F1 hints British GP could leave Silverstone

Vietnamese Formula 1 Grand Prix Confirmed For 2020 In Hanoi

Vietnamese Formula 1 Grand Prix Confirmed For 2020 In Hanoi

"This is not only an important sport event, but also a significant social-cultural one, contributing to Vietnam's development", Vietnamese Prime Minister Nguyen Xuan Phuc said on Wednesday when receiving F1 Group CEO Chase Carey, affirming that his government was willing to support the race's hosting. I don't think we want to provide a lot of "inside the tent" commentary on active discussions.

" There are always other options".

"We'll continue to develop those options, and make sure we are able to make the best decisions both for fans and for racing and for us as a business, all those things matter, and we're actively engaged".

For Mercedes to be denied at Sao Paulo's atmospheric Interlagos circuit, Ferrari will have to score 13 points more than Mercedes - a feat they have managed only twice in 19 races so far in 2018.

Liberty Media, which has owned F1 since late-2016, has stated it wishes to preserve historic races like the British GP but has also moved to formally announce a bid for a race in Miami and confirmed Vietnam will join the calendar in 2020.

"Beyond that we are looking to identify further street races, so this race is a further step in terms of our vision".

That plan has been postponed to at least 2020, though Carey stressed it was still an "active" project even though it was proving hard.

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"You have to create events that are interesting, you can not make something with no soul, with no romance about it", Alex Yoong, a Malaysian former F1 driver and Fox Sports Asia commentator told AFP. It's a time consuming process to navigate through all of those.

"It's a time-consuming process to navigate through all of those, I guess I'd say it's active".

The actual price tag after building the track, paying for security and promoting the event around the world is likely to be much higher, said Truong Anh Ngoc, sports correspondent at the official Vietnam News Agency.

"It sort of helped to reinforce what we bring".

But with its 10-year F1 deal worth tens of millions, Vietnam has promised to succeed where some other Asian countries - India, South Korea and Malaysia - have not.

"We look at it in three ways", he said.

"But we think Miami could be a great signature event for us worldwide, not just in the United States".

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