Hi,
I do have the option under as Programs --> Load Runner --> Tools --> VBA setup in LR version 9.1 and 9.52 as well.
So I guess you have installation issue here.
In C:\Program Files\HP\LoadRunner\bin\, please check that do you have a folder: vba6_setup?
You can run the file : vba6.msi from this folder for VBA setup.
If you don'f have this folder, so I think you should reinstall LoadRunner with full administrator right.
Regards,
Chau