Guide to choosing reputable online earning apps for Vietnamese users

In recent years, online earning has no longer been a new trend but has become an indispensable part of the economic activities of Vietnamese people. With the development of digital technology and e-commerce, you only need a smartphone to generate additional income. However, not all online earning apps are reputable and safe. This article will help you understand various ways to make money on your phone and find trustworthy applications.

The three main methods to earn money on your phone

The current market for earning apps is very lively, but fundamentally, it can be divided into three groups:

Task-based apps - Easy to start but low profit

This is the simplest way to earn money, suitable for those who want quick cash without initial capital. You just need to complete tasks such as surveys, inviting friends to download the app, watching ads, or answering questions. Each completed task rewards you from 5,000 VND to 100,000 VND, paid via scratch cards or direct bank transfer.

The advantage of this method is that it requires no skills or professional knowledge. However, the profit is very modest compared to the time spent, so it’s only suitable for students or those with plenty of free time.

Financial investment apps - High returns but require knowledge

This group includes platforms provided by banks, securities companies, or international brokers. Through these apps, you can:

• Save money at banks with interest rates of 4-7% per year
• Invest in Vietnamese stocks
• Trade international financial assets such as stocks, indices, cryptocurrencies, or commodities

Potential profits are very high, especially with international financial investments (up to over 10% annually). However, you need financial market knowledge and analytical skills to succeed. Transaction costs are also not insignificant, ranging from 50,000 VND to 200,000 VND for banks, or 0.01%-0.03% of the transaction value for investment platforms.

E-commerce apps - Earning potential depends on you

You can open an online store on e-commerce platforms with low initial investment. Each sale requires you to pay a commission of 15-20% to the platform. Profits entirely depend on your sales ability and customer demand for your products.

This method is most suitable for those with an entrepreneurial spirit and sales management skills.

Detailed comparison of the three earning models

5 reputable online earning apps today

1. Mitrade - Global financial asset trading

Mitrade is an international broker licensed by the Australian Securities and Investments Commission (ASIC). This app allows you to trade over 100 types of assets including international stocks (Apple, Tesla, Amazon), stock indices (S&P 500, FTSE 100), cryptocurrencies (Bitcoin, Ethereum), and commodities like crude oil, gold.

Advantages:

• Popular trading platform with high-yield investments
• Free demo account with 50,000 USD virtual funds for practice
• High leverage support (1:10), amplifying profits
• Rated 4.2 stars on Google Play

How to earn money: Choose an asset (e.g., Bitcoin), predict the price increase, place a buy order with your desired amount. When the price rises by 1%, your profit increases by 10% thanks to the leverage mechanism.

2. VPS SmartOne - Vietnamese stock investment

VPS SmartOne is a Vietnamese stock trading app managed by the securities brokerage VPS, licensed by the Vietnamese Securities Commission. This platform is known for its user-friendly interface and the fastest order matching speed in the market.

Advantages:

• Trade top stocks like Vinamilk (VNM), Masan (MSN), Vingroup (VIC)
• 1:2 margin, allowing faster profit-making than regular savings
• Among the top 5 largest securities brokerage firms in Vietnam

Limitations: Lower margin than Mitrade (1:2 instead of 1:10), so relatively lower profits when stock prices increase.

3. FinHay - Savings investment for beginners

FinHay is a solution for those without financial investment knowledge. You just need to deposit money, entrust it to financial experts for management, and share profits when the fund makes gains.

Advantages:

• Safe for beginners
• Interest rate of 5%-15% annually, higher than bank savings
• No market knowledge required

Limitations: Interest rates are still quite low compared to direct investment on other platforms.

4. Shopee - Easy online selling

Shopee is Vietnam’s largest e-commerce platform. Opening a store here is very simple and quick. Shopee often offers promotional policies to attract sellers, drawing more customers than other platforms.

How to earn money: Post ads for your products, receive orders from customers, deliver, and collect payments. Each sale, you pay a commission to the platform from 15%-20%.

5. Grab - Earn money through daily challenges

Grab is not just a ride-hailing app. You can also earn money through daily challenges. For example, completing 5 rides will earn you 20,000-50,000 VND cashback into your e-wallet.

Advantages:

• Simple promotional activities
• Fast payments into Grab wallet
• Suitable for frequent Grab users

Important notes when choosing earning apps

Verify credibility

Before installing any reputable online earning app, you should:

• Check the operating license of the provider (ASIC, Vietnamese Securities Commission, etc.)
• Read user reviews on Google Play or App Store
• Research company information on reputable forums
• Only choose platforms with long-standing operation history

Warning about scams

Currently, many fake apps or unlicensed financial companies exist. Warning signs include:

• Apps installed briefly then disappear
• Companies without licensing from regulatory authorities
• Requests for links or personal information
• Promising unrealistically high profits

Protect personal information

When using task-based apps, there is a risk of malware installation to steal data. Therefore:

• Only download apps from official stores
• Check app permissions before installation
• Avoid apps requesting excessive unnecessary permissions

Conclusion

Earning money online through reputable apps is entirely feasible, but requires caution and proper selection. Depending on your personal situation, you can:

• Do tasks if you want quick money without capital
• Invest financially if you have knowledge and are willing to take higher risks for higher returns
• Sell online if you have products to sell and business skills

Whatever method you choose, always equip yourself with knowledge, thoroughly research reputable online earning apps, and beware of scams. We have the tools to earn extra income; now it’s just a matter of using them wisely and safely.