Monday, 10 December, 2018

Vietnam's bid to avoid F1 flop

Formula One World Championship Vietnamese Formula 1 Grand Prix Confirmed For 2020 In Hanoi
Cassandra Castillo | 10 November, 2018, 14:17

"Most of our grands prix are now half an hour to an hour outside cities, so the race in Hanoi fulfils of one of our preliminary goals - an iconic city hosting racing on a potentially thrilling street circuit". The first year here was quite hard but it has been improving over time.

"One of the most hard moments of the year was in Russian Federation for me", he had said in Mexico City, referring to a race in which Bottas was asked to move aside to let him win. Carey said the decision to hold the race in Hanoi was a part of Formula One's strategy to move into markets where it hopes to groom a new generation of fans - and boost revenues.

Silverstone has been the home of the race since 1987, having alternated with Brands Hatch for more than two decades before that, and is the only current British track capable of hosting F1.

The as-of-yet unnamed counterclockwise street circuit will be 5.565 kilometers (3.46 miles) in length and feature one of the longest straights (1.5 km) on the calendar.

Vietnam has also vowed not to dip into government coffers and has secured full financial backing from the country's largest private sector company, VinGroup, run by Vietnam's richest man who is worth an estimated US$6.3 billion.

"We're a 68-year-old entity and the nature of grand prix racing is that it is dynamic", Bratches said. "It's most likely I'm not going to be here when it gets to 25 that's for sure".

More news: Harmanpreet Kaur slams ton as India beat New Zealand in opener

F1 organisers in Malaysia are all too familiar.

The South-East Asian country is a growing market for sponsors such as brewer Heineken and will give the region four races on the calendar again after the departure of Malaysia past year. "There will be a greater effort", said team boss Otmar Szafnauer.

"And I don't think that's the healthiest way to deal with things as partners".

He hopes to rope in younger fans by promoting F1's digital media - including its eSports world championship rolled out past year - and is trying to groom more Asian and female racers to diversify its audience.

Singapore has managed just that.

Although the size of that year's calendar is now unconfirmed, F1 hopes the season will include a street race in Miami after the planned 2019 edition was postponed.

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