Network-on-chip (NoC) offers a scalable and flexible communication infrastructure for many-cores systems. Buffers in router is used for fine-grain flow control and Quality of Service (QoS), yet it is the major contributor of area and power consumption. In this paper, we propose a hybrid buffer design with SRAM and Spin-Torque Transfer Magnetic RAM (STT-RAM) for NoC router leveraging a novel architecture combined Virtual Channel (VC) and Virtual Output Queuing (VOQ) to store congested and uncongested flow separately. Experiments demonstrates that the proposed scheme can achieve 11.8% network performance improvement and 32.9% power saving with only 8.2% area overhead degradation compared to conventional SRAM based buffer design.