[Vuejs]-Babel error: Module build fails when I try to compile my front-end assets with Laravel Mix

After being stuck on this for almost 24 hours, I finally found the solution.

Just in case, if you happen to stumble across this due to having the same issue. Please check out vuejs + babel-loader this.setDynamic is not a function. The issue is that the Babel documentation is not very clear. However, you issue should be solved if you follow the suggested answer accurately. Thanks.