This is the Buddhist deity Guanyin or Goddess of Mercy. She has eleven heads so she can hear the cries of all beings (not only humans). A thousand arms each containing a single eye allow her see the difficulties and to help those who are suffering.
This statue along with many others sit on the second floor of the Viet Nam Quoc Tu Pagoda in Saigon. Thanks to the cute and funny Phan Tran Hong Tram for enthusiastically sharing her culture and wonderful city with us for the day.