Windows 10 Pro x64
Office 365 v1707 (build 8326.2076 Click-to-Run)
The _vtc_rpc dialog issue also showed up after this update for Word, Excel and Powerpoint (I haven't opened the other programs yet but I'm assuming same problem).
Office Repair: Done
Cleared Credentials: Done
Doing the above did not work.
Below is what worked for me.
I put all my office documents into my OneDrive folders on my desktop so that it syncs up to OneDrive for me. I noticed the AUTO-SAVE switch on the upper left corner in from this latest update I assume. I have all on auto-update basically so I don't know
if this was in previous updates.
When it's turned on, whenever you open a file for the first time from the OneDrive Folder (Didn't test from other non-OneDrive Folder since all my files are in OneDrive), it will initiate an auto-save to OneDrive and super annoyingly updates the Date Modified
meta-data as well, it will also pop up the _VTC_RPC_
If you open the same file up again, the _VTC_RPC dialog doesn't show up again.
In the OneDrive App settings.

Disabling this made the _VTC_RPC problem go away.
However you will have to put up with a little annoyance which is the save dialog everytime you close a file even if you did no edits.