Motorsport series Formula One has confirmed it will stage a Vietnam Grand Prix in the capital Hanoi from April 2020.
Talks to hold a street race in the city have taken place since the start of the year, with the event gaining local and government support in recent weeks, paving the way for a multi-year deal to be agreed.
The agreement marks the first new race to be added to the Formula One schedule since Liberty Media’s takeover of the championship from former chief executive Bernie Ecclestone.
Hanoi’s circuit draws inspiration from a number of existing tracks, including the opening two turns which are reminiscent of Germany’s Nurburgring, which is no longer on the calendar itself. Further elements are inspired by sections of the Monaco, Suzuka and Malaysia circuits.
Current Formula One chief executive Chase Carey said: “Since we became involved in this sport in 2017, we have talked about developing new destination cities to broaden the appeal of Formula One and the Vietnamese Grand Prix is a realisation of that ambition.
“Our Motorsport team has worked to enable a circuit that will not only test the drivers but also ensure that our fans enjoy the racing spectacle.”
Hanoi city chairman Nguyen Duc Chung added: “It’s a further demonstration of Vietnam’s ability, as one of the fastest growing economies in the world to host events on a global scale and attract tourism to the country.
“It provides an opportunity for inward investment to Vietnam and importantly to bring the exciting wheel to wheel racing of Formula One to the people of Vietnam.”
Vietnam will host the series’ fourth street race alongside Monaco, Singapore and Azerbaijan.