On Host:
VM > Install VMWare Tools
On Guest:
extract VMwareTools.x.x.x-xxxx.tar.gz to tmp
$ tar -xvf /media/$USER/"VMware Tools"/VMwareTools*.gz -C /tmp
cd /tmp
Install
sudo vmware-tools-distrib/vmware-install.pl -d
Check Shared folder is enabled by:
ls /mnt/hgfs/<Shared Folder>