Rumors have been circling for months about F1's owners, would adding a Vietnam Grand Prix to the calendar. They're no longer rumors. There will be a Grand Prix starting in 2020.
Vietnam is the first new Grand Prix added to the calendar since Liberty Media's takeover of Formula 1 in 2016. It's also the fourth Grand Prix in East Asia, joining races in Japan, Shanghai, and Singapore. A private promoter, Vingroup, has signed a "multi-year" agreement with Liberty Media to host the event, though F1 didn't disclose exactly how many years the deal is good for.
The race will be held in Hanoi, Vietnam's capital city and second largest city. According to , the circuit will consist of a mixture between existing streets and purpose built roads, with purpose-built pits and garages. It'll be 3.46 miles in length, and feature 22 turns. The addition of Vietnam to the season makes it the fourth street circuit on the calendar, joining Monaco, Azerbaijan, and Singapore.
"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," said Chase Carey, Chairman and Chief Executive of F1, . "We are thrilled to be here in Hanoi, one of the most exciting cities in the world right now with such a rich history and an incredible future ahead of it."