Is this KVM VPS too slow?

dd if=/dev/zero of=iotest bs=64k count=16k conv=fdatasync && rm -rf iotest 16384+0 records in 16384+0 records out 1073741824 bytes (1.1 GB) copied, 108.094 s, 9.9 MB/s

This is a 1024MB KVM VPS, this is very slow I think