Hanoi is now being rediscovered by foreigners as a South-east Asian ci
ty that has much character, Its French colonial quarter, one of the be
st of the French colonial urbanisme, gives to the city a landscape uni
que in Asia and great opportunities for attracting tourism and adminis
trative business, At the same time as Vietnam is opening to the world,
it is also moving towards a market economy. Privatization and private
entrepreneurs are key words associated with restoration of the French
colonial quarter, The impact of privatization in the quarter's restor
ation has been discussed, It will most probably destroy the residentia
l functions and the folk industries and make this central district an
open air museum from the outside, and international business ghetto fr
om the inside.