In recent decades, remote sensing of vegetative drought and phenology has gained considerable attention from researchers, leading to a significant increase in research activity in this area. While new drought indices are being proposed, there is also growing attention on how variations in phenology affect drought detection. This review begins by exploring the crucial role of satellite optical and thermal remote sensing technologies in monitoring vegetative drought. It presents common methods after revisiting the foundational concepts. Then, the review examines remote sensing of land surface phenology (LSP) due to its strong connection with vegetative drought. Subsequently, we investigate vegetative drought detection techniques that consider phenological variability and recommend approaches to improve the detection of vegetative drought, emphasizing the necessity to incorporate phenological metrics. Finally, we suggest potential future work and directions. Unlike other review papers on remote sensing of vegetative drought, this review uniquely surveys the comprehensive advancements in both detecting vegetative drought and estimating LSP through optical and thermal remote sensing. It also highlights the necessity and potential applications for these practices.