diff --git a/kubernetes/dcaegen2-services/components/dcae-ves-collector/values.yaml b/kubernetes/dcaegen2-services/components/dcae-ves-collector/values.yaml
index 2ee3eb2..526d750 100644
--- a/kubernetes/dcaegen2-services/components/dcae-ves-collector/values.yaml
+++ b/kubernetes/dcaegen2-services/components/dcae-ves-collector/values.yaml
@@ -41,7 +41,7 @@
 # Application configuration defaults.
 #################################################################
 # application image
-image: onap/org.onap.dcaegen2.collectors.ves.vescollector:1.11.1
+image: onap/org.onap.dcaegen2.collectors.ves.vescollector:1.12.3
 pullPolicy: Always
 
 # log directory where logging sidecar should look for log files