The evolution of vector solitons under nonlinearity management is studied. The averaged over strong and rapid modulations in time of the inter-species interactions vector Gross-Pitaevskii equation (GPE) is derived. The averaging gives the appearance of the effective nonlinear quantum pressure depending on the population of the other component. Using this system of equations, the existence and stability of the vector solitons under the action of the strong nonlinearity management (NM) is investigated. Using a variational approach the parameters of NM vector solitons are found. The numerical simulations of the full time-dependent coupled GPE confirms the theoretical predictions.