The 40-year old was handed the reins by the Canadian outfit at the end of August last year when Ryan Nelsen was removed from his position at BMO Field.
While Vanney could only produce two wins and two draws from 10 regular season matches during his interim spell, he was appointed as permanent boss for the 2015 campaign, and is now looking show the TFC board that they have made the correct decision.
"I'm grateful that they've entrusted me with this and I don't take that lightly," he told MLSsoccer.com.
"All those steps along the way were opportunities for me to try to build things. Each place is a new place to learn and to build on those ideas, to learn what works and what doesn't work.
"I do feel I'm ready for it and I'm excited for our prospects."
During the off-season, Vanney signed the likes of Sebastian Giovinco from Juventus, Jozy Altidore from Sunderland and former Marseille star Benoit Cheyrou ahead of what promises to be a successful season for the Reds.
They kick off the 2015 campaign with a trip to Canadian rivals Vancouver Whitecaps on Saturday, March 7.
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