Conversion of heavy oil to more useful light oil is becoming increasingly important. Mild hydrocracking (MHC) in a hydrodesulfurization unit is a potential method. Although higher reaction temperature will accelerate the hydrocracking, coke deposition on catalyst would increase as a side reaction. Our previous study found that Zn+P doped NiMo/γ-Al2O3 catalyst could reduce the coke deposition and suppress catalyst deactivation. Therefore, we investigated Zn+P doped Co/Mo catalysts for MHC of VGO to suppress coke deposition. In addition, P, Zn and Zn+P doped γ-Al2O3 supports were prepared to evaluate the acidity and hydrogen activation ability on these surfaces. Deactivation of Zn+P doped catalyst was more suppressed than that of the P doped catalyst. Zn may decrease the number of Brønsted acid sites and improve hydrogen activation ability. The naphtha content in the product oil from Zn+P doped catalyst was less than that for P doped catalyst. Lower naphtha yield probably depended on the reduced number of Brønsted acid sites. Furthermore, the product oil from Zn+P doped catalyst had a lower aromatic content. Hydrogenation of the feedstock was promoted because Zn additive increased the activation of hydrogen. These characteristics all depended on the surface properties.