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Foreign direct investment is an economic engine that can rapidly drive economic development,divided into two cases: foreign direct investment abroad（FDI）and the issue of outward foreign direct investment（OFDI）.Most countries mainly focus on promoting foreign direct investment in the home country.Thailand is one of the countries that has concentrated on attracting inward foreign direct investment also.However,after the 1997 Asian economic crisis,Thailand’s government policy has been changed to focus more on promoting and supporting potential Thai entrepreneurs to invest abroad,especially in the CLMV（Cambodia,Laos,Myanmar,and Vietnam）.CLMV’s economy has continued to grow remarkably with an average annual growth rate of 7% over the years even the world economy was slow down.CLMV’s economy grows higher than Thai and ASEAN economies.This is the Thai firm’s opportunity to expand its investment to CLMV,a market with a high potential and growth rate.CLMV also has low production costs,abundant natural resources,and location advantage according to market-seeking theory（Dunning,1993）.This research aims to study the factors influencing the outward direct investment from Thailand to CLMV 4 countries using macroeconomics variables to analyze,including GDP per capita,exchange rate,employment rate,individual internet access,natural resource rent,regulatory quality,and trade openness.We employ the Fixed Effect（FE）panel data for the most recent period,2005-2019.This study tries to detect influencing Thailand’s OFDI factors as the pull and push factors.Besides we provide useful CLMV’s investment information,such as a current situation,investment privileges,customer behavior,investment opportunities and risks,and government policy suggestions.The result of panel data analysis shows that the host country’s GDP per capita,employment rate,individual internet access,and natural resource rent are positively significant to Thailand’s outward FDI.These factors can be considered as pull factors from host countries that attracting Thailand’s outward foreign investment.Vice versa Thailand’s push factor is trade openness that enhances Thailand’s outward foreign direct investment in CLMV.Besides,there is exchange rate can be both pull and push factors.