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Install OpenVZ on centos 5, Install OpenVZ, Easy OpenVZ Installation Tutorial.

OpenVZÂ installation easy on CentOS 5
To start, you need to have your kernel compiled with openVZ. Check that using
#uname -a
The output should look something like Linux … 2.6.188.1.8.
el5.028stab038.1 ..
The most important part is 028stab038, if you do not have this (the numbers might be
different on your machine) you need to update your kernel using [...]

Creating container private area (centos-4-i386-default) Cached os template /vz/template/cache/centos-4-i386-default.tar.gz not found Creation of container private area failed

Fix for the  Creation of container private area failed error during OpenVZ installation
[root@Centos cache]# vzctl create 102 –ostemplate centos-4-i386-default
Creating container private area (centos-4-i386-default)
Cached os template /vz/template/cache/centos-4-i386-default.tar.gz not found
Creation of container private area failed
download centos-4-x86.tar.gz from http://download.openvz.org/template/precreated/ into directory /vz/template/cache/
[root@Centos cache]# ls
centos-4-x86.tar.gz  fedora-7-i386-default.tar.gz
[root@Centos cache]# mv centos-4-x86.tar.gz centos-4-i386-default.tar.gz
now try to run  vzctl create 101 –ostemplate centos-4-i386-default it [...]

Missing Dependency: cElementTree.so is needed by package vzyum in centos 5

fix for Missing Dependency: cElementTree.so is needed by package vzyum in centos 5
rpm -qa | grep python-elementtree
and remove the current python-elementtree
rpm -e python-elementtree*
now download new python-elementtree-1.2.6-7.el5.test.x86_64.rpm from rpm.pbone.net and install , then restart yum
And try to install the packages using yum…
yum -y install vzctl vzquota vzpkg
it should be working fine now.