Symptoms
I am trying to convert VirtualBox .vdi file to Parallels virtual machine but unable to do so.
Cause
In some cases conversion from vdi is not supported by Parallels Desktop.
Resolution
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In the VirtualBox Manager, right-click on VM > Clone.

NOTE: Make a Full, complete clone that will NOT have any snapshots. This is an important step because Parallels Desktop can not import a VM that includes snapshots.
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Launch the new clone of your VM, and uninstall the VBox Guest Additions.

For example: if the VM is Windows 7, you’ll find them off the Start-> All Programs-> Oracle VM Virtual Guest Additions -> Uninstall
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Shut down the Guest OS properly. (Not Sleep/hibernate)
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Open Parallels Desktop (in the
Applicationsfolder) and choose File > Open.
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Select
.vboxfile that you prepared.
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Wait till conversion will be completed.

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Your Parallels Desktop virtual machine is almost ready. Install Parallels Tools and that is it!

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