A vector modified Yajima–Oikawa long-wave–short-wave equation is proposed using the zero-curvature presentation. On the basis of the Riccati equations associated with the Lax pair, a method is developed to construct multi-fold classical and generalized Darboux transformations for the vector modified Yajima–Oikawa long-wave–short-wave equation. As applications of the multi-fold classical Darboux transformations and generalized Darboux transformations, various exact solutions for the vector modified long-wave–short-wave equation are obtained, including soliton, breather, and rogue wave solutions.