Receiving Formula 1 CEO Chase Carey in Hanoi, Phuc said: “This is an important event, not just for Vietnam’s sport scene but also its culture and society. Phuc affirmed that Hanoi and the Ministry of Culture, Sports and Tourism would spare no effort in making the event a success, which will prove Vietnam’s capability in hosting large-scale international sports events. Carey said at the press conference on Wednesday that he wants to organize the Hanoi race into a series of events in which not just Hanoians but all Vietnamese people of all ages can enjoy. “We’ve made it a goal and a priority for us to try and host Formula One races in what we believe are the most exciting and dynamic cities and countries around the world,” he said, as cited by Reuters. He said the event in Hanoi is “a great addition to the mix.” City officials had announced earlier this month that Vietnam would become the third Southeast Asian nation to host the racing franchise after Malaysia and Singapore. The 7-day event would also include parades, showcasing of race cars and other exhibitions. The 5.565km long circuit for the race will be located near the My Dinh National Stadium in Hanoi. Hanoi has already signed a 10-year contract to host the race, which could be extended after eight years. The first race will be held in April 2020, with ticket prices to be announced in April 2019. Hanoi will earn revenues from ticket sales, advertisements, side events, merchandising… [Read full story]
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