Vietnam, officially The Socialist Republic of Vietnam (SRV), is a country located in Southeast Asia, in the east of the Indochina Peninsula along the coast of the South China Sea. Its population is over 90 million and the capital is Hanoi. The country is ruled by a communist government; however private enterprise is allowed. The official language is Vietnamese. Relations between the EU and Vietnam are based mainly on the Cooperation Agreement between the European Community and Indonesia, Malaysia, Philippines, Singapore and Thailand (i.e. member countries of ASEAN) signed in Kuala Lumpur on March 7th, 1980 and effective as of October 1st, 1980. SRV joined this agreement by signing the Protocol on the extension of the Cooperation Agreement in Singapore on February 2nd, 1997. In June 2012, the EU-Vietnam Partnership and Cooperation Agreement (PCA) were signed. This agreement focuses particularly on supporting areas of political dialogue, business, investment and economic, social and cultural cooperation. In the last trimester of 2014, the negotiations of the Free Trade Agreement between the EU and Vietnam are expected to be concluded.