This paper investigates the historical progression and architectural landscape evolution in Ho Chi Minh City, a key economic center in Vietnam. It focuses on the interplay of traditional and modern influences shaping its unique urban architecture, notably influenced by its riverine city heritage.It applies a dialectical perspective to understand the relationship between traditional and modern elements in the architecture of Ho Chi Minh City. It ascertains this relationship, through the examination of the current state of architectural developments in the city, It proposes strategies for sustainable architectural growth. It seeks to ensure a balanced integration of traditional and contemporary elements, essential for fostering a distinctive and culturally enriched national architectural identity that aligns with global architectural progress. It identifies challenges arising from globalization and a market-driven economy, particularly how these factors may eclipse architectural functionality with market demands, potentially undermining the fundamental role of architecture in serving people's needs. It argues that the continual exposure of Ho Chi Minh City to various external architectural cultures raises concerns about preserving the delicate equilibrium between its traditional and modern architectural aspects.