VLIW means Very Large Instruction Word. It is a property of the instruction set, not of the processor that implements it.
You could have a VLIW ISA that is implemented by a processor that "unrolls" each instruction word and mostly executes the constituent instructions serially.
You could have a VLIW ISA that is implemented by a processor that "unrolls" each instruction word and mostly executes the constituent instructions serially.