MS Word from VB.NET

I have the following form with code:

Imports Word = Microsoft.Office.Interop.Word 
Public Class Form1
    **Dim oWord as New Word.Application()** 
    Private Sub Form1_Load(sender As Object, e As EventArgs) Handles MyBase.Load
        Dim oDoc As Word.Document = oWord.Documents.Add()
        dim oParas = oDoc.Paragraphs 
        dim oPara = oParas.Add() 
        dim oParaRng = oPara.Range 
        oParaRng.Text = "Heading 1" 
        dim oFont = oParaRng.Font 
        oFont.Bold = 1 
        oParaRng.InsertParagraphAfter() 

        dim oBookmarkRng = oDoc.Bookmarks.Item("\endofdoc").Range 


        Dim oTable = oDoc.Tables.Add(oBookmarkRng, 5, 2) 
        oTable.Range.ParagraphFormat.SpaceAfter = 6 


        For r As Integer = 1 To 5 
            For c As Integer = 1 To 2 
                oTable.Cell(r, c).Range.Text = "r" & r & "c" & c 
            Next 
        Next 

        ' Change width of columns 1 & 2 
        oTable.Columns(1).Width = oWord.InchesToPoints(2) 
        oTable.Columns(2).Width = oWord.InchesToPoints(3) 
        oDoc.Close() 
        oWord.Quit(False) 

    End Sub
End Class

Copied from the internet, since I have tried different ways to make the connection and in all the tested I get the error (On the line marked with ** or in bold letters) below:

  

An exception of type 'System.Runtime.InteropServices.COMException' occurred in mscorlib.dll but was not controlled in the user's code

     

Additional information: The COM class generator for the component with CLSID {000209FF-0000-0000-C000-000000000046} could not be retrieved due to the following error: 80080005

     

Error in server execution (HRESULT exception: 0x80080005 (CO_E_SERVER_EXEC_FAILURE)).

In other cases (Testing) it tells me that it can not create the activex control.

What can be wrong, or what I have not done to make this work?

My environment is: Windows 10 64 Bits. Visual Studio 2015 and Office 2013