Disclosed herein are a method, an apparatus and a storage medium for image encoding/decoding using a binary mask. An encoding method includes generating a latent vector using an input image, generating a selected latent vector component set using a binary mask, and generating a main bitstream by performing entropy encoding on the selected latent vector component set. A decoding method includes generating a selected latent vector component set including one or more selected latent vector components by performing entropy decoding on a main bitstream and generating the latent vector in which the one or more selected latent vector components are relocated by relocating the selected latent vector component set in the latent vector.