Cannot load MVC4 Web project in VS 2017 or VS 2019

I have a web project, it could load fine in VS15, but in VS2019 it’s failing, saying the project is incompatible. The migration report contains the following message: ========== .csproj: The application which this project type is based on was not found. Please try this link for further information:

To resolve it:

1. Open a .csproj file using a text editor such as Visual Studio Code or notepad

2. Find the code <ProjectTypeGuids> {E3E379DF-F4C6-4180-9B81-6769533ABE47}; {349c5851-65df-11da-9384-00065b846f21}; {fae04ec0-301f-11d3-bf4b-00c04f79efbc} ProjectTypeGuids>

3. Delete the code section {E3E379DF-F4C6-4180-9B81-6769533ABE47}  and save the file.

4. Re-open the solution.