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Vietnam's auto dreams dented as F1 Hanoi race canceled

Event was supposed to showcase homegrown carmaker Vingroup's brand

Ferrari's Sebastian Vettel and Haas' Kevin Magnussen in action during the F1 Eifel Grand Prix in Germany on Oct. 11   © Reuters

HANOI -- The organizer of Vietnam's postponed Formula 1 auto race said on Friday that the event had now been canceled due to the coronavirus pandemic, striking a blow to local backer Vingroup and the host city of Hanoi.

"This is a hard decision, but the only solution for the safety and efficiency of the round under the current conditions," Le Ngoc Chi, chief executive of Vietnam Grand Prix, said in a statement.

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