I solved this problem. When I try it with Toolset content templates, it works fine.
If I put same code inside Visual Composer page, I see shortcodes instead of field values.
Any idea how to fix it in Visual Composer? By default your plugin changes [ and ] {!{ and }!}, but any of them are working fine. I see shortcodes in both cases.
Perhaps you can use our Toolset Content templates and then using the visual builder edit the content templates.
There should be an option on the content template to edit it with Visual Composer. Are you using the Block editor on the Content template?
If so then you will perhaps need to enable the Classic Editor. Under Toolset -> Settings scroll to Editing experience and select the 3rd option. From there just select Classic Editor for Editor to use for Content Templates.