Example of simple and effective method for generation of a random password VB .Net

Public Function GeneratePassword(ByVal PwdLength As Integer) As String
    Dim _allowedChars As String = "abcdefghijkmnopqrstuvwxyzABCDEFGHJKLMNOPQRSTUVWXYZ0123456789"
    Dim rndNum As New Random()
    Dim chars(PwdLength - 1) As Char
    Dim strLength As Integer = _allowedChars.Length
    For i As Integer = 0 To PwdLength - 1
        chars(i) = _allowedChars.Chars(CInt(Fix((_allowedChars.Length) * rndNum.NextDouble())))
    Next i
    Return New String(chars)
End Function