diff --git a/packages/compiler-cli/test/compliance/r3_compiler_compliance_spec.ts b/packages/compiler-cli/test/compliance/r3_compiler_compliance_spec.ts
index 7a6ae03d8c..477de86321 100644
--- a/packages/compiler-cli/test/compliance/r3_compiler_compliance_spec.ts
+++ b/packages/compiler-cli/test/compliance/r3_compiler_compliance_spec.ts
@@ -2206,9 +2206,6 @@ describe('compiler compliance', () => {
         }
       };
 
-      // TODO(akushnir): tag name generated for <g> element inside <svg> is incorrect.
-      // It's generated as ":svg:g", when it should be just "g". Potentially related to
-      // the issue described in FW-672.
       it('should support embedded views in the SVG namespace', () => {
         const files = {
           app: {
@@ -2266,7 +2263,7 @@ describe('compiler compliance', () => {
                   if (rf & 1) {
                     $r3$.ɵnamespaceSVG();
                     $r3$.ɵelementStart(0,"svg");
-                    $r3$.ɵtemplate(1, MyComponent__svg_g_1_Template, 2, 0, ":svg:g", $t1_attrs$);
+                    $r3$.ɵtemplate(1, MyComponent__svg_g_1_Template, 2, 0, "g", $t1_attrs$);
                     $r3$.ɵelementEnd();
                   }
                   if (rf & 2) { $r3$.ɵelementProperty(1,"forOf",$r3$.ɵbind(ctx.items)); }
diff --git a/packages/compiler/src/render3/view/template.ts b/packages/compiler/src/render3/view/template.ts
index 7d0fb1db38..99b7bbb517 100644
--- a/packages/compiler/src/render3/view/template.ts
+++ b/packages/compiler/src/render3/view/template.ts
@@ -10,7 +10,7 @@ import {flatten, sanitizeIdentifier} from '../../compile_metadata';
 import {BindingForm, BuiltinFunctionCall, LocalResolver, convertActionBinding, convertPropertyBinding} from '../../compiler_util/expression_converter';
 import {ConstantPool} from '../../constant_pool';
 import * as core from '../../core';
-import {AST, ASTWithSource, AstMemoryEfficientTransformer, BindingPipe, BindingType, FunctionCall, ImplicitReceiver, Interpolation, LiteralArray, LiteralMap, LiteralPrimitive, ParsedEvent, ParsedEventType, PropertyRead} from '../../expression_parser/ast';
+import {AST, AstMemoryEfficientTransformer, BindingPipe, BindingType, FunctionCall, ImplicitReceiver, Interpolation, LiteralArray, LiteralMap, LiteralPrimitive, ParsedEvent, ParsedEventType, PropertyRead} from '../../expression_parser/ast';
 import {Lexer} from '../../expression_parser/lexer';
 import {Parser} from '../../expression_parser/parser';
 import * as i18n from '../../i18n/i18n_ast';
@@ -769,7 +769,10 @@ export class TemplateDefinitionBuilder implements t.Visitor<void>, LocalResolver
     const parameters: o.Expression[] = [
       o.literal(templateIndex),
       o.variable(templateName),
-      o.literal(template.tagName),
+
+      // We don't care about the tag's namespace here, because we infer
+      // it based on the parent nodes inside the template instruction.
+      o.literal(template.tagName ? splitNsName(template.tagName)[1] : template.tagName),
     ];
 
     // find directives matching on a given <ng-template> node