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F1

Vietnamese government gives go-ahead to F1 race in Hanoi

Back in June, Formula One chief executive Chase Carey mentioned the possibility of staging a street race in Vietnam’s capital.

Update:
Vietnamese soccer fans gather in central Hanoi during the men's semi-final match between Vietnam and South Korea at the 2018 Asian Games in Bogor, Indonesia on August 29, 2018. - Vietnam lost to South Korea 1-3. (Photo by Nhac NGUYEN / AFP)
NHAC NGUYENAFP

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.

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.