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VSCode portable - yes, you can get the portable version of VSCode Tuesday, September 13, 2016 |

Finally my search for the portable version of VSCode ends here!
Seems like there's an official portable version available @ https://code.visualstudio.com/docs?dv=winzip

Thanks to this thread in in hacker news - https://news.ycombinator.com/item?id=11498000

PS: Yet to play with and check the code folding feature in the latest version of VSCode.