Vietnam to host Formula 1 Grand Prix in 2020April 10th 2019
Formula 1 and the City of Hanoi announced that a Grand Prix will be held in the Vietnamese capital from April 2020
As the first new race to be announced under Liberty Media’s ownership, the Vietnamese Grand Prix represents Formula 1’s firm commitment to the Asia region where races are already well established in Singapore, China and Japan.
Working in close collaboration with the City of Hanoi authorities, the Promoter and Formula 1 Motorsport department, the 5.565km track will deliver an exciting racing experience for the drivers as well as the fans
Chase Carey, Chairman and Chief Executive, Formula 1 said:
“We are delighted to announce that Hanoi will host a Formula 1 Grand Prix. Since we became involved in this sport in 2017, we have talked about developing new destination cities to broaden the appeal of Formula 1 and the Vietnamese Grand Prix is a realisation of that ambition. We are thrilled to be here in Hanoi, one of the most exciting cities in the world right now with such a rich history and an incredible future ahead of it. This is the perfect formula for Grand Prix racing and I look forward to this becoming a real highlight of the F1 calendar. Our Motosport team, working in collaboration with the City of Hanoi and promoter Vingroup, has worked to enable a circuit that will not only test the drivers but also ensure that our fans enjoy the racing spectacle. We are really looking forward to seeing Formula 1 cars speeding around the streets of this fantastic city from 2020.”
Nguyen Duc Chung, Chairman, City of Hanoi said:
“We are proud to be hosting the Formula 1 Vietnamese Grand Prix, and showcasing the city of Hanoi to the world with its special combination of ancient and moden beauty from 2020. It’s a further demonstration of Vietnam’s ability, as one of the fastest growing economies in the world to host events on a global scale and attract tourism to the country. It provides an opportunity for inward investment to Vietnam and importantly to bring the exciting wheel to wheel racing of Formula 1 to the people of Vietnam.”
In other efforts to boost tourism, Vietnam now allows for online visa applications and waives visas entirely for some countries. The government created a tourism development fund to assist travel companies with marketing and staff training while investing in roads, bridges and airport expansions.