Emmet 2.0 has support for the majority of the Emmet Actions including expanding Emmet abbreviations and snippets - visualstudio.com 
Support for Emmet snippets and expansion is built right into Visual Studio Code, no extension required.
Emmet tool in VS Code Here's how you can create a basic HTML boilerplate using Emmet in VS Code: Open a new HTML file or an existing one in Visual Studio Code. Inside the file, type:
html:5
and then press the Tab key. Emmet will automatically expand this abbreviation into a basic HTML5 boilerplate.