You are to run the vapor barrier over the insulation and the studs?
In that case I have two questions:
Are you using wood or metal studs?
What kind of insulation are you planning to use?
The moisture seeping through the concrete wall due to capillary action (reason why you need a barrier in the first place) will eventually condensate behind the vapor barrier - or on any surface you place behind it and in that case, it will be condensing on the insulation and the studs.
Depends on the insulation you are using, it will soak up water and might support mold growth.
The same goes for the studs. If they are wood, they will soak up water, grow mold and rot.
Mold thrives in moisture and feeds on organic matter.
I recommend placing the vapor barrier behind studs and insulation linked to some kind of baseboard or internal perimeter drainage system. This way the moisture build up can be diverted to a drain or a sump pump.
I figure if you are going to do all this work yourself, you want to do it once and for good, therefore keep that in mind if you don't want a musty and smelly basement in the future.
Here's a good article on finishing basement walls with a comparative chart:
Picking the Best Basement Wall Products