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VCC
Advantages:
Relatively inexpensive.
Driving force can be mechanical/electrical
Smaller size for given capacity of refrigeration
Less running cost
Large range of temperatures
The coefficient of performance is quite high.
Disadvantages
High initial cost
Prevention of leakage.
VAC
Advantages:
Very less wear in the system
Load variations do not affect performance
Versatile source of energy
Power consumed by pump
Maintenance cost is low
Working capacity is high
Disadvantages
Large set-up
High initial cost
Low working pressure (Less COP)
Heat Rejection System is large