Vietnam Considers $150 Million F1 Track Project

Now, we know Bernie Ecclestone wants Formula One to expand to as many countries on the Globe as possible, but a race in Vietnam would certainly make for a top headline in the years to come. According to a report issued by vietnamvet.vn., it seems such a project is very much in discussion, although Ecclestone is yet to address it personally.

The idea of a potential Vietnamese Grand Prix came to Hans Geist, who was formerly linked with similar moves in Russia, Austria and Bahrain. As reported by the aforementioned source, it seems that Geist has already forwarded a $150 million project to Vietnam's ministry of planning and investment.

The source did not mention whether the project was priorly evaluated by Ecclestone. As far as we're concerned, all Geist wants to do is ensure the building of a FIA-sanctioned circuit that will be able to host international races. Whether F1 will decide to pay a visit to the Nha Trang Bay in central Khanh Hoa province – where the project is based – that will remain a thing of the future.

“The dynamic economy of Vietnam and tourism potential are good reasons for building a circuit here,” said Geist, according to vietnamvet.vn. “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.

We remind you that the project is yet to be confirmed or approved by the officials of Vietnam. In case a positive response will come, Geist gave assurances that the circuit would be up and ready to open its doors to international racing series in 3 years time.