Q&T Hi-Tech Polymer: Driving Innovation with Speed, Not Imitation

Last year, Currency News™️ reported on the introduction of a new polymer substrate for banknotes—POLYSECURE®️—from Q&T Hi-Tech Polymer Co. Ltd, a Vietnamese manufacturer. In just a few years, Q&T has developed an innovative process for producing this substrate, constructed a new factory, secured contracts for three of Vietnam’s six denominations, and is now aiming for a broader global market.

We interviewed Luong Ngoc Anh, the founder, Chairman, and CEO of Q&T, at the High-Security Printing Conference™️ Asia in Bangkok, Thailand, to gain insights into the company's journey and aspirations.

Q: Please tell us about your background and that of Q&T.

A: I graduated as a chemist from Hanoi and am a first-generation entrepreneur with experience in IT, automation systems, infrastructure, and security. My research in Melbourne, Australia, helped me tackle the technical challenges involved in creating a polymer banknote substrate.

On the commercial side, I gained valuable insights into the banknote industry and the needs of the State Bank of Vietnam (SBV) while representing leading banknote suppliers over many years.