Vietnam’s conglomerate Stavian Group and Japan’s Midas Capital will jointly invest in a submarine cable and digital infrastructure project in Vietnam, worth $1 billion.
In a statement on Monday, Stavian said the two sides have signed a memorandum of understanding for the move. The cooperation will include infrastructure for artificial intelligence (AI). The signing took place in Tokyo, on the sidelines of General Secretary-State President To Lam’s visit to Japan.
The $1-billion MOU covers several areas: new submarine cable routes linking Vietnam with international markets, including Japan; digital and AI infrastructure such as data centers, digital parks and computing facilities; financial resources and international partners; and technology transfer, international operating standards, and workforce training.
Stavian Group will lead project development and investment procedures in Vietnam. Midas Capital will help mobilize financial resources, technology partners, and institutions inside and outside Japan The companies will assess and carry out specific projects through due diligence and later implementation agreements.
One of the projects is MViSTA, an open-access submarine cable system linking Vietnam with Malaysia, Singapore, and Thailand. The facility is 2,500 kilometers long, with 16 fibre pairs and a design capacity of 400 Tb per second. It can increase international transmission capacity, add data routes, and support data centers, cloud computing, and AI applications in the region. Four strategic investors are Stavian Group of Vietnam, Midas Capital of Japan, OMS Group of Malaysia, and LitUp of Singapore.
Dinh Duc Thang, chairman of Stavian Group, said digital infrastructure is central to AI, the digital economy, and national competitiveness. He said the company wants to build submarine cable, data center, and AI projects that can connect and scale to international standards.
Midas Capital’s representative partner, Yoshimura Hideki, said the cooperation links Vietnam’s growth with Japanese capital, technology and business development.
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