LIberty Media are constantly scouting new locations to host an F1 Grand Prix. Now, Vietnam has appeared as a potential candidate for a slot on the Formula One calendar. Sources suggest that there could be an announcement about a street race in the south-east Asian country in the coming weeks. It is believed that the race is planned for the streets of Vietnam’s capital Hanoi but it has not yet been officially announced so it could still fail to get to the finish line. It is no secret that a plan for a Vietnam Grand Prix is in the works.
In October 2017, it was reported that Vietnam was on F1’s list of potential venues and there were “on-going” talks with officials there. Later, it transpired that F1’s former chief executive Bernie Ecclestone was against a Vietnam Grand Prix. When Chase Carey replaced him in the driving seat at the start of last year, rumours began to surface again.
Ecclestone declined the chance to meet the president of Vietnam and sign a race in the country. Even though Vietnam would have paid an estimated $391.2 million over the ten years of its contract Ecclestone said it would have been a step too far for F1.
It could be said that it would be highly hypocritical if F1 signs a race in Vietnam. A country that even Ecclestone declined due to its lack of auto racing pedigree.