diff --git a/src/Make_mvc.mak b/src/Make_mvc.mak
index 99dcb29..d51d976 100644
--- a/src/Make_mvc.mak
+++ b/src/Make_mvc.mak
@@ -356,6 +356,9 @@
 !if "$(TERMINAL)" == "yes"
 TERMINAL_OBJ   = $(OBJDIR)/terminal.obj
 TERMINAL_DEFS  = -DFEAT_TERMINAL
+!if $(MSVC_MAJOR) <= 11
+TERMINAL_DEFS = $(TERMINAL_DEFS) /I if_perl_msvc
+!endif
 TERMINAL_SRC   = terminal.c
 VTERM_LIB      = libvterm/vterm.lib
 !endif
@@ -1154,7 +1157,7 @@
 
 $(VIM).exe: $(OUTDIR) $(OBJ) $(GUI_OBJ) $(CUI_OBJ) $(OLE_OBJ) $(OLE_IDL) $(MZSCHEME_OBJ) \
 		$(LUA_OBJ) $(PERL_OBJ) $(PYTHON_OBJ) $(PYTHON3_OBJ) $(RUBY_OBJ) $(TCL_OBJ) \
-		$(CSCOPE_OBJ) $(TERMINAL_OBJ) $(NETBEANS_OBJ) $(CHANNEL_OBJ) $(XPM_OBJ) \
+		$(CSCOPE_OBJ) $(TERMINAL_OBJ) $(NETBEANS_OBJ) $(CHANNEL_OBJ) $(XPM_OBJ) $(VTERM_LIB) \
 		version.c version.h
 	$(CC) $(CFLAGS) version.c
 	$(link) $(LINKARGS1) -out:$(VIM).exe $(OBJ) $(GUI_OBJ) $(CUI_OBJ) $(OLE_OBJ) \
@@ -1549,7 +1552,7 @@
 
 libvterm/vterm.lib :
 	cd libvterm
-	$(MAKE) /NOLOGO -f Makefile.msc
+	$(MAKE) /NOLOGO -f Makefile.msc "MSVC_MAJOR=$(MSVC_MAJOR)"
 	cd ..
 
 # vim: set noet sw=8 ts=8 sts=0 wm=0 tw=0: