Located on Hang Dau Street just a few minutes from Hoan Kiem (Sword) Lake, the hotel opened its doors to tourists in 2019 and has 48 rooms.
Thanks to its proximity to tourist attractions like the Temple of Literature and Hoa Lo Prison, the hotel is much favored by foreign tourists.
It has a rooftop bar that offers 360-degree panoramic views of Ngoc Son Temple and Turtle Tower in Hoan Kiem Lake.
A night's stay costs starts at VND1.9 million ($81).
To compile the list, Tripadvisor analyzed 12 months of review data between January 1 and December 31, 2022 from real travelers covering more than 1.5 million hotels.
Rambagh Palace of India topped the list, followed by Ozen Reserve Bolifushi in the Maldives and Hotel Colline de France in Brazil.
Asia has seven representatives on the list.
"Asia tops the charts for travelers this year, proving that the market has bounced back as a tourism destination," Tripadvisor said.