Step 1: Identify the radius of the circle.
Since the circle is centred at $V$ and passes through $P$, its radius is $VP$. In a regular hexagon, all sides are equal and adjacent vertices are $5$ cm apart. Hence $VP=VT=5$ cm (adjacent sides of the hexagon). \(⇒ r=5\) cm.
Step 2: Find the angle subtended at the centre $V$.
The interior angle at any vertex of a regular hexagon is $120^\circ$. The sector in question is formed by the two sides $VP$ and $VT$; therefore the central angle of the circular sector $\angle PVT=120^\circ$.
Step 3: Area of the shaded region.
From the diagram, the shaded part is exactly the sector of the circle between the radii $VP$ and $VT$ (no subtraction of the triangle is intended).
Area of a sector with angle $\theta$ and radius $r$: \(\displaystyle A_{\text{sector}}=\frac{\theta}{360^\circ}\pi r^2\).
Here, $\theta=120^\circ$, $r=5$ \(⇒\)
\[
A_{\text{shaded}}=\frac{120^\circ}{360^\circ}\pi(5)^2
=\frac{1}{3}. 25\pi
=\boxed{\frac{25\pi}{3}}.
\]