About NAFOSTED

About company

The National Foundation for Science and Technology Development (NAFOSTED) was founded by the Decree 122/2003/NĐ-CP of the Government of Viet Nam and officially started operation in 2008. Affiliated with the Ministry of Science and Technology (MOST), the Foundation, located in Hanoi, is a legal entity, possessing its own seal, and is allowed to open accounts at the State treasury and banks inside and outside the country. NAFOSTED operates for non-profit purposes, functions as a financing and lending capital medium for scientific and technological projects proposed by organizations or individuals.