Le Quang Liem, ranked 27th in the world, took second place for the second time at the 39th Super GM Chess contest in Dortmund, Germany on Sunday.
Fifth-ranked Russian Vladimir Borisovich Kramnik played exceptionally well at the contest and won the championship.
It was a repeat performance by the 20-year-old Vietnamese GM, invited to participate in the event for the first time last year.
Of the ten matches at the July 21-31 event, Liem had nine draws and only one win over defending champion Ruslan Olegovich Ponomariov of Ukraine, currently ranked 10th in the world.
Ponomariov finished third while 40th-ranked followed by Dutch prodigy Anish Giri and sixth-ranked Japanese American Hikaru Nakamura.
The host nation's Georg Meier, ranked 90th, ended in last place.