[1] The Vangaon Educational Society operates various educational institutions in Vangaon: Students across the district enroll in this institute to gain technical and practical knowledge.

Vangaon has a weekly Sunday market offering groceries, apparel, and food items.

Vangaon is well known for chikoo, made from sapodilla fruit, capsicum, tomatoes , and coconuts.

Tarapur Maharashtra Industrial Development Corporation (MIDC), Tarapur Atomic Power Station, and a Reliance Energy thermal power station are located near the village.

Tarapur MIDC hosts specialty chemicals, bulk pharmaceuticals, steel, alloy, and textile manufacturing companies.