Salma Hayek - Vanity Fair Oscar Party

Salma Hayek is red hot as she arrives at the 2012 Vanity Fair Oscar Party held at Sunset Tower on Sunday (February 26) in West Hollywood, Calif.

The 45-year-old Mexican actress, who was spotted giving Oscar winner Octavia Spencer a big hug at party, wore a Yves Saint Laurent Framboise silk mousseline dress with wheat embroideries from Edition Soir 2012, a pair of Divine sandals in Framboise satin, and a black minaudiere with gold embroideries.

PHOTOS: Check out the latest pics of Salma Hayek

Earlier in the week, Salma unveiled her new milk mustache campaign with The Breakfast Project at the L’Ermitage Hotel in Beverly Hills, Calif.

Salma also recently attended the Goya Cinema Awards with her husband, Francois-Henri Pinault.