diff --git a/v.mod b/v.mod
index 7d0775e963..c9915b87f3 100644
--- a/v.mod
+++ b/v.mod
@@ -1,7 +1,7 @@
 Module {
 	name: 'V'
 	description: 'The V programming language.'
-	version: '0.3.5'
+	version: '0.4.0'
 	license: 'MIT'
 	repo_url: 'https://github.com/vlang/v'
 	dependencies: []
diff --git a/vlib/semver/v.mod b/vlib/semver/v.mod
index 5dd90c92c0..9dce2a1406 100644
--- a/vlib/semver/v.mod
+++ b/vlib/semver/v.mod
@@ -1,5 +1,5 @@
 Module {
 	name:    'semver'
-	version: '0.3.5'
+	version: '0.4.0'
     deps:    []
 }
diff --git a/vlib/v/util/version/version.v b/vlib/v/util/version/version.v
index 4a8738fcb2..82f3126b9b 100644
--- a/vlib/v/util/version/version.v
+++ b/vlib/v/util/version/version.v
@@ -2,7 +2,7 @@ module version
 
 import os
 
-pub const v_version = '0.3.5'
+pub const v_version = '0.4.0'
 
 // vhash() returns the build string C.V_COMMIT_HASH . See cmd/tools/gen_vc.v .
 pub fn vhash() string {
diff --git a/vlib/v/vmod/parser_test.v b/vlib/v/vmod/parser_test.v
index ad017dc66f..09582f8825 100644
--- a/vlib/v/vmod/parser_test.v
+++ b/vlib/v/vmod/parser_test.v
@@ -8,7 +8,7 @@ fn test_ok() {
 	ok_source := "Module {
 	name: 'V'
 	description: 'The V programming language.'
-	version: '0.3.5'
+	version: '0.7.7'
 	license: 'MIT'
 	repo_url: 'https://github.com/vlang/v'
 	dependencies: []
@@ -18,7 +18,7 @@ fn test_ok() {
 		content := vmod.decode(s)?
 		assert content.name == 'V'
 		assert content.description == 'The V programming language.'
-		assert content.version == '0.3.5'
+		assert content.version == '0.7.7'
 		assert content.license == 'MIT'
 		assert content.repo_url == 'https://github.com/vlang/v'
 		assert content.dependencies == []