My VC Boutique contact says it’s a Piaget derived movement and doesn’t have a Geneva poincon.
Definitely a move downmarket. Remove the VC Logo and this could be a Zenith, JLC or something else a step down. Not that impressed.
The only highlight is the price point which is a move in the right direction. Lange did the same with the 37mm Saxonia, but without compromising innards and finishing.