The ensemble was completed with matching elbow-length gloves.
Fans took to Twitter to express their excitement over the musician's look for the event.
NEW YORK, NEW YORK – AUGUST 30: (EDITORIAL USE ONLY) Miley Cyrus attends the 2020 MTV Video Music Awards, broadcast on Sunday, August 30, 2020 in New York City. (Photo by Vijat Mohindra/MTV VMAs 2020/Vijat Mohindra/MTV VMAs 2020 via Getty Images)
"Something about that dress Miley Cyrus is wearing," a fan wrote.
"THE DRESS. THE GLOVES. THE FACE. THE HAIR. THE ENERGY SHE IS EVERYTHIIING MILEY CYRUS #VMAs," gushed another.
A third added: "OK Miley Cyrus is MAGNIFICENT She has just a simple dress but she's prettier than everyone #VMAs."
The star also performed "Midnight Sky" during the event, harkening back to her "Wrecking Ball" music video by swinging on a disco ball during her song.
Cyrus is nominated for three awards this evening: song of the summer for "Midnight Sky," as well as best art direction and best editing for "Mother's Daughter."