diff --git a/Cargo.lock b/Cargo.lock
index bdfc5b7bf..5489a3397 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -179,7 +179,7 @@ checksum = "baf1de4339761588bc0619e3cbc0120ee582ebb74b53b4efbf79117bd2da40fd"
 
 [[package]]
 name = "cloud-hypervisor"
-version = "30.0.0"
+version = "30.1.0"
 dependencies = [
  "anyhow",
  "api_client",
diff --git a/Cargo.toml b/Cargo.toml
index 4f1fa48da..7617a5a10 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "cloud-hypervisor"
-version = "30.0.0"
+version = "30.1.0"
 authors = ["The Cloud Hypervisor Authors"]
 edition = "2021"
 default-run = "cloud-hypervisor"
diff --git a/release-notes.md b/release-notes.md
index a2daa4231..3977bfb37 100644
--- a/release-notes.md
+++ b/release-notes.md
@@ -1,3 +1,4 @@
+- [v30.1](#v301)
 - [v30.0](#v300)
     - [Command Line Changes for Reduced Binary Size](#command-line-changes-for-reduced-binary-size)
     - [Basic vfio-user Server Support](#basic-vfio-user-server-support)
@@ -268,6 +269,20 @@
     - [Unit testing](#unit-testing)
     - [Integration tests parallelization](#integration-tests-parallelization)
 
+# v30.1
+
+This is a bug fix release. The following issues have been addressed:
+
+* Ignore and warn TAP FDs sent via the HTTP request body (#5350)
+* Properly preserve and close valid FDs for TAP devices (#5373)
+* Only use `KVM_ARM_VCPU_PMU_V3` if available (#5360)
+* Only touch the tty flags if it's being used (#5343)
+* Fix seccomp filter lists for vhost-user devices (#5361)
+* Fix the offset setting while removing the entire mapping of
+  `vhost-user` FS client (#5235)
+* Fix the `ShutdownVmm` and `Shutdown` commands to call the correct API
+  endpoint (#5322)
+
 # v30.0
 
 This release has been tracked in our [roadmap
diff --git a/vm-migration/src/lib.rs b/vm-migration/src/lib.rs
index 8dbc611f1..7fc60c431 100644
--- a/vm-migration/src/lib.rs
+++ b/vm-migration/src/lib.rs
@@ -13,7 +13,7 @@ pub mod protocol;
 
 /// Global VMM version for versioning
 const MAJOR_VERSION: u16 = 30;
-const MINOR_VERSION: u16 = 0;
+const MINOR_VERSION: u16 = 1;
 const VMM_VERSION: u16 = MAJOR_VERSION << 12 | MINOR_VERSION & 0b1111;
 
 pub trait VersionMapped {