Východná is home to one of the major folklore festivals in the country.
The festival has been organised since 1953 in the large open-air theatre overlooking the village early in the summer, usually during the first weekend of July. In 2006–2007, the premises of the open-air theatre were largely reconstructed.
The festival is held as part of the programmes of the International Council of Organizations for Folklore Festivals and Folk Art (C.I.O.F.F.). Every year it welcomes an average of 1,500 performers, and the number of visitors reaches 70,000 people. The magnificent scenic programme in the open-air theatre during the three festival days is completed by minor programmes, exhibitions and accompanying events engaging the visitors right into the centre of happening.