A vascular bundle is a part of the transport system in vascular plant

Vascular plant

Vascular plants are those plants that have lignified tissues for conducting water, minerals, and photosynthetic products through the plant. Vascular plants include the clubmosses, Equisetum, ferns, gymnosperms and angiosperms...

s. The transport itself happens in vascular tissue

Vascular tissue

Vascular tissue is a complex conducting tissue, formed of more than one cell type, found in vascular plants. The primary components of vascular tissue are the xylem and phloem. These two tissues transport fluid and nutrients internally. There are also two meristems associated with vascular tissue:...

, which exists in two forms: xylem

Xylem

Xylem is one of the two types of transport tissue in vascular plants. . The word xylem is derived from the Classical Greek word ξυλον , meaning "wood"; the best-known xylem tissue is wood, though it is found throughout the plant...

 and phloem

Phloem

In vascular plants, phloem is the living tissue that carries organic nutrients , in particular, glucose, a sugar, to all parts of the plant where needed. In trees, the phloem is the innermost layer of the bark, hence the name, derived from the Greek word "bark"...

. Both these tissues are present in a vascular bundle, which in addition will include supporting and protective tissues. Also, it is a vein in the leaf that contains conducting tissues.

The xylem typically lies adaxial with phloem positioned abaxial.