Vietnam missed their last chance to win the cup when Hoang Dinh Tung hit the post in the final minute of added time.
In an earlier match on Oct. 23, Uzbekistan edged out Myanmar 2-1 to lift the annual cup and a 25,000 USD cash prize.
The hosts, who crushed Myanmar 5-0 and drew Uzbekistan 1-1 in theirfirst two games, opened the scoring against Malaysia 25 minutes into thegame when Nguyen Trong Hoang launched a 20m rocket to the back of thenet at a high corner.
Vietnam 's U23 squad would haveadded another goal in the 35th if Nguyen Van Quyet had beaten Malaysiangoalie Khairul Fahmi in a head-to-head opportunity.
Malaysia , the defending Southeast Asian (SEA) Games champions,regrouped to fire more attacks on Vietnam and they were paid off.
Captain Baddrol Bakhtiar equalised in the 43rd minute when set a 25mfreekick to hit the net in a high top corner and stun Vietnamese goalieTuan Manh.
German coach Falko Goetz substituted three midfielders in the second half, but the hosts failed to score a goal.
The annual tournament saw U-23 teams of Malaysia, Uzbekistan, Myanmarand Vietnam competing in a round robin tournament as a warming up forSEA Games in Indonesia next month./.