Vingroup, which has interests in real estate, retail, hotels, e-commerce, healthcare, education, agriculture and car manufacturing among others, said in a statement on Sunday it had officially decided to invest in its higher education brand VinUni.

“The mission of VinUni is to train elite human resources who are equipped with the knowledge, skills, life experience and aspirations needed to contribute to the prosperity of our society and have a positive impact on the world’s knowledge,” said Le Mai Lan, vice chairwoman of Vingroup.

According to Lan, VinUni already has detailed plans in place for strategic cooperation with the world’s leading universities, including Ivy League institutions such as Cornell University or the University of Pennsylvania.

Vingroup’s university will be developed to meet evaluation criteria of credible university rankings such as Quacquarelli Symonds or Times Higher Education.

“VinUni will be focused on the three disciplines of business, technology and health sciences,” Lan said, adding that the first university of Vingroup will be headquartered in Hanoi.

Construction of the university is expected to break ground in 2018, with admissions beginning as early as in 2020, the vice chairwoman said.

Vingroup is Vietnam’s fifth-biggest company by market value.

The conglomerate already has investments in the education sector through its VinSchool network, which consists of schools offering education from elementary to senior high in Vietnam.