The dynamics of quantum discord is studied in a system of two identical noninteracting qubits coupled to a common squeezed vacuum bath through non-demolition interactions. We concern on how reservoir squeezing influences the dynamical behaviors of quantum discord when both qubits are initially prepared in
X-type states. We find that the critical time exhibits the sudden change of quantum discord, which is of great significance for the quantum discord amplification. Furthermore, depending on the initial parameters of the system, we numerically calculate the interval when the critical time is finite or infinite. For the finite critical time, we show that the squeezing phase of the bath can prolong the critical time while the squeezing strength exhibits the opposite effect. For infinite critical time, even if there is no sudden transition point, reservoir squeezing still has an effect on the amplification of quantum discord, and the time to reach steady-state quantum discord can be changed by adjusting the squeezing parameters. Fianlly, we investigate the quantum speed limit time for a two-qubit system under squeezed reservoir, and find that the quantum speed limit time can be reduced via the adjustment of the squeezing parameters and the initial parameters. Remarkably, in the short time limit, reservoir squeezing has an obvious influence on the degree of amplification of quantum discord. Our study presents a promising approach to controlling the amplification of quantum correlation.