Vietnam’s capital city Hanoi will host a Formula One Grand Prix for the first time in April 2020, organisers have confirmed, becoming the first new destination on the motorsport series’ calendar since the Liberty Media takeover in 2017.
As SportBusiness reported, government sources in the country suggested last week that a deal had been struck, but the news has now been made official by Formula One Management.
The length of the contract signed between FOM and Vingroup, the Hanoi-based promoter serving as the local organiser of the race, was not disclosed.
The circuit will run through the streets of Hanoi, joining Baku, Monaco and Singapore as the series’ street races. Vietnam will become the fourth Asian country on the calendar for 2020, after Singapore, China and Japan.
“Since we became involved in this sport in 2017, we have talked about developing new destination cities to broaden the appeal of Formula One and the Vietnamese Grand Prix is a realisation of that ambition,” said FOM chairman Chase Carey.