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Vietnam's Stavian Group and Japan's Midas Capital Sign $1B Submarine Cable and AI Infrastructure Deal

By: IDCNOVARegion: Southeast Asia
Vietnam's Stavian Group and Japan's Midas Capital have signed a memorandum of understanding to jointly invest $1 billion in submarine cable and digital infrastructure projects in Vietnam, in a deal that underscores the country's ambitions to strengthen its connectivity and artificial intelligence capabilities.

The agreement, signed in Tokyo on the sidelines of General Secretary-State President To Lam's visit to Japan, covers new submarine cable routes linking Vietnam with international markets including Japan, as well as digital and AI infrastructure such as data centers, digital parks and computing facilities. The partnership also encompasses financial resource mobilization, international partner engagement, technology transfer, international operating standards and workforce training.

Under the arrangement, Stavian Group will lead project development and investment procedures in Vietnam, while Midas Capital will help mobilize financial resources, technology partners and institutions both inside and outside Japan. The two companies will assess and carry out specific projects through due diligence and subsequent implementation agreements.

One of the flagship projects is MViSTA, an open-access submarine cable system connecting Vietnam with Malaysia, Singapore and Thailand. The system spans 2,500 kilometers, features 16 fibre pairs and has a design capacity of 400 terabits per second. It is intended to expand international transmission capacity, add data routes and support data centers, cloud computing and AI applications across the region. The four strategic investors in MViSTA 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, adding that the company aims 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.

The deal reflects a broader push by Southeast Asian economies to attract foreign investment in digital infrastructure as demand for data center capacity and AI computing continues to rise. For Vietnam, the partnership with Japanese capital and expertise could accelerate the buildout of the connectivity backbone needed to support its growing digital economy and position the country as a regional hub for AI-related infrastructure.