Disclosed in a delustered, thermally shrinkable polyvinyl chloride film which is obtained by extruding and orienting a polyvinyl chloride resin composition in which the polyvinyl chloride is a mixture of (A) a partially crosslinked polyvinyl chloride resin and (B) a non-crosslinked polyvinyl chloride resin in an (A)/(B) weight ratio of from 15/85 to 80/20; and in which the average polymerization degree of tetrahydrofuran-soluble portion of the polyvinyl chloride resin (B) is greater than that of tetrahydrofuran-soluble portion of the polyvinyl chloride resin (A).