Hi, sorry for the late reply.
This actually helped me out, and via a reference in another thread elsewhere, I found the solution (that worked for me: Joomla 2.5.8 [stable] and VM 2.0.14).
Am posting this for any others who come across this thread.
After filling out all the info in Additional Informations (VM Cpanel > Shop > Additional Informations tab) you then go to the Vendor tab (VM Cpanel > Shop > Vendor) and make sure you fill out both:
- Shop Name:
Shop Company Name:
and make sure you set the currency at this point
Some references in relation to this that might help: http://forum.virtuemart.net/index.php?topic=91571.0
hope it helps