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Getting moto license/buying new moto (Ho Chi Minh City)

I just moved to Saigon and want to buy a new 125cc moto. I have been told I cannot buy a new moto as a foreigner and need to have a local person from Saigon buy it in their name. Is this true, is there any way around this?

Also, can I get my driver's license? I have a motorcycle license from Wisconsin. I have heard that I can go on a Sunday (where I'm not sure), bring my work permit and visa, have my license translated for $5 and take a driving test to get my license, true?