diff --git a/CHANGELOG.md b/CHANGELOG.md
index a6e352e55a..223b568641 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,7 @@
+# Polywrap Origin (0.9.5)
+## Bugs
+* [PR-1541](https://github.com/polywrap/toolchain/pull/1541) `polywrap` CLI: Update build images to use the latest multi-platform versions.
+
 # Polywrap Origin (0.9.4)
 ## Bugs
 * [PR-1372](https://github.com/polywrap/toolchain/pull/1372) `@polywrap/schema-parse`, `@polywrap/schema-compose`: Fixed a bug when importing type with map properties that use imported types.
diff --git a/packages/cli/src/lib/build-strategies/strategies/DockerVMStrategy.ts b/packages/cli/src/lib/build-strategies/strategies/DockerVMStrategy.ts
index 2f17d440d7..3c8cfc74c3 100644
--- a/packages/cli/src/lib/build-strategies/strategies/DockerVMStrategy.ts
+++ b/packages/cli/src/lib/build-strategies/strategies/DockerVMStrategy.ts
@@ -29,16 +29,19 @@ const DEFAULTS_DIR = path.join(
 export interface VMConfig {
   defaultIncludes: string[];
   baseImage: string;
+  version: string;
 }
 
 const CONFIGS: Record<BuildableLanguage, VMConfig> = {
   "wasm/rust": {
     defaultIncludes: ["Cargo.toml", "Cargo.lock"],
     baseImage: "polywrap/vm-base-rs",
+    version: "0.2.0",
   },
   "wasm/assemblyscript": {
     defaultIncludes: ["package.json", "package-lock.json", "yarn.lock"],
     baseImage: "polywrap/vm-base-as",
+    version: "0.1.0",
   },
 };
 
@@ -187,9 +190,9 @@ export class DockerVMBuildStrategy extends BuildStrategy<void> {
               this._volumePaths.project
             )}:/project -v ${path.resolve(
               this._volumePaths.linkedPackages
-            )}:/linked-packages ${cacheVolume} ${
-              CONFIGS[language].baseImage
-            }:latest /bin/bash --verbose /project/polywrap-build.sh`,
+            )}:/linked-packages ${cacheVolume} ${CONFIGS[language].baseImage}:${
+              CONFIGS[language].version
+            } /bin/bash --verbose /project/polywrap-build.sh`,
             this.project.logger,
             undefined,
             undefined,
@@ -206,9 +209,9 @@ export class DockerVMBuildStrategy extends BuildStrategy<void> {
               this._volumePaths.project
             )}:/project -v ${path.resolve(
               this._volumePaths.linkedPackages
-            )}:/linked-packages ${
-              CONFIGS[language].baseImage
-            }:latest /bin/bash -c "chmod -R 777 /project && chmod -R 777 /linked-packages"`,
+            )}:/linked-packages ${CONFIGS[language].baseImage}:${
+              CONFIGS[language].version
+            } /bin/bash -c "chmod -R 777 /project && chmod -R 777 /linked-packages"`,
             this.project.logger
           );
         } catch (e) {
diff --git a/packages/cli/src/lib/defaults/build-strategies/wasm/rust/image/Dockerfile.mustache b/packages/cli/src/lib/defaults/build-strategies/wasm/rust/image/Dockerfile.mustache
index 7a4190891c..01122fe11b 100644
--- a/packages/cli/src/lib/defaults/build-strategies/wasm/rust/image/Dockerfile.mustache
+++ b/packages/cli/src/lib/defaults/build-strategies/wasm/rust/image/Dockerfile.mustache
@@ -1,4 +1,4 @@
-FROM rust:1.60.0 as base
+FROM rust:1.66-alpine as base
 
 # Install the wasm32 rust build target
 RUN rustup target add wasm32-unknown-unknown
@@ -6,8 +6,10 @@ RUN rustup target add wasm32-unknown-unknown
 WORKDIR /build-deps
 
 # Install curl
-RUN apt-get update
-RUN apt-get -y install curl clang llvm build-essential
+RUN apk add curl pkgconfig openssl-dev bash
+
+# Install clang
+RUN apk add clang llvm build-base
 
 # Install wasm-opt
 RUN curl -L https://github.com/WebAssembly/binaryen/releases/download/version_101/binaryen-version_101-x86_64-linux.tar.gz | tar -xz \
@@ -16,16 +18,19 @@ RUN curl -L https://github.com/WebAssembly/binaryen/releases/download/version_10
     && rm -rf binary-version_101
 
 # Install the toml-cli
-RUN cargo install -f toml-cli
+RUN cargo install toml-cli
 
 # Install wasm-snip
-RUN cargo install -f wasm-snip
+RUN cargo install wasm-snip
 
 # Install wasm-bindgen
-RUN cargo install -f wasm-bindgen-cli
+RUN cargo install wasm-bindgen-cli
+
+# Install wasm-tools
+RUN cargo install wasm-tools
 
 # Install cargo-build-deps
-RUN cargo install -f cargo-build-deps
+RUN cargo install cargo-build-deps
 
 {{#polywrap_linked_packages.length}}
 WORKDIR /linked-packages
@@ -107,10 +112,15 @@ ENV WASM_INTERFACE_TYPES=1
 # Run wasm-bindgen over the module, replacing all placeholder __wbindgen_... imports
 RUN wasm-bindgen ./{{dir}}/target/wasm32-unknown-unknown/release/module.wasm --out-dir ./build --out-name bg_module.wasm
 
-RUN wasm-snip ./build/bg_module.wasm -o ./build/snipped_module.wasm && \
+# Run wasm-tools strip to remove the wasm-interface-types custom section
+RUN wasm-tools strip ./build/bg_module.wasm -d wasm-interface-types -o ./build/strip_module.wasm && \
     rm -rf ./build/bg_module.wasm
 
+# Run wasm-snip to trip down the size of the binary, removing any dead code
+RUN wasm-snip ./build/strip_module.wasm -o ./build/snipped_module.wasm && \
+    rm -rf ./build/strip_module.wasm
+
 # Use wasm-opt to perform the "asyncify" post-processing step over all modules
 RUN wasm-opt --asyncify -Os ./build/snipped_module.wasm -o ./build/wrap.wasm && \
     rm -rf ./build/snipped_module.wasm
-{{/polywrap_module}}
+{{/polywrap_module}}
\ No newline at end of file
diff --git a/packages/cli/src/lib/defaults/build-strategies/wasm/rust/local/local.sh b/packages/cli/src/lib/defaults/build-strategies/wasm/rust/local/local.sh
index ebc7f36f15..037f28aa09 100644
--- a/packages/cli/src/lib/defaults/build-strategies/wasm/rust/local/local.sh
+++ b/packages/cli/src/lib/defaults/build-strategies/wasm/rust/local/local.sh
@@ -1,27 +1,59 @@
 #!/bin/sh
+
+# Install the wasm32 rust build target
 rustup target add wasm32-unknown-unknown
-export RUSTFLAGS="-C link-arg=-z -C link-arg=stack-size=65536 -C link-arg=--import-memory"
+
+# Install the toml-cli
 cargo install toml-cli
+
+# Install wasm-snip
 cargo install wasm-snip
+
+# Install wasm-bindgen
 cargo install wasm-bindgen-cli
 
+# Install wasm-tools
+cargo install wasm-tools
+
+# Ensure the module at {{dir}} has the crate-type = ["cdylib"]
 toml set "$1"/Cargo.toml lib.crate-type ["cdylib"] > "$1"/Cargo-local.toml && \
-  rm -rf "$1"/Cargo.toml && \
+  mv "$1"/Cargo.toml "$1"/Cargo-bak.toml && \
   mv "$1"/Cargo-local.toml "$1"/Cargo.toml
 
 # Clean up artifacts left by the toml CLI program ("["cdylib"]" -> ["cdylib"])
-sed -i 's/"\[cdylib\]"/\["cdylib"\]/g' "$1"/Cargo.toml
+sed -i .bak 's/"\[cdylib\]"/\["cdylib"\]/g' "$1"/Cargo.toml && \
+  rm -rf "$1"/Cargo.toml.bak
 
 # Ensure the package name = "module"
 toml set "$1"/Cargo.toml package.name "module" > "$1"/Cargo-local.toml && \
   rm -rf "$1"/Cargo.toml && \
   mv "$1"/Cargo-local.toml "$1"/Cargo.toml
 
+# Ensure the Wasm module is configured to use imported memory
+export RUSTFLAGS="-C link-arg=-z -C link-arg=stack-size=65536 -C link-arg=--import-memory"
+
+# Build the module
 cargo build --manifest-path "$1"/Cargo.toml \
   --target wasm32-unknown-unknown --release
+
+# Replace the modified Cargo.toml with the backup
+rm -rf "$1"/Cargo.toml && mv "$1"/Cargo-bak.toml "$1"/Cargo.toml
+
+# Enable the "WASM_INTERFACE_TYPES" feature, which will remove the __wbindgen_throw import.
+# See: https://github.com/rustwasm/wasm-bindgen/blob/7f4663b70bd492278bf0e7bba4eeddb3d840c868/crates/cli-support/src/lib.rs#L397-L403
 export WASM_INTERFACE_TYPES=1
+
+# Run wasm-bindgen over the module, replacing all placeholder __wbindgen_... imports
 wasm-bindgen "$1"/target/wasm32-unknown-unknown/release/module.wasm --out-dir "$2" --out-name bg_module.wasm
-wasm-snip "$2"/bg_module.wasm -o "$2"/snipped_module.wasm && \
-  rm -rf "$2"/bg_module.wasm
+
+# Run wasm-tools strip to remove the wasm-interface-types custom section
+wasm-tools strip "$2"/bg_module.wasm -d wasm-interface-types -o "$2"/strip_module.wasm
+rm -rf "$2"/bg_module.wasm
+
+# Run wasm-snip to trip down the size of the binary, removing any dead code
+wasm-snip "$2"/strip_module.wasm -o "$2"/snipped_module.wasm
+rm -rf "$2"/strip_module.wasm
+
+# Use wasm-opt to perform the "asyncify" post-processing step over all modules
 npx wasm-opt --asyncify -Os "$2"/snipped_module.wasm -o "$2"/wrap.wasm
-  rm -rf "$2"/snipped_module.wasm
\ No newline at end of file
+rm -rf "$2"/snipped_module.wasm
\ No newline at end of file
diff --git a/packages/cli/src/lib/defaults/build-strategies/wasm/rust/vm/Dockerfile b/packages/cli/src/lib/defaults/build-strategies/wasm/rust/vm/Dockerfile
index 35b5b569e6..5bafd2dc07 100644
--- a/packages/cli/src/lib/defaults/build-strategies/wasm/rust/vm/Dockerfile
+++ b/packages/cli/src/lib/defaults/build-strategies/wasm/rust/vm/Dockerfile
@@ -1,4 +1,4 @@
-FROM rust:1.60.0 as base
+FROM rust:1.66-alpine as base
 
 # Install the wasm32 rust build target
 RUN rustup target add wasm32-unknown-unknown
@@ -6,8 +6,10 @@ RUN rustup target add wasm32-unknown-unknown
 WORKDIR /build-deps
 
 # Install curl
-RUN apt-get update
-RUN apt-get -y install curl clang llvm build-essential
+RUN apk add curl pkgconfig openssl-dev bash
+
+# Install clang
+RUN apk add clang llvm build-base
 
 # Install wasm-opt
 RUN curl -L https://github.com/WebAssembly/binaryen/releases/download/version_101/binaryen-version_101-x86_64-linux.tar.gz | tar -xz \
@@ -16,18 +18,25 @@ RUN curl -L https://github.com/WebAssembly/binaryen/releases/download/version_10
     && rm -rf binary-version_101
 
 # Install the toml-cli
-RUN cargo install -f toml-cli
+RUN cargo install toml-cli
 
 # Install wasm-snip
-RUN cargo install -f wasm-snip
+RUN cargo install wasm-snip
 
 # Install wasm-bindgen
-RUN cargo install -f wasm-bindgen-cli
+RUN cargo install wasm-bindgen-cli
+
+# Install wasm-tools
+RUN cargo install wasm-tools
 
 # Install cargo-build-deps
-RUN cargo install -f cargo-build-deps
+RUN cargo install cargo-build-deps
 
+# Ensure the Wasm module is configured to use imported memory
 ENV RUSTFLAGS="-C link-arg=-z -C link-arg=stack-size=65536 -C link-arg=--import-memory"
+
+# Enable the "WASM_INTERFACE_TYPES" feature, which will remove the __wbindgen_throw import.
+# See: https://github.com/rustwasm/wasm-bindgen/blob/7f4663b70bd492278bf0e7bba4eeddb3d840c868/crates/cli-support/src/lib.rs#L397-L403
 ENV WASM_INTERFACE_TYPES=1
 
 WORKDIR /project
diff --git a/packages/cli/src/lib/defaults/build-strategies/wasm/rust/vm/vm-script.mustache b/packages/cli/src/lib/defaults/build-strategies/wasm/rust/vm/vm-script.mustache
index ca0987fc89..cac5d38515 100644
--- a/packages/cli/src/lib/defaults/build-strategies/wasm/rust/vm/vm-script.mustache
+++ b/packages/cli/src/lib/defaults/build-strategies/wasm/rust/vm/vm-script.mustache
@@ -1,6 +1,7 @@
 set -e
 
 {{#polywrap_linked_packages.length}}
+# Link any local packages
 {{#polywrap_linked_packages}}
 toml set ./{{#polywrap_module}}{{dir}}{{/polywrap_module}}/Cargo.toml dependencies.{{name}}.path /linked-packages/{{name}} > ./{{#polywrap_module}}{{dir}}{{/polywrap_module}}/Cargo-local.toml
   rm -rf ./{{#polywrap_module}}{{dir}}{{/polywrap_module}}/Cargo.toml
@@ -9,26 +10,39 @@ toml set ./{{#polywrap_module}}{{dir}}{{/polywrap_module}}/Cargo.toml dependenci
 {{/polywrap_linked_packages.length}}
 
 {{#polywrap_module}}
+# Ensure the module at {{dir}} has the crate-type = ["cdylib"]
 toml set ./{{dir}}/Cargo.toml lib.crate-type ["cdylib"] > ./{{dir}}/Cargo-local.toml
 rm -rf ./{{dir}}/Cargo.toml
 mv ./{{dir}}/Cargo-local.toml ./{{dir}}/Cargo.toml
+
+# Clean up artifacts left by the toml CLI program ("["cdylib"]" -> ["cdylib"])
 sed -i 's/\"\[cdylib\]\"/\[\"cdylib\"\]/g' ./{{dir}}/Cargo.toml
 
+# Ensure the package name = "module"
 toml set ./{{dir}}/Cargo.toml package.name "module" > ./{{dir}}/Cargo-local.toml
 rm -rf ./{{dir}}/Cargo.toml
 mv ./{{dir}}/Cargo-local.toml ./{{dir}}/Cargo.toml
 
+# Build the module
 cargo build --manifest-path ./{{dir}}/Cargo.toml \
     --target wasm32-unknown-unknown --release
 
+# Make the build directory
 rm -rf ./build
 mkdir ./build
 
+# Run wasm-bindgen over the module, replacing all placeholder __wbindgen_... imports
 wasm-bindgen ./{{dir}}/target/wasm32-unknown-unknown/release/module.wasm --out-dir ./build --out-name bg_module.wasm
 
-wasm-snip ./build/bg_module.wasm -o ./build/snipped_module.wasm
+# Run wasm-tools strip to remove the wasm-interface-types custom section
+wasm-tools strip ./build/bg_module.wasm -d wasm-interface-types -o ./build/strip_module.wasm
 rm -rf ./build/bg_module.wasm
 
+# Run wasm-snip to trip down the size of the binary, removing any dead code
+wasm-snip ./build/strip_module.wasm -o ./build/snipped_module.wasm
+rm -rf ./build/strip_module.wasm
+
+# Use wasm-opt to perform the "asyncify" post-processing step over all modules
 wasm-opt --asyncify -Os ./build/snipped_module.wasm -o ./build/wrap.wasm
 rm -rf ./build/snipped_module.wasm
 {{/polywrap_module}}
\ No newline at end of file