Both teams recorded emphatic victories in the final round but ultimately ended up short of their pre-tournament aim of promotion.
Vanuatu beat Norway by 91 runs in a rain-affected game to finish third.
Jonathon Dunn struck 114 at the top of the order as the Melanesians piled on 309 for 3 batting first. before restricting the Norwegians to 159 for 8 in 36 overs.
The President of Vanuatu Cricket, Mark Stafford, was proud of the way the team responded following their semi final defeat to Suriname.