Q&T Secures Further Contract for Vietnamese Currency

Q&T Hi-Tech Polymer (Q&T), the latest arrival to the polymer substrate market, has announced that it has made remarkable progress since its establishment three years ago by securing its third contract for supply of Polysecure for the Vietnamese currency.

Despite being a Vietnamese company, Q&T still had to undergo rigorous testing and evaluation by the State Bank of Vietnam (SBV) and the National Banknote Printing Plant (NBPP) to qualify as a supplier for the recent tenders. Successfully meeting the requirements for the 10,000 and 50,000 dong denominations, including the challenging diffractive optic element, showcased the capabilities and expertise of the Q&T team, the company said.

Through its partnerships with both the SBV and NBPP, Q&T now contributes to the Vietnamese currency on the 10,000, 20,000, and 50,000 dong notes. The latest contract is for one year, with the SBV committed to tenders going forward to ensure the best quality and price.