Scholarly and academic awards of Vasdev's career include:
* Fellow of Society of Nuclear Medicine and Molecular Imaging in 2021, for his distinguished service to the Society, and exceptional achievement in the field of nuclear medicine and molecular imaging.
* Fellow of American Chemical Society in 2020, for his outstanding achievements and contributions to science, the profession and the Society.
* Fellow of Royal Society of Chemistry in 2020, for his impact to the field of chemical sciences
* Research award of John R. Evans Leaders Fund 2019–2024 (specialty: Radiochemistry) from Canada Foundation for Innovation. This funding supports his proposal: "Automated apparatus for PET radiopharmaceuticals to image the living human brain"
* Research award of Endowed Azrieli Chair in Brain and Behaviour 2018–2023 (Specialty: Neuroimaging) from University of Toronto.
* Research Award of Tier 1 Canada Research Chair in Radiochemistry and Nuclear Medicine 2017–2024 (specialty: Radiochemistry and Nuclear Medicine) from Canadian Institutes for Health Research (CIHR).
* Leaders Opportunity Fund (Research Infrastructure) 2009–2014 (specialty: Radiochemistry) from Canadian Foundation for Innovation.