Want to increase your income? Discover the 5 hottest money-making apps on mobile phones in Vietnam

Since the rapid development of digital technology, you can now generate additional income right on your smartphone. Just an internet connection and some money-making apps on your phone will help you turn free time into economic efficiency. From those who want to earn extra temporary income to professional investors, everyone has suitable options to optimize their finances.

The three main methods to make money via phone

Currently, money-making apps on phones can be divided into three main groups based on their operation methods and complexity:

Type 1: Task-based apps - For those who want to start immediately

This is the simplest form, requiring no initial capital. You just need to complete tasks such as answering surveys, watching ads, or inviting friends to download the app, then receive rewards from 5,000 VND to 100,000 VND per task. However, this method takes quite a lot of time, and the earnings are quite limited.

Type 2: Financial investment apps - The fastest way to earn money

If you have available capital, these apps will be the most effective profit channels. You can deposit savings at banks (interest rates 4-7% per year), invest in Vietnamese stocks, or even trade international assets to earn returns of 10% or more. Of course, higher profitability comes with greater risks and requires deeper financial knowledge.

Type 3: E-commerce apps - Online selling business

If you have goods to sell, these platforms are where you connect with customers. You just need to create a store, list products, and wait for orders. However, you will have to pay a commission fee of 15-20% per sale.

Detailed comparison of the three money-making app types

Top 5 popular money-making apps on phones today

1. Mitrade - Global investment in over 100 assets

Mitrade is an international investment platform licensed by the Australian Securities and Investments Commission (ASIC), allowing you to trade stocks (Apple, Tesla), indices (S&P 500), cryptocurrencies (Bitcoin, Ethereum), and commodities (oil, gold) from a single app.

How it works:

• Step 1: Download the (iOS/Android) app and register an account
• Step 2: Choose an asset, e.g., Bitcoin, and decide the amount
• Step 3: Use leverage (leverage 1:10) to amplify profits - when Bitcoin rises 1%, your profit increases 10%
• Step 4: Close the position to take profit when the target price is reached

Mitrade offers a free demo account with 50,000 USD virtual funds for practice. New users will receive a bonus of 10-100 USD upon registration.

2. VPS SmartOne - Vietnamese stock trading

This is an app from the securities brokerage company VPS, licensed by the Vietnam Securities Commission. VPS SmartOne is known for its user-friendly interface and fast order matching. You can invest in domestic stocks like Vinamilk (VNM), Masan (MSN), Vingroup (VIC).

The investment model is similar to Mitrade but with lower leverage (at 1:2). If a stock increases by 1%, your profit increases by 2% - less than Mitrade but safer because it only trades on the familiar Vietnamese market.

3. FinHay - Savings investment for beginners

No stock market knowledge? FinHay is the perfect solution. You just need to deposit money and let experts manage it. Interest rates range from 5-15% per year - higher than bank savings but lower than self-managed investments. This is a safe choice for those who do not want to actively trade.

4. Shopee - Online selling business

Shopee is Vietnam’s largest e-commerce platform with a simple and quick store setup process. The platform often offers promotional policies to boost sales, helping you reach more customers. You just need to upload products, connect with buyers, ship the goods, and receive payments.

5. Grab - Cashback when using services

Besides ride-hailing, Grab also offers cashback challenges. For example, completing 5 rides will earn you 20,000-50,000 VND into your e-wallet. This is a passive way to earn money once you have used the service.

Important warnings when using money-making apps

The mobile app market is very attractive but also contains many risks. Be cautious with:

• Fake investment apps: Many unlicensed platforms operate to steal money from inexperienced investors. Always check if the company is licensed by the regulatory authority (for example: ASIC for Mitrade, Vietnam Securities Commission for VPS).

• Virus-infected apps: Some task-based apps may contain malware aimed at stealing personal information. Only download apps from official stores (Google Play, App Store).

• Reviews and comments: Before installing, check the rating (at least 4 stars) and read comments from real users.

• Choose leading companies: If investing in Vietnamese stocks, prioritize companies in the top 5 market share, such as VPS.

Conclusion

Everyone has a smartphone. Instead of scrolling Facebook or TikTok all day, spend time on money-making apps on your phone to generate additional income.

You have three main options: task-based (simple but earning little), financial investment (quick earning but requiring knowledge), or online selling (market demand dependent). Among these, financial investment is the fastest and most effective way to earn money if you have sufficient knowledge.

However, always be cautious - earning money online easily often involves scams. Equip yourself with knowledge, thoroughly research reputable apps before installing. Only then can you confidently use money-making apps on your phone to optimize your finances.