A novel maize variety designated PHVBS and seed, plants and plant parts thereof. Methods for producing a maize plant that comprise crossing maize variety PHVBS with another maize plant. Methods for producing a maize plant containing in its genetic material one or more traits introgressed into PHVBS through backcross conversion and/or transformation, and to the maize seed, plant and plant part produced thereby. Hybrid maize seed, plant or plant part produced by crossing the variety PHVBS or a locus conversion of PHVBS with another maize variety.