Firstly we have to install some prerequisites:

yum install make gcc kernel-devel kernel-headers glibc-headers perl

Mount the VMware Tools CD

mkdir /mnt/cdrom
mount /dev/cdrom /mnt/cdrom

Copy the install bundle from the CD and extract it

cp /mnt/cdrom/VMware-Tools*.tar.gz /tmp/
cd /tmp/
tar xvfz VMwareTools*.tar.gz

Run The installer

cd /tmp/vmware-tools-distrib
./vmware-install.pl