In quantum physics I have heard this referred to as "(inserting) a complete set of states," and denoted equivalently by $$\mathbb{I}=\sum_i|v_i\rangle\langle v_i|\textrm{, where }\langle v_i|v_j\rangle=\delta_{ij}.$$
Clearly it holds in the standard basis, but I don't know how to prove this for any arbitrary set of orthonormal vectors.
To show that the matrix $A = \sum_{i} v_{i}v_{i}^{T}$ is the identity matrix, it is enough to show that $Aw = w$ for any vector $w$. Since $\{v_{i}\}$ is an orthonormal basis, we can write $w = \sum a_{i}v_{i}$ for some constant $a_{i}$, then $$ Aw = \sum_{i, j} a_{j} v_{i}v_{i}^{T}v_{j} = \sum_{i, j} a_{j}v_{j} \delta_{i, j} = \sum_{i} a_{i}v_{i} = w. $$