I am seeing following VAST versions are available
VAST 1.0 (deprecated)
VAST 1.1 (deprecated)
VAST 2.0 - http://www.iab.com/guidelines/digital-video-ad-serving-template-vast-2-0/
VAST 2.0.1
VAST 3.0 - http://www.iab.com/guidelines/digital-video-ad-serving-template-vast-2-0/
VAST 4.0 - http://www.iab.com/guidelines/digital-video-ad-serving-template-vast-4-0/
I think reason for using VAST 2.0 to VAST 2.0.1 is below:-
An update was made to the 2.0 Schema because of a small typo found. Please use the schema labeled vast_2.0.1 as the official VAST 2.0 schema.
References:- https://en.wikipedia.org/wiki/Video_Ad_Serving_Template
Europe speaking, VAST 2.0 is by far the most widely used format. VAST 3.0 is also used, but there are many enquiries from all sides on what exactly is being supported (not all VAST 3.0 features are required for minimum compliance).
VAST 4.0 is not used yet and calls for updated not only on the player/parser side, but also on the ad server side. The standard explicitly mentions and upgrade path from 2.0 to 4.0 and I guess many will choose this option.