Monday, 10 December, 2018

Vietnam to host Formula One race from 2020

Track Edit- HD- ENG Formula 1: Vietnam to host first ever grand prix in 2020
Cassandra Castillo | 09 November, 2018, 15:01

Vietnam's Hanoi capital will host Formula One (F1) vehicle race for the first time in April 2020, the municipal authorities announced on Wednesday.

The race should be the first new addition to the calendar to go ahead since Liberty Media took over the running of F1.

Vietnam will be the fourth East Asian country on the calendar with Singapore, China and Japan.

"We're very proud to be announcing this race in 2020", Carey told reporters in Hanoi as details of the event were unveiled. I look forward to this becoming a real highlight of the F1 calendar'.

The reproduction of the story/photograph in any form will be liable for legal action.

Talks to hold a street race in the city have taken place since the start of the year, with the event gaining local and government support in recent weeks, paving the way for a multi-year deal to be agreed.

That's right-Formula 1 is heading to Vietnam.

"The race is also an important part of our broader strategy to grow our sport in Asia, and clearly Vietnam is a driving force for the growth in Asia".

More news: Brendan Rodgers says Celtic supporters helped drive team to Europa League win

Formula One's commercial boss has issued a warning to the sport's most historic circuits, warning them there's no guarantee they'll be hosting a race in the future.

Vietnam is the first race to be announced under the ownership of Liberty Media, who continues its plans to revoelucanise F1 and continue its expansion globally.

It will be a similar story in Hanoi, with F1 using elements of the Nurburgring, Suzuka and Monte Carlo's famous street circuit in an attempt to bring thrilling racing to Vietnam.

Chung said the GP would be funded by private enterprise headed by Vingroup, the country's largest private conglomerate.

"We are excited to see that our work with Formula 1 to secure this deal has finally come to fruition", added Nguyen Viet Quang, Vice Chairman and CEO, Vingroup.

The circuit has been designed by a collaboration between F1's motorsports team, circuit design company Tilke as well as input from city of Hanoi authorities and Vingroup, with governing body the FIA also part of the process.

Vietnamese officials see the race as an opportunity to boost both domestic and global tourism, while Vingroup sees it as a chance to tell the world about its own car-manufacturing ambitions.

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