Hanoi Grand Prix to begin in 2020: F1 boss

Vietnamese Formula 1 Grand Prix Confirmed For 2020 In Hanoi

"Firstly, we want to preserve the heritage races, they are very important to Formula 1 and they are very important to fans".

The Vietnamese Grand Prix is the first entirely new addition to the calendar since USA -based Liberty Media took over as commercial rights holders past year and replaced former dealmaker and supremo Bernie Ecclestone.

Silverstone signed a 17-year contract in 2009 but opted to activate a break clause mid-2017 that means next season's British Grand Prix is scheduled to be the last at the venue.

Fan reaction to the Vietnam race was mixed, but Bratches says F1 fans can expect more of the same as Liberty looks to overhaul F1.

Now 12th in the driver's standings, Sainz's best performance in 79 Grand Prix races is a 4th place finish. Carey said the decision to hold the race in Hanoi was a part of Formula One's strategy to move into markets where it hopes to groom a new generation of fans - and boost revenues.

Vietnam announced last week it will host the race in its communist capital from April 2020, becoming only the third Southeast Asian nation to host the Formula One after Malaysia and Singapore.

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The British GP has been an ever-present on the F1 calendar since kicking off the first world championship in 1950.

Silverstone's hand has been strengthened by several public statements from F1's bosses promising they would preserve "heritage races", but Bratches has revealed that the sport is not afraid of replacing some of its most iconic venues.

Ecclestone told Reuters past year that he had talks with the Vietnamese about a race while he was in charge but had decided, despite the money on offer, against it because he felt there were enough in that part of the world already.

The race will certainly be more action packed than the Monaco or Singapore Grand Prix's due to the presence of two long straights, with one measuring 1.5 kilometers (0.9 miles).

Although the size of that year's calendar is now unconfirmed, F1 hopes the season will include a street race in Miami after the planned 2019 edition was postponed.

"Beyond that we are looking to identify further street races, so this race is a further step in terms of our vision".

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