Vietnam expects 300,000 fans for Formula 1 debut

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Sport officials in Vietnam expect visitor numbers of no less than 300,000 for the country’s first Formula One race to be held next year, Singapore’s The Sunday Times reported.

Le Ngoc Chi, CEO of the Vietnam Grand Prix Corporation, said they have set a target of 300,000 fans over the race weekend from April 2 to 5, 2020.

Vietnam is the third Southeast Asian country to host a grand prix, after Malaysia (which stopped in 2017) and Singapore, and is the first new race announced by current Formula 1 owners Liberty Media.

Chi said one of the goals of the race is to raise Vietnam’s international profile. Last year, it welcomed 15.5 million international visitors who contributed 383 trillion dong ($16.5 billion) in foreign tourism receipts.

“If those who come for the Formula 1 race have a good experience… then definitely they will spread the message to everyone around them and that is better than any other form of promotion. That will be the ultimate proof that the first Grand Prix is a successful one for us,” she said, adding that “we want to deliver an authentic Vietnamese experience.”

Last year, Hanoi inked a ten-year deal to host the race, which reportedly cost $60 million per year and is fully backed by property conglomerate Vingroup. The race will be held on a 5.6-kilometer street circuit, which has elements from other circuits including the Nurburgring, Monaco, Suzuka and Sepang.

At around $45 for single-day general admission, entry into the Hanoi race is among the cheapest in Formula 1. Walkabout tickets for this year’s Singapore GP start from $98.

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Sport officials in Vietnam expect visitor numbers of no less than 300,000 for the country's first Formula One race to be held next year, Singapore’s The Sunday Times reported. Le Ngoc Chi, CEO of the Vietnam Grand Prix Corporation, said they have set a target of 300,000 fans over the race weekend from April 2 to 5, 2020. Vietnam is the third Southeast Asian country to host a grand prix, after Malaysia (which stopped in 2017) and Singapore, and is the first new race announced by current Formula 1 owners Liberty Media. Chi said one of the goals of the...

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Sport officials in Vietnam expect visitor numbers of no less than 300,000 for the country’s first Formula One race to be held next year, Singapore’s The Sunday Times reported.

Le Ngoc Chi, CEO of the Vietnam Grand Prix Corporation, said they have set a target of 300,000 fans over the race weekend from April 2 to 5, 2020.

Vietnam is the third Southeast Asian country to host a grand prix, after Malaysia (which stopped in 2017) and Singapore, and is the first new race announced by current Formula 1 owners Liberty Media.

Chi said one of the goals of the race is to raise Vietnam’s international profile. Last year, it welcomed 15.5 million international visitors who contributed 383 trillion dong ($16.5 billion) in foreign tourism receipts.

“If those who come for the Formula 1 race have a good experience… then definitely they will spread the message to everyone around them and that is better than any other form of promotion. That will be the ultimate proof that the first Grand Prix is a successful one for us,” she said, adding that “we want to deliver an authentic Vietnamese experience.”

Last year, Hanoi inked a ten-year deal to host the race, which reportedly cost $60 million per year and is fully backed by property conglomerate Vingroup. The race will be held on a 5.6-kilometer street circuit, which has elements from other circuits including the Nurburgring, Monaco, Suzuka and Sepang.

At around $45 for single-day general admission, entry into the Hanoi race is among the cheapest in Formula 1. Walkabout tickets for this year’s Singapore GP start from $98.

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