The standardization process for Versatile Video Coding (VVC), the next generation video coding standard, was launched in 2018, after several recent advances in video coding technologies had been investigated under the Joint Video Experts Team (JVET) of ITU-T VCEG and ISO/IEC MPEG experts. The recent standard development status (up to VVC working draft 2) shows that the VTM software, the test model for this VVC standard, can achieve over 23% average coding gain under random access configuration when compared to the HM software, the test model of HEVC standard. This paper gives a review of recently developed video coding technologies that have been either adopted into the VVC working draft as part of the standard or under further evaluation for potential inclusions.
