F1: Vietnam To Host Formula One From 2020

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Vietnamese Formula 1 Grand Prix Confirmed For 2020 In Hanoi

"We're a 68-year-old entity and the nature of grand prix racing is that it is dynamic", Formula One's commercial managing director Sean Bratches said after it was announced that Hanoi will host a street race in April 2020.

"The first year here was quite hard, but it has been improving over time", he said.

"Our target for this season was to win both championships, not one title or the other, so our mindset is one of unfinished business as we head to Sao Paulo", said team boss Toto Wolff.

The Scuderia driving tea, of Sebastian Vettel and Kimi Raikkonen crossed the line in 2nd and 3rd place respectively at Mexico, cutting MercedesAMGs' advantage to 55 points for the constructor's championship with 2 races remaining.

"Since we became involved in this sport in 2017, we have talked about developing new destination cities to broaden the appeal of Formula 1 and the Vietnamese Grand Prix is a realization of that ambition". "The race has been held at Brands Hatch and other venues", he said in a Formula One question and answer. The 5.6 kilometres (3.5 miles) track will include existing roads and portions that have yet to be built, according to a press release from the Hanoi Municipal People's Committee. "It's most likely I'm not going to be here when it gets to 25 that's for sure".

"The figures could be in the hundreds of million dollars. and the most important thing is to profit from it", he told AFP.

In an interview, Bratches was asked about the future of Silverstone relating to F1's decision into introducing new races instead of preserving heritages races after the announcement received mixed reactions.

South Korea did the same in 2013 after facing low turnout to their race in remote Yeongam, and India pulled out in the same year also over money troubles.

"It's important to have a long-term perspective".

"And I don't think that's the healthiest way to deal with things as partners". Last year, a planned Pirelli test was called off for that reason.

Singapore has managed just that.

Bratches made it clear that city-based Global Positioning System have a major appeal to F1 because it puts the racing closer to bigger populations, which is why Vietnam's race in Hanoi will join Monaco, Singapore and Azerbaijan as a street race.

Some hope Hanoi, a sleepy, tree-lined capital still oozing with colonial charm, will be able to do the same.

"You need to know what you're doing and how to spend the money", he added.

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