(SETimes) – Vietnam joins a Formula One calendar in 2020 with a street race in the capital of Hanoi, organizers said on Wednesday (November 7th).
The Vietnam Grand Prix is the first new race to have been announced since last year.
"As we got involved in this sport in 2017, we talked about the development of new destination cities to expand the attractiveness of Formula One and the Vietnam Grand Prix is the realization of this ambition," said Chase Carey's chairman in his statement.
"We are excited to be here in Hanoi, one of the most exciting cities in the world right now with such a rich history and incredible future ahead of it."
The inaugural event will be held in April 2020, with organizers signing a multi-year deal and becoming the fourth East Asian country on a calendar with Singapore, China and Japan.
The Hanoi round of the championship, which will take place on a 5,565 km circuit, will be the fourth street race in the calendar along with Monaco, Singapore and Azerbaijan.
Chairman of the Hanoi People's Commission, Nguyen Duc Chung, said the race would reflect Vietnam's ability to maintain global events.
"It provides an opportunity for domestic investment in Vietnam and will play an exciting role in Formula One Formula One events for Vietnamese people," he said.
Vietnam is a growing market for sponsors such as the Heineken Brewery, and after the start of Malaysia after its final release in 2017, East Asia will provide four races in the calendar.
While the country does not have much tradition of motoring sports, sports events or competitions in which the national team is even marginally well observed and enthusiastically celebrated. In the calendar 2019, 21 races will reappear, with the same races as this year retaining their place.