Movie Studio does have the ability to import projects from the old discontinued Vegas Movie Studio .vf project file however it will only the basic cuts only, effects etc used are not imported.
The program is not capable of emulating the old Vegas product however there is a list of tutorials here which will help you move over the the new version if you wish to continue with it, you will also find that the Movie Studio 2022 has more features and capability then the older version.
The tutorials refer to Movie Edit Pro, upon which Movie Studio 18 was based, however they do apply to Movie Studio. The 2 products have been merged and rebranded into one product Magix Movie Studio.
One significant difference between the tutorials and Movie Studio 2022 is the merging of the Size & Position and Rotation effect into one, and the reference point for rotation is now the centre of the screen and video/image - there also additional features in controlling the video/image object - if you are used to using an image editor the effect should be familiar in operation.