Formula 1 has confirmed that a race in Vietnam will take place in the 2020 Formula 1 season.
The capital city of Vietnam, Hanoi will host the first ever Vietnam Grand Prix event as F1 is set to expand its calendar with the addition of Miami, who are set for a 2020 debut date.
Vietnam will join Japan, China and Singapore on the calendar as one of the Eastern Asian races in F1. Vietnam will also become the sixth Asian race in the sport, with the addition of Bahrain and Abu Dhabi.
Liberty Media has agreed a deal with VinGroup on a multi-year contract to host a race within the streets of Hanoi, as the sport aims to break new ground.
F1’s CEO Chase Carey is delighted to welcome Vietnam into the F1 family and hopes to bring the rich city of Hanoi a thrilling show of Motorsport come 2020.
“We are delighted to announce that Hanoi will host a Formula 1 Grand Prix,” said Carey
“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.”
The proposed street circuit in Hanoi is set to be a 5.565Km circuit that’ll feature two long back straights, multiple hairpins and a twisty final sector passing a football ground.
Nguyen Duc Chung, Chairman, City of Hanoi said that hosting a race within the capital presents an opportunity to increase investment within the country.
“We are proud to be hosting the Formula 1 Vietnam 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,” said Duc Chung.
“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.”
The race is set to take place in April 2020, placing around the time Australia and China will host their races on the calendar. No official dates have been confirmed as of yet by F1.
Nguyen Viet Quang, Vice Chairman and CEO, Vingroup, Promoter is excited to work with F1 on hosting a race in Vietnam and hopes to help achieve their goal in making life better for the people in the country.
“We are excited to see that our work with Formula 1 to secure this deal has finally come to fruition. An essential part of this collaboration has been making sure that we not only showcase the city of Hanoi but also deliver an exciting race for Formula 1 fans in Vietnam and around the world,” commented Viet Quang.
“With the mission of “a better life for Vietnamese people”, VinGroup wants to bring this race to Vietnam because of the general benefits to the society such as more jobs will be created, the infrastructure of Hanoi will be upgraded, and other bigger worldwide events will be encouraged to take place in Vietnam. For VinGroup individually, through the F1 racing event, we are going to proclaim the first Vietnamese car manufacturer, VinFast, to millions of audiences in the world.”