It is situated on the east coast of the island on the Vágsfjørður fjord, and was founded in the fourteenth century.

Vágur has a sports hall next to the football grounds on Eiðinum, near Vágseiði, a swimming pool by the school and a clinic which offers the services of doctors, nurses and dentists.

There is a memorial near the main road through Vágur commemorating the efforts of Nólsoyar Páll, the nineteenth-century poet and captain of Royndin Fríða (Beautiful Trial).

He believed that the monopoly trading scheme was seriously restricting the economic potential of the Faroe Islands and set about organising opposition and resistance to it.

- "Here on Fløtan Fríða Nólsoyar Páll, Jákup bóndi í Toftum (a farmer from Toftir in Vágur), Per bóndi í Gjørðum (a farmer from Gjørðum in Porkeri) and others built the first Faroese ship, Royndin Fríða."

The Ruth Smith Art Gallery is situated in the western part of the village of Vágur in a yellow building on the mainstreet Vágsvegur 101.

A road leads all the way up there because a Loran C radio navigation station was built there during World War II.

[11] In 2005 VB merged with Sumba ÍF to VB/Sumba and in 2010 they founded a new football club, which is called FC Suðuroy.