From what I remember, no.
The issue here is how x64 emulation or ARM64 works. Unlike x86, x64 uses the ARM64 native libraries with extra entry points to satisfy dependencies for x64 applications. So, the VC Redistributable has to take into account that it can be installed on x64 systems or ARM64 systems.
The older x64 redistributables that didn't take this into account actually broke the redistributable on ARM64 systems.