Automotive manufacturer Vinfast has been unveiled as the title sponsor of the 2020 Formula One Vietnam Grand Prix on October 14.
The three-day event, which is scheduled for next April in Hanoi, is now called the F1 Vinfast Vietnam Grand Prix. Founded in 2017, Vinfast becomes the youngest company to secure title sponsorship to a Formula One Grand Prix, joining established brands such as DHL, Petronas, Pirelli and Rolex associated with the sport.
|Nguyen Viet Quang, general director of Vinfast (L) and Chase Carey, President and CEO of the Formula One Group, at the title sponsor announcement in Hanoi.
As the title sponsor, Vinfast will be invited to take part in the process of creating and designing the trophy and Vinfast representatives will present the silverware to the winner.
“It is a chance for Vinfast, a Vietnamese auto manufacturer, to stand side-by-side with other leading companies at the elite sport event. The Vietnamese brand-name will be popularised widely to spectators in more than 200 countries and territories through live broadcasts and different kinds of media,”, said Nguyen Viet Quang, General Director of Vinfast.
Chase Carey, Formula One's chairman and chief executive, added: “We are very pleased to welcome VinFast as title sponsor of the first ever Vietnam Grand Prix. It is a young, dynamic and ambitious company; qualities that make it the ideal partner to grow our sport in Vietnam.
“Vinfast’s sponsorship will be a strong push and an important point in our route to bring the F1 Grand Prix to Vietnam,” said Le Ngoc Chi, General Director of Vietnam Grand Prix Company.
“We will try our best to complete our targets, bringing to spectators a typical racing stage and a festival combining entertainment, sport, world-class technique and national culture,” she added.
The first ever Vietnam Grand Prix will be held on 5th April next year in capital city Hanoi at a temporary street circuit, featuring a combination of public roads and a purpose-built section. The track is designed by German group Tilke and will be set up on the main urban streets around My Dinh Stadium.By Thien Minh