In the update of its Asian Development Outlook released on December 12, the bank said inflation rate in Vietnam is expected to hit 4% in 2018 and 4.5% next year.
The bank maintained its 2018 and 2019 economic growth estimates for Asia at 6% and 5.8%, respectively.
The ADB also kept its 6.6% and 6.3% growth projections for China as well as its 7.3% and 7.6% growth expectations for India for both years.
The 2019 growth outlook for Central Asia was raised to 4.3%, from the September projection of 4.2%, the ADB said, but the forecasts for Southeast Asia and South Asia for next year were lowered to 5.1% and 7.1%, respectively.
Lower international commodity prices and central bank action to calm market volatility means inflation in developing Asia is forecast to be 2.6% in 2018 and 2.7% in 2019, down from 2.8% previously forecast for both this year and next year, it said.
