BANGKOK (Reuters) – Thailand is pursuing new digital insurance policies to deal with rising safety threats together with the impacts of U.S.-China rivalry on the economic system and know-how, its prime minister mentioned on Friday.

“We will accelerate policies so that the digital economy makes up 30% of GDP by 2030,” Paetongtarn Shinawatra mentioned in an deal with on the nation’s Nationwide Defence Faculty, including this might additionally improve cyber safety.

The federal government is supporting the usage of synthetic intelligence to strengthen the agriculture sector and enhance exports to China, she added.

Thailand stands to profit from a possible commerce warfare via re-location of investments from China and extra exports to the USA, Commerce Minister Pichai Naripthaphan has mentioned beforehand.

World tech firms have additionally been ramping up investments into Southeast Asia, notably in Malaysia, Vietnam, Singapore and Thailand, as they vie for a better presence within the area of 670 million, together with a rising younger and tech-savvy inhabitants.

Thailand has drawn in billions of {dollars} of investments within the tech sector, together with a regional information centre for Microsoft (NASDAQ:) and a $1 billion funding from Google (NASDAQ:) in an information centre and cloud infrastructure.

The cloud computing unit of Amazon.com (NASDAQ:) has mentioned it might make investments $5 billion in Thailand over 15 years.