Re: VL Finnish pre-1945 Fighter Projects
Valmet = Valtion metallitehtaat = The State's Metal Factories (direct translation) and was formed in 1951. A multiple industrial company, probably best known to the public from their farm tractors.
VL = Valtion lentokonetehdas = The State's Airplane Factory, this was formed to build trainers long before the war. When Valmet was formed, VL was absorbed into that.
So the best thread title would be perhaps VL Finnish pre-1945 projects. (Since VL only is too vague.)

I've also read that book the history of VL, part 2, shown in the pic above by Chicken Kana. There's also a separate thin book about VL Myrsky, the Finnish fighter that came closest to operations.
This is more of an overviewing story, trying to perhaps put things into some perspective (like we've had discussions of some other industries and analysis of the reasons of failures):
The state also tried to encourage private airplane building companies, and the brothers Karhumäki had some activity going on but nothing major happened in terms of indigenous private production. Finland tried to buy airplanes and engines desperately from everywhere just before the winter war and later, but not much could be had. Some English Blenheims, Dutch Fokkers and American Brewsters.
VL:
Before the continuation war, VL had built some self designed trainers and also some Fokker XXI:s and Bristol Blenheims on licence. Some repairs and mods were made too. There was effort spent on building wind tunnels, laboratories, sending young engineers abroad to learn about the industry etc, building new factories and airfields, training pilots, the whole culture and infrastructure for a small aviation industry.
During heated war, most of the capacity of VL went into repairing existing types so little effort could be spent on building new ones.
Myrsky used wood and partly rag construction and was somewhat structurally old fashioned and suffered from flutter at high speeds which caused destruction of test aircraft. Of course the power wasn't too high either; with no domestic engine production, earlier bought Twin Wasps were used. Aerodynamically it wasn't that old fashioned for early forties, used the NACA 23015 airfoil. Later versions used more plywood and less fabric than the earlier ones. Also lack of good glues didn't help (A few different substitutes were tried but they didn't work well, suffered badly outdoors etc). Germany's situation had worsened towards the end and they couldn't deliver any good glue. Some Myrskys were used for reconnaissance at the late war, being faster than all but the Me-109 but I think it can be seen mostly as a failure.
There wasn't any aluminium production in Finland. Aluminium was also hyper expensive if you bought it from somewhere like Switzerland - Finland didn't have much valued currency back then. It was deemed much more effective to construct anything locally because there was local relatively cheap labor that could still produce good quality products with some training.
Also shifting requirements were a problem. Myrsky was put on hold since in the early war when Soviets still had slow planes, the Brewster Buffalo proved to be so great that effort was spent on Humu, a Brewster copy. But things changed.
It was no certain thing that the Messerschmitt Me 109:s could be had from Germany. They had been asked for many times and were finally sold (though only a few at start) quite late. The Germans had earlier sold different war booty types to the Finns. Some French ones were practically unusable, the Morane Saulniers were a bit better with an engine change. If the Me:s would not have gotten here, who knows what would have happened.
When DB engines were potentially available, Pyörremyrsky was designed. It's quite a wooden Me-109 lookalike. And then later, Puuska, an emergency or folk fighter, with only a few guns and no armor. Various versions of that. And then there was the Vihuri Mosquito copy idea with the Germans. Only a single Pyörremyrsky flew of these later and lesser projects.
VL:s aircraft starting from the trainers almost all had wind themed names, here are the wartime fighter types:
Myrsky = Storm
Humu = Hum / Party whirl (hard to translate)
Pyörremyrsky = Hurricane / Cyclone / Typhoon
Puuska = Gust
Vihuri = A certain kind of pretty hard wind, breeze. Name later re-used for the Vihuri trainer.