It is known that the relaxation of the shape fluctuations of nearly spherical lipid vesicles is accompanied by a lateral displacement of the monolayers, comprising their bilayers. In this work a dissipation mechanism of the mechanical energy stored in the fluctuation is revealed that concerns the viscous friction of the flow in the liquid around the vesicle caused by this displacement. The time correlation functions of each of the vesicle's fluctuation modes are calculated as a function of the mechanical and rheological properties of the system which are the tension of the vesicle bilayer, its bending elasticities at free and blocked flip-flop, the viscosities of the liquids bathing the bilayer, the friction coefficient between the two monolayers, as well as the vesicle's dimensions: its bilayer thickness and radius. The correlations of the shape fluctuations of nearly spherical emulsion droplets are also calculated for different viscosities of the liquid inside and outside the droplet.