I just found this feature, which allowing guests to use SSD as swap device DIRECTLY.
on Vsphere client
1) Highligh Hosting Node
2) Click Configuration
3) Click on "Virtual Machine Swapfile Location"
4) change from your OS drive to SSD
On Guest setting, use Swapfile Location "Default" , which is
same location as hosting server swapfile location (SSD), assuming
that you already setup "Host cache" to SSD.
Now you can do memory-overcommit without worrying bringing down other guests.
Jimmy