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Vietnam revs up

A racing car

Vietnam's capital city Hanoi will join the Formula 1 calendar in 2020.

It's the first new race announced since US conglomerate Liberty Media bought the commercial rights to the series in 2016.

It wants to expand F1 and thus boost revenues.

The BBC's chief F1 writer, Andrew Benson, says the sport itself is going through a period of uncertainty, with income dropping and talks dragging over new regulations for beyond 2020 on cost control, revenue distribution and the cars themselves.

Read more here.

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Vietnam's 'exceptionally globalised economy' a good thing

Vietnamese worker welding in the body shop at the Ford automotive plant
Getty Images

Vietnam's focus on exports for economic growth, together with its cheap labour market, among some other factors, will protect it from any future turn against globalisation as the US-China trade spat continues to rattle on.

"In 2017, Vietnam’s trade as a percentage of GDP reached over 200%," according to the online news publication Quartz.

"This is the highest level for any country with over 50 million people in the World Bank’s data, which goes back to 1960."

Like China before it, Vietnam has opened up its cheap labour market to foreigners and embraced low-cost manufacturing opportunities with firms like Ford.

Many of its goods are then exported back to China and the US.