Invested by the Republic of Korea’s Global Consultant Network Co.Ltd and the Hanoitourist Corporation, the work has a total cost of 420 million USD. Of the figure, 120 million USD are contributed by both of them and the remaining are loans.

Chairman of the Hanoi municipal People’s Committee Nguyen Duc Chung (R) presents investment license to investor.

Speaking at the event, Chung said it is the first-ever horse racing course licensed by the Prime Minister in Vietnam. He wished that the project would be launched soon to generate more jobs, raise local income, and especially strengthen Vietnam – RoK strategic partnership.

He committed all possible support to the project and assigned Soc Son authorities to step up site clearance and assist investors in administrative procedures.

The work covers over 125ha in Tan Minh and Phu Linh communes and will operate for up to 50 years starting from the license day.

Organizers to select 1,000 volunteers for Hanoi F1 race

The Vietnam Motorsports Association (VMA) will enlist the services of 1,000 volunteers in organizing the F1 Vietnam Grand Prix 2020.

Festival to offer paragliders views of northern terrace fields

Mu Cang Chai, a rural district in Yen Bai Province with iconic rice terraces, will host a paragliding festival from September 20-22. 

Global yacht race clipper named “Ha Long Bay – Vietnam”

A participating clipper of the Clipper Round the World Yacht Race 2019-2020 was named “Ha Long Bay – Vietnam” at  a ceremony held in London’s St Katherine Docks on August 29.

Vietnam to host F1 race on April 5, 2020

Formula One has released its schedule for 2020, with the first ever Vietnam Grand Prix set to be the third among 22 races of the year, an unprecedented number of yearly races in the event’s history.

Major hotspots brace for National Day tourism surge

As the 3-day National Day holiday nears, accommodations in tourism hotspots show varying occupancy levels, online reservation sites say.

Source: VNA