has become viral on social media after having The demolition of the old Ministry of Justice building at It is next to the Sai Gate which is an inheritance. Since the Lao Kingdom era to create It is a public part and a souvenir shop. to take its place, which received support from construction costs Built from the China Yunnan Provincial Trade Department, the amount of 300,000 dollars was carried out. Built by a consulting and construction company. Yunnan Province by China, which is this story It has not been revealed that there is support for the fee. Construction by the Chamber of Commerce along with receiving Concession or not, some people have shown The opinion is that this is really a pity because that it is a beautiful building built in the era which was still the Kingdom of Laos before Changed to Lao PDR. This is the legacy of The true Kingdom of Laos has not been preserved. and now many people say that it's because of the reason This is what causes inflation in Laos. This has always had an impact on the value of the kip because From February until May The value of the petal currency continues to depreciate because that in February the inflation rate was 25.4 per cent, while in March it decreased came a little bit at 24.9 per, but in the month In April the inflation rate rose to 24.9 2% and in May the inflation rate in Laos was at 25.8 per cent, which some people said. Let me tell you, right now, if we exchange money in kip The baht is currently at 730 kip per 1 baht in the foreign market, which is due to inflation. Laos is called very dangerous. They said that when This was as if the curse had come true. The truth lies with the group that runs the country. Nothing has changed yet. Some comments have. Said that the Lao provincial governor said that there is no era? In which era will those places prosper? Got it in this era again thanks to the party leaders. that leads people towards prosperity Build more roads, everyone must say the word This latest compliment is Mr. Bunluea Srithai. Worawong, Governor of the Lao Central Bank, announced that Lao inflation is likely to remain high Until the end of the year, so it's impossible. to reduce inflation to a small amount The only one within 2024, according to the latest governor The Lao Central Bank spoke at a fundraising meeting. Opinions about organizing strategies dealing with inflation that is still rising Continuing with the inflation rate in Laos reaching its highest rate of 41.2 6% in February last year, although there is a trend has decreased since then but the inflation rate is still remains at the level of 2 digits, which is a factor This causes inflationary pressure as well. There are many aspects such as the price of germs. Fire, natural gas and product prices in Laos It must be imported with an uncertain total price. to the depreciation of the national currency or That the Lao petal money is compared to the value of the currency The Thai baht and the US dollar will further result in The inflation situation is very difficult. more difficult and difficult to maintain the price of leading products entered below the current level by you Boonluea emphasized methods for solving problems. As mentioned, emphasizing the importance of creating Public awareness about Causes of inflation and measures taken The Lao government has taken steps to solve the problem and Calling on attendees to take care of the people to have a broader understanding of with the situation and strategies that were used To reduce the impact of Lao inflation which In the past year, the Lao Central Bank had set The goal is to reduce inflation to 99% by means of implementation, whether it is Using monetary policy to send income from Export into banking system and rate adjustment Exchange in accordance with market mechanisms which Even though the event was planned in the past All according to the stated goals. The goal of reducing inflation below 10% has never been achieved. There has been a commitment from the president of the country. Mr. Thonglun Srisurit who will lead the economy to reduce More dependency and will be promoted. Assembled within the country to increase rigidity The Lao PDR's economy is strong at present. Still, there is no promise of meaningful development. importance and dependence on imports for Laos' heavy domestic consumption is also There are even more challenges than before. On this page, Lao PDR has announced that it will The country dropped out of the group of underdeveloped countries with The target has been postponed 3 times, the latest of which should be extended to 2026 because at first It was once planned that he would leave the country. Underdeveloped in 2021, but when the impact of COVID-199 occurred, it was postponed to 2020, but the report that came out did not reveal income. It does not consider the economic conditions and rates. Inflation, so I don't know if Lao PDR still has it. The goal is to escape from an underdeveloped country. Is it the same as before? Some people say that people Many people in Laos understand that being in Laos is Product prices are more expensive in Thailand because people Laos is richer, but there are some Lao people who argue against this. Yes, at this time in Lao PDR there is a modern era. Awesome because it's the latest in the capital. Vientiane has a real-time air quality display located in front of the auditorium. Nations whose languages appear include Lao. And last year's English in Vientiane also had You can now make your own lid for the fried curry basket and drain the water. And there are some comments saying that now in Lao PDR: Prosperity in a country is measured by signs. So I'm not sure that having an LED screen represents the most modern technology in the country. Or still some comments say look at the latest one. There were Lao people who announced on social media that if Did Singapore Airlines land in Laos? Khamen probably would not have this kind of thing happen. And then there is the distortion of the news and alluding to it. To Thailand, but the reality is all over the world. They praised Thailand for its response. quickly, including Singapore's leaders Came out to officially announce thanks to Thailand. Every country praises Thailand for having doctors. and a group of nurses who help provide good care as Many Thai people who saw comments like that probably I cannot accept why Lao people have come. Announced in the media and distorted the truth. Lao people have a bad attitude and are not knowledgeable. That's right, this is what has the impact. to the current Lao economy, the size of the currency I've had this problem for a long time, but I still understand. It is a mistake to think that the weaker the currency, the more money is required. Come and exchange a lot of baht, which means that people are rich. Much richer than Thai people, even the news published in Laos now has the Bank of Lao PDR. Issue regulations to control currency between Countries which are now being determined and enforced Foreign investors must open a bank account in accordance with specified in Laos before making a transaction Financially, Lao people have not yet studied the information. This is the problem of the value of the Lao kip. Very weak, Lao people have almost no knowledge about This and now Laos is still forcing investors to Countries require bank accounts to be opened in both currencies. Lao kip and foreign currency with banks Commerce in Laos, which determines the time period This must be done within 15 days of receipt. Business license or investment proposal that has been approved in Lao PDR like this Lao people should be wrong and consider that the value Money is effective and inflation is there. At a level called crisis [Applause] [Song]
