  Let $D$ be an integral domain. A nonzero nonunit $a$ of $D$ is called a
valuation element if there is a valuation overring $V$ of $D$ such that $aV\cap
D=aD$. We say that $D$ is a valuation factorization domain (VFD) if each
nonzero nonunit of $D$ can be written as a finite product of valuation
elements. In this paper, we study some ring-theoretic properties of VFDs. Among
other things, we show that (i) a VFD $D$ is Schreier, and hence ${\rm
Cl}_t(D)=\{0\}$, (ii) if $D$ is a P$v$MD, then $D$ is a VFD if and only if $D$
is a weakly Matlis GCD-domain, if and only if $D[X]$, the polynomial ring over
$D$, is a VFD and (iii) a VFD $D$ is a weakly factorial GCD-domain if and only
if $D$ is archimedean. We also study a unique factorization property of VFDs.
