Beyonce, who received eight nominations, will be awarded the Michael Jackson Video Vanguard Award at the show, one of the industry's top ceremonies that will be aired live from California on Aug. 24.
"As a performer, Beyonce has delivered some of the most memorable performances in VMA history," MTV said in a statement.
Beyonce earned nominations for best cinematography and best collaboration with Jay Z for her hit "Drunk In Love" and will compete for Video of the Year against Australian rapper Iggy Azalea. Beyonce released her fifth album, which was self-titled, as a surprise last December and the explicit and clean album versions ranked at first and second place on the iTunes album chart on the day of its release.
Her album includes collaborations with Jay Z, Frank Ocean, and Drake as well as a contribution from her daughter Blue Ivy. Artists such as Justin Timberlake, Pharrell Williams, and Timbaland co-wrote songs.
R&B singer Usher and Australian rock group 5 Seconds of Summer will also perform at the MTV Video Music Awards.
Beyonce led the nominees with eight nods this year, while Eminem and Iggy Azalea were close behind with seven. Singer Pharrell Williams is the only male contender for the video of the year prize – he earned a nod for his song “Happy” and will be competing with Beyonce for her song “Drunk in Love,” Miley Cyrus for “Wrecking Ball,” Iggy Azalea for “Fancy,” and Sia for “Chandelier.”
The Video Music Awards began in 1984 and helped propel the cable channel, now owned by Viacom Inc, as a player in the entertainment industry.