After updating very slow compilation over 100 sec.
Visual Studio 2019, v_1906_29_0
Deep Search takes a lot of time.
If you disable Deep Search and add #incude library - the project is compiled but does not work

How to return compilation speed?

Antivirus is not used.
Arduino Also updated to 1.8.9

Thanks but you need to switch on vMicro>Compiler>verbose

One thing I notice which might be unrelated but you should fix is your project name is not so good. In the arduino ide you will not be able to use that project name but also it contains a lot of spaces and unicode which mcu's don't like.

Right click "Вар2 на базе M5StickC.ino" and rename to "Вар2_M5StickC" or something simple. Then you should be prompted to rename the entire project. Maybe this will help but actually I can not compile with the project name you have used. Maybe in the future we will enforce strict control of file names but the arduino ide is too strict and that used to cause complaints in this forum.

Thanks, pls click Build a second time so that I can see the cached output. Click Build not Rebuild

Thanks

EDIT: Also give link to board package (json) or github etc. so we can test same.

may be: ESP32 Boards Manager url: https://dl.espressif.com/dl/package_esp32_index.json

Okay now we can clearly see that cache is failing for the deep search for libraries. We will have to look into it some more because it works in our tests. We will use your build output to replicate.

You can switch back to an older version using the releases section of this gallery. You would need to use extension manager in the ide to uninstall the current visual micro first because it has newer version number. You can probably also switch off deep search if you add at least one #include from each library to your .ino code. The easy way might be to use "visual micro > add library" 

Using library M5StickC-0.0.7 version 0.0.7 in folder 
Using library Wire version 1.0.1 in folder 
Using library SPI version 1.0 in folder 
Using library FS version 1.0 in folder
Using library Adafruit_VEML6070_Library

After entering the folder "C:\tmp\vmbuild"
First compilation 134,44 secs 
The second and third compilation 103,19 and 79,69 secs

After set option Tools>options>visual micro>compiler>Deep Library Search Cache = TRUE
First compilation 147,70 secs 
The second and third compilation 37,72 and 36,96 secs
It's still long

There is a fix to the deep search cache relating to the use of shared libraty projects in 1908.3+.

It is also now possible to easily make a local clone of a specifc version of a library if needed.

https://www.visualmicro.com/forums/YaBB.pl?board=VS_ARDUINO_EXT_RELEASES