Colonial heritage is characterised by its dissonant and occasionally contested nature and thus preservation is inherently contentious due to its intricate complexity and diverse array of values and interests involved. French colonial buildings in Ho Chi Minh City (HCMC) exemplify this dissonant heritage, yet they remain integral to the cityscape and serve as major tourist attractions. This chapter focuses on the heritage policy in HCMC and the efforts made by the city to enhance its tourism potential. It analyses relevant scholarly literature as well as development projects approved by authorities, shedding light on the practices of preserving heritage in HCMC. Findings showcase specific heritage policy associated with a project that inventories and classifies old colonial villas, highlighting the city’s endeavours to preserve buildings and integrate them into the current urban landscape. Furthermore, the chapter emphasises the role that this heritage plays in HCMC’s tourism industry. It explores how colonial buildings are incorporated into tourist circuits while also identifying weaknesses in infrastructure. Ultimately, the chapter encourages reflection on challenges related to preserving and promoting cultural heritage within the framework of heritage policy and tourism in HCMC.