Formula 1 will race in Vietnam from the 2020 season after agreeing a deal for a new grand prix in Hanoi.
The race — the first new round to be added to the calendar under Liberty Media’s ownership of F1 — is scheduled to make its debut in April 2020 and continue as part of a multi-year deal. The track will be a 3.46-mile street circuit in the Vietnamese capital.
Formula 1 chairman and chief executive Chase Carey says the addition of Hanoi fits Liberty’s vision of increasing the number of races in or close to major cities.
“We are delighted to announce that Hanoi will host a Formula 1 Grand Prix,” Carey said. “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 realization 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 Vietnamese Grand Prix will join other Asian races in Singapore, China and Japan on the calendar, with City of Hanoi chairman Nguyen Duc Chung saying it will increase interest in 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 modern beauty from 2020,” Nguyen Duc Chung said.
“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.”