Since Bernie Ecclestone was replaced at the start of 2017 by the three-man management team of Liberty Media under Chase Carey, everyone was waiting to see what they would produce to grow the business that Bernie had not been able to do.
It's taken some time. But the announcement of what will surely be at least a five-year deal to host a new race on the streets in Hanoi, Vietnam, starting in 2020, is a genuinely exciting move for the sport. It fulfils Carey's promise not only to take F1 closer to the people, with street races rather than expensive white elephant circuits as Ecclestone specified in India and Korea. But it also takes F1 to what the American describes as 'destination' cities.
Older readers may think of the costly US-led war in the late 1960s and early '70s when Vietnam comes up, but for younger generations it's a thriving economy and tourist destination; Asia is expected to drive the world's growth over the coming decades. Ecclestone saw the potential of Asia and expanded eastwards in the final decade of his reign. Legend has it he became increasingly aware of this by watching big sums being placed by Asian gamblers sitting alongside him in London's casinos and started making plans.