Now I’m not sure how much credibility to give this, but it’s worth reporting anyway…
Apparently Vietnam is touting itself as the next nation to join Formula 1’s ever-growing expansion in the Far East, with Hans Geist – a promoter linked with previous Grand Prix projects in Russia, Austria and Bahrain – proposing a $150 million construction project to the nation’s Ministry of Planning & Investment.
The vietnamvet.vn website is reporting that the proposal is to build a F1-spec circuit in the central Vitenamese province of Khanh Hoa.
“The dynamic economy of Vietnam and tourism potential are good reasons for building a circuit here,” Geist claims.
“Formula one … will guarantee a professional business communication for Vietnam and its international recognition. It will certainly stimulate Vietnam’s economy, tourism and infrastructure,” he added.
Should the project be given the go-ahead, it is anticipated that construction would take about three years.
A Vietnam Grand Prix in 2015? Anyone care to have a wager on that happening?
Richard Bailey
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