VLC is one of those apps that takes beta testing seriously. The developers have been testing a big revision (1.9.x) for ages, and now it's finally rolling out on Android as v2.0. This update finally embraces the LAN part of VideoLAN Client with proper network browsing, and that's only the start.
Here's the full changelog posted by VideoLAN, which eschews the usual bullet list format.
2.0 introduces a large number of features, notably network disk browsing (Windows shares, UPnP, NFS, FTP, SFTP...), favorite folders and URLs, video playlists, rewritten notifications and control, popup video and a rewritten history.
It is also a merge of Android TV and Android versions, so that every device can optionally get the Android TV interface. The TV interface has been improved quite a bit too. Finally, it should be faster to decode and playback all video types.
Browsing your local network will make it much easier to play content on your Android devices if you've got a NAS or large shared directory on your PC. It also supports remote connections like FTP and SFTP. You can save favorite folders and URLs in the app for easy access as well.
One of the more interesting things in this release is the option to toggle any device to the Android TV UI for VLC. Yes, even if you've got a tiny phone. I can see this being handy on larger tablets, or maybe if you're using screen mirroring on a TV. The new version is in the Play Store and on APK Mirror if you want to give it a shot.
After roughly 3 weeks of staged rollouts, the VLC team has just opened up the v2.0 update to everyone.