The signing ceremony took place on November 9 in Tokyo under the witness of General Secretary of the Communist Party of Vietnam and and President To Lam, who is paying a 4-day official visit to Japan.
Under the MOU, the two parties agreed to establish a long-term strategic partnership with an estimated total investment of $1 billion, focusing on four key areas: developing submarine cable lines connecting Vietnam with international routes and Japan; building digital and AI/SI infrastructure including data centers, digital parks, and computing facilities; connecting financial resources and international partners; and transferring technology while applying international operating standards to train a high-quality workforce.
Within the partnership framework, Stavian Group will lead project development and investment procedures in Vietnam. Meanwhile, Midas Capital will mobilize financial resources, technology partners, and relevant institutions in Japan and internationally.
A flagship digital infrastructure initiative announced at the event is MViSTA, an open-access international submarine cable system designed to connect Vietnam with Malaysia, Singapore, and Thailand. The project aims to boost international transmission capacity, diversify data connectivity, and support regional data centers, cloud computing, and AI/SI ecosystems.
MViSTA spans approximately 2,500 km with a total capacity of 400 Tbps across 16 fiber pairs. Strategic investors from four countries are participating in the project: Stavian Group (Vietnam), Midas Capital (Japan), OMS Group (Malaysia), and LitUp (Singapore). The system will serve as a crucial backbone to meet surging demand for cross-border data flows, cloud services, and AI/SI applications.
Parallel to MViSTA, Stavian Group, through its subsidiary Stavian High Tech Infrastructure Joint Stock Company (Stavian Hightech), is developing Stavian Digital Park (Stavian DP) in Ho Chi Minh City. Planned across nearly 300 hectares, the project aims to build a centralized digital technology zone catering to hyper-scale cloud service providers, AI/SI data centers, and tech enterprises. The feasibility study for Stavian DP is funded by the US Trade and Development Agency (USTDA) and led by Cushman & Wakefield, with APTelecom acting as the specialized telecommunications subcontractor.
MViSTA and Stavian DP will complement each other, seamlessly linking international transmission networks with domestic data hubs and AI/SI computing power. Through both projects, Stavian Group aims to build a synchronized, globally scalable digital infrastructure ecosystem, bolstering Vietnam's high-tech landscape.
“Digital infrastructure serves as a vital foundation for artificial intelligence, the digital economy, and national competitiveness,” said Mr. Dinh Duc Thang, Chairman of Stavian Group. “Through our partnership with Midas Capital and global partners, Stavian aims to develop internationally standardized submarine cable lines, data centers, and AI/SI facilities, attracting global capital, technology, and expertise to accelerate Vietnam's digital transformation.”
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