diff --git a/README.md b/README.md
index d85047010..9dbe8d5ec 100644
--- a/README.md
+++ b/README.md
@@ -140,4 +140,4 @@ 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: v1.33.0
+Latest released version: v1.34.0
diff --git a/VERSION b/VERSION
index 7aa332e41..2b17ffd50 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-1.33.0
+1.34.0