|With the conclusion of the 1st Dragon Capital - Vietnam Open, the 1st ASEAN Grand Prix has come to an end.
The USD 25,000 overall prize fund - based on top three results - is for the top 6 finishers, and IM Julio C Sadorra of the Philippines was first, winning USD 6,000, ahead of his good friend and countryman GM Wesley So whose second place was worth USD 5,000.
Third and fourth places were also won by Philippine players, Rolando Nolte and IM Richard Bitoon, respectively getting USD 4,000 and USD 3,000.
Vietnam GMs Dao Tien Hai and Nguyen Auh Dung were fifth and sixth, respectively winning USD 2,000 and USD 1,000.
Intchess Asia, as promised by ASEAN Chess Confederation President Ignatius Leong, sponsored the overall prize fund of the 1st ASEAN Grand Prix in the absence of the promised title sponsor.
Born and agreed to by the National Chess Federations of the Philippines, Vietnam, Indonesia, and Singapore on 23 September 2007 in Cebu, Philippines during the 6th Asian Individual Championships and World Cup qualifier, the objective of the ASEAN Grand Prix is to help ASEAN grandmasters to earn a living from the game while giving norm and title opportunities for talented players in the region.
There were in total 6 tournaments: The 3rd PGMA Cup 2007 and 2nd Pichay Cup 2007 in Manila followed by the Singapore Open 2007, the Philippines Open 2008 and the 1st Subic International Open 2008 in Subic-Olangapo City, and the 1st Dragon Capital - Vietnam Open 2008.