According to Wikipedia the first VAX model sold was the VAX-11/780, which was introduced on October 25, 1977 at the Digital Equipment Corporation's Annual Meeting of Shareholders. Bill Strecker, C. Gordon Bell's doctoral student at Carnegie-Mellon University, was responsible for the architecture. Many different models with different prices, performance levels, and capacities were subsequently created. VAX superminis were very popular in the early 1980s.
For a while the VAX-11/780 was used as a baseline in CPU benchmarks because its speed was about one MIPS. Ironically enough, though, the actual number of instructions executed in 1 second was about 500,000. One VAX MIPS was the speed of a VAX-11/780; a computer performing at 27 VAX MIPS would run the same program roughly 27 times as fast as the VAX-11/780.