Malbun (German pronunciation: [malˈbuːn]) is a ski-resort village in an exclave of the municipality of Triesenberg, in Liechtenstein.

It is located at 1,600 metres (5,249 feet) above sea level in the Alps, on a road to Steg and Vaduz, and less than two kilometers from the Austrian border.

At the top of Bergbahn Malbun's eastern lift, the alpine ridges of Switzerland and Austria can be seen.

Malbi Park is the learning area for children that is provided at no cost and includes a miniature tow-bar as well as a magic carpet.

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