PM Phuc receives Formula 1 boss as Hanoi chosen to host first Grand Prix
PM Nguyen Xuan Phuc on Wednesday received Formula One Chairman and Chief Executive Chase Carey after Hanoi was officially chosen to host the 2020 Formula Grand Prix.
PM Nguyen Xuan Phuc affirms Vietnam will spare no efforts to successfully hosting the Formula 1 Vietnamese Grand Prix. Photo: VGP
PM Phuc affirmed Vietnam will spare no effort to hosting the race, emphasizing that it is an “important” event.
Vietnam is the fourth country in the Asian leg of the Formula One calendar, joining the established Chinese, Singaporean, and Japanese grands prix.
Hanoi promoter Vingroup has signed a multi-year deal to host the race, which will start as "a thrilling street race" in Vietnam's capital around a 5.565 kilometer track around the My Dinh sports Complex.
To celebrate the launch of the race, Formula 1’s Chairman and Chief Executive, Chase Carey joins the City of Hanoi leadership and Vingroup promoter as part of a grand ceremony on the same day at the Hanoi Citadel, one of the city’s most iconic landmarks.
As the first new race to be announced under Liberty Media’s ownership, the Vietnamese Grand Prix represents Formula 1’s firm commitment to the Asia region.
According to Hanoi Chairman Nguyen Duc Chung, the Formula 1 Vietnamese Grand Prix demonstrates 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, Chung said.
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