HANOI, Vietnam (AP) – The Grand Prix in Hanoi will be added to the 2020 calendar for 2020 as part of the expansion of sports in Asia.
F1 President Chase Carey and Nguyen Duc Chung, Mayor of Hanoi, announced on Wednesday.
Near the national stadium, a 5.556-kilometer circuit will be built, combining the existing infrastructure and roads that will be built in a new residential area on the edge of the city center.
"The race track in Hanoi is unique in the world with half that in the existing streets, and the other half will be built," Chung said. "The length and bandits of this song will bring a lot of excitement. According to the designers, this will be the most exciting song in the world."
Chung said the GP would be funded by private companies headed by Vingroup, the largest private conglomerate in the country.
"Hosting the Formula 1 race in Hanoi will open us many opportunities for business and tourism development (and) to advertise the image of Vietnam and the image of the Hanoi world," Chung said. "At the same time create a new playground and experience for people of all walks of life."
Formula One has 21 races listed in the provisional calendar for 2019.
Season 2018 has two races in Sao Paulo and Abu Dhabi.
Carey came to F1 on the intent of expanding, and the second event in Asia is the main part of the strategy.
"The energy of this country is incredible. The city of Hanoi I think is increasingly the one who seizes the imagination of the world," he said. "Asia is obviously very important for our future.
"It's a real driver for the future of the world, so we look at how we are going to grow with this sport in Asia, we want to be in a country we really think is going to be a motor growth, a motor of excitement, so we think that Vietnam really captures the interests of people."
The Vietnam race will join other positions in the Asia-Pacific region, including Japan, China, Singapore and Australia. F1 stopped regularly in Malaysia from 1999 to 2017, and had short tuition in India and South Korea.