It's a good University. They have all the facilities which a good and well reputed university should have at the regional campuses as well as at the main campus at Lahore. The course materials, quizzes, assignments, mid-terms, finals each and every assessment is according to the rules and regulations of HEC. It is a proper recognized university by the Higher Education Commission of Pakistan and Chartered by the Goverment of Pakistan (reference can be viewed at VU website). The learning management system supports the student a lot, each and every student is given importance and value, not as compared to other universities where student is taken for granted. As far as learning is concerned i can bet that you learn more in this university then others. I won't comment on the job thing, because I have seen people having done graduate and postgraduate degrees from top ranked universities but still jobless. As far as job is concerned I believe it's all about candidate's own abilities and degree is to fulfill the eligibility criteria of the job "Ager bandey ko khud kaam ayega toh job mein perform karega na, degree awarding university toh aa ker nahi job ker k degi na?"
Here is a glimpse of one of the campuses of vu for those who are saying its a youtube university, google for more.
