This may suit.
Sub VCardOut()
Dim oFolder As Object
Dim oContact As ContactItem
Dim sPath As String
Dim sName As String
Dim sVCard As String
Dim f As Object
Dim fs As Object
Dim i As Integer
Set fs = CreateObject("Scripting.FileSystemObject")
Set oFolder = GetNamespace("MAPI").GetDefaultFolder(olFolderContacts)
sPath = "C:\Docs\"
'Problem with formatting and backslash
'' Loop through all of the items in the folder.
For i = 1 To oFolder.Items.Count
Set oContact = oFolder.Items(i)
sName = oContact.FullNameAndCompany & ".vcf"
If Trim(sName) = ".vcf" Then sName = oContact.EntryID & ".vcf"
Set f = fs.CreateTextFile(sPath & sName)
sVCard = "BEGIN:VCARD" & vbCrLf
sVCard = sVCard & "VERSION:2.1" & vbCrLf
sVCard = sVCard & "FN:" & oContact.FullName & vbCrLf
sVCard = sVCard & "N:" & oContact.LastName & ";" & oContact.FirstName & ";" _
& oContact.MiddleName & ";" & oContact.Title & ";" & vbCrLf
sVCard = sVCard & "NICKNAME:" & oContact.NickName & vbCrLf
sVCard = sVCard & "ADR;HOME;ENCODING=QUOTED-PRINTABLE:;;" _
& Replace(oContact.HomeAddress & "", vbCrLf, "=0D=0A") & ";" _
& Replace(oContact.HomeAddressCity & "", vbCrLf, "=0D=0A") & ";" _
& Replace(oContact.HomeAddressCountry & "", vbCrLf, "=0D=0A") & vbCrLf
sVCard = sVCard & "ADR;WORK;ENCODING=QUOTED-PRINTABLE:;;" _
& Replace(oContact.BusinessAddress & "", vbCrLf, "=0D=0A") & ";" _
& Replace(oContact.BusinessAddressCity & "", vbCrLf, "=0D=0A") & ";" _
& Replace(oContact.BusinessAddressCountry & "", vbCrLf, "=0D=0A") & vbCrLf
sVCard = sVCard & "BDAY:" & Format(oContact.Birthday, "yyyymmdd") & vbCrLf
sVCard = sVCard & "EMAIL;PREF;INTERNET:" & oContact.Email1Address & vbCrLf
'' Repeat as necessary for each email address
sVCard = sVCard & "EMAIL;INTERNET:" & oContact.Email2Address & vbCrLf
sVCard = sVCard & "ORG:" & oContact.CompanyName & ";" & oContact.Department & vbCrLf
sVCard = sVCard & "TEL;CELL;VOICE:" & oContact.MobileTelephoneNumber & vbCrLf
sVCard = sVCard & "TEL;HOME;FAX:" & oContact.HomeFaxNumber & vbCrLf
sVCard = sVCard & "TEL;HOME;VOICE:" & oContact.HomeTelephoneNumber & vbCrLf
sVCard = sVCard & "TEL;WORK;FAX:" & oContact.BusinessFaxNumber & vbCrLf
sVCard = sVCard & "TEL;WORK;VOICE:" & oContact.BusinessTelephoneNumber & vbCrLf
sVCard = sVCard & "TITLE:" & oContact.JobTitle & vbCrLf
sVCard = sVCard & "URL;HOME:" & oContact.PersonalHomePage & vbCrLf
sVCard = sVCard & "URL;WORK:" & oContact.BusinessHomePage & vbCrLf
sVCard = sVCard & "REV:20090225T232716Z" & vbCrLf
sVCard = sVCard & "End: VCARD"
f.WriteLine sVCard
f.Close
Next
End Sub