#VietnamCryptoPolicy Vietnam is a country located at the eastern edge of mainland Southeast Asia, with a total area of approximately 331,000 square kilometers and a population of over 100 million people, making it the world's 15th most populous country.
*Key Facts:*
- *Capital*: Hanoi, with a metropolitan area of 7.1 million and a city proper population of 5.067 million
- *Largest City*: Ho Chi Minh City
- *Government*: Socialist Republic, with a one-party system led by the Communist Party of Vietnam
- *President*: Currently, Luong Cuong, who was appointed on October 21, 2024, succeeding Tô Lâm
- *Prime Minister*: Pham Minh Chinh, who has been in office since 2021
- *Language*: Vietnamese is the official language
- *Currency*: Vietnamese đồng (₫)
*Economy:*
- *GDP (PPP)*: Estimated to be around $1.559 trillion in 2024, ranking 26th globally
- *GDP Per Capita*: Approximately $15,470 in 2024, ranking 106th globally
- *Nominal GDP*: Estimated to be around $465.814 billion in 2024, ranking 33rd globally
*Recent Developments:*
- *Leadership Changes*: After the death of Nguyễn Phú Trọng on July 19, 2024, Tô Lâm took over as the General Secretary of the Communist Party and later became President. However, he was succeeded as President by Luong Cuong on October 21, 2024
- *Economic Growth*: Vietnam continues to experience economic growth, driven by its young population, growing middle class, and increasing foreign investment.¹ ²