diff --git a/README.md b/README.md
index 1c3a62904..f4a266755 100644
--- a/README.md
+++ b/README.md
@@ -106,4 +106,4 @@ is provided by code that been generated from a model of the service.
 
 This library is licensed under the [Apache 2.0 License](./documents/LICENSE).
 
-Latest released version: v1.30.3
+Latest released version: v1.31.0
diff --git a/VERSION b/VERSION
index b0f33908d..34aae156b 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-1.30.3
+1.31.0