Formula 1 confirmed on Wednesday that the Grand Prix in Vietnam will be held from 2020 onwards. The Royal Motor Show Group organizes a street race in Hanoi's capital city.
The first race in Vietnam will take place in April 2020. Liberty Media, the owner of Formula 1, has signed a multi-year contract with the local government.
"This is the first new race to be released by Liberty Media," the company that has run Formula 1 since the end of 2016, says: "We show great commitment to the Asian region where races are already held in Singapore, China and Japan." The Bahrain and Abu Dhabi countries in the Middle East are also on the current Calendar of Formula 1.
A major ceremony will be held in Hanoi Fortune to celebrate the arrival of Formula One. Circuit in the city will be longer than 5.565 kilometers.
"Hanoi is an exciting city with a great future"
"We are glad to announce that Hanoi will host the Grand Prix," said President Chase Carey on the Formula 1 website. "As Liberty Media has participated in this sport, it is about new locations that are attracted to Formula One."
"The big prize to Vietnam is the realization of that ambition, and we are very excited to be in Hanoi, one of the most exciting cities in the world with rich history and great future."
Last year the Malaysian Grand Prix disappeared after eleven years of Formula 1 calendar. Earlier this century the short-term Grands Prix was held in the Asian countries of South Korea and India.