In November 2020, FAST officially launched a scholarship sponsored by Fossil businesses and PFIEV alumni. This is an award for individuals with outstanding academic and scientific or community achievements, always overcoming difficult circumstances to achieve the best.

The "Fossil" scholarship is for FAST students with outstanding academic achievements, scientific research and community activities. Scholarship Value: 3,000,000 VND with the quantity of 3 portions 

The PFIEV Alumni Scholarship is open to PFIEV students with a GPA of 7.0 or higher, who are in difficult circumstances or are affected by the Covid pandemic or natural disasters. 3 scholarship portions have been awarded with scholarship value: 3,000,000 VND/1 portion 

In 2020, FAST Scholarship has honored outstanding individuals on many fronts: study, research and social community activities.

Students Tran Thi Nguyet Ha (19ECE), Truong Phu Khanh Huy (18ES), Pham Tat Thanh (16PFIEV1), Le Van Thanh (16PFIEV2), Nguyen Viet Danh (17PFIEV3), Nguyen Dinh Man (18PFIEV3) received awards for Students with excellent academic achievements in each discipline.

Vu Nhat Huy (19ECE), Phan Minh Anh (18ECE), Kieu Thi Phuong (18PFIEV) received scholarships from FOSSIL for FAST students with achievements in outstanding academic, scientific research and community activities