V-Ray Scene (.vrscene) is a file format that allows for assets, such as geometry, materials, and lights, to be shared together between all platforms that run V-Ray. It also supports animation.
A Proxy Scene object is the result of importing a .vrscene file into your scene from the V-Ray "Import Proxy or VRScene" option. Once imported, its parameters are available in the Asset Editor's Geometry tab.
V-Ray Scene materials and geometry are non-editable and lights can only be toggled on and off.
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||V-Ray Asset Editor|| > Render with V-Ray (dropdown menu) > Export V-Ray Scene File
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||V-Ray Asset Editor|| > Geometries (right-click) > Proxy Scene