Vacuum laser beam welding (VLBW) exhibits better welding characteristics, e.g., deep penetration, less pore, and spatter generation, compared with the conventional laser welding technique under atmospheric pressure. Low ambient pressure affects the vaporization temperature of the base material and the interaction between laser and plasma plume, which affects the behaviors of laser-induced plasma plume, keyhole, and weld pool flow. This review introduces improvements in welding characteristics such as penetration depth, pore, and spatter generation in the VLBW process. The effect of ambient pressure on welding characteristics was reviewed, and the behavior of laser-induced plume, keyhole, and molten pool under reduced ambient pressure was discussed to understand the mechanisms for enhanced weldability.