Do you know the most effective investment apps for making money on your phone in Vietnam?

The COVID-19 pandemic has completely changed the way millions of people work and earn a living. In today’s digital age, just a smartphone is enough for you to easily participate in trading activities, fill out surveys, or even run online businesses without significant investment. Making money online is no longer an unfamiliar trend but has become a genuine industry. So how do you choose the right investment apps that suit your needs?

The Three Main Ways to Make Money Through Mobile Apps

Currently, methods of earning money via apps are very diverse and plentiful. Income-generating activities from smartphones can be categorized into three main groups, each with its own characteristics, advantages, and challenges.

Type 1: Task Completion Apps

This is a popular way to earn money among beginners, as it requires no initial capital, no professional knowledge, or experience. Users only need to perform simple tasks such as answering surveys, watching ads, inviting friends to download the app, and then receiving rewards. Each completed task usually pays from 5,000 VND to 100,000 VND depending on complexity. However, although easy, this method requires quite a lot of time, but the income is not significant.

Type 2: Investment Apps for Financial Earnings

These are applications from banks, securities companies, or financial trading platforms that allow you to perform investment activities directly on your phone. You can open savings accounts, trade stocks, or invest in international financial assets without visiting a branch in person. Apps in this category include those from banks, Vietnamese stock exchanges, and international asset trading platforms. Among them, the highest earning potential comes from international financial investment apps, but they require higher knowledge and skills. Saving money in a bank yields low returns (around 4-7% per year), while investing in stocks or international assets can be more profitable.

Type 3: E-commerce Apps

E-commerce has developed strongly in Vietnam, allowing anyone to open an online store with low startup costs. You just need to register an account, create a store on platforms like Shopee or others, and wait for customers to place orders. Income depends on your business ability and market demand for each product. However, trading platforms usually deduct a commission of 15-20% from each successful transaction.

Detailed Comparison of the Three Money-Making Methods

Regarding Investment Capital: Task completion apps require no capital, while the other two types do require initial investment. For financial investment apps, you need capital to open a trading account. For e-commerce, you need capital to purchase goods.

Regarding Income Range: Completing tasks yields 5,000-100,000 VND per task. Financial investment apps have returns calculated as a percentage of invested capital (4-7% for savings, over 10% for financial investments). E-commerce income varies depending on product selling price and sales volume.

Regarding Usage Costs: Task completion apps are usually free. Financial investment apps may charge transaction fees or savings fees (often from 50,000-200,000 VND for banks, 0.01-0.03% of transaction value for stocks). E-commerce platforms charge commissions upon successful sales.

Regarding Suitability: Task completion is suitable for students and those with plenty of free time. Investment apps are suitable for those looking to save or invest long-term. E-commerce is suitable for people wanting to run a business and have products to sell.

Popular and Trustworthy Applications

Mitrade - International Asset Trading Platform

Mitrade is an international broker licensed by the Australian Securities and Investments Commission (ASIC). This app allows you to trade over 100 different assets, from stocks (Apple, Tesla, Amazon), market indices (S&P 500, FTSE 100), cryptocurrencies (Bitcoin, Ethereum), to commodities like crude oil and gold. A highlight is that you only need to invest a small part of the asset’s value to participate in trading, amplifying potential profits. The platform offers a free demo account for practice with virtual capital.

Usage is very simple: download the app, select the asset you want to trade, choose the amount, and wait for the right moment to take profit. For example, if you predict Bitcoin will increase in price, you only need to invest a small portion, and if the price rises by 1%, your profit could increase by 10% accordingly.

VPS SmartOne - Vietnamese Stock Trading

VPS SmartOne is a stock trading app from a brokerage licensed by the Vietnamese Securities Commission, known for its user-friendly platform and fast order matching. You can invest in leading Vietnamese stocks like Vinamilk, Masan, Vingroup. However, the leverage offered is lower than international platforms, so a 1% increase in stock price results in about a 2% profit.

FinHay - Investment Savings for Beginners

FinHay is an ideal choice for those lacking deep financial market knowledge. You just need to deposit money and let a professional investment fund manage it, then receive profit sharing when the fund makes a profit. Returns are usually from 5-15% annually, higher than regular bank savings but lower than automated trading. This is a safe solution for inexperienced investors.

Shopee - E-commerce Platform

Shopee is Vietnam’s largest e-commerce platform today, with a simple and quick store setup process. The platform often has sales support policies and attracts a large customer base. You just need to post ads, wait for customers to order, then deliver and receive payment.

Grab - Earning Through Tasks and Promotions

Besides ride-hailing services, Grab also offers challenges and cashback promotions when you use their services. For example, completing 5 rides can earn you 20,000-50,000 VND into your e-wallet. This is a daily spending method but still provides additional financial benefits.

Important Notes When Choosing Money-Making Apps

Although earning money online is easy, there are many risks from fake apps, viruses, or unlicensed financial companies. Before installing any app, you should:

• Check if the company is licensed by a government authority. For example, Mitrade is licensed by ASIC, VPS is licensed by the Vietnamese Securities Commission.
• Read reviews and comments from previous users on app stores.
• Only use platforms with high transaction rankings or industry reputation.
• Especially beware of task completion apps, as they are prone to viruses that steal personal information.

Conclusion

Every smartphone is an opportunity to earn money if you know how to use it. Instead of wasting time on social media, leverage your time to participate in money-making investment apps or online business. The three main methods—task completion, financial investment, and e-commerce—each have their own advantages and disadvantages. Among them, earning through financial investment apps yields the highest efficiency if you have basic knowledge. However, the most important thing is to always be cautious of scams, viruses, or personal information theft. Research reputable applications thoroughly before starting to ensure safety and effective earning.