diff --git a/packages/vee-validate/src/types.ts b/packages/vee-validate/src/types.ts
index b65a4294d..26c4f97bf 100644
--- a/packages/vee-validate/src/types.ts
+++ b/packages/vee-validate/src/types.ts
@@ -61,6 +61,7 @@ export interface PrivateFieldComposite<TValue = unknown> {
   setValidationState(state: ValidationResult): void;
   setTouched(isTouched: boolean): void;
   setErrors(message: string | string[]): void;
+  setValue(value: TValue): void;
 }
 
 export type FieldComposable<TValue = unknown> = Omit<PrivateFieldComposite<TValue>, 'idx' | 'fid'>;
diff --git a/packages/vee-validate/src/useField.ts b/packages/vee-validate/src/useField.ts
index ead79c3b5..f35cda140 100644
--- a/packages/vee-validate/src/useField.ts
+++ b/packages/vee-validate/src/useField.ts
@@ -184,6 +184,10 @@ export function useField<TValue = unknown>(
     watchValue();
   }
 
+  function setValue(newValue: TValue) {
+    value.value = newValue;
+  }
+
   const field: PrivateFieldComposite<TValue> = {
     idx: -1,
     fid,
@@ -207,6 +211,7 @@ export function useField<TValue = unknown>(
     setValidationState,
     setTouched,
     setErrors,
+    setValue,
   };
 
   provide(FieldContextSymbol, field);
diff --git a/packages/vee-validate/src/useFieldValue.ts b/packages/vee-validate/src/useFieldValue.ts
index cb8648558..85aa9662e 100644
--- a/packages/vee-validate/src/useFieldValue.ts
+++ b/packages/vee-validate/src/useFieldValue.ts
@@ -11,11 +11,25 @@ export function useFieldValue<TValue = unknown>(path?: MaybeRef<string>) {
   // We don't want to use self injected context as it doesn't make sense
   const field = path ? undefined : inject(FieldContextSymbol);
 
-  return computed(() => {
+  const value = computed(() => {
     if (path) {
-      return getFromPath(form?.values, unref(path)) as TValue | undefined;
+      return getFromPath(form?.values, unref(path)) as TValue;
     }
 
-    return field?.value?.value as TValue | undefined;
+    return field?.value?.value as TValue;
   });
+
+  function setValue(newValue: TValue) {
+    if (path) {
+      form?.setFieldValue(unref(path), newValue);
+      return;
+    }
+
+    field?.setValue(newValue);
+  }
+
+  return {
+    value,
+    setValue,
+  };
 }
diff --git a/packages/vee-validate/src/useFormValues.ts b/packages/vee-validate/src/useFormValues.ts
index b705c4068..0f1e768af 100644
--- a/packages/vee-validate/src/useFormValues.ts
+++ b/packages/vee-validate/src/useFormValues.ts
@@ -12,7 +12,21 @@ export function useFormValues<TValues extends Record<string, unknown> = Record<s
     warn('No vee-validate <Form /> or `useForm` was detected in the component tree');
   }
 
-  return computed(() => {
+  const values = computed(() => {
     return form?.values || ({} as Partial<TValues>);
   });
+
+  function setFieldValue(path: string, value: any) {
+    form?.setFieldValue(path, value);
+  }
+
+  function setValues(values: Partial<TValues>) {
+    form?.setValues(values as any);
+  }
+
+  return {
+    values,
+    setFieldValue,
+    setValues,
+  };
 }
diff --git a/packages/vee-validate/tests/useFieldValue.spec.ts b/packages/vee-validate/tests/useFieldValue.spec.ts
index e78cb64e6..8c5967c94 100644
--- a/packages/vee-validate/tests/useFieldValue.spec.ts
+++ b/packages/vee-validate/tests/useFieldValue.spec.ts
@@ -12,16 +12,18 @@ describe('useFieldValue()', () => {
       setup() {
         useForm();
         const { value } = useField('test', validate);
-        const currValue = useFieldValue('test');
+        const { value: currValue, setValue } = useFieldValue('test');
 
         return {
           value,
           currValue,
+          setValue,
         };
       },
       template: `
       <input name="field" v-model="value" />
       <span>{{ currValue }}</span>
+      <button @click="setValue('5')"></button>
     `,
     });
 
@@ -32,13 +34,19 @@ describe('useFieldValue()', () => {
     setValue(input as any, inputValue);
     await flushPromises();
     expect(valueSpan?.textContent).toBe(inputValue);
+
+    // test value setting
+    const btn = document.querySelector('button');
+    btn?.click();
+    await flushPromises();
+    expect(input?.value).toBe('5');
   });
 
-  test('gives access to a single field value in a child component with specifying a path', async () => {
+  test('gives access to a single field value in a child component without specifying a path', async () => {
     const CustomErrorComponent = defineComponent({
       template: '<span>{{ value }}</span>',
       setup() {
-        const value = useFieldValue();
+        const { value } = useFieldValue();
 
         return {
           value,
@@ -76,7 +84,7 @@ describe('useFieldValue()', () => {
     mountWithHoc({
       setup() {
         useForm();
-        const value = useFieldValue('something');
+        const { value } = useFieldValue('something');
 
         return {
           value,
@@ -95,7 +103,7 @@ describe('useFieldValue()', () => {
   test('returns undefined if form is not found', async () => {
     mountWithHoc({
       setup() {
-        const value = useFieldValue('something');
+        const { value } = useFieldValue('something');
 
         return {
           value,
diff --git a/packages/vee-validate/tests/useFormValues.spec.ts b/packages/vee-validate/tests/useFormValues.spec.ts
index 95eca01f0..e9f958aa3 100644
--- a/packages/vee-validate/tests/useFormValues.spec.ts
+++ b/packages/vee-validate/tests/useFormValues.spec.ts
@@ -11,7 +11,7 @@ describe('useFormValues()', () => {
       setup() {
         useForm();
         const { value } = useField('test', validate);
-        const values = useFormValues();
+        const { values } = useFormValues();
 
         return {
           value,
@@ -33,12 +33,72 @@ describe('useFormValues()', () => {
     expect(valueSpan?.textContent).toBe(inputValue);
   });
 
+  test('can set a single field value', async () => {
+    mountWithHoc({
+      setup() {
+        useForm();
+        const { value } = useField('test', validate);
+        const { values, setFieldValue } = useFormValues();
+
+        return {
+          value,
+          values,
+          setFieldValue,
+        };
+      },
+      template: `
+      <input name="field" v-model="value" />
+      <span>{{ values.test }}</span>
+      <button @click="setFieldValue('test', '5')"></button>
+    `,
+    });
+
+    await flushPromises();
+    const btn = document.querySelector('button');
+    const input = document.querySelector('input');
+    const valueSpan = document.querySelector('span');
+    btn?.click();
+    await flushPromises();
+    expect(valueSpan?.textContent).toBe('5');
+    expect(input?.value).toBe('5');
+  });
+
+  test('can set multiple fields values', async () => {
+    mountWithHoc({
+      setup() {
+        useForm();
+        const { value } = useField('test', validate);
+        const { values, setValues } = useFormValues();
+
+        return {
+          value,
+          values,
+          setValues,
+        };
+      },
+      template: `
+      <input name="field" v-model="value" />
+      <span>{{ values.test }}</span>
+      <button @click="setValues({ 'test': '5' })"></button>
+    `,
+    });
+
+    await flushPromises();
+    const btn = document.querySelector('button');
+    const input = document.querySelector('input');
+    const valueSpan = document.querySelector('span');
+    btn?.click();
+    await flushPromises();
+    expect(valueSpan?.textContent).toBe('5');
+    expect(input?.value).toBe('5');
+  });
+
   test('returns empty object and warns if form is not found', async () => {
     const spy = jest.spyOn(console, 'warn').mockImplementation();
 
     mountWithHoc({
       setup() {
-        const values = useFormValues();
+        const { values } = useFormValues();
 
         return {
           values,