If you've just installed VBox and it is not starting or working, the most common problem is usually that you don't have your kernel source installed, which means there is no kernel driver for vbox so it can't work.
You may get an error that says "Kernel driver not installed" in your Virtualbox.
So the first thing you should do is install your kernel source by running this:
sudo apt-get install linux-headers-`uname -r`........
yum exits in the middle
The problem is this VPS seems to be an OpenVZ template from HyperVM. The only way to make it work was to disable i386 packages since this was an x64 kernel. That shouldn't be necessary but it was the only way to make yum stop quitting after the first package or two. I couldn't find any issue by checking the logs either.
echo y|yum install vim-minimal telnet expect jwhois net-tools slocate iptables elinks gawk
L........
This is something that annoys a lot of people, fortunately the Redhat style OS's are the most simple in this respect. I disagree that Debian's way makes sense, it is more of a hackish approach in how they implement iptables.
Anyway, for those who are using Redhat/Centos style OS's it is very simple.
Set your rules from the shell/command prompt and to save the iptables firewall rules so they are remember/loaded on boot just run this command:
service iptables........