Comprehensive Guide: The Most Effective Ways for Vietnamese People to Make Money Using a Phone

Modern life has completely changed after global upheavals. Rapid development of digital technology creates countless new livelihood opportunities. With a smartphone in hand, you can not only browse social media but also generate additional income. Making money with your phone has become a reality and a true industry in this digital transformation era.

This article will help you understand various methods to generate online income, from the simplest ways to more complex forms, along with important notes to avoid risks.

Three main methods to make money on your phone

Thanks to technological advancements, ways to earn money via phone have diversified into three main types:

Method 1: Complete small tasks

This is the simplest method and requires no initial capital. This model involves performing small jobs such as:

• Answering survey questions
• Inviting friends to download apps and register
• Watching ads or videos
• Participating in promotional events

Each completed task pays from 5,000 VND to 100,000 VND depending on complexity. This method is easy to access but offers low income and takes a lot of time.

Method 2: Financial asset trading

This type includes platforms provided by banks and securities companies for clients. You can:

• Open savings accounts and earn interest rates from 4% - 7% per year
• Invest in domestic stocks with returns of over 10% (depending on the market)
• Trade international financial assets such as global stocks, commodities, cryptocurrencies

This method requires a certain initial capital and financial market knowledge. Potential higher income but also higher risks.

Method 3: E-commerce business

You can open a shop on online trading platforms to sell goods. Income depends entirely on:

• Sales volume
• Product price
• Market demand

This form requires investment in purchasing goods and paying 15% - 20% commission to the platform when selling products. However, income potential is unlimited.

Detailed comparison of the three methods

Popular platforms for making money with your phone

Financial investment: Diverse trading

Financial trading platforms allow access to hundreds of asset types from international stocks (Apple, Tesla, Amazon), major indices (S&P 500, FTSE 100), cryptocurrencies (Bitcoin, Ethereum), to raw commodities (crude oil, gold). You only need to deposit a minimum amount and start trading. This form offers the highest profit rates but requires market analysis skills and knowledge.

Vietnamese stock market: Access to domestic market

Licensed securities brokerage firms provide trading apps for investors. You can invest in stocks like Vinamilk (VNM), Masan (MSN), Vingroup (VIC). These platforms often offer leverage from ½ to 1/10, amplifying profits. But this also increases the risk of capital loss.

Investment funds: Safe solution for beginners

If you lack market knowledge, you can entrust your money to professional investment funds. You deposit money, experts invest on your behalf, and share profits. Returns are usually from 5% - 15% annually, safer than self-trading.

E-commerce platforms: Traditional online business

Online trading platforms allow you to quickly open a shop. Simple procedures: take product photos, write descriptions, set prices, and wait for customers. These platforms often have large customer bases and attractive promotional programs.

Transportation apps: Cashback via services

Some transportation apps offer cashback challenges. When you complete the required number of trips, you get a certain amount refunded to your e-wallet. For example, completing 5 trips can earn 20,000 - 50,000 VND.

Risks not to overlook when making money with your phone

Fake apps

The online earning market is huge, so there are many scammers exploiting this. Many fake apps mimic reputable investment platforms, asking users to deposit money then disappearing. Unlicensed financial companies often create apps to scam inexperienced investors.

Loss of personal information

Low-reliability task apps may contain malware aimed at stealing personal data from your phone.

Capital loss

If you invest hastily without understanding the financial market, the risk of losing all your capital is very high.

How to choose safe and reputable apps

Before installing any app, do:

1. Check operating licenses

• For financial investment platforms: Find out which regulatory authority licensed them (Vietnam Securities Commission, ASIC Australia, etc.)
• Search for license details on the official licensing agency’s website

2. Check user reviews

• Look at ratings on Google Play and App Store
• Read detailed comments from real users
• Search for independent reviews on reputable websites

3. Choose well-known platforms

• For Vietnamese stocks: Prioritize brokerage firms in the top 5 trading market share
• For e-commerce: Select platforms with long operational history and large customer base
• For task apps: Only download from official sources

4. Beware of “get rich quick” promises

• No method exists to make money without risk
• Apps promising daily 100% profits are red flags

Suitable options for different groups

Students and those with plenty of free time: Complete small tasks, low income but easy to start.

Experienced financial traders: Trade international assets or Vietnamese stocks to maximize profits.

Beginners seeking safety: Entrust funds to investment funds or deposit in banks.

Entrepreneurs or those with goods to sell: Open shops on e-commerce platforms with unlimited income potential.

Conclusion

Making money with your phone has become a trend and a reality in the digital age. Each method has its pros and cons. The key to success is:

1. Choose the method that suits your skills, knowledge, and time
2. Research thoroughly before using any app
3. Start small with the capital you can afford to lose
4. Continuously learn about the market and develop your skills

Instead of wasting time on social media, you can turn your phone into a tool for income. However, always be cautious of risks and select reputable platforms to protect your assets and personal information.