Apps That Can Make Money on Your Phone: A Detailed Guide for Vietnamese Users

In the digital age, smartphones are not only entertainment tools but can also become additional sources of income. In Vietnam, money-making apps are increasingly popular with millions of participants. This article will help you explore the most effective and safe methods for earning money online.

The Three Main Types of Money-Making Apps

The mobile application world offers many ways to profit. They can be divided into three main groups:

1. Task-Based Apps

These are apps with minimal requirements for capital and knowledge. Users only need to complete simple tasks such as:

• Answering surveys
• Participating in advertising campaigns
• Inviting friends to install the app
• Watching videos and answering related questions

Each completion earns from 5,000 VND to 100,000 VND depending on difficulty. Although easy to perform, the earnings are not high and require quite a bit of time.

2. Financial Investment Apps

Banking apps, stock trading platforms, and global financial asset trading platforms fall into this group. This is considered the fastest profit-making method:

• Bank savings: 4-7%/year, low risk
• Vietnam stock investment: 5-10%/year, medium risk
• International asset trading: 10%+/year, higher risk

Although the yields are higher, solid financial knowledge is required.

3. E-Commerce Platforms

Opening an online store to sell goods is a familiar way to make money. The income depends on:

• Product quality
• Pricing strategy
• Market demand

However, you must allocate 15-20% commission to the trading platform from each order.

Detailed Comparative Analysis

Top Popular Money-Making Apps in Vietnam

Mitrade - International Asset Trading Platform

Mitrade is an international brokerage licensed by the Australian regulator (ASIC). This app provides access to over 100 asset types:

• Global stocks (Apple, Tesla, Amazon)
• Market indices (S&P 500, FTSE 100)
• Cryptocurrencies (Bitcoin, Ethereum)
• Commodities (crude oil, gold)

How it works: You only need to invest 1/10 of the actual value to profit from price fluctuations. When Bitcoin increases by 1%, your profit increases by 10%.

Advantages: Free demo account with 50,000 USD virtual funds for practice before real trading.

VPS SmartOne - Local Stock Trading

This is an app from the stock brokerage company VPS, licensed by the Vietnam Securities Commission. The platform features:

• User-friendly interface
• Fastest order matching in the industry
• Only includes Vietnamese market stocks (Vinamilk, Masan, Vingroup)
• Leverage of ½ compared to ¼ of international platforms

When stock prices increase by 1%, you earn 2% profit.

FinHay - Safe Investment Management

Designed for those without deep market knowledge, FinHay allows you to entrust money to professional investment funds:

• Yield of 5-15%/year
• No trading experience needed
• Lower risk compared to active trading

However, the returns are lower than active trading on platforms like Mitrade or VPS.

Shopee - Easy Online Selling

Shopee is Vietnam’s leading e-commerce platform with advantages such as:

• Simple and quick store registration process
• Frequent promotional policies attracting customers
• Larger customer base than other platforms
• Good marketing tools

You just need to list products, close sales, and deliver to receive money.

Grab - Cashback from Rides

Grab is not only a ride-hailing app but also offers cashback promotions:

• Complete 5 rides to receive 20,000-50,000 VND
• Periodic challenges with attractive rewards
• Bonuses are added to the e-wallet within the app

Important Warnings When Using Money-Making Apps

The growth of money-making apps also brings potential dangers:

Fraud and scams:

• Fake investment apps from unlicensed companies
• Short-term financial companies operating secretly to steal investors’ money

Personal data loss:

• Some task apps contain viruses
• Theft of information from your phone

How to protect yourself:

• Check the licensing of the company from official authorities
• Read user reviews on Google Play or App Store
• Only download apps from official channels
• Prioritize companies regulated by ASIC (Australia) or similar agencies
• For Vietnamese stocks, only choose top 5 market share companies like VPS

Conclusion

Instead of wasting time on social media, leverage money-making apps to generate additional income. Each method has its pros and cons:

• Tasks: Easy to start but low profit
• Financial investment: High efficiency but requires knowledge
• Online selling: Unlimited profit potential but needs actual products

Choose the method that suits your conditions and goals. Most importantly, always research thoroughly, verify app sources, and protect your personal information before starting to earn money online.