies …
Ericsson and Malaysia’s DNB trial 5G tool to detect scam transmitters Read More
ScanCom International A/S says it will cease operations and close the company, citing several difficult years after Covid-19 and a continued challenging market outlook in a press release on 2 …
Danish furniture maker ScanCom will close after 30 years Read More
Self-driving vehicles are now part of daily operations for the Swedish furniture giant in China, INGKA reports. IKEA has introduced autonomous electric vehicles at its store in Hefei, Anhui Province, …
IKEA in China adopts self-driving transport after successful trial Read More
Fresh Norwegian salmon shipments to Vietnam are being delayed after flight cancellations across Middle East transit routes. Several retailers in Ho Chi Minh City said suppliers have cancelled or postponed …
Vietnam retailers warn of Norwegian salmon shortages due to war in the Middle East Read More
Yubico AB, a Swedish tech company that makes the YubiKey, has opened a new global headquarters in Singapore. A YubiKey is a small physical security “key” you plug in or …
Swedish cybersecurity firm Yubico opens Singapore as third global headquarters Read More
First Sweden. Now Norway. In just a matter of weeks, major discoveries of rare and critical metals in the Nordic region have reignited hopes that Europe could loosen Beijing’s grip …
The ground beneath Scandinavia is starting to shift Europe’s dependence on China Read More
Hong Kong’s Centre for Food Safety has told the trade to halt certain poultry imports from affected areas in Denmark and Sweden. The move follows reports of highly pathogenic H5N1 …
Hong Kong suspends poultry imports from Denmark and Sweden after H5N1 outbreaks Read More
The EFTA–Singapore Digital Economy Agreement (ESDEA) entered into force for Singapore and Norway today, Singapore’s Ministry of Trade and Industry announced in a press release. The agreement sets rules to …
Norway and Singapore enters into trade deal Read More
Danish shipping company Maersk has decided to pause some of its ships sailing through the Red Sea because of the growing military conflict involving the U.S., Israel and Iran. In …
Maersk stops Red Sea shipping due to Middle East conflict Read More