Thailand is enhancing digital policies to boost its economy and cybersecurity, aiming for a 30% GDP contribution by 2030, while attracting tech investments amid the U.S.-China rivalry.
Key Points
- Thailand is developing new digital policies to address the economic impacts of U.S.-China rivalry, aiming for its digital economy to contribute 30% of GDP by 2030 while enhancing cybersecurity.
- Prime Minister Paetongtarn Shinawatra plans to leverage AI for agriculture and increase exports to China. Commerce Minister Pichai Naripthaphan notes that Thailand could benefit from the U.S.-China trade war as investments shift from China.
- Alongside Malaysia, Vietnam, and Singapore, Thailand is becoming a hub for tech companies. Microsoft has invested billions in regional data centers, with Google and Amazon also committing significant investments in cloud infrastructure.
Thailand is proactively developing new digital policies aimed at mitigating the effects of the escalating U.S.-China rivalry on its economy and technological landscape. During a recent address at the National Defence College, Prime Minister Paetongtarn Shinawatra highlighted the government’s commitment to accelerate initiatives that will enhance the digital economy, targeting a contribution of 30% to the nation’s GDP by 2030. Emphasizing the importance of national cybersecurity, she underscored the significance of bolstering the country’s digital infrastructure concurrently.
In addition, Prime Minister Shinawatra outlined plans to leverage artificial intelligence in the agricultural sector, with aspirations to enhance productivity and facilitate increased exports, particularly to China. This strategic pivot aims not only to harness technological innovation but also to strengthen Thailand’s position as a vital player in regional trade dynamics.
Addressing the potential impact of a U.S.-China trade war, Commerce Minister Pichai Naripthaphan expressed optimism about Thailand’s position, suggesting that the country could benefit as businesses diversify investments away from China and redirect exports toward the U.S. This shifting landscape presents an opportunity for Thailand and other Southeast Asian nations, such as Malaysia, Vietnam, and Singapore, to attract major technology firms targeting a burgeoning market characterized by a young and digitally adept population.
Significantly, investments from global tech giants underscore this trend; Microsoft has committed billions to establish a regional data center in Thailand, while Google has invested $1 billion in cloud infrastructure. Additionally, Amazon’s plan to invest $5 billion over the next 15 years for its cloud computing operations highlights Thailand’s growing importance in the technology sector, reflecting a broader regional trend toward digital investment.
Discover more from Thailand Business News
Subscribe to get the latest posts sent to your email.