F1 circuit demonstrates Vietnam’s capability to hold major int’l events: Aussie PM
The Australian leader expressed his gratitude and pride as several Australian enterprises are jointly working, supporting and providing consultancy for the host city of the F1 Vietnam Grand Prix.
The success of Formula 1 race in Hanoi demonstrates Vietnam's capability to host significant world events as well as its gains in economic growth, Australian Prime Minister Scott Morrison stressed during his visit to the F1 circuit in Hanoi, where the F1 Vietnam Grand Prix is slated to take place in April 2020, the Economic and Urban Newspaper reported.
Morrison said that the F1 race in Vietnam will draw the attention worldwide and highlight Vietnam and Hanoi’s position in the world map as well as create impacts among world press, which in turn will further spur the country’s economy and tourism potential.
The event will attract thousands of foreign visitors, who are passionate about the sport, thereby promoting the development of high-end restaurants and hotels, and introducing the hospitality of Vietnamese people.
The Australian leader also expressed his gratitude and pride as several Australian enterprises are jointly working, supporting and providing consultancy for the host city of the F1 Vietnam Grand Prix, which will leave the Australian imprints in the development of Vietnam’s economy.
He also believed this cooperation will be fruitful, thereby proving the increasingly strong and effective relations between Australia and Vietnam.
Vice Chairman and CEO of Vingroup, the exclusive sponsor of the F1 race, Nguyen Viet Quang affirmed that the project has been supported by many foreign partners, especially Australia’ Grand Prix Corporation – the organizer of the F1 race in the country, and the Confederation of Australian Motor Sport.
After only four months of execution, the executive center building, the largest-scale item of the project has been roofed and in the process of being completed.
The bidders are repairing the racing sections before paving it with the special asphalt mats according to Grade 1 standards of F1 racing. In the newly built racetrack area, road foundation construction is basically completed. Other items of the track such as overpasses, stands, safety fences, and media centers are also being prepared and executed as planned.
All construction and infrastructure works are expected to be completed by December 31, 2019.
Projected overview of the F1 race. Photo: autoevolution.
|
The event will attract thousands of foreign visitors, who are passionate about the sport, thereby promoting the development of high-end restaurants and hotels, and introducing the hospitality of Vietnamese people.
The Australian leader also expressed his gratitude and pride as several Australian enterprises are jointly working, supporting and providing consultancy for the host city of the F1 Vietnam Grand Prix, which will leave the Australian imprints in the development of Vietnam’s economy.
He also believed this cooperation will be fruitful, thereby proving the increasingly strong and effective relations between Australia and Vietnam.
Vice Chairman and CEO of Vingroup, the exclusive sponsor of the F1 race, Nguyen Viet Quang affirmed that the project has been supported by many foreign partners, especially Australia’ Grand Prix Corporation – the organizer of the F1 race in the country, and the Confederation of Australian Motor Sport.
After only four months of execution, the executive center building, the largest-scale item of the project has been roofed and in the process of being completed.
The bidders are repairing the racing sections before paving it with the special asphalt mats according to Grade 1 standards of F1 racing. In the newly built racetrack area, road foundation construction is basically completed. Other items of the track such as overpasses, stands, safety fences, and media centers are also being prepared and executed as planned.
All construction and infrastructure works are expected to be completed by December 31, 2019.
21:24, 2024/12/21
Hanoi seeks to attract high-tech projects to industrial parks
Hanoi is pushing ahead with land clearance and infrastructure construction while urging approved projects to speed up capital disbursement.
14:43, 2024/11/18
Aircraft manufacturer Embraer seeks comprehensive aviation partnership with Vietnam
The Vietnamese leader urges the aircraft manufacturer to collaborate on technology transfer, airport construction and operation, research, and investment in Vietnam.
15:12, 2024/11/14
North-South high-speed railway to open up new economic opportunities
The government proposes a design speed of 350 km/h for the railway to ensure a modern, integrated, and forward-looking infrastructure appropriate to Vietnam’s geographical and economic conditions.
17:25, 2024/11/07
Prime Minister calls on China to pilot border economic cooperation zone
This economic cooperation zone is an initiative proposed by China and has been under negotiation with several countries, including Vietnam, since 2007.
21:55, 2024/10/22
Better links with FDI firms to support Hanoi businesses
Hanoi will continue to focus on quality projects, especially with partners such as Japan, the United States, and Europe to boost technology transfer.
15:24, 2024/09/24
Vietnam calls for more US investment in innovation, hi-tech
The Vietnamese leader called on relevant agencies to resolve any challenges faced by investors and enhance the investment climate to encourage greater US investment in Vietnam.
- Vietnamese leader urges Boeing to build production facility in Vietnam
- Foreign capital pouring into Vietnam's real estate market
- Vietnam news in brief - August 24
- Growing number of FDI firms moving to Vietnam
- Vietnam Gov’t committed to facilitating Adani Group’s US$2-billion port project
- State-owned corporations set to pilot offshore wind power projects