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Yes BUT... Yes but you have to use the correct neutron plugin assuming that you have already a network virtualization technology on ESXi.

Here in the Plug-in compatibility with Compute drivers, on table 7.3, you can find the neutron plugins vs nova compute drivers compability matrix.

Using nova compute VMWare drivers you can only use Nicira NVP (now VMWare NSX) and Plumgrid neutron plugins.

You cannot use neutron having only the bare VMWare vSwitch.

Openstack is not a virtualization solution: you still need an hypervisor to virtualize computing resources and you still need a network virtualization solution to "virtualize the network".