leading business groups in l.a and ho chi minh city ESTABLISH SUSTAINABLE ECONOMIES ALLIANCE

July 30, 2018

The Los Angeles Business Council and American Chamber of Commerce announce a new partnership designed to drive economic growth and deliver environmental benefits 

HO CHI MIHN, VIETNAM – The Los Angeles Business Council (LABC) and the American Chamber of Commerce in Vietnam (AmCham) today signed a Memorandum of Understanding (MOU) that launches an alliance designed to promote economic development through collaboration and information sharing in the areas of solar energy generation, infrastructure development, and sustainable investment activities in Ho Chi Minh City.

Both organizations recognize the importance of meeting the energy infrastructure demands of their growing populations, and to do so in a manner that effectively addresses the challenges of climate change. Ho Chi Minh’s population is expected to increase to 13.9 million by 2025, with L.A.’s expected to rise to 15.7 million during the same timeframe. Both cities also share a desire to realize the market potential for solar energy, which the MOU addresses with a commitment to share city-to-city knowledge of technology and design to promote environmental sustainability.

“Our two cities have many common interests, including increasing the use of clean energy and reducing reliance on coal-fired power,” said LABC President Mary Leslie. “This new partnership between our two cities will support emerging technologies, companies and energy providers dedicated to a clean energy future.”

The LABC, one of the most influential advocacy and educational organizations in California, has spearheaded business friendly solar energy policies in Los Angeles, which today boasts the most installed solar of any city in the nation. The group also spearheaded a clean energy coalition that drove the development of the most successful feed-in-tariff program in the United States.

AmCham Vietnam’s primary mission is to increase trade and investment between the U.S. and Vietnam, and to further the development of sustainable energy programs throughout the country. This new alliance brings together these influential business groups, formalizing their relationship and setting goals for information sharing and problem solving.

Los Angeles Mayor Eric Garcetti, a champion for sustainable energy development, participated in today’s event where the MOU was signed. The Mayor is leading a 10-day Asia trade mission that is intended to develop trade opportunities and encourage direct investment in L.A. as well as tackle issues like climate change and sustainable planning for the 2028 Olympic Games that will be held in Los Angeles. To date, the Mayor and his delegation have met with key government and private sector leaders in Tokyo, Seoul and Hanoi. From Ho Chi Minh city, the Mayor will conclude the mission in Hong Kong.

“Today’s agreement is an important recognition that fighting climate change has to be a concerted global effort,” said Mayor Garcetti. “L.A. is leading the charge in making 100 percent renewable energy a reality — with a thriving green economy to show for it.  Sharing best practices and promoting partnerships to expand sustainable development will ultimately make our cities more livable and successful.”

The LABC has a long history of fostering international collaboration, most notably helping form the Tripartite Economic Alliance between the sister cities of Los Angeles, Auckland, and Guangzhou in 2014.This newest alliance between Los Angeles and Ho Chi Minh similarly reflects a desire to share best practices, identify business partnerships and collaborate in the work of leading both cities into a healthier and more prosperous future.

“We are honored to enter into this partnership with the American Chamber of Commerce in Vietnam and we look forward to the fruitful dialogue that is to come,” said Nadine Watt, chair of the LABC and president of Watt Companies. “I am confident that this agreement will have a profound positive impact on both of our cities by accelerating the work our respective business communities are doing today to have a more sustainable tomorrow.”

 



LABC EndorseGavin Newsom for Governor of California

June 13, 2018

The Los Angeles Business Council (LABC) has unanimously voted to endorse Gavin Newsom for Governor of California. This is the first time in nearly two decades that our organization has publicly supported a candidate. But the stakes are currently too high in California – the world’s fifth largest economy – for the voice of business to remain silent in this election. 

That’s why today we are joiningGovernor Jerry Brown, Attorney General Xavier Becerra, Senate President Pro Tem Toni Atkins andAssembly Speaker Anthony Rendonto support Mr. Newsom’s vision for the Golden State. This is an important demonstration of unity among the leadership of California and the business community in supporting Mr. Newsom who will defend and stay true to Californian values.  

During a time when issues like immigration are being used to divide communities, Mr. Newsom will lead in a way that embraces our state’s diversity and protects the rights of the people and businesses who make California strong and innovative. His plans to meet California’s housing needs are crucial to improving residents’ quality of life as well as supporting our state’s long-term ability to recruit companies and help them expand here. 

Mr. Newsom has a proven track-record of fostering business development and job growth coupled with a commitment to sustainability. He embraces a core LABC policy position that environmental stewardship and economic growth go hand-in-hand. We trust that under his leadership, California will continue to outpace the nation both in terms of economic growth and strong environmental protections. 

California has proven time and again that effective and bold public policy that fosters innovation, inclusion and sustainability drives growth and job creation. As Governor of California, Gavin Newsom will advance an agenda focused on strengthening our economy while amplifying the priorities of California voters.

On behalf of our 500 members, the LABC stands behind Mr. Newsom as the candidate best suited to forge consensus and unite our communities