A method of manufacturing a galvanized steel sheet includes a two-stage temperature raising process which includes: primary heating the sheet from 200° C. to an intermediate temperature of 500 to 800° C. at a primary average heating rate of 5 to 50° C./second at an excess air ratio of 1.10 to 1.20 maintained up to the intermediate temperature; secondary heating the sheet from the intermediate temperature to an annealing temperature of 730 to 900° C. at a secondary average heating rate of 0.1 to 10° C./second at an excess air ratio of less than 1.10 maintained up to the annealing temperature; holding the sheet to the annealing temperature for 10 to 500 seconds; cooling the sheet to 450 to 550° C. at an average cooling rate of 1 to 30° C./second; and subjecting the sheet to a galvanizing process and, optionally, an alloying process.