A video processing method includes receiving a virtual reality (VR) content, obtaining a picture from the VR content, encoding the picture to generate a part of a coded bitstream, and encapsulating the part of the coded bitstream into ISO Base Media File Format (ISOBMFF) file (s). In one exemplary implementation, the ISOBMFF file (s) may include a transform property item that is set to enable at least one of a projection transformation, a packing transformation, a VR viewport selection, and a VR region of interest (ROI) selection in track derivation. In another exemplary implementation, the ISOBMFF file (s) may include a first parameter, a second parameter, and a third parameter associated with orientation of a viewport, with the first, second and third parameters indicating a yaw angle, apitch angle and a roll angle of a center of the viewport, respectively. Further, an associated video processing apparatus is provided.