Let’s cut to the chase. There is currently no standalone PS2 emulator for the PlayStation Vita that you can install via a VPK.
If you find a website claiming to offer a "PS2 Emulator VPK for PS Vita," it is almost certainly one of three things: ps vita ps2 emulator vpk
This is where the confusion comes from. You can play many games from the PS2 era on the Vita, but not via a traditional emulator. Here’s how: Let’s cut to the chase
If you want PS2-era style indie games, this plays hundreds of classic Japanese PC RPGs. ps vita ps2 emulator vpk
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