Make money through your phone: A guide to 5 popular platforms for income generation for Vietnamese users

The digital age has transformed smartphones into versatile profit-generating tools. Instead of letting free time go to waste, you can fully optimize it to generate additional income streams. From simple tasks like completing surveys to global financial investments, online earning options are becoming increasingly diverse and accessible.

Methods to earn revenue through mobile applications

Before exploring each platform in detail, let’s discover the three main ways to generate income via your phone:

Simple task-based models

This is the most popular starting point for beginners. You will perform small tasks such as answering survey questions, inviting friends to download apps, watching ads, or engaging with content. Each completed task rewards you with from 5,000 VND to 100,000 VND depending on the task difficulty. The advantage is no initial capital and no special skills required. However, the time spent is quite high relative to the earnings.

Financial trading and investment platforms

This method allows you to participate in financial markets without visiting a trading desk. You can deposit savings, buy and sell local stocks, or invest in international assets like digital currencies, commodities, or global indices. Returns depend on the asset type—from 4-7% per year with bank savings to over 10% when investing in stocks or international finance. It requires initial capital and market knowledge but offers significantly higher earning potential.

Online selling and business

E-commerce platforms open opportunities to create your own store with low startup costs. You need to prepare products, list them on the platform, and wait for customers to purchase. Revenue depends entirely on your business skills and market demand. The platform will deduct 15-20% commission from each successful order.

5 popular money-making apps in Vietnam

1. Mitrade - Invest in 400+ global financial assets

If you’re looking to optimize assets through international investments, Mitrade offers access to over 100 types of assets including global stocks (Apple, Tesla, Amazon), major indices (S&P 500, FTSE 100), Bitcoin, and Ethereum, as well as commodities like crude oil and gold.

The app is licensed by ASIC (Australian Securities and Investments Commission), ensuring reliability. The highlight is that you only need an initial capital of $50 and can use a demo account with $50,000 virtual funds to learn trading strategies completely free before investing real money.

The operation mechanism is simple: select the asset you want to buy, purchase CFDs with leverage (just 1/10 of the actual value), and when the price rises, close the position for profit. For example, if Bitcoin’s price increases by 1%, the profit from Bitcoin CFD will increase by 10%.

New users can receive an immediate bonus of $10 to $100.

2. VPS SmartOne - Efficient stock trading in Vietnam

For those focusing on the domestic stock market, VPS SmartOne developed by VPS securities brokerage is a prominent choice. The app is licensed by the Vietnam Securities Commission, easy to use, and offers fast order matching.

You can buy and sell popular stocks like Vinamilk (VNM), Masan (MSN), Vingroup (VIC). However, the leverage is only half of Mitrade’s, meaning a 1% increase in stock price yields a 2% profit instead of 10% like international platforms.

3. FinHay - Asset accumulation for beginners

FinHay is an ideal solution if you want to generate revenue but lack in-depth market knowledge. The app’s model involves depositing money and letting a professionally managed fund handle transactions. When the fund makes a profit, you share in the returns.

Expected returns range from 5-15% per year, higher than bank savings but lower than direct investment. This is a safe path for those wanting to earn income without taking excessive risks.

4. Shopee - Fast online selling business

Shopee is currently the largest e-commerce platform in Vietnam. Opening a store is very simple and quick, with fewer procedures compared to other platforms like Tiki or Lazada.

The advantage of Shopee is frequent attractive sales policies, helping attract a large customer base. You just need to prepare products, post ads, connect with buyers, and handle shipping. Shopee will deduct 15-20% commission from each successful transaction.

5. Grab - Cashback when using services

Grab is not only a ride-hailing app but also offers challenges and cashback promotions. When you use Grab services, promotional tasks can help you earn back part of your money. For example, completing 5 rides can earn you 20,000 VND to 50,000 VND in Grab e-wallet.

Comparison table of three revenue-generating methods

Important warnings when earning revenue via apps

Along with opportunities, risks of scams and data security breaches also emerge. Many fake apps or unlicensed financial companies still operate to steal deposits from inexperienced investors.

Protection measures:

Before installing any app, verify whether the company is licensed by official regulatory agencies. For international financial apps, confirm ASIC or equivalent licenses. For Vietnamese securities platforms, only choose companies listed in the licensee list from the Vietnam Securities Commission.

Read reviews from real users on Google Play or App Store. Reputable apps usually have ratings of 4.0 or higher with a significant number of reviews.

Be cautious with task apps as they may contain viruses or steal personal information stored on your phone.

Conclusion

In an era where smartphones are indispensable, optimizing your time to generate additional income is a smart decision. You can choose from simple tasks that require no skills, more complex financial investments, or online selling based on your capacity.

Among these methods, financial investment through money-making apps is the fastest and most effective way to generate significant income, especially if you’re willing to learn and manage risks properly.

However, always remember that while online revenue generation is easy, many scams also exist. Equipping yourself with full knowledge and thoroughly researching earning apps before use is key to protecting your assets and personal information.