UOB PAINTING OF THE YEAR – A Direct Gateway to the Regional Art Ecosystem
Written by Nguyễn Tú Hằng for Hanoi Grapevine
Photo credit: UOB
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Preserving Southeast Asian Art – A Persistent, Multifaceted Role
For over four decades, UOB has affirmed itself not merely as a leading financial institution, but also as a pivotal and enduring force in fostering and preserving art in Southeast Asia. This commitment extends beyond simple philanthropic activities, manifesting through a strategic vision aimed at building a robust and professional art ecosystem for the region. UOB’s role can be understood within the historical and contemporary context of art patronage worldwide, where influential organizations and individuals have served as vital connectors.
Looking back at history, art patronage by financial institutions is not a new concept. From the Medici family in Florence – powerful bankers who funded Renaissance geniuses like Leonardo da Vinci, Michelangelo, Raphael, and Brunelleschi – to great individuals such as Andrew Carnegie, who established the Carnegie Corporation in New York, USA, in 1911 to support countless projects, including the construction of major museums, the role of “patrons” has always accompanied the development of art. In the modern era, large corporations continue this tradition with notable long-term commitments. For instance, the BMW Art Car program has collaborated with renowned artists since 1975 to transform cars into mobile artworks. Global banks like Deutsche Bank, UBS, and JPMorgan Chase also possess immense art collections, actively sponsoring major events such as Art Basel, while exhibiting works to inspire employees and clients, as well as enhancing brand image and corporate social responsibility (CSR).
UOB has learned from and effectively developed this patronage model in a unique way within Southeast Asia. Understanding that art is a mirror reflecting a nation’s cultural identity, history, and spirit, UOB has invested significantly in initiatives to nurture talent, encourage creativity, and raise public awareness of art’s value. The UOB Painting of the Year program, launched in 1982 in Singapore, is a vivid testament to this commitment. This is not just a competition; it has become a prestigious platform, opening doors for thousands of young and talented artists in the region to reach the public, collectors, and international art professionals. Many award-winning artists have risen to become major names in the regional art scene, affirming the award’s influence.
In 2011, UOB Painting of the Year expanded its scope across Southeast Asia, including Malaysia, Thailand, Indonesia, and most recently, Vietnam in 2023. This expansion reflects UOB’s long-term vision of building a cohesive Southeast Asian art community, where diverse cultural values are celebrated and shared. By bringing the competition to individual countries, UOB not only seeks out and honors local talents but also creates an important cultural bridge, helping artists in the region interact, learn, and create works that resonate with contemporary spirit while retaining their unique identity.
Furthermore, by playing the role of a “connector” within the art ecosystem, similar to how dealers, galleries, and auction houses bridge artists and collectors, UOB facilitates transactions and reduces information asymmetry in the market, helping to shape trends and artwork values. The partnership with National Gallery Singapore, a long-standing collaborator since 2015 and renewed for an additional five years in January 2024, is clear evidence of this. This relationship has contributed to the formation and development of the UOB Southeast Asia Gallery, which houses the world’s largest collection of modern Southeast Asian art, having welcomed over 2.6 million visitors since its inception. This is a prime example of how a financial institution not only provides funding but also directly participates in building and sustaining important cultural institutions, creating a material and intellectual foundation for art.
UOB Painting of the Year in Vietnam: Expanding the Professional Art Market
The inaugural UOB Painting of the Year in Vietnam in 2023 marked a significant milestone, opening a promising new chapter for the country’s art scene. This is not merely a competition but a golden opportunity for Vietnamese artists to access and deeply engage with a professional and multifaceted art market, extending far beyond the confines of traditional commercial transactions.
UOB Painting of the Year quickly established its credibility in Vietnam right from its first edition. This was evidenced by the quality of the submitted artworks and the enthusiastic response from the artistic community. The award-winning pieces not only showcased exceptional talent but also reflected the diversity in contemporary Vietnamese artists’ thinking and techniques. This prestigious award has brought tangible and long-lasting benefits to the winning artists. A prime example is the case of artist Trinh Minh Tien, who won the UOB Painting of the Year Vietnam 2023 with his work “Thuy Phu” (Water Palace). This victory not only brought a substantial cash prize but, more importantly, his work was exhibited at the regional exhibition at Art Central Hong Kong, granting international recognition and opportunities to connect with audiences, collectors, and curators from across Southeast Asia and the world. Trinh Minh Tien also subsequently became an artist for the prestigious Cité internationale des arts residency program in France, as part of UOB’s collaboration with Nanyang Academy of Fine Arts (NAFA), a testament to the international doors this award can open. Similarly, artist Viet Cuong, with his work “Dong Chay” (Flow) exhibited at the UOB Discovery Space, National Gallery Singapore, also garnered significant attention from professionals and the public, helping to elevate his reputation and expand his network.
From the perspective of the art market, as Isabelle Graw discussed in her work “High Price: Art Between the Market and Celebrity Culture,” the art market is not limited to the buying and selling of artworks—that is, the “commercial market.” The UOB Painting of the Year, by its very nature as a competition and a developmental platform, has facilitated Vietnamese artists’ access to three other crucial aspects of the professional art market. Firstly, there is the knowledge market: when artworks are selected and evaluated by a prestigious jury, and subsequently exhibited in regional-level exhibition spaces, it stimulates in-depth discussions, critiques, and research. This helps Vietnamese artists’ works and ideas enter a broader artistic discourse, contributing to the creation and dissemination of knowledge within the art world. Secondly, there is the exhibition market: the opportunity to be exhibited in leading museums and galleries like the National Gallery Singapore is not just an honor but a vital stepping stone. These spaces are not merely venues for presenting artworks but also places that shape an artist’s value, vision, and position within the regional and international art landscape. This transcends immediate commercial value, building a solid foundation for an artist’s long-term career. And finally, there is the academic market: when a Vietnamese artist’s work, through an internationally recognized competition, is selected to be part of the Southeast Asian art collection of a reputable regional bank, and simultaneously circulates through collaborations with academic institutions such as museums, universities, and government-supported academic art institutions, it contributes to enhancing the value of the artwork in particular and the artist’s career in general.
With the achievements gained since 2023, UOB Painting of the Year is becoming a significant factor in promoting the professionalization and integration of Vietnamese art into the regional and global art flow. The competition is not just a place to honor talent but also a launchpad for Vietnamese artists to build sustainable careers in an increasingly complex and diverse art market.
Changing the Landscape
The inclusion of Vietnamese artists’ works, through an internationally recognized competition like the UOB Painting of the Year, into the esteemed Southeast Asian art collection of a reputable regional bank such as UOB, will create a profound and positive transformation in the landscape of national art development in the future. This event holds significance not only for the individual award-winning artists but also carries a larger scope for the entire Vietnamese art ecosystem.
Firstly, the selection and ownership of an artwork by a prestigious organization like UOB will confer international recognition. The art collections of major banks such as UOB, Deutsche Bank, or UBS are not merely assets but also play a crucial role in shaping the history and value of contemporary art. UOB is also one of the few banks in the region with its own art collection, including works by UOB Painting of the Year award-winning artists from across Southeast Asia. This not only demonstrates UOB’s appreciation for outstanding artworks but also affirms the bank’s role as a visionary collecting institution, contributing to the preservation and promotion of contemporary art’s value. When a Vietnamese artist’s work is added to this collection, it is not only preserved in a professional environment but also becomes accessible to international experts, researchers, and the public. This will help elevate the position and influence of Vietnamese art on the global art map, breaking down geographical and linguistic barriers.
Secondly, this event will strongly encourage confidence, innovation, and professionalization within the Vietnamese artistic community. Witnessing their peers achieve success through international platforms will motivate other artists to pursue professional creative paths, invest in the quality of their works, and seek opportunities beyond national borders. This fosters a dynamic, healthily competitive, and more integrated art environment, where artists can learn and grow alongside international art trends.
Furthermore, the presence of Vietnamese artworks in a prestigious regional collection will open doors for deeper international collaboration. Museums, galleries, collectors, and scholars from around the world will show greater interest in Vietnamese art, seeking opportunities for exhibitions, research, or investment. This not only creates economic opportunities but also serves as a bridge for cultural exchange, helping Vietnamese art be embraced and appreciated by a broader audience, while also offering new perspectives to artists within the country.
Beyond just a competition, the UOB Painting of the Year 2025 in Vietnam is a crucial strategic step, creating positive and far-reaching impacts for the sustainable development of Vietnamese art in the future. It contributes to building a solid foundation for Vietnamese art to be not only a part of cultural heritage but also a dynamic force in the professional art market, helping to shape the future of regional and global art.
Related information
UOB Painting of the Year – Third year in Vietnam
Deadline for submission: 23:59, 31 July 2025
Results will be notified by phone or email before 23 Aug 2025
Preliminary round entries should be submitted under digital photos format here
Contact information: Please contact via email [email protected] or hotline 033 550 5308 for inquiries.
