Yes, absolutely. This TV comes with a number of different inputs, including HDMI, USB & RCA cabling. Should work with any surround speaker setup, with a receiver..and absolutely with a DVD/VCR player (s). Good luck.
I gave this TV to my Mother for her birthday, who lives 400 miles away. However I went on panasonic.com to look at the manual, and yes you should be able to connect all of these components without a problem.
DEPENDING upon your setup, this could be a problem. I have an older receiver (all of 5 years). Receiver lacks HDMI. Comcast HD Cable TV comes with an HDMI cable that plugs right in the back of the TV. That gets everything into the TV, but to get the *audio* to play through my receiver's speakers is tricky. This TV has only a digital optical audio output - no "regular" (RCA analog) audio outputs which would work with my non-digital receiver. So I'm looking to have to get a digital to analog converter box for the TV's audio to play through my BOSE surround speaker system. Seems they want you to buy a new HDMI receiver? I would have reconsidered buying this unit had I known of it's lack of a simple, regular audio output (not even a headphone jack?)