The variations of runoff and sediment flux are important factors influencing the socioeconomic development of Thailand. Based on the dataset of runoff and sediment flux during 1980-2014 at the Ubon hydrological station in the lower Mun River, a tributary of the Mekong River, the temporal variations of runoff and sediment flux were analyzed with the linear regression method, Mann-Kendall test, and wavelet transform method. The driving forces for the variations of runoff and sediment flux were discussed. The results showed that annual runoff in the Mun River basin increased slightly, while the sediment flux presented a decreasing trend. The changes of sediment flux and runoff were consistent before 2000. However, the sediment flux significantly decreased after 2000. During the study period, both the runoff and sediment flux during the flood seasons showed decrease trend. The abrupt change points of runoff and sediment flux did not occur in the same year, which were in 1999, 2006 and 2011 for runoff and in 1986, 1999 and 2011 for sediment, respectively. The main cycles of runoff amount were 14, 8 and 4 years, respectively, while those of sediment flux were 32, 12, 9 and 4 years, respectively. Except for the 32-year cycle of sediment flux, the main cycles of runoff and sediment flux were almost similar and both were mainly related to the Southern Oscillation, polar movement, sunspot activity, and other factors. There was a significant correlation between monthly runoff and sediment flux. Sea-air interaction and human activity were important factors influencing runoff and sediment flux in the Mun River basin. El Nino and La Nina were closely related to rainfall which in turn affected the runoff and sediment flux in the basin. Since 2000, the construction area increased and the forest area decreased, which increased the runoff in the basin, while the reservoirs and other engineering measures reduced the runoff and sediment flux, and thus offset the impact of decreased forest lands on sediment flux.