The Vietnamese government has given the green light to the idea of staging a Formula One race in the streets of the country’s capital, Hanoi.
Formula One chief executive officer Chase Carey said in June he was excited by the possibility of staging a street race in Hanoi, and mentioned that the series was in discussion with Vietnamese authorities.
It now appears that Vietnam’s central government is fully behind the proposal.
Formula One is excited by the possibility of a race in Vietnam as part of an expansion in Asia but Europe remains the bedrock of the sport, chief executive Chase Carey said on Monday. https://t.co/7rXieJCACa— James Pearson (@pearswick) 4 June 2018
A new attraction for Hanoi
Mai Tien Dung, chief of the government office, said on Thursday that Vietnamese authorities fully support the Formula One street race project in Hanoi.
'All (government) ministries and agencies support the idea to create a new attraction for Hanoi,' Dung said in a statement.
'Hanoi authorities have asked people living in the planned area for their opinions about holding the race and they have all shown their support, to attract tourists.”
He did not reveal when a final deal might be signed or when would the inaugural race be held.
He added that Vietnam’s Prime Minister Nguyen Xuan Phuc had told Hanoi not to use state budget for building infrastructure for the race, but to search for private investment.
Vietnam is one of the countries mooted as new hosts since Liberty Media Corporation acquired Formula One in January 2017.
A Grand Prix in Miami is also expected to be introduced in the following years, while plans for future races in Argentina, the Netherlands and Denmark have also been rumored.