Q&T Hi-Tech Polymer – An Insurgent’s Tale

Challenging long established companies in a deeply conservative market is a daunting prospect, and yet that is what Q&T Hi-Tech Polymer (Q&T) has done.

Founded in 2016 under the leadership of Chairman Luong Ngoc Anh, Q&T moved fast to challenge both CCL Secure and De La Rue in the supply of polymer banknote substrate. It has managed to establish a strong position based on four interconnected foundations.

1.Capacity and capability

Vietnam’s National Banknote Printing Plant, NBPP, has built a brand new factory in a new industrial zone about an hour outside of Hanoi. It comes online in 2026 with two banknote production lines. Q&T has built its own new factory on the same industrial estate with one line of production equipment currently and a second line coming online in April 2026, including additional finishing equipment.

Q&T has built up relationships with local suppliers for the base polymer film and all of the inks and materials needed to produce its polymer substrate, giving it security of supply.