Hi,
IPv4: Exchanges BGP Update messages that contain only routing information. By default, BGP does not allocate labels to common IPv4 routes.
VPNv4: routes in the BGP VPNv4 address family, which are used for route crossover based on RTs to implement mutual access between VPN routes. The Update message exchanged with BGP contains route information, RD information of the VPN to which the route belongs, and label value assigned to the route. BGP allocates labels to VPNv4 routes by default.