also try this if your vbindex.php file is in your forums folder. Which is were I put mine.
define('CHDIR_PATH', '/home/password/public_html/forum');
The "password" bit is the password you use to log-on to your servers CP Panel were you create a database and have your CP Tools
The "forum" bit is the name of your vbulletin folder than contains all the forum files.
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If you store the vbindex and vbconfig file ikn your root directory, try this.
define('CHDIR_PATH', '/home/password/public_html');
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