HANOI, Dec. 12 (Xinhua) -- A slowdown in purchasing power and abundant supply of pigs have led to a decline in live pig prices in Vietnam, local media reported on Monday.

The country's supply was abundant as 16 large pig-raising enterprises, which altogether accounted for nearly half of the total pork supply to the market, have maintained good production and farmers across the country have over 28 million pigs in stock, local newspaper Vietnam News reported.

Prices of live pigs in Vietnam fluctuated from 52,000 to 56,000 Vietnamese dong (2.2 U.S. dollars to 2.4 dollars) per kg in the end of November, around 2,000-3,000 Vietnamese dong (0.08 dollars to 0.13 dollars) per kg lower than the previous month, it said.

The demand for pork may increase around the country's Tet (Lunar New Year) holidays early next year, which would push up pork prices, the newspaper cited the Ministry of Agriculture and Rural Development as saying.