Phaya Thai Road is a major road in Bangkok, Thailand. It begins at the south side of Victory Monument in Ratchathewi District and continues until Sam Yan Intersection in Pathum Wan District, where it intersects with Rama IV Road.

Victory Monument is a military monument in Bangkok, Thailand. The monument was erected in June 1941 to commemorate the Thai victory in the Franco-Thai War. The monument is in Ratchathewi District, northeast of central Bangkok, at the center of a traffic circle in the intersection of Phahonyothin, Phaya Thai and Ratchawithi roads.