Phodong  belonging to the Karma Kagyu sect of Tibetan Buddhism  was  built in the early 18th century. The Monastery is one amongst the six most important Buddhist monasteries in Sikkim and also three important monasteries of the Kagyu sect in Sikkim. The monastery is ordained with beautiful paintings and has a rich collection of ancient murials. It lies at an altitude of 4500 ft overlooking the valleys deep down below and offers picturesque view of the mountains.

Phodong Monastery hosts an annual festival, which is observed on the 28th and 29th day of the 10th month of the Tibetan calendar. At this juncture, the Chaam Dance is performed by the monks along with religious rituals at the monastery. At present it houses around 260 monks who live in the surrounding area and perform rituals and payers as part of their daily routine.

The history of the monastery states that it was first constructed by Chogyal Gyurmed Namgyal in the first half of the eighteenth century. At present the monastery is rated as one of the most beautiful monastery of the state.