In deep hole boring process, long and flexible boring bars are often used. Due to the large length-to-diameter ratio, the stiffness of the boring bars is inevitably reduced, where the boring bars’ vibration effects will occur. The influences of vibration will significantly degrade the accuracy and the surface quality, or even lead failure of the production. Therefore, it is of significant importance to develop techniques to reduce vibration in deep hole boring. In this paper, a new boring bar with a variable stiffness dynamic vibration absorber (VSDVA) is presented, where the basic parameters of the proposed boring bar are measured. Based on the proposed dynamic model, the vibration characteristics of the proposed boring bar are analyzed, and the change laws of the vibration reduction performance are obtained under different excitation frequencies. A new vibration reduction method is proposed, where best vibration reduction performance can be achieved by adjusting the stiffness of the VSDVA. Finally, the vibration reduction performance of the proposed boring bar is validated and evaluated by boring experiments. These works could provide guidance for designing new types of boring bars, selecting cutting parameters, and adjusting the vibration reduction performance of the proposed boring bar, and as a result, it provides a new design idea for the design of boring bar.