spyder: The program can't start because VCRUNTIME140_1.dll is missing from your computer

Issue Report Checklist

• Searched the issues page for similar reports
• Read the relevant sections of the Spyder Troubleshooting Guide and followed its advice
• Reproduced the issue after updating with conda update spyder (or pip, if not using Anaconda)
• Could not reproduce inside jupyter qtconsole (if console-related)
• Tried basic troubleshooting (if a bug/error)
  • Restarted Spyder
  • Reset preferences with spyder --reset
  • Reinstalled the latest version of Anaconda
  • Tried the other applicable steps from the Troubleshooting Guide
• Completed the Problem Description, Steps to Reproduce and Version sections below

Reporters note: most of the check boxes above does not apply to using the Spyder_64bit_full

“The program can’t start because VCRUNTIME140_1.dll is missing from your computer” when running Spyder

What steps reproduce the problem?

1. Create a fresh Windows 2016 VM
2. Download and install latest Spyder_64bit_full. I was using whatever was the latest on 3/9/2021.
3. Run Spyder

What is the expected output? What do you see instead?

This is what I am seeing when I tried to run Spyder

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QtWebEngineProcess.exe - System Error
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The program can't start because VCRUNTIME140_1.dll is missing from your computer. Try reinstalling the program to fix this problem. 
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OK   
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Paste Traceback/Error Below (if applicable)

PASTE TRACEBACK HERE

Versions

• Spyder version: 4.2.3
• Python version:
• Qt version:
• PyQt version:
• Operating System name/version:

Dependencies

PASTE DEPENDENCIES HERE

Workaround

Install VC++ Redist