Hanoi, Feb. 1 -- Although formal export methods are more complex and high costs compared to exporting via unofficial channels, experts recommends businesses to adopt this practice as it brings about greater benefits for them when penetrating big and choosy markets like the European Union (EU).

The EU is one of the most promising export markets globally, with a population of over 740 million and a gross domestic product (GDP) exceeding 18 trillion USD. It is Vietnam's third-largest export market, encompassing strong sectors such as footwear, textiles, agricultural products, and consumer electronics.

Over the past four years, Vietnam's export to the EU is eclipsed the 200 billion USD mark, achieving an annual growth of 12-15%, according t...