Yes, VMWare and OpenVZ can work together, but they will not interact directly with each other. VMWare and OpenVZ are both virtualization technologies, but they work in different ways.
VMWare operates at the hardware level, creating a completely isolated virtual machine that doesn’t share an operating system with its host. This is known as full virtualization.
OpenVZ operates at the operating system level, allowing multiple “containers” to share a single Linux kernel. This is known as OS-level virtualization.
You could potentially run an OpenVZ host within a VMWare virtual machine (or vice versa), but doing so could potentially introduce performance inefficiencies. They are both powerful tools, but are often best suited to different tasks.