The best universities will be ranked Class 1, the worst Class 3 and the rest Class 2.
The categorisations will be made once every 10 years, while the ranking will be made once every two years.
This follows a decree issued by the government which took effect on October 25. MOET representatives said university ranking and classification is a necessity as it helps set clear goals for university development.
So far 200 out of 210 universities and colleges have completed the self-accreditation process.