This pagoda is one of the holiest sites in Shan State. The shrine itself is huge and features five ancient golden Buddhas. Next to it is the large golden barge, a replica of the one said to have been used by King Alaung Sithu to travel around the country, which makes an annual tour during the Phaung Daw Oo Pagoda Festival to over 20 villages towed by over 50-long boats, each with around 40 leg-rowers, dancers and music performers.

Phaung Daw Oo or Hpaung Daw Oo, is a notable Buddhist pagoda in Myanmar, located in the village of Ywama on Inle Lake in Shan State.