same error message here, you are not the only one :) , the problem persists even after I installed the latest VS C++ environment software package.
by the way, I then played another Ureal Engine based game, it also prompted same error message but the good thing is the game files already have the required VS C++ installer so it just started installing it and then try downloading something else that is also required, after everything is done, I can play that game! maybe this can help?