Some sources say it stands for "Variable Nozzle Turbocharger". A set of movable
guide vanes in the exhaust turbine change the size of the exhaust opening, making it smaller at lower gas flow volumes (lower revs) to keep up the gas speed through the turbine, so getting it to spin up sooner i.e. at lower revs.
It is fitted to my TDI 110 engine - I don't have a full list of the engines it is fitted to, though. Certainly not fitted to the TDI 90. I think all the PD engines have VNT turbos, but not sure.
The turbine is sized for the gas flow at full revs and so has no wastegate.