diff --git a/Cargo.lock b/Cargo.lock
index 51a6e03626ef3..19db896af3887 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -9194,7 +9194,7 @@ checksum = "f1bddf1187be692e79c5ffeab891132dfb0f236ed36a43c7ed39f1165ee20191"
 
 [[package]]
 name = "vector"
-version = "0.30.0"
+version = "0.31.0"
 dependencies = [
  "apache-avro",
  "approx",
diff --git a/Cargo.toml b/Cargo.toml
index 6816650a3458f..efa84159fbc1c 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "vector"
-version = "0.30.0"
+version = "0.31.0"
 authors = ["Vector Contributors <vector@datadoghq.com>"]
 edition = "2021"
 description = "A lightweight and ultra-fast tool for building observability pipelines"