This article first appeared on Vietnam News Agency (VNA)
You may need to know:
Vietnam Grand Prix Corporation (VGPC) is a subsidiary of Vingroup, entrusted with the rights to organize the Formula 1 Vietnam Grand Prix by the Hanoi People’s Committee – the entity which holds the rights to host Formula 1 in Vietnam. Vietnam Grand Prix Corporation is responsible for building the infrastructure of the Hanoi F1® Racetrack, and also to manage and operate the Formula 1 Vietnam Grand Prix from 2020. Furthermore, the Vietnam Grand Prix Corporation will also organize ticket sales and events to promote Formula 1 Vietnam Grand Prix 2020 in Vietnam and position the occasion as a world-class and unique event.
Formula 1 is the pinnacle of motorsport. Formula 1® racing began in 1950 and is the world’s most prestigious motor racing competition, as well as the world’s most popular annual sporting series: The 2019 FIA Formula One World Championship™ runs from March to December and spans 21 races in 21 countries across four continents. Formula One World Championship Limited is part of Formula 1® and holds the exclusive commercial rights to the FIA Formula One World Championship™.