Vietnam, Netherlands step toward F1 in 2020

Vietnam has taken a big step toward being on the 2020 Formula 1 schedule.

The People's Committee of Hanoi, the capital of the Asian country, plans to issue an invitation to Formula 1 next week to launch a 2020 street circuit and race.

It reads: "The city of Hanoi managed to conclude the cooperation to be entitled as the official host of a race of the FIA Formula 1 World Championship (from) April 2020."

It is not the only new race that could debut in 2020.

De Telegraaf, a Dutch newspaper, says Liberty Media has made an offer for the circuit at Zandvoort to organize a Dutch Grand Prix.

"If we sign now, the Netherlands will have a Grand Prix again in 2020," circuit owner Prince Bernhard van Oranje said. "With Max Verstappen, everyone is well aware that this is a unique opportunity."

The newspaper said Zandvooort would have to pay an annual race fee to Liberty Media of about $22 million.

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