The prime minister will travel to the capital Vientiane on Wednesday for the ASEAN-Australia Summit and East Asia Summit.
He will meet with leaders and business representatives to discuss how to boost trade and investment.
Myanmar has been ravaged by conflict since the military seized control from Aung San Suu Kyi's government in 2021.
An estimated three million people have been displaced by the unrest, resulting in calls for the 10-member Association of Southeast Asian Nations (ASEAN) to play a key role in ending the civil war.
Australian National University senior lecturer Gregory Raymond said it was a good opportunity for the prime minister to meet with some of the new ASEAN leaders.
"Australia values ASEAN because it's proven to be effective in maintaining peaceful relations in our part of the world for a long period of time," said Dr Raymond, from the university's Strategic and Defence Studies Centre.
Mr Albanese will get the chance to raise key concerns when he meets with Chinese Premier Li Qiang. (Lukas Coch/AAP PHOTOS)
He said the crisis in Myanmar and issues relating to territorial disputes in the South China Sea would likely be discussed.
Dr Raymond said the Israel-Hamas war could lead to some disagreement between the Muslim and non-Muslim countries on the conflict.
He said a meeting with Chinese Premier Li Qiang would give Australia the opportunity to raise remaining trade sanctions imposed by Beijing, in addition to the case of jailed Australian writer Dr Yang Hengjun.
Mr Albanese said Australia remained committed to working with partners to pursue a peaceful and stable region.
"We are also acting to grasp economic opportunities in a region of incredible vitality and promise," he said.
"Trade creates jobs for our nation and helps build our Future Made in Australia agenda.
"My government will continue to work closely with our partners to maximise opportunities for Australian businesses and workers within the region."
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