Prime Minister Nguyen Xuan Phuc (R) shakes hands with President and CEO of Formula One Group Chase Carey (Photo: VGP)

The Prime Minister  made the statement Wednesday at a reception for Chase Carey, President and CEO of Formula One Group, who is in Hanoi to attend a ceremony announcing Vietnam’s hosting of a Formula One race in Hanoi. Mr. Phuc called the race a prestigious international sporting event of interest to fans all over the world. He applauded the cooperation between Hanoi and Formula One, calling it an important event not only in sports but also in culture and society, that contributes to Vietnam’s development. He said hosting the race will confirm Vietnam’s suitability to host other world-class sporting events.

Mr. Carey thanked the Hanoi authorities for their close cooperation with Formula One, which he says, will attract more partners to Vietnam.