In this paper, we introduce the neutrosophic vague soft set, a combination of vague and neutrosophic soft sets. With the help of aggregated operations, we discuss neutrosophic vague soft sets. Multi-criteria group decision making can be evaluated effectively using the VIKOR approach. In this approach, the score function is generated by aggregating the VIKOR method to a neutrosophic vague soft approach. With the help of closeness values, alternative solutions are presented as optimal ones. To invest some money into the top five companies on the stock exchange, an investment company intends to purchase shares of the companies. Their investment strategy was to allocate some of their cash in percentages of 30 dollars, 25 dollars, 20 dollars, 15 dollars, and 10 dollars according to the top five ranked companies to minimize this effect.