Vector is a container that improves on C++ arrays by allowing elements to be added and removed dynamically without specifying a size. Vectors can hold different data types like integers, strings, and custom objects. Elements can be accessed and modified using operator[], and iterated over using begin() and end() iterators. Common operations include push_back() to add elements, pop_back() to remove the last element, and insert() and erase() to modify the elements within the vector. Vectors can be compared using ==, !=, and < to check for equality and sort order.