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 European Commission is looking at ways to make EU states phase out Huawei and ZTE from their telecom networks. A 2020 recommendation to avoid high-risk suppliers could become binding …
EU move against Huawei lifts Nordic telecoms Nokia and Ericsson Read More
Norway has pledged up to USD 3 billion to a new Brazil-led initiative that aims to reward tropical countries for preserving their forests. The facility, known as the Tropical Forests …
Norway pledges up to USD 3 billion to new global forest fund Read More
Chinese electric vehicle maker Nio has closed its only battery swap station in Denmark, located in Slagelse, marking the first shutdown of a Nio swap facility in Europe since the …
Nio closes Denmark battery swap station ahead of market relaunch Read More
Philstar Global reports a joint Philippine–Danish effort is positioning the Philippines to scale up as a regional shipbuilding center, with recent OECD and World Bank assessments indicating the country could …
Danish–Philippine initiative backs Philippines’ journey to become Asian shipbuilding hub Read More
Finnish construction technology company Peikko Group Corporation showcased its advanced precast connection solutions at the BCA-SCAL Seminar 2025 in Singapore on 4 November. The event, themed “Elevating Productivity through Innovative …
Finnish Peikko highlights innovative construction at Singapore seminar Read More
Danish jewellery brand Pandora has established a new regional headquarters in Singapore to accelerate expansion across Asia. The office will coordinate operations for markets including Japan, South Korea, India, and …
Pandora opens Asia headquarters in Singapore to drive regional growth Read More
Swedish textile startup Syre AB plans to raise up to USD 700 million to build a new factory in Vietnam, following a multi-year supply deal with Nike Inc. The company’s …
Swedish textile recycler Syre plans $700 million Vietnam plant after Nike deal Read More
AP Moller–Maersk has opened its largest contract logistics centre in Asia Pacific — the Maersk Mega Distribution Centre (Mega DC) — located in Shah Alam, Malaysia. Covering nearly 180,000 square …
Maersk opens mega logistics centre in Malaysia Read More
Norwegian health supplement company Noromega is expanding into Thailand, seeking to replicate the success it has achieved in China through e-commerce and livestreaming. The brand entered the Chinese market in …
Norwegian supplement brand Noromega eyes Thai market after China success Read More
Swedish home furnishing giant IKEA reaffirmed its long-term commitment to the Chinese market at the China International Import Expo (CIIE) in Shanghai, focusing on innovation, sustainability, and inclusive design. “The …
IKEA highlights local innovation and inclusive design in China Read More
At the 8th China International Import Expo (CIIE) in Shanghai, Swedish engineering and service company Alfa Laval reaffirmed its strong commitment to China, calling it the company’s most important market. …
Swedish engineering company highlights China as key market Read More
Danish dairy cooperative Arla Foods is strengthening its commitment to innovation, premium nutrition, and localized product development as it marks its eighth consecutive participation at the China International Import Expo …
Arla intensifies focus on innovation and local nutrition in China Read More
Sweden has taken a major step to boost food exports to China with new agreements covering oats and malt, signed during Minister for Rural Affairs Peter Kullgren’s visit to Beijing …
Sweden opens Chinese market for oats and malt Read More
Asia has become a hotbed of online consumer fraud. As more global brands like IKEA enter the region, being vigilant is a top priority. In October, Swedish furniture retailer IKEA …
As IKEA Expands in the Philippines, Experts Warn of Rising Shopping Scams Targeting Consumers Across Asia Read More
Norwegian seafood exports saw a slight decline in October, but record sales of salmon — particularly to Asia — helped keep the figures strong. According to the Norwegian Seafood Council, …
Asia drives record demand for Norwegian salmon despite overall export dip Read More
Danish jewellery brand Pandora has trimmed its 2025 sales forecast, citing a challenging consumer environment and weaker demand in key markets, particularly China and Europe. The company now expects full-year …
Pandora lowers sales forecast amid market slowdown Read More
Swedish fashion house Acne Studios has opened its first store in Thailand, marking a new chapter in the brand’s expansion across Asia. Located on the ground floor of one of …
Acne Studios opens first boutique in Bangkok Read More
Swedish MedTech company Mölnlycke Health Care has begun construction of its first wound care manufacturing site in China, marking a new milestone in the company’s expansion across Asia. The new …
Mölnlycke opens first wound care manufacturing site in China Read More
Danish renewable energy investor Copenhagen Infrastructure Partners (CIP) will develop its first offshore wind project in Southeast Asia, committing USD 3 billion to a major wind farm in the Philippines. …
Denmark’s CIP launches $3B offshore wind project in the Philippines Read More
Norway’s ZEM AS (Zero Emission Maritime Solutions) has partnered with the Philippine Association of Coastal and Inland Water Ferries (Paciwfi) and IMP Shipyard and Port Services to build the Philippines’ …
Norway–Philippines to develop electric-hybrid ferry Read More
Finland’s national carrier Finnair will significantly increase its services to Thailand in the winter 2026/2027 season, confirming a record 25 weekly flights between Helsinki and Thailand. The carrier currently operates …
Finnair to offer record Thailand flights in winter 2026/2027 Read More
Sweden is serving as Country of Honor at this year’s China International Import Expo (CIIE) in Shanghai, marking 75 years of diplomatic relations between the two countries. A Swedish delegation …
Sweden takes spotlight at China import expo Read More
Nordic energy company Neste is marking two major milestones, celebrating 15 years of renewable refining in Singapore and 60 years of operations at its Porvoo oil refinery in Finland. The …
Neste marks 15 years in Singapore, 60 years in Finland Read More
Singapore and Sweden have agreed to deepen cooperation on regional power grid development, clean energy and nuclear safety as part of ongoing efforts to support Southeast Asia’s green transition. The …
Singapore and Sweden expand energy cooperation Read More
On 30 October 2025, the Embassy of Denmark in Vietnam and LTP Group – Asia inaugurated LTP’s renovated garment factory in Ho Chi Minh City, equipped with a modern rooftop …
Vietnam and Denmark advance Green Strategic Partnership with solar-powered factory in Ho Chi Minh City Read More
Gia Lai Province has withdrawn from a Finland-funded phase of the Pleiku urban drainage and wastewater treatment project, citing conflicts between the donor’s conditions and Vietnam’s procurement and investment laws. …
Gia Lai cancels 27.2 million$ Finnish ODA for Pleiku wastewater project, opts for domestic funding Read More
The Philippine and Swedish governments have agreed to strengthen cooperation on sustainable mining and the development of critical minerals for the global clean energy transition. The move marks a new …
Philippines and Sweden goes deep into mining negotiations Read More
Airways Aviation has signed a partnership with Vietjet Aviation Academy to deliver pilot training programmes in Europe. The agreement was concluded in Helsinki during Vietnam’s Party General Secretary Tô Lâm’s …
Airways Aviation and Vietjet Aviation Academy sign Helsinki partnership Read More
Business Sweden Malaysia and the Malaysia Semiconductor Industry Association (MSIA) have signed a memorandum of understanding to strengthen collaboration in semiconductors. The agreement aims to accelerate innovation, sustainability and supply-chain …
Business Sweden and MSIA sign MOU to boost Sweden–Malaysia semiconductor cooperation Read More
Sweden and Singapore have signed a Memorandum of Understanding (MoU) to deepen collaboration in the rapidly advancing field of quantum technology. The agreement, signed in Singapore by the National Quantum …
Sweden and Singapore strengthen partnership in quantum technology Read More
Thinh Ngo loves baking. Always has. Always will. Baking brings him joy. He can combine flour, eggs, and sugar into the most delicious pastries that make people happy. Baking has …
Thinh bakes with a Danish heart in Hanoi Read More
Swedish modular builder SIBS (Scandinavian Industrialized Building Systems) has won its first order in Australia: 50 small secondary homes, known as ADUs. The units will be produced in SIBS’ factories …
Sweden’s SIBS to build 50 small homes for Australia in Penang, Malaysia Read More
Grundfos has released a new whitepaper, “Smart Pumps, Green Tomorrow,” developed with Arthur D. Little, outlining how smart, energy-efficient water systems can cut electricity use and Scope 2 emissions in …
Penang will host Grundfos summit on 11 November Read More
Norway has cautioned that Russia’s plan to set its own Barents Sea cod quota and reduce the minimum catch size would be “incredibly dangerous” for stock management. The warning follows …
Drama in the fish pond: Russian cod could beat Norwegian salmon in China Read More
Axis Communications, the Swedish network video company, has opened a new office and Axis Experience Center (AEC) in Kowloon Bay, Hong Kong. The site is designed as an immersive hub …
Axis Communications opens Hong Kong Experience Center with Swedish envoy in attendance Read More
IKEA Malaysia has concluded its 2025 Ultimate Cook-Off, naming champion teams at in-store finals in Cheras, Tebrau and Batu Kawan. Each winning team receives a kitchen makeover worth RM10,000 as …
Ready, set, cook! Malaysian IKEA competition Read More
SkyGate Solutions has agreed to sell a 1.8-acre leasehold factory in Bayan Lepas, Penang, to Danish medical device maker Ambu for 61 million DKK, with completion targeted by July 2026. …
Danish medtech Ambu buys Penang factory from SkyGate for 61 million DKK Read More
China’s Ministry of Commerce will hold a public hearing on October 31 on the anti-dumping investigation into EU pork, with envoys from Denmark among the attendees. The probe, launched in …
Bacon diplomacy: Denmark to attend Beijing hearing on anti-dumping probe into EU pork Read More
Chonburi Hospital and Novo Nordisk Pharma (Thailand) Ltd. held the “Unlock and Rock Haemophilia” event on 20 October 2025 in Chonburi to raise awareness and improve understanding of haemophilia among …
Chonburi Hospital partners with Denmark’s Novo Nordisk Read More
Henley & Partners’ new Global Investment Risk and Resilience Index, released on 27 October 2025, places Singapore alongside Denmark, Norway and Sweden among the world’s most secure destinations for investors, …
Singapore and Nordic countries rank among world’s most secure for investment Read More
Sweden has awarded a one million euro grant to fund a feasibility study for the Subic–Clark–Manila–Batangas (SCMB) railway, a flagship project under the Luzon Economic Corridor. The agreement was signed …
Sweden grants million euros for Luzon Economic Corridor railway study Read More
Mrs Keoamphone Souvannaphoum (right) and Dr Saykham Souksanith display the signed MoUs. Photo: Vientiane Times. CARE Denmark is supporting a new initiative to strengthen livestock systems and improve rural livelihoods …
Denmark-backed livestock project launched in northern Laos Read More
IKEA China will present a series of new products and sustainability collaborations under the theme “Home is more than you think” at the upcoming 8th China International Import Expo (CIIE) …
IKEA China unveils local innovation strategy at 8th China International Import Expo Read More
Swedish truck maker Scania has inaugurated its new €2 billion factory in Rugao, China — the company’s largest overseas investment. In an interview with China Daily, Christian Levin, president and …
Scania CEO sees China as key to solving global production bottlenecks Read More
Following the recent elevation of Vietnam–Finland relations to a strategic partnership, a Vietnamese delegation has explored opportunities for cooperation in innovation and space technology during an official visit to Finland. …
Vietnam explores innovation and space cooperation with Finland Read More
Swedish home furnishing giant IKEA has opened its second branch in the Philippines, introducing a new “Plan & Order” shop at Trinoma Mall in Quezon City. At just 400 square …
IKEA opens second store in the Philippines with new ‘Plan & Order’ concept Read More
Singapore’s Seatrium has confirmed it received a notice of arbitration from Denmark’s Maersk Offshore Wind following a disagreement over a $475 million contract for a nearly completed wind turbine installation …
Maersk Offshore Wind takes Seatrium to arbitration over $475 million vessel dispute Read More
Bangkok Expressway and Metro Public Company Limited (BEM) has chosen Finnish technology leader Nokia to deploy a next-generation communications network for the city’s upcoming MRT Orange Line — a major …
Finnish technology powers Bangkok’s new Orange Line railway network Read More
Swedish ferry and shipping company Stena Line has taken another step in its fleet modernization by signing a letter of intent with China Merchant Industries for the construction of up …
Sweden’s Stena Line orders new, larger Ro-Ro vessels from China Read More
In a meeting with Vietnam’s Deputy Prime Minister Trần Hồng Hà, leaders of Italy’s Fincantieri Group discussed plans for new investments in high-tech shipbuilding in Vietnam, where its Norwegian-rooted subsidiary …
Strong signal for Norwegian–Vietnamese maritime cooperation Read More