The VMC file is XML file contains all the config info. I noticed this by trying to figure out why the share folder is not working then found out you have to setup the folder share when the vm is running. :-)
What a mistake I had.
BTW, my colleague just showed me how to use VPN to get around the split tunneling control in one physical machine. He uses a vm to connect vpn which has split tunneling control so he can still use the host machine to do things as he wants. He can also transfer files between his host to the machines in the tunnel using this folder sharing provided by VPC. Smart. Remind me I have done this similar thing before for another vpn client software.

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