MGM Mirage announced it is teaming up with an Asian development company to build a "Las Vegas-style" casino in Vietnam. Asian Coast Development Ltd. will own and finance the MGM Grand Ho Tram. MGM Mirage will give development assistance and operate the resort property when it’s completed. MGM Grand Ho Tram will anchor a USD 4.2 billion resort complex being built along the South China Sea beaches about 128 km from Ho Chi Minh City.