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Vietnam’s first ever Formula One (F1) grand prix is officially cancelled due to the impact of the COVID-19 pandemic, according the event’s organisers.

The Vietnam Formula One (F1) Grand Prix could take place later this year – but without any international spectators.

The balance between nostalgic stories and contemporary factors is among outstanding traits in the nominations for the “Bui Xuan Phai: For Love of Hanoi” Awards 2019.

Hanoi will prepare the best infrastructure for the Formula One (F1) Grand Prix, meeting new requirements as regulated by the International Automobile Federation (FIA), Chairman of Hanoi People’s Committee Nguyen Duc Chung has said.

An article published by US magazine Forbes has recently considered Vietnam as the hottest investment destination in Asia.

The capital city of Hanoi will host the Formula One race for the first time in April 2020. The hosting of the event is expected to put Hanoi and Vietnam on the world map of major event sporting event

The capital city of Hanoi will host the Formula One Grand Prix for the first time in April 2020 under the sponsorship of Vingroup, Chairman of the municipal People’s Committee Nguyen Duc Chung said at a press conference in Hanoi on November 7.

International media have published articles reporting that Formula 1 could have three new Grand Prix events next season, as Miami, Buenos Aires and Hanoi are close to confirming a deal.