The vast majority of blade steels have molybdenum and/or vanadium in them. That's what the "MoV" stands for in those Chinese alphabet soup steels people like to criticize, like 8cr13mov, 4cr14mov, or European equivalents like X50CrMoV15. Molybdenum and Vanadium are also present, usually in much greater quantities, in more respectable steels like S30V and M390
Them saying it's "Molybdenum Vanadium" steel is functionally equivalent to manufacturers saying they use "stainless steel" or "premium surgical steel". It tells you very little, and is often a way to sound cool without actually telling you what they're using.
That phrase is used to describe Japanese blades a lot. In that context, though, it doesn't tell you very much because it just makes you guess to whether it's something like AUS6, AUS8, VG10, or some other random composition.
Steel snobbery aside, if you like the blade, use it and enjoy it. Honestly, the steel composition is not the end all be all in performance. But the steel here is a mystery, in my opinion.
(edited for nomenclature typo)