
El Salvadoran Ambassador in Vietnam welcomes Q&T Company’s investment in Latin America
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Working meeting among representatives of Q&T Company, the National Banknote Printing Factory and El Salvadoran Embassy in Vietnam. (Photo: Xuan Son) |
During the meeting, Mr. Luong Ngoc Anh introduced the formation and advanced security printing technologies of the factory. He emphasized that the Ambassador’s visit marked an important milestone, reflecting increasing interest in advanced, secure and sustainable currency production solutions.
Q&T takes pride in its modern technology and unwavering commitment to quality, aiming to produce high-durability, environmentally friendly polymer substrates with superior security features. Q&T Chairman expressed hope that the visit would allow guests to directly experience polymer substrate production process, gain deeper insights into company’s operations and engage in discussions on future collaboration in secure and modern monetary solutions.
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Chairman of Q&T Company Luong Ngoc Anh speaks at the meeting. (Photo: Xuan Son) |
Ambassador Ruben Omar Orozco Burgos shared that El Salvador, a relatively small country with a population of about 6.5 million, has a large diaspora. Its economy is primarily service-based, accounting for about 70% of GDP, while industry contributes roughly 22% and agriculture around 8%. El Salvador shares a similarity with Vietnam in being a traditional coffee producer with over 180 years of history. At one point, it was the world’s fourth-largest coffee exporter.
“We aspire to transform El Salvador into a major destination for international investors. I sincerely hope we can create opportunities for Q&T to become an investor in El Salvador. The Embassy is ready to serve as a bridge to support your company in reaching our country,” said Ambassador Ruben Omar Orozco Burgos.
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El Salvadoran Ambassador in Vietnam Ruben Omar Orozco Burgos wishes to facilitate cooperative opportunities for Q&T Company to become investor in his country. (Photo: Xuân Sơn) |
During the visit, Chairman Luong Ngoc Anh introduced the Ambassador to Q&T’s modern technologies and production lines. Ambassador Ruben Omar Orozco Burgos expressed great interest and surprise at the multilayer base paper production line for polymer banknotes – a critical process in the company’s polymer currency manufacturing technology.
Q&T’s security substrate production technology is currently the most advanced, developed and invested in by the company itself. It has received an exclusive patent from the Ministry of Science and Technology and is recognized and protected under Vietnamese law. This technology has not been commercialized globally and is being applied in Vietnam for the first time.
Q&T’s polymer material plant, with an investment exceeding 50 million USD, is equipped with state-of-the-art machinery and equipment designed by leading manufacturers from Germany, Italy and the United States.
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El Salvadoran Ambassador in Vietnam Ruben Omar Orozco Burgos took a visit tour around company's production line. (Ảnh: Xuân Sơn) |
The factory has a production capacity of 1,300 tons/year in Phase 1 and 2,600 tons/year in Phase 2, meeting domestic demand and aiming for export. Thanks to its competitive advantages and outstanding features, Q&T’s products have been recognized not only by local experts but also highly regarded by Crane Currency – a leading U.S.-based banknote paper supplier.
In an interview with The World and Vietnam Report, Chairman Luong Ngoc Anh highlighted that the global demand for transitioning to polymer banknotes is growing, creating a large potential market. Q&T has already established a strong position in the industry with competitive pricing and quality, confident in building a foothold internationally.
The company has been actively researching the African market and, more recently, countries in the Americas. It sees great potential in these regions and plans to visit El Salvador to meet with relevant stakeholders to share, exchange and propose cooperation plans.
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