In a critical move for political stability, Nguyễn Khánh, leader of the South Vietnamese junta, entered into a power-sharing arrangement known as a triumvirate with rival generals Trần Thiện Khiêm and Dương Văn Minh. This agreement was woven against the backdrop of a tumultuous political climate characterized by coups and competing military factions. The military had been plagued by inefficient governance and unresolved conflicts; as a result, attempts to unseat Khánh had surfaced, making this collaboration not only a strategic alliance but a necessary response to escalating unrest within the country.

The agreement allowed the three generals to share power, with each bringing their own support bases and military resources into the partnership. This unification helped to consolidate military rule temporarily while presenting an illusion of stability to both the South Vietnamese population and foreign allies, particularly the United States. Although this arrangement initially promised a more stable government structure, underlying tensions and mutual distrust persisted, ultimately impacting long-term governance and political coherence within the country.

Throughout this period, the South Vietnamese struggled against increasing pressures from communist forces in the north, along with deteriorating public support due to ongoing corruption and the lack of significant socio-economic improvements. The power-sharing strategy was a pivotal but fragile agreement that showcased the ongoing struggles for control and legitimacy within South Vietnam's military-led government.