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Vietnam will host the first Grand Prix Formula 1 in April 2020, the organizers announced on Wednesday.
The Vietnam Grand Prix will be a street in the capital of Southeast Asia in Hanoi.
Grand Prix is the first new race announced since Liberty Media bought commercial rights for the batch.
"We are pleased to announce that Hanoi will host the Formula One Grand Prix," Sports Chase Carey said in a statement.
"Since we joined this sport in 2017, we have been discussing the development of new destination cities in order to extend the attractiveness of Formula 1, while the Vietnam Grand Prix is the realization of this ambition.
"We are thrilled to be here in Hanoi, one of the most exciting cities in the world with such a rich history and an incredible future ahead of it."
The largest conglomerate of Vietnam, Vingroup JSC, has signed a "multi-year deal", which is supposed to be the host of the event, they reported in a message without preparation.
VinFast, the Vingroup, is set to become Vietnam's first fully-fledged home-based car maker when its first production models built under its own badge on the streets of August.
The Hanoi Circuit of the Championship, which will run on the 5.565-kilometer-long route to the west of Hanoi, will be the fourth street on the calendar together with Monaco, Singapore and Azerbaijan.
President of the Hanoi People's Committee Nguyen Duc Chung said that the race would reflect the ability of Vietnam to lead global events.
"It provides an opportunity for domestic investment in Vietnam and it is important to bring the exciting Formula One race to people in Vietnam," he said.
Vietnam is a growing market for sponsors, such as Heineken brewery, which will reopen four races in eastern Asia after the east of Malaysia.
While the state no longer has the tradition of motor sports, sports events or competitions in which the national team is fairly small, they are often watched and passionately celebrated.
On the 2019 calendar, 21 races will race again, with the same races as their cities retained this year.
(With Reuters inputs)
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