Formula One’s owners Liberty Media have confirmed that the Vietnam Grand Prix will be added to the calendar, starting from 2020.
As the sport looks to expand and increase it’s international audience, the capital city of Hanoi will play host to the inaugural Vietnamese Formula One race. The 22-turn, 5.565km street circuit which will become the fourth Asian race on the calendar, adding to Japan, Singapore and China.
The Vingroup-backed “multi-year deal” is the first new race to be announced by Liberty Media since their acquisition of the the sport at the end of 2016.
The circuit features sections inspired from Suzuka, the Sepang International Circuit, Monaco and the Nurburgring, and includes a 1.5km straight.
“We are delighted to announce that Hanoi will host a Formula 1 Grand Prix,” said chairman and chief executive of Formula One Chase 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 Motorsport 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 promoters of the race, Vingroup, are a conglomerate whose subsidiary businesses are in a variety of sectors including real estate, retail and automotive (VinFast, who plan to start production of their road cars in 2019).
Nguyen Viet Quang, Vice Chairman and CEO, Vingroup, Promoter said: “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.
“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.”
It remains to be seen if the addition of Vietnam warrants the removal of an existing event on the calendar. The 2019 season will remain at 21 races, but teams have resisted the idea of more races being added to the schedule.
By: Luke Murphy
All images: Motorsport Images
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