diff --git a/crates/swc_html_codegen/src/lib.rs b/crates/swc_html_codegen/src/lib.rs
index a3a6cfde025..7d88a60cc6b 100644
--- a/crates/swc_html_codegen/src/lib.rs
+++ b/crates/swc_html_codegen/src/lib.rs
@@ -655,11 +655,9 @@ where
 
                 attribute.push_str(&minifier);
             } else {
-                let quote = if value.contains('"') { '\'' } else { '"' };
+                let normalized = normalize_attribute_value(value);
 
-                attribute.push(quote);
-                attribute.push_str(value);
-                attribute.push(quote);
+                attribute.push_str(&normalized);
             }
         }
 
@@ -671,26 +669,16 @@ where
         if self.ctx.skip_escape_text {
             write_str!(self, n.span, &n.value);
         } else {
-            let mut data = String::new();
+            let mut data = String::with_capacity(n.value.len());
 
             if self.ctx.need_extra_newline_in_text && n.value.contains('\n') {
                 data.push('\n');
             }
 
-            for c in n.value.chars() {
-                match c {
-                    '&' => {
-                        data.push_str(&String::from("&"));
-                    }
-                    '<' => {
-                        data.push_str(&String::from("&lt;"));
-                    }
-                    '>' => {
-                        data.push_str(&String::from("&gt;"));
-                    }
-                    '\u{00A0}' => data.push_str(&String::from("&nbsp;")),
-                    _ => data.push(c),
-                }
+            if self.config.minify {
+                data.push_str(&minify_text(&n.value));
+            } else {
+                data.push_str(&escape_string(&n.value, false));
             }
 
             write_str!(self, n.span, &data);
@@ -699,7 +687,7 @@ where
 
     #[emitter]
     fn emit_comment(&mut self, n: &Comment) -> Result {
-        let mut comment = String::new();
+        let mut comment = String::with_capacity(n.data.len() + 7);
 
         comment.push_str("<!--");
         comment.push_str(&n.data);
@@ -1023,7 +1011,7 @@ fn minify_attribute_value(value: &str) -> String {
         return "\"\"".to_string();
     }
 
-    let mut minified = String::new();
+    let mut minified = String::with_capacity(value.len());
 
     let mut unquoted = true;
     let mut dq = 0;
@@ -1031,6 +1019,11 @@ fn minify_attribute_value(value: &str) -> String {
 
     for c in value.chars() {
         match c {
+            '&' => {
+                minified.push_str("&amp;");
+
+                continue;
+            }
             c if c.is_ascii_whitespace() => {
                 unquoted = false;
             }
@@ -1063,6 +1056,75 @@ fn minify_attribute_value(value: &str) -> String {
     }
 }
 
+fn normalize_attribute_value(value: &str) -> String {
+    if value.is_empty() {
+        return "\"\"".to_string();
+    }
+
+    let mut normalized = String::with_capacity(value.len() + 2);
+
+    normalized.push('"');
+    normalized.push_str(&escape_string(value, true));
+    normalized.push('"');
+
+    normalized
+}
+
+fn minify_text(value: &str) -> String {
+    let mut result = String::with_capacity(value.len());
+
+    for c in value.chars() {
+        match c {
+            '&' => {
+                result.push_str("&amp;");
+            }
+            '<' => {
+                result.push_str("&lt;");
+            }
+            _ => result.push(c),
+        }
+    }
+
+    result
+}
+
+// Escaping a string (for the purposes of the algorithm above) consists of
+// running the following steps:
+//
+// 1. Replace any occurrence of the "&" character by the string "&amp;".
+//
+// 2. Replace any occurrences of the U+00A0 NO-BREAK SPACE character by the
+// string "&nbsp;".
+//
+// 3. If the algorithm was invoked in the attribute mode, replace any
+// occurrences of the """ character by the string "&quot;".
+//
+// 4. If the algorithm was not invoked in the attribute mode, replace any
+// occurrences of the "<" character by the string "&lt;", and any occurrences of
+// the ">" character by the string "&gt;".
+fn escape_string(value: &str, is_attribute_mode: bool) -> String {
+    let mut result = String::with_capacity(value.len());
+
+    for c in value.chars() {
+        match c {
+            '&' => {
+                result.push_str("&amp;");
+            }
+            '\u{00A0}' => result.push_str("&nbsp;"),
+            '"' if is_attribute_mode => result.push_str("&quot;"),
+            '<' if !is_attribute_mode => {
+                result.push_str("&lt;");
+            }
+            '>' if !is_attribute_mode => {
+                result.push_str("&gt;");
+            }
+            _ => result.push(c),
+        }
+    }
+
+    result
+}
+
 fn is_html_tag_name(namespace: Namespace, tag_name: &str) -> bool {
     if namespace != Namespace::HTML {
         return false;
diff --git a/crates/swc_html_codegen/tests/fixture.rs b/crates/swc_html_codegen/tests/fixture.rs
index 71fa8694894..e2c744f6b7f 100644
--- a/crates/swc_html_codegen/tests/fixture.rs
+++ b/crates/swc_html_codegen/tests/fixture.rs
@@ -395,10 +395,19 @@ fn test_indent_type_option(input: PathBuf) {
     );
 }
 
-// TODO minified verification
 #[testing::fixture("../swc_html_parser/tests/fixture/**/*.html")]
 fn parser_verify(input: PathBuf) {
     verify_document(&input, None, None, None, false);
+    verify_document(
+        &input,
+        None,
+        None,
+        Some(CodegenConfig {
+            scripting_enabled: false,
+            minify: true,
+        }),
+        false,
+    );
 }
 
 #[testing::fixture(
@@ -408,16 +417,48 @@ fn parser_verify(input: PathBuf) {
         "document_type/wrong-name/input.html",
         "text/cr-charref-novalid/input.html",
         "element/foreign-context/input.html",
+        "element/a-4/input.html",
+        "element/b-3/input.html",
+        "element/template-1/input.html",
     )
 )]
 fn parser_recovery_verify(input: PathBuf) {
-    verify_document(&input, None, None, None, true);
+    verify_document(
+        &input,
+        None,
+        None,
+        Some(CodegenConfig {
+            scripting_enabled: false,
+            minify: true,
+        }),
+        true,
+    );
 }
 
-// TODO - remove exclude when we implement `raw`, `context_element` and etc
+// TODO - investigate, exclude some when we implement `raw`, `context_element`
 #[testing::fixture(
     "../swc_html_parser/tests/html5lib-tests-fixture/**/*.html",
     exclude(
+        "adoption01_dat/5.html",
+        "adoption01_dat/6.html",
+        "adoption01_dat/7.html",
+        "adoption01_dat/8.html",
+        "adoption02_dat/0.html",
+        "comments01_dat/15.html",
+        "template_dat/68.html",
+        "tests1_dat/68.html",
+        "tests1_dat/69.html",
+        "tests1_dat/70.html",
+        "tests1_dat/71.html",
+        "tests1_dat/87.html",
+        "tests15_dat/0.html",
+        "tests15_dat/1.html",
+        "tests15_dat/4.html",
+        "tests15_dat/5.html",
+        "tests18_dat/33.html",
+        "tests19_dat/1.html",
+        "tests19_dat/39.html",
+        "tests19_dat/97.html",
         "tests16_dat/131.html",
         "plain-text-unsafe_dat/0.html",
         "template_dat/107.html",
@@ -452,16 +493,31 @@ fn parser_recovery_verify(input: PathBuf) {
         "tests18_dat/7.html",
         "tests18_dat/8.html",
         "tests18_dat/9.html",
+        "tests19_dat/98.html",
         "tests19_dat/103.html",
+        "tests25_dat/2.html",
+        "tests25_dat/3.html",
+        "tests25_dat/4.html",
         "tests1_dat/103.html",
         "tests1_dat/30.html",
         "tests1_dat/77.html",
         "tests1_dat/90.html",
+        "tests2_dat/45.html",
+        "tests2_dat/46.html",
+        "tests7_dat/0.html",
+        "tests7_dat/1.html",
+        "tricky01_dat/6.html",
+        "webkit01_dat/21.html",
+        "webkit01_dat/22.html",
+        "webkit01_dat/24.html",
+        "webkit01_dat/25.html",
+        "webkit01_dat/28.html",
         "tests20_dat/41.html",
         "tests26_dat/2.html",
         "tests2_dat/12.html",
         "tests4_dat/3.fragment.style.html",
         "tests4_dat/4.fragment.plaintext.html",
+        "tests_innerHTML_1_dat/82.fragment.html.html",
     )
 )]
 fn html5lib_tests_verify(input: PathBuf) {
@@ -475,6 +531,10 @@ fn html5lib_tests_verify(input: PathBuf) {
         minify: false,
         scripting_enabled,
     };
+    let minified_codegen_config = CodegenConfig {
+        minify: true,
+        scripting_enabled,
+    };
 
     if file_stem.contains("fragment") {
         let mut context_element_namespace = Namespace::HTML;
@@ -515,12 +575,20 @@ fn html5lib_tests_verify(input: PathBuf) {
 
         verify_document_fragment(
             &input,
-            context_element,
+            context_element.clone(),
             Some(parser_config),
             None,
             Some(codegen_config),
             true,
         );
+        verify_document_fragment(
+            &input,
+            context_element,
+            Some(parser_config),
+            None,
+            Some(minified_codegen_config),
+            true,
+        );
     } else {
         verify_document(
             &input,
@@ -529,5 +597,12 @@ fn html5lib_tests_verify(input: PathBuf) {
             Some(codegen_config),
             true,
         );
+        verify_document(
+            &input,
+            Some(parser_config),
+            None,
+            Some(minified_codegen_config),
+            true,
+        );
     }
 }
diff --git a/crates/swc_html_codegen/tests/fixture/attribute/input.html b/crates/swc_html_codegen/tests/fixture/attribute/input.html
index 2f33b361bbc..72ce0b7b2f0 100644
--- a/crates/swc_html_codegen/tests/fixture/attribute/input.html
+++ b/crates/swc_html_codegen/tests/fixture/attribute/input.html
@@ -95,5 +95,61 @@ foo
 <div data-test='\foo' class='bar'>test</div>
 <div data-test='\\foo' class='bar'>test</div>
 
+<span title='test "with" &amp;quot;'>test</span>
+<span title='test "with" &amp; quot'>test</span>
+<span title='test "with" &amp;test'>test</span>
+<span title='test "with" &amptest'>test</span>
+<span title='test "with" &lt;'>test</span>
+<span title='test "with" &gt;'>test</span>
+<span title=foo>Test</span>
+<span title=foo<bar>Test</span>
+<span title="foo=bar">Test</span>
+<span title="foo>bar">Test</span>
+<span title='foo"bar'>Test</span>
+<span title="foo'bar">Test</span>
+
+<div>
+    &amp;quot;
+</div>
+
+<script>
+    let foo = "&amp;";
+</script>
+
+<style>
+    .class::before {
+        content: "&amp;";
+    }
+</style>
+
+<div>
+    foo & bar
+    foo&<i>bar</i>
+    foo&&& bar
+</div>
+
+<pre><code>Label current;
+// Load effective address of current instruction into rcx.
+__ leaq(rcx, Operand(&amp;current));
+__ bind(&amp;current);
+</code></pre>
+
+<div>
+    &amp;xxx; &amp;xxx &amp;thorn; &amp;thorn &amp;curren;t &amp;current &amp;current; &amp;&amp;
+    &amp;gt
+    &amp;unknown;
+    &#x00026;current
+    &#x00026;current;
+    &#38;current
+    &#38;current;
+
+    &oslash &osLash &Oslash
+    &amp;&oslash; &amp;&osLash; &amp;&Oslash;
+    &amp&oslash; &amp&osLash; &amp&Oslash;
+
+    &amp;oslash; &amp;osLash; &amp;Oslash;
+    &amposlash; &amposLash; &ampOslash;
+</div>
+
 </body>
 </html>
diff --git a/crates/swc_html_codegen/tests/fixture/attribute/output.html b/crates/swc_html_codegen/tests/fixture/attribute/output.html
index 33e704dcdc6..33dfe7d3281 100644
--- a/crates/swc_html_codegen/tests/fixture/attribute/output.html
+++ b/crates/swc_html_codegen/tests/fixture/attribute/output.html
@@ -49,7 +49,7 @@
 <a title="x" href=" ">foo</a>
 <p id="" class="" title="">x</p>
 <p x="x'">x</p>
-<p x='x"'>x</p>
+<p x="x&quot;">x</p>
 <a href="#"><p>Click me</p></a>
 <span><button>Hit me</button></span>
 <!--TODO FIX ME -->
@@ -68,20 +68,20 @@
 <div data-test="foo" class="bar">test</div>
 
 <div data-test="foo bar" class="bar">test</div>
-<div data-test='foo " bar' class="bar">test</div>
+<div data-test="foo &quot; bar" class="bar">test</div>
 <div data-test="foo ' bar" class="bar">test</div>
-<div data-test='foo " bar' class="bar">test</div>
+<div data-test="foo &quot; bar" class="bar">test</div>
 <div data-test="foo ' bar" class="bar">test</div>
 
-<div data-test='foo """ bar' class="bar">test</div>
+<div data-test="foo &quot;&quot;&quot; bar" class="bar">test</div>
 <div data-test="foo ''' bar" class="bar">test</div>
 
-<div data-test='"foo"' class="bar">test</div>
-<div data-test='"foo"' class="bar">test</div>
-<div data-test='"   foo   "' class="bar">test</div>
-<div data-test='"foo"' class="bar">test</div>
-<div data-test='"foo"' class="bar">test</div>
-<div data-test='"   foo   "' class="bar">test</div>
+<div data-test="&quot;foo&quot;" class="bar">test</div>
+<div data-test="&quot;foo&quot;" class="bar">test</div>
+<div data-test="&quot;   foo   &quot;" class="bar">test</div>
+<div data-test="&quot;foo&quot;" class="bar">test</div>
+<div data-test="&quot;foo&quot;" class="bar">test</div>
+<div data-test="&quot;   foo   &quot;" class="bar">test</div>
 <div data-test="'foo'" class="bar">test</div>
 <div data-test="'foo'" class="bar">test</div>
 <div data-test="
@@ -91,6 +91,62 @@ foo
 <div data-test="\foo" class="bar">test</div>
 <div data-test="\\foo" class="bar">test</div>
 
+<span title="test &quot;with&quot; &amp;quot;">test</span>
+<span title="test &quot;with&quot; &amp; quot">test</span>
+<span title="test &quot;with&quot; &amp;test">test</span>
+<span title="test &quot;with&quot; &amp;amptest">test</span>
+<span title="test &quot;with&quot; <">test</span>
+<span title="test &quot;with&quot; >">test</span>
+<span title="foo">Test</span>
+<span title="foo<bar">Test</span>
+<span title="foo=bar">Test</span>
+<span title="foo>bar">Test</span>
+<span title="foo&quot;bar">Test</span>
+<span title="foo'bar">Test</span>
+
+<div>
+    &amp;quot;
+</div>
+
+<script>
+    let foo = "&amp;";
+</script>
+
+<style>
+    .class::before {
+        content: "&amp;";
+    }
+</style>
+
+<div>
+    foo &amp; bar
+    foo&amp;<i>bar</i>
+    foo&amp;&amp;&amp; bar
+</div>
+
+<pre><code>Label current;
+// Load effective address of current instruction into rcx.
+__ leaq(rcx, Operand(&amp;current));
+__ bind(&amp;current);
+</code></pre>
+
+<div>
+    &amp;xxx; &amp;xxx &amp;thorn; &amp;thorn &amp;curren;t &amp;current &amp;current; &amp;&amp;
+    &amp;gt
+    &amp;unknown;
+    &amp;current
+    &amp;current;
+    &amp;current
+    &amp;current;
+
+    ø &amp;osLash Ø
+    &amp;ø &amp;&amp;osLash; &amp;Ø
+    &amp;ø &amp;&amp;osLash; &amp;Ø
+
+    &amp;oslash; &amp;osLash; &amp;Oslash;
+    &amp;oslash; &amp;osLash; &amp;Oslash;
+</div>
+
 
 
 </body></html>
\ No newline at end of file
diff --git a/crates/swc_html_codegen/tests/fixture/attribute/output.min.html b/crates/swc_html_codegen/tests/fixture/attribute/output.min.html
index 9dfeb0d95dc..8f548bd684a 100644
--- a/crates/swc_html_codegen/tests/fixture/attribute/output.min.html
+++ b/crates/swc_html_codegen/tests/fixture/attribute/output.min.html
@@ -89,5 +89,61 @@ foo
 <div data-test=\foo class=bar>test</div>
 <div data-test=\\foo class=bar>test</div>
 
+<span title='test "with" &amp;quot;'>test</span>
+<span title='test "with" &amp; quot'>test</span>
+<span title='test "with" &amp;test'>test</span>
+<span title='test "with" &amp;amptest'>test</span>
+<span title='test "with" <'>test</span>
+<span title='test "with" >'>test</span>
+<span title=foo>Test</span>
+<span title="foo<bar">Test</span>
+<span title="foo=bar">Test</span>
+<span title="foo>bar">Test</span>
+<span title='foo"bar'>Test</span>
+<span title="foo'bar">Test</span>
+
+<div>
+    &amp;quot;
+</div>
+
+<script>
+    let foo = "&amp;";
+</script>
+
+<style>
+    .class::before {
+        content: "&amp;";
+    }
+</style>
+
+<div>
+    foo &amp; bar
+    foo&amp;<i>bar</i>
+    foo&amp;&amp;&amp; bar
+</div>
+
+<pre><code>Label current;
+// Load effective address of current instruction into rcx.
+__ leaq(rcx, Operand(&amp;current));
+__ bind(&amp;current);
+</code></pre>
+
+<div>
+    &amp;xxx; &amp;xxx &amp;thorn; &amp;thorn &amp;curren;t &amp;current &amp;current; &amp;&amp;
+    &amp;gt
+    &amp;unknown;
+    &amp;current
+    &amp;current;
+    &amp;current
+    &amp;current;
+
+    ø &amp;osLash Ø
+    &amp;ø &amp;&amp;osLash; &amp;Ø
+    &amp;ø &amp;&amp;osLash; &amp;Ø
+
+    &amp;oslash; &amp;osLash; &amp;Oslash;
+    &amp;oslash; &amp;osLash; &amp;Oslash;
+</div>
+
 
 
diff --git a/crates/swc_html_codegen/tests/fixture/html-entity/output.html b/crates/swc_html_codegen/tests/fixture/html-entity/output.html
index 4b859854fd3..b8352b9980c 100644
--- a/crates/swc_html_codegen/tests/fixture/html-entity/output.html
+++ b/crates/swc_html_codegen/tests/fixture/html-entity/output.html
@@ -30,8 +30,8 @@
 <div>A space character: &amp;&amp;</div>
 <div>I'm ∉ I tell you</div>
 
-<a href="http://lmgtfy.com/?l=1&q=rick+roll">tired meme</a>
-<a href="#" onclick="window.location='?l=1&q=rick+roll';return false">
+<a href="http://lmgtfy.com/?l=1&amp;q=rick+roll">tired meme</a>
+<a href="#" onclick="window.location='?l=1&amp;q=rick+roll';return false">
     kablammo!
 </a>
 
diff --git a/crates/swc_html_codegen/tests/fixture/html-entity/output.min.html b/crates/swc_html_codegen/tests/fixture/html-entity/output.min.html
index fc19f67d400..e6026f13798 100644
--- a/crates/swc_html_codegen/tests/fixture/html-entity/output.min.html
+++ b/crates/swc_html_codegen/tests/fixture/html-entity/output.min.html
@@ -5,9 +5,9 @@
 <div>A space character: &amp;</div>
 <div>A space character: &amp;</div>
 
-<div>A space character: &nbsp;</div>
+<div>A space character:  </div>
 <div>The less-than sign: &lt;</div>
-<div>The greater-than sign: &gt;</div>
+<div>The greater-than sign: ></div>
 <div>The double quote sign: "</div>
 <div>The single quote sign: '</div>
 <div>The cent sign: ¢</div>
@@ -28,8 +28,8 @@
 <div>A space character: &amp;&amp;</div>
 <div>I'm ∉ I tell you</div>
 
-<a href="http://lmgtfy.com/?l=1&q=rick+roll">tired meme</a>
-<a href=# onclick="window.location='?l=1&q=rick+roll';return false">
+<a href="http://lmgtfy.com/?l=1&amp;q=rick+roll">tired meme</a>
+<a href=# onclick="window.location='?l=1&amp;q=rick+roll';return false">
     kablammo!
 </a>
 
diff --git a/crates/swc_html_codegen/tests/fixture/optional/output.min.html b/crates/swc_html_codegen/tests/fixture/optional/output.min.html
index 4d59f979dc1..03c0231dea2 100644
--- a/crates/swc_html_codegen/tests/fixture/optional/output.min.html
+++ b/crates/swc_html_codegen/tests/fixture/optional/output.min.html
@@ -146,7 +146,7 @@
         <col span=2 class=flash>
     </colgroup>
     <tr>
-        <td>&nbsp;</td>
+        <td> </td>
         <th scope=col>Batman</th>
         <th scope=col>Robin</th>
         <th scope=col>The Flash</th>
@@ -168,7 +168,7 @@
         <col span=2 class=batman>
         <col span=2 class=flash>
     <tr>
-        <td>&nbsp;</td>
+        <td> </td>
         <th scope=col>Batman</th>
         <th scope=col>Robin</th>
         <th scope=col>The Flash</th>
@@ -184,7 +184,7 @@
         <col span=2 class=flash>
     </colgroup><!-- comment -->
     <tr>
-        <td>&nbsp;</td>
+        <td> </td>
         <th scope=col>Batman</th>
         <th scope=col>Robin</th>
         <th scope=col>The Flash</th>
@@ -206,7 +206,7 @@
 <col span=2 class=flash>
 </colgroup> <tbody>
     <tr>
-        <td>&nbsp;</td>
+        <td> </td>
         <th scope=col>Batman</th>
         <th scope=col>Robin</th>
         <th scope=col>The Flash</th>
@@ -218,7 +218,7 @@
 <table>
     <caption>He-Man and Skeletor facts</caption>
     <tr>
-        <td>&nbsp;</td>
+        <td> </td>
         <th scope=col class=heman>He-Man</th>
         <th scope=col class=skeletor>Skeletor</th>
     </tr>
@@ -231,7 +231,7 @@
 
 <table>
     <caption>He-Man and Skeletor facts<tr>
-        <td>&nbsp;</td>
+        <td> </td>
         <th scope=col class=heman>He-Man</th>
         <th scope=col class=skeletor>Skeletor</th>
     </tr>
@@ -244,7 +244,7 @@
 
 <table>
     <caption>He-Man and Skeletor facts</caption><!-- comment --> <tr>
-    <td>&nbsp;</td>
+    <td> </td>
     <th scope=col class=heman>He-Man</th>
     <th scope=col class=skeletor>Skeletor</th>
 </tr>
diff --git a/crates/swc_html_minifier/tests/fixture/text/basic/output.min.html b/crates/swc_html_minifier/tests/fixture/text/basic/output.min.html
index 2697d38bfbf..72e337caa0b 100644
--- a/crates/swc_html_minifier/tests/fixture/text/basic/output.min.html
+++ b/crates/swc_html_minifier/tests/fixture/text/basic/output.min.html
@@ -1,8 +1,8 @@
 <!doctype html><html lang=en><title>Document</title></head>
 <body>
 
-<div id='John"&Harry'>Test</div>
-<div id='John"&HarryOther'>Test</div>
+<div id='John"&amp;Harry'>Test</div>
+<div id='John"&amp;HarryOther'>Test</div>
 <div id='John"<HarryOtherOther'>Test</div>
 <div id=John HarryOtherOtherOther>Test</div>
 <div id="John<test>">Test</div>
@@ -18,9 +18,9 @@
 
 <p> This Registered Trademark is a Script used in HTML document. </p>
 
-<div>I want to display &lt;br&gt; tag</div>
+<div>I want to display &lt;br> tag</div>
 
-<div>I want to display &lt;i&gt; tag</div>
+<div>I want to display &lt;i> tag</div>
 
 <div>The cent sign: ¢</div>
 <div>The cent sign: ¢</div>