The final match of the tournament saw the local player get the better of former world champion Shakhriyar Mamedyarov of Azerbaijan to win with a score of 3-1.
He therefore earned total 11 points after seven matches and finished among the Top 3 with a cash prize of US$27,500.
His two strong rivals in the competition, including Jan-Krzysztof Duda of Poland and Arjun Erigaisi of India, lost in this final round.
Liem recorded three wins against Wesley So, Jan-Krzysztof Duda, and Mamedyarov, along with four loses against Anish Giri, Magnus Carlsen, Praggnanandhaa Rameshbabu, and Erigaisi Arjun.
Magnus Carlsen of Norway ultimately won the championship title of Champions Chess Tour Finals after earning a total of 20 points, being awarded a cash prize of US$50,000 for his efforts.
The Champions Chess Tour Finals ran from November 14 to November 20 through an online format, with the occasion featuring the participation of eight international players.
Four players competed at the same venue in San Francisco in the state of California in the US, whilst the rest, including Quang Liem, played online at home or at any venue of their choice.
Competitors played in a round-robin format with players earning US$2,500 for each point earned. The prize pool for the tournament totaled US$210,000.
Source: VOV