diff --git a/projects/hip/VERSION b/projects/hip/VERSION
index 0db853aa34..e93ce47d76 100644
--- a/projects/hip/VERSION
+++ b/projects/hip/VERSION
@@ -1,6 +1,6 @@
 #HIP_VERSION_MAJOR
 5
 #HIP_VERSION_MINOR
-5
+7
 #HIP_VERSION_PATCH
 0
diff --git a/projects/hip/bin/hipvars.pm b/projects/hip/bin/hipvars.pm
index bea4ec71ce..0f180ca7a1 100644
--- a/projects/hip/bin/hipvars.pm
+++ b/projects/hip/bin/hipvars.pm
@@ -26,7 +26,7 @@ use Cwd;
 use File::Basename;
 
 $HIP_BASE_VERSION_MAJOR = "5";
-$HIP_BASE_VERSION_MINOR = "5";
+$HIP_BASE_VERSION_MINOR = "7";
 $HIP_BASE_VERSION_PATCH = "0";
 
 #---