However, plans to add a Miami street race in 2019 fell flat earlier this year and have since been postponed indefinitely, while the majority of teams are against expanding the calendar beyond 21 grands prix.
Formula 1 cars won't race there for nearly 18 months, with the first Vietnamese Grand Prix being scheduled for April of 2020, but that doesn't mean we have to wait to see what an onboard lap of the track will look like.
Silverstone are keen on hosting an F1 race in the future, but it would mean having to reach a revised deal from Liberty Media in order to host any future races. "Silverstone was the first grand prix, but we haven't raced at Silverstone all those 68 years".
Silverstone's hand has been strengthened by several public statements from F1's bosses promising they would preserve "heritage races", but Bratches has revealed that the sport is not afraid of replacing some of its most iconic venues. The race has been held at Brands Hatch and other venues.
Vietnam joins the likes of Singapore, China, and Japan to host Formula 1 races in Asia and forms part of Liberty Media's strategy to broaden the appeal of the sport throughout the continent.
But Bratches justified the addition of Vietnam's street race, insisting its presence would not come to the detriment of F1's core historical events. "We are a public company, and we have a lot of stakeholders and shareholders, and we're trying to marry what's best for fans with running a successful business".
"We look at it in three ways", Bratches said. "Firstly, we want to preserve the heritage races". They are very important to Formula 1, and they are very important to fans. "I'm talking about the Silverstones, the Spas, the Monzas of this world", Bratches commented.
"The third segment features purpose-built facilities such as Shanghai, Austin, Texas, and Bahrain".
Bratches made it clear that city-based Global Positioning System have a major appeal to F1 because it puts the racing closer to bigger populations, which is why Vietnam's race in Hanoi will join Monaco, Singapore and Azerbaijan as a street race. "Most of our grands prix are now half an hour to an hour outside cities, so the race in Hanoi fulfills of one of our preliminary goals - an iconic city hosting racing on a potentially thrilling street circuit".
The race will take place at a new street circuit that winds its way through the city of Hanoi.