diff --git a/CHANGES b/CHANGES
index 35bfb91c4..2476e8861 100644
--- a/CHANGES
+++ b/CHANGES
@@ -1,3 +1,8 @@
+Version 9.8.0-1:
+Date + Time 2022-12-15
+=============================================================
+Bumping the version
+
 Version 9.7.2-1:
 Date + Time 2022-11-14
 =============================================================
diff --git a/configure.ac b/configure.ac
index 072e5b869..2518dae51 100644
--- a/configure.ac
+++ b/configure.ac
@@ -13,8 +13,8 @@ dnl===-----------------------------------------------------------------------===
 # Update version number here:
 #
 define([prj_ver_major], 9)
-define([prj_ver_minor], 7)
-define([prj_ver_revision], 2)
+define([prj_ver_minor], 8)
+define([prj_ver_revision], 0)
 define([prj_ver_release], esyscmd([echo ${PRJ_RELEASE:=0}]))
 
 
diff --git a/contrib/scripts/libvma.spec.in b/contrib/scripts/libvma.spec.in
index dfb81eb67..b00fff456 100644
--- a/contrib/scripts/libvma.spec.in
+++ b/contrib/scripts/libvma.spec.in
@@ -187,7 +187,7 @@ fi
 %{_mandir}/man8/vma_stats.*
 
 %changelog
-* Mon Nov 14 2022 NVIDIA CORPORATION <networking-support@nvidia.com> 9.7.2-1
-- Bump version to 9.7.2
+* Thu Dec 15 2022 NVIDIA CORPORATION <networking-support@nvidia.com> 9.8.0-1
+- Bump version to 9.8.0
 - Please refer to CHANGES for full changelog.