In a multi-year deal signed between Vietnam-based real estate development company, Vingroup and Formula 1, Hanoi, the capital city of Vietnam will be the next new street race venue for the F1 Grand Prix from April 2020.

This will be the first new grand prix announced under the ownership of United States-based mass media company, Liberty Media.

Located 12 kilometres west of Hanoi near the My Dinh National Stadium, the new street circuit will be a 5.6 kilometre track with 22 turns. Vietnam Grand Prix will become the fourth race in Asia, joining China, Japan, and Singapore.

The event will require close collaboration with The Hanoi Feasibility Group, F1 Motorsport team, and the City of Hanoi in the following years.

This deal is viewed as an opportunity for Vietnam to showcase Hanoi as a tourist destination, as well as its ability to host events on a global scale.

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