Learn How to Make Money on Your Phone: 5 Effective Methods for Vietnamese People

The 21st century has changed the way we work and earn a living. With a smartphone in hand, you can not only connect to the world but also generate additional income without leaving home. Making money online is no longer an abstract concept but has become a reality for millions of Vietnamese people. This article will guide you on safe and effective ways to learn how to make money on your phone.

The Three Main Online Money-Making Models Through Mobile Apps

When it comes to earning money online, there are three main types that users can participate in. Each has its own characteristics suitable for different needs and financial situations.

Model 1: Quick Task Completion for Earning Money

This is the most popular way to make money today due to its ease and flexibility. Users simply need to download apps, complete simple tasks such as answering surveys, watching ads, inviting friends to download the app, or participating in small interactive activities. After completing each task, users will receive rewards ranging from 5,000 VND to 100,000 VND depending on the complexity.

The advantage of this method is that no initial capital is required, nor special skills or educational background. However, the downside is that the earnings are relatively small and require a lot of time.

Model 2: Financial Investment and Trading

This type of app provides a platform for users to trade various financial assets. It could be a banking app allowing savings account opening, a stock trading app enabling buying and selling shares, or international financial trading platforms.

This model requires initial capital investment but offers higher profits. Savings accounts at banks yield about 4-7% annually, while investing in stocks or international financial assets can yield over 10% annual profit. However, it requires knowledge of financial markets.

Model 3: E-Commerce Business

If you have products to sell, e-commerce platforms are the perfect solution. You create a store, upload products, and wait for customers to place orders. The income depends entirely on the selling price and sales volume. However, you will need to pay a commission of 15-20% to the platform.

Detailed Comparison of the Three Money-Making Methods

5 Popular Apps for Making Money Online in Vietnam

1. Shopee - Leading E-Commerce Platform

Shopee is currently the largest and most widely used e-commerce platform in Vietnam. Setting up a store on Shopee is simple and much faster compared to other platforms like Tiki or Lazada.

This platform often runs attractive promotional policies to increase customer traffic. To make money on Shopee, you just need to upload products, develop a sales strategy, and wait for customer payments. Your income will be proportional to the number of products sold and their prices.

2. Grab - Transportation App with Side Income Opportunities

Although Grab is famous for ride-hailing services, it also offers another interesting feature. Users can earn money by completing (challenge) tasks and receiving cashback.

These challenges work like cashback promotional programs. For example, after completing 5 rides, you will receive between 20,000 to 50,000 VND into your e-wallet. This is a way to earn money from your daily activities.

3. VPS SmartOne - Vietnamese Stock Trading Platform

VPS SmartOne is a stock trading app managed by VPS Securities, licensed by the Vietnam Securities Commission. It features a user-friendly interface and fast order matching system.

On VPS SmartOne, you can invest in stocks of Vietnamese companies like Vinamilk, Masan, Vingroup, and many others. The app offers leverage at 1/2, meaning a 1% increase in stock price results in a 2% profit in your account. To start, you need to deposit a minimum amount into your trading account.

4. FinHay - Investment Solution for Beginners

If you lack deep financial market knowledge or do not want to manage your investment portfolio yourself, FinHay is a safe choice. This app allows you to entrust your money to investment funds managed by professionals.

You just need to deposit a certain amount, and experts will invest on your behalf. When the fund profits, you will receive dividends. The return rate usually ranges from 5-15% annually, higher than savings accounts but lower than self-investing on other platforms. This is an ideal option for those who want to earn money safely and passively.

5. Mitrade - International Asset Trading Platform

Mitrade is an international broker licensed by the Australian Securities and Investments Commission. It allows users to trade over 100 financial assets including global stocks (Apple, Tesla, Amazon), stock indices (S&P 500, FTSE 100), cryptocurrencies (Bitcoin, Ethereum), and commodities (crude oil, gold).

The biggest advantage of Mitrade is that you can trade multiple asset types from different markets with a single app. The platform offers high leverage (1/10), allowing you to amplify profits. When Bitcoin increases by 1%, Bitcoin CFDs on Mitrade can increase by 10%. This offers high profit opportunities but also involves higher risks.

To start trading, download the app (supporting iOS and Android), select the asset you want to invest in, determine the amount, and place buy or sell orders. When the price hits your target, close the order to realize profits.

Important Notes When Making Money Online

Making money online seems easy, but it also creates opportunities for scams. Here are some things you need to watch out for to protect yourself:

Verify Apps Before Use Before downloading any money-making app, check reviews from other users. Find out if the company is licensed by official authorities. For example, reputable financial investment apps must be licensed by agencies like ASIC (Australia) or the Vietnam Securities Commission (Vietnam).

Avoid Unverified Sources Many fake or unlicensed apps still operate on the market. Illegal financial companies often appear briefly, then steal investors’ deposits and disappear. Choose platforms with large market share and wide recognition.

Protect Against Viruses and Data Theft Some task apps may contain viruses or malware aimed at stealing personal information stored on your phone. To stay safe, download apps only from official app stores like Google Play or App Store, and check the permissions requested by the app.

Understand Financial Risks When investing, especially with high leverage, you can lose money if the market moves against your expectations. Never invest all your money into a single asset or use all your initial capital. Learn and practice on demo accounts before trading with real money.

Conclusion

Making money online on your phone is no longer a dream but a feasible reality. You have three main options: completing small tasks, investing financially, or running an e-commerce business. Each method has its own advantages and disadvantages.

If you want quick and effective earnings, financial investment is the best path. You can start with safe bank savings (4-7% profit), move to Vietnamese stocks (>10% profit), or challenge yourself with international assets. The most important thing is to equip yourself with knowledge, choose reputable platforms, and always prioritize safety.

So instead of aimlessly scrolling Facebook and TikTok, try using your phone to learn how to make money on your phone smartly and safely. Your life will change thanks to the right decisions today.