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Organization F1 racing in Vietnam

Organization F1 racing in Vietnam

Vietnam will officially hold a Formula One (F1) race in the 2020 season, with an estimated cost of US $ 60 million (more than 1,450 billion dong).

The Vietnam Grand Prix (Vietnam GP) race will officially be on the schedule of the F1 race in 2020, with the race track in Hanoi and agreed by all parties, just waiting for the day.

BBC Sport commentator Andrew Benson commented that after the Japan GP race last weekend, “Vietnam has officially organized a F1 race without any secret, The company that owns the F1 Liberty Media wants Vietnam to hold a race after Malaysia GP retreat after the 2017 season. ” Andrew Benson also revealed that all the deals related to the F1 race in Hanoi had been completed, but had to wait until the end of the F1 season this year, after the final race of Abu Dhabi GP (25.11), the new official announcement

Vietnam F1 Racing

Vietnam F1 Racing

At the same time, FOX Sports has announced plans to bring F1 to Vietnam has been confirmed by the International Motor Show (FIA) and will be scheduled for 2020. FOX Sports also Charlie Whiting, FIA Racing Director. Accordingly, Mr. Whiting secretly arrived in Hanoi last week to survey the venue expected to be the F1 race track in Hanoi just before the Japan GP race on October 7.

Whiting said: “The plan to build a new F1 track in Hanoi is being rushed and there is a lot of potential, almost certainly going to be a race in 2020. There is no construction work yet, but the road design plans are in full swing. Over the next two years, the organizers will have enough experience and time to perfect the track.

Vietnam F1 Racing

Vietnam F1 Racing

Detailing the F1 race track in Hanoi, Mr Whiting said: “It is a place in the west of Hanoi, about 12 km from the center of the capital of Vietnam. The main track is on the streets, with the rest of the pit stops, race car garages and other race facilities to be built. This extra build will be transformed into street and service to serve the people.

“The organizers are aiming for a roadmap for the 2020 race, and they show enough experience and ability to finish the race as well as the race, After many years of research and study.

F1 race in Vietnam will be the third race in Southeast Asia after Singapore GP and Malaysia GP, but Malaysian GP is stopping organization due to losses. Thailand also wants to host, but they have not spoken even though the Thai have successfully organized a Moto GP race on October 7

Vietnam F1 Racing

Vietnam F1 Racing

In 2008, Singapore spent $ 110 million to qualify for F1, but thanks to good business they earned about $ 150 million. Therefore, since then Singapore has been steadily organizing an annual race

My Dinh will be the venue for the race

A member of the organizing committee (in the host country of Vietnam, specifically Hanoi) said: “The parties have completed and completed the project of conducting F1 in Hanoi in April 2020. This is a very elaborate project because the first time Vietnam hosted the world’s most attractive racing car. We have had great sports events but the racing is very special, requires careful preparation, professional from the track to other stages such as garages, cars assembly area, test vehicle, working place of technical staff; hotel for the racer stay.

Vietnam F1 Racing

Vietnam F1 Racing

The organization of F1 racing will be the opportunity to promote the image of Hanoi capital to international friends, so we will try to organize successful and perfect both in terms of technology and reception. Prior to the development of the project, the organizers had to seek written comments from the Government, related Ministries and local people. Organizers have been supported in terms of guidelines as well as received the close guidance of competent authorities. The number of teams and foreign audiences coming to Hanoi at the time of the tournament will be great, so the traffic, safety and social order must be ensured.

It is known that the F1 racing project in Hanoi will cost more than 60 million or more. All this huge amount of money will not be taken from the state budget but called for socialization. This is also the direction of Prime Minister Nguyen Xuan Phuc because the sport will not directly stand out but the Hanoi People’s Committee. There are now a lot of companies wanting to sponsor this race. Moreover, because this is an extremely attractive tournament, it will attract a lot of money from advertising and other sources

Vietnam F1 Racing

Vietnam F1 Racing

A leader of the Hanoi Department of Culture and Information said: “It is expected that the chairman of Ha Noi People’s Committee will be the chairman of the organizing committee with the foreign partner. The tour schedule and schedule can not be disclosed yet until November of this year, we just officially announced. As originally planned, the tournament is scheduled to be held in the Hoan Kiem Lake area but this plan is impossible because the area is close to the old town, unable to organize. After thorough investigation, the foreign partner agreed with Hanoi’s proposal to choose a racing course in Nam Tu Liem District; Take the square area of My Dinh Stadium (Le Duc Tho street) as a landmark. The track will be more than 6 km long.

According to foreign experts, the terrain in this area is very convenient for organizing F1 racing because the roads are quite wide, open. My Dinh National Sport Complex also has synchronous infrastructure and good facilities, meeting some requirements in the organization. Hanoi will spend a budget to cover asphalt road as well as dividers.

Written by Tracy Nguyen

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