Stavian Group and Midas Capital sign strategic cooperation MoU to develop submarine cable and digital infrastructure in Vietnam
The signing ceremony between Stavian Group and Midas Capital, witnessed in Tokyo, Japan, by Party General Secretary and State President To Lam, also marks the official announcement of the MViSTA submarine cable project connecting Vietnam with Malaysia, Singapore, and Thailand.
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Tokyo, Japan, November 9, 2026 – Stavian Group and Midas Capital have signed a Memorandum of Understanding (MOU) on strategic cooperation in investment and development of submarine cable and digital infrastructure, including infrastructure for AI and SI (Super Intelligence) in Vietnam.
The signing ceremony was witnessed by Party General Secretary and State President To Lam, underscoring the importance of international cooperation in advancing high-tech infrastructure, strengthening international connectivity, and mobilizing resources to support Vietnam’s digital transformation.
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| Mr. Tony, Dinh Duc Thang, Chairman of Stavian Group (third from left, front row), represents Stavian Group at the ceremony for the exchange of Vietnam–Japan cooperation documents, witnessed by Party General Secretary and State President To Lam in Tokyo, Japan. |
The MOU established a long-term strategic cooperation framework with an expected total investment of USD 1 billion, focusing on four key areas: developing new submarine cable systems connecting Vietnam with international markets, including Japan; developing digital and AI & SI infrastructure, including data centers, digital parks and AI & SI computing infrastructure; connecting financial resources and international partners; and promoting technology transfer, international operating standards and high-quality workforce development. Under the cooperation framework,
Stavian Group will lead project development and investment procedures in Vietnam, while Midas Capital will help mobilize financial resources, technology partners and relevant institutions in Japan and internationally. The parties aim to advance specific projects through further assessment, due diligence and subsequent implementation agreements.
One of the key digital infrastructure projects announced on this occasion is MViSTA, an open submarine cable system designed to connect Vietnam with Malaysia, Singapore and Thailand. The project aims to strengthen international transmission capacity, provide more diverse international data routes and support the development of the region’s data center, cloud computing and AI & SI ecosystem.
MViSTA is designed to span approximately 2,500 kilometers, with a design capacity of 400 Tbps across 16 fiber pairs. The project involves strategic investors from four countries: Stavian Group (Vietnam), Midas Capital (Japan), OMS Group (Malaysia) and LitUp (Singapore).
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| The signing ceremony aims to promote international cooperation in high-tech infrastructure development, strengthen connectivity and mobilize resources to support Vietnam’s digital transformation. |
Alongside MViSTA, Stavian Group, through the subsidiary Stavian Hightech Infrastructure JSC, is advancing plans for Stavian Digital Park (Stavian DP) in Ho Chi Minh City.
Planned across approximately 300 hectares, Stavian DP is planned as a dedicated digital technology zone serving hyperscale cloud service providers, AI and SI data centers, enterprises, and other organizations requiring digital infrastructure. The project’s feasibility study is funded by the U.S.
Trade and Development Agency (USTDA) and led by Cushman & Wakefield, with APTelecom participating as a specialist telecommunications subcontractor.
MViSTA and Stavian DP are envisioned as complementary components of an integrated digital infrastructure ecosystem, linking international data transmission with data center facilities, AI and SI infrastructure computing capabilities.
Through these projects, Stavian Group aims to develop an integrated digital infrastructure ecosystem that can scale in line with international standards, strengthen connectivity, and support the advancement of high technology in Vietnam.
The MOU between Stavian Group and Midas Capital also reflects the parties’ shared commitment to contributing to the implementation of Politburo Resolutions No. 57-NQ/TW and No. 68-NQ/TW, while advancing the Vietnam–Japan Comprehensive Strategic Partnership through infrastructure development, resource mobilization and technology transfer.
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| MViSTA and Stavian DP are envisioned as complementary components of an integrated digital infrastructure ecosystem, linking international data transmission with data center facilities. |
Speaking at the event, Mr. Tony, Dinh Duc Thang, Chairman of Stavian Group, said: “Digital infrastructure is a fundamental foundation for the development of Super Intelligence, the digital economy and national competitiveness.
Through our cooperation with Midas Capital and international partners, Stavian Group aims to develop submarine cable, data center and AI & SI infrastructure projects with connectivity and scalability aligned with international standards.
We expect this cooperation to help connect investment resources, technology and international expertise, supporting Vietnam’s digital infrastructure development and digital transformation while expanding technology cooperation with Japan and other partners across the region.”
Through cooperation with Midas Capital and the development of MViSTA and Stavian DP, Stavian Group continues to expand its activities in technology and infrastructure, in line with four core business pillars: Industry, Technology, Energy and Trade. These initiatives reflect Stavian Group’s commitment to contributing to Vietnam’s digital transformation and the development of its high-tech ecosystem.
