1) Render an SVG image into a MIDP CustomItem and display that alongside other lcdui widgets in a MIDP Form. The disadvantage is that the standard MIDP layout manager will not allow you to overlap the SVG image with any other MIDP widget.
2) Create your own custom SVG-based widgets. This has several advantages such as making your UI more consistent (not switching between lcdui- and SVG-based elements) as well as it gives you new possibilities for UI design that standard widgets don't give you (animations, transitions, etc). Creating custom widgets is actually easier than it sounds because the hard parts (scaling, rendering, animations) are done by the SVG engine.