diff --git a/bazel/repository_locations.bzl b/bazel/repository_locations.bzl
index 5f01139bb6998..18aeb6e928332 100644
--- a/bazel/repository_locations.bzl
+++ b/bazel/repository_locations.bzl
@@ -830,11 +830,11 @@ REPOSITORY_LOCATIONS_SPEC = dict(
         project_name = "wasmtime",
         project_desc = "A standalone runtime for WebAssembly",
         project_url = "https://github.com/bytecodealliance/wasmtime",
-        version = "0.35.2",
-        sha256 = "9dcb51313f9d6a67169f70759411cddf511000b0372e57532e638441100aac9c",
+        version = "0.38.1",
+        sha256 = "8cb4ed3f14a1b054ff36e7017c056f10a28b57673f21d7548354fd40f2f02b3b",
         strip_prefix = "wasmtime-{version}",
         urls = ["https://github.com/bytecodealliance/wasmtime/archive/v{version}.tar.gz"],
-        release_date = "2022-03-31",
+        release_date = "2022-06-27",
         use_category = ["dataplane_ext"],
         extensions = ["envoy.wasm.runtime.wasmtime"],
         cpe = "cpe:2.3:a:bytecodealliance:wasmtime:*",
@@ -1119,8 +1119,8 @@ REPOSITORY_LOCATIONS_SPEC = dict(
         project_name = "WebAssembly for Proxies (C++ host implementation)",
         project_desc = "WebAssembly for Proxies (C++ host implementation)",
         project_url = "https://github.com/proxy-wasm/proxy-wasm-cpp-host",
-        version = "828e44a3b7078a377b7a414ede356dca0c8977ff",
-        sha256 = "7668f3dc84c9c3b124c7292128e8ef4e0a3ace395d695666288c421aa30f6257",
+        version = "0746300de0c645f6a87a5fc51954c6fdb86bb7e6",
+        sha256 = "6a2d1bd5a378c16e1d2b739a7fc1565d492f3280866f72919ca86ab7bd9a7948",
         strip_prefix = "proxy-wasm-cpp-host-{version}",
         urls = ["https://github.com/proxy-wasm/proxy-wasm-cpp-host/archive/{version}.tar.gz"],
         use_category = ["dataplane_ext"],
@@ -1136,7 +1136,7 @@ REPOSITORY_LOCATIONS_SPEC = dict(
             "envoy.wasm.runtime.wavm",
             "envoy.wasm.runtime.wasmtime",
         ],
-        release_date = "2022-05-04",
+        release_date = "2022-07-12",
         cpe = "N/A",
     ),
     proxy_wasm_rust_sdk = dict(