Apparently not. An Austalian ABC article says
It is true that collagen, a fibrous protein in the skin, is involved in scar formation and that vitamin E, when present in the body, influences the formation and arrangement of collagen fibres.
But Dr Artemi says it does not automatically follow that applying vitamin E to skin will improve the way collagen is ...
Topical application of vitamin E may reduce the length and depth of facial lines and wrinkles, according to the University of Maryland Medical Center. One specific form of vitamin E that has this benefit is alpha-tocopherol cream. Using such a cream can also reduce skin roughness.
Step-by-step guide about usage of vitamin E for skin
Precaucious of usage