Cloud web hosting is faster. It is also more functional and offers (theoretically) unlimited resources. Moreover, scalability is top in this hosting modality. Let us see it in more detail. You should use VP hosting if more control over all the variables that impact the performance of your site is needed. Of course, you must have the technical training and experience to configure everything by yourself. The functionality of VPS hosting is better than in shared hosting. It is less costly than a dedicated server. However, it offers a similar level of flexibility. A VPS performs well for the majority of websites. However, when traffic conditions demand more resources, the performance may suffer. You must remember that the physical server has its limitations. Unfortunately, scaling up the hardware and the capabilities to handle large traffic is not so easy in Latvia VPS hosting.
Contrastingly, cloud hosting is highly scalable. This is possible because the resources that your website can access are located in different physical machines. Theoretically, unlimited virtual machines are available for your site to use. A network of physical servers supports these virtual machines.
You can regard this architecture as a gigantic VPS. Hence, cloud hosting is the best solution to satisfy the demand for more bandwidth to cope with a surge of traffic. And this is why a website hosted in a cloud is much faster than one on Moldova VPS.