Video Help With Virtualdub

Hello to all! I have a 352x480 mpeg2 video which is 2hrs long but I want to clean it up with virtualdub because the quality is not good. What are the steps to fix this and is is best to resize it. Im kind of a newbie with this so please help me



Here is the video info:

Complete name : C:\Users\WJL\Documents\NeroVision\ImportedVideo\4-2-2013 70445 PM.0001\0001.mpg
Format : MPEG-PS
File size : 1.99 GiB
Duration : 2h 0mn
Overall bit rate : 2 368 Kbps

Video
ID : 224 (0xE0)
Format : MPEG Video
Format version : Version 2
Format profile : Main@Main
Format settings, BVOP : Yes
Format settings, Matrix : Default
Format settings, GOP : M=3, N=15
Duration : 2h 0mn
Bit rate mode : Variable
Bit rate : 2 064 Kbps
Nominal bit rate : 3 758 Kbps
Width : 352 pixels
Height : 480 pixels
Display aspect ratio : 4:3
Frame rate : 29.970 fps
Standard : NTSC
Color space : YUV
Chroma subsampling : 4:2:0
Bit depth : 8 bits
Scan type : Interlaced
Scan order : Top Field First
Compression mode : Lossy
Bits/(Pixel*Frame) : 0.408
Stream size : 1.73 GiB (87%)

Audio
ID : 189 (0xBD)-128 (0x80)
Format : AC-3
Format/Info : Audio Coding 3
Mode extension : CM (complete main)
Muxing mode : DVD-Video
Duration : 2h 0mn
Bit rate mode : Constant
Bit rate : 256 Kbps
Channel(s) : 2 channels
Channel positions : Front: L R
Sampling rate : 48.0 KHz
Bit depth : 16 bits
Compression mode : Lossy
Delay relative to video : -67ms
Stream size : 220 MiB (11%)

Text
ID : 224 (0xE0)-DVD-2
Format : EIA-608
Muxing mode : DVD-Video
Muxing mode, more info : Muxed in Video #1
Stream size : 0.00 Byte (0%)

I would greatly appreciate it if you could help me. Thanks