Debes usar la API StretchBlt, deberías buscar en Planet-Source-Code.com
hay varios ejemplos,
busca por "stretch image" o Picture stretch"
Declare Function StretchBlt Lib "gdi32" Alias "StretchBlt" (ByVal hdc As Long, ByVal x As Long, ByVal y As Long, ByVal nWidth As Long, ByVal nHeight As Long, ByVal hSrcDC As Long, ByVal xSrc As Long, ByVal ySrc As Long, ByVal nSrcWidth As Long, ByVal nSrcHeight As Long, ByVal dwRop As Long) As Long
