A rear-view mirror assembly for a vehicle includes a housing having an opening and a fixed reflector mounted to edges of the opening. A tilting reflector is disposed in the housing in parallel to the fixed reflector or inclined so that an upper end of the tilting reflector tilts rearward at an angle around a lower end of the tilting reflector to decrease light reflectance. A tilting plate has a front surface thereof attached to the tilting reflector and a lower end thereof mounted to a bottom surface of the housing. A tilting link is mounted between the tilting plate and the housing. A cam is mounted to the bottom surface of the housing to rotate the tilting link and comprises a link protrusion formed at a lower end of the tilting link and a tilting operating lever attached to a lower end of the cam.