Phạm Ngũ Lão street is located in District 1 of Ho Chi Minh City, formerly Saigon, Vietnam.

The street together with Bùi Viện, Đề Thám and Đỗ Quang Đẩu streets create a quarter known as the "Backpacker District" of Saigon which is "phố Tây Ba lô" in Vietnamese, as there are so many bars and cafes in this district are conveniently located around Saigon's city centre that attracted affordable foreign tourists who enjoy traveling the city by walking the whole day with backpacks on their back.

[7] The area of Pham Ngũ Lão, Đề Thám and Bùi Viện streets is also known as the "International Crossroads" (Ngã tư Quốc Tế).

Currently, along Phạm Ngũ Lão Street, there are many large standard hotels, restaurants, cafes and travel agencies.

[11][12] There are also some notable mordern landmark buildings around here, included the New World Saigon Hotel and the grade-A 26-story A&B Office Tower, both on Lê Lai street opposite the crossroads off Phạm Ngũ Lão – Nguyễn Thị Nghĩa street.