Bun claims this feature is for running untrusted code (https://bun.com/reference/node/vm), while Node says "The node:vm module is not a security mechanism. Do not use it to run untrusted code." I'm not sure whom to believe.
It looks like Bun also supports Shadow Realms which from my understanding was more intended for sandboxing (although I have no idea how resources are shared between a host environment and Shadow Realms, and how that might potentially differ from the node VM module).