Stavian and Midas Capital team up on digital infrastructure

Résumé détaillé

Stavian Group and Midas Capital have agreed to cooperate on submarine cable and digital infrastructure in Vietnam, with expected investment of $1 billion.

The two companies signed an MoU on strategic cooperation in investment and development of submarine cable and digital infrastructure on November 9, with Party General Secretary and State President To Lam witnessing the ceremony. The agreement covers AI infrastructure and aims to strengthen international connectivity and mobilise resources for Vietnam's digital transformation.

The MoU sets out a long-term strategic cooperation framework with an expected total investment of $1 billion across four key areas: developing new submarine cable systems linking Vietnam with international markets, including Japan; building digital and AI infrastructure such as data centres, digital parks, and AI computing facilities; connecting financial resources and international partners; and promoting technology transfer, international operating standards, and high-quality workforce development.

Under the deal, Stavian Group will lead project development and investment procedures in Vietnam, while Midas Capital will help mobilise financial resources, technology partners, and relevant institutions in Japan and internationally. The parties aim to advance specific ventures through further assessment, due diligence, and subsequent implementation agreements.

One of the key digital infrastructure projects is MViSTA, an open submarine cable system designed to connect Vietnam with Malaysia, Singapore, and Thailand. It aims to strengthen international transmission capacity, provide more diverse international data routes, and support the development of data centre, cloud computing, and AI ecosystems in the region.

MViSTA is designed to span approximately 2,500 kilometres, with a capacity of 400 Tbps across 16 fibre pairs. The project involves strategic investors from four countries: Stavian Group (Vietnam), Midas Capital (Japan), OMS Group (Malaysia), and LitUp (Singapore).

Through the subsidiary Stavian Hightech Infrastructure JSC, Stavian Group is also advancing plans for Stavian Digital Park (Stavian…

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