diff --git a/integration/localnet/Makefile b/integration/localnet/Makefile
index 30af385fae3..a2a035f4a93 100644
--- a/integration/localnet/Makefile
+++ b/integration/localnet/Makefile
@@ -22,7 +22,11 @@ LOGLEVEL=DEBUG
 
 # The Git commit hash
 COMMIT=$(shell git rev-parse HEAD)
-VERSION=localnetbuild
+
+# The version to include in container builds. Must be semver compliant
+ifeq ($(VERSION),)
+	VERSION := $(shell git describe --tags --abbrev=2 --match "v*" 2>/dev/null)-localnetbuild
+endif
 
 CURRENT_DIRECTORY=$(shell pwd)