diff --git a/docs/INSTALL.rst b/docs/INSTALL.rst
index 2f1cc97..a4b4984 100644
--- a/docs/INSTALL.rst
+++ b/docs/INSTALL.rst
@@ -54,7 +54,7 @@
 
 The first step is to obtain the source code for ``NFD`` and, its main dependency, the
 ``ndn-cxx`` library.  If you are not planning to work with the bleeding edge code, make
-sure you checkout the correct release tag (e.g., ``*-0.6.6``) for both repositories:
+sure you checkout the correct release tag (e.g., ``*-0.7.0``) for both repositories:
 
 ::
 
diff --git a/docs/release-notes-latest.rst b/docs/release-notes-latest.rst
index 8f9f39a..0901573 120000
--- a/docs/release-notes-latest.rst
+++ b/docs/release-notes-latest.rst
@@ -1 +1 @@
-release-notes/release-notes-0.6.6.rst
\ No newline at end of file
+release-notes/release-notes-0.7.0.rst
\ No newline at end of file
diff --git a/docs/release-notes/release-notes-0.7.0.rst b/docs/release-notes/release-notes-0.7.0.rst
new file mode 100644
index 0000000..e04ec09
--- /dev/null
+++ b/docs/release-notes/release-notes-0.7.0.rst
@@ -0,0 +1,44 @@
+NFD version 0.7.0
+-----------------
+
+Release date: January 13, 2020
+
+New features
+^^^^^^^^^^^^
+
+- Support only `NDN packet format version 0.3 <https://named-data.net/doc/NDN-packet-spec/0.3/>`__
+  (:issue:`4805`, :issue:`4581`, :issue:`4913`)
+
+- Initial support for ``PitToken`` (:issue:`4532`)
+
+- Random Forwarding Strategy that chooses a random outgoing face, excluding the incoming
+  face of an Interest packet (:issue:`4992`)
+
+Improvements and bug fixes
+^^^^^^^^^^^^^^^^^^^^^^^^^^
+
+- Avoid ``cs::Entry`` construction during Content Store lookup (:issue:`4914`)
+
+- Make use of ndn-cxx's ``RttEstimator`` in ``LpReliability``, ``AsfStrategy``, and
+  ``AccessStrategy`` (:issue:`4887`)
+
+- Increase pcap buffer size in Ethernet faces (:issue:`2441`)
+
+- Make congestion marking less aggressive (:issue:`5003`). The updated implementation is
+  closer to the CoDel algorithm (RFC 8289)
+
+- Pull ``FaceTable`` construction out of ``Forwarder`` class (:issue:`4922`, :issue:`4973`)
+
+- Enable direct certificate fetch in ``RibManager`` (:issue:`2237`)
+
+- Refuse to start NFD if both ``localhop_security`` and ``auto_prefix_propagate`` are
+  enabled in the configuration file (:issue:`4989`)
+
+- Fix crash in self-learning strategy when the out-record of a PIT
+  entry does not exist (:issue:`5022`)
+
+- Use a separate validator and a separate configuration section in ``nfd.conf`` for prefix
+  announcements (:issue:`5031`).  The default configuration will accept any prefix
+  announcement.
+
+- Documentation improvements
diff --git a/docs/releases.rst b/docs/releases.rst
index a83ed73..5a53613 100644
--- a/docs/releases.rst
+++ b/docs/releases.rst
@@ -5,6 +5,7 @@
    :hidden:
    :maxdepth: 1
 
+   release-notes/release-notes-0.7.0
    release-notes/release-notes-0.6.6
    release-notes/release-notes-0.6.5
    release-notes/release-notes-0.6.4
@@ -24,6 +25,12 @@
    release-notes/release-notes-0.2.0
    release-notes/release-notes-0.1.0
 
+* **NFD version 0.7.0**
+  (:doc:`Release Notes <release-notes/release-notes-0.7.0>`, `Documentation <https://named-data.net/doc/NFD/0.7.0/>`__)
+
+  `src (git) <https://github.com/named-data/NFD/releases/tag/NFD-0.7.0>`__,
+  `src (tarball) <https://named-data.net/downloads/nfd-0.7.0.tar.bz2>`__ (`checksum <https://named-data.net/downloads/nfd-0.7.0.tar.bz2.sha256>`__)
+
 * **NFD version 0.6.6**
   (:doc:`Release Notes <release-notes/release-notes-0.6.6>`, `Documentation <https://named-data.net/doc/NFD/0.6.6/>`__)
 
diff --git a/wscript b/wscript
index 1357ce8..7bf7069 100644
--- a/wscript
+++ b/wscript
@@ -26,7 +26,7 @@
 from waflib import Context, Logs, Utils
 import os, subprocess
 
-VERSION = '0.6.6'
+VERSION = '0.7.0'
 APPNAME = 'nfd'
 BUGREPORT = 'https://redmine.named-data.net/projects/nfd'
 URL = 'https://named-data.net/doc/NFD/'