Install Python https://code.visualstudio.com/docs/python/python-tutorial

Install required Python extensions from vscode extensions

Setup environment (as below or from cmd or pyshell)

Install pip python -m pip install python -m pip install --upgrade pip

A>> Create virtual environment in VSCode https://learnpython.com/blog/how-to-use-virtualenv-python/

About VirtualEnv:
virtualenv is a tool that allows you to create virtual environments in Python and manage Python packages. It helps you avoid installing packages globally; global installations can result in breaking some system tools or other packages.

Steps:
1> Installation
pip install --upgrade pip
pip --version
pip install virtualenv

2> Create Virtual Env
virtualenv -p python3 mytest

3> Python virtual environment, you need to activate it. 
.\mytest\Scripts\activate

4> Check that you are in your Python virtual environment
where python

B>> Create a Python Requirements File: https://learnpython.com/blog/python-requirements-file/ Python requirements files are a great way to keep track of the Python modules. It is a simple text file that saves a list of the modules and packages required by your project. By creating a Python requirements.txt file, you save yourself the hassle of having to track down and install all of the required modules manually.

pip list --outdated    #check outdated version first
pip install -U <packagename>
pip freeze > requirements.txt  #to create and update the Python requirements file.
pip install -U -r requirements.txt  #It is also possible to upgrade everything with 
python -m pip check    #check for missing dependencies
pip check  #always do to check any broken lib in requirment

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