According to the magazine, the 1,000-year-old Vietnamese capital is in the process of embracing change, it is maintaining a strong sense of identity.
"Hanoi's incredible street-food culture is another source of fierce civic pride," Time notes.
The magazine goes on to suggest that visitors sample local delicacies such as Pho (noodles), the capital’s signature dish, at Bat Dan Restaurant in Hoan Kiem district, a location which has been serving the dish for more than 70 years.
Meanwhile, Time states that Ho Chi Minh City "tastes of Vietnam" and is notable for being a place where collection of famous restaurants converge.
It says Anan Restaurant, led by Vietnamese-American chef Peter Cuong Franklin, became the first venue in the country’s southern hub to earn a place among Asia’s 50 Best Restaurants.
"Notable recent additions to the local dining scene include Monkey Gallery, where chef Viet Hong merges Vietnamese, French and Japanese techniques and flavors, and Esta, a modern Asian eatery with an ever changing, expansive menu that runs the gamut from smoked-eel pate to veal sweetbreads," notes Times.
Moreover, the US magazine also considers Phu Quoc island city to be an "idyllic paradise".
Widely known as the "jewel of Vietnam", the island has become one of the fastest-growing destinations throughout all of Southeast Asia in recent years as it attracted five million visitors in 2019, a 30% increase from the previous year.
Moving forward, the island is planning to welcome the return of vaccinated foreign tourists from this October.
The island boasts luxury beach resorts and modern entertainment complexes owned by conglomerate Vingroup.
Other Asian destinations to make the list include Bangkok, Beijing, Malaysia's Desaru Coast, Dubai, the Republic of Korea's Gyeongju, Thailand's Khao Yai National Park, and Cambodia's Siem Reap.