The economic situationTextile industry subject to the impact of the situation of global economic upheaval. The export-import activity plays an important role in the industry, with exports accounting for 80% of the total turnover of the whole industry, and textile materials also depends to 70% of imports. The situation of inflation, interest rates, fluctuations in exchange rates will affect the prices of inputs, andspecifically affect the access of capital of businesses. For product output, the more economic development, the living and the higher the income the more people focused on the consumer products, including products of the textile industry.Raw materialsThe development of textile industry need for raw material supply market, otherwise the production will depend greatly on the source of raw material imports. In fact, the Vietnam textile is currently 70% dependent on imported raw materials. Then the business will be very difficult in tapping the advantages from TPP and FTA with the high requirements regarding rules of origin.Consumer product trendsThe fashion industry's strong impact to the consumer trend of the market, from which decided the development process of the global textile industry. The shortening of product life cycle of the fashion industry have created fundamental changes in supply chain, value chain, as well as the response time of the order and the Vietnam textile not outside this trend.
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