Vlookup requires 3 arguments and you only have 2 so it will not allow you to
enter it. Additioanlly you have missed the optional 4th argument which means
that it is doing a sorted lookup which may not find the value. Match would be
a better choice for what you are doing instead of Vlookup.
=IF(ISNA(MATCH(G9,Sheet1!B2:B50, 0)),"","NEW")
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