BankBoston Corp. said it was chosen by the State Bank of Vietnam to assist in restructuring the government's $900 million of foreign commercial bank debt.

Vietnam agreed in principle with its commercial creditors on a so-called Brady deal to restructure its debt, securing the forgiveness of 50% of its commercial bank debt.

In a press release, BankBoston said Peter Allen, managing director and head of emerging markets research, will be principal adviser to the Vietnamese government. Mr. Allen previously was financial adviser to the governments of Poland and Panama.

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