Road networks are considered as one of the most important transport infrastructure systems, since they attain the economic and social prosperity of modern societies. For this reason, it is vital to improve the resiliency of road networks in order to function normally under daily stressors and recover quickly after natural disasters such as an earthquake event. In the last decades, vulnerability assessment studies for road networks and their assets gained great attention among the research community. This literature review includes a brief introduction about seismic vulnerability assessment, followed by the roadway assets damage and their damage states, and then the main typologies for the vulnerability assessment of roadway assets. Moreover, it focuses on available assessment methods, which were proposed to quantify the vulnerability of road networks and its assets. These methods are divided into two main categories, physical and traffic-based approaches. Methods based on fragility functions and vulnerability indexes were investigated in physical approach for roadways and its assets. On the other hand, accessibility and link importance index were explored in traffic-based approach for road networks. This paper reviews and comments the most common vulnerability assessment methods for road networks and its assets and points out their advantages and disadvantages. The main gaps and needs are identified and recommendations for future studies are provided.