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Hanoi to host F1 race in 2020
The Vietnamese capital of Hanoi is to host a Formula 1 Grand Prix for the first time in 2020.
With the Malaysian Grand Prix last held in 2017, the Hanoi race will be the second South East Asian city to host a race in 2020 - along with Singapore.
Announcing the hosting of the race, on a circuit to be revealed next week, the Hanoi People's Committee released a statement “the city of Hanoi managed to conclude the cooperation to be entitled as the official host of a race of the FIA Formula 1 World Championship (from) April 2020."
Authorities said earlier this year they supported the idea of hosting a race, but would not source Government funds to pay for the event.
Vietnam’s Minister and Chairman of the Government Office Mai Tien Dung advised in August “if Hanoi hosts (a race), the budget should be from the private sector".
He added that advertising revenues from the event could be "huge" and potentially would cover the cost of the event.
Officials had originally considered hosting the race around Hanoi's scenic Hoan Kiem lake near the bustling Old Quarter, but have reportedly now decided to host it near the national stadium where the roads are wider than in town.
F1 Race Director Charlie Whiting told reporters last month that he had visited the site in Hanoi and was confident the circuit would be ready in time for the 2020 season.
He said much of the race would be on existing roads but some sections would need to be built, according to Fox Sports, advising "that shouldn't be a problem based on previous experience.”
Formula One races can be costly endeavours and are seen as financially risky for host cities like Hanoi where racing remains outside of the mainstream.
Though informal - and illegal - motorbike street racing, and a nascent offroad racing scene have started to gain traction in Vietnam in recent years, Formula One has yet to take hold among the mainstream of sports fans, in the football obsessed nation.
11th October 2018 - New women-only motorsport series aims to develop future Formula 1 stars
29th April 2018 - Formula 1 looks to engage younger generation of fans
1st February 2018 - Women Sport Australia applauds demise of F1 grid girls
29th January 2017 - New era for F1 as Liberty Media completes takeover
22nd November 2016 - Malaysia to end F1 Grand Prix hosting after 2018
27th October 2016 - Rising costs and falling crowds put F1 Malaysian Grand Prix future in doubt
15th April 2016 - Vietnam to host 2021 Southeast Asian Games
17th March 2016 - Repucom releases 2016 F1 sponsorship Report
5th July 2015 - Global survey shows F1 fans want return to basics
15th November 2014 - Ecclestone sees ‘no point’ in F1 targeting youth audience
3rd August 2014 - Australian F1 Grand Prix to stay in Melbourne until 2020
8th October 2013 - Empty grandstands at F1 Korean Grand Prix put race future in doubt
10th November 2012 - Vietnamese capital to host 2019 Asian Games
25th September 2012 - Singapore agrees new F1 race deal
4th September 2011 - Vietnam to invest billions in tourism infrastructure
24th April 2008 - F1 Grand Prix - The World’s Most Valuable Annual Sporting Events
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