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Hanoi's New Horse Racetrack Set to Open in 2020

Hanoi’s new horse racing complex in Soc Son is set to begin operating in October 2020.

According to Dan Tri, the project recently received an investment license from Hanoi authorities. The investors, Hanoi Tourist Corporation and South Korea’s Global Consultant Network Company, estimate the project will cost around US$420 million. The project was first announced in November 2018.

Officials say the events held there will create 5,000 jobs at the race complex alone. Beyond that, it is also hoped the infrastructure surrounding the races will bring an extra 25,000 jobs to the city. The track will be constructed in Soc Son Province, just north of Noi Bai Airport.

Besides cheering for their favorite steeds, spectators can also try their luck with gambling. Sports gambling was previously illegal in Vietnam, but in June 2018, the National Assembly approved a law to legalize it. Previously, the illegal market was thought to be valued at about US$1.5 billion annually. The new law places a wager limit of VND1 million a day, and gamblers must be 21 years of age and hold an account with a bookmaking company.

Also under construction right now is another kind of racecourse — one that will see much more horsepower. The Formula One racetrack next to the My Dinh Stadium is where Vietnam's first Grand Prix will take place in April 2020.

[Top image via Racing Post]

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