A vision system for a vehicle includes a driver-side exterior mirror assembly having a driver-side camera for capturing driver-side image data and a passenger-side exterior mirror assembly having a passenger-side camera for capturing passenger-side image data. A video display disposed at the vehicle displays video images derived from image data captured by the driver-side and passenger-side cameras. The video display includes a driver-side display portion and a passenger-side display portion. The driver-side display portion of the video display displays video images derived from driver-side image data captured by the driver-side camera and does not display video images derived from any passenger-side image data captured by the passenger-side camera. The passenger-side display portion of the video display displays video images derived from passenger-side image data captured by the passenger-side camera and does not display video images derived from any driver-side image data captured by the driver-side camera.